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S&P 500 Index: Forward P/E Ratio
                                        Description 25 Year Average  Latest  17.2                                 17.0                 Forward P/E  1.92                                 1.99                 Dividend Yield  Source: Bloomberg, 03/31/2020.  The S&P 500 Index is a broad-based measure of domestic stock market performance.  The index is unmanaged, includes the  reinvestment of dividends, and cannot be purchased directly by investors.  Index performance is shown for illustrative purposes only and does not predict or depict










                                       Valuation   Mesaure   P/E  Div. Yield                                                                 the performance of any particular investment.  Past performance does not guarantee future results.


















                            as of 03/31/2020
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