Episcopal Church Foundation Pooled Funds Growth/Income Ending 11/30/15 Returns Month Ending 3 Mos. Ending 11/30/15 Year to Date Year Ending 11/30/15 3 Yrs. Ending 11/30/15 5 Yrs. Ending 11/30/15 10 Yrs. Ending 11/30/15 Since 9/30/98 ECF Growth Fund 0.04 3.94 1.87 0.69 12.24 10.31 6.39 5.83 Custom Benchmark -0.11 3.96 0.42 -0.27 11.57 10.26 6.65 7.03 ECF Income Fund -0.23 0.30 0.54 0.56 2.02 4 4.56 -0.31 0.29 1.26 0.70 0.94 2.34 4.08 4.53 Source- First Rate Returns are gross of CAM fees but Net of mutual fund fees. Past performance is not a guarantee of future results, which could differ substantially. Performance returns for periods of less than one year are not annualized. The “Custom Benchmark” is created by SSgA and may be different for different accounts. For additional information regarding these benchmarks please contact your Investment Officer. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. Investors cannot invest directly in an index. Page 1

Episcopal Church Foundation Pooled Funds Pool Blend Ending 11/30/15 Returns Month Ending 11/30/15 3 Mos. Ending 11/30/15 Year to Date Year Ending 11/30/15 3 Yrs. Ending 11/30/15 5 Yrs. Ending 11/30/15 70/30 Pooled Blend -0.04% 2.89% 1.64% 0.67% 8.72% 7.94% Benchmark -0.17% 2.91% 0.81% 0.16% 8.31% 7.88% 60/40 Pooled Blend -0.07% 2.53% 1.53% 0.62% 7.55% 7.13% -0.19% 2.55% 0.92% 0.28% 7.24% 7.11% 50/50 Pooled Blend -0.10% 2.17% 1.40% 0.55% 6.38% 6.31% -0.21% 2.18% 1.01% 0.39% 6.16% 6.33% Hypothetical returns are based upon estimates and reflect subjective judgments and assumptions. These results were achieved by means of a mathematical formula and do not reflect the effect of unforeseen economic and market factors on decision-making. The hypothetical returns are not necessarily indicative of future performance, which could differ substantially. Page 2