UID ALTERNATIVE INVESTMENTS 18% CASH EQUIVALENTS 16% Current Amount Proposed Amount Wealth Management February-)4 Reallocation EQUITY US Equity 19.3% 21.0% 17 $ 2,702,536 $ 2,500,000 (202,536) International Equity 14.5% 13.5% 10.7% $ 2,032,507 1,500,000 5 (532,507) 'Equity S

*UBS Management Asset Allocation Worksheet 9-.1u1-14 Current UBS' Proposed Current Proposed Reallocation (ao) (%) Amount Amount EQUITY US Equity JAW Focused Chkridend Growth (WA) Y1 23588 17.6% 16.2% 5 2,091,591 5 1,921.591 (170.030) Individual Equities/ Mutual hinds Y123574/1112357

0.43% FTSEMIB Index 6,200 0.34% 0.46% DAI GR Equity 6,290 0.35% 0.47% SX6P Index 6,304 0.35% 0.58% SMI Index 6,341 0.35% 0.59% CMCSK US Equity 6,417 0.36% 0.88% GS US Equity 6,562 0.36% 1.05% V US Equity 6,744 0.37% 1.07% P5120 Index 6,833 0.38% 1.09% ROG VX Equity 6,898 0.

20.70% 45 Positions 25.32% 0.10% EDF FP Equity 5,369 0.29% 0.11% FTSEMIB Index 5,632 0.30% 0.12% AZN LN Equity 5,645 0.31% 0.12% XLF US Equity 5,652 0.31% 0.15% AZN US Equity 5,661 0.31% 0.21% JNJ US Equity 5,896 0.32% 0.27% AEX Index 5,921 0.32% 0.27% NVS US Equity 5,990 0

International Equity 5.45 37.39 2018 (5.82) 100.31 (8.27) 90.34 (1.51) 170.13 (12.86) 98.23 (9.31) 138.37 (13.79) 8.79 (14.58) 4.89 US Equity (4.94) 116.80 International Equity (9.38) 30.29 2017 20.69 112.68 13.66 107.49 30.21 174.28 7.84 127.49 22.17 162.84 25.03 26.19 3

9% SX7E Index 6,378 0.35% 0.41% V US Equity 6,405 0.35% 0.43% SXXP Index 6,492 0.35% 0.46% MAERSKB DC Equity 6,520 0.36% 0.46% CMCSK US Equity 6,553 0.36% 0.58% SX6P Index 6,755 0.37% 0.59% SXSE Index 6,980 0.38% 0.88% ROG VX Equity 7,034 0.38% 1.04% ACA FP Equity 7,080 0.3

q.. r, rtnarCials 32.63%. I3 43% 23% CELL r Ec uLty 're Oin010.,-, 33.2]>: 23 28% 22% WAPSAUS Equity onsumer Servla 39.610E L6 39% M US Equity onsumer Sonia 36.01% L2 46% BA US Equity Industrials 26.57E 2.3 26% 284 ALT US Equity Health Care 3018% 2.5 24% HST US &awry :consume

hts — Larry Adam gives an overview of major global asset classes and touches on the unlikelihood of a US recession. • US Equity Insights — Head of US Equity, David Bianco, discusses his decision to cut 2016E S&P EPS almost entirely from Financials based on the impact of Fed rate hikes. • Chino's Evolvi

hts — Larry Adam gives an overview of major global asset classes and touches on the unlikelihood of a US recession. • US Equity insights — Head of US Equity, David Bianco, discusses his decision to cut 2016E S&P EPS almost entirely from Financials based on the impact of Fed rate hikes. • Chino's Evolvi

nnual Income 34,147.50 Accrued Dividends 300.00 Meld 5.40% Equity Detail Asset Categories Ill Equity US SW Cap Small Cap US Largo Cap lion US Equity Parted Stocks Estimated Tax Cost Annual Income Market Adjusted Unrealized Accrued Quantity Price Value Original Gaintoss Dividends Yie

real estate Real Asset Group Cassie Turley Incorporate Tactical Shifts Invest in World Class Money Managers 13%1 2% sissa.....„ 50% 7% 3% • US Equity •International Equity Hedge Funds •PE Real Estate • Commodities US Fixed Income • Non-US Fixed Income Cash • Restricted Stock Morgan 3% 8

lights — Larry Adam gives an overview of major global asset classes and touches on the unlikelihood of a US recession. US Equity Insights — Head of US Equity, David Bianco, discusses his decision to cut 2016E S&P EPS almost entirely from Financials based on the impact of Fed rate hikes. China's Evolving

stment Strategist, gives an overview of major global asset classes and touches on the unlikelihood of a US recession. US Equity Insights — Head of US Equity, David Bianco, discusses his decision to cut 2016E S&P EPS almost entirely from Financials based on the impact of Fed hikes. China's Evolving FX P

stment Strategist, gives an overview of major global asset classes and touches on the unlikelihood of a US recession. US Equity Insights — Head of US Equity, David Bianco, discusses his decision to cut 2016E S&P EPS almost entirely from Financials based on the impact of Fed hikes. China's Evolving FX P