The World of Ryan ALM Indexes
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Facts:  Ron Ryan, CFA was the former Director of Research at Lehman where he designed many of the popular Lehman bond indexes. Since he left Lehman, the Ryan index team has designed many indexes as solutions to traditional bond index problems, including several innovations:

               1st Liability Index
               1st Daily Bond Index
               1st Bond ETF Filing (FITRS)
               1st ESG Corporate Bond Index Series
               1st Constant Maturity Index Series (Treasury Yield Curve)
               1st Treasury Maturity Ladder Index Series (4 PowerShares ETFs)
               1st Constant Duration Index Series (Treasury STRIPS Yield Curve)
               1st Social Responsible Corporate Bond Index Series (4 ESG Indexes)


New Breed:   All of the Ryan Indexes are a new breed of bond indexes that correct traditional bond index problems, such as:

                Market Weighted   =  Don’t know amount outstanding due to stripping/ prepays
                Tracking Errors  =  Impossible to duplicate large bond indexes
                Large Portfolios  =  Creates pricing and liquidity problems

Ryan Indexes:   The current list of Ryan Indexes total 66 indexes to include:

                11   Treasury Yield Curve                                (Constant Maturities by Auction Issues)
                31   Treasury STRIPS Yield Curve                 (Constant Duration series from 1 to 30 years)
                  4   Treasury Maturity Ladder                        (PowerShares ETFs  for 1-5, 1-10, 1-20, 1-30 year)
                  4   ESG Indexes (Global)                                (1-3, 1-5, 1-10, 1-30 year)
                  1   FAS 158                                                        (Price Waterhouse Cooper yield curve index)
                  8   LDI                                                                 (Target Date LDI Index Series 2020 – 2070)
                  4   RAFI Corporate Indexes                           (Short, Intermediate, Long, Master)
                  3   RAFI High Yield Corporate                        (Short, Intermediate, Master)