TCTR - 2020 R1 by Trademark Capital

Q1: March 31, 2013

Asset Class: Target-Date Funds

Trademark Capital 2020 Fund Class R1Retirement 2020 Fund R1 Trademark Capital Target Growth of $10,000 Fund Description

Class R1 Shares 05/31/2007 - 3/31/2013

The Trademark Capital Target Retirement 2020 Fund seeks a moderate level of total return and the preservation of purchasing power of accumulated assets prior to and beyond the target retirement date. The10 Trademark Capital Target Date Series are collective investment funds (“CIFs”) created by TOP HOLDINGS the Hand Composite Employee Benefit Trust and sponsored by Hand Benefits & Trust Company, a BPAS company, that invest in the strategies of TIP 1) iShares Barclays TIPS Bond Fd sub-advisor to the CIFs. 6) Vanguard Total Bond Market BND Trademark Capital which serves as the

2) VanguardCapital S&P 500 Trademark Portfolio Management 3) Vanguard MSCI EAFE Team Joseph Ezernack, MBA

4) Vanguard Mid-Cap Chief Investment Officer 5) HB&T Short Term Income Fund Don Beasley Managing Director

FUND FACTS

Investment Share Class Approach

VOO Small-Cap The Trademark/Wilshire glide path design adjusts the broadly diversified 7) Vanguard VB asset mix on a quarterly basis, gradually moving toward a more conservative allocation up to and VEA 8) Vanguard REIT VNQ “through” retirement to life expectancy. This approach takes into account investor behavior assumptions beforeBarclays and afterInternational the target retirement date, whichBWX are used to create the VO both Treasry Bnd 9) SPDR slope of the glide path. 10) Market Vctrs Emrgng Mrkts Lcl Crncy Bnd EMLC Allocation

Equity

Alpha

The asset allocation and glide path strategy is 60% 41023X765 CUSIP powered by Wilshire Associates. Investment selection, management and downside protection $14,000 Fund Expense Ratio 0.90%40% overlay is managed by Trademark Capital.

Advisor Total ExpenseCapital Ratio* Trademark

Beta R

$13,000

Weighted Average ETF

FUND DATA Trademark Flexguard Overlay expands in

100% 80%

Trademark Flexguard Overlay

Fixed Income

adverse market conditions

V o l a t i l i t y

0.33 M a 0.67 n a g e m e n7.17% t

Trademark Flexguard Overlay contracts under positive market conditions

0.12%20%

Standard Deviation

$12,000

0% 1.02%

Sharpe Ratio

($10.20 per $1,000 invested) $11,000

2.17%

Retirement Age

0.35

$12,759.01

Maturity Age

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

$11,977.49 Trademark Capital Management, Inc. is aTarget Date 2020 $10,000TR 25 Annual 30 35 40 Turnover 45 50 55 60 65 70 101% 75 80 85 45 Portfolio Benchmark Morningstar Age Q1: March 31, 2013 federally registered investment advisor with *The fund expense ratio has 10 bps of service fees payable to the plan’s$9,000 service InceptionMature DateAccumulators Near-Retirement Transitioners 2/1/2011 In-Retirement Harvesters a Capital team The of2020 experienced and credentialed providers. total expense includes the fund expense ratio and the weighted Young Savers rademark Fund ratio Class R1 (35-49) (50-65) 1 (65+) $8,000 (34 and younger) professionals. For nearly two decades, average ETF expense. vs. the S&P 500 rowth of $10,000 Class R1 Shares 05/31/2007 - 3/31/2013 The Trademark Flexguard Overlay (TFO), can reduceFund exposure to the “equity” glide path $7,000 Trademark Capital has been steadfast in holding true to its core principles:TOP putting client’s interest during periods of elevated market risk. While the level of the TFO is lower for younger 10 HOLDINGS TIP solutions. Market the pre-determined first and goal-oriented TheTotal Bond investors, maximum levels of protection increase up to and “through” ) iShares Barclays TIPSdelivering Bond Fd 6) Vanguard BND CALENDAR YEAR RETUR Capital investmentVOO philosophy ) VanguardTrademark S&P 500 7) Vanguard Small-Cap VB retirement. Q1: March 31, 2010 2013 Trademark Fund R1 Morningstar Target Date 2010 QTD Y VEA Vanguard REIT At age 65, the target retirementVNQ on the idea of “winning by not ) Vanguardcenters MSCI EAFE 8) losing.” date, the maximum equity exposure is 55%. At age 85, the target maturity date, the maximum equity

) Vanguard Mid-Cap

) HB&T Short Term Income Fund

Glide Path Consultant Wilshire FUND Associates FACTS

Trademark Capital 2020 Fund Class R1

exposure is 15%, which represents the lowest allocation to equities along the glide path. Treasry Bnd 9) SPDR Barclays International BWX 10) Market Vctrs Emrgng Mrkts Lcl Crncy Bnd

Trademark Capital 2020 Fund Class R1

2.26%

2.2

Morningstar Target Date 2020 TR

4.14%

4.1

Growth of $10,000EMLC Class R1 Shares 05/31/2007 - 3/31/2013

FUND DATA $14,000

R1 Alpha 2.17% Founded in 1972, Wilshire Associates TOP 10 HOLDINGS $13,000 $12,158.46 41023X765 Beta USIP 0.33 (“Wilshire®”), a leading global independent TIP 1) iShares Barclays TIPS Bond Fd 6) Vanguard Total Bond Market BND $12,000 nd Expenseinvestment Ratio 0.90% 0.67 CALENDAR YEAR HYPOTHETICAL & R2 consulting and services firm, has $11,000 VOO 7) Vanguard Small-Cap VB eighted Average Standard Deviation 2) Vanguard S&P 500 7.17% moreETF than three decades0.12% of experience providing $10,000 12/31/2007 VNQ 12/31 Sharpe 1.02% otal Expenserisk Ratio* VEA 3) Vanguard MSCI EAFE 0.35 8) Vanguard REIT analytics, investment consulting, and Ratio ($10.20 per $1,000 invested) $11,279.78 $9,000 Annual Portfolio Turnover enchmark investment Morningstar Target Date 2020 TR 101% solutions to institutional investors 0.00% -7.9 VO Barclays International Bnd Trademark Capital Fund Class R1Treasry 4) $8,000 Vanguard Mid-Cap 9) SPDR2020 BWX he fund expense ratio has 10 bps of service fees payable to the plan’s service Date 2/1/2011 currently serves Inception in excess viders. The total worldwide. expense ratio includesWilshire the fund expense ratio and the weighted Vctrs Emrgng Mrkts Lcl Crncy Bnd 5) $7,000 HB&T ShortFund Term Income 10) Market EMLC rage ETF expense. vs. the S&P 500Fund $10,459 $9, Growth of $10,000 of 600 organizations in more than 20 countries $6,000 representing assets totaling more than US $6 1 FUND FACTS 0.00% -29 FUND $5,000 Morningstar Target Date 2020DATA TR CALENDAR YEAR RETURNS (%) - CLASS R1 SHARES trillion.* Inception to

hare Class

Share Class

QTD

2.26%

YTDR1

1 Year Alpha

2.26% 41023X765

2.05% Beta

3 Year

Date Growth of $10,000 3.01%

3.33%

$9,897

Trustee Hand Benefits & Trust Company

Trademark Capital 2020 Fund Class R1 CUSIP

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.

CALENDAR RESULTS ($) 5/31/07 - 12/31/12 Weighted Average ETF YEAR HYPOTHETICAL 0.12%& ACTUAL Standard Deviation

*As of 12/31/09, based on published data in the 12/27/10 issue of Pension and Investments.

4.14% Morningstar Target2020 Date 2020 TR Trademark Fund

Fund Expense Ratio

R1 0.90%

4.14%

12/31/2007 12/31/2008 Total Expense Ratio* ($10.20 per $1,000 invested) 1.02% 0.00% -7.96% Trademark Capital 2020 Fund Class R1

Benchmark

Morningstar Target Date 2020 TR $9,627 Growth of $10,000 $10,459

*The fund expense ratio has 10 bps of service fees payable to the plan’s service 0.00% -29.57% Morningstar Target Date 2020 TR providers. The total expense ratio includes the fund expense ratio and the weighted $9,897 $6,971 Growth of $10,000 average ETF expense.

8.10% 7.99% Date2.09% Morningstar Target 2020 R2

12/31/2009

12/31/2010 Sharpe Ratio

2.17%

$6,

0.33 0.67 7.17%

12/31/2011

12/31/2012

8.94%

-3.93%

5.06% $11,890

101%

24.18% 12.45% Inception Date

-0.23%

11.53%

2/1/2011

$9,712

1 $10,831

11.86%

Annual Turnover $10,769 Portfolio $11,732 $11,293 $8,657

$9,735

0.35

Fund vs. the S&P 500 $13,000 $11,820.38 Illustrates a $10,000 investment made on 5/31/2007 with no additional deposits. $12,000 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. CALEND $11,000 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 $10,000Fund expenses. of stated $9,000 $8,000

$10,761.04

Trademark Capital 2020 Fund Clas

r $1,000 invested)

r Target Date 2020 TR

Annual Portfolio Turnover

s payable to the plan’s service expense ratio and the weighted

Inception Date

101% 2/1/2011

Fund vs. the S&P 500 Trademark Capital Target Retirement 2020 Fund R1 1

CALENDAR YEAR RETURNS (%) - CLASS R1 SHARES QTD

YTD

1 Year

Trademark Capital 2020 Fund Class R1

2.26%

2.05%

3.01%

Inception to Date 3.33%

Morningstar Target Date 2020 TR

4.14%

8.10%

7.99%

2.09%

3 Year

YEAR HYPOTHETICAL ACTUAL 12/31/12 Past Performance is no guarantee of future resultsCALENDAR and the actual performance of the benchmark and the & Fund may be lowerRESULTS or higher than($) the 5/31/07 hypothetical- past performance shown above. Fund returns are calculated net of fees. Fund returns are compared to the Morningstar Target Date 2020. Performance prior to February 1, 2011 is back-tested while performance after February 1, 2011 is based on actual 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 results. 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.

Trademark Capital Target Retirement 2020

0.00%

-7.96%

11.86%

8.94%

-3.93%

5.06%

Growth of $10,000

$10,459

$9,627

$10,769

$11,732

$11,293

$11,890

The actual allocation of the fund may differ from the Morningstar Target Date 2020 TR target allocation depending on the current position of Growth of $10,000 the Trademark Flexguard Overlay (TFO).

0.00%

24.18%

12.45% Int’l-0.23% Stocks 14% $9,735 $9,712

Trademark Capital 2020 Fund Class R1

Target and Actual Allocation

The TFO can reduce exposure to the “equity” portion of the glide path when our model indicates periods of elevated market risk. The TFO 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].

3/31/13 Target Allocation $9,897

Real Assets -29.57% 4% $6,971

Int’l Stocks 16%

$8,657

Q1: March 31, 2013

A one-step, broadly diversified, ‘managed for you’ solution that adjusts to an investors age, as well as, changes in the financial markets.

Real Assets 4%

11.53%

$10,831

Cash/TIPS 27%

US Stocks 39%

Key Considerations

3/31/13* Actual Allocation

US Stocks 33%

Other Bonds 14%

Other Bonds 15%

Trademark Capital 2020 Fund Class R1

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.

Growth of $10,000 Class R1 Shares 05/31/2007 - 3/31/2013

*Actual Allocation reflects allocation as of 3/31/13.

TOP 10 HOLDINGS TIP

1) iShares Barclays TIPS Bond Fd

6) Vanguard Total Bond Market

Trademark Capital Target Retirement Fund

Before 1949

2010

1950-1959

2020

1960-1969

2030

1970-1979

2040

After 1980

2050

BND

2) Vanguard S&P 500

VOO

7) Vanguard Small-Cap

3) Vanguard MSCI EAFE

VEA

8) Vanguard REIT

VNQ

9) SPDR Barclays International Treasry Bnd

BWX

10) Market Vctrs Emrgng Mrkts Lcl Crncy Bnd

EMLC

4) Vanguard Mid-Cap 5) HB&T Short Term Income Fund

FUND FACTS

Year of Birth

Cash/TIPS 34%

FUND DATA

Share Class CUSIP

R1 41023X765

0.33 0.67

Weighted Average ETF

0.12%

Standard Deviation

($10.20 per $1,000 invested)

1.02%

Morningstar Target Date 2020 TR

*The fund expense ratio has 10 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.

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. 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 manage-ment fee that would have been charged by Trademark had Trademark managed the Fund during the corresponding time period plus estimated corresponding Fund expenses (estimated at .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 (including the investments purchased and/or investment strategies devised or undertaken by Trademark) will be profitable.

7.17%

Sharpe Ratio

0.35

Annual Portfolio Turnover

101%

Inception Date

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.

2.17%

Beta

0.90%

Benchmark

Alpha

Fund Expense Ratio Total Expense Ratio*

2/1/2011 1

Fund vs. the S&P 500

CALENDAR YE

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future 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 Capital 2020 Fund Class R1 performance results. Benchmarks are unmanaged and one cannot Trademark invest directly in a benchmark. The historical performance results for the benchmark is provided exclusively for comparison purposes only, Targetclient Datein2020 TR so as to provide general comparative information to assist an individualMorningstar client or prospective 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. CALENDAR YEAR HYPOT

The performance results (5/31/07-12/31/10) reflect hypothetical, back-tested results, that were achieved by 1 means of the retroactive application of a back-tested portfolio and, as such, the corresponding results have inherent limitations, including: (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 Trademark of the referenced portfolios, certain Capital 2020 Fund Class R1 aspects of which may have been designed with the benefit of hindsight; (2) back-tested performance may not reflect the impact that any material market or economic factors might have had on the adviser’s use of of $10,000 the hypothetical portfolio if the portfolio had been used during the period to actually mangeGrowth client assets; and, (3) Trademark’s clients may have experienced investment results during the corresponding time periods that were materially different from those portrayed in the portfolio. Hypothetical performance results have Morningstar Target Date 2020 TR 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. Growth of $10,000 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. This material is for Investment Professional use only.

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