Exhibit 1: Data on Five Corner Portfolios Expected Portfolio Weights, in % Expected Corner Standard Sharpe Return U.S. Portfolio Deviation Ratio Foreign Global U.S. Real (%) (%) Equities Equities Bonds Estate 1 10.2 14.1 0.5106 0.0 100.0 0.0 0.0 2 10.1 13.6 0.5221 42.7 57.3 0.0 0.0 3 9.7 12.1 0.5537 41.3 38.7 20.0 0.0 4 8.2 9.0 0.5778 38.4 12.9 36.7 12.0 5 7.8 8.9 0.5506 37.4 11.9 39.7 11.0 Risk-free rate = 3.0%