011 2012 2013 2014 • Portfolio assumes equal allocations (1/3 each) on 04/01/08 to cash, bonds and equities: Cash • Citigroup 3m Treasury-bill; Bonds w Barclays Municipal Bond Index; Equities • S&PSOOTotal Return Index. • Overlay returns reflect actual composite of client returns (net of fees and expenses). 2015 2016