Mutual Fund Broad diversification, distinctive ...

1 Broad diversification , distinctive , independent research and progressive risk management in five core model portfolios that span the risk spectrum. Mutual FundPortfoliosAsset Allocation Morningstar Investment Services LLC Inside Our Investment ProcessEach portfolio is created using a continual, five-step process. Capital Markets Assumptions Our respected asset class research forms the building blocks of our portfolios starting with real-world data on how asset classes perform over time. Strategic and Dynamic Asset Allocation In this step, we use our own research to develop an efficient asset allocation mix designed to maximize return for a given level of risk.

2 Manager Selection Our investment professionals meet personally with managers and evaluate their investment styles using a five-pillar system to identify the most appropriate strategies to include in our portfolios. Portfolio Construction Each potential holding undergoes careful scrutiny including risk and expense reviews to help deter- mine if it s a good fit within a portfolio. Ongoing Monitoring As markets change, so do our portfolios. Our investment team monitors them each day to stay well-positioned and risk-aware through the market s ups and AllocationIn investing, the essentials matter.

3 That's why we begin with our own research showing that the mix of assets in a portfolio can have a greater impact on investment returns than timing markets or picking stocks. Guided by this research , we use risk and return forecasts to develop a strategic asset allocation for each portfolio. Morningstar DataWe think our independent approach sets us apart. Once we ve determined a portfolio s asset allocation, we sift through thousands of investments to identify those which we think are worthwhile. Our research pro-cess is backed by trusted data from our parent company, Morningstar, Inc.

4 From there, we evaluate each potential holding using a proprietary methodology. Only those with our highest conviction make it into your portfolio. Active ManagementBecause markets are in constant motion, we don t take a set it and forget it approach. We re firm believ-ers in active investing, and embrace an independent approach by selecting flexible managers or lesser-known boutique shops seeking those with the potential to deliver above-average risk-adjusted results over the long ResearchBefore we invest in a fund , we want to understandthe people behind it.

5 We meet one-on-one with fund managers, asking detailed questions to uncover how they make decisions. We look for those who eat their own cooking by investing their own personalsavings in the funds they range of core choices for every stage of your lifetime Our investment team creates these diversified portfolios using a research -drivenprocess supported by independent fund analysis from Morningstar, Inc. and regular meetings with fund managers. Stocks International Stocks Real Estate REITS Taxable Bonds Alternatives Short Term Reserves Portfolios % Asset Allocation Goal Aggressive Growth Growth Moderate Growth Income & Growth ConservativeLong-term capital appreciation.

6 Designed to help investors to participate fully in the growth the stock market can offer, the portfolio invests primarily in domestic and foreign equities. Long-term capital appreciation. Designed to help investors to take advantage of the potential for stock market growth by investing primarily in domestic and foreign equities, while seeking to cushion equity market downturns with modest exposure to fixed-income growth with moderate volatility. Built with a focus on providing balanced and varied exposure by investing in both equity and fixed-income capital appreciation combined with current income.

7 Combines the growth potential of equities with the balance that fixed-income securities can from capital loss and a safeguard against inflation. Invested in fixed-income and equity securities, it s designed to be best-suited for investors who value current income and stability over all else. 59 Stocks 31 International Stocks 4 Real Estate REITS Taxable Bonds 4 Alternatives 2 Short Term Reserves 48 Stocks 24 International Stocks 4 Real Estate REITS 15 Taxable Bonds 7 Alternatives 2 Short Term Reserves 38 Stocks 18 International Stocks 4 Real Estate REITS3 0 Taxable Bonds 8 Alternatives 2 Short Term Reserves 30 Stocks 10 International Stocks Real Estate REITS 45 Taxable Bonds 10 Alternatives 5 Short Term Reserves 17 Stocks 6 International Stocks Real Estate REITS 57 Taxable Bonds 13 Alternatives 7 Short

8 Term ReservesConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Momentum20/80 Momentum 40/60 Momentum60/40 Momentum 80/20 Momentum 95/5 Active/Passive20 / 80 Active/Passive40 / 60 Active/Passive60 / 40 Active/Passive80 / 20 Active/Passive95 / 5 ConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Ultra Short-RangeShort-RangeMid-RangeLong-Rang eConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Momentum20/80 Momentum 40/60 Momentum60/40 Momentum 80/20 Momentum 95/5 Active/Passive20 / 80 Active/Passive40 / 60 Active/Passive60 / 40 Active/Passive80 / 20 Active/Passive95 / 5 ConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Ultra Short-RangeShort-RangeMid-RangeLong-Rang eConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Momentum20/80 Momentum 40/60 Momentum60/40 Momentum 80/20 Momentum 95/5 Active/Passive20 / 80 Active/Passive40 / 60 Active/Passive60 / 40 Active/Passive80 / 20 Active/Passive95 / 5 ConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Ultra

9 Short-RangeShort-RangeMid-RangeLong-Rang eConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Momentum20/80 Momentum 40/60 Momentum60/40 Momentum 80/20 Momentum 95/5 Active/Passive20 / 80 Active/Passive40 / 60 Active/Passive60 / 40 Active/Passive80 / 20 Active/Passive95 / 5 ConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Ultra Short-RangeShort-RangeMid-RangeLong-Rang eConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Momentum20/80 Momentum 40/60 Momentum60/40 Momentum 80/20 Momentum 95/5 Active/Passive20 / 80 Active/Passive40 / 60 Active/Passive60 / 40 Active/Passive80 / 20 Active/Passive95 / 5 ConservativeIncome & GrowthModerate GrowthGrowthAggressive Growth Ultra Short-RangeShort-RangeMid-RangeLong-Rang eAsset Allocation PortfoliosFigures are based on a recent allocation, and are subject to change.

10 Asset classes shown are Morningstar, Inc. category groups. Allocation of portfolios at the individual account level may portfolios are designed to put your needs front and center where they belong. To select a portfolio, talk to your financial advisor, who can help you build a wealth strategy with your long-term goals in mind. We offer both taxable and tax-deferred (shown below) portfolios for investors in non-qualified and qualif-ied accounts. The taxable versions are designed to avoid asset classes that are not tax efficient and will invest in municipal bonds to earn tax-exempt Morningstar Investment Services LLCWe re committed to helping financial advisors create better outcomes for investors like you.