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Sample Family Investment Strategy Sam and Mary | January 2022

Doug Kinsey, CFP®, CIMA® | Partner

Table of Contents 1. Client Profile

1.1

MoneyMind®

1.2

HonestConversations®

2. Recommendations

2.1

Portfolio Snapshot

2.2

Portfolio Implementation

2.3

Investment Recommendations

2.4

Recommendation Details (Portfolio Details)

2.4.1

Fixed/Credit Weightings

3. Appendix

3.1

Fact Sheets

Sam and Mary, January 2022

Our Diﬀerence: Guidance-Driven Investing Ultimately, money is a resource to help you live your best possible life. Because your goals and needs are unique, we believe your investment portfolio should be, too. Our process is diﬀerent and straightforward. We’ve generated three steps to ensuring your money and investments support what matters most to you.

You get a portfolio that’s integrated with your ﬁnancial plan and customized for you.

Sam and Mary, January 2022

ClientProﬁle

Sam and Mary, January 2022

MoneyMind® results Sam's results

42%

36%

Mary's results

22%

Commitment Protection Happiness

35%

20%

45%

Commitment Protection Happiness

HonestConversations® Results Make work optional / retirement

Protect my lifestyle

Spend time with the people I care about

Income security / safety net

Educate those I care about

Viewﬁnder Results Preference

Performance

Protection

Preference - Global

Costs

Global - Greater diversiﬁcation

Taxes

Funding Score Last Update on 1/14/22

80 Underfunded

Ideal

Overfunded

Sam and Mary, January 2022

Investing involves risk and investments may lose value. Please consider your objectives before investing. Investments are not FDIC insured. Past performance does not guarantee future results. Investment outcomes and projections are forward-looking statements and hypothetical in nature. All information and recommendations provided “as is” based on information provided by clients. We have treated the information provided as reliable, have not independently veriﬁed any information and make no warranty or guaranty as to the accuracy or completeness of the information provided. PLEASE SEE INFORMATION REGARDING THIRD PARTY SOFTWARE USED TO CALCULATE YOUR FUNDING SCORE IN THE BACK OF THE BOOK

Sam and Mary, January 2022

Recommendations After careful consideration of your unique needs and objectives, we have constructed a personalized investment portfolio that may help you meet your objectives.

Sam and Mary, January 2022

Portfolio Snapshot Your Asset Allocation

60/20/5/15

0/0/0/0/100

53/34/7/6/0

TARGET ALLOCATION

CURRENT PORTFOLIO

PROPOSED ALLOCATION

Equity

Fixed income

Cash & Equivalents

Alternatives

Other

ACCOUNTS ACCOUNT NAME

STRATEGY NAME

CURRENT ALLOCATION

AMOUNT

Sam Sample IRA

$1,250,000

Sample Family Trust

$2,800,000

Mary Sample IRA

$300,000

Sam Sample Roth IRA

$312,750

Mary Sample Roth IRA

$283,540

Sam & Mary Sample Joint Account

$575,248

Donor Advised Fund

$167,000

Charles Sample UTMA

$140,000

Grace Sample UTMA

$141,000

Charles 529

$120,000

Sam and Mary, January 2022

Grace 529

$120,000

The information contained in this material is for general informational purposes only and does not constitute an oﬀer, solicitation, invitation or recommendation to buy or sell any ﬁnancial instruments or to provide any investment advice or service of any kind. See the back of the book for more important information

Sam and Mary, January 2022

Portfolio Implementation

Strategic Core - TaxExempt - Conservative (GOV-CORP)

$650,000 IRA Yield 2.13% Fee 0.15%

PFM: Active Equity - High Quality - International Sam Sample IRA

$1,250,000

$200,000 IRA

0001

Yield 1.84%

IRA

Fee 0.5%

PFM: Active Equity Focused Growth - US Large-Cap

$400,000 IRA Fee 0.5%

Sam and Mary, January 2022

PFM: Active Equity - US Real Estate

$400,000 RLT Yield 2.62% Fee 0.5%

PFM: Active Equity - Rising Dividend - US All-Cap

$600,000 RLT Yield 1.58% Fee 0.5%

Sample Family Trust

$2,800,000

Strategic Core - Taxable Moderate Aggressive $1,000,000 (MUNI)

0001

RLT

Yield 1.70% Fee 0.15%

Strategic Core - Taxable Fixed Income Only (MUNI)

$400,000 RLT Yield 1.16% Fee 0.15%

Cash $420,000 RLT

Sam and Mary, January 2022

Mary Sample IRA

$300,000

Strategic Core - TaxExempt - Moderate (GOVCORP)

0001

$300,000 IRA

IRA

Yield 2.05% Fee 0.15%

Sam Sample Roth IRA

$312,750

Strategic Core - TaxExempt - Moderate Aggressive (GOV-CORP)

0001

$312,750 Roth IRA

Roth IRA

Yield 2.02% Fee 0.15%

Mary Sample Roth IRA

$283,540

0001 Roth IRA

Strategic Core - TaxExempt - Moderate Aggressive (GOV-CORP)

$283,540 Roth IRA Yield 2.02% Fee 0.15%

Sam and Mary, January 2022

PFM: Active Equity - High Quality - US Large-Cap

$200,000 JTWROS Yield 1.70% Fee 0.5%

Sam & Mary Sample Joint $575,248 Account 0001 JTWROS

BlackRock 40/60 Target Allocation ESG ETF Strategy

$375,248 JTWROS Fee 0.25%

Outside Account 60/40 $167,000 Donor Advised Fund

$167,000

DAF

0001 DAF

Charles Sample UTMA

$140,000

0001 UTMA

Strategic Core - Taxable Moderate Aggressive (MUNI)

$140,000 UTMA Yield 1.70% Fee 0.15%

Sam and Mary, January 2022

Grace Sample UTMA

$141,000

0001 UTMA

Strategic Core - Taxable Moderate Aggressive (MUNI)

$141,000 UTMA Yield 1.70% Fee 0.15%

Outside Account 60/40 $120,000 Charles 529

$120,000

529

0001 529

Outside Account 60/40 $120,000 Grace 529

$120,000

529

0001 529

Sam and Mary, January 2022

Investment Recommendations

RECOMMENDED PORTFOLIO COMPOSITION

RECOMMENDED STRATEGIES

Sam and Mary, January 2022

Strategic Core - TaxExempt - Conservative (GOV-CORP)

10.43%

Outside Account 60/40

6.53%

Strategic Core - Taxable Moderate Aggressive (MUNI)

20.56%

PFM: Active Equity - High Quality - US Large-Cap

3.21%

Strategic Core - TaxExempt - Moderate Aggressive (GOV-CORP)

9.57%

BlackRock 40/60 Target Allocation ESG ETF Strategy

6.02%

Strategic Core - TaxExempt - Moderate (GOVCORP)

4.82%

PFM: Active Equity - High Quality - International

3.21%

PFM: Active Equity - US Real Estate

6.42%

PFM: Active Equity - Rising Dividend - US All-Cap

9.63%

PFM: Active Equity Focused Growth - US Large-Cap

6.42%

Strategic Core - Taxable Fixed Income Only (MUNI)

6.42%

Cash

6.74%

Sam and Mary, January 2022

Recommendation Details

7.58%

24.61%

AAA

47.63%

3.20%

4.99%

BBB

8.13%

Below B

1.28%

NR/NA

2.57%

FIXED/CREDIT WEIGHTINGS

Sam and Mary, January 2022

Appendix

Sam and Mary, January 2022

STRATEGIC CORE - TAX-EXEMPT - CONSERVATIVE (GOV-CORP)

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Goldman Sachs Private Wealth Management Investment Strategy Group (ISG) utilizes a proprietary multi-factor model to allocate to a broad variety of available investments, a robust optimization process to reduce subjective judgments, factor-based analytics to improve estimates of downside risk, and factor-based projections to adapt to the current and future economic environment.

Combining the power of Strategic and Tactical Asset Allocation informed by ISG, with the investment oversight of Alternative Investments & Manager Selection Group (AIMS), this series of strategies offers a diversified, adaptable core solution including Tactical Tilts for taxable investors.

Leveraging ISG’s Strategic Asset Allocation recommendations, the strategy is implemented via a selection of fully-vetted lower-cost ETFs targeting exposure to distinct sub-asset classes. In addition, Tactical Tilts are expressed via the Goldman Sachs Tactical Tilt Overlay Fund; these tilts represent opportunities to overweight/underweight assets relative to the strategic asset allocation to reflect tactical views (short-term shifts in portfolio weights in response to prevailing economic and market conditions). There are nine distinct risk allocation targets available for taxable and tax-exempt accounts. Holdings are reviewed and monitored periodically, and the strategies will be evaluated quarterly for rebalancing.

Asset Allocation

Equity - 33 Fixed Income - 64 [Cash] - 2

Top Holdings

iShares Core U.S. Aggregate Bond ETF Vanguard S&P 500 ETF SPDR Bloomberg Barclays High Yield Bond ETF iShares Currency Hedged MSCI EAFE ETF iShares Core MSCI EAFE ETF iShares Core S&P Small Cap ETF Vanguard Value ETF Vanguard Small Cap Value ETF iShares Core MSCI Emerging Markets ETF Vanguard Global ex-U.S. Real Estate ETF

Port. Ending Weight 59.27 16.83 7.25 4.61 4.54 2.02 1.49 1.01 1.00 0.99

Annualized Total Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Conservative (GOV/CORP) 35% MSCI ACWI Index; 65% Barclays US Aggregate Bond

QTD** -0.05 -0.27

YTD** 3.97 2.94

1 Year 9.80 8.56

Inception (4/1/2020) 14.33 14.05

Calendar Year Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Conservative (GOV/CORP) 35% MSCI ACWI Index; 65% Barclays US Aggregate Bond

Inception (4/1/2020) 14.33 14.05

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enablinginformed decision-making by prospective investors. The performance information is Gross-of-fees (“Gross”) and does not include the deduction of any investment advisory orsupplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. All performance statistics in this report are hypothetical and do not represent actual performance achieved by GS PFM or any client accounts. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized. FactSet Research Systems Inc. All Rights Reserved.

Hypothetical Growth of $10,000

Historical Risk/Return

12,500

Annualized Standard Deviation Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error

12,000 11,500 11,000 10,500 10,000 Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

Jul-21

Oct-21

Portfolio 5.37 99.22 87.16 0.85 0.95 97.39 2.12 0.90

Horizon: 04/30/2020 to 09/30/2021

Strategic Core - Tax-Exempt - Conservative (GOV/CORP) 35% MSCI ACWI Index; 65% Barclays US Aggregate Bond

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Depending on your circumstances, you may have a different implementation. As a result, your individual performance may be different than that reflected herein. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research Systems, Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice. ©2021 United Capital Financial Advisers, LLC, a Goldman Sachs Company d/b/a Goldman Sachs Personal Financial Management. All Rights Reserved

STRATEGIC CORE - TAXABLE - MODERATE AGGRESSIVE (MUNI)

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Combining the power of Strategic Asset Allocation informed by ISG with the investment oversight of Alternative Investments & Manager Selection Group (AIMS), this series of strategies offers a diversified, adaptable core solution for investors for both taxable and tax-exempt accounts.

Leveraging the Strategic Asset Allocation recommendations, the strategy is implemented via a selection of fully-vetted lower-cost ETFs targeting exposure to distinct sub-asset classes. There are nine distinct risk allocation targets available, for taxable and tax-exempt accounts. Holdings are reviewed and monitored periodically, and the strategies will be evaluated quarterly for rebalancing.

Asset Allocation

Equity - 62 Fixed Income - 36 [Cash] - 2

Top Holdings

Vanguard S&P 500 ETF SPDR Nuveen Bloomberg Barclays Short Term Municipal Bo… iShares National Muni Bond ETF iShares Currency Hedged MSCI EAFE ETF iShares Core MSCI EAFE ETF SPDR Nuveen Bloomberg Barclays High Yield Municipal Bo… iShares Core S&P Small Cap ETF iShares Core MSCI Emerging Markets ETF Vanguard Global ex-U.S. Real Estate ETF Vanguard Real Estate ETF

Port. Ending Weight 31.93 19.47 11.87 8.26 8.13 6.73 4.08 3.04 1.75 1.72

Annualized Total Returns, Gross of Fees (%)

Strategic Core - Taxable - Moderate Aggressive (MUNI) 60% MSCI ACWI Index; 40% Barclays Muni 1-10 Yr

QTD** -0.36 -0.64

YTD** 8.91 6.76

1 Year 19.18 16.59

Inception (4/1/2020) 24.83 24.10

Calendar Year Returns, Gross of Fees (%)

Strategic Core - Taxable - Moderate Aggressive (MUNI) 60% MSCI ACWI Index; 40% Barclays Muni 1-10 Yr

Inception (4/1/2020) 24.83 24.10

Hypothetical Growth of $10,000

Historical Risk/Return

14,500 14,000 13,500 13,000 12,500 12,000 11,500 11,000 10,500 10,000

Annualized Standard Deviati… Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

Jul-21

Oct-21

Portfolio 8.24 102.55 90.51 1.50 0.97 97.65 2.59 1.29

Horizon: 04/30/2020 to 09/30/2021

Strategic Core - Taxable - Moderate Aggressive (MUNI) 60% MSCI ACWI Index; 40% Barclays Muni 1-10 Yr

ACTIVE EQUITY - HIGH QUALITY - US LARGE CAP

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Measures of business "quality"- such as strong cash flows, stable earnings, above-average profit margins and strong balance sheets - have historically correlated with stock performance and sustainability over time.

A strategy that features a quantitative and Through a four stage screening process, the portfolio qualitative assessment of quality measures such as manager narrows the investment universe to cash flows, earnings, and competitive advantage. companies that have low leverage and investmentgrade balance sheets; strong cash flows; currently profitable with stable earnings, and above average levels of profit margins (historically).

Asset Allocation

Equity - 98 [Cash] - 2

Investment Process

Top Holdings Port. Ending Weight 4.20 4.17 4.11 4.10 4.07 4.06 4.05 4.04 4.04 4.02

Raytheon Technologies Corporation General Dynamics Corporation Visa Inc. Class A International Flavors & Fragrances Inc. Oracle Corporation Berkshire Hathaway Inc. Class B Cognizant Technology Solutions Corporation Class A C.H. Robinson Worldwide, Inc. Unilever PLC Sponsored ADR Walt Disney Company

Annualized Total Returns, Gross of Fees (%)

Active Equity - High Quality - US Large-Cap (Saratoga Investment Management) S&P 500 - Gross Return

QTD**

YTD**

1 Year

3 Year

5 Year

0.31 0.58

13.24 15.92

22.61 30.00

15.39 15.99

17.33 16.90

Inception (7/1/2015) 15.98 14.71

Calendar Year Returns, Gross of Fees (%)

Active Equity - High Quality - US Large-Cap (Saratoga Investment Management) S&P 500 - Gross Return

2020 17.50 18.40

2019 26.54 31.49

2018 2.16 -4.38

2017 27.78 21.83

2016 10.14 11.96

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enabling informed decision-making by prospective investors. The performance information is Gross-of-fees (“Gross”) and does not include the deduction of any investment advisory or supplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. All performance statistics in this report are hypothetical and do not represent actual performance achieved by GS PFM or any client accounts. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized.

Hypothetical Growth of $10,000

Historical Risk/Return

26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000

Annualized Standard Deviation Upside Capture % Downside Capture % Beta Alpha R-Squared Sharpe Ratio Tracking Error Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Portfolio 12.78 85.85 84.65 0.82 3.33 90.46 1.15 4.74

Horizon: 07/31/2015 to 09/30/2021

Active Equity - High Quality - US Large-Cap (Saratoga Investment Management) S&P 500 - Gross Return

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research System Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice. ©2021 United Capital Financial Advisers, LLC, a Goldman Sachs Company d/b/a Goldman Sachs Personal Financial Management. All Rights Reserved

STRATEGIC CORE - TAX-EXEMPT - MODERATE AGGRESSIVE (GOV-CORP)

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Asset Allocation

Equity - 57 Fixed Income - 40 [Cash] - 2

Top Holdings Port. Ending Weight 33.76 30.93 8.35 6.97 6.86 4.08 3.04 1.53 1.50 1.50

iShares Core U.S. Aggregate Bond ETF Vanguard S&P 500 ETF SPDR Bloomberg Barclays High Yield Bond ETF iShares Currency Hedged MSCI EAFE ETF iShares Core MSCI EAFE ETF iShares Core S&P Small Cap ETF iShares Core MSCI Emerging Markets ETF Vanguard Small Cap Value ETF Vanguard Global ex-U.S. Real Estate ETF Vanguard Value ETF

Annualized Total Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Moderate Aggressive (GOV/CORP) 60% MSCI ACWI Index; 40% Barclays US Aggregate Bond

QTD**

YTD**

1 Year

-0.20 -0.61

7.82 5.98

17.62 15.60

Inception (4/1/2020) 23.72 23.32

Calendar Year Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Moderate Aggressive (GOV/CORP) 60% MSCI ACWI Index; 40% Barclays US Aggregate Bond

Inception (4/1/2020) 23.72 23.32

Hypothetical Growth of $10,000

Historical Risk/Return

14,000 13,500 13,000 12,500 12,000 11,500 11,000 10,500 10,000

Annualized Standard Deviation Upside Capture % Downside Capture % Annualized Alpha Beta R-Squared Annualized Sharpe Ratio Annualized Tracking Error Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

Jul-21

Oct-21

Portfolio 7.90 99.03 85.82 1.84 0.93 97.68 2.45 1.36

Horizon: 04/30/2020 to 09/30/2021

Strategic Core - Tax-Exempt - Moderate Aggressive (GOV/CORP) 60% MSCI ACWI Index; 40% Barclays US Aggregate Bond

This strategy is not permitted in Qualified Accounts EXCEPT for: 1) IRA Accounts (Excluding SIMPLE and SEP; 2) Coverdell ESA

3Q 2021

MANAGED PORTFOLIO STRATEGIES

40/60 Target Allocation ESG The ESG Portfolio Strategies are a suite of investment options that seek total return through exposure to a diversified portfolio of asset classes, with an extensive focus on companies that exhibit positive environmental, social and governance (ESG) characteristics. The strategies offer varying allocations to equities and fixed income. The strategies are managed by Michael Gates, CFA Head of U.S. Model Portfolio Solutions. Each strategy can be implemented within a separate account managed by your advisor to help achieve a range of personal goals.

Current Allocation

Allocations- as of 10/21/2021 U.S. Equity International Equity U.S. Fixed Income Cash

Holdings- as of 10/21/2021 U.S. Equity iShares ESG Aware MSCI USA ETF iShares ESG Advanced MSCI USA ETF iShares ESG Aware MSCI USA Small-Cap ETF International Equity iShares ESG Aware MSCI EAFE ETF iShares ESG Advanced MSCI EAFE ETF iShares ESG Aware MSCI EM ETF U.S. Fixed Income iShares ESG Advanced Total USD Bond Market ETF iShares ESG Aware 1-5 Year USD Corporate Bond ETF Cash United States Dollar

% 31.0% 13.0% 54.0% 2.0%

Investment Strategy This investment strategy seeks total return through exposure to a diversified portfolio with an extensive focus on companies that exhibit positive environmental, social, and governance (ESG) characteristics. It invests in primarily equity, and to a lesser extent, Fixed Income asset classes with a target allocation of 40% equities and 60% Fixed Income. Target allocations can vary +/-5%. It invests exclusively in iShares Exchange Traded Funds which may pay fees and expenses to BlackRock that are in addition to the fees payable to BlackRock for managing the account. Selection of this strategy indicates a willingness to assume some risk of principal loss. More detailed information on this strategy is available upon request.

Portfolio Weight (%) 15.50% 9.50% 6.00% 6.50% 4.50% 2.00% 48.00% 6.00% 2.00%

This information has been provided by third party sources. Goldman Sachs was not involved in its preparation and is not responsible for the content, accuracy, completeness or fairness of such information. Goldman Sachs makes no representations, guarantees or warranties of any kind whatsoever regarding such information. Any such information is intended for information purposes only, and any views or opinions expressed therein are the views or opinions of that third party. Goldman Sachs has relied upon and assumed (without independent verification) the accuracy and completeness of such information and neither agrees nor disagrees with the content herein.

Investing involves risk. Asset allocation strategies do not assure a profit and do not protect against loss. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities.

This information is not personalized investment advice or an investment recommendation by BlackRock, and is intended for use only by a third party investment advisory firm in connection with its management of its own clients’ accounts. BlackRock does not have investment discretion over, or place trade orders for, any portfolio or account derived from this information. Performance of any portfolio or account derived from this information may vary materially from the performance shown herein. There is no guarantee that any investment strategy illustrated will be successful or achieve any particular level of results. Please review the disclosures at the end of this document and consult your financial advisor for more information.

Actual client accounts may hold up to 2% in cash.

MKTGM1121U/S-1899735-1/2

40/60 Target Allocation ESG

YTD 9/30/2021 6/30/2021 3/31/2021 12/31/2020

THIRD QUARTER 2021

Quarterly Composite Performance (% Returns) Composite (Net) Composite (Gross) Benchmark* 1.41 3.76 4.17 -1.28 -0.53 -0.19 3.11 3.90 4.30 -0.37 0.39 0.07 6.14 6.95 6.43

Average Annual Total Composite Returns (%) Composite (Net) Composite (Gross) Benchmark* 7.64 10.97 10.88 1 Year 6.13 9.42 9.40 3 Year 5 Year 10 Year 1 6.04 9.32 9.06 Since Inception

Gross Weighted Average Expense Ratio 0.14% Net Weighted Average Expense Ratio 0.13%

The difference between gross and net expense ratios are due to contractual and/or voluntary waivers on underlying funds, if applicable. Any applicable waiver will be terminable based upon each fund’s respective prospectus notice period. BlackRock may agree to voluntarily waive certain fees and expenses, which the adviser may discontinue at any time without notice. Please see the respective prospectus’s for contractual waiver end dates.

Important Notes 1Annualized since Inception returns are based on the inception date of the composite which is 4/30/18 *Benchmark Description:: The benchmark index shown is a blended benchmark 28% MSCI All Count World Index Total Return, 60% BBG Barclays US Universal Index and 12% MSCI Developed US Net Total Return Index. . The performance results from inception to the end of the most recent calendar year represents the performance of one fully discretionary, unconstrained, proprietary separate account managed in this style for one month that did not pay any fees. Indices are unmanaged and used for illustrative purposes only and are not intended to be indicative of any fund or the managed portfolio strategy’s performance. It is not possible to invest directly in an index. Investing involves risk. Information concerning portfolio allocations and holdings is representative of the model portfolio for this strategy and does not necessarily reflect an actual account. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments, market, economic and individual company considerations. Futures and options may not be used in the portfolio to create leverage or for any other reason. BlackRock claims compliance with GIPS.“GIPS” is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. For a complete list and description of BlackRock composites and/or a presentations contact GroupGlobalGIPS@Blackrock.com. Past performance does not guarantee or indicate future results. The performance shown does not reflect the performance of actual client accounts based on the managed portfolio strategies that are managed by an Advisor utilizing BlackRock’s non-discretionary investment recommendations. Although it is generally contemplated that the Advisor will implement BlackRock’s investment recommendations in client accounts, the performance of such accounts may differ from the performance shown for a variety of reasons, including but not limited to: the Advisor, and not BlackRock, is responsible for implementing trades in the accounts; differences in market conditions; client-imposed investment restrictions; the timing of client investments and withdrawals; fees payable by such accounts; and/or other factors. Composite and benchmark/index performance results reflect realized and unrealized appreciation and the reinvestment of dividends, interest, and/or capital gains. Taxes have not been deducted. Gross composite returns do not reflect actual performance because they do not reflect the deduction of any fees or expenses. Such fees that a client may incur in the management of their investment advisory account may reduce the client’s return. The “net of fees” performance figures reflect the deduction of an investment advisory fee but do not reflect the deduction of custodial fees. All periods longer than one year are annualized. Net composite returns reflect the deduction of an annual fee of 3.00% typically deducted quarterly. Due to the compounding effect of these fees, annual net composite returns may be lower than stated gross returns less stated annual fee. Index returns do not reflect transaction costs or the deduction of fees and it is not possible to invest directly in an index. This material must be preceded or accompanied by the manager profile, which you can obtain from your Financial Advisor. For financial professionals: BlackRock’s role is limited to providing you or your firm (collectively, the “Advisor”) with non-discretionary investment advice in the form of model portfolios in connection with its management of its clients’ accounts. The implementation of, or reliance on, a Managed Portfolio Strategy is left to the discretion of the Advisor. BlackRock is not responsible for determining the securities to be purchased, held and sold for a client’s account(s), nor is BlackRock responsible for determining the suitability or appropriateness of a Managed Portfolio Strategy or any securities included therein for any of the Advisor’s clients. BlackRock does not place trade orders for any of the Advisor’s clients’ account(s). Information and other marketing materials provided to you by BlackRock concerning a Managed Portfolio Strategy - including holdings, performance and other characteristics - may not be indicative of a client’s actual experience from an account managed in accordance with the strategy. For end users: BlackRock’s role is limited to providing your Advisor with non-discretionary investment advice in the form of model portfolios in connection with its management of its clients’ accounts. The implementation of, or reliance on, a Managed Portfolio Strategy is left to the discretion of your Advisor. BlackRock is not responsible for determining the securities to be purchased, held and sold for your account(s), nor is BlackRock responsible for determining the suitability or appropriateness of a Managed Portfolio Strategy or any securities included therein. BlackRock does not place trade orders for any Managed Portfolio Strategy account. Information and other marketing materials provided to you by BlackRock concerning a Managed Portfolio Strategy - including holdings, performance and other characteristics - may not be indicative of a client’s actual experience from an account managed in accordance with the strategy. This material has been created by BlackRock and the information included herein has not been verified by your Advisor and may materially differ from information provided by your Advisor. ©2021 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.

SMA-TAESG4060-0921

Third-Party Manager Prepared Material – see page 1 Compliance Code : 260905-OTU-1516971

MKTGM1121U/S-1899735-2/2

STRATEGIC CORE - TAX-EXEMPT - MODERATE (GOV-CORP)

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Asset Allocation

Equity - 48 Fixed Income - 50 [Cash] - 2

Top Holdings

iShares Core U.S. Aggregate Bond ETF Vanguard S&P 500 ETF SPDR Bloomberg Barclays High Yield Bond ETF iShares Currency Hedged MSCI EAFE ETF iShares Core MSCI EAFE ETF iShares Core S&P Small Cap ETF iShares Core MSCI Emerging Markets ETF Vanguard Small Cap Value ETF Vanguard Value ETF Vanguard Global ex-U.S. Real Estate ETF

Port. Ending Weight 44.53 24.87 7.28 5.92 5.82 3.05 3.03 1.52 1.50 1.24

Annualized Total Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Moderate (GOV/CORP) 50% MSCI ACWI Index; 50% Barclays US Aggregate

QTD** -0.21 -0.50

YTD** 6.14 4.71

1 Year 14.33 12.75

Inception (4/1/2020) 19.88 19.54

Calendar Year Returns, Gross of Fees (%)

Strategic Core - Tax-Exempt - Moderate (GOV/CORP) 50% MSCI ACWI Index; 50% Barclays US Aggregate

Inception (4/1/2020) 19.88 19.54

Hypothetical Growth of $10,000

Historical Risk/Return

13,500

Annualized Standard Deviation Upside Capture % Downside Capture % Annualized Alpha Beta R-Squared Annualized Sharpe Ratio Annualized Tracking Error

13,000 12,500 12,000 11,500 11,000 10,500 10,000 Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

Jul-21

Oct-21

Portfolio 6.81 98.95 85.19 1.61 0.92 97.78 2.37 1.16

Horizon: 04/30/2020 to 09/30/2021

Strategic Core - Tax-Exempt - Moderate (GOV/CORP) 50% MSCI ACWI Index; 50% Barclays US Aggregate

ACTIVE EQUITY - HIGH QUALITY - INTERNATIONAL

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Measures of business "quality" such as strong cash flows, stable earnings, above-average profit margins and strong balance sheets have historically correlated with stock performance and sustainability over time.

A strategy that features a quantitative and qualitative assessment of quality measures such as cash flows, earnings, and competitive advantage. The strategy is diversified across industries, sectors and countries.

Using proprietary customized metrics to find companies’ real economic performance, the manager estimates firm-specific, real cost of capital and cash flow ROIs to find their intrinsic values. Apply a proprietary country allocation model and optimize the portfolio by integrating alpha scores and risk exposures.

Asset Allocation

Equity - 98 [Cash] - 2

Top Holdings

ICON Plc Toyota Motor Corp Sponsored ADR Royal Bank of Canada Broadcom Inc. Deutsche Telekom AG Sponsored ADR Industrial and Commercial Bank of China Limited Unsponsor… Check Point Software Technologies Ltd. Koninklijke Philips N.V. Sponsored ADR RELX PLC Sponsored ADR Nintendo Co., Ltd. Unsponsored ADR Mitsui & Co.,Ltd Sponsored ADR Wolters Kluwer NV Sponsored ADR CGI Inc. Class A

Port. Ending Weight 5.47 5.33 5.22 5.21 5.20 5.17 5.12 5.09 5.08 5.07 5.00 5.00 4.98

Annualized Total Returns, Gross of Fees (%)

Active Equity - High Quality - International (Ativo Capital) MSCI AC World ex USA - Net Return

QTD**

YTD**

1 Year

3 Year

5 Year

-3.97 -2.99

1.41 5.90

11.67 23.92

7.93 8.03

8.87 8.94

Inception (1/6/2016) 8.18 8.80

Calendar Year Returns, Gross of Fees (%)

Active Equity - High Quality - International (Ativo Capital) MSCI AC World ex USA - Net Return

2020 12.18 10.65

2019 22.50 21.51

2018 -5.86 -14.20

2017 25.13 27.19

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enabling informed decision-making by prospective investors. The performance information is Gross-of-fees (“Gross”) and does not include the deduction of any investment advisory or supplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. All performance statistics in this report are hypothetical and do not represent actual performance achieved by GS PFM or any client accounts. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized.

Hypothetical Growth of $10,000

Historical Risk/Return

17,000

Annualized Standard Deviation Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error

16,000 15,000 14,000 13,000 12,000 11,000 10,000 9,000 Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Portfolio 13.03 78.43 88.85 0.83 0.83 82.76 0.64 5.90

Horizon: 01/29/2016 to 09/30/2021

Active Equity - High Quality - International (Ativo Capital) MSCI AC World ex USA - Net Return

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research System Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice. ©2021 United Capital Financial Advisers, LLC, a Goldman Sachs Company d/b/a Goldman Sachs Personal Financial Management. All Rights Reserved

ACTIVE EQUITY - US REAL ESTATE

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Real Estate has the potential to act as an inflation hedge, as the majority of income is derived from rents, and rents have historically tended to rise in tandem with inflation.

The US Real Estate strategy invests in domestic Real Estate Investment Trusts (REITs) and real estate related companies that have potential to outperform the benchmark over the long-term.

Bottom-up, fundamental approach to security selection with a primary focus on Net Asset Value (NAV) calculation of real estate assets. The portfolio manager selects real estate companies by comparing stock price to NAV, buying assets trading at a discount, and selling when traded at a premium.

Asset Allocation

Equity - 98 [Cash] - 2

Top Holdings Port. Ending Weight 11.35 9.17 5.73 4.61 4.44 4.33 4.04 3.89 3.86 3.64

Prologis, Inc. Equinix, Inc. Welltower, Inc. Simon Property Group, Inc. Invitation Homes, Inc. Equity Residential Extra Space Storage Inc. Equity LifeStyle Properties, Inc. Duke Realty Corporation Camden Property Trust

Annualized Total Returns, Gross of Fees (%)

Active Equity - US Real Estate (Adelante Capital Management) Dow Jones US Select REIT

QTD**

YTD**

1 Year

3 Year

5 Year

2.27 1.25

25.88 24.48

39.65 40.56

12.99 8.32

9.30 5.68

Inception (2/21/2014) 11.12 8.21

2020 -4.71 -11.20

2019 29.55 23.10

2018 -6.36 -4.22

2017 10.03 3.76

2016 4.96 6.68

2015 7.77 4.48

Calendar Year Returns, Gross of Fees (%)

Active Equity - US Real Estate (Adelante Capital Management) Dow Jones US Select REIT

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enabling informed decision-making by prospective investors. The performance information is Gross-of-fees (“Gross”) and does not include the deduction of any investment advisory or supplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized.

Hypothetical Growth of $10,000

Historical Risk/Return

24,000

Annualized Standard Deviation Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error

22,000 20,000 18,000 16,000 14,000 12,000 10,000 Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Portfolio 15.21 99.09 91.14 3.37 0.90 97.10 0.68 3.03

Horizon: 02/28/2014 to 09/30/2021

Active Equity - US Real Estate (Adelante Capital Management) Dow Jones US Select REIT

GROWTH OF $10,000: A graphical measurement of a portfolio's gross returns that simulates the performance of an initial investment of $10,000 over the given time period. The example provided does not reflect the deduction of investment advisory fees and expenses which would reduce an investor's return. Please be advised that since this example is calculated gross of fees and expenses the compounding effect of GS PFM fees, are not taken into consideration and the deduction of such fees would have a significant impact on the returns, the greater the time period and as such the value of the $10,000 if calculated on a net basis, would be significantly lower than shown in this example. Methodology Disclosure - The model portfolio provided herein has certain limitations. These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. This model is shown for illustrative purposes only and is representative of the Active Equity US Real Estate strategy. It does not purport to show the holdings or sector weightings of an actual account. GS PFM utilizes FactSet Research Systems Inc. to generate end-of-day pricing for holdings in the model. Model holdings are updated upon a rebalancing of or change to the strategy, and model holdings are not updated to reflect drift that may occur in an actual portfolio prior to rebalancing. This information is shown for illustrative purposes only and does not constitute a recommendation of exposures for any client account. The exposures for the model portfolio will differ from the exposures for a client account because of specific client guidelines, objectives and restrictions. United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research System Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice. ©2021 United Capital Financial Advisers, LLC, a Goldman Sachs Company d/b/a Goldman Sachs Personal Financial Management. All Rights Reserved

ACTIVE EQUITY - RISING DIVIDEND - US ALL-CAP

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Receiving dividends throughout the year as well as prospects for "pay raises" through dividend increases provides a prudent way for investors to participate in the wealth-building potential offered by stocks of good quality companies over the long term.

This "Rising Dividend" strategy invests in companies diversified across numerous industries and sectors that have the potential to increase their dividends over time.

Through fundamental, bottom-up analysis, the portfolio manager seeks to identify companies with the potential to raise dividends consistently over time, primarily within domestic firms.

Asset Allocation

Equity - 98 [Cash] - 2

Top Holdings Port. Ending Weight 3.85 3.64 3.61 3.51 3.50 3.46 3.44 3.44 3.42 3.37

ONEOK, Inc. Tractor Supply Company Arthur J. Gallagher & Co. Home Depot, Inc. Mastercard Incorporated Class A Verisk Analytics Inc Costco Wholesale Corporation Nasdaq, Inc. CVS Health Corporation Republic Services, Inc.

Annualized Total Returns, Gross of Fees (%)

Active Equity - Rising Dividend - US All-Cap (Dearborn Partners) Russell 3000 - Total Return

QTD**

YTD**

1 Year

3 Year

5 Year

0.61 -0.10

13.80 14.99

27.30 31.88

16.22 16.00

16.73 16.85

Inception (1/13/2014) 15.06 14.12

Calendar Year Returns, Gross of Fees (%)

Active Equity - Rising Dividend - US All-Cap (Dearborn Partners) Russell 3000 - Total Return

2020 20.74 20.89

2019 30.29 31.02

2018 0.87 -5.24

2017 19.74 21.13

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enabling informed decision-making by prospective investors. The performance information is Gross-of-fees (“Gross”) and does not include the deduction of any investment advisory or supplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. All performance statistics in this report are hypothetical and do not represent actual performance achieved by GS PFM or any client accounts. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized.

Hypothetical Growth of $10,000

Historical Risk/Return

30,000

Annualized Standard Deviation Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error

25,000 20,000 15,000 10,000 Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Portfolio 14.06 94.78 92.76 1.73 0.94 90.03 1.02 4.53

Horizon: 01/31/2014 to 09/30/2021

Active Equity - Rising Dividend - US All-Cap (Dearborn Partners) Russell 3000 - Total Return

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research System Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice. ©2021 United Capital Financial Advisers, LLC, a Goldman Sachs Company d/b/a Goldman Sachs Personal Financial Management. All Rights Reserved

Jennison: Large Cap Growth Overview and Performance

Private Wealth Management

September 2021

Jennison: Large Cap Growth Portfolio Characteristics

Private Wealth Management

September 2021

Jennison: Large Cap Growth Risk Characteristics and Return Analysis

Private Wealth Management

September 2021

Jennison: Large Cap Growth Disclosures

Private Wealth Management

September 2021

Jennison: Large Cap Growth Additional Disclosures

Private Wealth Management

September 2021

Jennison: Large Cap Growth

Private Wealth Management

STRATEGIC CORE - TAXABLE - FIXED INCOME ONLY (MUNI)

AS OF SEPTEMBER 30, 2021

Investment Philosophy

Strategy Overview

Investment Process

Asset Allocation

Equity - 1 Fixed Income - 97 [Cash] - 2

Top Holdings

iShares 1-3 Year Treasury Bond ETF SPDR Nuveen Bloomberg Barclays Short Term Municipal Bo… iShares National Muni Bond ETF SPDR Nuveen Bloomberg Barclays High Yield Municipal Bo…

Port. Ending Weight 41.52 41.44 14.01 3.03

Annualized Total Returns, Gross of Fees (%)

Strategic Core - Taxable - Fixed Income Only (MUNI) Bloomberg Municipal Inter-Short (1-10 Y)

QTD**

YTD**

1 Year

-0.12 0.02

0.03 0.32

0.53 1.15

Inception (4/1/2020) 2.02 3.92

Calendar Year Returns, Gross of Fees (%)

Strategic Core - Taxable - Fixed Income Only (MUNI) Bloomberg Municipal Inter-Short (1-10 Y)

Inception (4/1/2020) 2.02 3.92

Performance Disclosure - Select performance and risk statistics are shown in an attempt to illustrate the nature of the strategies presented, with the sole intent of enabling informed decision-making by prospective investors. The performance information is Gross-of-fee (“Gross”) and does not include the deduction of any investment advisory or supplemental management fees or expenses. Specific detailed information on the nature and amount of supplemental fees can be found in the GS PFM Client Supplemental Fee Disclosure Agreement, as well as in our Form ADV Part 2A. Actual invested portfolios may be subject to additional fees not included in this report. All performance statistics in this report are hypothetical and do not represent actual performance achieved by GS PFM or any client accounts. Performance presented herein is for illustrative purposes only. No representation is being made that an account will or is likely to achieve performance similar to the results depicted. Illustrative performance is for specific portfolio strategy presented herein. Past performance does not guarantee future results. Investing involves risk of loss, there is no guarantee investments will achieve positive returns. All investment returns presented herein are total returns, which include the reinvestment of dividends, interest and other earnings. **Total Returns for periods less than one year are not annualized.

Fixed Income Sector Allocation

Fixed Income Credit Quality A+ - 7 BBB - 2 A-2 BBB+ - 1 A- - 0 BB - 0 BB+ - 0 BB- - 0 B-0 AAA/A-1+ - 0 BBB- - 0 B- - 0 AAA/A-1 - 0 AA+/A-1+ - 0 AA+/A-1 - 0 CCC+ - 0 CCC- - 0 B+ - 0 AA/A-1 - 0 CCC - 0 AA/A-1+ - 0

US Government - 100

Hypothetical Growth of $10,000

Historical Risk/Return Annualized Standard Deviation Upside Capture % Downside Capture % Alpha Beta R-Squared Sharpe Ratio Tracking Error

10,500 10,400 10,300 10,200 10,100 10,000

Portfolio 1.51 55.85 74.61 -0.40 0.61 97.76 1.12 0.97

Horizon: 04/30/2020 to 09/30/2021 Apr-20

Jul-20

Oct-20

Jan-21

Apr-21

Jul-21

Oct-21

Strategic Core - Taxable - Fixed Income Only (MUNI) Bloomberg Municipal Inter-Short (1-10 Y)

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization. GS PFM makes recommendations based on the specific needs and circumstances of each client. Clients should carefully consider their own investment objectives and never rely on any single chart, graph, or marketing piece to make decisions. Investing involves risk, and investments may lose value. There are no investment strategies that guarantee a profit or protect against loss. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. The material is based upon information which we consider reliable, but we do not represent that such information is accurate or complete, and it should not be relied upon as such. The information, data, analyses, and opinions contained herein include confidential and proprietary portfolio information of GS PFM, may not be copied or redistributed for noncommercial or personal purpose without GS PFM’s expressed permission. This holdings list herein is not a recommendation to buy or sell any security. A complete list of the portfolio holdings is available upon request. There are no investment strategies that guarantee a profit or protect against a loss. Diversification does not guarantee investment returns and does not eliminate the risk of loss. Past performance does not guarantee future results. Investments seeking to achieve higher rates of return generally involve a higher degree of risk of principal. Indices are unmanaged measures of market conditions. It is not possible to invest directly in an index. Index returns do not reflect any commissions, fees, or expenses that may be charged to an investment product based on the index, which may materially affect the performance data presented. The composition of a benchmark index may not reflect the manner in which a portfolio is constructed in relation to expected or achieved returns, investment holdings, portfolio guidelines, restrictions, sectors, correlations, concentrations, volatility, or tracking error targets, all of which are subject to change over time Investing in international securities involves special additional risk. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. Information and valuations herein have been obtained from sources (FactSet Research Systems Inc.) that GS PFM believe to be reliable but in no way are warranted by GS PFM as to accuracy or completeness. All data, information and valuations are subject to change without notice.

Disclaimers GENERAL DISCLOSURE Accounts The information contained in this material is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any financial instruments or to provide any investment advice or service of any kind. This report is not to be used as an official books and records statement. Please contact the relevant product sponsor if you have any questions about the statements. Any information and balances included herein have been obtained from sources believed to be reliable but its accuracy and completeness are not guaranteed and have not been independently verified by United Capital Financial Advisers, LLC, d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) or your financial advisor. In the event of a discrepancy, the sponsor's valuation shall prevail. This information is not meant to supersede your custodial account statement which should be reviewed regularly. If you have any questions about the accuracy of your investment holdings, investment allocation or the management fee displayed on this statement, please contact your advisor immediately. Data reflected within this report may reflect data held at various custodians and may not be covered under SIPC. SIPC coverage only applies to those assets held at a SIPC member firm. You should contact your financial representative, or the other entity, or refer to the other entity's statement, regarding SIPC coverage. Assets reflected on this table that are not managed by your investment advisor are not part of an official books and records statement. For feebased accounts only: The data may or may not reflect the deduction of investment advisory fees. If the investment is being managed through a fee-based account or agreement, the returns may be reduced by those applicable advisory fees. Any information and balances included herein have been obtained from sources believed to be reliable but its accuracy and completeness are not guaranteed and have not been independently verified by United Capital Financial Advisers, LLC, d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) or your financial advisor. PLEASE REFER TO YOUR ACCOUNT CUSTODIAN CONFIRMATIONS AND STATEMENTS FOR THE MOST ACCURATE INFORMATION ABOUT YOUR ACCOUNT(S). Investments The information contained in this material is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any financial instruments or to provide any investment advice or service of any kind. Investing involves risk and investments may lose value. Please consider your objectives before investing. Investments are not FDIC insured. Past performance does not guarantee future results. Investment outcomes and projections are forward-looking statements and hypothetical in nature. This report is not to be used as an official books and records statement. Information displayed is believed to be accurate, but has not been independently verified. Please refer to your custodian statement for the most accurate information about your assets. Fees are negotiated with each client individually. Fees noted generally do not include supplemental fees charged by sub-managers, or other fees (e.g., operational fees). Sub-manager fees may change as sub-manager changes are made. A client’s holdings, dollar amount invested, and allocation may vary based on actual investments. The percentage of fund assets, net of reimbursements, used to pay for operating expenses and management fees, including but not limited to, 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Fund expenses are reflected in the fund’s NAV. Sales charges are not included in the expense ratio. The expense ratio for fund of funds is the aggregate expense ratio as defined as the sum of the wrap or sponsor fees plus the estimated weighted average of the underlying fund fees. Net reimbursements, the Prospectus Net Expense Ratio is collected annually from a fund’s prospectus. The estimated expense ratio reflects the approximate internal expenses applicable to assets invested in GS PFM Personalized Portfolios. Financial Planning Software Investing involves risk and investments may lose value. Please consider your objectives before investing. Investments are not FDIC insured. Past performance does not guarantee future results. Investment outcomes and projections are forward-looking statements and hypothetical in nature. All information and recommendations provided “as is” based on information provided by clients. We have treated the information provided as reliable, have not independently verified any information and make no warranty or guaranty as to the accuracy or completeness of the information provided.

INFORMATION REGARDING THIRD PARTY SOFTWARE USED TO CALCULATE YOUR FUNDING SCORE

INFORMATION REGARDING THIRD PARTY SOFTWARE USED TO CALCULATE YOUR FUNDING SCORE MoneyGuidePro: The projections or other information generated by MoneyGuidePro regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. The return assumptions in MoneyGuidePro are not reflective of any specific product, and do not include any fees or expenses that may be incurred by investing in specific products. The actual returns of a specific product may be more or less than the returns used in MoneyGuidePro. It is not possible to directly invest in an index. Financial forecasts, rates of return, risk, inflation, and other assumptions may be used as the basis for illustrations. They should not be considered a guarantee of future performance or a guarantee of achieving overall financial objectives. Past performance is not a guarantee or a predictor of future results of either the indices or any particular investment. MoneyGuidePro results may vary with each use and over time. This report is a diagnostic tool intended to review your current financial situation and suggest potential planning ideas and concepts that may be of benefit. The purpose of the report is to illustrate how accepted financial and estate planning principles may improve your current situation. This report is based upon information and assumptions provided by you (the client). This report provides broad and general guidelines on the advantages of certain financial planning concepts and does not constitute a recommendation of any particular technique. The consolidated report is provided for informational purposes as a courtesy to you. We recommend that you review your plan annually, unless changes in your personal or financial circumstances require more frequent review. All reports should be reviewed in conjunction with your fact summary and this Disclaimer page. The term “plan” or “planning,” when used within this report, does not imply that a recommendation has been made to implement one or more financial plans or make a particular investment. Nor does the plan or report provide legal, accounting, financial, tax or other advice. Rather, the report and the illustrations therein provide a summary of certain potential financial strategies. The reports provide projections based on various assumptions and are therefore hypothetical in nature and not guarantees of investment returns. You should consult your tax and/or legal advisers before implementing any transactions and/or strategies concerning your finances. It is important to compare the information on this report with the statements you receive from the custodian(s) for your account(s). Please note that there may be minor variations due to calculation methodologies. If you have any questions, please contact your financial representative. Also, your account(s) may not be covered by FDIC or SIPC. FDIC and SIPC coverages apply only to certain assets and may be subject to limitations. Questions about coverage that may apply should be directed to the asset provider or sponsor. The information contained in this report is not written or intended as financial, tax or legal advice. The information provided herein may not be relied on for purposes of avoiding any federal tax penalties. You are encouraged to seek financial, tax and legal advice from your professional advisers.

MONEYGUIDEPRO ASSUMPTIONS AND LIMITATIONS INFORMATION PROVIDED BY YOU Information that you provided about your assets, ﬁnancial goals, and personal situation are key assumptions for the calculations and projections in this Report. If any of the assumptions are incorrect, you should notify your ﬁnancial adviser. Even small changes in assumptions can have a substantial impact on the results shown in this Report. The information provided by you should be reviewed periodically and updated when either the information or your circumstances change.

ASSUMPTIONS AND LIMITATIONS MoneyGuidePro offers several methods of calculating results, each of which provides one outcome from a wide range of possible outcomes. All results in this Report are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. All results use simplifying assumptions that do not completely or accurately reflect your specific circumstances. No Plan or Report has the ability to accurately predict the future. As investment

returns, inflation, taxes, and other economic conditions vary from the MoneyGuidePro assumptions, your actual results will vary (perhaps significantly) from those presented in this Report. All MoneyGuidePro calculations use asset class returns, not returns of actual investments. The projected return assumptions used in this Report are estimates based on average annual returns for each asset class. The portfolio returns are calculated by weighting individual return assumptions for each asset class according to your portfolio allocation. The portfolio returns may have been modified by including adjustments to the total return and the inflation rate. The portfolio returns assume reinvestment of interest and dividends at net asset value without taxes, and also assume that the portfolio has been rebalanced to reflect the initial recommendation. No portfolio rebalancing costs, including taxes, if applicable, are deducted from the portfolio value. No portfolio allocation eliminates risk or guarantees investment results. MoneyGuidePro does not provide recommendations for any products or securities.

REPORT IS A SNAPSHOT AND DOES NOT PROVIDE LEGAL, TAX, OR ACCOUNTING ADVICE This Report provides a snapshot of your current financial position and can help you to focus on your financial resources and goals, and to create a plan of action. Because the results are calculated over many years, small changes can create large differences in future results. The information contained in this report is not written or intended as financial, tax or legal advice. The information provided herein may not be relied on for purposes of avoiding any federal tax penalties. Before making decisions with legal, tax, or accounting ramifications, you are encouraged to seek financial, tax and legal advice from your professional advisers.

MONEYGUIDEPRO METHODOLOGY The methodology used is Monte Carlo simulations using projected returns.

RESULTS USING MONTE CARLO SIMULATIONS The results referenced in this guide use Monte Carlo simulations. Tools such as the Monte Carlo simulation will yield different results depending on the variables inputted, and the assumptions underlying the calculation. For those reports that perform a Monte Carlo analysis, the term ‘Monte Carlo’ will be included in the report title. The assumptions with respect to the simulation include the assumed rates of return and standard deviations of the portfolio model associated with each asset. The assumed rates of return are based on the historical rates of returns and standard deviations, for certain periods of time, for the benchmark indices comprising the asset classes in the model portfolio. Since the market data used to generate these rates of return change over time your results will vary with each use over time. Monte Carlo simulations are used to show how variations in rates of return each year can affect your results. A Monte Carlo simulation calculates the results of your Plan by running it many times, each time using a different sequence of returns. Some sequences of returns will give you better results, and some will give you worse results. These multiple trials provide a range of possible results, some successful (you would have met all your goals) and some unsuccessful (you would not have met all your goals). The percentage of trials that were successful is the probability that your Plan, with all its underlying assumptions, could be successful. In MoneyGuidePro, this is the Probability of Success. Analogously, the percentage of trials that were unsuccessful is the Probability of Failure. The Results Using Monte Carlo Simulations indicate the likelihood that an event may occur as well as the likelihood that it may not occur. In analyzing this information, please note that the analysis does not take into account actual market conditions, which may severely affect the outcome of your goals over the long-term. Monte Carlo Analysis is a mathematical process used to implement complex statistical methods that chart the probability of certain financial outcomes at certain times in the future. This charting is accomplished by generating hundreds of possible economic scenarios that could affect the performance of your investments. The Monte Carlo simulation uses scenarios to determine the probability of outcomes resulting from the asset allocation choices and underlying assumptions regarding rates of return and volatility of certain asset classes. Some of these scenarios will assume very favorable financial market returns, consistent with some of the best periods in investing history for investors. Some scenarios will conform to the worst periods in investing history. Most scenarios will fall somewhere in between. The projections or other information generated by this Monte Carlo simulation regarding various investment outcomes are hypothetical in nature and do not reflect actual investment results and are not guarantees of future results. The outcomes presented using the Monte Carlo simulation represent only a few of the many possible

outcomes. Since past performance and market conditions may not be repeated in the future, your investment goals may not be fulﬁlled by following advice that is based on the projections. MoneyGuidePro uses a specialized methodology called Beyond Monte Carlo™, a statistical analysis technique that provides results that are as accurate as traditional Monte Carlo simulations with 10,000 trials, but with fewer iterations and greater consistency. Beyond Monte Carlo™ is based on Sensitivity Simulations, which re-runs the Plan only 50 to 100 times using small changes in the return. This allows a sensitivity of the results to be calculated, which, when analyzed with the mean return and standard deviation of the portfolio, allows the Probability of Success for your Plan to be directly calculated.