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sd-10-EFTA01386150Dept. of Justice

EFTA Document EFTA01386150

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AGP LP 519 Alpha Group Capital Paul Barrett 1990s. Moreover, in addition to these three performance drivers, it is worth noting as we enter October that seasonality historically favors equity investments in the fourth quarter. Seasonality* of MSCI US performance 75% 2.0% 1.6% 1.0% 05% 00% -OS% 0% a ■ ■ I • • Jan Feb Mar Apt May an JJ Ac Sep Oct Nov Dec ■ Median MSCI US performance (%mom) ■% of line market is up 'Median since 1970. Source: Datastream, J.P. Morgan. 6

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Dept. of Justice
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sd-10-EFTA01386150
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