Segmentation 1

Segmentation 2

Segmentation 3

Segmentation 3 (adjusted)

Exchangeable

19,427.12

3247.23

2474.16

971.43

Independent

22,319.77

3441.29

2929.17

797.99

AR(1)

24,212.67

3835.33

3003.22

1098.22

Non-Structured

24,832.02

3913.88

3567.19

2756.34