EFTA Document EFTA01367798

22 May 2015 US Equity Insights Figure 17: Statistics on historic S&P 500 clips & corrections Count Avg Sell-off Avg 3m Return Avg 6m Return Avg 12m Return 5%. Sell4ifs 78 -12.1% 11.1% 14.3% 19.8% 5%. Sell-offs Leading to a 10%. Correction 28 -21.1% 160% 20.4% 269% 5%4 Sell-offs not leading to a 10%. Correction SO .7.1% 69% 10.8% 166% 5% sell-offs without recession in 12m 58 -10.0% 10.6% 13.6% 20.6% 5% sell-offs leading to 10%e & no recession in 12m 17 .17.6%