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management noted that achieving this would be
document IMAGES-002-HOUSE_OVERSIGHT_014330.txt,expected to fall to the bottom line House Oversight Committee — Epstein Estate Records (Nov 2025)

management noted that achieving this would be

Expense Growth by Category: Entitlement Spending Growing Much Faster than
document IMAGES-006-HOUSE_OVERSIGHT_020956.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Expense Growth by Category: Entitlement Spending Growing Much Faster than Other Expenses and 2% Higher than GDP Growth 1965 — 2005 USA Real Federal Expenses Growth by Category vs. Real GDP Growth Expenses Growth ‘05 vs. 40-yr 4965YY 2005Y/Y |40-yrCAGR| Variance Comments En...

due to adverse political, economic or other developments. These risks are magnified for investments
document IMAGES-004-HOUSE_OVERSIGHT_016803.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…should consult their legal and/or tax advisors before making any financial decisions. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by compani...