A Long-Range Economic Look at the Year 2022

Economy & Bond Market

Federal Reserve & Labor Market

Earnings, Energy & Risk Appetite

Inflation

Economy & Bond Market

Trent D. Dysert, CFAAssociate Director of Research, Assistant Vice President, Portfolio ManagerInvestment Committee MemberNeil CraftClient Relationship ManagerNeil and Trent are registered representatives of ALPS Distributors, Inc.

Federal Reserve & Labor Market

Brian P. Shepardson, CFA, CICFirst Vice President and Portfolio ManagerSecretary and Assistant Treasurer James Advantage FundsInvestment Committee MemberNeil CraftClient Relationship ManagerNeil and Brian are registered representatives of ALPS Distributors, Inc.

Earnings, Energy & Risk Appetite

Moustapha Mounah, CFA, ERPResearch AnalystEnergy Risk Professional (ERP)—Certified by the Global Association of Risk Professionals (GARP)Investment Committee memberNeil CraftClient Relationship ManagerNeil Craft is a registered representative of ALPS Distributors, Inc.

Inflation

David W. James, CFASenior Vice President, Director of Research, Portfolio ManagerSenior Investment Committee MemberNeil CraftClient Relationship ManagerNeil Craft is a registered representative of ALPS Dist