t level, Client Advisors will select one appropriate benchmark for each account. Al the household level the benchmarks will comprise of the S&P 500, MSCI EAFE, and Barclays Capital Intermediate Gov/Credii There is no guarantee that the benchmarks listed are representative of the holdings. As a result of ro

the S&P 500 closed at 979.3 on July 24th, for a price return of 46.9% from its trough of 666.8 on March 6, and a total return of 48.1%. Meanwhile, MSCI EAFE had a price return of 52.2%, MSCI Emerging Markets a return of 81.3%, and the high yield market as measured by the Barclays US corporate high yield

L INTL INC C 09/08/16 07/08/10 Noncoyeree• I High Cost Long Term / SELL 100.000 11.390.40 4.046.42 7.343.98 Security Identifier: ISHARES TR MSCI EAFE 11/03/16 11/01/11 Noncoyered. • I High Cost Long Term / SELL 100.000 6.472.35 5.413.58 1.058.77 F Security Identifier: OCCIDENTAL PETE COR

vered' High Cost Long Term / SELL zooboo 10,52627 10,563.50 -3723 VOLATILITY EMERGING MARKETS ET F Security Identifier: 464286533 'SHARES TR MSCI EAFE 11/03/16 05/27/16 Noncovered4 High Cost Long Term / SELL 400.000 18,298.36 18,433.26 -134.90 Security Identifier: 464288877 SPDR GOLD TR GOL

U.S. Small Cap Equity Portfolio may invest in Canadian equities. 6. Results of the MSCI World Index. MSCI All Country World Index. MSCI ACWI ex-USA. MSCI EAFE and MSCI ACWI Financials are presented after the deduction of certain foreign withholding taxes. 7. The Russell 2000@ Index is a registered tradema