% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10

9 0 O U. n'is 0% b 5% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% Directional HF 2.0% 2.0% 4.0% 4.0% 4.0% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 2.0% 1.0% 2.0% 1.0% 2.5% 1.0% 100.0% 100.0% 100.0

% 3.0% 2.5% 6.0% 23.5% 2.0% 16.0% 10.5% 3.0% 2.5% 5.5% 3.6% 2.0% 32 0% 2 0% 25% 20% 2 0% Hedge Finds 8 5% Non-directional HF Directional HF Commodities Smog internalmates PadpytirrnaicaitnovuarattreeoUdireissft:. Pshrrs pisseinscigrtmol ;reiCeiltla 4 ihieta?Crharl 60,,r)in,.4 Merck£°

30% 30% 25% 25% 25% 30% Hedge Funds 70% 7 0% 7 5% 8 5% 6 0% 7 0% 50% 50% Non-directional HF 3.5% 5 0% 30% 4 5% 20% 3 0% 1.5% Directional HF 3.5% 2 0% 4 5% 4 0% 40% 40% 3.5% 50% Commodities 1.5% 1 0% 15% 1.0% 15% 1.0% 1.5% 1.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100

l1 90% 1O5% 9.0% 8.5% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-dlrectional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% Directional HF 2.0% 2.0% 4.0% 4.0% 4.0% 4.0% 6.0% 6.0% Cornmodkies 2.0% 1.0% 2.0% 1.0% 2.0% 1.0% 2.5% 1.0% 100.0% 100.0% 100.0% 100.0% 100.0%

9 0 O U. n'ts 0% b 5% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% Directional HF 2.0% 2.0% 4.0% 4.0% 4.0% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 2.0% 1.0% 2.0% 1.0% 2.5% 1.0% 100.0% 100.0% 100.0

9 0 O U. n'ts 0% b 5% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% Directional HF 2.0% 2.0% 4.0% 4.0% 4.0% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 2.0% 1.0% 2.0% 1.0% 2.5% 1.0% 100.0% 100.0% 100.0

% $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

% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10

% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10

% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10

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

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