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Multi-Asset Strategy

The Multi-Asset Composite includes all fully discretionary portfolios that are managed to Precedent AM’s Multi-Asset Strategy. Portfolios managed to this strategy may be invested in an assortment of asset classes that the firm feels offer the best opportunity for attractive returns given the current market environment, including equities, fixed income, and liquid alternatives. The strategy will typically gain exposure to the target asset classes through mutual funds and exchange-traded funds (ETFs) but may also invest directly in individual securities. At times, the strategy may have concentrated exposure to certain asset classes or investments, and exposure to short positions through investing in inverse ETFs.

Inception Date: 1/1/2015

Benchmark: The Multi-Asset Strategy is unconstrained and can not be accurately compared to a static blended benchmark or index.


 

Growth Strategy

The Growth Composite includes all fully discretionary portfolios that are managed to Precedent AM’s Growth Strategy. Portfolios managed to this strategy typically maintain a target allocation of 70% equities and 30% fixed income, with a 20% variance tolerance. The strategy will typically gain exposure to the target asset classes through mutual funds and exchange-traded funds (ETFs) but may also invest directly in individual securities. The composite includes portfolios managed in a tax-efficient manner as well as portfolios that are not managed explicitly to minimize the impact of taxes.

Inception Date: 12/1/2013

Benchmark: 70% Equity, 30% Fixed Income (ACWI/AGG)


 

Moderate Strategy

The Moderate Composite includes all fully discretionary portfolios that are managed to Precedent AM’s Moderate Strategy. Portfolios managed to this strategy typically maintain a target allocation of 50% equities and 50% fixed income, with a 20% variance tolerance. The strategy will typically gain exposure to the target asset classes through mutual funds and exchange-traded funds (ETFs) but may also invest directly in individual securities. The composite includes portfolios managed in a tax-efficient manner as well as portfolios that are not managed explicitly to minimize the impact of taxes.

Inception Date: 12/1/2013

Benchmark: 50% Equity, 50% Fixed Income (ACWI/AGG)


 

Conservative Strategy

The Conservative Composite includes all fully discretionary portfolios that are managed to Precedent AM’s Conservative Strategy. Portfolios managed to this strategy typically maintain a target allocation of 30% equities and 70% fixed income, with a 20% variance tolerance. The strategy will typically gain exposure to the target asset classes through mutual funds and exchange-traded funds (ETFs) but may also invest directly in individual securities. The composite includes portfolios managed in a tax-efficient manner as well as portfolios that are not managed explicitly to minimize the impact of taxes.

Inception Date: 12/1/2013

Benchmark: 30% Equity, 50% Fixed Income, 20% U.S. 1-3 Year Treasuries (ACWI/AGG/SHY)


 

Defensive Strategy

The Defensive Composite includes all fully discretionary portfolios that are managed to Precedent AM’s Defensive Strategy. Portfolios managed to this strategy typically invest in a mix of equities and fixed income while maintaining a portion of assets in relatively short-term funds for liquidity. The strategy will typically gain exposure to the target asset classes through mutual funds and exchange-traded funds (ETFs) but may also invest directly in individual securities. The composite includes portfolios managed in a tax-efficient manner as well as portfolios that are not managed explicitly to minimize the impact of taxes.

Inception Date: 12/1/2013

Benchmark: 10% Equity, 70% Fixed Income, 20% U.S. 1-3 Year Treasuries (ACWI/AGG/SHY)

Not Actively Marketed


 

The various blended benchmarks are comprised of an equity allocation represented by the iShares MSCI All Country World Index (ACWI), a fixed income allocation represented by the iShares Barclays U.S. Aggregate Bond Index (AGG), and a short-term fixed income and cash equivalent allocation represented by the iShares Barclary 1-3 Year Treasury Bond Index (SHY). Benchmark returns represent the blended total return of these indices, using the weighting specified for each strategy’s benchmark, rebalanced annually.

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