Excessive leverage in banking and housing, and then by governments via quantitative easing, has led to a weakened global economy – with the years ahead forecasted to have weak returns and ongoing volatility
![](https://thewire.blob.core.windows.net/web/images/default-source/default-album/jetty.png?sfvrsn=28bbb65a_0)
“May you live in interesting times”, Robert Kennedy, 1966
Misquoted as a Chinese curse, Kennedy’s prophesy is perfectly suited to investors 50 years later in 2016. Excessive leverage first in banking and housing and then by governments via QE has led to a weakened global economy struggling against significant headwinds, including a political shift toward nationalism across the globe. More specifically for investors, this has created very volatile returns in the past few years and the prospect of weak returns and ongoing volatility in years ahead.
Past 10 years’ returns
The chart below shows the average returns per year across a range of bonds, equities and property asset classes.
Figure 1: Bonds and residential property dominate returns over the past 10 years
Total returns from superannuation investor perspective, net of all costs and inclusive of imputation credit benefits.
Source: S&P, Core data The chart uses “total” return as it includes income such as dividends, rental income, and it includes the tax benefits of imputation credits for a superannuation investor. Property returns are also net of stamp duty, renovation costs and property management costs. That is, it is a fair, like for like comparison from the perspective of a superannuation investor (non super investors would have received lower returns from Australian equities and listed property but all other asset classes would be the same).
As shown in Figure 1, the lower volatility asset classes of bonds and residential property have also been the strongest returning investments, even after taking into account dividend imputation credits.
To adjust for the large differences in risk between the asset classes, we have diluted the riskier assets with a cash holding so that all the asset class returns represent the same risk. For example, the Global Property returns in Figure 2 are the result of holding 42% in global property and 58% in cash, resulting in the same risk as Investment Grade Corporate Bonds. The same is repeated for all the asset classes in Figure 2.
Figure 2: Risk adjusted returns
Past 10 years returns adjusted for risk by reducing all asset classes to the same level of risk as Investment Grade Corporate Bonds
![](data:image/png;base64,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)
Source: S&P, Core data, FIIG Securities
Most forecasters expect high yield bonds and residential property to maintain this leadership position for several years ahead, as shown in Figure 3 below.
Figure 3: Analysts’ average forecasted returns next 10 years
Total returns, including imputation benefits, all converted into AUD
![](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAA7gAAAG7CAYAAADpMjncAAAgAElEQVR4Aey9C7yVVZ3/vwwHAh1ypCEhJqeGjGjswlAJRTIyWUM2WTERJleTmi6DWP0pX8UIjdANpFGxBIXCamqQstIJJ0yGIitinLFIjVKJwOjGaJGQwP/1Xr/Wnuds9rlszt7n7PWc93q9ztl7P/f1Xut5nvVZ3+/6rhOOHj16NJgkIAEJSEACEpCABCQgAQlIQAKZE3hc5tfv5UtAAhKQgAQkIAEJSEACEpCABCIBBa4VQQISkIAEJCABCUhAAhKQgARKQUCBW4piNBMSkIAEJCABCUhAAhKQgAQkoMC1DkhAAhKQgAQkIAEJSEACEpBAKQgocEtRjGZCAhKQgAQkIAEJSEACEpCABBS41gEJSEACEpCABCQgAQlIQAISKAUBBW4pitFMSEACEpCABCQgAQlIQAISkIAC1zogAQlIQAISkIAEJCABCUhAAqUgoMAtRTGaCQlIQAISkIAEJCABCUhAAhJQ4FoHJCABCUhAAhKQgAQkIAEJSKAUBBS4pShGMyEBCUhAAhKQgAQkIAEJSEACClzrgAQkIAEJSEACEpCABCQgAQmUgoACtxTFaCYkIAEJSEACEpCABCQgAQlIQIFrHZCABCQgAQlIQAISkIAEJCCBUhA4sd5cnHDCCfXu4vYSkIAEJCABCUhAAhKQgAQkIIG6CBw9erSu7dm4boF7PCep+6rcQQISkIAEJCABCUhAAhKQgAQkUCcBXZTrBObmEpCABCQgAQlIQAISkIAEJNCaBBS4rVkuXpUEJCABCUhAAhKQgAQkIAEJ1ElAgVsnMDeXgAQkIAEJSEACEpCABCQggdYkoMBtzXLxqiQgAQlIQAISkIAEJCABCUigTgIK3DqBubkEJCABCUhAAhKQgAQkIAEJtCYBBW5rlotXJQEJSEACEpCABCQgAQlIQAJ1ElDg1gnMzSUgAQlIQAISkIAEJCABCUigNQkocFuzXLwqCUhAAhKQgAQkIAEJSEACEqiTgAK3TmBuLgEJSEACEpCABCQgAQlIQAKtSUCB25rl4lVJQAISkIAEJCABCUhAAhKQQJ0EFLh1AnNzCUhAAhKQgAQkIAEJSEACEmhNAgrc1iwXr0oCEpCABCQgAQlIQAISkIAE6iSgwK0TmJtLQAISkIAEJCABCUhAAhKQQGsSUOC2Zrl4VRKQgAQkIAEJSEACEpCABCRQJwEFbp3A3FwCEpCABCQgAQlIQAISkIAEWpOAArc1y8WrkoAEJCABCUhAAhKQgAQkIIE6CShw6wTm5hKQgAQkIAEJSEACEpCABCTQmgQUuK1ZLl6VBCQgAQlIQAISkIAEJCABCdRJQIFbJzA3l4AEJCABCUhAAhKQgAQkIIHWJKDAbc1y8aokIAEJSEACEpCABCQgAQlIoE4CCtw6gbm5BCQgAQlIQAISkIAEJCABCbQmAQVua5aLVyUBCUhAAhKQgAQkIAEJSEACdRJQ4NYJzM0lIAEJSEACEpCABCQgAQlIoDUJKHBbs1y8KglIQAISkIAEJCABCUhAAhKok4ACt05gbi4BCUhAAhKQgAQkIAEJSEACrUlAgdua5eJVSUACEpCABCQgAQlIQAISkECdBBS4dQJzcwlIQAISkIAEJCABCUhAAhJoTQIK3NYsF69KAhKQgAQkIAEJSEACEpCABOokoMCtE5ibS0ACEpCABCQgAQlIQAISkEBrElDgtma5eFUSkIAEJCABCUhAAhKQgAQkUCcBBW6dwNxcAhKQgAQkIAEJSEACEpCABFqTgAK3NcvFq5KABCQgAQlIQAISkIAEJCCBOgkocOsE5uYSkIAEJCABCUhAAhKQgAQk0JoEFLitWS5elQQkIAEJSEACEpCABCQgAQnUSUCBWycwN5eABCQgAQlIQAISkIAEJCCB1iSgwG3NcvGqJCABCUhAAhKQgAQkIAEJSKBOAgrcOoG5uQQkIAEJSEACEpCABCQgAQm0JgEFbmuWi1clAQlIQAISkIAEJCABCUhAAnUSUODWCczNJSABCUhAAhKQgAQkIAEJSKA1CShwW7NcvCoJSEACEpCABCQgAQlIQAISqJPAiXVu3yc3X758edi2bVsl72PGjAnz588P/fr1C+vXrw8bNmyI6+bOnRsmTpxY2e7hhx8O8+bNCwsWLAijRo2qLPeLBCQgAQlIQAISkIAEJCABCTSegAK3E6aI2/vvvz+sXbs29O/fPyTR+pnPfCacddZZYevWrXHdrl27wsqVK8P48ePjdhx29erVYdKkSYrbThi7WgISkIAEJCABCUhAAhKQQCMI6KLcAcWDBw+GX/ziF+G1r31tRbQOHjw4vOIVrwgPPfRQ2Lt3bxg+fHi05A4dOjQcOnQo7N+/Px4R4XvkyJEwbdq0Ds7gKglIQAISkIAEJCABCUhAAhJoFAEFbgckBwwYEJ74xCdG9+TDhw/HLRG927dvD6eddloUtrV237lzZ1i3bl2YMWNGu9vU2s9lEpCABCQgAQlIQAISkIAEJHD8BBS4nbB74xvfGL7//e+HN7/5zQHhyuepp54aLbNYbffs2RMQv/v27YtW3oEDB4YbbrghTJ06NbDeJAEJSEACEpCABCQgAQlIQAI9Q+CEo0ePHu2ZU+V7ljTuFuvtSSedFK644oqKeC0GmVq4cGH43ve+Fx599NE4PnfRokVR/BaDUuVLwSuXgAQkIAEJSEACEpCABCTQ2gQUuJ2UTxKwiFciIaffkydPDhdeeGGbvRl3S/CpJUuWhKVLl4Zzzz03jBs3LiB0+V6MsNxmxy782L17dzhw4EAXtnQTCUhAAhKQgAQk0HsEBg0aFEaMGNF7F+CZJSCBPk3AKModFD8uyTfffHNI4pZNp0yZEgNLrVmzJorW5IaMlXfVqlVxSiCM4vwePXp0YBwvFlwEaneSL4ru0HNfCUhAAhKQgAQkIAEJSKAvEHAMbielfPLJJ8cxt8XNELUnnti2b4ApgWbOnOmUQEVQfpeABCQgAQlIQAISkIAEJNCDBBS4HcBGyDKe9rbbbmuz1Re/+MUocE855ZS4HLdlpgSaMGFC/I3VlumEduzYEVLU5bFjx7Y5hj8kIAEJSEACEpCABCQgAQlIoLEEHIPbCc9igKm0aTFoFG7My5Yti+Nsk7sy27E8BZmqNV43HctPCUhAAhKQgAQkIAEJSEACEmgMAQVuYzh6FAlIQAISkIAEJCABCUhAAhLoZQK6KPdyAXh6CUhAAhKQgAQkIAEJSEACEmgMAQVuYzh6FAlIQAISkIAEJCABCUhAAhLoZQIK3F4uAE8vAQlIQAISkIAEJCABCUhAAo0hoMBtDEePIgEJSEACEpCABCQgAQlIQAK9TECB28sF4OklIAEJSEACEpCABCQgAQlIoDEEFLiN4ehRJCABCUhAAhKQgAQkIAEJSKCXCShwe7kAPL0EJCABCUhAAhKQgAQkIAEJNIaAArcxHD2KBCQgAQlIQAISkIAEJCABCfQyAQVuLxeAp5eABCQgAQlIQAISkIAEJCCBxhBQ4DaGo0eRgAQkIAEJSEACEpCABCQggV4moMDt5QLw9BKQgAQkIAEJSEACEpCABCTQGAInNuYw5TzKzp07w6JFi8Lhw4ePyeCYMWPC/Pnzw+c///mwYcOGuH7u3Llh4sSJlW0ffvjhMG/evLBgwYIwatSoynK/SEACEpCABCQgAQlIQAISkEDjCShwO2A6cuTIsG7dujZbJNE6duzYcP/994etW7eGtWvXhl27doWVK1eG8ePHh/79+8d9Vq9eHSZNmqS4bUPQHxKQgAQkIAEJSEACEpCABJpDQBflOrl+73vfCyeeeGIYPXp02LdvXxg+fHjo169fGDp0aDh06FDYv39/PCLC98iRI2HatGl1nsHNJSABCUhAAhKQgAQkIAEJSOB4CChw66B28ODB8OUvfzmcffbZUdC2tyuuzVh+Z8yYEcVve9u5XAISkIAEJCABCUhAAhKQgAQaR0CBWwfLn/zkJ4E/3JNJWG337NkTx+hizcU1eeDAgeGGG24IU6dO7VAE13FaN5WABCQgAQlIQAISkIAEJCCBLhBwDG4XIKVNvvjFL4bnPOc54elPf3pcxBhdxtzOmjUr/l64cGHYuHFjdF8eMWJEmD59ehS/KSAVrswmCUhAAhKQgAQkIAEJSEACEmgOgROOHj16tDmHLtdRU3CpmTNntomUXMwl424/85nPhCVLloSlS5eGc889N4wbNy5GYuZ7McJycb+ufN+9e3c4cOBAVzZ1GwlIQAISkIAEJNBrBAYNGhTo6DdJQAIS6A0CWnC7SP22224LJ598crTY1toFAbxq1ao4JRB9BvwmENWAAQMCFlwEaneSL4ru0HNfCUhAAhKQgAQkIAEJSKAvEHAMbhdKmeBS27dvDy984QsrUwBV78aUQFh3ne+2moy/JSABCUhAAhKQgAQkIAEJ9AwBBW4XOH/3u98NP//5z6PLca3N169fH6cEmjBhQlyN1Xbw4MFhx44dIYnjFJiq1v49vuyEE0Jo9l+PZ8oTSkACEpCABCQgAQlIQAJ9nYACt5MakKYGesYznhGGDBlyzNZMCbRp06Y2UwIhcOfMmROuv/76MHv27OiqrGX3GHQukIAEJCABCUhAAhKQgAQk0FACBplqKM5MDob1ttnJ2GXNJuzxJSABCUhAAhKQgAQkIIEqAlpwq4D4UwISkIAEJCABCUhAAhKQgATyJKDAzbPcvGoJSEACEpCABCQgAQlIQAISqCKgwK0C4k8JSEACEpCABCQgAQlIQAISyJOAAjfPcvOqJSABCUhAAhKQgAQkIAEJSKCKgAK3Cog/JSABCUhAAhKQgAQkIAEJSCBPAgrcPMvNq5aABCQgAQlIQAISkIAEJCCBKgIK3Cog/pSABCQgAQlIQAISkIAEJCCBPAkocPMsN69aAhKQgAQkIAEJSEACEpCABKoIKHCrgPhTAhKQgAQkIAEJSEACEpCABPIkoMDNs9y8aglIQAISkIAEJCABCUhAAhKoIqDArQLiTwlIQAISkIAEJCABCUhAAhLIk4ACN89y86olIAEJSEACEpCABCQgAQlIoIrAiVW//dkOgeXLl4dt27ZV1k6ePDlceOGFYf369WHDhg1x+dy5c8PEiRMr2zz88MNh3rx5YcGCBWHUqFGV5X6RgAQkIAEJSEACEpCABCQggcYTUOB2wvTgwYNh0aJF4dRTTw3r1q0L/fr1q+yxc+fOsHXr1rB27dqwa9eusHLlyjB+/PjQv3//uM3q1avDpEmTFLcVYr375fzFtzf9Ar6w8Jymn8MTSEACEpCABCQgAQlIQAK1CeiiXJtLZemXvvSlKG7nz5/fRtyywb59+8Lw4cPj8qFDh4ZDhw6F/fv3x30RvkeOHAnTpk2rHMsvEpCABCQgAQlIQAISkIAEJNA8AgrcDthivd2+fXsYO3bsMeK2g90Cll2svTNmzKhrv46O6ToJSEACEpCABCQgAQlIQAIS6JiALsod8EHg7t27N9x7773h+uuvD4cPH45bDxkyJCxbtixgtd2zZ09cjjUX1+SBAweGFStWhKlTp8b1HRzeVRKQgAQkIAEJSEACEpCABCTQQAIK3C7AfOSRR+I4W8bfpjG573jHO6LIZcztrFmz4lEWLlwYNm7cGEaPHh1GjBgRpk+fHsXvmDFjQi0X5y6curLJ7t27w4EDByq/u/PljO7s3MV977vvvi5uWa7N+mq+y1WK5kYCEpCABLpDYNCgQbEd1J1juK8EJCCB4yWgwO0CuaKL8oABA8J5550X1qxZE8fbTpkyJfBHYtzt5s2bw5IlS8LSpUvDRRddFMaNGxeDVG3ZsqVNhOUunLbNJgjmnNIZZ/SEjK6XyO56d6h7+9bMd93ZcAcJSEACEpCABCQgAQlkScAxuMdRbLgmP/roo+FXv/pVZW+mBFq1alV461vfGo4ePRr4jSUXQYwFFwusSQISkIAEJCABCUhAAhKQgASaR0CB2wFbxOmwYcOOEaeMtz3llFPC0572tMreTAk0c+ZMpwSqEPGLBCQgAQlIQAISkIAEJCCBniWgwO2Ad3JHvvXWW8M999wTt0yW2he+8IWV+W7Xr18fpwSaMGFC3Ib9Bg8eHHbs2BHH7KZIzB2cylUSkIAEJCABCUhAAhKQgAQk0E0CjsHtBCBBpIiUvHjx4sqWc+fOrYynZUqgTZs2xXG2BKEiIXDnzJkTl1133XVh8uTJWnYr9PwiAQlIQAISkIAEJCABCUigOQROOMqAUVPfInDCCc3PbwtWq/MX3970fH9h4TlNP4cnkIAEJCABCUhAAhKQgARqE9BFuTYXl0pAAhKQgAQkIAEJSEACEpBAZgQUuJkVmJcrAQlIQAISkIAEJCABCUhAArUJKHBrc3GpBCQgAQlIQAISkIAEJCABCWRGQIGbWYF5uRKQgAQkIAEJSEACEpCABCRQm4ACtzYXl0pAAhKQgAQkIAEJSEACEpBAZgQUuJkVmJcrAQlIQAISkIAEJCABCUhAArUJKHBrc3GpBCQgAQlIQAISkIAEJCABCWRGQIGbWYF5uRKQgAQkIAEJSEACEpCABCRQm4ACtzYXl0pAAhKQgAQkIAEJSEACEpBAZgQUuJkVmJcrAQlIQAISkIAEJCABCUhAArUJnFh7cR5Lly9fHrZt21bzYocMGRKWLVsW+vfvX3N9X154/qJNTc/+F5p+Bk8gAQnUInD+4ttrLW7Ysi8sPKdhx/JAEpCABCQgAQlIoNEEshW469evb1fcAun0008P/fr16zYvzrNhw4ZjjrNw4cIwatSoUFw/d+7cMHHixMq2Dz/8cJg3b15YsGBB3Laywi8SkIAEJCABCUhAAhKQgAQk0HACWQpchOMtt9wSqgVlw+n84YBjxowJ8+fPP0Yw79y5M2zdujWsXbs27Nq1K6xcuTKMHz++YjVevXp1mDRpkuK2WQXjcSUgAQlIQAISkIAEJCABCRQIZD0G97TTTitkpee/7tu3LwwfPjwK36FDh4ZDhw6F/fv3xwtB+B45ciRMmzat5y/MM0pAAhKQgAQkIAEJSEACEuiDBLIUuAMGDAjDhg0LDz30UEsWGZbddevWhRkzZhxj9W3JC/aiJCABCUhAAhKQgAQkIAEJlIBAli7KCFzchm+66aY2LsHNKo/t27eH6dOnVw6fXKOx2u7ZsyccPnw4YM0loNXAgQPDihUrwtSpUwPrTRKQgAQkIAEJSEACEpCABCTQMwSyFLigmTJlShz3OmvWrJqk2hs3W3PjDhZyHv5SwvX46quvjj8JKMWY23QNBJ7auHFjGD16dBgxYkQUxYjfRlzL7t27w4EDB9JltPznfffd1/LX2IwL7Kv5bgZLj9maBKzjrVkuXpUEWonAoEGDYjuola7Ja5GABPoOgSwFbopOfPDgwXZL6sEHH4yW1UZEUi6eBEF75513xgjOEyZMiOI3CWDE7+bNm8OSJUvC0qVLw0UXXRTGjRsXFi1aFLZs2dImwnLxmF35jmBuXNrduEO1c6QzzjijnTW9ubiv5rs3mXvunifQ3Hremvd2z1P2jBKQgAQkIAEJtCaBLAXu4MGDw5o1a3qN6FOe8pQoZLHOJgGN6F61alWcEujo0aOB31hykzs1FliTBCQgAQlIQAISkIAEJCABCTSPQJZBppqHo2tHZkqg6nl2mRJo5syZTgnUNYRuJQEJSEACEpCABCQgAQlIoOEEshS4uCZfdtll4Y477mg4kOIBOQ/uxgSQSgk35G3btoXzzjuvYr1dv359nBIIl2USVluszDt27AgcgyBVY8eOTYfwUwISkIAEJCABCUhAAhKQgASaQCBLF2VE4969e0Oz58FFqDLe7JJLLqmgP+mkk2KU5BQhmSmBNm3aFMfZJndl9pszZ05cdt1114XJkydr2a0Q9IsEJCABCUhAAhKQgAQkIIHmEMhS4GIdPfPMM8M111wTli1bFqfnaQ6e/xetOQWRqnWOkSNHhmuvvfaYVSxnLlyTBCQgAQlIQAISkIAEJCABCfQMgSwFLmguvfTSsHz58soUPdW4GjE1T/Ux/S0BCUhAAhKQgAQkIAEJSEACrUsgS4Hbm9MEtW5RemUSkEAbAiec0OZnU34cPdqUw3pQCUhAAhKQgAQkIIHjI5ClwO3taYKOD7V7SUACEpCABCQgAQlIQAISkEAzCWQZRbmZQDy2BCQgAQlIQAISkIAEJCABCeRJQIGbZ7l51RKQgAQkIAEJSEACEpCABCRQRSBLF+WujMEdMmRI0yMsV7H0pwRak4BjUVuzXLwqCUhAAhKQgAQkIIGGE8jSgss8s8OGDWsXBvPOXnXVVU2dPqjdk7tCAhKQgAQkIAEJSEACEpCABHqFQJYWXATukiVLagI7ePBgWLRoUbjjjjvCxIkTa27jQglIQAISkIAEJCABCUhAAhIoH4EsLbgdFQPi97zzzgs33XRTOHToUEebuk4CEpCABCQgAQlIQAISkIAESkSgdAKXstmzZ0+JisisSEACEpCABCQgAQlIQAISkEBXCGTpopzckB944IF288g43P79+7e73hUSkIAEJFAeAucvvr2pmfnCwnOaenwPLgEJSEACEpBAYwhkacFF4O7du7ddAmPGjAnTpk1rd/3xrti6dWu44IILwtvf/vaK+/P69evjMpYz7reYiPY8e/bscM899xQX+10CEpCABCQgAQlIQAISkIAEmkAgSwvu4MGDw5o1a5qAo/1DIlZXrVoVnv70p4df/epXccOdO3cGRO/atWvDrl27wsqVK8P48eMrluPVq1eHSZMmhVGjRrV/YNdIQAISkIAEJCABCUhAAhKQQEMIZGvBveyyy46xmCYiWFU/8pGPhMOHD6dF3f5MYvXMM8+sHGvfvn1h+PDhoV+/fmHo0KHRqrt///64HuF75MiRpliSKxfgFwlIQAISkIAEJCABCUhAAhKoEMhS4Fauvp0viM4HH3ywYQIXS+0Pf/jDcO6557ZzxraL2X7dunVhxowZUfy2XesvCUhAAhKQgAQkIAEJSEACEmgGgaxclHETnjdvXmAMLum6666Lf7XAMA4Xy2p3E+e64YYbwtSpU6OVtng8rLZEbMZSjDWXoFYDBw4MK1asqLl9cV+/S0ACEpCABCQgAQlIQAISkEBjCWQlcBGRjz32WKcETjrppIZZT7/73e+GRx55JI6trT7xyJEj4/JZs2bFVQsXLgwbN24Mo0ePDiNGjAjTp0+P4hexPX/+/G4J7t27d4cDBw5UX0LL/r7vvvta9tqaeWGtmO8zmpnhPxzbfPcA5BY5RSuWdU+g6av57gm2nqN8BAYNGhTbQeXLmTmSgARyIJCVwEVQ4vqbpgnCZXjixIlN45wCSy1YsKASOKr6ZFOmTAn8kRh3u3nz5rBkyZKwdOnScNFFF4Vx48aFRYsWhS1btnTrWhHMjUu7G3eodo50xhk9IavaOXm7i/tqvtsF0rAVrVneDcteuwdqzXw3t563Zp4por6a73arpyskIAEJSEACfZJAVgI3ldCAAQOiiEy/m/X5ve99L4rpxYsXH3MKrLZz586tiNaiGD569GjgN5ZcrhULLhZYkwQkIAEJSEACEpCABCQgAQk0j0CWArd5ONoemSl/+CsmIjRjpV22bFkbqy5RlmfOnBmnBELcmiQgAQlIQAISkIAEJCABCUigZwlkG0UZETl79uxwwQUXxL80LRDuyx1NIdQMvIhepgSaMGFCPDxWW+bq3bFjR7QAb9++PYwdO7YZp/aYEpCABCQgAQlIQAISkIAEJPAHAtkKXCymz3rWs+KY3Le97W2VAk0uwdu2bWvYNEGVg9f4wpRAmzZtahPUimuYM2dOuP7666MIx1V51KhRNfZ2kQQkIAEJSEACEpCABCQgAQk0ikCWLspYb+++++5A8KdaUwExDy5uxEzfU2t9d+AVg0pxHAJfXXvttcccMgXEOmaFCyQgAQlIQAISkIAEJCABCUigKQSyteAyFdCpp57aFCgeVAISkIAEJCABCUhAAhKQgATyI5ClwE1jXG+77baaxO+8885w+umnN9x6W/NkLpSABCQgAQlIQAISkIAEJCCBliCQpYtyGuPK/LK33nprBeT06dMr3xcuXKjArdDwiwQkIAEJSEACEpCABCQggfITyNKCS7EwxvWaa66J88wWiwnX5RUrVhjUqQjF7xKQgAQkIAEJSEACEpCABPoAgSwtuKlcmIpnzZo16aefEpCABCQgAQlIQAISkIAEJNCHCWRrwe2ozJi659JLLw2HDh3qaDPXSUACEpCABCQgAQlIQAISkECJCGRnwV2+fHlgjlvSmDFjwvz58ytjbYvrhgwZUqJiMisSkIAEJCCBtgTOX3x72wVN+PWFhec04ageUgISkIAEJNA8AlkJ3PXr11fELUi2b98errzyyvDCF76wMhctY3CvuOKKMHTo0OZR88gSkIAEJCABCUhAAhKQgAQk0HIEshG4Bw8ejIJ28uTJ4cILL4wgH3744TBv3ry4vNqa23KkvSAJSEACEpCABCQgAQlIQAISaCqBrATu3r17w4wZMypACDJ15plnhiNHjrRxVa5s4BcJSEACEpCABCQgAQlIQAIS6DMEShFk6rTTTquMw+0zJWdGJSABCUhAAhKQgAQkIAEJSKANgWwsuOmqFy9enL62+bz11lvb/G6Uy3Jyg8ZFOqWFCxdW5tllXPCGDRviqrlz54aJEyemzULad8GCBZXtKyv9IgEJSEACEpCABCQgAQlIQAINJZCdwO1q7h988MFw+PDhbll2EbUf+MAHQlGgImiXLVsWA1khYLdu3RrWrl0bdu3aFVauXBnGjx8f+vfvHy9z9erVYdKkSYrbrhaa20lAAhKQgAQkIAEJSEACEugGgWwELuNt16xZ042s1r/rgAEDwpIlS9rseO6554Zbbrkl/OpXv4p/w5/SoRsAACAASURBVIcPjyKaqM3Mu7t///4YwRnhy9jgadOmtdnfHxKQgAQkIAEJSEACEpCABCTQHAKlGIPbHDS1j7pv377w2GOP1V75h6U7d+4M69atiwGx+vXr1+G2rpSABCQgAQlIQAISkIAEJCCBxhBQ4NbBEZflG264ITznOc8JT3/606Olds+ePdEVGuGLa/LAgQPjNlOnTnUu3jrYuqkEJCABCUhAAhKQgAQkIIHuEsjGRbm7GT3e/VOgqBRkqhi8auTIkXHM7axZs+LhCT61cePGMHr06DBixIgwffr0KH6L+xzvdbifBCQgAQlIQAISkIAEJCABCXRMQIHbMZ9QPfaXsbUI1xQxecqUKYE/Eus2b94cx+0uXbo0XHTRRWHcuHFh0aJFYcuWLW0iLHdy2mNW7969Oxw4cOCY5a264L777mvVS2vqdbVivs9oao7/38HNdw9AbpFTtGJZ9wQa890TlD1HWQgMGjQodvSXJT/mQwISyIuAArfO8iJK8p133hm2bdsWJkyYUInSjKV31apVMeLy0aNH4xRBWHIJVIUFF4HanYRFuHGpe9fSles444yekFVduZLiNn0130UGzfnemuXdnLwWj9qa+W5uPW/NPFMqfTHfzc0zVFu3vIt3ot8lIAEJSEAC/0cgG4G7fPnyKCr/79I7/tZMt+CnPOUp4YEHHmhzAUwJNHPmzDglEGLXJAEJSEACEpCABCQgAQlIQAI9SyCLIFOMf/3FL35RF5k0D25dO1VtTDTkSy+9NE7/k1ax7Oabbw5jx46tWG+ZG5cpgbDokrDa4tq8Y8eOwLVv3749bp+O4acEJCABCUhAAhKQgAQkIAEJNJ5AFhbcWvPRNh7FsUesDiKVtiCY1KhRo+JPBO+mTZviONs0JRDXO2fOnLjsuuuuC5MnT65sn47hpwQkIAEJSEACEpCABCQgAQk0lkAWArexWa7vaMUgUrX2RARfe+21x6xiOXPhmiQggd4hcP6iTU0/8ReafgZPIAEJSEACEpCABCRQD4FsBS6uv0Qnrh4LmzI/ZMiQsGzZsjg3bVrmpwQkIAEJSEACEpCABCQgAQmUl0AWY3Br4b/mmmvaFbcnnXRSeN/73qe4rQXOZRKQgAQkIAEJSEACEpCABEpKIEuBS5Tiu+++O85F++lPfzosXrw4nHbaaWHt2rWB3y972cvCbbfdVtIiM1sSkIAEJCABCUhAAhKQgAQkUItAlgI3ZQRRWys997nPjZGLDx06VGu1yyQgAQlIQAISkIAEJCABCUighASyFripPIYOHRqn8tm/f39ctG/fvvD73/8+rfZTAhKQgAQkIAEJSEACEpCABPoAgSyDTDHH7Jlnnhm2bdsWp99J885ecskllSJjap7+/ftXfvtFAhKQgAQkIAEJSEACEpCABMpNIFsL7llnnRU2b94csNYicN/97nfHT4qLCMqve93ryl1y5k4CEpCABCQgAQlIQAISkIAE2hDI0oJLDsaPHx//Um6w6q5Zsyb99FMCEpCABCQgAQlIQAISkIAE+hiBbC24fayczK4EJCABCUhAAhKQgAQkIAEJdEJAgdsJIFdLQAISkIAEJCABCUhAAhKQQB4EsnRRZh7cefPmhYMHD7ZLmXG4y5YtM9BUu4RcIQEJSEACEpCABCQgAQlIoFwEsrTgElRq2LBh7ZYEEZSvuuqqhohbxPTs2bPDBRdcEP8uvvjiGNgqnXz9+vWVdXfccUdaHD/Tvvfcc0+b5f6QgAQkIAEJSEACEpCABCQggcYTyNKCi8BdsmRJTRpYdRctWhQQmxMnTqy5TVcXcqwPfOADYcGCBXE6onTs97///dE6vGvXrrB169awdu3awPeVK1fGwFdpeqLVq1eHSZMmxX27ek63k4AEJCABCUhAAhKQgAQkIIHjI5ClBbejrCJ+zzvvvHDTTTeFQ4cOdbRpp+uSkB41alTcNh37l7/8Zfjxj38cLbnDhw8P/fr1C0OHDo3n279/f9wW4XvkyJEwbdq0Ts/jBhKQgAQkIAEJSEACEpCABCTQfQKlE7gg2bNnT/fJtHMEhOwTnvCEcOqpp7azRQg7d+4M69atCzNmzIjit90NXSEBCUhAAhKQgAQkIAEJSEACDSOQpYtychV+4IEH2gXBONzkKtzuRsex4q677gonnnhiOOWUU6LVFjF9+PDhaM3lfAMHDgwrVqwIU6dOjeuP4xTuIgEJSEACEpCABCQgAQlIQALHQSBbgbt37952sztmzJimuAYTNOqWW24JM2fOjOJ55MiRccztrFmz4rUsXLgwbNy4MYwePTqMGDEiTJ8+PYpfrmf+/Plac9stMVdIQAISkIAEJCABCUhAAhLoPoEsBe7gwYPDmjVrup/7Oo6QAk4961nPChMmTKjsOWXKlMAfiXG3mzdvjgGwli5dGi666KIwbty4GPRqy5Yt3Qp6tXv37nDgwIHKeVv9y3333dfql9iU62vFfP9/izY1Ja/Fg37I8i7iKPX3VqzjPQHcfPcEZc9RFgKDBg2KHf1lyY/5kIAE8iKQpcDtDcTXXHNNeOSRR8Lll19e0xKLdXfVqlUx4vLRo0cDv7HkEpgKCy4CtTsJi3DjUveupSvXccYZZ3Rlsx7exnw3C7jl3Syyx3Pc5tbz1ixrOPXFfDc3z1Bt3fI+nnvDfSQgAQlIoC8QyFrgLl++PGzbtq1mOQ0ZMiRO5dOIcbjMdfuDH/wgXHHFFe2O62VKIFyXibiMuDVJQAISkIAEJCABCUhAAhKQQM8SyDaKMqKzPXELwtNPP72mpbVevJyHcbWIWyIo10psw5RAyXUZqy1u1Dt27Ai4Nm/fvj2MHTu21q4uk4AEJCABCUhAAhKQgAQkIIEGEcjSgpuCPc2dO7db41o7Y5jOg0i95JJL2myeAkfdf//9YdOmTXGcLfPhkhC4c+bMicuuu+66QETnNJdum4P4QwISkIAEJCABCUhAAhKQgAQaRiBLgZtyf9ppp6WvTfnsSjArIilfe+21x5yf5cyFa5KABCQgAQlIoHEEzl98e+MO1s6RvrDwnHbWuFgCEpCABFqdQJYuylhIhw0bFh566KFW5+v1SUACEpCABCQgAQlIQAISkEAPEchW4OIifNNNN4VDhw71ECpPIwEJSEACEpCABCQgAQlIQAKtTCBbF2Xmnt21a1eYNWtWTb5pjGwaF1tzIxdKQAISkIAEJCABCUhAAhKQQGkIZClwCf40b968GKG4vZJ48MEHw+HDhxsSSbm9c7hcAhKQgAQkIAEJSEACEpCABFqHQJYCtyvBn1oHsVciAQlIQAISkIAEJCABCUhAAj1BIMsxuD0BxnNIQAISkIAEJCABCUhAAhKQQF4EsrTgJsTLly8P27ZtSz/bfA4ZMiQsW7Ys9O/fv81yf0hAAhKQgAQkIAEJSEACEpBAOQlka8Fdv359u+KWojr99NMdf1vOOmuuJCABCUhAAhKQgAQkIAEJ1CSQpQWXIFO33HJLmDt3bpg4cWLNjLlQAhKQgAQkIAEJSEACEpCABPoWgWwtuBTTaaed1rdKy9xKQAISkIAEJCABCUhAAhKQQLsEshS4AwYMCMOGDQsPPfRQuxlzhQQkIAEJSEACEpCABCQgAQn0LQLZCtwxY8aEm266KRw6dKhHSmznzp1h+vTp4cYbb2xzPsYCX3DBBfHvjjvuaLMOV+rZs2eHe+65p81yf0hAAhKQgAQkIAEJSEACEpBA4wlkOQYXDFOmTAm7du0Ks2bNqkkFATx//vyGBJpCxG7YsOGY8yB6t27dGtauXRuvZeXKlWH8+PGVyM2rV68OkyZNCqNGjTpmXxdIQAISkIAEJCABCUhAAhKQQGMJZGnBTZbR9qYIAtGDDz4YDh8+3G1aCFjE7cKFC8PYsWPbHG/fvn1h+PDhUUQPHTo0WpP3798ft2G/I0eOhGnTprXZxx8SkIAEJCABCUhAAhKQgAQk0BwCWVpwBw8eHNasWdMcIlVHxSLLH+nWW2+tWlv7J5bddevWhUWLFjXEglz7LC6VgAQkIAEJSEACEpCABCQggSKBLC24xQzU+n7w4MGwfPnypo/PxWq7Z8+eaCnGmtu/f/8wcODAcMMNN4SpU6cG1pskIAEJSEACEpCABCQgAQlIoGcIZGnBbQ8Noja5LQ8ZMqS9zRq2fOTIkdG6m8YB48a8cePGMHr06DBixIgYlAo36UaOB27YxXsgCUhAAhKQgAQkIAEJSEACJSOQvcBlrOvVV1/dplgQmj0V2IlgV/yRuJbNmzeHJUuWhKVLl4aLLroojBs3Lroqb9myJUycOLHNddbzY/fu3eHAgQP17NKr29533329ev7eOrn57i3yvXPevljefTHP1C7z3Tv3WG+dta+Wd6N4Dxo0KHb0N+p4HkcCEpBAPQSyFLgEmZo3b17AFbmYetNSyjWtWrUqLFiwIBw9ejTwG0suc/ZyXQjU7iQswo1L3buWrlzHGWec0ZXNengb890s4JZ3s8gez3GbW89bs6zh1Bfz3dw8Q7U1y7uv5vt4ngfuIwEJSKDvEchG4CJmCdr0wAMPVEpp8uTJ4cILL4y/mcqnuK6yUQ99YUqgmTNnRssx4tYkAQlIQAISkIAEJCABCUhAAj1LICuBu3fv3pYcz4q4ZkqgCRMmxNLDakuk5x07doQnPOEJYfv27WHGjBk9W7KeTQISkIAEJCCB0hA4f/HtTc/LFxae0/RzeAIJSEACzSaQjcBFNA4bNiyKxenTp4eTTjopXHHFFU2PVFxrjC/TBRHEatmyZWHXrl1h06ZNbaYE4lrnzJkTl1133XUBS3NPjQludoXx+BKQgAQkIAEJSEACEpCABFqVQFYCl+BNJOaZxV35kksuib8Ru89+9rObwrg4D26tExBJ+dprrz1mFcuZC9ckAQlIQAISkIAEJCABCUhAAj1DIMt5cJN4/PSnPx3e9ra3hd/+9rfhm9/8ZrTuInoPHTrUM/Q8iwQkIAEJSEACEpCABCQgAQm0DIFsLLjtEStaWNM8uMxLm1yI+/fv396uLpeABCQgAQlIQAISkIAEJCCBEhHIXuAWy+LSSy+NP4m4fM011xRX+V0CEpCABCQgAQlIQAISkIAESk6gVAI3lRVBnpLYTcv8lIAEJCABCUhAAhKQgAQkIIFyE8hyDG65i8TcSUACEpCABCQgAQlIQAISkMDxEFDgHg8195GABCQgAQlIQAISkIAEJCCBliOgwG25IvGCJCABCUhAAhKQgAQkIAEJSOB4CChwj4ea+0hAAhKQgAQkIAEJSEACEpBAyxFQ4LZckXhBEpCABCQgAQlIQAISkIAEJHA8BBS4x0PNfSQgAQlIQAISkIAEJCABCUig5QgocFuuSLwgCUhAAhKQgAQkIAEJSEACEjgeAgrcLlBbv359uOCCCyp/N954Y2Wv4ro77rijspwvDz/8cJg9e3a455572iz3hwQkIAEJSEACEpCABCQgAQk0nsCJjT9kuY6IgN24cWNYsWJFGDp0aBSt8+bNi5k866yzwtatW8PatWvDrl27wsqVK8P48eND//794/rVq1eHSZMmhVGjRpULirmRgAQkIAEJSEACEpCABCTQggS04HZQKFhgb7nllvCGN7whils2HTx4cLj44ovD5s2bw9133x2GDx8e+vXrF9cfOnQo7N+/Px4R4XvkyJEwbdq0Ds7gKglIQAISkIAEJCABCUhAAhJoFAEFbgck9+3bFx7/+MeH0aNHt9kKS+6jjz4afvnLX7ZZnn7s3LkzrFu3LsyYMSOK37TcTwlIQAISkIAEJCABCUhAAhJoHgEFbgdsEbiPPfbYMVsgcE888cRw2mmnhT179oTDhw8HtsU1eeDAgeGGG24IU6dOrVh9jzmACyQgAQlIQAISkIAEJCABCUig4QQcg9sNpCeffHIccztr1qx4lIULF8bxulh8R4wYEaZPnx7F75gxY8L8+fO15naDtbtKQAISkIAEJCABCUhAAhLojMAJR48ePdrZRn11PeNo16xZE6644oo21ljG5hJoasGCBW0CSLH9Zz7zmbBkyZKwdOnScO6554Zx48aFRYsWxe8TJ048bpS7d+8OBw4cOO793VECEpCABCQgAQn0BIFBgwbFjv6eOJfnkIAEJFBNQAtuNZHC7+SKXFgUv9ZyXUb0rlq1Kope+gz4jSV3wIABAQsuArU7CYuwSQISkECnBE44odNNurWBfaLdwufOEpCABCQgAQk0l4BjcDvgm4JJ7dixo81Wd911VzjllFPC0572tMpypgSaOXNmG4tuZaVfJCABCUhAAhKQgAQkIAEJSKDpBBS4HSBmSqAzzzwz3HTTTYEpgEhESL755pvDa1/72sp8t8yVy5RAEyZMiNtgtWVfhPHBgwfD9u3bw9ixYzs4k6skIAEJSEACEpCABCQgAQlIoLsEHIPbBYLLly8P27Ztq2w5d+7ckMbTIniXLVsWx9li8U2J5Yy9JcLy5MmTw4UXXphW+SkBCUigeQR0UW4eW48sAQlIQAISkEDLE1DgtnwReYESkIAE6iCgwK0DlptKQAISkIAEJFA2Arool61EzY8EJCABCUhAAhKQgAQkIIE+SkCB20cL3mxLQAISkIAEJCABCUhAAhIoGwEFbtlK1PxIQAISkIAEJCABCUhAAhLoowQUuH204M22BCQgAQlIQAISkIAEJCCBshFQ4JatRM2PBCQgAQlIQAISkIAEJCCBPkpAgdtHC95sS0ACEpCABCQgAQlIQAISKBsBBW7ZStT8SEACEpCABCQgAQlIQAIS6KMEFLh9tODNtgQkIAEJSEACEpCABCQggbIRUOCWrUTNjwQkIAEJSEACEpCABCQggT5KQIHbRwvebLclsGfPnrYL/CUBCUhAAhKQgAQkIAEJZEdAgZtdkXnBjSawY8eO8M53vjNs3ry50Yf2eBKQgAR6hcCBAwfCTTfdFD7+8Y+H3//+971yDZ5UAhKQgAQk0BsEFLi9Qd1zthSB0aNHh9e+9rWxIdiXRe4Xv/jF8N///d8tVTZejAS6SwBx96//+q8BwcffVVddFfbv39/dw7b0/nTa/eM//mP45je/GYYNG9ZnBS7lXfayrlURybedGrXIuEwCEugrBBS4XSzpnTt3hunTp4cbb7zxmD3Wr18fLrjggvh3xx13tFn/8MMPh9mzZ4d77rmnzfJW/0HD6I1vfGPYtm1bq19qQ64PgdvXRS51HCHQl9KDDz4YfvjDH/alLMe8fvP008MXR48OD/7Jn5Q+77/97W+j0Hv/+98f+KPxf9JJJ5U23z//+c/D8uXLw9lnnx0+8pGPhL/7u78LgwYNKm1+28sY7zBE/oYNG9rbpJTL6aj8h3/4Bz2SSlm6ZkoCEugqgRO7umFf3g4B295LElGwdevWsHbt2rBr166wcuXKMH78+NC/f/+IbPXq1WHSpElh1KhR2SBE1CJ0Lr300oB1s68kGoKUJy59JBqIfSkh8N/znvcErD9lL3esG4iAZLE+/fTTw5vf/ObAZ5nT/sc/Plz5kpeE3/7RH4Xf9+sX/vU5zwl/e++9Yfr27aXN9imnnBKfZdRthN6CBQvCH/3RH5U2vzfccEP48z//89ghW8wkHTm33357mDNnTqnzT57puLr++uvD29/+9vCc5zyniKHU33l2f+UrXwlLly4Nw4cPL3VezZwEJCCBjghowe2ITghRvCJuFy5cGMaOHXvM1vv27Ysvkn79+oWhQ4eGQ4cOVVyiEL5HjhwJ06ZNO2a/Vl7AC/KVr3xlG5HDi7PMLk/0emOxxrrz9Kc/vU+6KyPuqOOUf9kTYxNxXUTs0JFD4h6nnpc5rRszJjzxN78JH7nllvDRL34xjHvwwfDVkSPDz0ts0aQ8qdN02mC5/eAHPxjv8zKWM89oOm1e85rXtMkego98MwSDjp0yP8vJOJ20CNskbrFqf/WrXy2Ntwb5mzdvXiBfxUQ9f8lLXlIRt6znmVa9XXEfv0tAAhIoIwEtuJ2UKtZY/ki33nprJ1v/32osgevWrQuLFi0KiN/c0ne/+93wp3/6p4FPGkU0iOgRXrx4cdbubv/+7/8eG7pFSx0NACzW733veyuiPgVnodzKaslF1NPwxXKdeCQrLsvTstzqbkfXSz2mscf9+frXv77SAKYhjAC4+uqrw5IlSwJWv2zT0aPtXvp/v/GN4X3ve18Ip58ehdB/X3VVuPTtbw9/+tnPtrtPGVa86U1vitmg7P/5n/85uirDIbnuUi/KYNV94IEHYj6L9Zd7Gdfsv/3bvw0jR46MAheRS8dOGfJcq34+8YlPDDzfeK4TIb841IahRrDIOdFZQ92lLvPe4l1N4h39n//5n7FcecYlDxXWFd9vOefda5eABCTQFQL9Lr/88su7sqHbhDiOCwvAs5/97AqOgwcPRrcv3JB5kW7fvj289KUvjYFMXvWqV4VnPetZlW1z+YKwueWWW8KmTZvCH//xH0chQP6+8Y1vhMc97nHhGc94Ri5ZaXOdNGJxJUfkImhSI5AGwf/+7/+GN7zhDZXtk4sunRQ0lnD5K1u69957w5133hnLmkbwE57whGi9/sEPfhAF4Lhx48qW5fBf//VfUcBy3yLs01hMOqG4r2kU01h82tOeVrq8U/+5r/FQ+NWvfhWfUUUXTjp1uCe453NLWOMpw2JnIt4YWO2oz0960pPC4x//+FjeeCnwbGOMJvf59773vfCxj30s/M3f/E1u2T7megcOHBjr8FOf+tTKM4tnG+X66le/Opx22mmxblPPf/GLX9T0SjrmoC26gPp82223Res8sS8eeeSR8OQnPzmKO57X1AXKnrzjlj137tzYUcu2uQtcOiboeKcOU5ep0zzLeG795Cc/Cbt3745l/Za3vCXMmjUrPs/vv//+UMZneotWTy9LAhLoZQInHD3aQXd/L19cq52eXm/ckC+88MI2l1Yco4ubIw2mRx99NJx11lnRgnv48OEwZsyYMH/+/DYNsDYH6eQHLywabM1I9PTi2kQjkbHCL3/5y8PJJ598zKkIsIUFgHzlmigXRC555cVPg+873/lO2LhxY7jkkkva5JttsOiRpkyZktU46uryQdjRAfOKV7wi0MCj0UsHDIl1dF7Q4KVhCBOELzxSJ0D18XL+Tf75mzhxYvwr5oW6gcCFU67pscceiw1a7mW+U77Pf/7zY3YQuDT6WU6d5n4mUfaIPNz0Kf/c0ooVK2JHFFb5E088Md7fxD/4zW9+E7PCspe97GUVDtzbPM/INwlx++IXvzi3bNe8Xsae/u53v4tjysl3rURZE105PQNqbdPKyyg33ruULx2QvGMRdry3pk6dGv7sz/6s5uVz3/MurX6H19w4g4XpfcYn77P2ntewgg3v9p5KWJhHjBjRU6fzPBKQgATaEKj99muzSd/4URSp5Hjy5MldfgnSUOSPxLhbXHpxcyTQw0UXXRR7TXFV3rJlyzEN6q7SbdaLAtetL3/5yzEgCY2+L33pS4GGIdE3k/se15h6/HFra+8l2tW89PZ2yUXxk5/8ZHTXxLKBwMMFvRiABkFIhwbujVgGijx6Ow/1np8GL/ljzDhumrhnJhfkM844IzYKqQt0dCBuSVh4cecrWyK/Q4YMiXOE8olbNgkuP/3pT6MQYptcE8GEcM3EQo1lnvv6da97XbRs8Rwh2BIWIEQvYp56fs0110Sxw/i9HBP3KB2QPL94RhFo6cwzz4wiD0sfPBD3p556asV695d/+Zexcwu3TqzauSXKlfm7uUeLwyjopPinf/qn+L6pFVAKD5Zf/vKXcV/ynluiTlO+WN8JDJeey9Rj6gDPdYbSpOcb+UvWfJ7zZQnARDuD5/VDDz0Ui/BTn/pUG3fllG/KG1Gf/dCL3Cqq1ysBCfQqAV2U/4CflyUN3fRXdENOJYQ7ULWLclrHJ1MCXXHFFdFSi5sfggLhi+vnr3/96+gWWOu4xWP09HfGHV588cXRxYlGHi9CXPmwZuDiRaOBsTssp+GYo3Wnmmly70LQ8fLHvesFL3hB+MIXvhCtW6lhhHsyLl9//dd/HQVB9XFy+k25IW4Zk4V7di0XPRq7CBzqKC68X//612PeqQ+5JsTNpz/96djwpXGL6yaiNrmg45b7P//zP7GDAxHE8qKreo75Jn88c8gP5cgzKZUhdZ/6ftdddwUaxLjnU++xYCKCc03Ub+5VOuLwSMEFG+FHZxx5ft7znhfdU8nrC1/4wuiGzXI8FuCVY6JM9+7dGztqisMoUn54tmG9hwEi8Mc//nGcDQBGb33rWyv3QE55L44npvOYMkyJdy7vLe5znu08t5PLOp5VvMNw2S3D8APiRlx55ZWxvfKud70rPre5l/lL7so8+972trdFaz7v7jRON/HyUwISkECZCShw6yjdzgQuVhCEAy8YGpaMjaFnHVHMCwm3wN4SuDR2ceGqtlQg4rBg0jhgehysArwMaThg0aLhSKOfxm/ulttiUZM/xjAlkXvOOeeEF73oReE//uM/oqUHaw/lNnPmzIo4KO6f23fKEjFHBw71ErFLPa2VaCDjUs92WD4QxLkmPBF+9rOfxaiyWGdp3NPATfWafCHkEfdYAbF6liEh5GjgIvSo60nQkzfqNY3/Zz7zmTHf3NtlcM8tilzqO27m5DUlYgdQp6t5pPU5fnIP467LvV0UuZQ37ueIva997WvxmYb4oU5g9c31nkbg4maMZ02t5xdlS76x5HOfJws1HTj8lUXkMbMDeUmdcdRzeBRFLu90nmfc63w3SUACEuhLBBS4dZR2RwIXF2estIz/IRATCVfPwYMHx7FOCEzEL42Q3kgE42BuXtzyiokXImKcay2KW7bBlRdRW2wcF/fN7TtiDffN1MipJXJpMNDwx5JJwz9ZvnLLa/F6k+vmRz/60djBQcPvc5/7XBuRS9lj7UgWDz4RRzQoc3VbrOjIlgAAIABJREFUxYUPCxbuiuQ5CRzu42qRiwhA2JelrmPBxXuEcZZ0YpGq88Z9AIcydVwlkfvtb387Wuyw1hbrNMtp7Ocq8Ir3dfrensiFBSKfTlXqPvWBZ1qy8Kb9c/jE8+Tmm2+O+eEdiqBH2NcSueSPe5xyL1M5F8sJrxM6rBHtKSFyEfS865n9ADbFDp60nZ8SkIAE+gIBBW4npcyYWsZl8kLFXReBxHd6kXm58BLFJQ53P4LypJ5Sgnvg6oob0ec///loLcRK2FuJ6ImIWxoKRFNMQTgQef/2b/8WL+uyyy6ruHwhyLF8MYdvaiD21rU34ry46+GOTbnxncY9DKpFLg0irNxJBDfi3L15DITrqlWrYh1ODdskAhC59913XxyXuHLlytgxg+BJCQ7UGxjlmG6//fYYEI080bnBGDQ8KujoqWXJ5b4mVQvBXPKOdY5x05Q5AaYoN1xwEQSIXNbzDKDTgrF71Z1dueSzs+tM9Tu5KyeRS0RlLLi4Lqd7obNj5bK+PZHL9ZNX6kGuHRm8s+ikw82cezPV6Y5ELpZrxluXVeASMAovDVzPi15ZdEoi/OFE3nN9dudy33mdEpBA6xIwinLrlk1TrozgHDT0cMdMgUlo/CL6+E1vP267NCqKgYiacjE9dFAseSn4DA2Cz372szEQGO6ryYUNAcRckTQC6dAoQ0oNQNzjsd5WJ8r4qquuiuKPRhL5TgFbqrfN6TfuqVguDh06FD9p5OF+T6LeU9YE4mE5dSB1ZsCLzqocy588E/GbDjgSHRME4EkNXO4BGFDf6ajDdZGIw7knypLnF/mnQxEX/FSHkzBC2JNYTr7L4oZeq+woY8q6+HyvtV0uy1IZUmaUbTGlOs17i/ymRAcPbtjU/1oW3rRdTp/cs+QLcZ/qd3pv02GTYirwPOd5VoZ7O6fy8VolIIHWI6AFt/XKpClXxMsRd1t6wavHbNHTi0sj7pyMR8QCQuAKPsuQaPThmoeb3pEjR6L17rnPfW4cm5TyhxBgTC7WniQK0rpcP2nYY6VlfsjqxiF5onzxQqBTAz6555v8YonGYo3wQeThfcB3pkUhwAweFg888ECMlkzDsGj9wOqR61jUD33oQ1G84o6NZRbrDtb5ZL2kYYzrPdOqIBZSgzjXus1180wjAB7PLqz0DLfAPZNnHOWcLLm4JVO/eabxDMgxUYdJ1GfyzXOs1v3akSU3t3wncct1M3Sk2gLdniWXTiu2LYvIo0Ma7yPqN9/ppOKP9zb1go451uGVgdcVYr8MQ2tyq69erwQk0FoEFLitVR4NuxoaQURQpPHHnKdMG0HjPQWjqBa5NBAROzR+aRTn+IKk95ogUdVjRrHe0hig0YOVloZR6vHH4kWjkfzSYKzVaGxYofTwgYoN/KLYKV4G+U0WzOLyHL8zvRUNPMaOI25TQvgSNIwgb4yPx4KPqC+OX0vb5viJEGDMIZZnypP84qKJVbNY7pQzAigNT8glr+QjTftTvD8/8YlPxIY+ljo6Jyhb5iAvBtVJ90Aan5hLnquvE4GDUOc5Tf0mtSfWk8jFRfu8887LcohJErd0xCDi8DBKz/Aim2qRy9hTXPC5F3J8hxXzxnfyztAKhj/RIUecD4YPpYBiMOFZRl4JrsW9kIZJVR/L3xKQgAT6EgEFbklLmxdemkKChhHzIdIITCk1guj9TS/LtC7XTyyVzPNJI7CYfvCDH8Tpf+j9LopbhABju2gQsLwMiTwyLQ4NROoADSB4VI9HLENei3mgIUgHRy3PA0QR4/GwamLpQBhgESrD2HIYMP0J7rlYo+HAnNuzZs2KVlos+LhdJ0tukVku3+mMIx8MncDLIolcnl102iHYcVel4c+wCn5zb6fyReSmoQi55Ln6OilfYjnQUQODzqyTPN8p82qrZ/VxW/E3HRrUYTpbsbwXo913JnKp/1j1yzDGmvoOC7wu4MDzvNZ7m7zybue5lu6NVixXr0kCEpBATxJQ4PYk7SafiwYfL/jUmONlhyUHdzZejNUirviypAGV9mvyZTbt8Ag5/hB5WHLJH4m80UCGAwIoNQKw+GHpnjFjRqUx3LSL64EDMyaLIFo0Anft2hVFLeO1EAFlF7m//e1vY+Mf63114xaLDuIPa9akSZOihS+Jnx4oloaegrqNgKMuI3YoV37zSULkcR9j+ULcUB8effTR+J3tckzkgzqNFa8ocokkS+Of+cep+8WYAXTyIA4SlxzzXbxmBDuR7nm+0yHXlQ6LXC15WNspNyzxJJ7XXRG5POcRxWXxSOFepmOSZ1d6l8Gj+N4uS+d0sa77XQISkEAjCChwG0GxBY5BA4hoyDTcU3RU3PVe8IIXBCIutmepTS9OGpA0LHJPBOMgIWjTXK809Ggw4caJBQ/LNlGviTiJ4M21IVgsK0QcDSKidlOW1AHySuOInv3kqkmDiVS05hePk+t3rBuU749+9KOaLuqIIe6FnOs4dRuPAyyy5JVPREBRrOPK+1d/9VexvtN5Q0cPAcZyFbepPrYncqnzeGgUxS33wic/+ck4v3eOFsyU5+InwpZnPJZ5LLlF1/PidmX5zvOqmLoicunYyfn+LuaX77ybucfvvvvu+Ewv1uUkcnnGl2E8fXXe/S0BCUiguwQUuN0l2CL708ilsYuwwT0V8UYvP1bb9DKsFrlYQ2gUIHbK0DBIY6+w1BFopihyaTAxLpNGItshdso0XgnBw3zGWDCxXDFOjzGmr371q2MNJd+UNXVizJgxbURRi1Thbl/GU5/61OiGjMtuyiMssO69/OUvz95DgY4YhCqu1tzflHH1fYvlHqstY5HJ9ytf+crYydFtuL18AMQ6Qy3IN/cvzzjcNkl05DH1EyIIQbBixYpKLIFevuxun558E/yPTiqe7UnoV4tcXLSHDh1a8U7p9ol7+AB03tBJVeysqb6Erojc6n1y/g0Lntd0ZlDedFxWi1zFbc4l7LVLQALNJKDAbSbdXjo27nmIWayWqSe8KHIJOvW1r30tWoHOPffcXrrKxp+Wxj6Ne9w3yRf5L4pc1tNIRATSYOyoMdX4q2vuESlTIsgSKZcoouQxRU5GEHz4wx+OgheRVKZ8F6nimkx9x0rNfKcIg3QfJDFU3D7H7wRMo7MCix5ittpVlc4qRCCCYeLEiaWw7iDymKObhAsqnRdEe6eDbu7cuWHYsGExgiz1H7F70UUXlSKAGNN7MRaVOdUpVwQeqShyGYLCvObUc+75HL1ReD6RT+7dzjwNyixy6bS59tprYxR4Omqe9KQnRXfrjkRurBD+k4AEJCCBYwgocI9Bkv+C5NpEQ79a5NJAYCwb1j4iMxZ7hHPPOcKNSKrkG2s21utqkZt7Htu7fsadIe4Zl0mvfhK3bM/8qDSQEfdlTzSQaRAiABl7SkcHY6xzT4haOqUYT0350kFDPachXBS53N94LyB2cE8vQ0K4ItiJBJ9EUHFM7rRp08L5558f88z3zkRSLkyw0FN3yRvlWkw8t3nO454NG6bAyrG8EbdEtqdOd7WzFRaMyWVf6kGOor5YlnzHA4epzF7xildE7yI6aniWU98ZW1wUuZR7GfJczcDfEpCABBpJQIHbSJq9eCx6fxlvxws/uTbR+K0WuTSMcVulQVEGcUsjB8tsskoiarHeIXBgQQMhiVy2If9lSJQrY65p4CJuiRLMNBG4cWLNZRluqgTSQhzhjp0Y5Zp/8kGecdEl30yBVR1QirzR+EPkpeBaueY3XTcWTMQd0YRxw8bVPNXrJHKxajK/LxYgxG2ZUpryqCiAeHZR37Fo8+xD8JTheZbKDdd6rLJYqBF0iFjqPYGmKH/qOH+UNVyoD7mlJG4pO6Ka15NgwpCTMgg93lVMBfT2t7891mPeYWeffXbsvCKoXMonIpdpgtK0QPXwclsJSEACfY2AArckJX7vvffGIEM0gunh7UjkliTLsQf/Pe95T7RcYrl98pOfHMdxFa24jOui8YewRQRUW0JyZEEgIRo+NOjpxKCnn2ia5I+y//73vx8bwwgDLLdYd+CQe1q6dGkU7Wmc+Ve+8pVYtmWx2LVXPgw5oMNi3rx58TNtl0QuHhn80cFFY7hslvrDhw9X3O/hUEzMe0oHF+6cOYq8Yl74jpD9yU9+Ep9l3L901hFIiI4dOnhYz3LG1+fcYZXELWOn6ZihM7JMHRTV5drRb1zRKVM6IVOibHmeU/585znOJx13ZXiWp3z6KQEJSKBZBBS4zSLbw8el1xeRQ69/eyIXkVfdQOzhy2zo6WgQYcFgqhBEHq6M9IZjuaPBQIMwNfbJdxnELfm75pprwoc+9KGKWx+9+pQ7rmyUMUyYDodxpwTTKkO+ceFjTO3ixYtjmZJPyhurRtkFLuPIqce4oGLNJd8InqNHj8b8U940fhE9eGaULWGxTB05RSFEZGzGGzPvaRnELeVGuRLhHes0rsnEEyD/jCvG8wbLHpGjETq1vBdyKPskbqmrb33rW+NYajpoimWbQz7qvUas8nTK4X3C+zo9l5m/HSFL52RR5LOegHnsR8eVSQISkIAEuk5AgdsJK+ZYpGeVRiYighfUWWed1SZ66fr162NEU9bT6ODllVLaf9SoUVGApuWN+OTFh/UipY5ELm6rNIqK26f9cv4kP+QrTZdC458yYjnBV3Dfo/FfhkT9wmJFWaYxtuSNhhGWHSx4Kb+dRSTNjQfji7m3yGtqIM+ZMyd2ZpAXhH9qMOaWt86ulw4r3FPvuuuuGBmZBvEJJ5wQhS5CiPseC0+ZhT7WLAQtz2F4IBKILItra1nELfWAjow0tIQy5bnGZ3LFJbAWHT05z92NRZoOKgQ792xnc9x2dn/ksB4rLWOqmaKOMqTDDtHKc5rnWurAg0XxOYYLPqyoAyYJSEACEug6AQVuB6wIxHTFFVfEXuY3velNgelnvvOd70QhkVzEaIxs2LAhBvKhEXbjjTdWxBaHxtp25plnhnPOOaeDM9W/CnGLy2L1RO/tidwyitsiNRoKNAKwCgwaNCg2ErHu0DDMMfhKMW/pOxZprDeIWoKRFBONfKzYOVt2ivmp/k59p2GMoGO82vTp06M1i+1oMCL+y2TlSA1e6i/54hPrzutf//pomUf4IPhoDPeFxi/5xDMDiyZWrdTJQ4dHmRL3Nl4JSeSmIIHUfzrusO4yVjPHzgw6ocgHZYZoS6nsIpcx4kS2pzMGizX3Mx2xvLMSBzo2eH7zLOM+x1ODZz2deexTFL2Jm58SkIAEJNA+AQVu+2zi9Ay4eiIiSUzXMHDgwMCcgwR6YPk999wTX0b0vDKeKLlNYkHcunVrnMrj4osvjtF9OzhVXatoKCRXJua6rCVyafDTmEAU9YUGcAJIAxFBi9CFE65fyaqZtsn1ExFLgxeht2/fvthQTHkhr9Q9hE+urospL+nz4x//eLRY0yAmiBYWahr5iNvUYUS+r7rqqvCiF70oskn75vpJfrD00ChG5GC5pXFLfeY+TmVLAxjrTq4Bho6nfLi3EQK4ZPOXo8irzjfPaIYbkK/kXVNL5BIwDsstdZ+O1NwS78wPfvCDMQheslwW81BWkfvDH/4w5huPG+5hEp1VCFc6aeis4TseXnDBUyWNu6atcemll8ZnX5GV3yUgAQlIoHMCCtzOGbXZAqvu9u3bw+TJk2ODhIAg/PFyQkzycmKcFK5IhP1nKh5eaI1KNIiw3CJ0EDOkapHLddAbfPnll0eLV2o4Neoamn0cXvhJwKdz0eBnXC0NodTIT+va+2TcLVFmEUfwyjHBAvdjEuWYRG6a3xdrNdsQiIgGP/OE5p6ov0R/plHMfYWVA2sHEYSxbP7ud7+LnTpw+ehHPxrHKNYbhbVVGfHMoO4z7ysNYtxx6bh42cteFus+wpY5YJn6CeGfGs2tmp+uXBfPNDozyPt9990XA0Z19R7vyvFbeRtczZn+KY3BTM/qJHLpqCQyOoIekZSjOzbuudTXZMHkXq6VyihyKUciXzNchvuV8uX5RrnSgYVHAmXPc43OKty2eebhocNfI9sOtZi7TAISkEBZCShw6yzZ22+/PQraV73qVdFVFMHLMiy9NLgRvy996UujVYltnvWsZ9V5hvY3p6HAGEx682kUVYtcrD80Em699db4IuUFmRpM7R+1tdaQR6ZEKVqlCUCycuXKOO6OHm7ymFy7Orp6GgcwwbUxNw7kCxc18o3FFsslYodALASdoewRufDAEsDvWbNmRTYdMclhHe58P/7xj8Pzn//82FFDGZJvOiywXnEPYNmkw4NOHvJNQzL3RMMXkUcHFvWVTh3GmdJJlqyVzO2L5ZaOjDJ0ZlC2iHksmIh1rJSULa7oOYq59uogHRO1hF0SdQicapGL+KFzA9HDPZ+r6KfzgvuWfHSWEo80ThXRl3OizBG2PMP54zkGD+513nPUebzBKGc6O7gPeG/l+L7KuZy8dglIoHwETjhKKE5TlwgQMIrG58yZM8PEiRMr+xBkinG4pIULFwYmaachSjCqRYsWBaa54AU/f/78426I0+jjHGksLVMr4N7EmDwag4wNxmpLwgJ04YUXRpEYF2T2D9HGHx0EjF/+wAc+EPPD+GKsV0yRA/9iGWSWxU4vl/xTj6ZMmRIb+pTvxo0bw4gRI6Kg4wBYABDBMIJVGRICJ02ZwZAAhgCQx3e/+901BUIZ8pzywDMDcc+9+9hjjwWeK5Q/9zeJut+MYHXp/L3xST2n44Z8kih/6vkb3/jGbJ9f1RzJHx4JiB28e7hfqdvFRNmvXbs2RoSn/BH3lDfTvxFBOeeE9ZZ6S9yKlB566KF4b8MEUXfyySenVfETHvxVe/K02SijH3RwUL58UrZ0yhU7PFj3J3/yJ6V5jlM0eBfxvjJJQAIS6A0Cbd+yvXEFLXLOokjlknBBpqGREpZahBYW2QkTJqTF8ZPGWWqgMe4W10oC4TBvJ40TXI4Qulu2bDluUfblL385TJs2reKSSA/w8uXLw2c/+9k4Tgf3L3rIEb4IQV4uuaYzzjgjWitw46L/BdfU1JPPur/4i7+IveBYNFI04VzzWuu6KVvcy5n+JI2fJt9M+cP4zB/96EexHrCMuX+pB4MHDw4EQss93X333TFPKd80fBG4iLyc63RXy4XnC9YcGsJ0pmHxIeEdwnPl5S9/ebTmdfV4rb4dFmq8D6jL5I9x1li2mPIK6y4p93KnYxSxhtfJzTffHPP5yle+MordYt64t7mXseKTsGYyBhM2uSW8D0jUXzwx6JRM7rZYZ3FLTwkXXt6PZZrCLuWt+Ml7jDKmw3vYsGGV/FLPud+JK5BjWRfz6HcJSEACrUJAF+U/lAQNasRS+sNtqJj+5V/+JboGY6Gl4VEr0ZAh6jKWWl7muAojfJ/whCcE5iolqm/1cauPg4suL7zqnmsa+bgzJbe9NEaLSKq48NJIxI2xLPO9JoGD5Zo8MwYtpRQpmrHHpLRtWp/zJw0dXI4RObigpkYheULQE1wKy23iAZvkrkyd6Irrdqvxob7TAKZcBwwYEAUt18hyxhZj8aKTiHpOhw5ij3zm5JZMXmjcUlbV93axPLBm4Y5OuXO/46pIfgnQgzs2HHJPKY4Az0WsWFhtSZT1+973vihu+c0zj+cbXis5J9yLEXWUPRGQeRdQl7nHqRdYueDAe4XyfdKTnhTvBax8uUaAZz5fOijJM/WWOsywGp5dPK8R+HT+0mmHwMUbqQx1u6N6yr1cdFfmO4EpiSPAOjqpc3qmdZRX10lAAhLobQIK3C6UANbd1MuMpay9xJRANEp5cWHxTQGneHkhXHE77Ejg0uuNiyKN9zTmLp2Lhh7BhBhPmhIvQ4Ky4O6FWyeNiSSA0zY5fqapEpL1irFLxTG55CmJXMoFJmVoGDA2C1e1173udbHxS6O3WrxTBwhglgKMwYIyp87gBt9e50sr1wMsVtRf7pvkfUBwMMYlsgw3fCxbBNshn4hh8sn3XBJWeYQcFkvqdXsilzJH0JF3RAKfCAXcO+FQhkQnBfcrnX+IP8qassVjgWcYiXp+/fXXxzyXwbJHeSPYiYvA84r7l3cEIpcODUQvQpeODe4B7vti51Zu5c6zCDFL2eJ9QWdd6jxGyJJH6jqddszrzHAM3p05JzonyROJThze+9WpWuTyTCD/fWEIRjULf0tAAhJoJgEFbid0EbeMCcMyO3To0Ha3ZjsaKVOnTq1MCYT4QhDjjpQssAi1WglxSyN+zpw5bURs2pZefayZnKNo0aBxRMMBSwCNidxFLm6KN9xwQ+zNp4GXBF51pGi40EiioVgGcYsAWrFiRWzkJys8dQYBkDo72IZ5MLF6VIu7tE+qL7l8ImSw7BStVVitaATT+EcQUPY0ArkHyTtWbMRB8T5o9fwiyJnflA6pzkQu9R4RhDDgvp8xY0YprFs8o5jSifsVF2SEPg1+viNw6bjBZZcOrlWrVsWOHqZfK0Pi/qTDEwbkGyGEACSYGkNeeO4RQ4F7HCt+7okyrjWfb618kW+ecXRm5ZoQt+985ztj+VGGuFyT/1qdFEWRS37xWii6qufKwOuWgAQk0EoEFLgdlAYux7gmMy0JQhJLSvoj7D8vsMc97nGxoYLwKE4JRBARGm5XXnllbNDSUEtzd1afsihuCUJSK9FAYrobrDo0AHFjpcHEdaRxvjSYWMZ41RxFH2yT2zHWbhp65KMjkVuLVW7LcFck2A5ib+7cufHyEXmUMSIX9z5c+LDuMjci5Z1j+VaXC14NuO0SLZbGbdH7gEYgQpb802BE3NII5DsCEQGYhH/1cVv1d2r0d0XkIojp3KAe1Gokt2oeO7suLPXf+ta3YudU8tCg3LH4/eAHP4gij3qPqG/vWdjZOVpxPWXPu4J7HUslnZV8R9zQSZemgeKZx7O+DCnV92TJre585V7GLZ2ZB3Dd5p7PNdFhQX54h1HHL7744ji0or38kFfqN3+K2/YouVwCEpDA8RMwivLxs2vYnkQMpVGzePHiiotpsna85jWvaTMOC1GAix8TyNP4xeKLkCbxgqUnOccGEhYMpj8hP7h3IXR5+U+fPr3COXUuLFiwIFpBKisy+kL5IFhp4KRyI78IPT4Zj1UsP1xUscxTtggC3FRzdENur4god1yzafQXyzptD5P3vOc94dprr40McFtFAOHOmmuiLPHW4B4ujjnNNT+dXTfPstSIT3nnOUYApSRyOztGGdaTdwKHcX//9Kc/LU3ZU5ZE+Kc8UzkXy6tY5ty3vLfouGLoCeltb3tbpROzuF9u31NHNflN7ti55cHrlYAEJFAWAlpwW6AkETq4Y9LTjVUY98v3v//9MfLmeeed10bQ0Diix58XKJ/FsXz0mLd6Lzgvf9wRq61viBwsz+Qf12MS26XoyfzGkouLN0GHchR5WGwYY421Fks7Flssl1jo+GR+V6zzWPtT/uDE+Es4IAYo4zIlypoypcGbyriYP4KwEFmXzg24Ud+x9iQ+xW1z+Z4sW12x5OaSp46ukw4KPE2o4ynv7Vn1OjpO7uvIO1ZcXPKL441zzxcdGHTCVT+7Ur5SmRNHgm14nhFMDg8FvFH4zD3REUcQSTxL8EjgeUVK3ke558/rl4AEJJAbAQVuC5QYL0Tct2gk0PBD7JLKODaHoBpYKQm2RYCRlJhCiYnu07hKGDAFDr9pQGHtQtwjiHIUN8n6/OY3vzm89a1vjW65NHRp/NEIomMCAYDwxWpbFLmJUe6fdG584hOfCB/+8IdjHpk2gzqQRG5yTy82CuFDHYAPIp+psHIrf+ov48rJ365du2J549JIZ05fELmIGeo/88H2dZFLXaejhmcZlswyJDqd6HyjA68jkUtHHkN9iABPxx3vvNzu5VrlhUcO1msCaREbIT2/qkUu3iqUv0kCEpCABJpPQIHbfMZdOkNR5BJQB5fV4tg7xMHq1atjb3dxeZcO3kIb0bBDsNC4o2GQ8sL4YgQAvfyI25/97GdxTDMNJgJ20ChkjF6aHqeFstTppdBxwZg7XNDTuGI+yf+9994bLRocpOwiF+s1Iufv//7vo4smXNK4vI5ELnWERiP3SG4JcYs3Bol6TyM3iYC+InJT2XYkctMY1NzKt97rpcOGOXERenTY8LsMqSsil3cYHXgMR2h1T6N6yoT7mPcTsQSSy31R5OKpgzs2nbtFj6R6zuG2EpCABCRQHwEFbn28mrp1ErlY8LD0YOGhAUTDgDF7TAeUa0OQqV2YCoIXP1Y7XvqMpU3T/5B3rLqIWBpLTJvAPriuYvFE2BJtE2FYtPw2tUAadHBELMKdfKWGD4cmcBQiF5e9lIoiF3FEfnNK1NWvf/3rx1gqKEsYIPIRtVg6krW6WuQyxja3fLdXRilIFnWdsmfuV/LNeD2s9EWRe/LJJx/Drb3jtvJy6i35K7qediRyserS8dVXElywdvJ8Tx18Zch7ZyKX2BEkLJ1lSryjcT2nw45hQ9zTJO533m94JzHUAu8dGJkkIAEJSKD5BBS4zWdc1xmSyE3uykQXxaWX4EQ5uyzTe00EaBIv/vSix2qbRC7CFQGAkMXKhfsmeUYMwYXlRKJO+9YFthc3TlP6FF3WEIJERWbMVlqfLhGRyzQ5NPxzS3RiUF9JRTGPheOss86K4hYBtGTJkjiOnGjZ1ZbcsohbGDC2nMBp1G3G6V199dXRgk39LlpyqQdlcV/ESr1y5crKfZ3qMPkjCBHlXXRXzu1+Tvk53k8EEFbMHPNNxwWeGIcPH45DSKpdjMkTVkzKmBgKCHg8kghCtXXr1hhkK7cOylrlzL1ctEJTt+m44tmWrLjsx3KmOquOl1HrmC6TgAQkIIHGEVDgNo5lp0fCaol1ikYADQWCUtSyXBRFLu669BDnLG4Bk8ROUeSlZUWRS95pBDNFDOtp+JPYj+mazj///E45t+IGKa/kA3GLiyJjjtub8idZAVoxLx1dE+VHhwWmx80WAAAgAElEQVRlSkr5RsTT2KMuMx6V7QiURgcO7ts0hstm0SL/iHUs1CSGHdDYxQsDKx51gOdA0YIfN8z8X8pv8b5OWaLu46XxwAMPhGc+85nZeWOkfHT3k/sgx0QnJe8xyhArNOVJXS4+r3i/cS/jscE2uOeyHeNUyzDumHgQeGTQQUVeyX+y4pJfOi9yLd8c66TXLAEJSKAWAQVuLSpNWkaD73Of+1wMrLFq1aoYDbg6mnA6dRK5v/nNb8I73vGOmtMvpG1z+UxipzORSwMZizWih7G5TB+EVeiyyy5r02ueS77Tdab8I+iIlI27brFhmLbL/RMhWy1ysfTQ6MPC8bGPfSy662HdQegwZQpWzjI0fik7hhjgsUDZpqmgaBRjxSYCNAmRgCULS317z4Ac6sEHP/jBOF6eMl+4cGG8P8lPqus88+iwSmWLKMBdk7pfBkteDmXUyGvknkWwMi819RtBh2cN7ymEXrJqsh1Wy0mTJsVPOrPKUt7kg84ZhhHxLOd+J5Aa09oR8Z1nXarvjWTvsSQgAQlIoOsEFLhdZ9XtLbFW3XXXXXGaCKLBdhZwApFLA7jaDazbF9IDB2BuxFrWaZbRQKJ3n0RDuNgYTu7KNJKJMowFm0YTPea1jtcDWenyKXDL47o7Kq+UVwQQ26XfXT5JJhvWErlcOpYcGsR4MtBAZlweY69pDOee6JRZunRp7IxhfDX1Ibks4q2BxZb6jeUe93Tu/xzd0IvlRDA4Oqy4p5NVPlmvUt1mHDKCPk0NhBcGYsiUHwGewXQ8ImiZkxvvA8qbMfZ0ROJ6TtkicEnc4+l7frk99orpqBo4cGDMI95F3L/c6+T9G9/4RrwHmO6tTAHEjqXgEglIQAKtT0CB24NlxIvw85//fBRBuCYyVgcXp7IlxidhbU3j7FL+WI6bJuIHFzZ6v0k0hFNj+M4774xiB/FHI4GefwJMJctAOlarfZI3xh2mcZVdEblFS3ar5acR11NL5MIFqzwiF1GE6/Ib3vCGUrj04ZXB/cxwAlyRCSBGwC3EO1Ne4daJyGWsHsvK4JpMGVOOiHsa/NXjp7mvETyIIsQwoojgWqZ8CVDH6bSgDiNeKeO9e/fGTivKmI4dOjTwXiiLuMVKSzR/LLTkj3cb72+eZXRC845iGc9/8qzAzbd+e+USkEA5CChwe7AcaRhgxSWKZJnnv0SMYqlCwCWRm8QtjV3GYqVAHEWRR0MpV0seeSZPuOzVK3JpCOZq0cJyQ5To9lzyaolcljEONbkvJotfD96KTTkVHRzz5s2LDVw6sGgIX3LJJbFDhxPSCMa1kfufRnEZEp4auBxT94v3cjFveDXQ4OePsjflTSB1WPz617+O5U4gNerBP/3TP8V5qhF4uO8yLVYZBC73MsMqGF4we/bsGAiR5zxeSOl9xfMfay73OGNwsVybJCABCUig9wgocHuAPS9IgnNgrcKNjwY9FswkchE4LL/qqqtij3AZxiolYUOjF0sW1tokbpN1M1lt2Sa5JvdAcTTtFHRg1CtyYUKnR24iD1djxlHijoeAQeC2l4dUF4qBp6gDrW6Vr7eiYJWGA5053Ms0iFNHDmKXxj7jy8vQ6Mdi++lPfzoKGcZPF+9luKXfPPt4tpnKR4BnOl5JdHC9973vjUNIeAZwDyD0ylDPKTWGHeBJhOcBzy3yh6cC9zT5LUbB55mW3m/lK3FzJAEJSCAfAgrcJpcVrk1EjcVa9ZSnPKXy8uPFmEQuAo8eYdy7GJtblt7fJGxoCKXAMtUvfxrCSeRVr2ty0TTl8PWKXMRhe8KwKRfYoIN+4hOfiEKOYDOIuM7ykOoCInfkyJGlED2IPKy2BFFCxOGtgMjlni+KWzp4sADhwkv9yD2R73e+853xOfWiF72oImySqOV5BguEPm7b5LtsnRm5l2F3r5/nFq72lDOW21aPj9CV/OJWTUwA6i0ilsQYetyxGTde7HjmO+OQcb3HM8EkAQlIQAKtRUCB2+TyYNwOjUGsdNUCLolceroRADNmzChFQ6GINAkbAnDg0lYrqA6NpWo2xWPk9r1ekZtb/rjea665JkybNq0yBU5X8kBdoPyLFo+u7Neq29Bx8+Mf/7gyFpF8ERSN+xk3RUQdQWmuvPLKON62LG7JdG5Qx9/1rnfFzqli5wYiN81lzZzI06dPj9HiW7UMva7jI0CZP+5xj4vRwhlvnnunLB3My5cvj/csdZh3Eon3EmPMjxw5UvHGSMTo6CFoJPk3SUACEpBAaxFQ4DaxPOj9xZqBuMXKQ1TgG2+8MUZQpRGMuyINBXqLeamWxaWrGmkSucmyU0vkVu+T22+mMbr99ttjow9rXtlFLsGScFPGC4HEuGOWpeBRiJxarqllsGCSb9xziYzMOEPubxKNYX7DAqsPDWN4EEzqda97XdymDP/IGy6ayWJbnSeea4yxPu+880rTmVGdR3+H2CmLFTdFCs+VCfcrXlYXX3xx7GRO4raYH95d1cNoNmzYEJ70pCdVnoHF7f0uAQlIQAK9S0CB2wT+jDsj2iJCjulQPvWpT8WGLpEmX/CCF0RXJ6w/WHTKKmqrsZZZ5NLzv2XLlij4GJdFovFfJpGLqEPQJVdT5n1kagwafvzhlvvQQw/FPOPihyWTgEplcF2srsvMYUyesVCmzqm0DfczghY3bBq/eGWUxXKb8ki+CSKUAuyk5ZQ7AYfIL2K/TF4ZKY9+/h8BOmd5JvC+y9VNF3HOXM4EfqNTppjotCSQFB01uGJzz/OJKzPPPsYe48WQu/W6mGe/S0ACEigLAQVuE0qSFx9WDl6G9AqneT6ZDgXhg/DlZcn4teK4niZcSksdMolcGg2Myyu6NrbUhdZxMbi2EWjpQx/6UGzk0agnoBipWuQiEqunUanjVL26KR0yjCNlvC3CHSsdIg7XPSyYuOm9+c1vjsFlEHjM80v9TxbeXr34Bp+cMibgDA175nblfk7CP50K6zXitwwdWLhifutb36pEQMY6T32ors9YrJkKqQzTH6Vy9LNjAtRxOm2r63/He7XOWu5hpvJ697vf3eaiELd01tCZQ8LVnvue5xrLsPIibsvgkdIm4/6QgAQkUBICCtwmFGQScqnHl97topDFykdAKdwWyyDy6kEIGyw/ueWbxvzq1avjmMOiaLn66qtj44dI2GxDkBLEH657pCRysWohBHPLdypbyg1XPgR9ErmIOAQsop1AYSmRR4QOPHK0XmKJxELDmNr2yiuJXCzXlHUtkZt45P6JuKWxT6I+Y5Un/zzfsGYheBEKuG3PmjWrTV3IPe9ef8cEqAe5iltyxv2LFbpogUbc4rKMgOUZRz0nEQCS7bD28tzTcttx3XCtBCQggd4koMBtEH0axcUXfbXIpQHMXIG8OLH48fJkknhTHgTokFi7dm0Ud9VjS88+++yYCQQwZfqWt7wljrnGik9CFFA32hNLORBIgq5a5Na6du4FWNEgrDWerdY+rbQM0cb1Y52lIdteuSUmZRe5PMtIqaFPfUb806lxxx13RHd0vFYQt1i2TRLIhQDPKuowQeG4n0nc93gh0JFHXSdR96vH4MYV/pOABCQggZYkoMBtQLHwkiRSMuImNQY5bLXIxZqFVWvu3LmlHJvYAJQtewistgg2xO1Xv/rV+EmDCBc9EqLoM5/5TLjsssuiIMI9l2kkTjjhhGjda9mM1XFhSdB1JHKxfjAm+cwzz8w2sBIWSqzweFrUK3JpGLcniOtA3XKbFhv6XBy/6bzANZ3nGsMvis++lsuAFySBGgToeEwB8xC0JO79Yicm2+ClQUdm0VOlxuFcJAEJSEACLUJAgduAguAFyFhE5vis7uWl0UfvLyKYhi/uTamnuAGn9hA9TICgJB/+8Iejuy7WqlSWuGgytji5X2O9ZWxajtFz6YQh4jcNvepULXLxTEgu28yHyX4Ea2Hsec6JBm69IhdX3VrMcuNA+S9YsCAQSKwoWmuJXPKWyj+3fHq9EuDdTaIzq9b9y72Q5romYJxJAhKQgATyIKDAraOcEDFEUK0VWCI1/qpFLi9Ipgq5/PLLY1Ce9EKt47Ru2osEsEgSCRvBQyPokUceiVE1GYuKJTOJ3KFDh8ZefrZJ429nz56dpTWPuV2ZuxUrNAK2OiWRi2suDLBs0HmDuMfKnWsgrep81ityi2Kw+lg5/aYs77///ppumTznCCZFuVMPyjKncU7l47XWRwDvmlrv7HQU6jQxA4j8zrZ0Ug8ePDgGk7rqqqvCnj17YhAqO3ISMT8lIAEJtD4BBW4Xy4jxs0uXLo3iBbdF3JGrp0ApilwsfTQAb7755hiMAsut4raLsFtoM+a2xRq7e/fu2LBnyggCSuHOVhS5zHNMVOz+/fvHuVARt5R/jomAaDTy8DzoSOQ+9alPjdF0EbTV90KO+a51zfWI3Fr757SMhjzWKqzQdFZQ9rXGHuLS+frXvz6WuS6bOZVw37tWBOt73vOemPH0fq5F4SUveUl8XiNyGZNLlPBvfOMb0YOBYSdlfb7VYuEyCUhAAmUgoMDtYikiVnj5TZgwIc73SZRVXFLp1S028niJ4urEVDFYOrD+zZs3Tze+LnJutc2e97znhW9/+9uxN59GfbJoYhGoFrnUBcofgZD7OEyskZ2JXIQwAggOOQaTqlXX8LigcYuIo9MCgdtXRC6BteiYo6OGCLHU9SRyk7WWjj48FN7xjne0ee7VYukyCfQ2gWS55TlF6kjk4o1ARzSfRLxneAnBp4yW3Nul6PklIAEJ1E9AgdtFZrzkCBr0wx/+MFpyseLhxodLanLXSy6KCBxejMx/S/CV9JLt4qncrIUIpAY9Io6GPWWL4CFVi9zkqttCl9+tS+lM5MKGThzqeBm8ExB3733ve6O1/tFHH41DCwBIo7jMIpd5bumQI1L4y1/+8jbjiFOHDusRCZQ30ZK5D0wSyIFAErVdEbl0THKv02GnS3IOpes1SkACEqhNQIFbm0vNpYha5nocOXJk7OHFremZz3xmFD533nlnbPxh6eDliCDGrSl3S15NEH1oIWVIOeOyuW/fvvC5z32ujchF2NHbj6UeEVy28i6KXMapIXio43T0XHvttXEM8otf/OJS1IiPfexjUagTLItoyJQp4+dJ1SIXr42yWK0ZV44bPu6cdMqljrr/v71zgZGquv/44a9dSbWPoFajEsFAtLbWaLU+UsH8aSxR3Cq1DW2gEhC0RVpLIQQriysiIVGolRItfUi0CLG6prWtVftvocb6oKXbKFSglgSDfViqLfUVgX8+5/8/k7uzs8vu7OzuvTOfk2zmzp177znnc+7M3u/5PU4aVPpOpmQe+D/96U/HpZPSZ75KoAgEeiNyi9Af2ygBCUhAAt0TUOB2z6fDp4hWHgKx3PLAR3nwwQfj0j/XXHNNXDCeB+Jt27ZFUdThZN8UigACDosWVtpknUTcJZFLDDaf3XzzzVH0pezJhepkDxuL4GFSBxd9rCD8Ead29tlnR2tePYh6rJisUU28Hd9zsp4zmYWLOv2mJJHLWKfloXqIMDeHpayw9JFEOi0tLXFs8ThhfW5+31LitGyjk/u9sYhZKm4XiYAit0ijZVslIAEJ9I2AAreX/LDckCkZsbN+/fqwc+fOsHDhwmjNQfTyl2LYenlpD88JAcZ39erV0SKPkCOJUnIzTyIXkcdkBtmTWQu0HkRed/hx28OSfcwxx0QLNktmjBs3rm76jeBj0uKUU06JE1atra0xkRIWS+JQSShG4SGZY4tauE9///vfR08EYsuJoyZxGgKWexs3fLJjVxK5Re2z7W5cAiRO27VrV/Q64XuryG3ce8GeS0ACjUVAgdvL8UboYOVA4GANQdySjCYVHhSL/ACc+tGor8SVYpXHMotwxRrPWGdjbxECuKunGGtcdhuhcF/DgYfEJPjrqd/JNfeJJ56IlnpiiykpazrivqiW2+w4MX5Ypffs2RPjp5OrNZ4KitwsKbeLTIAl3m699dbobcL63Hih4IGgyC3yqNp2CUhAAj0joMDtGacOR5Fd9rHHHguzZ882k2gHMsV+8/jjj8eHflw3sVbywI9FHoFDMrGsyMWSjyCqd8ttsUf0/1qP+zHW9vRgy14SShFze/vtt5cEbHK/zbrqcu6aNWsCIQjEWtdDefLJJ8Mbb7wRrdXlkzdZkQsH3LEtEigaARI/ppADsiETVkR29PQbnn4LuP9Z9YD9FglIQAISqB8CCtwqxhK3Pv6Bvvzyy6VY3Cou4yk5IoA1ngci3DNJFpUegBCw55xzTkWRm6Pm25RuCLz44otxbImfxkJJwUKPeCWZFJ+z7BcTV0xaIHSZ0MAtmf0k0WLCox4Kwh4rNH2CRYopTw/+9JHkWgjbE044oZQxvB76bh8ah8CyZcsCYRT8luN58vzzz8fl/VjbNt3r/MbznT/33HMLu2Z544yoPZWABCTQOwIK3N7xKh2Niyazvzwk1qO7ZqmjDbKBkCXucPPmzaG9vT0+GKVxzYpc3NNTgrEGQVP4biJYeaglAzaCDus7saZLly6N8dWI3LTeK26MHMsYNzU1xXUxScBU9MJ9i6jH/Zr+ppIVudznxCsuX748rgEKJ4sEikiANeqJn+eeZrKKUJMlS5aUlvZLIpcJrUYJMSniONpmCUhAAtUSGHLgwIED1Z7c6OfdddddYeLEidHi0+gsitp/siXzMMRyT8zoY+FavHhxzKJLfDWxtpb6IMDEBeIN4cbkxfz58zt0DKsPSWlwW66ngnfC3Llz4xq3XYl1vBdw0adMmjQpCvt6YmBfGpMAXhrc+8Ti8p0nLpccC4ha9lkkIAEJSKA+CWjB7cO4Yv1IS8j04TKeOkgEeKjnYWfv3r0xPgsrF2M6duzY6IKOiyoubsmSO0jNtNoaESATNJabtOxP+dJOJIjjsxR/XaNqB/0yeCUwiUPOgFRIpsbDP+EWFJZDwmp90UUXldy407G+SiBPBPidLv9NZqKSjPdMUPE9T1bZp59+OoYSkSmcwu899/msWbPy1CXbIgEJSEACNSagwK0xUC9XDAJYq4ijxm2Nh3qseiQhwUUVqy3uynyOyOWByImMYozrwVqZRC4uyiQPI74aN0YKiWhYOqe5ubmuMqH/5z//iUm28E4gcRRLYCHkEQRYd1kGi4LA588igbwSQNwuWLAgNi/lSeC3fMWKFeGdd96JoQcbN24MI0eOjJ5VQ4YMiaFEnEd+Bb7zM2fOLAngvPbTdklAAhKQQN8IKHD7xs+zc06ANW2Z7S+f8b///vvDhRdeGBPu/P3vfw+rVq0KuG+m+EQsAIhcRAFW3SSCct5dm1eBAK7JJJdhTLFYJpFLbN7WrVujOzoWThJK1aMFkz7Td0Qt9/HFF18cvvjFL8YEO+QRuPzyyytQc5cE8kcg/Y5z31IQuaxZPW/evOhaj/cFCaXIms7EDR4bTF4Sg8t34Etf+lJc7zp/PbNFEpCABCRQSwLG4NaSptfKFQGsU8Rc4r5WHk9LvCUPPuPHj4/Jd3gwIikJBUGEsMVyaykuAcaQccYVl8JEBpMVLPnD2tUpJpfPmMxgXeN6GHP6i/s9/f/oRz8aJ24qjSIWLSaAmNyxSKBIBBC4/BFOgrt9Nm6e330Sqr399tsxkVyR+mVbJSABCUigNgS04NaGo1fJIQGsVbigMnvf1tbWIZ52z549cZYfyx6xmEncJlGMmzKz/5b8E0DIYZ0pL0xusMbl9ddfHy655JI4oYEVEzdFlslJllyE3pVXXhnvj/JrFO09Ip7kWUze0D9EABmiEfbZgrhnHeDPfOYz3udZMG4XgkByTyaEhPCRbPI0fvdZ4oqQE+77ZPUtRMdspAQkIAEJ1ISAArcmGL1IXgl0JXJPPvnk0tqIl112WYzXQihhCSBua/r06Xntku0qI0BMHomUsvG0xNz94Ac/iOI2xU8PHz48xljz4Iv44z2vTHAcf/zxZVct5lsyu/PwP2PGjJJgRwRkRS7HMOHDpM4nP/nJYnbUVjc8gSRyyZVASe/Z3r9/f3jkkUeiRwbLhFkkIAEJSKCxCChwG2u8G7K3rP1JpmQsd1jrUmZkZvdfeumlsG7durgfQYTgmTNnTkWLYEPCK0CnjznmmLjWZTZpFNlUGesrrriiQ/w0D7tY9LF0IogpQ4cOLUAvD95EJmi++93vRlHPxA4iHxdkrLSIXNYA5p7nj0Rao0ePPvhFPUICOSPAdzdNWiVRm43JxUV/zZo1sdWf/exnO3z/c9YVmyMBCUhAAv1EQIHbT2C9bD4IYK0iq+YFF1wQ3dgQQTzsI3IRO8RcsgYuIiet/1nJ3TUfvbEVlQgwKYE7OUmjksglsRLvGUus9dlCEhrGm6Vx6qEg5l944YWY/fvMM8+MSXRwtSf5DpZc3LHfeuutmGTqtddeq5t+18PY2YeeE2ANW2JrSQZHFvTDDjssfu+zIhehS4IpBDCx9sOGDet5BR4pAQlIQAJ1Q0CBWzdDaUfKCTCTTwIdYhJ58EfQZpf/SZZc9vOQlNYELb+O7/NPoFzkMnGBuMU6f9RRR4URI0bETmD9wcqJey7nFKlwP+N6mZ2AQcjOnTs3WmtJuJMe6H/5y19Giy2TNpTnnnsuCn0mc4jPtUigSATwxrj77rvjJCTx9P/+97+j0MVrgd/xJHKZ4CLmHsutsbdFGmHbKgEJSKC2BBS4teXp1QaJADP7iJf0oEMzdu3aFdf6nDBhQml9T8QBIherLusnJpE7SM222ioI8FCLcCWJFGvXpszH5SL3C1/4QnRNZ0ko4vSeeuqpeB5LQbEcUJEK7sY33HBDbHK6xxG8xNZyL992220dhC+ClqWPsFLzPSDueOrUqbolF2nQG7CteNewdFe51wXeCORFYBKHCUnCC8iEjsWWtcv57vO9YIKHyazkwtyACO2yBCQgAQmEEA6VggTqgQAPPeWWKR50mMUn2ci0adNK3eTBKB2Pq1v2s9JBbuSSAOJ28eLFsW1Y5pPYS41lwoIYasQvf2xjtUTgNjU1hUsvvTROaqTji/KKoGdiJmX7pt3r16+PS6SwnbXq8p6ssghfrLsU7nHueYsE8kwAjwTudV7TvY4LPt97hGy2cI8zicPvO997CgLYIgEJSEACEtCC6z1QFwRInENWXGb0seQibkm0c8QRRwQseJQkhnh4Shl2k/WvLiA0QCfS+q6LFi3q4GLMAzCFMS+35PKgzDhzjxTNLTkN6TPPPBPdMomnpa+s7YwlGkstidJYwzfrYg8HskN/+MMfjkLhtNNOS5fyVQK5JZAst9mkUcTLE1dLMrnypdv++te/hhdffDF+F3LbKRsmAQlIQAIDTkCBO+DIrbA/CeDeRubYFHeJ0EXQ4qLJZ4hfxC0ZZJ3t78+RqP21cdMlfnbevHmlWFNqSVbd7FJB5SIXYVjkwv3MQz+ZkEme9fLLL8fkUbhq4qbNvnJ3e0QuVlvdNYs88o3X9jQRmUQukzT//Oc/Y3JAJqne8573lKCQcIqJzXpJGFfqmBsSkIAEJNAnAgrcPuHz5LwRSA9HWZHLA9KJJ54YE/Ew44/oJT6z3K0zb32xPR0JkGiGmFMSyKSSxC3ux1g1UxblrCUXl/SiL4mDdRZLFkKWdZqxYNNH/hC5LH3E2rblIjdx8lUCeSWAC/LatWvjBGRyNU6/40nk8p3Hi4GJShKtUfiNZ3Ln2muvrZulvvI6RrZLAhKQQNEIKHCLNmK2txMBEpP89re/je6YfJgejrIil/hcrHhjxoyJs/2K204Yc7+DJFFMUGQTRC1btixaKInHJUYPAVgucosubtPA3HvvvdF6BQMsWlizKIrcRMjXohHgt/vWW2+NngaIW6yxqaTfcUQu9zjL/jChRXJAcifgmcD3Puuan871VQISkIAEGpuAArexx7/wvWed2/b29ihes0mm0sNRVuQWvrMN3gFczR999NEYT5vcFEkgRawpExa4JfOAjJWHz+tF2KZhxxOBxDrEIvLQjzW7XORi0eJ7UNRY49RXX+ufAL/bq1evDrNmzYpeGVlxm3qffseTyE1rlRNXz/de9/tEylcJSEACEsgSUOBmabhdKAJbtmyJayEuWbIkuiCXNz49HCFyEUJmkS0nVKz3ZMQmMzCx1FjjserwgMtrKjw08/mMGTPqwm0R903W/0QIvPHGG9E7AeGeYnLLRS7JtBS36W7wNa8EmKxiaTcmbLIeGbR3w4YN4de//nUpM3L6HU/uyul9XvtmuyQgAQlIYPAJKHAHfwxsQZUEEDO4o5JNljVBSTiCEMCVlWybCCIehoi/5TUrhKqs0tMGkQBW2hNOOCG6IRNzivUy62qeLEJYeeola/Att9wS71v688QTT8TljlguqCuRO4jDY9US6DGBF154IXpjfO1rX+vwHUbckimdz7OTN0nUMsHF772/5T1G7YESkIAEGpLAkAMHDhxoyJ7b6cITQNSSbIfMyBSELKInZUu+/fbbC99HO9CZAHF7rJWJ9Za4PayZWDpJQtXc3BwQuEUvWLjoE2v5EqOIkCeLNO9JmrVw4cL4iiDATX/p0qUVvRiKzsH21ycBYuX5+853vlPqYBK3rF3Nbzv3NZnur7766tIxbkhAAhKQgAR6QkCB2xNKHpMbAoiYP/zhD+F973tfGD9+fCB77s6dO6PYQeBScF0m+dCaNWty024bUlsCiL2UUAoxyNhPnDixkHG33K+UZKVim4kbRC1u9dkHfCZzcO3MilzEAN4KFgkUhcCmTZviZA2TkCl0BA8M7vn0PUiTNynutih9s50SkIAEJDD4BA4d/CbYAgn0jAAz+s8++2w4++yzYyZNsmky258eiLgKYgdXZdw4LfVLAEE7e/bsuujg+vXrOzzY06lp06aFxYsXx/uZezq5YiMGbrjhhihymcRpbW1V3NbFXdBYneA3m3saT4z0PU5LBCUSvOcYJu/2B7cAABRsSURBVDMtEpCABCQggd4QMAa3N7Q8dtAIpIRSK1euDB/72MeiaypLRRBryx8Fix4ieN++fVH4Gqc1aMNlxb0gcMYZZ8SkWQhZLLRkgMYiywP+ww8/HNe4Za3bdD/jmo0rPtmUs5nDe1Glh0pgUAkgXLnPmYzkvidDeLawb8WKFTFRHGuWp3s/e4zbEpCABCQgga4IKHC7IuP+XBFAzPLQj7hFBGC9IvvmhAkTSu1E2GLZmz59ug9EJSpu5J3A0KFDo6XqzjvvjBYthC33ehK5bW1tFUWu4jbvI2v7uiPAxCSJpFj6i2SBCF6ELDkUcF3es2dPuO6668KwYcO6u4yfSUACEpCABDoRMAa3ExJ3DCYBYiuJz8ItjQQjyTUT6yzxt7gkE4M4ZsyYwFqIFM555JFHOsQqDmYfrFsC1RB4/fXXo1syEzgkkUox5dzfuCuTOZn7P30nqqnDcySQNwIpuRRW21SY5MF1mVhziwQkIAEJSKC3BBS4vSXm8f1GgHUO01qHVIKFiuywPNDz0D937txYN5lyk7jloailpSUKXtZUtEggrwS4h7HKdidQDyZyy2PO89pX2yWB3hLYvn17dFfmd5/viUUCEpCABCRQLQFdlKsl53k1JYCwZfkXEujMnDkzWq9wXcNtDcsVcYe4cm7evDkcf/zxYeTIkdGFjZjb/fv3h6lTp+qWXNMR8WK1JoDnAfdvNp62vA7ELwnS8GLg+5B1V2ZiJ2WcLT/P9xIoOoEjjzwy3t/8zlskIAEJSEACfSGgwO0LPc+tCQHcj++///4obhGzFGbxicViJj9lSeYz3DaJSXzooYdi7Nbw4cNjnJYPRTUZCi/SjwS4fyvF05ZX2ZXILT/O9xKQgAQkIAEJSEACnQkocDszcc8AE3jzzTfDM888ExOOJOsWrpr33XdftNySbAShixUX4Ysl6yMf+Ui4/PLLwyc+8YluXT4HuCtWJ4EuCXAPY5HtjchlzWeyJTORY5GABCQgAQlIQAISODgBY3APzsgjBoBAe3t7WL58ebTWklzkjjvuCCwNhNUrxWYhDsaNGxeXSBmAJlmFBPqFgEmj+gWrF5WABCQgAQlIQAKRgALXGyE3BJLIxUWTWMP58+dHyy2JpMi0yZqJJOohwVRKMpWbxtsQCfSCgCK3F7A8VAISkIAEJCABCfSCgAK3F7A8tP8JJJFL3G2lJVGw5o4YMUK35P4fCmuoMQE8Epi4SYmiFLk1BuzlJCABCUhAAhKQQAhBgettkDsCBxO5uWuwDZJANwQQsrjc7969Ox41ZcqUkJa0UuR2A86PJCABCUhAAhKQQBUETDJVBTRP6V8Cxx57bDjppJMC2ZV37NjR7bIq/dsSry6BvhHAvb61tTV8/OMfD8SWH3LIITFjOFfFSyGbeOrPf/5zOO+88/pWoWdLQAISkIAEJCCBBiegwG3wGyCv3c+KXGJyTz755Lw21XZJoEsCLH+FqJ0+fXpcx3nfvn1xLVyyI1OyIpcM4dz3FglIQAISkIAEJCCB6gnoolw9O88cAAK4dRKziMi1SKBoBB544IEwatSouDwQ93JLS0tYuHBh2LRpU+AzE6YVbURtrwQkIAEJSEACeSegwM37CNk+CUigLggsWrQoXHDBBXHtZjp01VVXhaampujCnBJP1UVH7YQEJCABCUhAAhIYRAL/NYh1W7UEJCCBwhJ49dVXAzG22fL666+Hn/3sZzF+nM+zhQzguCRT0hrPq1atKmVVzh7rtgQkIAEJSEACEpBAdQS04FbHzbMkIIEGJzB37twoTtNyVqzRjJU2K2yzGZMXLFgQEMAkktq4cWOYNm1aOOussxqcot2XgAQkIAEJSEACtSVgkqna8vRqEpBAgxAg8VlbW1vYtm1bzPS9du3aMGzYsLBkyZIwYcKEaN0lzvbd7353GD16dPxjWSAyg0+cODGcf/75DULKbkpAAhKQgAQkIIGBI6AFd+BYW5MEJFBnBLLr2GKdnTx5chSyqZvr1q2LLstLly4NZEm2SEACEpCABCQgAQn0LwFjcPuXr1eXgATqmMCJJ54YsyITX8sf69pmC1mSDz/88OiSnN3vtgQkIAEJSEACEpBA/xBQ4PYPV68qAQk0CIEkcnFF/t73vtch8RTLW5EhuTwZVYOgsZsSkIAEJCABCUhgwAkocAccuRVKQAL1RiCJXKy4y5cvLwnaxx9/PFp2zz333Hrrsv2RgAQkIAEJSEACuSRgDG4uh8VGSUACeSVAtuSVK1dG4YrVduzYsWHSpEkBa22KySUel8I+3JSbm5vz2h3bJQEJSEACEpCABOqKgAK3robTzkhAAv1JAOHK8kAf/OAHw7hx48LWrVvjmrckkLrppps6iFxErcK2P0fDa0tAAhKQgAQkIIHOBBS4nZm4RwISaHACu3fvDj/+8Y/jWrVYYVO55557Ap/Nnz8/7YpW25aWlmjJZW1bCpZc1sM9/fTTS8e5IQEJSEACEpCABCTQ/wSMwe1/xtYgAQkUjABJoZ599tkO8bR0YcuWLWHUqFEdekP87ZQpU8KGDRtKsbfsU9x2wOQbCUhAAhKQgAQkMCAEFLgDgtlKJCCBIhHoKmkUywDt2LGjU1cQs4hirLYWCUhAAhKQgAQkIIHBI6DAHTz21iwBCeSYQCWRO2bMmNDe3h7IjpwtiN60JFB2v9sSkIAEJCABCUhAAgNL4JAbb7zxxoGt0tokIAEJ5I8ACaQQrsTeYpFFsGKxZbutrS1s27YtZkTeu3dveOCBB8Irr7wSyKKM4CU2d+rUqWHEiBH565gtkoAEJCABCUhAAg1EwCRTDTTYdlUCEqhMgKRQaf1asiPzh7hNJS3/M3r06DBnzpySEMYlGZFLDC7LBVkkIAEJSEACEpCABAaXgAJ3cPlbuwQkMMgEsNwuWLAgJo+aPn16FKyVmlQucrHwsibu0UcfXelw90lAAhKQgAQkIAEJDAIBY3AHAbpVSkAC+SGwbt26KGqvueaaDuIW8YpVFwFMqRSTq7jNzzjaEglIQAISkIAEJAABBa73gQQk0NAENm3aFMaPHx9jbhMIxO3NN98c+Gzx4sWdRC7W3J07d6bDfZWABCQgAQlIQAISyAkBBW5OBsJmSEACA0+AGFr+svG2SdyeeuqpYenSpdENuVzkrlq1KhCPa5GABCQgAQlIQAISyBcBBW6+xsPWSEACA0gAYUuSqOzatqxne95554Wrr7665Jac3JUHsGlWJQEJSEACEpCABCRQBQEFbhXQPEUCEqgfAizts3HjxpIb8nHHHRcmTZpU6iCxty7/U8LhhgQkIAEJSEACEsg1AQVurofHxklAAv1NYNq0adFN+Y477iiJ3GydxOFu2bIlTJw4MbvbbQlIQAISkIAEJCCBHBJwmaAcDopNkoAEBpbAhg0bwl133RWX/MF6e/rpp8fY29/85jfhRz/6UbToNjc3D2yjrE0CEpCABCQgAQlIoNcEFLi9RuYJEpBAPRLYvn17WLlyZRS2qX/E586ePTsK3rTPVwlIQAISkIAEJCCB/BJQ4OZ3bGyZBCQwCATSEkCscUum5He9612D0AqrlIAEJCABCUhAAhKohoACtxpqniMBCUhAAhKQgAQkIAEJSEACuSNgkqncDYkNkoAEJCABCUhAAhKQgAQkIIFqCChwq6HmORKQgAQkIAEJSEACEpCABCSQOwIK3NwNiQ2SgAQkIAEJSEACEpCABCQggWoIKHCroeY5EpCABCQgAQlIQAISkIAEJJA7Agrc3A2JDZKABCQgAQlIQAISkIAEJCCBaggocKuh5jkSkIAEJCABCUhAAhKQgAQkkDsCCtzcDYkNkoAEJCABCUhAAhKQgAQkIIFqCChwq6HmORKQgAQkIAEJSEACEpCABCSQOwIK3NwNiQ2SgAQkIAEJSEACEpCABCQggWoIKHCroeY5EpCABCQgAQlIQAISkIAEJJA7Agrc3A2JDZKABCQgAQlIQAISkIAEJCCBaggocKuh5jkSkIAEJCABCUhAAhKQgAQkkDsCCtzcDYkNkoAEJCABCUhAAhKQgAQkIIFqCChwq6HmORKQgAQkIAEJSEACEpCABCSQOwIK3NwNiQ2SgAQkIAEJSEACEpCABCQggWoIKHCroeY5EpCABCQgAQlIQAISkIAEJJA7Agrc3A2JDZKABCQgAQlIQAISkIAEJCCBaggocKuh5jkSkIAEJCABCUhAAhKQgAQkkDsCCtzcDYkNkoAEJCABCUhAAhKQgAQkIIFqCChwq6HmORKQgAQkIAEJSEACEpCABCSQOwIK3NwNiQ2SgAQkIAEJSEACEpCABCQggWoIKHCroeY5EpCABCQgAQlIQAISkIAEJJA7Agrc3A2JDZKABCSQfwLLly8P9957b/4bagslIAEJSEACEmgoAoc2VG/trAQk0G8EEDwf+MAHwuTJk/utjka5MCw3bdpU6u7FF19cM65vvfVWaG1tDaeeemrNrllqaIWNHTt2xPr27dtX+vTII48Mt912W2hqairtq7Qx0G2t1Ab3SUACEpCABCRQLAIK3GKNl62VgATqmMC//vWv8JWvfCV86EMfCvfcc0845JBDYm8RvL/61a/ChRde2C+9f/LJJ8P3v//9sGTJkjhJUatKaPfWrVujmGXyI5Uf/vCH4Zvf/Gb46le/Wupj+sxXCUhAAhKQgAQk0BcCCty+0PNcCdQhgctu+p+D9uqhlv8+6DENfcCQIQfv/oEDnY559NFHwxFHHBG+/OUvdxB+c+bM6XRstTsOO+ywcMstt1R7eo/PQ8QibiuJ5iuuuKJH1xmotvaoMR4kAQlIQAISkEAhCChwCzFMNlICxSOA9e7MM88Mv/vd70rutpVcbbPuuOWuq4ikBx98sNT58vNTHa+88krpOOrEMtjW1lbaV+m85AJcXmepsgHewHr7k5/8JFx55ZXduu4mKy/uu5TU36y1l32VmGSPSe7kWcbXXXddvGZLS0s47rjjojW5q3q6w8M5jPvYsWMPahHuSX9SW6kzjXl391W5WzT9OeWUU7prsp9JQAISkIAEJFAnBEwyVScDaTckkEcC3/72t6MAW7t2bbjpppvCz3/+8+hqm9qKWNm/f390x+WYz33ucwF3WQrCa8OGDeHuu+8OfHbnnXeGX/ziF50SG1HHm2++GY+hjvb29jBlypQO+6j3j3/8Y7wudSKYuCZ/I0eOjO6y2RjR1L6BfP3b3/4W3nnnnXDsscd2WS3CceXKlWHZsmWx7bgV79mzJ9x3330dzskygdvzzz/f6Zh0AtbUa6+9Nhx++OHhG9/4RolJT+pJ1yh/3bVrV+DvrLPOKv+ow/ue9qfDSSGE7u4rBDNW469//euxL/T/scceC4M9vuV98L0EJCABCUhAAv1DQIHbP1y9qgQkEELAcpriRkeNGhXOOOOM8NJLL0U2WNk2b94cJkyYUHLHPf/88+PxyZo5a9askjXzve99b5gxY0YUvYjBVLLW2VRHpX1YbKlz+/bt4aKLLkqnh+bm5vCnP/0p/OMf/yjty+sGLrvXX399ySrK+6OOOir85S9/6SDgsv1P3J5++unw9ttv96hrPa2nRxf7/4OYWPj85z9f+iMDc7X1dHdfpYmC1Db6P3v27NI9lvb7KgEJSEACEpBAfRLQRbk+x9VeSSD3BBAiQ4cODcOGDevU1q4+w/KKtRarJdu9LVz3tddeC8kVN52P9bIopdyll3bjknywArdXX321x9yqraerdmTjiBG7qdS6njTJgTWfca0UA5zq9lUCEpCABCQggfojoMCtvzG1RxKQQDcE8ip6EOyHHnpotMZ2FS+axCBxuskynty8u+lyrz/qaz2pL1jNu+oLjeprPV11LIlp2DCZUR6n3NV57peABCQgAQlIoPgEdFEu/hjaAwkUkkDWGlupA3v37o2W2uxnWGDf//73h5NOOim7u8fbB6uzxxfqhwNxpT3ttNNiQq6u4kWfe+65KIJZw7Y3Zffu3dFaDrtKJQnS9Fm19aTz6csll1zSyZ08fZ5e+1pPuk5XrwjdFJeNa7pFAhKQgAQkIIH6J6DArf8xtocSyCWB4cOHB/4efvjhUvwoCaaIzUxupt/61rdKcaNY+1avXh3OOeecUlxubztWqU6uO2/evFI9vb1mLY+/6qqrYkKoFStWlJhwfSyRrINbLtDhlbJBZ9vx05/+tJSMi/6Rnflg3LITCj2tJ1tn+fall14ajj766JjsiYmJSqUW9ZRfN91DaX9X7u7pc18lIAEJSEACEqgvAroo19d42hsJFIYACYYWLVoUWltbY9ZjGp6W7GEb6xvCburUqaU+zZw5s+SaW9rZi41KdSaX5aampl5cqX8OxfJJ1t8sE2rKJlX61Kc+Fa2S7IcXSbqw0GYLxyPsSOpEySadyh6XttOEAtZOCsvq9KSedH6lV1iz3i6CszzmGZdhMmazbFFf6ymvm0RlTz31VKnvqT+IaYsEJCABCUhAAvVPYMiBAwcO1H837aEEJCCBxiDApABibvLkyY3RYXspAQlIQAISkIAEMgR0Uc7AcFMCEpCABCQgAQlIQAISkIAEiktAgVvcsbPlEpCABCQgAQlIQAISkIAEJJAhoItyBoabEpCABCQgAQlIQAISkIAEJFBcAlpwizt2tlwCEpCABCQgAQlIQAISkIAEMgQUuBkYbkpAAhKQgAQkIAEJSEACEpBAcQkocIs7drZcAhKQgAQkIAEJSEACEpCABDIEFLgZGG5KQAISkIAEJCABCUhAAhKQQHEJKHCLO3a2XAISkIAEJCABCUhAAhKQgAQyBBS4GRhuSkACEpCABCQgAQlIQAISkEBxCShwizt2tlwCEpCABCQgAQlIQAISkIAEMgQUuBkYbkpAAhKQgAQkIAEJSEACEpBAcQkocIs7drZcAhKQgAQkIAEJSEACEpCABDIEFLgZGG5KQAISkIAEJCABCUhAAhKQQHEJ/C+gCOmQoO01fQAAAABJRU5ErkJggg==)
Source: Blackrock, AMP Capital, Vanguard, Portfolio Solutions, Schroders and SSGA
Where available, ten year forecasts were used and 30 year forecasts were used as a cross check. The AUD conversion used a 0.40%pa pickup for the higher yield expected in Australia over that timeframe.
Key trends over the past 10 years and implications for the next 10:
- All asset classes have benefitted from yield compression: Bond returns include capital gains as yields have fallen; dividend yields and dividend payout ratios have pushed up share prices; and property returns have benefitted from falling rental yields. Yield compression is expected to continue as a long term trend. This is the result of lower economic growth suppressing returns from growth assets and an aging population hunting for yield from all asset classes. As we’ve seen in the past few years, this will put pressure on any asset offering regular income, keeping bond yields, credit spreads, dividend yields and rental yields lower for longer.
- US High Yield corporate bonds were the strongest performer and outperformance is expected to continue: This category includes all high yield rating levels, but interestingly the “BB” category returned 8.82%pa during this time and offered the lowest volatility too. These returns don’t include any impact from currency, although over the past ten years currency hedging would have made little difference as the AUD/USD was $0.7465 ten years ago and around the same today. As shown in the “Next 10 years’ returns” section above, High Yield is also amongst the highest performers expected in the years ahead.
- Inflation linked bonds were a surprisingly strong performer in the past: It should be noted that the data in Figure 1 is for government bonds with a CPI linked return, so it excludes the additional yield available from assets such as Sydney Airport. Inflation linked bonds have benefited from the lower real interest rates and the lower inflation outlook that has developed over the past decade, and so it is hard to build an argument for government inflation linked bonds performing at this level over the next 10 years. Infrastructure inflation linked bonds may be able to achieve stronger returns if credit spreads compress. The forecasts by Blackrock included in Figure 3 are for global infrastructure bonds as a whole, not just inflation linked so they might not be a like for like comparison. They do however show a ranking of returns more in line with where one would expect them to be given the lower risk.
- Residential property has been hard to beat in the past ten years: While like all asset classes, there has been a boost to returns from falling rental yields, a shortfall in supply also strengthened property prices along much of the east coast of Australia. Forecasting residential property returns has been notoriously challenging, but using the forecasts of the best analysts over the past 10 years, returns in the future are expected to hold around the 4 5%pa level in the major capital cities, again based on limited land availability and yield compression.
- Investment grade corporate bonds have performed ahead of equities in Australia and globally: Investors taking a conservative stance over the past ten years have been well rewarded. Not only have they outperformed equities, they have experienced much lower volatility. Looking ahead, it is difficult to forecast returns from lower risk bonds outperforming equities. Blackrock’s forecasts for the next five years for example are for US equities to return 4.3%pa and investment grade corporate bonds around 1.8%pa (with 70% less volatility). Interestingly, however, they are forecasting US high yield corporate bonds to return more than equities at 4.8%pa, but with around 40% less volatility.
Both the rear vision and the windscreen are in a rare agreement: in a continuing period of low growth combined with heightened economic and social volatility, fixed income investments will need to form a greater proportion of a well balanced portfolio, particular for a conservative, income seeking investor. High yield and investment grade corporate bonds, weighted according to an individual’s risk preference, infrastructure bonds, property assets (with limited gearing) and low risk, low dividend payout ratio equities will most likely produce the best risk adjusted returns in the coming years.