R.G. Associates, Inc. Composite Performance (RGA CP):

at March 31, 2021

All performance data is net of advisory fees.  3, 5, 10 year returns are annualized total returns.  Inception is the annualized total return since 12/31/1992.  S&P 500 Total Return sourced from www.standardandpoors.com.  Past performance is not indicative of future results.

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Jack Ciesielski, CPA, CFA

R.G. Associates, Inc.

1510 Pinnacle Road

Towson, MD 21286

Phone: 443-977-4370

E-mail: jciesielski@accountingobserver.com