Issue link: https://resources.envestnet.com/i/1540867
90 30% 25% 5% 20% 15% 0% 10% -5% -10% 9.3% 1.1% 6.8% 12.4% 12.4% 22.0% 16.2% 14.1% -0.3% -4.4% 1.6% -4.2% 7.5% 5.1% -0.8% 7.5% Global Large Cap Equities Global Bond U.S. Core Real Estate Global Private Credit U.S. Non-Core Real Estate Global Private Equity Global Venture Capital Hedge Funds Manager Return Dispersion Source: J.P. Morgan Asset Management. Global Large Cap Equities and Global Bond are based on the Morningstar Global Large Stock Blend and Global Bond {not hedged) categories respectively. U.S. Core Real Estate is based on the NCREIF Fund Index- Global Private Credit are represented by Pitchbook fund data. U.S. Non-core Real Estate, Global Private Equity and Global Venture Capital are based on indexes from the MSCI Private Capital Universe, Hedge Funds are based on the Pivotal Path index. Manager dispersion is based on annual returns over a 10-year period ending 4Q 2024 for: Global Large Cap Equities, Global Bond, U.S. Core Real Estate and Hedge Funds and the 10-year internal rate of return {IRR) ending 3Q 2024 for: Global Private Cred it, U.S. Non-core Real Estate, Global Private Equity and Global Venture Capital. © 2025 Envestnet, Inc. All rights reserved. For one-on-one use with a client's financial advisor only. 20251017-4912642