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including asset class benchmarks used for modeling
document earnings. All returns are pre-tax and are not adjusted for inflation. Additional information about the model portfolio performance calculation House Oversight Committee — Epstein Estate Records (Nov 2025)

including asset class benchmarks used for modeling

or asset classification schema information
document performance may be lower or higher than the performance data quoted. To request the most current or historical performance data House Oversight Committee — Epstein Estate Records (Nov 2025)

or asset classification schema information

Exhibit 19: US Equity Volatility
document IMAGES-003-HOUSE_OVERSIGHT_014553.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 19: US Equity Volatility Spikes in equity volatility have corresponded with major global shocks. VIX Level 30 () Global Financial Crisis 80.9 ® First Greek Bailout (11/20/08) @) Debt Ceiling, S&P Downgrade, 70 -| Eurozone Sovereign Debt Crisis G) Greek Default 60 + @...

8.1. Human Capital
document IMAGES-008-HOUSE_OVERSIGHT_024494.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

8. INDUSTRY OVERVIEW 8.1. Human Capital Historically, the world economy has been viewed as being driven by an asset base of natural resources. This has shifted to an economy driven by industrial and financial resources. This perception is reinforced through the statistics and m...