30, 2015 Portfolio Performance (%) Assets ($mm) As of 9/30/15 YTD 1 YR 3 YFtS 5 YRS 10 YRS ITO° Tax Exempt Fixed Income — NY Portfoliolz 13 Barclays Capital 5 Year Municipal Bond Index Outperformance (•)1 Underperformance (-) $390.7 -Gross -Net -Gross -Net 1.5 0.7 1.8 -0.3 -1.1 1.9 0.8 1.9 0.0 -1.1 2.1 1