Portfolios may include actively managed mutual funds; passive investments in selected mutual funds or Exchange Traded Funds (“ETFs”) that are managed to mirror the performance of a particular market index or asset sector; individual stocks; corporate, government, or municipal bonds; and alternative investment products.  Actively managed mutual funds included are determined based upon the in-depth analysis of both quantitative and qualitative fund data.  All are managed by individuals or firms with a consistent record of long-term performance with returns greater than the returns of the fund’s corresponding market index.  To enhance portfolio returns, we may strategically allocate the weightings of mutual funds and ETFs to strategically target specific market sectors based upon the current economic environment and market conditions.

^{Past performance is not an indication or guarantee of future results.}