Standard & Poor’s 500 Indexis an unmanaged capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
FTSE NAREIT Equity Indexis an unmanaged market cap weighted index comprised of 151 equity REITs. The NAREIT Equity index is available daily. The NAREIT Equity index includes healthcare and net leaseREITs, but excludes real estate operating companies. The requirement for inclusion in this index is for a company to be an exchange listed equity REIT. There is no minimum size or liquidity requirement for anequity REIT to be included in this index.
Citigroup Treasury 10+ Years Indexcomputes returns for the 10-year on-the-run Treasury that has been in existence for the entire month.Russell 3000 IndexA market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of the entire U.S. stock market.©2018 CBRE Clarion Securities LLC. All rights reserved. The views expressed represent the opinions of CBRE Clarion which are subject to change and are not intended as a forecast or guarantee of future results.Stated information is provided for informational purposes only, and should not be perceived as investment advice or a recommendation for any security. It is derived from proprietary and non-proprietary sourceswhich have not been independently verified for accuracy or completeness. While CBRE Clarion believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness,accuracy, or reliability. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and management’s view as of the time of thesestatements. Accordingly, such statements are inherently speculative as they are based on assumptions which may involve known and unknown risks and uncertainties. Actual results, performance or events maydiffer materially from those expressed or implied in such statements.
Past performance of various investment strategies, sectors, vehicles and indices are not indicative of future results. Investing in real estate securities involves risk including to potential loss of principal. Real estateequities are subject to risks similar to those associated with the direct ownership of real estate. Portfolios concentrated inreal estate securities may experience price volatility and other risks associated with non-diversification. While equities may offer the potential for greater long-term growth than some debt securities, they generally have higher volatility. International investments may involve risk of capital loss fromunfavorablefluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. There is no guarantee that risk can be managedsuccessfully. There are no assurances performance will match or outperform any particular benchmark. Indices are unmanaged andnot available for direct investment. PA02202018