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A 16.0% $8,000,000 High Yield Bonds Blackrock High Yield Fund BHYIX 3.0% $1,500,000 Intl Bonds- Hedged Emerging Market Bonds MFS Emerging Market Debt Fund MEDIX 1.0% $500,000 TIPS BlackRock Infl Protected Bond Fund BPRIX 1.0% $500,000 Cash 3.5% $1,750,000 Alternatives 8.0% $4,000,000
% $1,750,000 Alternatives 8.0% $4,000,000 Hedge Funds 7.0% $3,500,000 Non-directional HF Prisma Spectrum Fund N/A 3.0% $1,500,000 Directional HF Lighthouse Global Long/Short N/A 4.0% 52,000,000 Commodities Deutsche Enhanced Commodity Strategy SKIRX 1.0% 5600,000 Total 100.0% $50,000
vesco Asia Pacific Growth Fund WM Intermediate Tax Exempt Fixed Income — Individual Securities ABEMX ASIYX N/A Blackrock High Yield Fund BHYIX MFS Emerging Market Debt Fund MEDIX BlackRock Infl Protected Bond Fund BPRIX Invesco AIM European Growth db X-Trackers MSCI Europe Hedged Equity Fund Wisdomtree Japan Hedged E
ome & Cash Municipal Bonds High Yield Bonds Int'l Bonds- Hedged Emerging Market Bonds TIPS Cash Alternatives Hedge Funds Non-directional HF Directional HF Commodities 58.5% 50.5% 2.0% --2.0% 2.0% 2.0% 9.0% 7.0% 5.0% 2.0% 2.0% 100.0% Strategic 32.5% 15.0% 2.0% 11.5% 7.5% 2.5% 1.5% 4
vesco Asia Pacific Growth Fund WM Intermediate Tax Exempt Fixed Income — Individual Securities ABEMX ASIYX N/A Blackrock High Yield Fund BHYIX MFS Emerging Market Debt Fund MEDIX BlackRock Infl Protected Bond Fund BPRIX Invesco AIM European Growth db X-Trackers MSCI Europe Hedged Equity Fund Wisdomtree Japan Hedged E
ome & Cash Municipal Bonds High Yield Bonds Int'l Bonds- Hedged Emerging Market Bonds TIPS Cash Alternatives Hedge Funds Non-directional HF Directional HF Commodities 58.5% 50.5% 2.0% --2.0% 2.0% 2.0% 9.0% 7.0% 5.0% 2.0% 2.0% 100.0% Strategic 32.5% 15.0% 2.0% 11.5% 7.5% 2.5% 1.5% 4
Entities connected to both MFS Emerging Market Debt Fund and Directional HF

Deutsche Bank
ORGANIZATIONTreasury Inflation Protected Securities
ORGANIZATIONMaximum Growth
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATIONAberdeen Emerging Markets Fund
ORGANIZATIONInvesco Asia Pacific Growth Fund
ORGANIZATIONEuropean Equity
ORGANIZATIONPrisma Spectrum Fund
ORGANIZATIONInvesco AIM European Growth
ORGANIZATION
Belgium
LOCATION
Vienna
LOCATION
Denmark
LOCATION
Finland
LOCATION
Zurich
LOCATION
New Zealand
LOCATIONWorcester
LOCATION
Baltimore
LOCATION
Michael Bloomberg
PERSONMSCI Europe
ORGANIZATION
The Wall Street Journal
ORGANIZATION