All Cap Core Plus Equity Management

Investment Objective
The Sage All Cap Core Plus Equity Management strategy seeks to provide attractive long-term risk-adjusted returns versus the core equity markets through the investment in select exchange-traded funds. The product employs a similar tactical rotation strategy as our core equity product, but expands our universe of return opportunities with asset classes outside the domestic equity market and developed international markets, specifically commodities, real estate and emerging markets. The product is geared towards clients desiring low-cost active equity management that minimizes individual security risk. As with our other product, the enhanced equity strategy will follow a methodology based on our forward-looking analysis that will leverage our resources as macro strategist and supported by our proprietary analytics.

Instruments
• SPDRS (SPY)
• iShares S&P 500/Citigroup Growth (IVW)
• iShares S&P 500/Citigroup Value (IVE)
• Rydex S&P 500 Equal Weight (RSP)
• MidCap SPDRS (MDY)
• iShares S&P MidCap 400/Citigroup Growth (IJK)
• iShares S&P MidCap 400/Citigroup Value (IJJ)
• iShares S&P SmallCap 600 (IJR)
• Russell SmallCap Growth (IWO)
• iShares S&P SmallCap 600/Citigroup Growth (IJT)
• iShares S&P SmallCap 600/Citigroup Value (IJS)
• iShares MSCI-EAFE (EFA)
• iShares MSCI-EAFE Value (EFV)
• iShares MSCI-EAFE Growth (EFG)
• DIAMONDS (DIA)
• iShares Cohen & Steers Realty Majors (ICF)
• PowerShares DB Liquid Commodity (DBE)
• iShares MSCI Emerging Markets (EEM)

Benchmark
Standard & Poor 500 Index/Russell 3000 Index