EFTA01367855.pdf

CIO Strategies - Tactical Allocations As of 3/31/2015 Account Level Fee on $25,000,000: 0.59% All in Estimated Fee for Growth as Allocated Below: 0.90% Growth Expense Growth Wtd Ml- Asset Class Implementation Vehicle Ticker Ratio Yield Fees Equities 64.5% U.S. Large Cap WM US Large Cap/Growth/CoreNalue - Individual Securities 0.00% 1.46% 33.0% 0.00% U.S. Small Cap ClearBridge Small Cap Growth SBPYX 0.90% 3.65% 3.0% 0.03% European Equity Invesco AIM European Growth AEDYX 1.09% 6.04% 7.0% 0.08% European Equity db X-Trackers MSCI Europe Hedged Equity Fund DBEU 0.45% 3.86% 7.0% 0.03% Japan Equity Wisdomtree Japan Hedged Equity DXJ 0.48% 9.68% 4.5% 0.02% Pacific Ex-Japan Equity iShare MSCI Pacific ex Japan EPP 0.50% 4.07% 3.0% 0.02% Emerging Market Equity Parametric Emerging Markets Find EIEMX 1.11% 2.03% 4.5% 0.05% Emerging Market Equity Invesco Asia Pacific Growth Fund ASIYX 1.22% 4.36% 2.5% 0.03% Bonds 23.5% Municipal Bonds WM Intermediate Taxable Fixed Income 0.00% 1.24% 16.0% 0.00% Global High Yield Blackrock High Yield Fund BHYIX 0.59% 7.27% 30% 0.02% Emerging Market Bonds MFS Emerging Market Debt Find MEDIX 0.83% 4.24% 2.5% 0.02% Inflation Protected Bonds (TIP) BlackRock Intl Protected Bond Fund BPRIX 0.44% 2.76% 2.0% 0.01% Alternative Investments 12.0% Hedge Funds - Non-Directional Prisms Spectrum Fund Na 1.50% 0.00% 3.0% Hedge Funds - Directional Lighthouse Global Long/Short Na 1.00% 0.00% 4.0% Commodities Deutsche Enhanced Commodity Strategy SKIRX 1.16% 1 76% 1.0% 0.01% Cash 0.00% 0.00% 4.0% 0.00% 100.0% 0.31% 3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059479 CONFIDENTIAL SDNY_GM_00205663 EFTA01367855