r-less in-line with our estimates as published in our 2017 Outlook. It is also worth noting that while the S&P 500 was up about 18% YTD the ;Shares U.S. Home Construction ETF (ITB), which includes constituencies such as D.R. Horton, Lennart Lowe's, and Home Depot, was up 58% no. Figure; 2 I • 08 High 'Y'ield Index Total