Impact of Investment Expenses SCLC: INSIG H T Impact of Investment Expenses DATE: July 2013 $6,000,000 Growth of Hypothetical 70/30 Portfolio Under 1% and 2% Cost Factors: January 1988 through December 2012 $5,000,000 $5,028,268 70/30 Low Cost:1% 70/30 High Cost:2% $4,000,000 $3,897,876 $3,000,000 $2,000,000 Composition of Hypothetical 70/30 Portfolios: $1,000,000 MSCI All Country World Index (gross div.): Barclays US Aggregate Bond Index: 70% 20% Citigroup World Gov't Bond Index ex US 1-5 Years (hedged ): 10% $0 Jan-88 Jan-90 Jan-92 Jan-94 Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Dimensional Fund Advisors. Rev July 2013 © 2013 Schultz Collins Lawson Chambers, Inc. All rights reserved. This document does not constitute a recommendation of or solicitation to provide services. Readers should consult with legal, tax, or accounting professionals before acting upon any information or analysis contained herein. Schultz Collins Lawson Chambers, Inc. does not provide tax or legal advice. The information in this document is drawn from sources believed to be reliable. However, no endorsements are made as to the accuracy of third party information. Opinions expressed are as of the date appearing on this material. This material may not be sold or printed for distribution without the express written permission of Schultz Collins Lawson Chambers, Inc. The information contained herein is not intended to be used as a general guide to investing, or as a source of any specific investment recommenda- tions, and makes no implied or express recommendations concerning the manner in which any assets should be handled. Portfolio risk management does not imply low risk. Past performance is not indicative of future results, which may vary. The value of investments and the income derived therefrom can go down as well as up. Future returns are not guaranteed, and a loss of principal may occur. 455 Market Street, Suite 1450 San Francisco, California 94105 PHO N E: 415.291.3000 FAX: 415.291.3015 TOL L ‐ FR EE: 877.291.2205 www.schultzcollins.com SCHU LTZ COL L IN S LA WSON CHAM BE RS, INC . PAGE 1