Client Name - Morningstar, Inc.

Proposal Prepared for:

Client Name

Client Company

Prepared by:

Wholesaler Name

Wholesaler Address Wholesaler Email

* Insert your custom disclosure statement here. A disclosure statement is typically required by compliance departments when presenting and distributing investment proposal materials to clients and prospects. Check with your compliance department for more information on proper disclosure language.

Investment Growth (3 Year)

Portfolio Growth of 1 Million

Time Period: 1/1/2014 to 12/31/2016 $ 1.3M

$ 1.2M

$ 1.2M

$ 1.1M

$ 1.1M

$ 1.0M

$ 1.0M

3/2014

6/2014

9/2014

12/2014

3/2015

6/2015

9/2015

12/2015

3/2016

6/2016

9/2016

12/2016

Home Office Aggressive Strategy Model MSCI World NR USD

1.1M

Home Office Diversified Strategy Model

1.1M

1.1M

FTSE World Americas TR USD

1.2M

Calendar Year Total Return

Calendar Year Returns

Expressed in percentage terms, Morningstar's calculation of total return is determined each month by taking the change in monthly net asset value, reinvesting all income and capital-gains distributions during that month, and dividing by the starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads and redemption fees), preferring to give a clearer picture of a fund's performance. The total returns do account for management, administrative, 12b-1 fees and

+/YTD

Benchmark

+/2016

Benchmark

+/2015

Benchmark

+/2014

Benchmark

Home Office Aggressive Strategy Model

8.75%

-4.04%

8.75%

-4.04%

-2.12%

-0.89%

4.42%

-7.34%

Home Office Diversified Strategy Model FTSE World Americas TR USD

6.61% 12.79%

-6.18%

6.61% 12.79%

-6.18%

-3.30% -1.23%

-2.07%

2.61% 11.76%

-9.15%

MSCI World NR USD

7.51%

7.51%

-0.87%

4.94%

other costs taken out of fund assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures.

* Insert your custom disclosure statement here. A disclosure statement is typically required by compliance departments when presenting and distributing investment proposal materials to clients and prospects. Check with your compliance department for more information on proper disclosure language.

Investment Growth (Since Common Inception)

Portfolio Growth of 1 Million

Time Period: 10/2/2010 to 12/31/2016

$ 2.1M $ 2.0M $ 1.9M $ 1.8M $ 1.7M $ 1.6M $ 1.5M $ 1.4M $ 1.3M $ 1.2M $ 1.1M $ 1.0M $ 0.9M

6/2011

12/2011

6/2012

12/2012

6/2013

12/2013

6/2014

12/2014

6/2015

12/2015

6/2016

12/2016

Home Office Aggressive Strategy Model MSCI World NR USD

1.5M 1.7M

Home Office Diversified Strategy Model

1.4M

FTSE World Americas TR USD

2.0M

Inception Information

Calendar Year Returns

Home Office Aggressive Strategy Model Inception: 10/1/2010

Home Office Diversified Strategy Model Inception: 10/1/2010

Home Office Aggressive Strategy Model Home Office Diversified Strategy Model FTSE World Americas TR USD MSCI World NR USD

+/YTD

Benchmark

8.75% 6.61% 12.79% 7.51%

-4.04% -6.18%

2016

+/Benchmark

8.75% 6.61% 12.79% 7.51%

-4.04% -6.18%

2015

+/Benchmark

-2.12% -3.30% -1.23% -0.87%

-0.89% -2.07%

2014

+/Benchmark

4.42% 2.61% 11.76% 4.94%

-7.34% -9.15%

Common Inception

+/Benchmark

6.12% 5.13% 11.48% 8.22%

-5.36% -6.35%

* Insert your custom disclosure statement here. A disclosure statement is typically required by compliance departments when presenting and distributing investment proposal materials to clients and prospects. Check with your compliance department for more information on proper disclosure language.

Return Distribution (Since Common Inception)

Number of Periods

Time Period: 11/1/2010 to 12/31/2016

22.0 20.0

18.0 16.0 14.0 12.0

10.0 8.0 6.0 4.0

2.0

0.0

-8.0

-7.0

-6.0

-5.0

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Home Office Aggressive Strategy Model

Average Observations Median Best Month Best Month Date Worst Month Worst Month Date Skewness Kurtosis

Home Office Aggressive Strategy Model 0.53% 74.00 0.52% 7.34% 10/31/2011 -6.58% 9/30/2011 -0.21 0.80

Home Office Diversified Strategy Model

Home Office

Skewness & Kurtosis

Diversified Strategy Model 0.44% 74.00

The skewness measures the symmetry of a distribution. The standard normal distribution has a skewness of zero, and therefore, it is said to be symmetric. If the distribution of a data set has a skewness less than zero, the data is skewed to the left. Conversely, data that has a positive skewness is said to be skewed to the right. For example, asset prices follow a lognormal distribution, which is skewed to the right because asset prices are non-negative. The kurtosis measures the tail ends of a distribution and whether the distribution of a data set has skinny tails or fat tails in

0.44% relation to the normal distribution. The standard normal distribution has a kurtosis of three, which indicates data that follow a

7.34% Gaussian distribution have neither fat or thin tails. Therefore, if observed data have a kurtosis greater than three, it is said to

10/31/2011 have heavy tails when compared to the normal distribution. If the data have a kurtosis less than three, it is said to have thin

-6.58% tails.

9/30/2011 For example, stock market returns are said to follow a normal distribution in theory. However, in reality, asset returns tend to

-0.22 have fat tails. Observed asset returns have typically had moves greater than three standard deviations beyond the mean more

1.42 than expected under the assumptions of the normal distribution.

* Insert your custom disclosure statement here. A disclosure statement is typically required by compliance departments when presenting and distributing investment proposal materials to clients and prospects. Check with your compliance department for more information on proper disclosure language.

Asset Allocation

Current Portfolio Home Office Aggressive Strategy Model - Asset Allocation (US)

Portfolio Date: 12/31/2016

Proposed Portfolio Home Office Diversified Strategy Model - Asset Allocation (US)

Portfolio Date: 12/31/2016

Cash US Equity Non-US Equity US Bond Non-US Bond Other

Total

% 10.1 53.2 11.5 20.1 4.1 0.9

100.0

Cash US Equity Non-US Equity US Bond Non-US Bond Other

Total

% 17.9 28.0 11.2 33.4 7.6

1.9

100.0

* Insert your custom disclosure statement here. A disclosure statement is typically required by compliance departments when presenting and distributing investment proposal materials to clients and prospects. Check with your compliance department for more information on proper disclosure language.

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