Ideas & Insights

The key is time in the market, not timing the market... A Brief History of the U.S. Financial Market $100,000,000 18 Recessionary Period DJIA first Terrorist Attacks crosses 18,000 Hypothetical Growth of $10,000 (S&P 500 Index, 12/31/1927-12/31/2015) 9/11/01 12/23/14 16 Dot-com Bubble Burst U.S. 10-year Treasury Yield 3/10/00 $10,000,000 14 Lehman Brothers Bankruptcy “Black Monday” 9/15/08 10/19/87

Apple Inc. IPO 10-Year U.S. Treasury Yield (%) Long-Term Capital $22/share Management bailout 12 12/12/80 “Nifty-Fifty” Buy & Hold Growth Stocks 9/23/98 $1,000,000 Led Market 1960s-1970s 10 Sam Walton Opened First Wal-Mart 7/2/62 Breakup of “Ma Bell” Mandated 1/8/82 8 Baby-Boom Generation Born Oil Embargo/Crisis $100,000 1946-1964 JFK Assassinated 1973 / 1979 Hypothetical Growth of $10,000 11/22/63 Stock Market Crash 6 “Black Tuesday” Bombing of 10/29/29 Pearl Harbor 12/7/41 Hypothetical Growth of $10,000 Statistics 4 $10,000 Maximum Value (12/31/2015) $23,598,423 Minimum Value (6/30/1932) $2,508 Cumulative Return (12/31/1927-12/31/2015) 235,884% 2 End of Gold Standard Annualized Return (12/31/1927-12/31/2015) 9.22% 6/5/33 $1,000 0 Jul-37 Jul-60 Jul-83 Jul-06 Apr-43 Apr-66 Apr-89 Apr-12 Oct-31 Oct-54 Oct-77 Oct-00 Jan-49 Jan-72 Jan-95 Jun-39 Jun-62 Jun-85 Jun-08 Dec-27 Dec-50 Dec-73 Dec-96 Feb-47 Feb-70 Feb-93 Dec-15 Aug-35 Aug-58 Aug-81 Aug-04 Sep-33 Sep-56 Sep-79 Sep-02 Nov-29 Nov-52 Nov-75 Nov-98 Mar-45 Mar-68 Mar-91 Mar-14 May-41 May-64 May-87 May-10

Growth of $10,000 Data Source: Bloomberg. U.S. stock market represented by the S&P 500 Index. S&P 500 Index is an unmanaged market capitalization weighted index used to measure 500 companies chosen for market size, liquidity and industry grouping, among other factors. Calculated using quarterly return data beginning at 12/31/1927. Returns are price-only through 12/31/1935. Total returns are utilized thereafter. 10-year U.S. Treasury Yields Data Source: Federal Reserve Board. Yields shown reflect quarter-end data. Recessionary periods defined by the National Bureau of Economic Research (NBER). Past performance does not guarantee future results. It is not possible to invest directly in an index. Please see reverse side for additional important disclosure information.

Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC. A Brief History of the U.S. Financial Markets

Markets move higher, lower and sideways – sometimes all three within the same week.

When fear and uncertainty grip the markets, we believe investors ought to take a step back, refocus and regain perspective. Volatility can create opportunity.

Talk to your financial advisor or visit www.aamlive.com to learn about potential investment opportunities in today’s environment.

Visit www.aamlive.com or contact your financial advisor to learn more.

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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.