11/6/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 1/4 Asset Allocation Long% Short% Net% Bench mark% Cash 1.51 0.15 1.36 0.00 US Stocks 70.03 0.00 70.03 99.04 Non-US Stocks 17.72 0.00 17.72 0.96 Bonds 10.46 0.25 10.21 0.00 Other 0.74 0.05 0.69 0.00 Not classified 0.00 0.00 0.00 0.00 Total 100.45 0.45 100.00 100.00 World Regions Greater Asia Americas Greater Europe Stock% Non-US Stock% Proxy% Americas 82.03 5.37 1.65 North America 81.01 0.00 1.62 Latin America 1.02 5.37 0.04 Greater Europe 8.74 46.02 61.55 United Kingdom 2.29 12.06 15.85 Europe Developed 5.68 29.91 45.25 Europe Emerging 0.24 1.26 0.00 Africa/Middle East 0.53 2.79 0.45 Greater Asia 9.23 48.60 36.80 Japan 3.04 16.01 24.53 Australasia 0.86 4.53 7.05 Asia Developed 1.96 10.32 4.72 Asia Emerging 3.37 17.75 0.50 Not classified 0.00 0.00 0.00 Index Proxy: iShares MSCI EAFE Index Current Value Date 87,300.00 11/6/2019 Morningstar Instant X-Ray Print Report Your portfolio is aggressive. An asset mix such as yours normally generates high long-term returns but can be very volatile. Financial planners typically recommend these types of mixes for investors who have investment horizons longer than 10 years, need high returns, and are comfortable with a high level of risk. You have a fairly healthy stake in foreign stocks. Comparing your exposure with a common international index: You have a lot of exposure to regions marked by this icon. You have a large exposure in Asia Emerging. While stocks in this region have the potential to turn in high returns, they also carry special political, currency, and other risks. 11/6/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 2/4 Stock Sectors Portfolio Benchmark 100 80 60 40 20 0 Stock Style Your overall portfolio style: Core Your portfolio's stock exposure is spread evenly across the market and includes a good mix of small, medium, and large companies, as well as a fairly even mix of conservatively priced value stocks and high-flying growth stocks. For most investors, maintaining such broad-based market exposure is a prudent way to invest. Bond Style Stock% Benchmark% Energy 3.23 4.27 Materials 4.26 0.00 Industrials 9.75 11.74 Consumer Discretionary 10.71 0.00 Consumer Staples 6.65 0.00 Health Care 9.31 0.00 Financials 16.29 0.00 Information Technology 15.64 0.00 Communication Services 6.63 0.00 Utilities 5.20 3.13 Real Estate 12.32 4.28 Not classified 0.01 0.00 Change benchmark: S&P 500 Similar investment style You have a "Core" portfolio. Compared with a benchmark with a similar investment style: You have a lot of exposure to sectors marked by this icon. You should take special note of your large stake in the information technology area. These stocks can turn in huge returns, but they can also be volatile and their prices often move together. Keep in mind that younger companies in this area may not be profitable yet. You should also look at your exposure to financial. It, too, is large. These stocks may not be the riskiest ones out there, but they can react strongly to factors that affect the stock market, such as rises in interest rates. Thus, overweighting financial may not be the best way to improve your portfolio's diversification. 11/6/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 3/4 Top 10 Holdings Stock Stats Portfolio Benchmark Price/earnings 19.82 20.85 Price/book 2.36 3.22 Return on assets (ROA) 6.53 8.99 Return on equity (ROE) 18.40 26.14 Average market cap ($M) 24,959.77 115,036.44 Bond Stats Effective duration 5.70 Effective maturity — Stock Type % of Stocks Portfolio Benchmark High yield 8.36 12.95 Distressed 1.68 0.79 Hard asset 14.27 7.74 Cyclical 29.85 38.40 Slow growth 11.58 12.85 Classic growth 8.72 6.48 Aggressive growth 9.54 13.83 Speculative growth 2.61 4.30 Not classified 13.40 2.96 Change benchmark: S&P 500 Similar investment style You have a "Core" portfolio. Compared with a benchmark with a similar investment style: You have a lot of exposure to stock types marked by this icon. You should take special note of your heavy exposure to classic- growth stocks. You should take special note of your relatively heavy exposure to hard-asset stocks. These might not make up a huge part of the market, but because they tend to be associated with the metals or mining industries, they can react as a group to changes in things such as commodities prices. Fees & Expenses Expense ratio 0.30 Average gross expense ratio 0.30 Potential cap gains 18.02 The mutual funds in your portfolio tend to have very low expense ratios. This is good, because expense ratios have been shown to be a major factor in mutual-fund performance over the long term. Asset% Name Type Category/Sector Country 11/6/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 4/4 14.09 Fidelity Freedom® Index 2060 Investor (USD, FDKLX) MF Target Date United States 12.03 iShares Edge MSCI Min Vol USA ETF (USD, USMV) ETF US Equity Large Cap Blend United States 9.16 Fidelity® 500 Index (USD, FXAIX) MF US Equity Large Cap Blend United States 9.16 AB Discovery Value Z (USD, ABSZX) MF US Equity Mid Cap United States 9.16 Fidelity® Total Bond Fund (USD, FTBFX) MF US Fixed Income United States 8.02 Invesco S&P MidCap Low Volatility ETF (USD, XMLV) ETF US Equity Mid Cap United States 8.02 iShares MSCI ACWI ETF (USD, ACWI) ETF Global Equity Large Cap United States 6.87 Fidelity® Contrafund® (USD, FCNTX) MF US Equity Large Cap Growth United States 6.87 Vanguard Explorer Adm (USD, VEXRX) MF US Equity Small Cap United States 4.58 Vanguard Total Intl Stock Index I (USD, VTSNX) MF Global Equity Large Cap United States