t Coupon' Yield Current Spread' Next 3%• Move; 12-Month (Price Return Estimate) 12 Month Return Key Interest Rates current' 12 Mo Forecast Barclays U.S. High Yield 6.60% 8.35% 700 -3.2% 3.4% (Mar 2017) a G81- EM Global Diversified (Local) 6.55% .114.1 B (EM Broad Index) (Hard USA (Fed funds) 0.25% 0

t Yield Current Next 3%• Move; 12-Month (Price 12 Month Return Coupon' Spread' Return Estimate) Key Interest Rates Current' 12 Mo Forecast Barclays U.S. High Yield 6.60% 8.35% 700 -3.2% 3.4% (Mar 20171 a GED- EM Global Diversified (Local) 6.55% .114.1 B (EM Broad Index) (Hard USA (Fed funds) 0.25%