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Global Income Growth from 1988 to 2008

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Average Excess Annual Returns 2008-2016

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Emerging Markets Are Subject to a Cyclical Pattern

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EM Outperforms EAFE 66% of Periods with Similar Premiums

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Historical Correlation to U.S. Stocks by Asset Type

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Active Fund Beat Rates by Category

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Average Beat Rates Trend Downward Since 2008

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U.S. Distribution of Wealth is the Worst Since the Great Depression

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69% of Americans Have Less than $1,000 in Savings

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The Rate of Startup Formation in the US has been Declining for Decades

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