Issue link: https://resources.envestnet.com/i/1540867
39 S&P 500 Annual Returns & Intra-Year Declines Source: Morningstar. Price returns used. 10.9% 4.9% 15.8% 5.5% -37.0% 26.5% 15.1% 2.1% 16.0% 32.4% 13.7% 1.4% 12.0% 21.8% -4.4% 31.5% 18.4% 28.7% -19.4% 24.2% 23.3% -7.4% -7.0% -7.5% -9.9% -47.7% -27.2% -15.6% -18.6% -9.6% -5.6% -7.3% -12.0% -10.3% -2.6% -19.4% -6.6% -33.8% -5.1% -25.4% -16.8% -8.5% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 S&P 500 Return Max Annual Drawdown © 2025 Envestnet, Inc. All rights reserved. For one-on-one use with a client's financial advisor only. 20251017-4912642