MUTUAL FUND AVERAGES AS OF 12/31/2015

MUTUAL FUND AVERAGES AS OF 12/31/2015

Mutual Fund Category

Ultrashort Term Bond Fund Average Short Term Corporate Bond Fund Average Short Term Gov't. Bond Fund Average Medium Term Corporate Bond Fund Average Medium Term Gov't. Bond Fund Average High Yield Bond Fund Average Inflation-Protected Bond Fund Average World Bond Fund Average 5-Star Taxable Bond Fund Average

Net Return YTD

Net Return Last 3 Mo.

0.17% -0.01%

0.19% -0.41%

0.17% -0.57%

-0.26% -0.56%

0.49% -0.58%

-4.01% -1.95%

-2.36% -0.62%

-4.00% -0.49%

0.32% -0.30%

Annualized Net Returns

1 Year 0.17% 0.19% 0.17% -0.26% 0.49% -4.01% -2.36% -4.00% 0.32%

3 Years 0.35% 0.54% 0.07% 1.16% 0.78% 1.28% -2.83% -1.52% 2.27%

5 Years 0.70% 1.49% 0.68% 3.22% 2.32% 4.11% 1.55% 1.31% 4.44%

10 Years 1.73% 2.86% 2.42% 4.18% 3.79% 5.58% 3.01% 3.93% 5.36%

Largest Economy

Sector N/A N/A N/A N/A N/A N/A N/A N/A N/A

Large Company Growth Stock Fund Average Large Company Blend Stock Fund Average Large Company Value Stock Fund Average

3.60% -1.07% -4.05%

6.73% 5.56% 4.73%

3.60% -1.07% -4.05%

15.27% 13.22% 11.63%

11.70% 10.75%

9.75%

7.34% 6.44% 5.59%

Sensitive Sensitive Sensitive

Mid-Cap Company Growth Stock Fund AMvide-rCagape Company Blend Stock Fund Average

Mid-Cap Company Value Stock Fund Average

-0.95% -4.75% -5.41%

3.31% 2.37% 2.68%

-0.95% -4.75% -5.41%

12.82% 11.44% 11.51%

9.59% 9.08% 9.06%

7.16% 6.50% 6.59%

Sensitive Cyclical Cyclical

Small Company Growth Stock Fund Average Small Company Blend Stock Fund Average Small Company Value Stock Fund Average

-2.41% -5.38% -6.71%

2.84% 2.68% 2.02%

-2.41% -5.38% -6.71%

12.20% 10.34%

9.43%

9.40% 8.22% 7.68%

7.14% 6.27% 6.02%

Sensitive Cyclical Cyclical

Financial Sector Stock Fund Average Health Sector Stock Fund Average Technology Sector Stock Fund Average Utilities Sector Stock Fund Average 5-Star Domestic Stock Fund Average

-0.87% 8.05% 5.21% -9.86% 2.36%

3.40% 8.33% 9.28% 0.32% 5.69%

-0.87% 8.05% 5.21% -9.86% 2.36%

12.05% 26.77% 17.00%

7.62% 15.58%

8.46% 21.20% 10.68%

7.93% 12.77%

2.05% 11.99%

8.35% 6.47% 8.73%

Cyclical Defensive Sensitive Defensive Cyclical

Foreign Stock Fund Average World Stock Fund Average Div. Emerging Markets Stock Fund Average 5-Star International Stock Fund Average

-0.33% -1.69% -13.79% 1.27%

3.79% 4.14% 0.69% 4.55%

-0.33% -1.69% -13.79% 1.27%

4.52% 8.26% -5.69% 7.61%

3.27% 6.51% -4.45% 6.02%

3.35% 4.95% 3.19% 6.30%

Cyclical Sensitive Cyclical Cyclical

Conservative Allocation Fund Average Moderate Allocation Fund Average Aggressive Allocation Fund Average

-2.32% -1.93% -2.77%

0.93% 2.57% 3.26%

-2.32% -1.93% -2.77%

3.18% 6.96% 7.86%

4.30% 6.51% 6.70%

Information used to determine averages was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Do not use this information as the sole basis for making investment decisions. See Mutual Fund Definitions and Explanations for more details.

4.15% 5.23% 4.11%

Cyclical Cyclical Cyclical

Largest Sector Weight N/A N/A N/A N/A N/A N/A N/A N/A N/A

Number % of Assets of Fund In Top 10 Holdings Holdings

376

37%

431

34%

373

50%

888

41%

701

53%

335

21%

192

71%

441

62%

725

47%

Fund Expense Ratio %

0.56% 0.83% 0.80% 0.85% 0.94% 1.10% 0.79% 1.04% 0.72%

3-Year Standard Deviation

0.42% 1.25% 1.03% 2.98% 2.52% 5.18% 4.73% 4.57% 3.34%

3-Year Sharpe Ratio

0.66 0.45 -0.02 0.40 0.32 0.31 -0.58 -0.21 0.77

41% 39% 38%

112

37% 1.19% 11.56%

1.29

239

37% 1.08% 10.97%

1.19

110

32% 1.12% 11.00%

1.06

42% 43% 47%

109

27% 1.29% 12.21%

1.06

234

30% 1.20% 11.71%

0.99

141

25% 1.23% 11.59%

1.01

43% 45% 51%

185

24% 1.36% 14.52%

0.87

369

27% 1.25% 13.68%

0.80

237

23% 1.36% 13.42%

0.75

96% 98% 83% 75% 38%

88

39% 2.48% 12.24%

1.02

110

40% 1.37% 15.54%

1.66

90

45% 1.48% 13.44%

1.24

76

45% 1.24% 11.95%

1.67

132

32% 0.96% 12.03%

1.03

43% 37% 44% 39%

279

32% 1.24% 11.88%

0.44

174

36% 1.36% 11.28%

0.76

235

34% 1.54% 13.70% -0.36

157

37% 1.27% 11.88%

0.69

41% 38% 40%

366

69% 1.20% 5.09%

0.66

476

52% 1.23% 7.28%

0.96

194

71% 1.36% 9.14%

0.87

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

Index Name 3?Month Treasury Bill Index Barclays Gov't./Credit Bond Index Russell 1000 Index Russell 2000 Index MSCI EAFE NR USD Index

INDEX INFORMATION AS OF 12/31/2015

Total Return

YTD

0.05%

Total Return Last 3 Mo.

0.04%

Annualized Total Returns

1 Year 3 Years 5 Years 10 Years 0.05% 0.05% 0.06% 1.18%

Largest Economy

Sector

N/A

0.15%

-0.74% 0.15% 1.21% 3.39% 4.47%

N/A

0.92%

6.50% 0.92% 15.01% 12.44% 7.40% Sensitive

-4.41%

3.59% -4.41% 11.65% 9.19% 6.80% Cyclical

-0.81%

4.71% -0.81% 5.01% 3.60% 3.03% Cyclical

Largest Sector Weight

N/A

3-Year Standard Deviation

0.01%

3-Year Sharpe Ratio

N/A

N/A

3.30%

0.37

40% 10.63%

1.37

43% 14.16%

0.85

45% 12.64%

0.44

3-Month Treasury Bill Index is composed of 3-month Treasury Bills that are short-term securities issued by the U.S. government that are generally considered to be risk-free. This index serves as a benchmark for money market funds.

Barclays Gov't./Credit Bond Index is a combination of government and corporate bond indices. This index serves as a benchmark for higher quality corporate bond funds, government bond funds, and many stable value funds.

Russell 1000 Index is composed of the 1,000 largest U.S. companies by market capitalization, representing about 90% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for primarily large company and some medium company U.S. (domestic) stock funds.

Russell 2000 Index is composed of the next 2,000 largest U.S. companies (after the first 1,000 companies) by market capitalization, representing about 7% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for some medium company and primarily small company U.S. (domestic) stock funds.

MSCI EAFE NR USD Index is an aggregate of 21 individual foreign country indices that collectively represent many of the major stock markets of the world. EAFE refers to Europe, Australasia, and the Far East. Index returns include reinvestment of dividends. This index serves as a benchmark for foreign stock funds.

Information shown was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Indices are not investments; they are only benchmarks. Do not use this information as the sole basis for making investment decisions.

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

MUTUAL FUND AVERAGES AS OF 09/30/2015

Mutual Fund Category

Ultrashort Term Bond Fund Average Short Term Corporate Bond Fund Average Short Term Gov't. Bond Fund Average Medium Term Corporate Bond Fund Average Medium Term Gov't. Bond Fund Average High Yield Bond Fund Average Inflation-Protected Bond Fund Average World Bond Fund Average 5-Star Taxable Bond Fund Average

Net Return YTD

Net Return Last 3 Mo.

0.18% -0.13%

0.60% -0.14%

0.76% 0.26%

0.33% 0.32%

1.09% 0.94%

-2.16% -4.46%

-1.71% -1.84%

-3.56% -1.26%

0.37% -0.97%

Annualized Net Returns

1 Year 0.07% 0.53% 1.03% 1.46% 2.41% -3.61% -2.51% -4.50% 0.63%

3 Years 0.40% 0.76% 0.25% 1.58% 0.90% 2.90% -2.46% -0.93% 3.08%

5 Years 0.75% 2.92% 0.74% 3.15% 2.24% 5.21% 1.53% 1.22% 4.67%

10 Years 1.80% 3.49% 2.53% 4.29% 3.91% 5.87% 3.05% 3.83% 5.52%

Largest Economy

Sector N/A N/A N/A N/A N/A N/A N/A N/A N/A

Large Company Growth Stock Fund Average Large Company Blend Stock Fund Average Large Company Value Stock Fund Average

-2.94% -6.49% -8.36%

-6.69% -7.53% -8.42%

1.36% -2.48% -4.97%

12.52% 11.28% 10.27%

12.64% 11.68% 10.79%

6.96% 5.97% 5.26%

Sensitive Sensitive Sensitive

Mid-Cap Company Growth Stock Fund AMvide-rCagape Company Blend Stock Fund Average

Mid-Cap Company Value Stock Fund Average

-4.18% -6.92% -7.68%

-9.49% -9.14% -9.19%

0.83% -2.41% -3.16%

12.02% 11.74% 12.04%

11.71% 11.19% 11.31%

7.15% 6.39% 6.47%

Sensitive Cyclical Cyclical

Small Company Growth Stock Fund Average Small Company Blend Stock Fund Average Small Company Value Stock Fund Average

-5.18% -7.74% -8.76%

-11.98% -10.90% -10.32%

2.39% -1.11% -2.99%

11.17% 10.38% 10.12%

12.11% 10.94% 10.20%

7.03% 6.11% 5.92%

Sensitive Cyclical Cyclical

Financial Sector Stock Fund Average Health Sector Stock Fund Average Technology Sector Stock Fund Average Utilities Sector Stock Fund Average 5-Star Domestic Stock Fund Average

-4.10% -0.19% -3.96% -10.17% -3.31%

-7.51% -13.65%

-7.69% -3.59% -6.90%

-0.13% 9.00% 0.41% -4.73% 2.79%

12.28% 22.65% 12.95%

7.35% 13.94%

9.70% 20.66% 11.18%

8.91% 14.04%

2.09% 11.37%

7.85% 6.05% 8.49%

Cyclical Defensive Sensitive Defensive Cyclical

Foreign Stock Fund Average World Stock Fund Average Div. Emerging Markets Stock Fund Average 5-Star International Stock Fund Average

-3.99% -5.54% -14.36% -3.24%

-9.85% -8.66% -15.87% -9.10%

-7.10% -5.02% -18.77% -4.40%

5.29% 7.95% -4.12% 8.25%

4.02% 7.37% -3.43% 6.70%

3.52% 3.85% 3.75% 6.10%

Cyclical Sensitive Cyclical Cyclical

Conservative Allocation Fund Average Moderate Allocation Fund Average Aggressive Allocation Fund Average

-3.22% -4.44% -5.85%

-3.83% -5.60% -7.63%

-2.55% -2.51% -4.10%

3.25% 6.41% 7.19%

4.86% 7.33% 7.79%

Information used to determine averages was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Do not use this information as the sole basis for making investment decisions. See Mutual Fund Definitions and Explanations for more details.

4.14% 5.08% 4.73%

Cyclical Cyclical Cyclical

Largest Sector Weight N/A N/A N/A N/A N/A N/A N/A N/A N/A

Number % of Assets of Fund In Top 10 Holdings Holdings

383

35%

435

35%

374

51%

866

43%

706

54%

338

21%

191

77%

435

62%

700

39%

Fund Expense Ratio %

0.56% 0.84% 0.82% 0.86% 0.94% 1.10% 0.79% 1.07% 0.75%

3-Year Standard Deviation

0.42% 1.19% 1.01% 2.93% 2.51% 4.72% 4.72% 4.51% 3.30%

3-Year Sharpe Ratio

0.72 0.69 0.18 0.55 0.38 0.68 -0.52 -0.08 1.04

41% 39% 37%

113

35% 1.20% 11.01%

1.13

235

36% 1.09% 10.17%

1.10

109

31% 1.13% 10.20%

1.01

42% 41% 47%

108

27% 1.29% 11.83%

1.03

237

29% 1.20% 11.18%

1.06

136

25% 1.24% 10.89%

1.10

44% 45% 51%

188

24% 1.37% 14.17%

0.82

372

25% 1.25% 12.96%

0.84

231

22% 1.37% 12.71%

0.84

97% 98% 83% 73% 39%

87

41% 2.71% 11.88%

1.07

110

39% 1.40% 15.24%

1.46

91

45% 1.49% 13.04%

1.01

77

43% 1.27% 11.76%

0.66

133

33% 1.02% 11.58%

1.23

44% 37% 45% 44%

276

30% 1.25% 11.48%

0.51

173

38% 1.36% 10.56%

0.77

230

32% 1.55% 13.47% -0.24

158

35% 1.27% 11.41%

0.76

41% 38% 40%

372

68% 1.21% 4.72%

0.72

486

52% 1.24% 6.72%

0.96

205

67% 1.37% 8.50%

0.86

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

Index Name 3?Month Treasury Bill Index Barclays Gov't./Credit Bond Index Russell 1000 Index Russell 2000 Index MSCI EAFE NR USD Index

INDEX INFORMATION AS OF 09/30/2015

Total Return

YTD

0.02%

Total Return Last 3 Mo.

0.01%

Annualized Total Returns

1 Year 3 Years 5 Years 10 Years 0.02% 0.05% 0.06% 1.27%

Largest Economy

Sector

N/A

0.90%

1.20% 2.73% 1.59% 3.10% 4.61%

N/A

-5.24%

-6.83% -0.61% 12.66% 13.42% 6.95% Sensitive

-7.73% -11.92% 1.25% 11.02% 11.73% 6.55% Cyclical

-5.28% -10.23% -8.66% 5.63% 3.98% 2.97% Cyclical

Largest Sector Weight

N/A

3-Year Standard Deviation

0.01%

3-Year Sharpe Ratio

N/A

N/A

3.28%

0.48

40% 9.80%

1.27

44% 13.59%

0.84

46% 11.94%

0.51

3-Month Treasury Bill Index is composed of 3-month Treasury Bills that are short-term securities issued by the U.S. government that are generally considered to be risk-free. This index serves as a benchmark for money market funds.

Barclays Gov't./Credit Bond Index is a combination of government and corporate bond indices. This index serves as a benchmark for higher quality corporate bond funds, government bond funds, and many stable value funds.

Russell 1000 Index is composed of the 1,000 largest U.S. companies by market capitalization, representing about 90% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for primarily large company and some medium company U.S. (domestic) stock funds.

Russell 2000 Index is composed of the next 2,000 largest U.S. companies (after the first 1,000 companies) by market capitalization, representing about 7% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for some medium company and primarily small company U.S. (domestic) stock funds.

MSCI EAFE NR USD Index is an aggregate of 21 individual foreign country indices that collectively represent many of the major stock markets of the world. EAFE refers to Europe, Australasia, and the Far East. Index returns include reinvestment of dividends. This index serves as a benchmark for foreign stock funds.

Information shown was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Indices are not investments; they are only benchmarks. Do not use this information as the sole basis for making investment decisions.

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

MUTUAL FUND AVERAGES AS OF 06/30/2015

Mutual Fund Category

Ultrashort Term Bond Fund Average Short Term Corporate Bond Fund Average Short Term Gov't. Bond Fund Average Medium Term Corporate Bond Fund Average Medium Term Gov't. Bond Fund Average High Yield Bond Fund Average Inflation-Protected Bond Fund Average World Bond Fund Average 5-Star Taxable Bond Fund Average

Net Return YTD

Net Return Last 3 Mo.

0.31% 0.10%

0.75% -0.04%

0.49% -0.11%

0.02% -1.50%

0.14% -0.94%

2.41% 0.15%

0.09% -1.00%

-2.40% -1.92%

1.27% -0.35%

Annualized Net Returns

1 Year 0.27% 0.47% 0.70% 1.04% 1.52% -1.12% -2.84% -5.26% 0.61%

3 Years 0.69% 1.27% 0.36% 2.28% 0.96% 6.02% -1.20% 0.71% 4.75%

5 Years 0.98% 1.87% 0.89% 3.70% 2.33% 7.61% 2.41% 2.81% 5.87%

10 Years 1.88% 2.91% 2.52% 4.19% 3.76% 6.53% 3.24% 2.88% 5.73%

Largest Economy

Sector N/A N/A N/A N/A N/A N/A N/A N/A N/A

Large Company Growth Stock Fund Average Large Company Blend Stock Fund Average Large Company Value Stock Fund Average

4.02% 1.08% 0.07%

0.50% -0.09% -0.11%

9.39% 5.49% 3.15%

17.48% 16.50% 15.80%

16.96% 15.84% 15.03%

8.26% 7.26% 6.59%

Sensitive Sensitive Sensitive

Mid-Cap Company Growth Stock Fund AMvide-rCagape Company Blend Stock Fund Average

Mid-Cap Company Value Stock Fund Average

5.88% 2.54% 1.63%

0.44% -0.68% -0.94%

8.92% 3.86% 2.94%

17.53% 17.31% 17.84%

16.81% 15.90% 16.08%

8.89% 8.00% 9.02%

Sensitive Cyclical Cyclical

Small Company Growth Stock Fund Average Small Company Blend Stock Fund Average Small Company Value Stock Fund Average

7.71% 3.50% 1.71%

1.83% -0.12% -0.53%

9.60% 3.42% 0.51%

17.99% 16.72% 16.07%

17.65% 15.95% 14.76%

9.00% 7.92% 7.58%

Sensitive Cyclical Cyclical

Financial Sector Stock Fund Average Health Sector Stock Fund Average Technology Sector Stock Fund Average Utilities Sector Stock Fund Average 5-Star Domestic Stock Fund Average

3.62% 15.67%

3.79% -6.74% 4.54%

3.01% 4.52% 0.80% -4.53% 0.66%

6.14% 32.22%

9.03% -5.95% 9.30%

17.71% 31.30% 17.79%

9.82% 20.04%

12.78% 26.59% 16.25% 12.36% 19.14%

3.01% 13.84%

9.55% 7.34% 10.26%

Cyclical Defensive Sensitive Defensive Sensitive

Foreign Stock Fund Average World Stock Fund Average Div. Emerging Markets Stock Fund Average 5-Star International Stock Fund Average

6.41% 3.44% 1.79% 7.96%

1.65% 0.51% 0.65% 1.77%

-3.17% 0.60% -6.70% 0.74%

11.44% 13.46%

3.79% 15.37%

9.56% 12.29%

3.45% 12.93%

5.65% 6.65% 7.30% 8.19%

Cyclical Sensitive Cyclical Cyclical

Conservative Allocation Fund Average Moderate Allocation Fund Average Aggressive Allocation Fund Average

0.60% 1.23% 1.95%

-0.86% -0.53% -0.41%

-0.21% 2.06% 1.69%

5.88% 10.08% 11.94%

7.00% 10.38% 11.75%

Information used to determine averages was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Do not use this information as the sole basis for making investment decisions. See Mutual Fund Definitions and Explanations for more details.

4.78% 5.98% 6.00%

Cyclical Sensitive Cyclical

Largest Sector Weight N/A N/A N/A N/A N/A N/A N/A N/A N/A

Number % of Assets of Fund In Top 10 Holdings Holdings

387

40%

440

35%

376

53%

860

42%

691

56%

340

21%

180

90%

424

65%

667

40%

Fund Expense Ratio %

0.57% 0.84% 0.81% 0.87% 0.96% 1.10% 0.80% 1.06% 0.78%

3-Year Standard Deviation

0.45% 1.24% 1.02% 3.00% 2.54% 4.34% 4.79% 4.66% 3.55%

3-Year Sharpe Ratio

1.22 1.07 0.30 0.76 0.40 1.42 -0.22 0.28 1.41

43% 40% 37%

113

35% 1.20% 9.76%

1.72

231

36% 1.11% 8.96%

1.75

107

30% 1.14% 9.02%

1.68

44% 41% 46%

110

27% 1.32% 10.67%

1.58

257

79% 1.20% 10.12%

1.64

135

25% 1.24% 9.81%

1.74

45% 45% 50%

181

23% 1.37% 12.86%

1.36

362

26% 1.26% 11.99%

1.37

232

22% 1.37% 11.85%

1.33

97% 98% 86% 71% 39%

84

42% 2.54% 10.95%

1.59

105

39% 1.41% 12.61%

2.32

90

43% 1.55% 12.21%

1.43

79

42% 1.27% 11.71%

0.92

132

37% 1.01% 10.94%

1.79

43% 37% 45% 42%

274

30% 1.28% 10.45%

1.10

173

39% 1.37% 9.40%

1.40

230

32% 1.58% 12.26%

0.38

164

46% 1.23% 10.21%

1.47

41% 38% 39%

368

69% 1.22% 4.31%

1.38

483

51% 1.24% 5.92%

1.66

187

67% 1.37% 7.43%

1.56

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

Index Name 3?Month Treasury Bill Index Barclays Gov't./Credit Bond Index Russell 1000 Index Russell 2000 Index MSCI EAFE NR USD Index

INDEX INFORMATION AS OF 06/30/2015

Total Return

YTD

0.01%

Total Return Last 3 Mo.

0.00%

Annualized Total Returns

1 Year 3 Years 5 Years 10 Years 0.02% 0.05% 0.06% 1.36%

Largest Economy

Sector

N/A

-0.30%

-2.10% 1.69% 1.77% 3.52% 4.38%

N/A

1.71%

0.11% 7.37% 17.73% 17.58% 8.13% Sensitive

4.75%

0.42% 6.49% 17.82% 17.08% 7.50% Cyclical

6.91%

1.01% -1.33% 12.11% 10.09% 5.80% Cyclical

Largest Sector Weight

N/A

3-Year Standard Deviation

0.01%

3-Year Sharpe Ratio

N/A

N/A

3.36%

0.52

40% 8.58%

1.95

43% 12.50%

1.38

37% 9.76%

1.22

3-Month Treasury Bill Index is composed of 3-month Treasury Bills that are short-term securities issued by the U.S. government that are generally considered to be risk-free. This index serves as a benchmark for money market funds.

Barclays Gov't./Credit Bond Index is a combination of government and corporate bond indices. This index serves as a benchmark for higher quality corporate bond funds, government bond funds, and many stable value funds.

Russell 1000 Index is composed of the 1,000 largest U.S. companies by market capitalization, representing about 90% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for primarily large company and some medium company U.S. (domestic) stock funds.

Russell 2000 Index is composed of the next 2,000 largest U.S. companies (after the first 1,000 companies) by market capitalization, representing about 7% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for some medium company and primarily small company U.S. (domestic) stock funds.

MSCI EAFE NR USD Index is an aggregate of 21 individual foreign country indices that collectively represent many of the major stock markets of the world. EAFE refers to Europe, Australasia, and the Far East. Index returns include reinvestment of dividends. This index serves as a benchmark for foreign stock funds.

Information shown was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Indices are not investments; they are only benchmarks. Do not use this information as the sole basis for making investment decisions.

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

MUTUAL FUND AVERAGES AS OF 03/31/2015

Mutual Fund Category

Ultrashort Term Bond Fund Average Short Term Corporate Bond Fund Average Short Term Gov't. Bond Fund Average Medium Term Corporate Bond Fund Average Medium Term Gov't. Bond Fund Average High Yield Bond Fund Average Inflation-Protected Bond Fund Average World Bond Fund Average 5-Star Taxable Bond Fund Average

Net Return YTD

Net Return Last 3 Mo.

0.21% 0.21%

0.79% 0.79%

0.59% 0.59%

1.54% 1.54%

1.09% 1.09%

2.25% 2.25%

1.10% 1.10%

-0.54% -0.54%

1.76% 1.76%

Annualized Net Returns

1 Year 0.33% 1.27% 1.26% 4.75% 4.31% 0.75% 1.30% -1.05% 4.31%

3 Years 0.78% 1.52% 0.51% 3.44% 1.81% 6.35% -0.18% 1.58% 5.49%

5 Years 1.10% 2.17% 1.20% 4.62% 3.22% 7.45% 3.23% 3.24% 6.54%

10 Years 1.96% 3.06% 2.67% 4.64% 4.09% 6.74% 3.66% 4.15% 6.14%

Largest Economy

Sector N/A N/A N/A N/A N/A N/A N/A N/A N/A

Large Company Growth Stock Fund Average Large Company Blend Stock Fund Average Large Company Value Stock Fund Average

3.45% 1.13% 0.18%

3.45% 1.13% 0.18%

13.30% 10.34%

7.86%

15.06% 14.87% 14.43%

13.86% 12.97% 12.25%

8.48% 7.32% 6.72%

Sensitive Sensitive Sensitive

Mid-Cap Company Growth Stock Fund AMvide-rCagape Company Blend Stock Fund Average

Mid-Cap Company Value Stock Fund Average

5.36% 3.29% 2.58%

5.36% 3.29% 2.58%

11.20% 8.76% 8.89%

14.95% 15.68% 16.30%

14.47% 13.75% 13.69%

9.17% 8.40% 8.43%

Sensitive Sensitive Cyclical

Small Company Growth Stock Fund Average Small Company Blend Stock Fund Average Small Company Value Stock Fund Average

5.78% 3.60% 2.29%

5.78% 3.60% 2.29%

8.06% 6.03% 3.94%

15.21% 14.88% 14.29%

9.20% 13.72% 12.55%

5.44% 8.30% 7.92%

Sensitive Cyclical Cyclical

Financial Sector Stock Fund Average Health Sector Stock Fund Average Technology Sector Stock Fund Average Utilities Sector Stock Fund Average 5-Star Domestic Stock Fund Average

0.15% 10.71%

2.99% -2.30% 3.85%

0.15% 10.71%

2.99% -2.30% 3.85%

3.39% 32.38% 13.10%

6.79% 13.54%

13.95% 30.30% 13.73% 12.51% 18.17%

8.65% 22.35% 13.54% 11.94% 16.41%

3.04% 14.24%

9.79% 8.45% 10.51%

Cyclical Defensive Sensitive Defensive Sensitive

Foreign Stock Fund Average World Stock Fund Average Div. Emerging Markets Stock Fund Average 5-Star International Stock Fund Average

4.68% 2.82% 1.13% 4.56%

4.68% 2.82% 1.13% 4.56%

-1.26% 4.19% -1.18% 4.92%

8.19% 10.89%

0.63% 11.63%

8.33% 9.45% 1.45% 9.64%

5.45% 6.63% 7.59% 8.76%

Cyclical Sensitive Cyclical Cyclical

Conservative Allocation Fund Average Moderate Allocation Fund Average Aggressive Allocation Fund Average

1.41% 1.81% 2.32%

1.47% 1.81% 2.32%

3.65% 6.19% 6.42%

5.87% 9.45% 10.74%

6.53% 8.97% 9.70%

Information used to determine averages was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Do not use this information as the sole basis for making investment decisions. See Mutual Fund Definitions and Explanations for more details.

5.13% 6.26% 6.24%

Cyclical Sensitive Cyclical

Largest Sector Weight N/A N/A N/A N/A N/A N/A N/A N/A N/A

Number % of Assets of Fund In Top 10 Holdings Holdings

406

44%

439

39%

406

52%

841

42%

697

53%

332

22%

167 100%

413

65%

649

45%

Fund Expense Ratio %

0.59% 0.85% 0.81% 0.88% 0.95% 1.10% 0.82% 1.07% 0.76%

3-Year Standard Deviation

0.55% 1.24% 1.02% 2.94% 2.56% 4.45% 4.91% 4.68% 4.00%

3-Year Sharpe Ratio

1.26 1.33 0.42 1.16 0.72 1.46 -0.04 0.50 1.52

43% 40% 38%

110

34% 1.22% 10.88%

1.36

223

37% 1.14% 10.06%

1.43

105

30% 1.15% 10.14%

1.39

44% 41% 47%

106

27% 1.34% 11.77%

1.25

263

30% 1.24% 11.20%

1.36

124

25% 1.27% 10.81%

1.46

46% 45% 51%

179

22% 1.39% 13.84%

1.10

332

26% 1.28% 12.93%

1.15

235

22% 1.38% 12.85%

1.12

96% 98% 86% 71% 38%

75

41% 2.48% 12.37%

1.16

98

39% 1.43% 12.85%

2.19

82

43% 1.57% 13.61%

1.03

83

43% 1.29% 11.03%

1.13

151

37% 0.98% 11.57%

1.55

43% 37% 100% 42%

267

31% 1.31% 12.46%

0.70

168

44% 1.39% 10.97%

1.01

230

32% 1.60% 13.36%

0.13

149

40% 1.32% 11.68%

1.02

41% 38% 38%

369

70% 1.24% 4.66%

1.29

484

61% 1.26% 6.67%

1.40

200

67% 1.38% 8.60%

1.23

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

Index Name 3?Month Treasury Bill Index Barclays Gov't./Credit Bond Index Russell 1000 Index Russell 2000 Index MSCI EAFE NR USD Index

INDEX INFORMATION AS OF 03/31/2015

Total Return

YTD

0.00%

Total Return Last 3 Mo.

0.00%

Annualized Total Returns

1 Year 3 Years 5 Years 10 Years 0.03% 0.06% 0.07% 1.44%

Largest Economy

Sector

N/A

1.84%

1.84% 5.86% 3.36% 4.75% 4.96%

N/A

1.59%

1.59% 12.73% 16.45% 14.73% 8.34% Sensitive

4.32%

4.32% 8.21% 16.27% 14.57% 8.82% Cyclical

4.88%

4.88% -0.92% 9.02% 6.16% 4.95% Cyclical

Largest Sector Weight

N/A

3-Year Standard Deviation

0.01%

3-Year Sharpe Ratio

N/A

N/A

3.32%

0.99

40% 9.62%

1.63

43% 13.41%

1.19

46% 13.04%

0.72

3-Month Treasury Bill Index is composed of 3-month Treasury Bills that are short-term securities issued by the U.S. government that are generally considered to be risk-free. This index serves as a benchmark for money market funds.

Barclays Gov't./Credit Bond Index is a combination of government and corporate bond indices. This index serves as a benchmark for higher quality corporate bond funds, government bond funds, and many stable value funds.

Russell 1000 Index is composed of the 1,000 largest U.S. companies by market capitalization, representing about 90% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for primarily large company and some medium company U.S. (domestic) stock funds.

Russell 2000 Index is composed of the next 2,000 largest U.S. companies (after the first 1,000 companies) by market capitalization, representing about 7% of the U.S. stock market. Index returns include reinvestment of dividends. This index serves as a benchmark for some medium company and primarily small company U.S. (domestic) stock funds.

MSCI EAFE NR USD Index is an aggregate of 21 individual foreign country indices that collectively represent many of the major stock markets of the world. EAFE refers to Europe, Australasia, and the Far East. Index returns include reinvestment of dividends. This index serves as a benchmark for foreign stock funds.

Information shown was obtained from Morningstar, Inc. Information shown is believed to be reliable, but accuracy is not guaranteed. Indices are not investments; they are only benchmarks. Do not use this information as the sole basis for making investment decisions.

SHAW & COMPANY

7700 N. Kendall Drive, Suite 710, Miami, Florida 33156 Phone: (305) 595-2740 Fax: (305) 595-8227

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