We continue to advise that investors remain committed to a patient, long-term outlook and that the best way to do well in stocks is to use a disciplined, time-tested strategy that has the benefit of empirically tested results over a variety of market environments.

James O'Shaughnessy

Advise Benefit Best Best Way Committed Continue Disciplined Environments Investors Long-Term Market Outlook Over Patient Remain Results Stocks Strategy Tested Use Variety Way Well

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In closing, we are extremely enthusiastic about all of our strategic plans. We remain committed to our long-term strategy. Simply stated, we believe that our core objectives position us well for positive results going forward.

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