1 Board of Governors of the Federal Reserve System, www.federalreservegov.com, May 22, 2015
2 Board of Governors of the Federal Reserve System, www.federalreservegov.com, May 26, 2015
3 Volatility (as measured by standard deviation of monthly returns), May 2011 to May 2015 – S&P 500 Index: 11.53%, SPLV: 8.72%. Source: Bloomberg, L.P.
4 Source: Bloomberg L.P., June 3, 2015
5 Source: Bloomberg L.P., June 3, 2015