NorthCoast Investment Process Analyze Market RiskToday’s market environment is more volatile than ever before. Tomorrow will be no different. The only constant we can count on is change. With change comes the necessity and opportunity to actively analyze current market conditions. NorthCoast Retirement Portfolios measure risk daily. This analysis monitors an extensive set of data points from a variety of technical, valuation, sentiment, and macroeconomic indicators, which research has shown to influence market direction. No single factor alone can navigate the market. It’s the aggregate that matters. Understanding the risk of the marketplace is the first step in developing a portfolio built for the road ahead.

Select SecuritiesNorthCoast’s active security selection follows a thorough examination of the current market environment. An initial screen of the entire ETF universe reduces to a select list based on liquidity, asset base, fees, and exposure. The same criteria used to determine market risk is then replicated in the security selection process -- technical, sentiment, valuation, and macroeconomic indicators are filtered daily with the best risk-adjusted return potential in mind. Within each asset class, investments demonstrating the most favorable relationship between risk and return are selected.

Manage Risk...ActivelyMoney management is more about avoiding punishing losses than booking terrific gains. Active risk management controls can provide investors peace of mind when dealing with market volatility. Portfolio adjustments to preserve capital occur due to factors at the macro (market) level and/or micro (secu-rity) level. Volatility, price drawdown, correlation, and asset class shifts can all trigger the sale of a position. Daily monitoring of the portfolios allows for the timely execution of the strategy.

NorthCoast OverviewFor many investors, retirement is soon approaching and for some, it’s already here – this is your time. People are living longer and the road to financial security is more complex than ever before. Retirees need thoughtful solutions that properly balance the risk between portfolio growth and peace of mind.

The rise of the Exchange Traded Fund (ETF) marketplace has provided NorthCoast with the tools necessary to deliver in-vestment products designed to solve this tradeoff. Utilizing a variety of iShares® ETFs, NorthCoast now introduces a family of Retirement Portfolios that provide investors with increased transparency, lower costs, greater efficiency, and potentially greater return.

For over 25 years, NorthCoast Asset Management has established itself as a premier manager of investment solutions. Daily market research, active security selection, and disciplined risk management are the key components to every NorthCoast strategy. This three-step investment process is designed to enhance diversification, lower volatility, and deliver a solid retirement portfolio.

1) Evaluating the market environment, 2) selecting superior ETFs based on that market environment, and 3) monitoring those ETFs every day is the hands-on approach you can expect with NorthCoast Retirement Portfolios. Check out the next page to see which portfolio is right for you.

Tactical Income Objective: A conservative plan, emphasis on income

Ideal Investor: Currently retired or within 5 years; Capital preservation is the primary objective; Uses investment income for expenses

Description: Seeks a target yield of inflation +2-3%, protection against rising interest rates & inflation with real assets, potential for appreciation through growth assets, and downside protection through a tactical allocation to yield sources with diversification benefits

Competitive Benchmark: Global Bond Aggregate

Diversified Growth Objective: Long-term growth by means of capital appreciation and income

Ideal Investor: Retirement is within 10-20 years; Growth is primary objective; Capital appreciation is key for retirement goals; A core strategy for many

Description: Invests in a basket of global ETFs with the flexibility of modest tactical shifts across equity, fixed income, and alternative solutions designed for long-term growth

Competitive Benchmark: 70% MSCI ACWI / 30% Global Bond Aggregate

Diversified Core Objective: Balanced approach to growth & income

Ideal Investor: Retirement is within 5-10 years; Needs for capital preservation equal hopes for capital appreciation; Seeking moderate return; Retirement goals are within reach

Description: Invests in a basket of global ETFs with the flexibility of modest tactical shifts across equity, fixed income, and alternative solutions designed to deliver a balanced approach to investing

Competitive Benchmark: 50% MSCI ACWI / 50% Global Bond Aggregate

Tactical Growth Objective: Long-term capital appreciation with secondary objective of capital preservation

Ideal Investor: Retirement is within 5-25 years; Used as a periphery investment to core allocation; Capital appreciation is necessary for retirement goals

Description: Invests in a basket of global ETFs with the flexibility of full tactical shifts to invest oppor-tunistically as market outlook improves and protect capital as market outlook weakens

Competitive Benchmark: MSCI ACWI

Portfolio allocations are as of 12/31/2015. The allocations above are for informational purposes only. They can change and is not a recommendation to buy or sell any of the securities or to allocate a portfolio in this matter.

International EquityU.S. EquityAlternativeFixed IncomeCash Equivalents

Corporate DebtSovereign DebtAlternativeDividend Equity

Cash Equivalents

International EquityU.S. EquityAlternativeFixed IncomeCash Equivalents

International EquityU.S. EquityAlternativeFixed IncomeCash Equivalents

Investment DetailsAccount Minimum $100,000

Fees 0.65% - 1.00% Fee Range

CustodianClearing, custody or other brokerage services may be provided by National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC.

One Greenwich Office Park, Greenwich, CT 06831 | info@northcoastam.com | www.northcoastam.com | p 888.422.6754 | f 203.532.7014

Paul E. Dean, ChairmanMr. Dean graduated from Georgia Institute of Technology in 1966 with a B.S degree in Industrial Engineering and earned a MBA from Harvard University in 1968. He has been involved in researching, developing and implementing futures trading strategies and programs based on trend-timing trading philosophy since 1974. Mr. Dean was the partner of the late Richard D. Donchian, one of the first advocates of the diversified trend-following approach to managed futures. He co-founded NorthCoast in 1988.

Daniel J. Kraninger, PresidentPreviously Mr. Kraninger was SVP of GE Private Asset Management (GEPAM) a $2.5 billion money management subsidiary of GE Capital. His responsibility at GEPAM was directing their Private Client Group - a team that advised and managed money for over 1,500 high-net worth clients. Prior to GE, he served as Senior Vice President and President of O’Shaughnessy Capital Management (OCM), a $1 billion Greenwich investment adviser and mutual fund manager. Before OCM, Mr. Kraninger worked at Merrill Lynch and he is a graduate of Villanova University in Philadelphia.

Patrick Jamin, Chief Investment OfficerPreviously, Mr. Jamin was a Partner at Numeric Investors directing the portfolio management effort for all European Strategies, as well as managing Numeric’s World Fundamental Statistical Arbitrage Strategy. Prior to that he served as a Portfolio Manager at Standard Pacific Capital and as a Senior Quantitative Analyst at AIM Investments. Mr. Jamin received an M.B.A. from Harvard Busi-ness School with high distinction (2002), a Masters of Science in Telecommunications from Ecole Nationale Superieure des Telecom-munications de Paris (1997), a diploma of “Ingenieur de l’Ecole Polytechnique” from Ecole Polytechnique in Palaiseau, France (1995). Mr. Jamin is a CFA charter holder and a certified FRM.

John M. Wildern, Managing Director, SalesMr. Wildern began his career in the securities industry with UBS PaineWebber, where he primarily worked with 401(k) plans for the small business segment. He later managed a $700 million portfolio of both individual and institutional client assets in Chicago, IL. Mr. Wildern currently manages the intermediary sales division at NorthCoast. He holds a B.S. in Economics from Hillsdale College and an MBA from the J.L. Kellogg School of Management at Northwestern University.

Frank Ingarra, Jr., Senior Vice President, Head TraderPreviously Mr. Ingarra was Co-Portfolio Manager and Head Trader of the entire family of quantitatively managed Hennessy Funds totaling $900 million in assets. Prior to Hennessy, he served as Head Trader of O’Shaughnessy Capital Management (OCM), a $1 billion Greenwich investment advisor and mutual fund manager. Frank was awarded an MBA from the Frank G. Zarb School of Business at Hoftstra University and holds a Bachelor’s degree in Engineering and a minor in Business from Villanova University.

Principals

Experience: Founded in 1988, NorthCoast has become a leader in the field of investment management

Performance: Premier asset manager with AUM of $3 billion, low-cost, and transaction-cost free.

Stability: Daily market research, quantitative security selection, disciplined risk management.

Why NorthCoast?

iShares® and BlackRock® are registered trademarks of BlackRock, Inc. and its affiliates (“BlackRock”) and are used under license. BlackRock makes no representations or warranties regarding the advisability of investing in any product or service offered by NorthCoast Asset Management. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of any product or service offered by NorthCoast Asset Management.