11/10/2019 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 0.02 0.00 0.02 0.00 US Stocks 73.90 0.00 73.90 99.04 Non-US Stocks 26.06 0.00 26.06 0.96 Bonds 0.00 0.00 0.00 0.00 Other 0.02 0.00 0.02 0.00 Not classified 0.00 0.00 0.00 0.00 Total 100.00 0.00 100.00 100.00 World Regions Greater Asia Americas Greater Europe Stock% Non-US Stock% Proxy% Americas 75.33 5.37 1.66 North America 73.93 0.00 1.63 Latin America 1.40 5.37 0.03 Greater Europe 10.05 38.55 61.23 United Kingdom 2.69 10.32 15.76 Europe Developed 5.50 21.10 45.02 Europe Emerging 0.39 1.50 0.00 Africa/Middle East 1.47 5.64 0.45 Greater Asia 14.62 56.08 37.11 Japan 4.08 15.65 24.76 Australasia 1.83 7.02 7.07 Asia Developed 4.18 16.03 4.77 Asia Emerging 4.53 17.38 0.50 Not classified 0.00 0.00 0.00 Index Proxy: iShares MSCI EAFE Index Current Value Date 100.00 11/10/2019 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. 11/10/2019 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 Bond Style 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. You have very little exposure to regions marked by this icon. Please note that you have a low weighting in Europe Developed, the largest region of the international market. Underweighting this region a little probably isn't a big deal, but you shouldn't neglect such a large and important region without good reason. Stock% Benchmark% Energy 3.27 3.31 Materials 5.50 0.00 Industrials 16.00 15.48 Consumer Discretionary 14.31 0.00 Consumer Staples 5.49 0.00 Health Care 6.50 0.00 Financials 16.06 0.00 Information Technology 12.50 0.00 Communication Services 3.09 0.00 Utilities 3.29 3.47 Real Estate 13.99 7.40 Not classified 0.00 0.00 Change benchmark: S&P 500 Similar investment style You have a "Small Cap" 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. You have very little exposure to sectors marked by this icon. 11/10/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 3/4 Your overall portfolio style: Small Cap Compared with the broader market, your portfolio's stock exposure is biased toward small- and mid-cap companies. Among these issues, it is worth noting that you have a healthy mix of conservatively priced value stocks and aggressively- priced growth issues. Depending on your investment goals, you may want to further diversify your portfolio by increasing your exposure to large-cap companies. Stock Stats Portfolio Benchmark Price/earnings 14.44 20.85 Price/book 1.63 3.22 Return on assets (ROA) 5.76 8.99 Return on equity (ROE) 15.67 26.14 Average market cap ($M) 4,088.69 115,036.44 Bond Stats Effective duration — Effective maturity — Stock Type % of Stocks Portfolio Benchmark High yield 4.64 7.39 Distressed 1.46 2.24 Hard asset 13.63 9.64 Cyclical 35.00 41.88 Slow growth 8.67 9.80 Classic growth 5.32 9.01 Aggressive growth 3.30 5.86 Speculative growth 1.05 9.35 Not classified 26.93 2.96 Change benchmark: S&P 500 Similar investment style Fees & Expenses Expense ratio 0.27 Average gross expense ratio 0.27 Potential cap gains 4.94 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. 11/10/2019 Site Builder https://awrd.morningstar.com/SBT/Tools/PA/Default.aspx?PageViewID=Print&tabIndex=1&encryptToken=A17B20FC655D455C6A606066EE82830D 4/4 Top 10 Holdings You have a "Small Cap" portfolio. Compared with a benchmark with a similar investment style: You have a lot of exposure to stock types marked by this icon. You have very little exposure to types marked by this icon. Asset% Name Type Category/Sector Country 40.00 Vanguard US Multifactor ETF (USD, VFMF) ETF US Equity Mid Cap United States 25.00 SPDR® S&P 600 Small Cap Value ETF (USD, SLYV) ETF US Equity Small Cap United States 15.00 WisdomTree International SmallCp Div ETF (USD, DLS) ETF Global Equity Mid/Small Cap United States 10.00 Schwab US REIT ETF™ (USD, SCHH) ETF Real Estate Sector Equity United States 10.00 WisdomTree Emerging Markets SmCp Div ETF (USD, DGS) ETF Global Emerging Markets Equity United States