The document provides performance analysis for the Enhanced Investment Partners LLC ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY from 2008 to 2017. It shows that the strategy outperformed benchmarks like the HFN Long Only Index and HFN Multi-Strategy Index on a year-to-date, 1-year, 3-year and 5-year basis. Risk statistics like standard deviation, gain/loss deviation and Sharpe ratio indicate the strategy had higher returns with comparable or lower risk than the benchmarks. Charts visualize the strategy's growth, monthly returns distribution and rolling standard deviation. Peer analysis shows the strategy achieved above-median returns with lower standard deviation than peers in the eVest

1. Enhanced Investment Partners LLC : ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY
STRATEGY

2. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Analysis
Universe Rankings: Annualized Returns
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY HFN Long Only Index
HFN Multi-Strategy Index
YTD 1 Year 3 Year 5 Year 10 Year
0
10
20
30
40
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Quartile
Background Universe: eVestment US All Cap Core Equity
Risk Analysis
Statistic
Enhanced Invest.:
ENHANCED
DYNAMIC® 1
MODERATE ACTIVE
EQUITY STRATEGY
HFN Long Only Index
HFN Multi-Strategy
Index
YTD 27.87% 20.56% 6.80%
1 Year Return 27.87% 20.56% 6.80%
2 Year Return 23.65% 14.36% 5.75%
3 Year Return 16.99% 9.08% 3.88%
5 Year Return 21.38% 10.94% 4.85%
7 Year Return 18.93% 8.11% 3.47%
10 Year Return 15.99% 5.39% 2.87%
Cumulative Return 340.80% 69.04% 32.66%
Standard Deviation 17.06% 13.94% 4.78%
Gain Deviation MAR (5%) 12.99% 8.64% 2.53%
Loss Deviation MAR (5%) 11.44% 10.87% 4.07%
Sharpe Ratio (Citi 3 Mo. T-Bill ) 0.92 0.36 0.53
Historical Peer Share
Period Peer Share Universe Rank
Q4 2017 - -
Q3 2017 - -
Q2 2017 - -
Q1 2017 - -
Performance Statistics - All Market
Benchmark
Alpha Beta R^2
Tracking
Err
Excess
Rtn
Info
Ratio Returns
Bench
Rtn
Bat
A v g
Std
Dev
Bench Std
Dev
HFN Long Only Index 9.90% 1.10 0.81 7.53% 10.60% 1.41 15.99% 5.39% 0.68 17.06% 13.94%
HFN Multi-Strategy Index 8.09% 2.92 0.67 13.45% 13.12% 0.98 15.99% 2.87% 0.71 17.06% 4.78%

3. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Analysis
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Historical Performance - Monthly Returns
Jan Feb Mar Apr M a y Jun Jul Aug Sep Oct Nov Dec Year
2017 2.42% 2.94% 1.10% 2.03% 0.85% 2.40% 1.84% 0.14% 4.83% 2.49% 3.16% 0.73% 27.87%
2016 -7.19% 0.09% 7.44% 1.44% 2.40% 0.34% 5.65% 1.30% 1.09% -3.45% 8.00% 1.91% 19.58%
2015 -2.48% 7.11% 1.03% -0.76% 2.49% 0.84% 1.12% -5.79% -3.83% 6.46% 2.49% -3.23% 4.72%
2014 -2.47% 5.33% 0.10% -1.07% 2.35% 3.61% -2.50% 4.65% -2.64% 3.98% 2.23% 0.77% 14.79%
2013 6.27% 1.51% 4.44% 1.29% 3.97% -0.38% 6.39% -2.12% 4.71% 4.13% 3.67% 3.01% 43.32%
2012 6.01% 4.54% 3.03% -0.41% -6.34% 4.26% 0.75% 3.33% 2.89% -1.12% 1.09% 2.20% 21.51%
2011 1.49% 4.83% 2.24% 2.98% -1.20% -1.31% -2.55% -6.28% -7.95% 13.23% 0.09% 1.04% 5.13%
2010 -2.88% 4.53% 7.43% 4.56% -6.96% -5.82% 7.06% -5.39% 11.51% 4.53% 2.79% 7.58% 30.46%
2009 -7.41% -9.20% 9.26% 15.49% 5.25% 1.50% 9.54% 3.73% 5.80% -3.41% 4.35% 6.12% 45.71%
2008 -7.13% -2.09% -0.37% 5.83% 4.47% -6.24% 0.63% 2.67% -9.01% -18.26% -9.07% 5.00% -31.09%

4. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Charts
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY
HFN Long Only Index HFN Multi-Strategy Index
2008 2010 2012 2014 2016
0k
2k
4k
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY
HFN Long Only Index HFN Multi-Strategy Index
2010 2012 2014 2016
-60.0%
-40.0%
-20.0%
0.0%
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY
HFN Long Only Index HFN Multi-Strategy Index
<10%
-8to-6
-4to-2
0to2
4to6
8to10
0
50
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY
HFN Long Only Index HFN Multi-Strategy Index
2010 2012 2014 2016
-20%
0%
20%
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Growth of $1,000 Drawdown
Distribution of Monthly Returns Standard Deviation - One Year Rolling

5. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Peer Analysis
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY HFN Long Only Index HFN Multi-Strategy Index
Excess Returns Returns Standard Deviation Ann. Alpha Tracking Error
-5
-2.5
0
2.5
5
7.5
10
12.5
15
17.5
20
22.5
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Background Universe: US All Cap Core Equity

6. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Peer Analysis
Median
Standard Deviation
Returns(1/08-12/17)
eVestment US All Cap Core Equity ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY HFN Long Only Index HFN Multi-Strategy Index
4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Background Universe: US All Cap Core Equity displaying 115 peers

7. Enhanced Investment Partners LLC Jan 2008 - Dec 2017
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY Peer AnalysisCalendarYearReturns
ENHANCED DYNAMIC® 1 MODERATE ACTIVE EQUITY STRATEGY HFN Long Only Index HFN Multi-Strategy Index
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
-60
-40
-20
0
20
40
60
Vehicle Type: USA - SA - Rep Account - ENHANCED DYNAMIC® MODERATE ACTIVE U.S. EQUITY - Net of Fees. Displayed in US Dollar (USD). Data frequency: Monthly
eVestment Alliance, LLC and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable, however, eVestment
does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with
additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable. Not for general distribution and limited distribution may only be made
pursuant to client’s agreement terms. * All categories not necessarily included, Totals may not equal 100%. Copyright 2012-2018 eVestment Alliance, LLC. All Rights Reserved.
Background Universe: US All Cap Core Equity