Advent

Portfolio Exchange
Reports Guide
Table of Contents Professional Presentation,
Business Intelligence for Business Owners Clear Communication
Account Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Today’s investment managers are challenged with strengthening exist-
Account Characteristics ................................... 2 ing infrastructure and attracting new assets. That’s why Advent offers a
Account Characteristics (By Custodian) . . . . . . . . . . . . . . . . . . . . . . . . 3 wide array of investment management reports to enable your firm to
Asset Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 disseminate information internally and more effectively communicate
Business Summary Dashboard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 with your clients. Professional quality reports from Advent do more
Analytics for Portfolio Managers than show clients how their assets are performing. They are a primary
point of client contact that allow you to demonstrate your value. In a
Activity Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
time when the field can seem more crowded than ever, strong report-
Attribution by Classification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
ing can be a critical competitive differentiator.
Attribution Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Attribution by Selected Groupings . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Contribution by Classification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
Put Performance in the Best Light
Contribution Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 Built on the industry-standard Microsoft SQL Server Reporting Services
Contribution Detail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 (SSRS) platform, Advent’s investment management reports are:
Risk Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 Easy to use. Simply access them via the report page in Advent
Client Reporting Portfolio Exchange.®
Cover Page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14 Attractive and clear. Explanatory, color-coded graphs and charts
Household Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 help clients understand the how and why of investments and their
Portfolio Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 performance.
Performance Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 Customized. Reports can be branded with your firm name, logo
Risk Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 and graphics.
Policy Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 Comprehensive. Provide a full range of reports to tell your story. You
Historical Policy Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 work hard for results for your clients. Make them look their best.
Allocation Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21
Equity Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23
Fixed Income Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24
Fixed Income Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25
Income Projection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26
Portfolio Appraisal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28
Realized Gains and Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30
Transaction Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31
Disclaimer and Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33
Account Distribution
Segment your business by AUM, revenue contribution and client tenure to get a snapshot of your firm at any point in time.

Account Distribution Market Value as of 12/31/2011

Revenue for 10/1/2011 Thru 12/31/2011

៑ Segment the accounts Internal AUM by Client Relationship

by AUM, Revenue, Range Count AUM (000s) % Revenue % Eff. Rate
Client Tenure or Age. < 500 K 91 $24,554 3.2% $43,908 3.3% 0.179%
500 K - 1 M 50 $36,455 4.7% $63,145 4.7% 0.173%
1 M - 2.5 M 50 $77,723 10.1% $149,214 11.1% 0.192%
៑ Drill down to show
2.5 M - 5 M 29 $97,459 12.6% $193,988 14.5% 0.199%
underlying client
5 M - 10 M 11 $84,542 10.9% $164,845 12.3% 0.195%
relationships or 10 M - 25 M 5 $76,146 9.9% $150,198 11.2% 0.197%
portfolios. 25 M - 50 M 2 $78,103 10.1% $132,705 9.9% 0.170%
> 50 M 2 $297,860 38.5% $441,455 33.0% 0.148%
Total 240 $772,842 $1,339,458 0.173%

Internal AUM by Portfolio

Range Count AUM (000s) % Revenue % Eff. Rate
< 500 K 297 $80,138 10.4% $120,026 9.0% 0.150%
500 K - 1 M 99 $70,361 9.1% $111,441 8.3% 0.158%
1 M - 2.5 M 75 $115,653 15.0% $211,697 15.8% 0.183%
2.5 M - 5 M 29 $98,953 12.8% $189,725 14.2% 0.192%
5 M - 10 M 17 $121,678 15.7% $235,343 17.6% 0.193%
10 M - 25 M 6 $93,876 12.1% $180,761 13.5% 0.193%
25 M - 50 M 2 $90,685 11.7% $146,793 11.0% 0.162%
> 50 M 1 $101,496 13.1% $143,420 10.7% 0.141%
Total 526 $772,842 $1,339,206 0.173%

Copyright © 2013 Advent Software, Inc.

1
Account Characteristics
Segment your account base, providing transparency into your business. Evaluate your business in new ways.

Distribution by Sales Channel Market Value as of 12/31/2011

Revenue for 10/1/2011 Thru 12/31/2011

In this example AUM, AUM Distribution Revenue Distribution

Revenue Distribution and
Effective Rate are shown
for each sales channel.
Report can also be viewed
by:
៑ Strategy

៑ Product Line

៑ Account Manager,

Salesperson, Consultant
៑ Custodian

៑ Location (office

location, client location,

state)
៑ Tax Status

៑ Or any other way

portfolios are classified Sales Channel Count AUM (000s) % Revenue % Eff. Rate
Platform 279 $293,294 38.0% $426,482 31.8% 0.145%
in APX
Institutional 39 $280,217 36.3% $527,907 39.4% 0.188%
HNW 189 $183,817 23.8% $348,236 26.0% 0.189%
Drill down to show RIA 19 $15,514 2.0% $36,582 2.7% 0.236%
underlying portfolios Total 526 $772,842 $1,339,206 0.173%

Copyright © 2013 Advent Software, Inc.

2
Account Characteristics (By Custodian)
Segment your account base, providing transparency into your business. Evaluate your business in new ways.

Distribution by Custodian Market Value as of 12/31/2011

Revenue for 10/1/2011 Thru 12/31/2011

In this example AUM, AUM Distribution Revenue Distribution

Revenue Distribution and
Effective Rate are shown
by custodian. Slice and
dice your book of
business by whatever
attributes matter to you.

Custodian Count AUM (000s) % Revenue % Eff. Rate

Charles Schwab & Co Inc. 182 $193,562 25.0% $370,206 27.6% 0.191%
Northern Trust 12 $106,738 13.8% $201,278 15.0% 0.189%
RBC Dexia 1 $101,496 13.1% $143,420 10.7% 0.141%
Credit Suisse First Boston 133 $58,257 7.5% $68,283 5.1% 0.117%
Wells Fargo Bank 2 $58,056 7.5% $97,193 7.3% 0.167%
JP Morgan Chase Bank 3 $36,142 4.7% $76,848 5.7% 0.213%
Stifel, Nicolaus & Co - SMAP 64 $31,463 4.1% $35,770 2.7% 0.114%
M&I Trust Company 4 $31,301 4.1% $56,891 4.2% 0.182%
U.S. Bank 6 $24,320 3.1% $50,473 3.8% 0.208%
Wells Fargo Advisors 15 $19,091 2.5% $33,305 2.5% 0.174%
Other Custodians 104 $112,414 14.5% $205,539 15.3% 0.183%
Total 526 $772,842 $1,339,206 0.173%

Copyright © 2013 Advent Software, Inc.

3
Asset Flows
Quickly understand how assets are flowing into or out of your business over a given period of time (new and lost business, as well as
market impact).

Asset Flow Summary Month to Date

January 2011

Drill into new and lost

business to show Business Summary New Business Distribution
underlying client or Beginning Market Value $3,089,676
portfolio information.
New Business
New Relationships $248,565
New Portfolios $135,343
New Assets $514
Total New Business $384,422

Lost Business
Lost Relationships $4,969
Lost Portfolios $7,946
Lost Assets $500
Total Lost Business $13,415 Lost Business Distribution
Net Asset Flows $371,007

Market Impact $36,465

Ending Market Value $3,497,148

Copyright © 2013 Advent Software, Inc.

4
Business Summary Dashboard
Consolidated management view summarizing key business metric including Top Relationships.

៑ Business Summary
trend—with the ability
to dig deeper if needed

៑ Flexibility to personalize
the dashboard for the
individual user

Copyright © 2013 Advent Software, Inc.

5
Activity Profile
The Activity Profile provides an overview of key information pertaining to tasks or meetings.

Activity Profile
Task: Annual Review Meeting
7/20/2011

The Activity Profile allows Basic Information

for a clear review of basic 7/20/2011
Task: Annual Reviewl Meeting
j Scheduling Information
information and any Activity Type Task Start Date 12/9/2010

notes pertaining to the Description Annual Review Meeting Due Date 12/9/2010
Category Financial Review Status Not Started
tasks and meetings
Owned By Administrator Percent Complete 0
associated with your
Assigned To Administrator Completed Date
search criteria. Priority Normal Reminder None

Portfolios
Portfolio Code Report Heading Default
bdfund3 John Regan BDFUND3 Pershing 990123673 Yes

Contacts
Name Code Default
Mr. John Regan D0U0100017 Yes

Notes
John's company is offering early retirement to several employees as part of a restructuring. Need to get a list of his colleagues that could be
interested in using an advisor.

Additional Information
Web Page
Document Link
Assigned Date 12/8/2010
Assigned By Administrator
Created Date 12/8/2010
Created By Administrator

Copyright © 2013 Advent Software, Inc.

6
Attribution by Classification
This report highlights the impact of your investment decisions, and compares portfolio performance to that of a benchmark over any period of
time. It lets you see, and explain, the sources of your portfolio’s performance.

Attribution by Industry Sector

Evan Case G r o w t h P o r t f o l i o v s . S & P 5 0 0 To t a l R e t u r n
From 12-31-08 to 12-31-10

Portfolio Benchmark Difference Attribution Effects

Industry Sector Avg Wgt Return Contrib Avg Wgt Return Contrib Avg Wgt Return Contrib Alloc Select Total

ENERGY 4.96 -43.97 -1.26 12.95 -26.12 -4.04 -7.98 -17.85 2.78 -0.16 -0.37 -0.53
MATERIALS 4.32 -31.65 3.37 3.41 -19.21 -0.65 0.91 -12.44 4.02 0.42 1.93 2.35
INDUSTRIALS 3.66 -39.07 -1.16 10.82 -27.34 -3.51 -7.16 -11.73 2.35 0.65 -0.65 0.00
CONSUMER DISCRETIONARY 21.66 17.03 0.95 8.82 -6.58 -0.14 12.84 23.61 1.09 1.40 7.85 9.25
CONSUMER STAPLES 17.49 23.66 3.52 11.79 -2.85 -0.46 5.70 26.51 3.98 1.34 4.51 5.85
HEALTH CARE 7.87 8.53 0.47 13.32 -7.60 -1.14 -5.45 16.14 1.61 -0.68 1.07 0.39
FINANCIALS 5.10 -91.81 -7.10 14.34 -47.70 -8.87 -9.24 -44.10 1.77 3.83 -4.55 -0.73
TECHNOLOGY 26.52 -9.29 0.83 17.04 -8.02 0.09 9.49 -1.27 0.74 1.12 -0.78 0.34
TELECOMMUNICATIONS SERVICES 1.61 13.96 0.03 3.42 -24.28 -0.78 -1.81 38.25 0.81 0.56 -0.08 0.48
AMERICAN TOWER CORP CL A 0.00 0.00 0.00 0.15 1.43 0.01 -0.15 -1.43 -0.01 -0.03 0.00 -0.03
AT&T INC COM 0.00 0.00 0.00 1.86 -24.54 -0.44 -1.86 24.54 0.44 0.01 0.00 0.01
CENTURYTEL INC COM 0.00 0.00 0.00 0.05 2.15 0.01 -0.05 -2.15 -0.01 0.01 0.00 0.01
EMBARQ CORP COM 0.00 0.00 0.00 0.05 -5.83 0.00 -0.05 5.83 0.00 -0.01 0.00 -0.01
FRONTIER COMMUNICATIONS CORP COM 0.00 0.00 0.00 0.03 -22.40 -0.01 -0.03 22.40 0.01 0.01 0.00 0.01
METROPCS COMMUNICATIONS INC COM 0.00 0.00 0.00 0.01 -46.49 -0.02 -0.01 46.49 0.02 0.02 0.00 0.02
NTT DOCOMO INC 1.61 13.96 0.03 0.00 0.00 0.00 1.61 13.96 0.03 0.08 0.03 0.11
QWEST COMMUNICATIONS INTL INC COM 0.00 0.00 0.00 0.06 -29.05 -0.02 -0.06 29.05 0.02 0.02 0.00 0.02
SPRINT NEXTEL CORP COM SER 1 0.00 0.00 0.00 0.16 -72.12 -0.22 -0.16 72.12 0.22 0.14 0.00 0.14
VERIZON COMMUNICATIONS INC COM 0.00 0.00 0.00 1.00 -14.86 -0.10 -1.00 14.86 0.10 -0.08 0.00 -0.08
WINDSTREAM CORP COM 0.00 0.00 0.00 0.05 2.97 0.00 -0.05 -2.97 0.00 0.00 0.00 0.00
UTILITIES 6.80 -8.72 -1.36 4.09 -19.97 -0.83 2.71 11.24 -0.53 0.51 0.70 1.22

Total 100.00 -1.71 -1.71 100.00 -20.32 -20.32 0.00 18.62 18.62 8.99 9.63 18.62

Copyright © 2013 Advent Software, Inc.

7
Attribution Summary
This report shows a comprehensive overview of your portfolio’s performance attribution.

Attribution Summary
Evan Case G r o w t h P o r t f o l i o v s . S & P 5 0 0 To t a l R e t u r n
From 12-31-08 to 12-31-10

Summary Largest Weights

Quickly identify top and Portfolio Return -1.71 Security Avg Wgt Return Contrib
bottom contributors by Benchmark Return -20.32 NETFLIX INC COM 5.22 91.34 3.81
both attribution effects Active Return 18.62 NIKE INC CL B 5.12 13.64 -0.84
and returns. INTERNATIONAL BUSINESS MACHS COM 4.07 25.49 0.69
Allocation Effect 8.99 WAL MART STORES INC COM 3.91 18.90 0.24
Selection Effect 9.63 ORACLE CORP COM 3.89 8.79 0.02
Total Effect 18.62 Total 22.21 3.93 3.93

Industry Sector
Top Attribution Effects Allocation Selection Total Bottom Attribution Effects Allocation Selection Total
CONSUMER DISCRETIONARY 1.40 7.85 9.25 FINANCIALS 3.83 -4.55 -0.73
CONSUMER STAPLES 1.34 4.51 5.85 ENERGY -0.16 -0.37 -0.53
MATERIALS 0.42 1.93 2.35 INDUSTRIALS 0.65 -0.65 0.00
UTILITIES 0.51 0.70 1.22 TECHNOLOGY 1.12 -0.78 0.34
TELECOMMUNICATIONS SERVICES 0.56 -0.08 0.48 HEALTH CARE -0.68 1.07 0.39
Total 4.23 14.92 19.15 Total 4.76 -5.29 -0.53

Top Contributors Avg Wgt Return Contrib Bottom Contributors Avg Wgt Return Contrib
CONSUMER STAPLES 17.49 23.66 3.52 FINANCIALS 5.10 -91.81 -7.10
MATERIALS 4.32 -31.65 3.37 UTILITIES 6.80 -8.72 -1.36
CONSUMER DISCRETIONARY 21.66 17.03 0.95 ENERGY 4.96 -43.97 -1.26
TECHNOLOGY 26.52 -9.29 0.83 INDUSTRIALS 3.66 -39.07 -1.16
HEALTH CARE 7.87 8.53 0.47 TELECOMMUNICATIONS SERVICES 1.61 13.96 0.03
Total 77.86 9.14 9.14 Total 22.14 -10.85 -10.85

Security
Top Attribution Effects Allocation Selection Total Bottom Attribution Effects Allocation Selection Total
NETFLIX INC COM 2.24 3.27 5.51 MERRILL LYNCH & CO INC COM -0.97 -0.63 -1.60
ARCHER DANIELS MIDLAND CO COM 1.59 0.90 2.49 GANNETT INC COM -1.88 0.41 -1.47
APOLLO GROUP INC CL A 0.97 0.96 1.93 VMWARE INC CL A COM 0.44 -1.87 -1.43
BOLD VENTURES INC COM -0.03 1.94 1.91 BERKSHIRE HATHAWAY INC CL A -0.54 -0.68 -1.22
NIKE INC CL B 1.55 0.20 1.75 WELLS FARGO & CO NEW -0.37 -0.71 -1.07
Total 6.33 7.27 13.60 Total -3.32 -3.48 -6.80

Top Contributors Avg Wgt Return Contrib Bottom Contributors Avg Wgt Return Contrib
APPLE INC COM 2.12 229.43 3.86 MERRILL LYNCH & CO INC COM 0.86 -99.99 -2.74
NETFLIX INC COM 5.22 91.34 3.81 GANNETT INC COM 0.93 -85.77 -2.58
ARCHER DANIELS MIDLAND CO COM 2.04 136.27 2.50 BANK OF AMERICA CORP 1.27 -107.03 -2.22
BOLD VENTURES INC COM -0.04 -105.95 2.13 VMWARE INC CL A COM 3.24 -68.90 -1.79
UNITED STATES STL CORP NEW COM 1.18 100.65 2.01 AMERICAN INTL GROUP INC COM 0.73 -92.27 -1.48
Total 10.52 14.30 14.30 Total 7.03 -10.80 -10.80

Copyright © 2013 Advent Software, Inc.

8
Attribution by Selected Groupings
This report shows the attribution effects for each of your reporting segments. You can expand each segment all the way down to the lowest level
for which data is available (in many cases, security level).

Attribution by Selected Groupings

To drill into any sub- Equity Fund vs. Equity Benchmark
12-31-08 – 12-31-10
period click in the
associated value.
Portfolio Benchmark Difference Attribution Effects
Industry Sector Avg Wgt Return Contrib Avg Wgt Return Contrib Avg Wgt Return Contrib Alloc Select Total
+ Energy 4.58 39.06 1.79 9.85 25.35 2.50 -5.27 13.71 -0.71 -0.41 0.63 0.21
+ Materials 5.13 12.36 0.63 2.99 21.75 0.65 2.13 -9.39 -0.02 0.09 -0.48 -0.39
+ Industrials 25.44 14.30 3.64 11.21 14.01 1.57 14.23 0.29 2.07 -0.50 0.07 -0.43
+ Consumer Discretionary 9.23 33.00 3.05 10.56 19.67 2.08 -1.33 13.33 0.97 -0.03 1.23 1.20
+ Consumer Staples 15.93 14.73 2.35 9.48 14.88 1.41 6.45 -0.15 0.94 -0.17 -0.02 -0.19
+ Health Care 8.85 22.16 1.96 12.64 8.81 1.11 -3.79 13.34 0.85 0.33 1.18 1.51
+ Financials 14.92 16.53 2.47 21.61 20.09 4.34 -6.68 -3.56 -1.87 -0.17 -0.53 -0.70
– Information Technology 11.49 19.97 2.29 14.95 12.15 1.82 -3.46 7.81 0.48 0.19 0.90 1.08
Hewlett Packard Co Com 2.42 45.21 1.09 0.81 45.21 0.37 1.60 0.00 0.72 0.44 0.00 0.44
IBM 5.83 19.77 1.15 1.09 19.77 0.22 4.74 0.00 0.94 0.11 0.00 0.11
Intel Corp Com 1.41 -17.18 -0.24 0.99 -17.18 -0.17 0.41 0.00 -0.07 -0.14 0.00 -0.14
Microsoft 1.84 15.83 0.29 1.96 15.83 0.31 -0.12 0.00 -0.02 0.00 0.00 0.00
+ Telecom Services 4.44 43.18 1.92 3.32 39.58 1.32 1.11 3.59 0.60 0.25 0.16 0.41
+ Utilities 0.00 0.00 0.00 3.39 21.29 0.72 -3.39 -21.29 -0.72 -0.13 0.00 -0.13

Total 100.00 20.09 20.09 100.00 17.51 17.51 0.00 2.57 2.57 -0.56 3.13 2.57

Allocation Effect Selection Effect Total Effect

Energy

Materials

Industrials

Consumer Discretionary

Consumer Staples

Health Care

Financials

Information Technology

Telecom Services

Utilities
-1 0 1 2 -1 0 1 2 -1 0 1 2

Copyright © 2013 Advent Software, Inc.

9
Contribution by Classification
This report compares your portfolio’s segments’ contributions to each other.

Contribution by Industry Sector

Evan Case G r o w t h P o r t f o l i o v s . S & P 5 0 0 To t a l R e t u r n
From 12-31-08 to 12-31-10

To drill into any sub-

period click in the Portfolio Benchmark Difference
Industry Sector Avg Wgt Return Contrib Avg Wgt Return Contrib Avg Wgt Return Contrib
associated value.
ENERGY 4.96 -43.97 -1.26 12.95 -26.12 -4.04 -7.98 -17.85 2.78
MATERIALS 4.32 -31.65 3.37 3.41 -19.21 -0.65 0.91 -12.44 4.02
INDUSTRIALS 3.66 -39.07 -1.16 10.82 -27.34 -3.51 -7.16 -11.73 2.35
CONSUMER DISCRETIONARY 21.66 17.03 0.95 8.82 -6.58 -0.14 12.84 23.61 1.09
CONSUMER STAPLES 17.49 23.66 3.52 11.79 -2.85 -0.46 5.70 26.51 3.98
HEALTH CARE 7.87 8.53 0.47 13.32 -7.60 -1.14 -5.45 16.14 1.61
FINANCIALS 5.10 -91.81 -7.10 14.34 -47.70 -8.87 -9.24 -44.10 1.77
TECHNOLOGY 26.52 -9.29 0.83 17.04 -8.02 0.09 9.49 -1.27 0.74
TELECOMMUNICATIONS SERVICES 1.61 13.96 0.03 3.42 -24.28 -0.78 -1.81 38.25 0.81
UTILITIES 6.80 -8.72 -1.36 4.09 -19.97 -0.83 2.71 11.24 -0.53

Total 100.00 -1.71 -1.71 100.00 -20.32 -20.32 0.00 18.62 18.62

Portfolio Benchmark

Copyright © 2013 Advent Software, Inc.

10
Contribution Summary
This report shows how each segment contributed to your portfolio’s overall performance and optionally compares it to a benchmark. Because you
can run this report without a benchmark, you can use it to focus on your portfolio’s absolute performance. For example, you can show a portfolio’s
top and bottom five performers and contributors within each of your reporting segments, such as industry sector and security.

Contribution Summary
Evan Case G r o w t h P o r t f o l i o v s . S & P 5 0 0 To t a l R e t u r n
From 12-31-08 to 12-31-10

Performance Summary Largest Weights

Portfolio Return -1.71 Security Avg Wgt Return Contrib
Benchmark Return -20.32 NETFLIX INC COM 5.22 91.34 3.81
Active Return 18.62 NIKE INC CL B 5.12 13.64 -0.84
INTERNATIONAL BUSINESS MACHS COM 4.07 25.49 0.69
WAL MART STORES INC COM 3.91 18.90 0.24
ORACLE CORP COM 3.89 8.79 0.02
Total 22.21 3.93 3.93

Industry Sector
Top Performers Avg Wgt Return Contrib Bottom Performers Avg Wgt Return Contrib
CONSUMER STAPLES 17.49 23.66 3.52 FINANCIALS 5.10 -91.81 -7.10
CONSUMER DISCRETIONARY 21.66 17.03 0.95 ENERGY 4.96 -43.97 -1.26
TELECOMMUNICATIONS SERVICES 1.61 13.96 0.03 INDUSTRIALS 3.66 -39.07 -1.16
HEALTH CARE 7.87 8.53 0.47 MATERIALS 4.32 -31.65 3.37
UTILITIES 6.80 -8.72 -1.36 TECHNOLOGY 26.52 -9.29 0.83
Total 55.43 3.61 3.61 Total 44.57 -5.32 -5.32

Top Contributors Avg Wgt Return Contrib Bottom Contributors Avg Wgt Return Contrib
CONSUMER STAPLES 17.49 23.66 3.52 FINANCIALS 5.10 -91.81 -7.10
MATERIALS 4.32 -31.65 3.37 UTILITIES 6.80 -8.72 -1.36
CONSUMER DISCRETIONARY 21.66 17.03 0.95 ENERGY 4.96 -43.97 -1.26
TECHNOLOGY 26.52 -9.29 0.83 INDUSTRIALS 3.66 -39.07 -1.16
HEALTH CARE 7.87 8.53 0.47 TELECOMMUNICATIONS SERVICES 1.61 13.96 0.03
Total 77.86 9.14 9.14 Total 22.14 -10.85 -10.85

Security
Top Performers Avg Wgt Return Contrib Bottom Performers Avg Wgt Return Contrib
APPLE INC COM 2.12 229.43 3.86 GENERAL MTRS CORP COM 0.70 -177.27 -0.21
ARCHER DANIELS MIDLAND CO COM 2.04 136.27 2.50 NORTEL NETWORKS CORP NEW COM NEW 0.53 -138.57 -1.42
UNITED STATES STL CORP NEW COM 1.18 100.65 2.01 BANK OF AMERICA CORP 1.27 -107.03 -2.22
NETFLIX INC COM 5.22 91.34 3.81 BOLD VENTURES INC COM -0.04 -105.95 2.13
ADVENT SOFTWARE INC COM 1.16 61.75 1.27 MERRILL LYNCH & CO INC COM 0.86 -99.99 -2.74
Total 11.72 13.45 13.45 Total 3.32 -4.46 -4.46

Top Contributors Avg Wgt Return Contrib Bottom Contributors Avg Wgt Return Contrib
APPLE INC COM 2.12 229.43 3.86 MERRILL LYNCH & CO INC COM 0.86 -99.99 -2.74
NETFLIX INC COM 5.22 91.34 3.81 GANNETT INC COM 0.93 -85.77 -2.58
ARCHER DANIELS MIDLAND CO COM 2.04 136.27 2.50 BANK OF AMERICA CORP 1.27 -107.03 -2.22
BOLD VENTURES INC COM -0.04 -105.95 2.13 VMWARE INC CL A COM 3.24 -68.90 -1.79
UNITED STATES STL CORP NEW COM 1.18 100.65 2.01 AMERICAN INTL GROUP INC COM 0.73 -92.27 -1.48
Total 10.52 14.30 14.30 Total 7.03 -10.80 -10.80

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11
Contribution Detail
This report shows information broken out to the most detailed level in a “flattened” view as opposed to a nested view. For example, if you group
the report primarily by industry sector, then by asset class, and then by security, this report shows just the security level.

Contribution Detail
Equity Fund vs. Equity Benchmark
12-31-08 – 12-31-10

Portfolio Benchmark Difference

Security Avg Wgt Return Contrib Avg Wgt Return Contrib Avg Wgt Return Contrib
Exxon Mobil 4.58 39.06 1.79 3.34 39.06 1.30 1.24 0.00 0.48
Boeing Co Com 5.60 28.38 1.59 0.54 28.38 0.15 5.06 0.00 1.44
General Mtrs Corp Com 1.89 63.96 1.21 0.13 63.96 0.08 1.77 0.00 1.13
IBM 5.83 19.77 1.15 1.09 19.77 0.22 4.74 0.00 0.94
Merck & Co Inc Com 2.68 42.66 1.14 0.70 42.66 0.30 1.97 0.00 0.84
Hewlett Packard Co Com 2.42 45.21 1.09 0.81 45.21 0.37 1.60 0.00 0.72
AT&T Inc Com 2.05 53.16 1.09 0.96 53.16 0.51 1.09 0.00 0.58
Altria Group Inc Com 5.40 19.87 1.07 1.36 19.87 0.27 4.04 0.00 0.80
Disney Walt Co Com Disney 2.07 44.26 0.92 0.52 44.26 0.23 1.55 0.00 0.69
McDonalds Corp 2.58 34.63 0.89 0.39 34.63 0.13 2.19 0.00 0.76
Verizon Communications Com 2.39 34.61 0.83 0.84 34.61 0.29 1.55 0.00 0.54
JP Morgan Chase & Co Com 3.08 25.60 0.79 1.29 25.60 0.33 1.79 0.00 0.46
American Express Co Com 3.82 19.09 0.73 0.57 19.09 0.11 3.25 0.00 0.62
Coca Cola Co Com 3.08 23.10 0.71 0.76 23.10 0.18 2.32 0.00 0.54
Honeywell Intl Inc Com 2.86 24.14 0.69 0.29 24.14 0.07 2.58 0.00 0.62
Citigroup 3.44 19.55 0.67 2.06 19.55 0.40 1.37 0.00 0.27
United Technologies Corp Com 4.32 13.65 0.59 0.53 13.65 0.07 3.79 0.00 0.52
Du Pont 3.00 18.64 0.56 0.33 18.64 0.06 2.67 0.00 0.50
Procter & Gamble Co Com 4.18 13.36 0.56 1.64 13.36 0.22 2.54 0.00 0.34
Johnson & Johnson Com 4.37 12.44 0.54 1.55 12.44 0.19 2.81 0.00 0.35
Caterpillar Inc Del Com 4.83 7.86 0.38 0.39 7.86 0.03 4.44 0.00 0.35
Microsoft 1.84 15.83 0.29 1.96 15.83 0.31 -0.12 0.00 -0.02
American Intl Group 4.59 6.05 0.28 1.43 6.05 0.09 3.16 0.00 0.19
Pfizer 1.80 15.22 0.27 1.59 15.22 0.24 0.21 0.00 0.03
General Electric 2.41 9.35 0.23 3.03 9.35 0.28 -0.61 0.00 -0.06
3M Co Com 5.41 2.98 0.16 0.49 2.98 0.01 4.92 0.00 0.15
Alcoa Inc Com 2.13 3.49 0.07 0.22 3.49 0.01 1.90 0.00 0.07
Home Depot Inc Com 2.69 1.01 0.03 0.68 1.01 0.01 2.02 0.00 0.02
Wal Mart 3.28 0.13 0.00 0.98 0.13 0.00 2.30 0.00 0.00

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12
Risk Statistics
The Ex-Post Risk report shows statistics that measure the volatility and actual realized risk of the portfolio in the past, based on past portfolio
returns, benchmark returns and risk-free rates.

Advent Software
Monthly Risk Statistics
M i c h a e l F o x G r o w t h P o r t f o l i o v s . S & P 5 0 0 To t a l R e t u r n
៑ Absolute Risk: From 12-31-08 to 12-31-10
The historical volatility
៑ Downside Risk:
The risk of returns Portfolio Benchmark Difference
Absolute Risk
falling below the Monthly Range 22.59 % 26.37 % -3.77 %
minimum acceptable Monthly Standard Deviation 6.27 % 6.64 % -0.37 %
Annualized Standard Deviation 21.73 % 23.01 % -1.28 %
return
៑ Benchmark-Relative Downside Risk
Risk: Annual Minimum Acceptable Return 4.50 % 4.50 %
Monthly Minimum Acceptable Return 0.37 % 0.37 %
The volatility of the Monthly Downside Probability 45.83 % 50.00 % -4.17 %
portfolio relative to the Monthly Expected Downside Value -2.75 % -3.21 % 0.46 %
Monthly Downside Deviation -4.79 % -5.68 % 0.89 %
benchmark Monthly VAR of 1,000.00 at 95% confidence -101.90 -116.41 14.51
៑ Risk-Adjusted Return:
Benchmark-Relative Risk
The return in relation Correlation 0.95
to the amount of risk R-Squared 0.91
taken (volatility) Monthly Tracking Error 2.00 %
Annualized Tracking Error 6.94 %
៑ Regression:
The relationship Risk-Adjusted Performance
Annual Risk-Free Rate 0.50 % 0.50 %
between the portfolio Monthly Risk-Free Rate 0.04 % 0.04 %
and benchmark returns Modigliani & Modigliani (M-Squared) 1.59 % -8.57 % 10.16 %
Sharpe Ratio 0.05 -0.39 0.44
Sortino Ratio -0.17 -0.66 0.49
Information Ratio 1.46
Treynor Ratio 0.01

Regression
Beta 0.90
Monthly Alpha 0.77 %
Annualized Alpha 9.65 %
CAPM Beta 0.90
Jensen's Monthly Alpha 0.77 %
Jensen's Annualized Alpha 9.59 %

Excluded from analysis:

Industry Sector: Not Applicable

Copyright © 2013 Advent Software, Inc.

13
Cover Page
Differentiate your firm with a custom report cover that allows you to stand apart from other firms.

The cover page offers

flexibility to display firm
specific branding that
includes a logo and
graphics.

Display a single account

or all accounts for a
specific client.

Quarterly Report
Account 12/31/2010
Investment Management Consulting
Balanced Fund
Account # 12345

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14
Household Overview
The Household Overview report displays an insightful snapshot of activity and performance.

Household Overview
Net of Fees | US Dollar
Family Trust 12/31/2010

F il T t N t fF | US D ll 12/31/2010 l j
Run this report by the Household Allocation by Asset Class Portfolio Activity Summary
classification you choose. Month Quarter Year Inception
To Date To Date To Date To Date
Look at performance on a Beginning Market Value 3,640,617.98 3,479,796.76 3,304,188.16 2,357,214.96
household and individual Net Additions 0.00 0.00 0.00 1,000,000.00
account basis. Gains/Losses + Fees 140,787.27 301,608.50 477,217.10 424,190.30
Ending Market Value 3,781,405.26 3,781,405.26 3,781,405.26 3,781,405.26
Time Weighted Return 3.87 8.67 14.44 14.74

Index
S&P 500 Total Return 6.68 10.76 15.06 -11.38
S&P 500 75/Barclays Agg. 25 3.75 5.81 12.43 -4.16

Performance Since Inception (9/30/2007) Household Performance

Market Month Quarter Year Inception
Portfolio Value To Date To Date To Date To Date
Family Trust 3,781,405.26 3.87 8.67 14.44 14.74
Wade Garrett Trust 2,205,118.92 3.54 9.39 14.01 18.73
ACCOUNT IRA 1,576,286.34 4.32 7.67 15.05 4.43

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Portfolio Overview
The Portfolio Overview gives your clients insight into the key metrics of their portfolio.

Evan Case Family Trust Portfolio Overview

Evan & Marilyn Case Net of Fees | US Dollar
12/31/2009 - 12/31/2010

The Activity Summary E C F il T tE & M il C B k fA i 99012 N t f F | US D ll 12/31/2009 12/31/201 l j

Activity Summary Portfolio Allocation as of 12/31/2010
displays the elements
Quarter to Date Year to Date
resulting in a portfolio’s Beginning Value 28,447,862.22 28,558,666.21
change in market value. Accrued Interest 58,187.57 60,710.71
Net Contributions/Withdrawals -150,000.00 -150,000.00

The Portfolio Allocation Realized Gains 1,713.44 34,439.49

Unrealized Gains 1,806,488.59 1,629,246.16
section uses both a chart
Income Received 25,509.55 122,704.38
(pie, column or bar) and Change in Accrued Interest 2,690.59 167.45
table format to depict Management Fees -57,055.90 -120,088.35
diversification of the Portfolio Fees -800.00 -1,250.00
portfolio by industry Ending Value 30,073,717.89 30,073,717.89

standard or custom Accrued Interest 60,878.16 60,878.16

classification.
Management Fees Paid by Client -10,000.00 -14,573.00
Portfolio Fees Paid by Client -1,500.00 -1,500.00
The Change in Portfolio
graphically represents
cashflows and changes Change in Portfolio
due to market Asset Class Market Value % Assets Yield
appreciation and/or Equity 16,860,385.43 56.0 2.7
depreciation. Fixed Income 7,780,440.52 25.8 5.3
Other 2,811,600.00 9.3 0.2
Any SMA portfolio will be Cash 2,682,170.10 8.9 0.1
displayed in the Total 30,134,596.05 100.0 2.9
appropriate individual
segment.

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Performance Overview
The Performance Overview report gives you a comprehensive look at the portfolio performance at multiple time periods and compares them to
relevant benchmarks.

Investment Management Consulting Performance Overview

Balanced Fund Gross of Fees | US Dollar
Account # 12345 December 31, 2010

D b 31 2010 l j
Choose the Performance Performance History
History time period to Annualized Annualized Annualized Annualized Annualized Annualized
Month Quarter Latest Latest Latest Inception
display. Asset Class To Date To Date 1 Year 3 Years 5 Years To Date
Equity (3.31) 58.12 38.97 8.49 14.14 3.19
Fixed Income (10.47) (1.65) 5.09 (2.37) 0.40 2.97
The graph can reflect Time
Cash 0.00 0.00 0.00 0.00 0.32 0.12
Weighted Return (TWR) or
Other 0.00 0.00 0.00 0.00 0.00 0.00
Growth of a Dollar. Account (3.23) 14.89 11.32 1.76 6.06 1.73

View a portfolio’s TWR Index

since inception for Russell 2000 141.89 79.58 25.31 0.76 3.08 7.39

portfolios and bench- S&P 500 Index 112.82 47.55 12.88 (5.00) 0.17 2.16
S&P 500 75/Barclays Captial Agg.
marks, as well as 72.53 31.60 12.41 (1.91) 1.75 7.20
25
sub-period performance.

Time Weighted Return Inception (December 31, 1994) to Date

Your Company
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17
Risk Overview
The Risk Overview report enables firms to show returns plotted against standard deviation.

Evan Case Risk Overview

CASE Net of Fees | US Dollar
12/31/2009 - 12/31/2010

Chart shows a graphic E C CASE Fifth Thi d B k 99012347 N t f F | US D ll 12/31/2009 12/31/2010 l j

Annualized Return vs. Standard Deviation
of the return versus the
standard deviation.

The table view includes

an additional column for
Sharpe ratio.

Risk Statistics
Sharpe Ratio Annualized Standard Deviation Annualized Return
Evan Case 1.14 13.40 15.44
S&P 500 75/Barclays Agg. 25 1.14 10.84 12.43
S&P 500 Total Return 0.86 18.44 15.06
Barclays Agg. Bond 2.23 4.07 9.37

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18
Policy Overview
This report displays a portfolio’s actual and target allocations.

Evan Case Family Trust Policy Overview

Evan & Marilyn Case Model: WMR Model Account | US Dollar
12/31/2010

This report can be run for E C F il T E & M il C B k fA i 990 WMR M d l A t12/31/2010 l j M d l

Actual Allocations Target Allocations
both held securities or on
SMAs.

If run for an SMA portfolio

asset classes will be
displayed in the
appropriate individual
segment.

Asset Class % Assets % Target % Difference Market Value

Equity 40.4 43.2 -2.8 12,149,902.01
Fixed Income 25.7 0.0 25.7 7,719,562.36
Other 9.3 0.0 9.3 2,811,600.00
Cash 10.9 24.4 -13.5 3,276,709.76
International 13.7 32.5 -18.8 4,117,193.76
Total 100.0 100.0 0.0 30,074,967.89

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19
Historical Policy Overview
The Historical Policy Overview provides a history of allocation over time.

Evan Case Family Trust Historical Policy Overview

Evan & Marilyn Case Model: EVAN CASE IRA | US Dollar
12/31/2010

E C F il T E & M il C B k fA i 990 EVAN CASE IRA | U 12/31/2010 l j M d l

Present target vs. actual Current Asset Allocation vs. Investment Policy
allocation for your chosen
Actual Allocation As Of Target Difference
classification such as Asset Class 12/31/2010 Allocation From Target
sector or asset class. Equity 40.4 % 12,149,902.01 70.1 % 21,074,373.53 -29.7 % -8,924,471.52
Fixed Income 25.7 % 7,719,562.36 29.9 % 8,978,081.54 -4.2 % -1,258,519.18
Quickly discern where Other 9.3 % 2,811,600.00 0.0 % 0.00 9.3 % 2,811,600.00
shifts in allocation have Cash 10.9 % 3,276,709.76 0.1 % 22,512.82 10.8 % 3,254,196.94
occurred. International 13.7 % 4,117,193.76 0.0 % 0.00 13.7 % 4,117,193.76
Total 100.0 % 30,074,967.89 100.0 % 30,074,967.89
Any SMA portfolio will be
included in the appropriate
individual segment.

Asset Allocation Over Time Inception (9/30/2007) to Date

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20
Allocation Summary
The Allocation Summary report reveals the actual and target allocation.

Evan Case Family Trust Allocation Summary

Evan & Marilyn Case Model: EVAN CASE IRA | US Dollar
12/31/2010

Market % Target % % Target Value

This report displays Classification Value Assets Allocation Difference Value Difference
information for standard Equity
investments, such as ALLIANZ NFJ SMALL VALUE SMA 4,313,915.27 14.3 0.0 14.3 0.00 4,313,915.27
AMERICAN BALANCED FD INC CL C 96,295.48 0.3 6.1 -5.8 1,837,282.60 -1,740,987.12
stocks, bonds and mutual
BB&T EQUITY INCOME SMA 5,335,544.03 17.7 0.0 17.7 0.00 5,335,544.03
funds. In addition,
DODGE & COX FDS INTL STK FD 392,810.00 1.3 0.0 1.3 0.00 392,810.00
Separately Managed ISHARES TR DJ US INDEX FD 94,327.75 0.3 6.0 -5.7 1,799,739.03 -1,705,411.28
Accounts (SMAs) display ISHARES TR LRGE CORE INDX 93,242.95 0.3 5.9 -5.6 1,779,041.42 -1,685,798.47
side by side with these ISHARES TR MSCI EAFE IDX 407,540.00 1.4 0.0 1.4 0.00 407,540.00
standard investments. ISHARES TR MSCI EMERG MKT 595,525.00 2.0 0.0 2.0 0.00 595,525.00
ISHARES TR NYSE COMP INDX 87,154.17 0.3 5.5 -5.2 1,662,869.76 -1,575,715.59
ISHARES TR RUSSELL 2000 109,158.57 0.4 6.9 -6.6 2,082,705.63 -1,973,547.06
ISHARES TR S&P 500 INDEX 91,591.53 0.3 5.8 -5.5 1,747,532.90 -1,655,941.37
VANGUARD INDEX FDS GROWTH PTFL 98,327.41 0.3 6.2 -5.9 1,876,050.99 -1,777,723.59
VANGUARD INDEX FDS SML CP GRW INV 111,227.51 0.4 7.1 -6.7 2,122,180.24 -2,010,952.74
VANGUARD WHITEHALL FDS INC MID CP GRW INV 103,547.03 0.3 6.6 -6.2 1,975,639.52 -1,872,092.49
VANGUARD/WELLESLEY INCOME FD COM 114,356.96 0.4 7.3 -6.9 2,181,514.25 -2,067,157.29
VANGUARD/WELLINGTON FD INC COM 105,338.35 0.4 6.7 -6.3 2,009,817.18 -1,904,478.84
Equity Total 12,149,902.01 40.4 70.1 -29.7 21,074,373.53 -8,924,471.52
Fixed Income
FIDELITY ADVISOR SER II HI INCM ADV B 228,831.53 0.8 14.5 -13.8 4,366,022.02 -4,137,190.49
ISHARES TR BARCLYS TIPS BD 1,075,200.00 3.6 0.0 3.6 0.00 1,075,200.00
ISHARES TR BARCLYS US AGG B 1,057,500.00 3.5 0.0 3.5 0.00 1,057,500.00
WELLS FARGO FDS TR ADV GOV SC INV 241,726.82 0.8 15.3 -14.5 4,612,059.52 -4,370,332.70
CALIFORNIA ST ECONOMIC RECOVERY 600,000.00 2.0 0.0 2.0 0.00 600,000.00
5.000% Due 07-01-12
TIME WARNER COMPANIES INC 457,433.60 1.5 0.0 1.5 0.00 457,433.60
9.125% Due 01-15-13
GENERAL ELECTRIC CO 320,691.90 1.1 0.0 1.1 0.00 320,691.90
5.000% Due 02-01-13
UNITED STATES TREAS NTS 634,875.70 2.1 0.0 2.1 0.00 634,875.70
1.875% Due 07-15-13
UNITED STATES TREAS NTS 610,670.05 2.0 0.0 2.0 0.00 610,670.05
1.625% Due 01-15-15
UNITED STATES TREAS NTS 599,932.76 2.0 0.0 2.0 0.00 599,932.76
2.000% Due 01-15-16

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21
Allocation Summary
(Continued)

Evan
EvanCase
CaseFamily
FamilyTrust
Trust
Allocation
Allocation Summary
Summary
Evan
Evan&&Marilyn
MarilynCase
Case Model:
Model:EVAN
EVANCASE
CASEIRA
IRA||US
USDollar
Dollar
12/31/2010
12/31/2010

Market
Market %% Target
Target%% %% Target
Target Value
Value
Classification
Classification Value
Value Assets
Assets Allocation
Allocation Difference
Difference Value
Value Difference
Difference
Cash
Fixed Income
SAN FRANCISCO
Cash Account CALIF CITY&CNTY UNI SCHDST 1,277,700.00
196,720.69 4.2
0.7 0.0
0.0 4.2
0.7 0.00
1,207.17 1,277,700.00
195,513.52
5.000% Due
Dividend 06-15-19
Wash Account 1,098.67 0.0 0.1 -0.1 21,305.66 -20,206.99
GEORGIA
MAIRS PAC CORP
& POWERS GROWTH SMA 615,000.00
3,078,890.40 2.0
10.2 0.0
0.0 2.0
10.2 0.00
0.00 615,000.00
3,078,890.40
Cash8.875%
Total Due 05-15-31 3,276,709.76 10.9 0.1 10.8 22,512.82 3,254,196.94
Fixed Income Total 7,719,562.36 25.7 29.9 -4.2 8,978,081.54 -1,258,519.18
SMA
Other
BLACKROCK SMALL GROWTH SMA 4,117,193.76 13.7 0.0 13.7 0.00 4,117,193.76
SMA ALETHEIA
Total MARKET NEUTRAL LP 792,000.00
4,117,193.76 2.6
13.7 0.0
0.0 2.6
13.7 0.00
0.00 792,000.00
4,117,193.76
DRAWBRIDGE DISTRESSED DEBT FUND 763,200.00 2.5 0.0 2.5 0.00 763,200.00
TotalGOLDMAN
Portfolio SACHS PRIVATE EQUITY PRTRS LP 585,000.00
30,074,967.89 1.9
100.0 0.0
100.0 1.9
0.0 0.00
30,074,967.89 585,000.00
0.00
LEUTHOLD FDS INC GRIZZLY SHORT 175,500.00 0.6 0.0 0.6 0.00 175,500.00
POWERSHARES DB CMDTY IDX TRACK UNIT BEN INT 495,900.00 1.6 0.0 1.6 0.00 495,900.00
Other Total 2,811,600.00 9.3 0.0 9.3 0.00 2,811,600.00

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22
Equity Overview
The Equity Overview shows key information for the equity assets in the portfolio.

Evan Case IRA Equity Overview

CASEIRA US Dollar
12/31/2010

fh h d k ll l l d d
The report can be run for Portfolio Allocation as of 12/31/2010 Top 10 Holdings
firms needing to display Symbol Security Market Value % Assets
any custom classification, rost ROSS STORES INC COM 807,070.00 23.2

industry group, or sector. hrtv.x HEARTLAND VALUE FD COM 438,200.00 12.6

tif TIFFANY & CO NEW COM 398,528.00 11.5
hd HOME DEPOT INC COM 249,802.50 7.2
The report also
amgn AMGEN INC COM 208,620.00 6.0
graphically displays txn TEXAS INSTRS INC COM 130,000.00 3.7
equity allocations by sch SCHWAB CHARLES CORP NEW COM 102,660.00 3.0
security type. hrl HORMEL FOODS CORP 102,520.00 3.0
csco CISCO SYS INC COM 80,920.00 2.3
tyc TYCO INTL LTD BERMUDA SHS 66,304.00 1.9
Top 10 Holdings Total 2,584,624.50 74.4

Equity Allocation by Security Type

Industry Sector Market Value % Equity % Assets
INDUSTRIALS 88,252.00 3.1 2.5
CONSUMER DISCRETIONARY 685,307.00 23.8 19.7
CONSUMER STAPLES 973,995.00 33.8 28.0
HEALTH CARE 245,730.00 8.5 7.1
FINANCIALS 158,308.00 5.5 4.6
TECHNOLOGY 288,240.00 10.0 8.3
LARGE CAP MF 484.90 0.0 0.0
SMALL CAP MF 438,200.00 15.2 12.6
Equity Total 2,878,516.90 100.0 82.9

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23
Fixed Income Distribution
The Fixed Income Distribution report includes the option to display the portfolio’s distribution by maturity, coupon, duration, or ratings.

Investment Management Consulting Fixed Income Distribution

Balanced Fund US Dollar
Account # 12345 12/31/2010

I t tM B l dF d A t # 12345 US D ll 12/31/2010 l j
For each of the four Distribution by Moody Rating Distribution by Duration
quadrants, firms can
% FI Average Average Average
choose to display data in Moody Rating Number Market Value Holdings YTM Coupon Duration
Aaa 3 5,853,868 45.0 % 4.1 3.961 % 8.3
table, pie, or bar chart
Aa2 1 544,903 4.2 % 4.8 5.000 % 2.7
form.
A1 1 2,802,291 21.5 % 4.9 4.750 % 5.3
Baa1 1 614,928 4.7 % 6.2 7.650 % 5.0
Caa3 1 3,204,650 24.6 % 5.4 5.330 % 6.8

Distribution by S&P Rating Distribution by Maturity

% FI Average Average Average
S&P Rating Number Market Value Holdings YTM Coupon Duration
AAA 3 5,853,868 45.0 % 4.1 3.961 % 8.3
AA+ 1 544,903 4.2 % 4.8 5.000 % 2.7
A+ 1 2,802,291 21.5 % 4.9 4.750 % 5.3
A- 1 614,928 4.7 % 6.2 7.650 % 5.0
CCC 1 3,204,650 24.6 % 5.4 5.330 % 6.8

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24
Fixed Income Overview
The Fixed Income Overview shows key information for the fixed income assets in the portfolio. With full fixed income functionality, Advent allows
you to calculate and report on these investments.

Investment Management Consulting Fixed Income Overview

Balanced Fund US Dollar
Account # 12345 12/31/2010

I t tM B l dF d A t # 12345 US D ll 12/31/2010 l j
Weighted Averages Weighted Averages Fixed Income Allocation
presents metrics specific Average Yield 4.72
to the fixed income Average Maturity 9.60
Average Coupon 4.69
portion of the portfolio.
Average Duration 6.91
Average Moody A3
The Fixed Income Totals Average S&P A-
and Fixed Income Average Fitch AA-
Allocations by Type
display summary
information for this
portion of your portfolio.

Fixed Income Totals

Par Value 13,406,971 % Fixed
Security Type Market Value Income % Assets
Market Value 13,020,641
Corporate Notes and Bonds 3,962,122 30.4 6.0
Total Cost 13,056,916
Net Gain/Loss -36,275 Government Notes and Bonds 2,277,875 17.5 3.5

Annual Income 616,835 U.S. Treasury Strips 1,156,021 8.9 1.8

Accrued Interest 118,095 CMO 3,204,650 24.6 4.9
US Treasury Inflation Indexed 2,419,972 18.6 3.7
Fixed Income Total 13,020,641 100.0 19.9

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Income Projection
The Income Projection report presents anticipated cash inflows from investments including mutual funds, stocks and bonds.

Evan Case Income Projection

CASE US Dollar
1/1/2010 - 12/31/2010

View income detail by

security and month.

This report can also

display summary
information at the
classification level.

Symbol Security Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010
Equity
Mutual Funds (USD)
fgri.x FIDELITY SECS FD GRWTH & 8.04 0.00 0.00 8.04 0.00 0.00 8.04 0.00 0.00 8.04 0.00 0.00
INCM PRT
vfin.x VANGUARD INDEX FDS 500 0.00 0.00 1.23 0.00 0.00 1.23 0.00 0.00 1.23 0.00 0.00 1.23
PORTFOLIO
Mutual Funds (USD) Total 8.04 0.00 1.23 8.04 0.00 1.23 8.04 0.00 1.23 8.04 0.00 1.23

Common Stock
agl ANGELICA CORP COM 1,760.00 0.00 0.00 1,760.00 0.00 0.00 1,760.00 0.00 0.00 1,760.00 0.00 7,040.00
ann ANNTAYLOR STORES CORP COM 0.00 654.00 0.00 0.00 654.00 0.00 0.00 654.00 0.00 0.00 654.00 0.00
adm ARCHER DANIELS MIDLAND CO 0.00 0.00 4,215.00 0.00 0.00 4,215.00 0.00 0.00 4,215.00 0.00 0.00 4,215.00
COM
t AT&T INC COM 0.00 4,868.00 0.00 0.00 4,868.00 0.00 0.00 5,268.00 0.00 0.00 10,799.40 0.00
bk BANK OF NEW YORK MELLON 0.00 2,896.80 0.00 0.00 2,896.80 0.00 0.00 2,896.80 0.00 0.00 3,983.10 0.00
CORP COM
bks BARNES & NOBLE INC COM 0.00 0.00 2,262.00 0.00 0.00 2,262.00 0.00 0.00 2,262.00 0.00 0.00 6,032.00

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Income Projection
(Continued)

Evan Case Income Projection

CASE US Dollar
1/1/2010 - 12/31/2010

Symbol Security Jan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010
bax BAXTER INTL INC COM 2,647.70 0.00 0.00 2,647.70 0.00 0.00 2,647.70 0.00 0.00 2,647.70 0.00 0.00
cvx CHEVRON CORP NEW COM 0.00 0.00 4,055.04 0.00 0.00 4,055.04 0.00 0.00 4,055.04 0.00 0.00 4,055.04
dell DELL INC COM 0.00 0.00 350.00 0.00 0.00 350.00 0.00 0.00 350.00 0.00 0.00 350.00
dow DOW CHEM CO COM 4,940.46 0.00 0.00 4,940.46 0.00 0.00 4,940.46 0.00 0.00 4,940.46 0.00 0.00
duk DUKE ENERGY CORP NEW COM 0.00 0.00 6,043.40 0.00 0.00 6,043.40 0.00 0.00 6,043.40 0.00 0.00 12,773.55
ge GENERAL ELECTRIC CO COM 3,007.00 0.00 0.00 3,007.00 0.00 0.00 3,007.00 0.00 0.00 3,007.00 0.00 0.00
goog GOOGLE INC CL A 0.00 0.00 36.40 0.00 0.00 36.40 0.00 0.00 76.40 0.00 0.00 76.40
se SPECTRA ENERGY CORP COM 0.00 0.00 4,735.70 0.00 0.00 4,735.70 0.00 0.00 4,735.70 0.00 0.00 9,883.20
wag WALGREEN CO COM 0.00 0.00 1,242.00 0.00 0.00 1,242.00 0.00 0.00 1,242.00 0.00 0.00 3,174.00
Common Stock Total 19,696.01 12,279.60 38,236.12 19,696.01 12,279.60 38,236.12 19,696.01 12,679.60 38,276.12 19,696.01 22,346.05 71,681.26

Equity Total 19,704.05 12,279.60 38,237.35 19,704.05 12,279.60 38,237.35 19,704.05 12,679.60 38,277.35 19,704.05 22,346.05 71,682.49

Fixed Income
Government Notes and Bonds
912810dv7 UNITED STATES TREAS BDS 0.00 4,625.00 0.00 0.00 0.00 0.00 0.00 4,625.00 0.00 0.00 0.00 0.00
9.250% Due 02-15-16
Government Notes and Bonds Total 0.00 4,625.00 0.00 0.00 0.00 0.00 0.00 4,625.00 0.00 0.00 0.00 0.00

Mutual Funds (USD)

fahb.x FIDELITY ADVISOR SER II HI 4.36 4.36 4.36 4.36 4.36 4.36 4.36 4.36 4.36 4.36 4.36 4.36
INCM ADV B
vsgb.x VANGUARD FIXED INCOME SECS 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
FD SHT TRM FED PT
stvs.x WELLS FARGO FDS TR ADV GOV 1.56 1.56 1.56 1.56 1.56 1.56 1.56 1.56 1.56 1.56 1.56 1.56
SC INV

Mutual Funds (USD) Total 5.99 5.99 5.99 5.99 5.99 5.99 5.99 5.99 5.99 5.99 5.99 5.99

Fixed Income Total 5.99 4,630.99 5.99 5.99 5.99 5.99 5.99 4,630.99 5.99 5.99 5.99 5.99

Cash
Cash Accounts
cash Cash Account 0.00 0.00 4,382.99 0.00 0.00 0.00 0.00 0.00 12,000.00 0.00 0.00 263.96
Cash Accounts Total 0.00 0.00 4,382.99 0.00 0.00 0.00 0.00 0.00 12,000.00 0.00 0.00 263.96

Cash Total 0.00 0.00 4,382.99 0.00 0.00 0.00 0.00 0.00 12,000.00 0.00 0.00 263.96

Total 19,710.04 16,910.59 42,626.33 19,710.04 12,285.59 38,243.34 19,710.04 17,310.59 50,283.34 19,710.04 22,352.04 71,952.44

Grand Total 350,804.39

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27
Portfolio Appraisal
The Portfolio Appraisal shows your clients all holdings in an account by individual tax lot or position. Information can include quantity, cost, market
value, percent of portfolio and yield or unrealized gain and loss.

Investment Management Consulting Portfolio Appraisal

Balanced Fund US Dollar
Account # 12345 12/31/2010

Unit Total Market % Unrealized

Securities can be grouped
Quantity Symbol Security Cost Cost Price Value Assets Gain/Loss
by investment type. Corporate Notes and Bonds
INDUSTRIALS
Show holdings as of trade LOCKHEED MARTIN CORP
500,000 539830AE9 123.29 616,450 121.71 608,553 0.9 -7,897
7.650% Due 05-01-16
or settle date. Show Accrued Interest 6,375 0.0
holdings by individual tax 616,450 614,928 0.9 -7,897
lot or the position level.
TECHNOLOGY
INTERNATIONAL BUSINESS MACHS
2,600,000 459200ba8 96.72 2,514,640 107.36 2,791,313 4.3 276,673
4.750% Due 11-29-12
Accrued Interest 10,978 0.0
2,514,640 2,802,291 4.3 276,673

Diversified Machinery
GENERAL ELECTRIC CO
500,000 369604ay9 105.00 525,000 106.90 534,487 0.8 9,487
5.000% Due 02-01-13
Accrued Interest 10,417 0.0
525,000 544,903 0.8 9,487

Corporate Notes and Bonds Total 3,656,090 3,962,122 6.0 278,263

Government Notes and Bonds
UNITED STATES TREAS BDS
1,600,000 912810ed6 98.25 1,572,000 139.32 2,229,125 3.4 657,125
8.125% Due 08-15-19
Accrued Interest 48,750 0.1
1,572,000 2,277,875 3.5 657,125
U.S. Treasury Strips
INTERNATIONAL BK FOR RECON&DEV
1,200,000 459056gt8 100.00 1,200,000 96.34 1,156,021 1.8 -43,979
0.000% Due 08-15-13
Accrued Interest 0 0.0
1,200,000 1,156,021 1.8 -43,979

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Portfolio Appraisal
(Continued)

Investment Management Consulting Portfolio Appraisal

Balanced Fund US Dollar
Account # 12345 12/31/2010

Unit Total Market % Unrealized

Quantity Symbol Security Cost Cost Price Value Assets Gain/Loss
TECHNOLOGY
1,500 aapl APPLE INC COM 200.04 300,055 322.56 483,840 0.7 183,785
20,820 glw CORNING INC COM 22.03 458,675 19.32 402,242 0.6 -56,432
1,020 goog GOOGLE INC CL A 522.04 532,481 593.97 605,849 0.9 73,369
22,410 intc INTEL CORP COM 22.08 494,823 21.03 471,282 0.7 -23,541
5,050 ibm INTERNATIONAL BUSINESS MACHS COM 115.50 583,275 146.76 741,138 1.1 157,864
42,460 mu MICRON TECHNOLOGY INC COM 11.03 468,344 8.02 340,529 0.5 -127,815
22,120 nt NORTEL NETWORKS LTD 24.03 531,554 84.50 1,869,140 2.9 1,337,586
26,990 orcl ORACLE CORP COM 17.78 479,892 31.30 844,787 1.3 364,895
3,849,097 5,758,808 8.8 1,909,711

UTILITIES
29,070 duk DUKE ENERGY CORP NEW COM 15.93 463,095 17.81 517,737 0.8 54,642
20,490 se SPECTRA ENERGY CORP COM 23.78 487,262 24.99 512,045 0.8 24,783
950,357 1,029,782 1.6 79,425

Common Stock Total 14,844,766 19,368,854 29.5 4,524,087

Cash Accounts
cash Cash Account 31,412,619 31,412,619 47.9
divacc Dividend Accrual (usd) 15,338 15,338 0.0
31,427,957 31,427,957 47.9

Cash Accounts Total 31,427,957 31,427,957 47.9

Total Portfolio 59,918,709 65,559,193 100.0 5,522,390

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Realized Gains and Losses
Realized Gains and Losses provides a listing of transactions, cost, proceeds, and associated gains or losses categorized by holding period.

Investment Management Consulting Realized Gains and Losses

Balanced Fund US Dollar
Account # 12345 1/1/2010 - 12/31/2010

Short Term Long Term

Quickly identify the
Open Date Close Date Quantity Security Cost Basis Proceeds Gain/Loss Gain/Loss
securities sold and the 5/1/2007 2/28/2010 800,000 EDUCATION LOANS INC 2004-C-D 800,000 812,000 12,000
associated short and long 5.329% Due 12-21-36
term gains generated. 7/2/2007 2/28/2010 819,700 EDUCATION LOANS INC 2004-C-D 860,685 819,700 -40,985
5.329% Due 12-21-36
8/14/2006 8/15/2010 2,000,000 U S TREAS SEC STRIPPED INT PMT 1,940,000 2,000,000 60,000

View a portfolio’s total 0.000% Due 08-15-10

Total Gains 0 72,000
gains and losses for any
time frame chosen. Total Losses 0 -40,985

Total 3,600,685 3,631,700 0 31,015

Total Realized Gain/Loss 31,015

No Capital Gains Distributions

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Transaction Summary
The Transaction Summary Report displays all of the account transactions maintained by Advent giving you an independent record apart from
your custodian.

Investment Management Consulting Transaction Summary

Balanced Fund US Dollar
Account # 12345 1/1/2010 - 12/31/2010

Select which transaction Purchases

types to display from a Unit
Trade Date Settle Date Quantity Security Cost Total Cost
variety of choices. 2/25/2010 3/2/2010 500,000 LOCKHEED MARTIN CORP 123.29 616,450
៑ Call
7.650% Due 05-01-16
៑ Contribution
2/25/2010 3/2/2010 600,000 INTERNATIONAL BUSINESS MACHS 106.19 637,140
៑ Dividends 4.750% Due 11-29-12
៑ Expenses 2/25/2010 3/2/2010 500,000 GENERAL ELECTRIC CO 105.00 525,000
៑ Interest 5.000% Due 02-01-13
Total Purchases 1,778,590
៑ Maturities

៑ Purchase

៑ Puts
Sales
Unit Unit
៑ Return of Capital Trade Date Settle Date Quantity Security Cost Total Cost Price Proceeds Gain/Loss
៑ Principal Payments 2/28/2010 3/1/2010 800,000 EDUCATION LOANS INC 2004-C-D 100.00 800,000 101.50 812,000 12,000
5.329% Due 12-21-36
៑ Sales
2/28/2010 3/1/2010 819,700 EDUCATION LOANS INC 2004-C-D 105.00 860,685 100.00 819,700 -40,985
៑ Withdrawals
5.329% Due 12-21-36
Total Sales 1,660,685 1,631,700 -28,985
At a glance clients can
review what has been
purchased and sold within
their account.

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Transaction Summary
(Continued)

Investment Management Consulting Transaction Summary

Balanced Fund US Dollar
Account # 12345 1/1/2010 - 12/31/2010

Interest
Trade Date Settle Date Security Amount
UNITED STATES TREAS (TIIPS) due
1/15/2010 1/15/2010 21,790
1/15/16
2.000% Due 01-15-16
2/15/2010 2/15/2010 UNITED STATES TREAS BDS 65,000
8.125% Due 08-15-19
5/29/2010 5/29/2010 INTERNATIONAL BUSINESS MACHS 47,500
4.750% Due 11-29-12
UNITED STATES TREAS (TIIPS) due
7/15/2010 7/15/2010 21,976
1/15/16
2.000% Due 01-15-16
8/15/2010 8/15/2010 UNITED STATES TREAS BDS 65,000
8.125% Due 08-15-19
11/29/2010 11/29/2010 INTERNATIONAL BUSINESS MACHS 47,500
4.750% Due 11-29-12
Total Interest 268,766

Maturities
Unit Unit
Trade Date Settle Date Quantity Security Cost Total Cost Price Proceeds Gain/Loss
8/15/2010 8/15/2010 2,000,000 U S TREAS SEC STRIPPED INT PMT 97.00 1,940,000 100.00 2,000,000 60,000
0.000% Due 08-15-10
Total Maturities 1,940,000 2,000,000 60,000

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Disclaimer and Terms
The disclaimer page offers flexibility to display firm specific disclaimers and supplemental information.

Disclaimer & Terms

December 31, 2010

Provide terms and 1. Sample 8 Investments claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Sample 8
Investments has been independently verified for the period from 1 April 1996 through 31 December 2009.
definitions to clients.
Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to
Include supplemental calculate and present performance in compliance with the GIPS standards. The Large-Cap SMA Composite has been examined for the period from 1 January 2006 through 31 December 2009. The verification
information to support and performance examination reports are available upon request.

report detail. 2. Sample 8 Investments is an independent investment adviser registered under the Investment Advisers Act of 1940, was founded in March 1996, and manages global large-cap equity, fixed income, and
balanced strategies.

3. Beginning 1 January 2006, the composite includes only wrap fee (SMA) portfolios benchmarked to the XYZ Index. Performance results prior to 2006 are based on the Large-Cap Institutional Composite
returns.

4. The Large-Cap SMA Composite is comprised of portfolios invested in U.S. equities which have a market capitalization greater than $5 billion.

5. The composite was created in February 2006. A list of composite descriptions is available upon request.

6. All returns are expressed in U.S. dollars. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.

7. The XYZ Index returns are provided to represent the investment environment existing during the time periods shown. For comparison purposes, the index is fully invested and includes the reinvestment of
income. The returns for the index do not include any trading costs, management fees, or other costs. Index returns have been taken from published sources.

8. “Pure” gross returns, presented below as supplemental information, from 2006 through 2010 do not reflect the deduction of any trading costs, fees, or expenses and are presented for comparison purposes
only. “Pure” gross returns prior to 2006 reflect the deduction of trading costs. The SMA fee includes all charges for trading costs, portfolio management, custody, and other administrative fees. Net returns
are calculated by subtracting the highest applicable SMA fee (2.50% on an annual basis, or 0.21% monthly) on a monthly basis from the “pure” gross composite monthly return. The standard fee schedule in
effect is as follows: 2.50% on total assets.

9. The dispersion is measured by the equal-weighted standard deviation of annual returns of those portfolios that are included in the composite for the full year.

10. At 31 December 2010, the three-year annualized ex-post standard deviation of the composite and the benchmark are 12.3% and 13.2%, respectively.

11. Past performance is not an indicator of future results.

Your Company Copyright ©© 2011

Copyright 2013 Advent
AdventSoftware,
Software, Inc.
Inc.

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