Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
03-31-2011 General Employees Pension Plan Investment Review 1st Quarter
� ACf) D3 m C�l 4 CD .0 N m W C 3 O p CO 14 N N = KJ C = D C \V o N 3 p CD Aco n 3 V CD � � (D d N 3 a 3 co Zn N CD N N (D N C n � C O O 3 I\ y < / ET § ° a f f J / 7 0 ; < ƒ 0 ? 0 ° _} j\ / / 0 CD =3 CD 57< g E B / E \ ? \ < o T < I r 0 q m ƒ 2 90 %a %. % R 2 / \ T CD $ f_ 2 \ � cn D CL , U_ / =3 ƒ $' 7 � . . . m M z » , , 2 2 ® 2 & » m 2 - a § ; s o g ) k m 7 E 0 � a e 2 2 c E i E m c n \ c o / \ 2 _/ $ ! c 2 ° { \ , § C/) K 0.` - ' / k - : m ` ' § } 0 / / \ 2 } \ - / k cn / \ \ § r / C CL ) M. § M. ) U a \ ® § C 2 CD CO 3 l< 0 9 (a * " B - } § \ c CL n ° § E ¥ o E \ cm ) � 2 / ; _ / [ m c <cn 7 C E a 0 \ / \ m § � R $ \e / \ / k e o a E / * ©CD 2 § \ ~ l< � , g [ _ \ / - \ 3 / \ \ k \ \ / cn & e I E = Q m , ® o § w / [ [ / / ` D § { § R ƒ \ [ e = E E , m = 0 - m T. m 7 E f m ] & / 2 E _ ® E ] 7 \ & / E 2 � ¢ / k \ \ 2 } / m ■ o E c $ 7 ] - » ` \ CD & - - = 7 9 « > - $ m ; � _ , , [ # _ / : i ° \ § } ] ( / \ \ 3 a $ g 2 R f ` _ w 3 2 C) \ \ / k a { k B % 2 0 2 § - a 2 [ \ 7 ) ; ] ( \_ Z } / \ j ƒ ( f \ / co G © 0 \ © \ \ 0 E 0 y k 0 E - / m = / C \ = I S m ° 3 2 R - ` n § [ m ) ) m } CD \ { + \ 1 m E 5 8 w / \ 0 k } 0 \ } / CL ) 3 _ . ; / /$ E m G) l m vi, / CD cn m / / {0 m ' / a \ 3 / o c a U z \ 0 ;q � o c) Kwmcy mO ; tnr41 oK a1 y ° m � vc � vrmmtnT 3m � 3mRi = rnQ 3 m m m `z dam. 3 m m m o m m °-m e n n N ° ^ C 3 ° o a2 � Zw4 Sv° o' noC 0 > 3 ° O` o DD ► <'v aim c o ° ° p N W 10 fJ a N cnd (o � c � � o �" DO3 91 o,p � � � ° � m o � � 0 ' m� 9t, � a Into maw y f N JC N N ° (D O. N om ^ O p 0 m � L .°i N ON N W -. N N J°C0 dC, y m O co (n � Om �_ NN J = (D M O d = a j 0 .Zl ql (D - o N a C < (p — O m W X O. m O7J aS < m 3 3nm m °, m X v1 N X a — D X N D = 0 ' v a N O m O o. o vn °o v � OlA NOD O (J tJ 66 t0 K) (TO .PO ° O) N �I > NO) NO) O 00 c0 A mO) 00 00 00000 00 00 00 A 0) > > O O W O O N W V U t > A A m O c0 O N Do i+. W > A (O c0 IV N (Tm Nm Aco ODNA am b. W W e o 0 0 0 o o 0 o o e e o 0 0 N N N N 3 O) A O V O > A OO) m0 NOl mA O A AA O) m HIV 4J — Cn �lO vO) :N b) J OO NO W V > N N QOO W N W W S 0 0 o e e e o e o 0 0 0 0 0 o N n °- n � M oK cfnN > > >' K 0w -I 70- 3 -A 30G) c < ° CD : � 3m m mvo. °c0CD m °o °1m dt�no nCD 3 n tD � 1 _• ' 3 � N 0 x m o CD m tDO 0 < � .ON.. °: 0w mm3 3nyC Dim °-• Q °o � � m .. o m a v o m cn - ca m o - 3 rt1 y a D1 3 0 d _ .. ,OZ. 3 O : i3 N c CD m m m a 3 o am y c to m mm' v ' � c3 OQ w � � . < 0< N � oN 3vl< N CD .O W < D) O. 3 c O 3 3 3" CD O 3 0 n y 3 < N N N �3 m n a 3 O C O y j C v O N '-' C1 CD t0 = O. W N .-. O O or CD 0. < W d o D) 3 fD U N n 7 S 0 S O .C-.� 3 � 01 U) .O. ,.. tj �c� -N j O fn O C O n l0 00 a 3 3 fD ^' (D 3 .3. O .. 3 t�ir CD cn 3c3 3c 3m =r CL o � � � otn CD < =r c CD;W tD Cn7 O"(O tD -- N 7 -0O �. O < N N (D y CD _ n CD �_ to fD CD CD = cr O'ca (p 7 p) .� w O a N O p 3 < n 3 to V1 D) N 3 m CL o m ~1 � o o o ? CD CD 3 m .s so m c -� N. y < l< 3 3 ° - � m Como rt� > v 3m C ,10 =r ' 0 3 3- 0 � CD CD coo cn '� o �' 3 3 °00 ° � a Cl) y- 0 O N (D 3' 0 n CD CL CL CD CD N N .. n ;r N p 01 N _ -0 0 _ \\ V1 °. N 0 3' O O �"< c! O to c 3 n CD f0 M d ;CD;: 3 3 tD � tsto � mow CDw m M a m 03:m 9) C: 67- QJCD 03 301 c _ (<D 3 .. � (D 3 = N 3 !o n .. 3 y fn E 3 .:' (D O n n 'O 'O n N x 0 < m 0 i i i g O CD S 7 y Q O m (D m v a 5' O v � 7 D Q (D m CD C CD -o o m m 3 0 -t r- CD O 0) x Np �cn a' -a (a a) - A j 0 CD a" _ N C a N' N (D O O0 S �. 7 '7—^ < 1 7 O" CD ? a m m o < 3 CD o j (D m o o (° 2 S (n 7' N 7 (D 0' O �_ 7 (D �. T 0 O O7 3 m U) X m 0 0 °< �' 0 °< m m CL a N w N z S _0 or 3 -' C SD CD (0 N 0 , 0 0 O Q 7�' < 0 7 .° �1 (n ° '0T K M co 7 ° y C ° 7 N � C�C C a p p 7 (D coy 7 CD N N D) 0 CD (D n _' G CD Q I .. = m Q .a m p w •• 7 D C A C7 0 7 N O Dl a S C 3 D) (n O 07 •a N N <' o M N 0 N CD D) Cl S (7) (D O c) CL m l< a m (D ° �' 0 m m CO CD 7 c CY 3. - CD O 7 (D O ti. (D a p 7 ? 7 x O' O' O Q 0 :0 N N O 7 0 (D (n .. C 7 0 O o m g CO 3 < �t < a c a CD 0 o Q 0 " 7 m ' m ° ° a a o o 3 ,. 7 (D (D 7 O < 0O fl) <CD 01 (p O. d (n N CD a 'O (D 2) O N 0 CD .G O c (n N C 7 "O (D M. .0�. O' t0 (D W (n O 7 a O 7 (°D O Q 7' < (On rl N 0 u O < a N' (CD D) (On (D -' O - 0 D) (n � Q N S d ((DD Q 2) 7 7 D) 0 7 7 Q < � 7 C U 3 CY CD (n ° F N C a ? fC x �. N K CD M 7 Q �0^) S (D c Q S D) N S � » N 0 CD Cn CD D) 0 O. O 0 0 N — O S N O- 0 Q D) O' 7 N O O N N N O ^0^ co 3 O° N N 3 .7. Cc 7 ° (D "N" O' S o D) p ) i 7 1 7 SD CD a° a o m < Q y O S Q' N O Q O '� (D N C < (D 7 7' p (n -" K Cu O 7 `G C N `2 " O O' N (_Oii 7 (O (D N 0 O. "O N (D * O" 7 N tn' (D � 7 7 (D "O D) fn V7 - I S C (O, G' O O (a 3 'a N (n N N A N N Ci (D 7 N p 4. 00 CD m a CD m CL .0-. N 0 N CD 0. `p (D 0 y N D) 7 -0 O 0 < c c O O (D -0 "O N N 3 O D) a m a y m (o s N m M w c 7 CD (D O D) � N C' Q c (D D7 D) Q y 0 7' -o (D (D 7 7 (D (n (n CL N Q in CD o' 7 CD c S 0 O o p� O 7p_ (D O O m j 0 (n ti. 7 N I N .. W c p (D C `< p (D o' A Q O o (D 7 O o l< ZF or S O 7 O CD N N a C (O `G (o - (D (D co N O (D 0 CD I CD r n' N 7 O 3 N "o a 0 (D CD N c 0 c m n D) S (n N (D cn CL cn w 0 O "� 0- a) m o7 a w cn ai o S&P 500 Earnings per Share 0 c N N N N U U N U O 0 O O m O 3 O O A C O N E N V/C 0 S O 0 N O O J O N m N U J O J ^ n n cn d ,I n N = o m a m M I k y v o C 3 y 'f n N Ej IG o C o rn J � N O O v p j (D �o n rh X O r pl a U J V » \V//� m V O _ C O O O N O N O O ♦y O O O S&P 500 Price ° i g m i O vi i O a O .0 3 N �' N 7 < (n < N -O �' o � O. C 0 (D 'O cD cn O S fA N O S < S O 3, C O S N ^' O X 3 'O N c0 CD 0)p� O (D O cn O 3 3 N `G .3. O a O N O (D CD — CL Q G 0] N d N C 7 'O (0 O `G N (D W .v. N O .� (D o 3 (D 3 7 C 0) N .-. X N M 3 3 0) _ CD -O =- (D n O (O O. (D j O O_ O O 01 a) N < N Od a I O N .r O .-. N (D 3 (n N N S S -O' (D vl C (D N 3 3 � CL .. N `G O O O N O = (D N 7 .3-r N (3D 0) N CD 7 — a N Cn (n N (D O C1 .O-. O N N 3 N_ T W N O O 0 N N N 3 0) y (D O n O d N O �p O -+. ? 7 N 3 (D N 3 C 3 x Q N O N O CD ^ (D O O 0) -.� N S M 3 :3 O< N ' 0 0 07 d ,�.. .. .D <" 7 .-. 0 (D N (C y (D to O Q 07 y O CD 3+ C (D CD 3 o C (SD S CO N O. N .Oi 3' (O 3 ( S �-�' (D O N (a N 07 M =r O (' d O 0) O O O =! m N a < N 3 O O C) ,�. CD CL 7 O N 3 , N" C1 C' (D "� d C 7 S CL (D O A a) -O .C-. 7 l< 3 O N X' O -O C N C _ a) O S O. N w O fn C) a (D M .r (D 7 ( (D A S1 a a Cr 0) N (D (D to X O (n `-G C 0 N a, y 3 (D .., C C (n < (n N V 7 .n (C 'O (D 7 N (D O 3_ i Cr N _ C 3 3 O_ O .n m O N N C D a) 7 0 -O C � a n N � j ?CD w C/) N *. O O O O O �_ _ Ll 0 0 n A 5 (D S 7 n N t11 .3i l fn' cD O N O < = O1 7 " �' * (C) CD C (r- 3 N (On N in -o N (n w CD C O C S N D (On N 1 N Q C N N d .'' .3+ D (D 7 O 7r 7 -O n N S ""7 N O (n N d (D ,. N O W .r S N o V mm � c000 � r.� n� w G) cn O <n o in O [n o �n o in o m m x A 0 1�h rn { V 2 C D m N m -ml Z Z D { 0 y � D D 0 y N 3 ^�h 0 < W m x cCn o N m 'p O N M na N m o 1 Er o m ol r C A v 2 C rF 3 ^' c m ° 0 7 Wa N m W O tJ d j X NN C O NN o N ' C ,rfY � 0 0 � Op p V o N o W /D o •V N � � O o F 3 g 0 s m o m < asp m m -0 5 3 m cD m m m _ N 0 O (D 7 N 7 a (D OT. m O N O — _ CY y (D � "". m C1 C Q m rm Cr CD 0 CS y no) * m m 3 5 -° ? 3 - mo o co m N m e o m a 0 `2, Q N N 0 0 Daj N n � a m m cn '0 (D 0, O O N, a m — c m CD O `O< O = m m 7C m ' (p y O (D cD O m S (D N 0' N y a O m (D O "* N m n y O Q �' =1 N m O (D cD n y 0 0 0 m (D y `< (D C M Q 6 Q j- y Q a (D O_ N 0 Q m O 0 O 0 CD N 0 0 _ m m °- (D 0 cn cQ O C (D X m ] 00 (D n, N n � (n 0 cn Q 0 N 7 m m y ,. C S (D y' m d d- rn Q a n CD X m Da) 3 s O x 3 � o < ci' 0) � m m O 3 m N (D —� M C y .mi .C~-. C m 7 (n N m -Oi. O. CD p) N cQ m _S Q Q 3 C m 0 N _n' m O M U) < a3 0 co y O N 0 m S Sl) (D 0 0 < < cp .0. S Q (D m p) m 0 0 m �. o > >. 5 �. c c 0 v) m �- n in 3 c a 3 o m = - Z = m Q m m m, C O c'D 7 ? S 0 7 7C m �' N N = N 7 S C (O co CD S m 0 O O N O < (D S a o Co p) `< m CD 0 C .D)) 7 CD ti G 3 m < m m (D � =r 0 00 0 Q 0 S 0 y O Q O m Q O .r (D (D o ? = c0 m C O N (D N cn O m a) X CD ' m m 0 D (O d 0 y a C C C (D M cn a 0 O m CD � cfl 0 0 Lt '� (D 0 0 cn (D Cf) CD 0 0 m N 7 7 O S m y m cn a, m O y N C Q O m o 3 0 (D m 0 C C m 0 = Q 9. m a S .� o Price Total Return yO I Z O O m N = C CO O V N� 10 m�m y�m y m y C N r 3 o A m N o■ O°� 0 y 3 x CL Z G) r 0 y O 0 6m (0�D D L�(L d O n C A W y ( w �c m , y C J S N N C N ° 3 C1 x 0 o KO o 3 co o m w o 3 d < N d D7 r h n < <,r O L "O N G) 0 N (D O 00 `2 D d 6 2 O 3 _O (D S (D 0) O O O m O. Q 0 CD C .0 — m S -_n a D1 < CO .O+ ,O-' 7. (D (p' p m C1 7 O_ 00 D) (O v 3 m O � O 7 (p (O d CD < d C CL m C O < N N N C N O (n, O 7 C O N ] < O "O m O O O m Q. ED 3 CD j n d m m p N .�-. ,:., N N .� 01 CL =r O Cr 0 D7 O O j ? m -n O (n O NO O m m (n '< a m 7 CD C t11 .. K (D m �* �- m a (0 N 3 (Cn C. O< (�D �. m O d N � N N 07 O O N = M m O 7 O O O (p (D (n CD � 3 6 _ N �G 3 i N N m O' 1< S a 7 i (D — N C' (�' 7 O N O O N <O N CD m = N (D S N (0 (CD N 0 3 a O N f1 i (n_D. ,� a N * D) (n K Cr O Q Cn (n tS (n = N, N -O Q N 0) m O Cn C N `G m 1< CO (D 2` O O. "a 3 O CL 3 CIL *, "O O 7 D) (D Q. (�7 0 O O i C N Q CO N S N v OC CL � N O' � m _� y 3 N O m Zn m O m N D1 n N 3' 3 O S CO N 3 m Cr � - (n Q � 3 `< 3 ° m m o v - c m _ m c c o o 1 rr — CD n 3 7 7 D7 O 3 Q. m m O /f] �• C Q CL ^� 7 (Nn -w 7 m D7 < eCi C N m O (�1 u N ( 0 0 :3 CD O O O O o N C 'G m 0 O CD W D7 O 7 7 0 cc 0 -O N c t\ F m N g o = 3 m' m a CA N < O N =r m m =r a =r .j m 0 m a °-(D N (S 3 D N (D o T a O (!R m a. =•' O C1 3 a y o 0 CD fmn fn R N N N 0 ' = N .s i s S p m m o ' N G 4 ' C w CD D ca CL m . � my o � � `2 m � dy 3 � 3 � mp ? m O a m N. I 0 m m p »to w m d M p < IC 0 O 3m c 0• m me -<' = cm icy 7m Jo 3 r0 x O 0 r0 0 x O d m 0 x m m o r'p � O Q Q fmm 1° m m J 2 fm�1 ID% d » y A y A 3, 3 N CL n 0 m C an d 0 0 S m m 0 y m m O m » d CL c 0 3 < 0 0 N J 0 y d O y 0 d m my m � y » ma od_ ocy re3 0 » 3 M O '�r0 C d C 3 J y 0 x J m p N O o f 3 > > m � y m o m m ^° o ° o f to m ? Q F d O i d N y r0 3 m d r0 j — '0 0 IT,m A .e m ? d a 0 O 0 9m1 m CL d 0 n < 0 7 mo Mo m ' Foo � m dm o3 m o3 r 0 w 10 9 ^ y y K J 7 d .G O c 0 w O � � > > w 0 W � 7 y S y 3 > >c d r0 '0 0 O N O y 7 0 0 l O O. m 0 0 0 � O .-. n J N d < M 0 „ m �< d d n d N O m m foD o r0 7 N m m m 0 m 6 N y 2 » 0 0. w OC My 3 < < 4..r0 d d f0 W 6 j y m F• < d O m m d 0 y C — 0 J , M 0 d m m N m CL o CL v p, m m a p S < M W d 0 0 < d d d 0 m, a m '0 M y �` 3 0 m i S °+ N y M ' m O m C y 0 x 0. a m x m rp a � m m m m o- m IT, o d r\\� G m . d C . O m m y y . N 7 r0D 0 � re y O c m K H x T m O O Q Q K 3 m m m K S m m O T ; g S w w w p p A w x w p m2 m O T m c d m c m c m n 0 0 . m m ° m m m m a . v f CD m m o °c 3 3 c c y y 3 T D N Q 3 g N g W + Z b' = y ma v 5 3 and mm °o 25 E � 89 88 _ tit 3 3 m a m o m c c w a a � g lD v " !n 0 a = m � m 3 + v + + ¢+ + + 6 + 600 0666 + 66 o N w d. i' . p- om m �' mn q O11 J Jmu ° VU°. ° moormum + m °o vmu °w o O � N • • 0 N A A W m W O O O O O N O O O w w J w m w w j A u � v mJi N Q. o N N O g p m N uai o o tan � N �p a N N ° n N a a w N 6 0 6 6 N 6 0 o a J m �° GooG9 $ o �A.+ � & °w 'i m N O m a m y 8 Ct u4 m +a 8 % w i ES °w g o ° w m u v m Y O T x x x x x m O o 0 o c m m m c �c A Spe Smc O . C s v ` O i D D 0 3 c�am G o o _ i 2 « m a -° C y m ja SL a x y m $ T x x 3 3 3 = 3 m MW m m m' m v i m m _ 3 V Sap w T p° 0 +a + m A O N J N 0 p q J O m V w+ m O O O O O O O O O O p m J �i V A W w tp O � m A J 0 fJie + 1°O N faJ m m O O O cn S 0 L 6 N N m m O N zi w b O D O O w P N O A P m N O O O y _< _ N W G1 CD � O_ � pJ O d O M a°N X O Z n m � 0 S X N � O 1"► 3 a o � W n N O Q1 y o y = C y r �m a o� N • O (D O c O c a c C 5{ m - --I - tea 1j n v T 2 m 2 * 2 2 W CL� � c. (DD � CCD (D m N N o 3 2 2 3 2 3 >CD m> w. J 0 0 o Q = 3 or s 0 3 o v m o m — M m n 0 o v v m 0 m co G) n < m X N v CL -o Q SO S <R [A fA 411 (A EA QA EA (n O m V V W W co A N -4 A N Cn -4 2 U v U 41 W W O fp A cD V A M T A Cn A m i0 A OI T o tD A CO -4 (,.> (O N � V Cn V j OWD i J A N -4 � � o A o ° 0 0 0 0 • H < fp (D N W A GA O> V 00 f0 O 0 (0 O O O O O O O O O O O M N Z � O m L ::M :: N m l C W3 = ■ n r N 0 f O - 0 m p = c S 'm ynj � T M r ■ - cn J 0 O m 3 � - m n m v N N ae O a obi N m 3 01 N m 0 O i+ 00 e m - ■ -n. N a o - O 0 0 3 m ■ N A n O _ m - O m � A d 1 m m a m C G p C N a a C m s o 3 � m N d iA to to fA to to v+ W '* m N W VP (A T V 00 0 o O O O O O O O O C1 M O O O O O O O O O 2 0 S a O O O O O O O O yfn 3 = o a m ': CD—W V < `° a� N � C 3 D 4A CD r O A CA N O A m w O O Ul a� m O c ® O V t�Jn 0 A W eY m O w � Q N CD V '! J 0 41 A N O w O Q V co V O1 N `n O o Q N Q 4 V N CD N °� o O w a O A A N V n N 1 co to C N 4 C m • m v oo v CDi O d O to O (� m _ a CD 3 47 0 0 z _°— � D m T. o C Ei O w D CD O Q < N ��'► z _ 0 o d d D O m 1 v N F c c 0 m °- CD 7 y d C co c j S 7 CL O y O O (3D p o R m 3 W (D 7 CD N (D N CL CD = d n S r Eli En fA en En Efl H9 fn ff3 EA V m m OND A W m N co t0 A Cb m m CD CA A OD �! IV Of m _ O W (n w Cn CO _ (D m CD m CT A m C4 �-1 <71 W O Cn V Co OD (n V (D CD (A (D w CD A Cn A m d O co O _d W Z a J M n D < d 7 0 D CL = p O D O G c (D < O v m CD i G 00 U) Ac � � a Ac c N y ?� cn v3 m ti 3 ti � (G cc m nn `Lm m r" " O O o A oX mms ooA ooA -» (D g ;a mm o " o " e = q p1 z � I c) (D nom � @ c� C a3 aam � , 3a3 QL� as I W nI fD I m (7 xd � mx ^ O y y c n r W C a fu C7 p C CL n S T a F x A s ° N. c� O F V1 s W � p a OWf � OWO OAi N W A _ N + O O O V 00 co V O N W N OWi N W O OAf W (n A +O co t0 N V N+ A N \ e A -e 'p Ot N Oe ONi J - o e -e ° ° o° a o° e - A N O+ p N L N O N cn N cn N A N + O O + N d N W t0 W OD W W + W CI W O 0 0 o e o o m D O. C (n N 01 J N cn A d T N A p� N <n A ip CJ A cn N ip N T o am a m � m � n N C � y < ( � - o m e ® z m e « \ 0 % 2 k \\ o m w m m m / �CD \ ) C) Z \ D \ --7: % % d \ J; f > } & g g ! \ z a § § ° o , E w 2 7 + o . o \ z a § & ¥ G - - % «CD 3 » « y ? $ ® ' E / Q. & \ \ \ (� � ® ° 7 ( / \ \ § { R{ / \ } } \ 9 § y ( $ «&/ \ 2 \ \ $ G / % %/ / \ / / / { n 2 ( \ } ( e a \ a &» / m r / % / \ \ z( \ a { ® 7 \ { ) \(y 7 " " 0 " �° s ] { 2 / - &m G) / {\ \ -co \ \ \\ } m ! % » c) k {� ! ( \ m 3 \ & ± < /} ? e CD f ! » © C z 3 p \ \\ $ j \ aGm K o > o - \ ) 0 \CD ° {/ ) ° \ / CTI \ \ ~ @\® \ \ /t } a / )\ 7 j \ \ ` k ( k r \ ) \/ § ( % ` & \ } \ CD f 7 � of G) § } § / \� o a] \ \ 0 co- \ CD 0 $ \ {( \ CD } � / % ❑ ❑ ❑ ■ ■ _< CD o < Co D v (O m o <m ° 3 m E7 `D ,n O D D D -� m m m A � Z m d m O CD CD X C W N 0 (O ' _ d 3 n v o v ry Q n n W C T O r < < C1 m CD r► d m to m m O O CD C a m n to A` d w, _ m W v CA rr O FO a W 1 ° D CD < CD (A y 0 O N N Cl) Oo 0 Ul N V 00 D ti O m r to W i Cl) m c 0 a m m O � m n m C m � o .� o < TI m � Q `D w D t i z y z y z y - 1 0 m nn D m x O n a r y f m m Z p D n 3 a D ? O D n D n r i 0 3 r '-' z O O zy v 2 2 A p N Z O O MD m D z 0 b o T» n 0 < 0 m a m y0 n 1 a�► O. z n a m 0 n ^I 0 0 '�A m ^ a W n 3 0 A z 2 n O n 3 0 z m VJ v z z v r o 0 v ^1 W Z w C Do o o Z o Z o n n 3 3 3 op 3 0 n m 3 3 0 S � � m � d � m � T r b CL b m u ro i m o 0 a m � D YOwFnNN e � a m` .J U1 N V N W VI W O p Wp Y Y O1 V 0 m d a V U N W V Y N Ip A A19 lA0 V cy m A W V W b pf W m W N m S N m p� n r 0 m c d T .D V W V J E B N a CL a N {pd b N ppP ONJ IVYO 8WIpW/�1 pbm ppY yW� 1p� yN� b A UNi CD Y pA1 pU11 YV+ V m Y Y Y W A 1 01 p A O A W W N VNi LW+ N r O ONO Omi V N CI p D D O - b O m ` D m C < Z 1 ,n m m y z y O 0 p a W y m m v 3 y C p r 0 3 C No m z 0 F 0 P D 1^ O m vzi a 0 �^ 0 a A D z P < O z z x z A m i D a p D n Z 1 y 0 0 9 z n i vmi z P O 0 2 9 A a x y < N n n 1 0 0 3 n 0 z 'c z o O z x m o n n W O O m z P m z W O D 3 o m yvmi S D O N v 0 z L1 n p Z < n z T v x n z n v = , p z D n 0 a Z Z Z tai P mom 0 3 z n 3 O D z in 3 n i o 0 no v ; or z 0 < 3 n 3 z Z 0 0 m� 0 p,:EZ3 oKA3zn � > n05' any c Finn 0mpn33 � � ozm °z Z P a WOO x o 3rP�1 on W 1^ O 3 33 3 o O n 0 Z n 0 P a 3 3 '_^ 3 z Z z ; 0 3 0 n n 3 n 0 S W n 0 d m c m Np Y N Y Y Y Y Y p N q Y Y Y Y mY Q N Y p Y N Y p Y m Y Y Y p N Y Y p Y Y C m O A pA _pOJ1i Y N OW1 VpAi N w �0p1 N A P O� V OWt �Op W ^O Om 0 mY N w W N W N m A O bi N w A �w a wo a V A w m W OWi T t0 Oi VOi ONi O] b tVn OYf N V Ibp p ONi 10 P O O R V O m� Cn W W A O A A N A m a TY Y p1 Y N N Y Y Y Y p Yf N Y N N Y N Y p Y Y p N Y Y F+ Y Y Y m Ym Y Y 1 Yp Y N N Y N A O O V f+ N C N O W WtYp NVAi `VOi Y O1 V A tVp O N A f+ O W Ili N b O W O m tl� 0 0 J A W m p O 8 10 A W N N m W A V mp V 10 W N A O N N J p W W O A V m 1m0 W /� m l0 O m N m lI� m O OJ W DJ J O m m N N Y b W O O N N Iml1 V N l0 N 10 W Y N Of A b J Q m T Y O1 V V m 1I1 V1 Q� l0 b b l0 O O O Y I+ Y Y w {Yp N YI W VI V O A Y O I V� W W W b N V V b Vd N w Ym+ N O W A V N W N IWII pl lO VI C N O m W N W Y Y V P P P y o < C m � Q fD v D N M N M Z m j D O D C n m = A emit a n D A ^ Z Z D O O y a m O m O Z . O > . > Moo D m n n O m O W f� O N m 0 - A D F y C A 2 p , Z D < n p f Ap 2 Z A 0 < z ' A < p W Z A O 3 Z 0 0 24 V W Z O x W n x v W - m m , r_ O n < < y N A m O m C A �1 m D Z x 0 v Z - O v z 0 v n O D V s O o A v n � ^ c W ° m o 8 Z M o o - o A ° Z n x 9 n m^ - M a 3 o W p p y m o o o m z n n m o v 3 O � D o z 1^n D n i CO 3 nO � n 3 O 00 a Q x 2 < n m - z o Z 3 0 3 o n o o p c N 3 z c D n n n y o z - 3 nz p o A cn n m z n o z ^ 3 n N n 3 3 ; (� pn n n o n 3 p z p m a 3 n W ^ n N n O p n ^ D n < O z n D D O p o A y n 3 < 3 p » = 3 o s 3 D o 3 m O Z - ; n P o y 3 ; 3 n G n n o W 3 n °v O 3 n 3 n ? 3 n W O ; z n o 0 _ n n O z m O r c m V p V A A 1n m V m p N p� N N N N y V N V N N A N y V W W J g m N N W W 111 Y C O ➢ F` W N O N O ,m W b O b N N b O V 10 l0,m W N V OI V N N 01 O Y J A b ,m A O N pppp V 1p11 W N b W O 8 ➢ N O W N 8 0 Y V 10@ m b Y Y O b O ➢ O . m W J O Ol A O No , n � DC 0 111 W m WY ➢N OVt b N V pJ m O mP O V fi ,pp mA bOWA i N pV N m O N Y O m J N mm O N p N N N p N Y W O tWN 0 VN 1 N Vm p O W W O A m qq Y1 N p OI Y V NN Vmp i WON m qm N W m b W Y A Fm y N mm b N Y N A ONt O O m N W N `V O O O J O CD _ N N N N N N N N W W W W W W W W W W W W W W W W W W W W W W A A A A ➢ p y y A 1Ii W W m p N W CO W p W� p mt b O O O O Ip+ Y y V� Y N p N1 yW1 W N N m y0�1 V V y m� 10 m 1O mOm Ip+ >+ Y J N A p A� a V W m b � OWI O N N N A b N+ V G VNi QJi W O A b W O O 4A+ W V r IP W A A V A N O1 N m N V N Ol N N 4a+ W > SU 3 zOrm3 nDOmZmZ C0 (p TCm m1n ZDtiti2Z ntiAfl W D = < z � D N n c 3 r K H C Z D < ti > g m N n - C 0 g 3 D > m n ^� A O n m < N > < G p <_ m g o W C ^ O T T m n " 'J A n A O m - N p 0 O Z A O m m D = D y n Z 3 2 O > M b = Z D y = AO n i A n v 3 m - n o y rO c O ti P p -i A V x p m 0 0 0 , A > n p Z o o A p x S '^ m p A n O T Z n n O y z n ti n n A 0 a 9 p F a w z m Z O n y 0 m m n c C � a � 2 0 Z 3 � n 3 = H ^p 0 3 C ^ v n m M 3 C rni Z 3 0 y n °D n 3 n n 1 a 3 n n T o ^ O z 1^- m 3 n x z m z a p m O p z 0 m 0 ° 9 n m m z 0 no < - n n $ 3 n 3 n D $ O n 1�i1 3 0 3 3 F n 3 n n n 3 w u 3 3 G 3 3 S n 3 n n n " O o N 3 oz 003 � = o n o 0 33 � KO m 3 3 z e n 0 m a M c � m Y Y Y Y V Y V pWp y m1 N W pm V m pp� 10 V J N W pp� V m qq p q y1 T (p 10y11 A 1U Y qWp1 V O O a NN p m N W O b b N N q Ol J J b O N b m pp W A N y J . & M m p O O A p 1 p q W O O N b m m m O m u> A> M c a+ Imp Qm� J m am pp o m pp J m c J A A N OI m n fD 1W Y p V Y A O tO p Y 1O/� b m O N l N I+ Y IbJ1 O m m J b N 4+ N m W IN U N S N m V A N N W p N b N N N N V m 0b 1 A W p 1 O m V b W 0 O O Y W m qVW A O p O P N O p Y O m 0 m v � 3 o- m Y Y Y Y N N N Y G N 919I Q1 m m P. Y Y W ➢ A W N J O m Q1 OI {Vp m 1G ybI b 1p01 pO O O N N N W A A p T A Wp m fC� O N N Y INI W W 0 w m m G W . G A m W N VI V m V 1011 A N A OI I N W m N w IOII N G p W A O V/ y o < � f _ � 0 z ` " % 0 / \ > mn | j | ` \ & - @ - - - _ c \ / \ � \ \ j § ] - k \ ? \ m / ` > / \ § j ] O . [ . � 2 CM � ( () \ \ { ) k 2 ! ; 7K „ _ ( ( / { / ( \ ƒ » o m ER § ) ) § ; _ j o � � ° � j k \ « \ # \ c L ) ( 2 ƒ § _ 0 , sa� aaR 11 P 6 STYLE � aa rem 9-v�z 4 ^2 gL4 3 n 5g 5 3 n�� $ CAPITALIZATION a 394% c s �o g 3 a a' _ ' • a aF 3 A ` - °� - • 1 e , d< a n 3'� o e c n ➢ v = D 0 a 5 n 5 Sc > 3 � Ili$ • Y � K _ a e ° o � � I � Il9li � ll • o � o - D o A 83 °� _.19 Mi 0 ss � A D ° n 7B.7M: 3casm � • • n 2 y' ¢ 5$ 3 a R 1611% as mLog a3 r � a ° ° s ' a33 �a Is.78% - w RK ° a S _ sa ?F 8 3 a m Y EA Il.tl% N is a a sw a 3 =8 S.If34 au assn;°a 321x,: a S = XsA 31.ns I\� If ux �r Is.AC y oP o ° Gao 3 j ° _cg9ss a Be89og3 3Fg -k e �fle - ;.ag a "t M k v �. s 1E °-a e 3 B e p °-, 3.4 w' 4 i 6 �£ a " P 3 g � t2 �- n ="�u 3m Vt F? ' CD 6KR !; 2 4 F e1 ! ! l , I7e «a« STYLI ; ! ! � ! �| !K f{f!) � !i■ \\� %� CAPITALIZATION ^ iƒ |!2- {� ( ƒ! ! § e■ �i, ! k{) `{I \} - K g7 !$ { �r !9 - g \} § \ / » \ ` \ ■ . , - )� � 2 � ^� ) \ } i \ \_ 2 ,! | ! > > - f ; � ! ! }\ ` zz:: � . . , , . � : . ! i | ! - 22| } . - - - - - - - - - G ; #; ¥ !�, E ■ E m - � _ , , . a _ `� .\. \ƒ; ;! :- } }} § ! W/ {[ e , ! f| q ) ; ƒ� IPA !! } !■` !| - ! - tf 44 ` °J a ! ®■ ;"4 ' - « - § ! 31I c� I .. , . •I� w f��-! _!. >! !! *. i ƒf� �f g,3 f ƒq| $&|� ƒ� ! }|f} : ! | !iR 4 , - !4 § ! • =l93 a - - »! + lE +, .3 � 3 ZZ va 3 3 a q 8 IS � a 3�3 1 c c c c c c c c _ Z � g, yg � 'M 9 z z z z z z 14 z a n a a a n n 7^ y yy y ym Soy A 3a� gy Son 6 Q a " = c a ze 5 = a' N x ! | *-& ! 1 _ . . z z +, » l.,•! § : . . - § - 2 . � a • }�! ! ! J !■ } , 7. . ! i ; . - § � » fIi` !! 7 |f E �|!|( ! |! ! ; ■| � , » § , 1, +| . « !7 , ; a - | §! } ` !§ � * ■ �� . / �� � ! ` ■` !E& � � � : - ! /f | If- | ! } f7■ ! r 77 m $ ¥ � ! 2# i! : | | ! ! z ! | |§& $ { ! |!£ ! !!! ƒ i || $ § �# �� ■ ~ � � , i!!I ! � 2 n - - _ , go ; < « : � ! 2 CAPITALIZATION w & | _ { / 7 \\ � k \ & . . , : . ( \ } /\ ƒ J\ . / } \ ( ( } m - 3 @ - . {\ i - ) _ 0 - _ EL 2 ` - - @3 _ } { } } \ ( ƒ ( \ i ( ( } ƒ \ / ( 3 E {M o - - ` - � ° � � _ %( , \ 3 } - \ . / ® c m3 _ _ - w 5po 2 » � : J > = 2zl � . % \ ® ~ ` & { ( % ƒ & « « 0 [ \ f ; . ` > . , Er } � ( $ i z 3 3 \ - } 2 ' : m \ Om w2 ƒ ( G \ _ \ § a / \ j \ \ \ \ \ ( ( \ \ \ m O j 3 9 n J.» �. s± mlp sm m f»l N A m D N o < d m < n °— ayc_. xm m nm N < Ja 7 m s m 0 =C 0 o y c J 3 w m CL D � m N m m .. I x m=3 m n. _ _ :E amo m JJ °m c' • 0 n Wo m 3 p N 1 O ° S N'O °' ° m IG m S 3 C N O p' m 0 ' ° mcmmnxN J of p nro 0 000 a :� • O o'. mom ' o JN �.gm o mHmvm� 3 �' x m9 0 y x3 m pc -� m 3 n m d C p . d p o n3 ,mnm m � 00: m ip o w • A FF w 0 C ° 0 N m o 0 0 0 0 " o • C p — j 'i 0 co S o o n rn a -23.47% 6 h m m D D u A • .m. -21.93% j H e m m c 1 m m o > > >m 3 -23.28% N m m m O d N o � �. 3 - -1652 % m + a x o 0 0 m m c o m m = O m 0 T N -15.57% a m 'm d m -17.30% y y ? ,c • O (p mm ¢ n �. n 40.54% m' o• < v z N m m o N p m 0 o �, A m i m W 43.61% q p ^ 40.00% 3 m, m 1 m y H 21.06% Z to v oa • FF 23.09% w S A m PL o a 3 20.15% N N m m 12.76% m m m o ® �, 14.25% J N » » ;t O N to 11.15% A N N O 1 m C1 � c r n 0 m `° m z F 3 o a m r 26.60% a e e m �, 28.02% C y^ c o 24.59% A N N N y j 12.17% 0 0 o O Sr d y m 8 12.88% j J C G p m m N 10.35% , p� J N ' O A <n cn n F e o n -04.11% p m A m d X4.82% � m -46.48% 3 o m o d m � 28-97% A y 0 s rn J N O O N x y I � 30.39% v< N �p < -O 26.46% A O J m p 2.87% y c' z 3.14% C N N A O y y T Q A N A q m m m s rL 0.43% 0 0 0 w X m |,# \i STYLF 2 ƒ¢ .■ !/| 1� �f E ({� %` �ƒ q $§ � ! | i!r » | ! � ! ƒ a ` � ! 7 ! !`£ § ) - A� {{ } \ \ ; • ! � ` 1 � p — _ f � \ \!�/ | ! - 7 : $= , . : . . . . . . . . 0 0 R o S � ° B 3 pt RS s �a u�na s o g - gua m a Jl o S R 3 no 0 3 - W 9y ga 2 ° 3 7A% 33 S o :916% 6 6 y 4B1° AM% ?R $q R _ 1� t6.68'h 79.1'1. 2 . 3 � .9 Se a K" s§- g § tl g s� �o m s s a 3 I -w �e �� asp a 82 � Fes; ` a a 93 1. As ea u° O °K 4 a -e 3 3 8 s° � 3 § � a s °x9a $ 3 - _ '� g % a°a � = ' '_ a ° �sd < (o 0 Q7<< OC CD p 7 v -CD a Q = D (D o Z N. ? N= _0 � , a f� a 0 °" 0 3 0 x 7 C CD 7 n Q 0 0 O O CD � o°i � m � c � -0 0 -000 � -<' m nm m Z I '« O nO D O CL (n� 3 � O" O. ZN <CD 7 ,7.. CD N O 7 c �' a .. < G' S .0-. D (n d N (C CD 0 �. C 7 7 7 CD d °" O C N ° o N (0p 03 =7 0 01 1 CD _ ° j 7 (D CD N cn 00 7 '-' CD 7 z CD CD j O_ 0 iU a I _ 0 0 CD 0 '< W N D O j 0 7 M M N n M W CD C1 (D + 7 0 _ =3 CL T c (n Q CD G a o C ° o o �'�CD CD 7 N N r — c m o � v - o o O0 N W 3 w: (n d (D (D 3 j �, N CCnn Cn N 7 .7. O ? 7 N C Cc a m p 7 , =t (D N 7 CD N X a C N �1 0 M N c N 2 CD 0 N D CT _. _' nom UCD o cn CD c (p W00 ° 33 �(D � a M a N = ?m r m 7 N a n 0 (D vm 53lnCn a7 < 70w < c2 0� _D r ° ° a x 3< . CD Ca D 3 D " n �-o CD CD o n c a 0 — -' � - CD 7 D 0 p N D c m m m m °. CD m c M. CL (n .07-. 7 N — N o 7 3 o 0 <. 3 N 0 CD (D p .. N �. N p� 0 "" N p CL 7 p' .. fU 7 m cd 7 W 0 M m 0 v 0 0 0 7 r n 7 `< w cl CD CD CJ N (D r 0 7r p 0 d p CD W m y °- N ^' S (ND 7 a 7 g N CL --I a 3 0 � m fD p (o � D m c c m 9' n 7 W 0 CL � 3cD — > 6ICDQ =3(n n 7 7 a M N 0 N 0 0 0 N 7 p . , < p CD N 7 CD .0. O (D C CO 7 CD r CD O I 7 a CD co r 4. y m 0 1 cn 3 o m n N a C' =3 CO D' � a 7 n 7 �. •"'i p < c r 7 CD c m 0 a 0 =3 _ j 7 a 7 n fl? 7 N N N N �. v0 0 CD = (n w U) 0 � v o O CD 3 CO N �. N a) CD I a ,0.. 7 S 0 CD 3 (O < 0 p p. m 3 O 7 7• CD 0 cy N CD d 0 3 a� w 0 0 < 7 CD CD < O a - CD C C: O .+ N a< CD ... �-7 I a a CD n' (n < E © $ E / } / / ) \ E I \ [ m - ® o . . . k ! X C \ { i 2 0 C:\ ® _ > > / \ 2 / \ j = a) ) a = E ! w / e & \ E ( ( } 0 \ / / / / o co $ _ R 0 k \ & E & \ E 2 m < ` _ § & % 4z - & � : n g [ \ \ ( & c 0 \ g ( c / 2 ) CDM a = n § 4 cj ƒ \ J CD CDmom cn ) 7 @ / & E $ - Ia) -0 � U) \ E / ± � 5 s ! E 0 $ } 0 W % 7 \/ /cl)! $ / W [ - Ioa) j � } a ƒ ® 0 ® ice < ! / (0 E; ! . ) / \ G ; = § CD / ` _0 E3 EE / oo Z c : - m _ / $ G E W � G0 \ JJ w ET m � C) ° CD ® M. m ? � ] /) \ ` \ / { k ; < E 0 E & s \\ \ \ \ > Er % . , § a < ® g = / � \ / / \ / § � ! , § a7 o ± K � CD « a § « [ ] ! J kCn / \ \ } / ( \ G / I , cpe $ E 0 ) D A k CO CD 3 / ) / m CD CD 2 _p \ E » \ - = = e { 3 / 7 ; ) J CO z \ \ g ƒ { D / J m \,. / \ cc cn f C - a J - 0 3�' 7 O D n@ O D -0 3 m X o- d 2 y -1 0- 7 _ G 7 CD 0 S 3 -0 7 i d 0 0 Con '0 C O S Con O S 07 .O-. N N 7 S ? �. C1 N 0 C 3 M. O •p �_.-O �. 3 CD 7 � 0 N �. .N-• ""' O. O N CCDD O .O_. p ��. ? CD CD .O-., CD O cn M fll .0. ._. o n O'L (D CD Cn (Q 2 3 fD -� O CD S ? (D fD " 7 N d S tD 0) !n S C) C fD M 0 3 CD j ,� CD .p CD c S -� o 3 O .0-' 3' 'fD' O y 7 �. -3i.�. C n d 3 (0 0 3. 0 3 0 0 rrt S S 0 S O 0 0 S C 3 0 CD j 3 3 •9 C1 0 7 -� ^ ' (D Q. O ^" (D T - C1 CD 0- 7 0. cn C0 Cn "+ w CD 3 CD y CD o m o v N 7 0 3 Q W X Cl ? W O O fU 0 M ag U O 0 0 Q 0 .y-F p C7 CD N ^ N CD CD C. D- CCD N CD < 3 S CD CD T C ... 7 N 0. Q Q O CD 3 "� .. C1 I � ^' O � N CD 0' N C M CD n < C"p C 0) (D N 3 m w O o N O'D 7 N N p O Cn Con 0 '0 + 7 N (n p CD p' 7 S CD .3-. 7 .3-.- j C'�. p Con �.•� N y j ^: 7 3 m 0 3 0 N 'O Co L1 3 fU C Con Cp ,dam.. 7 -0 N a 7- p y N _�'., I � d N CO N "a j to 3' .3-. a N .�. Oo o w w 3 CD - N 3 (D 0) o S N (0 3 `< CD = d O O 0 y n .d-' 3• a7 3 O 0 per' 3 CD CD 3 CD S CD ,.ter N 0 .d-. y N w fn CD -p 3 n. C1 CJ w S y 7 0 (D to i� j a O '0" 3 "0". 0 0 3 3 CD O N w N d �, O 3 CD N C2 O_ CD O y " - O d :-3' 3 N C1 N c n S .3-r :. 0) CS CD Cr-O O0 � 3 7 �CD _ (D <CD @ Cn to = C CD a CD Cr CD x 3 3 0 ... Cn Cn 3 < CD < C1 3 v 0 0 0 N 7 07 < CD 0 3 a CD d Cn (D 0 O.•G 3- C N O 0) Z p C p 0 m 0 7 CD O 0 Q M 3 3 M (D 3 CL 0 CD w CL O7 S 7 CD 3 a C a CD j C c 0" S 7 C% O 3 C? 2 .d-' C L '•" U l< Cn y N f2 O N `< 7 -p M M u Cn S -0. C1 d o cn ° a 3 3 Cn N N 0 0 N a m CD m C � � �. 0 3-0- 0 p� 0 O 0C0• Z p 7 .3-. L1 O 3 X 0 3 C CD Cn < O 0 l< p) ID m CD 3 0: .N-' CS fA 0 d -0 I `3< 0 M S N 3 Con dp_ 0 7 ZT @•� (a c' m o * °m v � F c o o cn � m cn a m c o M � y x 3 0 " -0 c c 3 CD cn 3 w o CD p d ( CD 0 0 m d m tp %;5, o o m 0 m N = CD m � 3 < o cn a Cn . d M M a a s c cn c m 3. 0 c < 7 3 0 Q. CD -° CD T : CD m n X _ CD O : m X m v N 3 �' Cc �( °p 0) 0 QC � En CD. •-� o CD N Cn d 3 0 0 3 () 3 O CD 7 CD C/1 p �: a ai m ° w N X � � m W ?D CD o sm o n o �' 3 m Co vi 1 =3 cn 0 CD S O Can " = C CD I CL y ch a Q m f CD i z t ! - } I ( � } \ CD CD =r -n ;7 F i 7 CD CD 0 -n r- 7 U.