Issuu on Google+

Glide Path Powered By:

Asset Class: Target-Date Funds

Q4: December 31, 2013

Trademark Capital 2030 Fund ClassTarget R5 Trademark Capital Retirement 2030 Fund R5 $15,000

$13,501.71

$14,000

$13,000 Growth of $10,000 Class R5 Shares 05/31/2007 - 12/31/2013 Fund Description

$12,000 The Trademark Capital Target Retirement 2030 Fund seeks a moderate level of total return and the preservation of purchasing power of accumulated $12,576.75 $11,000 assets prior to and beyond the target retirement date. The Trademark Capital Target Date Series are collective investment funds (“CIFs”) created by the TOP 10 HOLDINGS Hand Composite Employee Benefit Trust and sponsored by Hand Benefits & Trust Company, a BPAS company, that invest in the strategies of Trademark $10,000 VOO 1) Vanguard S&P as 500 ETF 6) Vanguard Small Cap ETF VB Capital which serves the sub-advisor to the CIFs. $9,000

ETFpath design adjusts the broadly diversified 7) Vanguard REIT VNQ asset mix The$8,000 Trademark/Wilshire glide on a$7,000 quarterly basis, gradually moving toward a more conservative allocation VEA 8) SPDR Barclays International Treasury Bond ETF BWX up to and “through” retirement to life expectancy. This approach takes into account investor behavior VO Emerging Mkts Local Currency 9) Market assumptions both beforeVectors and after the target retirement date, whichEMLC.K are used to create the slopeBND of the glide path. FTSE Emerging ETF Target Date 2010 Trademark Fund R5Markets Fund Morningstar 2010 10) Vanguard VWO

2) Cash

2007-05 2007-07 2007-09 2007-11 2008-01 2008-03 2008-05 2008-07 2008-09 2008-11 2009-01 2009-03 2009-05 2009-07 2009-09 2009-11 2010-01 2010-03 2010-05 2010-07 2010-09 2010-11 2011-01 2011-03 2011-05 2011-07 2011-09 2011-11 2012-01 2012-03 2012-05 2012-07 2012-09 2012-11 2013-01 2013-03 2013-05 2013-07 2013-09 2013-11

Trademark Capital 3) Vanguard FTSE Developed Markets Portfolio Management Team ETF 4) Vanguard Mid Cap ETF Joseph Ezernack, MBA CEO & Chief Investment Officer

5) Vanguard Total Bond Market Index Fund;E

Don Beasley Managing Director

Allocation

FUND FACTS

100%

Share Class

R5

80%

Investment Approach CUSIP

$14,000 41023V637

60%

The asset allocation and glide path strategy is powered by Wilshire Fund Expense RatioAssociates. Investment selection, management and downside protection Weighted AveragebyETF overlay is managed Trademark Capital.

Total Expense Ratio* Benchmark Advisor

$13,000

Equity

Alpha

V

Beta

o

Risk Management Overlay expands in adverse market conditions

l a

2

t i l i t y

1.05%$12,000

R

0.12%$11,000

Standard DeviationOverlay Risk Management

40%

20% $10,000

($11.70 per $1,000 invested)

Risk Management Overlay

Fixed Income

FUND DATA1

0.56 M

a

n a

g

contracts under positive market conditions

e

m

0%

$8,000 Morningstar Target Date 2030 TR

(35-49)

$12,085.08

n t

0.30

Retirement Age

Annual Portfolio Turnover

(34 and younger)

10.29%

Maturity Age

79%

70

75

80

5/1/2013

85

Age

In-Retirement Harvesters

Fund vs. the S&P(65+) 500

(50-65)

2007-05 2007-07 2007-09 2007-11 2008-01 2008-03 2008-05 2008-07 2008-09 2008-11 2009-01 2009-03 2009-05 2009-07 2009-09 2009-11 2010-01 2010-03 2010-05 2010-07 2010-09 2010-11 2011-01 2011-03 2011-05 2011-07 2011-09 2011-11 2012-01 2012-03 2012-05 2012-07 2012-09 2012-11 2013-01 2013-03 2013-05 2013-07 2013-09 2013-11

mark Capital 2030 Fund and Classcredentialed R5 of experienced professionals. For h of $10,000 R5 Shares 05/31/2007 - 12/31/2013 overClass two decades, Trademark Capital has been

e

Sharpe Ratio

1.17% $9,000

$12,996.27

0.89

$7,000 35 25 30 35 40 45 50 55 60 65 *The fund expense ratio has 25 bps of service fees payable to the plan’s service Inception Date $6,000 The Capital total expense ratio includes Inc. the fund Trademark Management, is a expense ratio and the weighted ecemberproviders. 31, 2013 Mature Accumulators Near-Retirement Transitioners 1 $5,000 Young Savers average ETF registered expense. federally investment advisor with a team

Trademark Capital

0.64%

The Risk Management Overlay, can reduce exposure to the “equity” glide path during

periods of elevated market risk. While the level of the Risk Management Overlay is lower YEAR RE CALENDAR steadfast in holding true to its core principles: 2020 Trademark Fund R5 Morningstar Target Date 2020 TOP 10 HOLDINGS for younger investors, the pre-determined maximum levels of protection increase up to and putting client’s interest first and delivering VOO uard S&P 500 ETF 6) Vanguard Small Cap ETF VB QTD Y goal-oriented solutions. The Trademark Capital “through” retirement. Q4: December 31, 2013 7) Vanguard REIT ETF VNQ investment philosophy centers on the idea of At age 65, the target retirement date, the maximum equity exposure is 55%. At age 85, the target maturity date, the maximum equity VEA Treasury Bond ETF uard FTSE Developed Markets ETF 8) SPDR Barclays InternationalTrademark BWX2030 Fund Class R5 5.14% 12 Capital Trademark Capital exposure is 15%, which represents the lowest allocation to equities along the glide path. 2030 Fund Class R5 “winning by not losing.”

uard Mid Cap ETF

uard Total Bond Market Index Fund;E

9) Market Vectors Emerging Mkts Local Currency

FUND FACTS Glide Path Consultant R5

Wilshire Associates 41023V637

EMLC.K

Morningstar Target Date 2030 TR Growth of $10,000 - 12/31/2013 VWO Class R5 Shares 05/31/2007

10) Vanguard FTSE Emerging Markets Fund ETF 1

$14,000 FUND DATA

Alpha Beta

Founded in 1972, Wilshire Associates (“Wilshire®”), 1.05% R2 a leading global independent investment consulting 0.12% Standard Deviation and services firm, has more than four decades of Sharpe Ratio ense Ratio* ($11.70 per $1,000 invested) 1.17% experience providing risk analytics, investment Annual Portfolio Turnover rk Morningstar Target Date 2030 TR consulting, and investment solutions to institutional pense ratio has 25 bps of service fees payable to the plan’s service Inception Date e total expense ratio includes the fund expense ratio andWilshire the weighted serves in excess of 500 investors worldwide. xpense. organizations in 20 countries representing assets totaling approximately US $7 trillion.*

ense Ratio

Average ETF

$13,000

2) $11,000 Cash

0.89

$10,000

10.29%

Hand Benefits & Trust Company Hand Benefits & Trust Company (HB&T), a BPAS company, is a state-chartered trust company serving the retirement industry since 1963. HB&T, headquartered in Houston, is regulated by the Texas Department of Banking and is one of the country’s largest full service trust companies dedicated to retirement plans.

*Assets are as of December 31, 2011, based on data published in the December 24, 2012 issue of Pensions and Investments.

VOO

$9,000

0.30

VO

$8,000

BND

5) $7,000 Vanguard Total5/1/2013 Bond Market Index Fund;E 1 $6,000 $5,000

Fund vs. the S&P 500

CUSIP

$12,838.71

CALENDAR YEAR HYPOTHETICAL &VB

12/31/2007 12/3 VNQ

VEA Barclays Bond ETF 8) SPDR 0.00% Trademark Capital 2030International Fund ClassTreasury R5$11,893.11

3) Vanguard FTSE Developed Markets ETF

9) Market Vectors Emerging Mkts Local Currency

Growth of $10,000

$10,504

10) Vanguard FTSE Emerging Markets Fund ETF

0.00% Morningstar Target Date 2030 TR FUND DATA1 CALENDAR YEAR RETURNS (%) - CLASS R5 SHARES Growth of $10,000 $9,812

FUND FACTS

Trademark Capital 2030 Fund Class R5

QTD

YTD

R5

5.14%

12.15%

Alpha

1 Year

41023V63712.15% Beta

5.52% Fund 16.62% Fund Expense Ratio 1.05% Morningstar Target Date 2030 2030TRTrademark R5

Weighted Average ETF

0.12%

3 Year

5 Year

5.79%

8.91%

2

16.62% 8.91% R Morningstar

Inception to Date 3.87%

13.52% 2.67% Target Date 2030

$10,504 $8,380 $10,843 Growth $10,000 *The fund expense ratio has 25of bps of service fees payable to the plan’s service$9,923 Inception Date providers. The total expense the fund0.00% expense ratio -35.69% and the weighted28.65% 13.42% Morningstar Target ratio Dateincludes 2030 TR average ETF expense. Growth of $10,000

$9,812

$6,310

$8,118

$9,207

$10,570

$8

VWO

-35

$6

0.64%

0.56

10.29%

Sharpe Ratio 1.17% 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 ($11.70 per $1,000 invested)

0.00% -20.23% 9.27% -2.51% Trademark Capital 2030 Fund Class R5 Annual Portfolio Turnover Benchmark Morningstar Target Date 2030 TR18.42%

BWX -20

EMLC.K

0.89

Standard Deviation

CALENDAR YEAR HYPOTHETICAL & ACTUAL RESULTS ($) 5/31/07 - 12/31/13

Total Expense Ratio*

16

6) Vanguard Small Cap ETF 7) Vanguard REIT ETF

4) Vanguard Mid Cap 79% ETF

Share Class

Trustee

TOP 10 HOLDINGS

0.64%

1) $12,000 Vanguard S&P 500 0.56 ETF

5.52%

2007-05 2007-07 2007-09 2007-11 2008-01 2008-03 2008-05 2008-07 2008-09 2008-11 2009-01 2009-03 2009-05 2009-07 2009-09 2009-11 2010-01 2010-03 2010-05 2010-07 2010-09 2010-11 2011-01 2011-03 2011-05 2011-07 2011-09 2011-11 2012-01 2012-03 2012-05 2012-07 2012-09 2012-11 2013-01 2013-03 2013-05 2013-07 2013-09 2013-11

ss

VO

BND

8.31%

12.15%

$11,448

$12,839

0.30

79%

5/1/2013

-2.28%

13.36%

16.62%

$8,997

$10,199

Fund vs. the S&P 500 $11,893

1

Illustrates a $10,000 investment made on 5/31/2007 with no additional deposits. Performance prior to February 1, 2011 is back-tested while performance after February 1, 2011 is based on actual results. Hypothetical, back-tested performance information for the Fund is for illustrative purposes only and does not represent actual Fund performance. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that the Fund will achieve performance similar to that shown. The hypothetical performance does not reflect brokerage fees but is net of stated Fund expenses.

Trademark Capital 2030 Fund Cl

Morningstar Target Date 20


000 invested)

rget Date 2030 TR

Annual Portfolio Turnover

able to the plan’s service se ratio and the weighted

Inception Date

79% 5/1/2013

vs. the S&P 500 Trademark Capital TargetFund Retirement 2030 Fund R5 1

CALENDAR YEAR RETURNS (%) - CLASS R5 SHARES QTD

YTD

1 Year

3 Year

Trademark Capital 2030 Fund Class R5

5.14%

12.15%

12.15%

5.79%

8.91%

Inception to Date 3.87%

Morningstar Target Date 2030 TR

5.52%

16.62%

16.62%

8.91%

13.52%

2.67%

5 Year

Past Performance is no guarantee of future results and the actual performance the benchmark and the Fund may be lower or higher than the hypothetical past performance shown above. Fund returns are CALENDAR YEARofHYPOTHETICAL & ACTUAL RESULTS ($) 5/31/07 - 12/31/13 calculated net of fees. Fund returns are compared to the Morningstar Target Date 2030. Performance prior to February 1, 2011 is back-tested while performance after February 1, 2011 is based on actual results. 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 Date prior to actual inception is representative of the manager’s performance of a like strategy. Inception date used in the hypothetical return is May 31, 2007. 12/31/2012 12/31/2013

Trademark Capital Target Retirement 2030

Trademark Capital 2030 Fund Class R5

0.00%

-20.23%

18.42%

9.27%

-2.51%

8.31%

12.15%

Growth of $10,000

$10,504

$8,380

$9,923

$10,843

$10,570

$11,448

$12,839

$9,812

$6,310

$8,118 Real Assets 5%

$9,207

$8,997

$10,199

$11,893

Target and Actual Allocation

12/31/2013 Target Allocation 0.00% -35.69% 28.65% 13.42%

12/31/2013 Actual Allocation 13.36% 16.62%

-2.28%

Morningstar Target Date 2030 TR

The actual allocation of the fund may differ from the target allocation depending on the current position of the RiskGrowth of $10,000 Management Overlay. The Risk Management Overlay can reduce exposure to the “equity” portion of the glide path when our model indicates periods of elevated market risk. The Risk Management Overlay provides higher levels of capital protection up to and “through” retirement for the near-dated Funds [2010, 2020 and 2030], while allowing for a higher standard deviation (i.e. up/down volatility) in the longer-dated Funds [2040 & 2050].

Key Considerations

A one-step, broadly diversified, ‘managed for you’ solution that adjusts to an investors age, as well as, changes in the financial markets. A winning combination - Combining Wilshire’s glide path expertise with a proprietary downside protection strategy that has been used in client accounts since 1991. A balanced approach - The management style not only balances risk with return, but also seeks to improve performance per unit of risk over traditional “diversified” portfolios. A great value - The underlying securities are exchangetraded funds (ETFs) resulting in significant cost savings.

Other Bonds 16%

Other Bonds 18%

Int'l Stocks 20% Cash & TIPS 17%

Q4: December 31, 2013

US Stocks 41%

US Stocks 42%

Trademark Capital 2030 Fund Class R5 Growth of $10,000 Class R5 Shares 05/31/2007 - 12/31/2013 TOP 10 HOLDINGS VOO

1) Vanguard S&P 500 ETF

6) Vanguard Small Cap ETF

Before 1949

2010

1950-1959

2020

1960-1969

2030

3) Vanguard FTSE Developed Markets ETF 4) Vanguard Mid Cap ETF

8) SPDR Barclays International Treasury Bond ETF

BWX

VO

9) Market Vectors Emerging Mkts Local Currency

EMLC.K

10) Vanguard FTSE Emerging Markets Fund ETF

1970-1979 After 1980

2040 2050

FUND DATA 41023V637

Alpha

1.05%

R2

Weighted Average ETF

0.12%

Standard Deviation

($11.70 per $1,000 invested)

1.17%

Morningstar Target Date 2030 TR

*The fund expense ratio has 25 bps of service fees payable to the plan’s service providers. The total expense ratio includes the fund expense ratio and the weighted average ETF expense.

IMPORTANT RISK CONSIDERATIONS

The Trademark Capital Target Retirement Funds are Collective Investment Funds (CIFs) sponsored by Hand Benefit & Trust Company. The CIFs are not mutual funds and shares are not deposits of Hand Benefits & Trust, a BPAS company, or Trademark Capital Management, and are not insured by the Federal Deposit Insurance Corporation or any other agency. The CIFs are securities which have not been registered under the Securities Act of 1933 and are exempt from investment company registration under the Investment Act of 1940. As defined in the Declaration of Trust and Participation Agreement documents, the Funds are available for investment by eligible qualified retirement plan trusts only. Principal invested is not guaranteed at any time, including at or after the fund’s specific target retirement date. Participants and beneficiaries may experience losses near, at or after the target date and there is no guarantee that the investment will provide adequate retirement income. The participants and beneficiaries on whose behalf assets are invested in a QDIA have the right to direct the investment to any other investment alternative under the plan, subject to any fees or limitation that may apply to such transfer under the plan. Principal Risks - Any of the principal risks summarized below may adversely affect the Fund’s net asset value, performance and ability to meet its investment objective. Active Management: The investment is actively managed and subject to the risk that the advisor’s usage of investment techniques and risk analyses to make investment decisions fails to perform as expected, which may cause the portfolio to lose value or underperform investments with similar objectives and strategies or the market in general. Target Date: Targetdate funds, also known as lifecycle funds, shift their asset allocation to become increasingly conservative as the target retirement year approaches. Still, investment in target date funds may lose value near, at, or after the target retirement date, and there is no guarantee they will provide adequate income at retirement. Underlying Fund/Fund of Funds: A portfolio’s risks are closely associated with the risks of the securities and other investments held by the underlying or subsidiary funds, and the ability of the portfolio to meet its investment objective likewise depends on the ability of the underlying funds to meet their objectives. Investment in other funds may subject the portfolio to higher costs than owning the underlying securities directly because of their management fees. ETF: Investments in exchange-traded funds generally reflect the risks of owning the underlying securities they are designed to track, although they may be subject to greater liquidity risk and higher costs than owning the underlying securities directly because of their management fees. Shares of ETFs are subject to market trading risk, potentially trading at a premium or discount to net asset value. Suitability: Investors are expected to select investments whose investment strategies are consistent with their financial goals and risk tolerance. The target-date fund should be selected based on factors in addition to age or retirement date, including investment objectives, time horizon, risk tolerance and fees and the stated asset allocation may be subject to change. It is possible to lose money by investment in the fund including at and after the target date. The glide path methodology assumes at the target retirement age the participant or beneficiary withdraws 5% of the account value per year. The Trademark Capital Target Retirement Funds performance prior to February 1, 2011 represents hypothetical back-tested results for the funds while performance after February 1, 2011 is based on actual results. The performance results reflect the reinvestment of dividends and other account earnings, and the maximum Fund investment management fee that would have been charged by Trademark had Trademark managed the Fund during the corresponding

0.64%

Beta

Fund Expense Ratio

Total Expense Ratio*

VWO

1

R5

CUSIP

VNQ

VEA BND

Share Class

Benchmark

VB

7) Vanguard REIT ETF

2) Cash

5) Vanguard Total Bond Market Index Fund;E

Trademark Capital Target Retirement Fund

Int'l Stocks 18%

Cash & TIPS 19%

FUND FACTS

Year of Birth

Real Assets 4%

0.56 0.89 10.29%

Sharpe Ratio

0.30

Annual Portfolio Turnover

79%

Inception Date

5/1/2013 1

Fund vs. the S&P 500

CALENDA

time period plus estimated corresponding Fund expenses (estimated at 0.90% annually), and any separate fees assessed directly by each security (mutual funds, exchange-traded funds, etc.) that comprised the portfolio. Therefore all results are net of fees. As market conditions fluctuate, the investment return and principal value of any investment will change. Diversification may not protect against market risks. There are risks involved with investing, including possible loss of principal. Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy Trademark Capital 2030 Fund Class (including the investments purchased and/or investment strategies devised or undertaken by Trademark) will be profitable.

Q R5

5

Past performance may not be indicative of future results. Therefore, no current or prospective client shouldTarget assume Date that future Morningstar 2030 TR performance will be profitable, equal the performance results reflected, or equal the corresponding historical benchmark index. The historical performance results for the benchmark does not reflect the deduction of transaction and custodial charges, or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing indicated historical performance results. Benchmarks are unmanaged and one cannot invest directly in a benchmark. The historical performance results for the benchmark is provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual client or prospective client in determining whether Trademark Funds meets, or continues to meet, his/her investment objective(s). Please Also Note: (1) performance results do not reflect the impact of taxes; (2) It should not be assumed that account holdings will correspond directly to any benchmark index; and, (3) comparative indices may be more or less volatile than the Trademark Funds. Trademark Capital 2030 Fund Class R5

5

CALENDAR YEAR HYPOTH

The performance results (5/31/07-12/31/10) reflect hypothetical, back-tested results, that were achieved by means of the retroactive of $10,000 application of a back-tested portfolio and, as such, the corresponding results have inherent limitations, including:Growth (1) Fund results do not reflect the results of actual trading using client assets, but were achieved by means of the retroactive application of each of the Targetperformance Date 2030 TR referenced portfolios, certain aspects of which may have been designed with the benefit ofMorningstar hindsight; (2) back-tested may not reflect the impact that any material market or economic factors might have had on the adviser’s use of the hypothetical portfolio if the portfolio had been used during the period to actually mange client assets; and, (3) Trademark’s clients may Growth of have $10,000 experienced investment results during the corresponding time periods that were materially different from those portrayed in the portfolio. Hypothetical performance results have been compiled solely by Trademark, are unaudited, and have not been independently verified. Trademark maintains all information supporting the performance results in accordance with regulatory requirements. Information pertaining to Trademark’s advisory operations, services, and fees is set forth in Trademark’s current disclosure statement, a copy of which is available from Trademark upon request. Performance results have been compiled solely by Trademark, are unaudited, and have not been independently verified. Trademark maintains all information supporting the performance results in accordance with regulatory requirements. Benchmark performance reflects results as reported directly by each respective index and/or obtained by Trademark from other reliable sources, and have not been independently verified by Trademark.

For more information, contact your financial advisor or call Trademark Capital at 1-800-808-8960 www.TrademarkCapital.com

Glide Path Powered By:

12/3

0

$1

0

$9


Tctr 2030 r5