Joseph Latta. As of 5/13/2016

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1 Joseph Latta As of 5/13/2016 Please inform us if there are any material changes to your investment objectives, goals, financial and liquidity needs, risk tolerance, investment time horizon, financial circumstances, tax situation, or other personal and financial circumstances. Thanks!

2 This report is intended to start at the high level and move into more detailed levels. Some clients merely want the high level information, thus they may choose to only look at the first few pages. Others want more detail and depth, thus they will dive further into the report. The following page shows your high level summary, and is an aggregation of all your accounts. Joseph Latta Page 2

3 Summary of all your accounts Quarter to Date Year to Date Inception to Date (11/19/2015) Start Value $1,616, $1,541, $1,579, Contributions $0.00 $0.00 $0.00 Investment Gain $ $75, $37, Ending Value $1,617, $1,617, $1,617, Net TWR 0.04% 4.93% 2.37% Joseph Latta Page 3

4 The following pages show the Risk and Return Graphs for your portfolio(s). This might be the most important section of this report. The goal is for your portfolio(s) to trend towards the upper-left over time... to have a higher return than most asset classes, and to have a lower risk than most asset classes. Note: It takes time for this "upper-left" phenomena to take place. A three to five year period is often required. Joseph Latta Page 4

5 Risk vs. Return Joseph Latta Page 5

6 The following pages contain the performance and benchmarks for your individual portfolios (Strategic, Core, Tactical). Explanation of Benchmarks: U.S stocks is the S&P 500 Composite index. International stocks is the MSCI World X-US Net index. Emerging market stocks is the MSCI EM (Emerging Markets) Net index. U.S. bonds is the Barclays US Aggregate index. International bonds is the Barclays Global Aggregate X - US index. Emerging market bonds is the JP Morgan GBI Emerging Markets Global Diversified USD UnHedged index. Commodities is the S&P Goldman Sachs Commodity index. Gold is the S&P GSCI Gold Spot Price Only index. Global real estate is the FTSE EPRA/NAREIT Global index. Inflation is the CPI - Seasonally Adjusted index. Short term U.S. bonds is the Bank of America / Merrill Lynch US Treasury 1-5 YR index. U.S. dollar is the ICE US Dollar Spot index. Joseph Latta Page 6

7 Performance Benchmarks Inception to Date (11/19/2015) Year to Date Quarter to Date Your Return 2.37% 4.93% 0.04% U.S. Stocks (1) (0.62%) 0.96% (0.39%) International Stocks (2) (4.88%) (2.29%) (0.35%) Emerging Market Stocks (3) (4.14%) 0.78% (4.67%) U.S. Bonds (4) 3.44% 3.66% 0.61% International Bonds (5) 10.18% 9.76% 1.38% Emerging Market Bonds (6) 5.62% 9.93% (0.98%) Global Real Estate (7) 5.80% 4.81% (0.27%) Gold (8) 18.26% 20.26% 3.19% Commodities (9) (2.59%) 7.03% 9.77% U.S. Dollar (10) (4.43%) (4.08%) 0.02% Joseph Latta Page 7

8 The following pages show pie charts depicting the asset allocation of your individual accounts. Joseph Latta Page 8

9 Asset Allocation Latta, Joseph (Core, Joint Account, xxxx6545) Asset Class Cash $41, % U.S Equities $177, % International Equities $271, % Emerging Market Equities $212, % U.S. Debt $106, % International Debt $219, % Emerging Market Debt $162, % Real Estate $166, % Gold $170, % Commodities $87, % Total $1,617, % Current Value Current Percent Joseph Latta Page 9

10 Fees and Debits From December 31, 2015 to May 13, 2016 Trade Date Activity Amount Price 5/3/2016 Expense (Management Fee) $ /4/2016 Expense (Management Fee) $ /4/2016 Expense (Management Fee) $ /5/2016 Expense (Management Fee) $ /5/2016 Expense (Management Fee) $ Joseph Latta Page 10

11 The following pages show your holdings, grouped by asset class, first in aggregate, and then for each of your portfolios (Strategic, Core, Tactical). Joseph Latta Page 11

12 Holdings Cash Weight Symbol Description Quantity Price Value Cost Basis 2.59% CASH CASH $41, $41, % Cash Total $41, $41, U.S Equities 7.19% SPY S P D R S&P 500 Etf Tr $ $116, $118, % VB Vanguard Small Cap $ $61, $63, % U.S Equities Total $177, $181, International Equities 2.98% EZU ishares MSCI EMU 1, $33.95 $48, $46, % VSS Vanguard Ftse Etf 1, $93.59 $105, $106, % VEU Vanguard Intl Eqty Index 2, $42.62 $117, $122, % International Equities Total $271, $276, Emerging Market Equities 2.03% MCHI Ishares Msci China Etf $39.39 $32, $39, % FM ishares MSCI Frontier 100 1, $24.99 $37, $39, % VWO Vanguard Ftse Emerging 4, $32.86 $142, $150, % Emerging Market Equities Total $212, $229, U.S. Debt 3.26% IEI Ishares Tr Bond $ $52, $51, % TIP Ishares Tr Tips $ $53, $51, % U.S. Debt Total $106, $102, International Debt 5.31% WIP Spdr Series TRUST Etf 1, $53.76 $85, $82, % BWX SPDR Barclays International Trs Bd ETF 2, $55.79 $133, $124, Emerging Market Debt 13.59% International Debt Total $219, $207, % LEMB ishares Emerg Mkts Local Currency Bond $43.02 $41, $38, Joseph Latta Page 12

13 Holdings Weight Symbol Description Quantity Price Value Cost Basis Emerging Market Debt 2.99% EMLC Market Vectors EM Local Currency Bd ETF 2, $18.25 $48, $46, % VWOB Vanguard Emerging Markets Govt Bd ETF $77.99 $72, $70, % Emerging Market Debt Total $162, $155, Real Estate 4.99% RWX Spdr Dow Jones Intl 1, $41.45 $80, $79, % VNQ Vanguard Reit 1, $84.40 $85, $78, % Real Estate Total $166, $157, Gold 3.71% IAU Ishares Gold TRUST 4, $12.28 $60, $51, % GLD Spdr Gold TRUST $ $110, $94, % Gold Total $170, $145, Commodities 5.43% DBC PowerShares DB Commodity Tracking ETF 6, $14.48 $87, $85, % Commodities Total $87, $85, % Total $1,617, $1,583, Joseph Latta Page 13

14 If you have gotten this far, and still want more details, please contact us! Randy Kurtz (917) Disclaimer: Valuations are from sources deemed reliable but not guaranteed. Holdings are as of the date noted and are subject to change. Past performance does not guarantee future results. This report uses trade date for all transactions. Your investment statements will use settlement date. Those investment statements may not show some transactions that this report shows if the settlement date is after the report date above. This variance could cause a discrepancy in the overall balance of the two reports. Your Charles Schwab statement is the official record of account holdings and activity. Investments are not FDIC insured, are not deposits, are not insured by any Federal government agency, are not bank guaranteed and may lose value. Joseph Latta Page 14