DestinationsHelping investors achieve better outcomes for 20 years

DEFENSIVE CONSERVATIVE M

ODERA

TELY

CO

NSE

RVAT

IVE

B

ALANCED IN

COME MODERATE MODERATELY AGGRESSIVE AGG

RESSIVE AGGRESSIVE EQUITY

BRINKER CAPITAL

Destinations

Y E A R S

1995 2015

CELEBRATING

20COMMITTED TO

INVESTMENT EXCELLENCE

Inception Beta 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Conservative (T) Jan 1995 0.33 15.50% 9.39% 11.73% 6.59% 10.33% 5.22% 1.86% -2.39% 14.01% 8.28% 5.20% 8.93% 6.08% -17.13% 17.38% 6.27% 2.45% 7.92% 5.49% 5.73%

Conservative (Q) Jun 1995 0.35 8.79 11.85 6.55 12.04 4.75 2.17 -4.10 16.46 8.60 5.08 10.10 6.38 -19.72 17.03 8.79 0.72 9.06 5.94 4.30

Moderately Conserv. (T) Feb 1995 0.44 10.72 12.74 6.95 15.32 0.54 -0.19 -5.35 16.75 9.21 5.86 10.05 7.07 -20.97 19.37 7.80 1.18 9.36 8.99 5.72

Moderately Conserv. (Q) Feb 1995 0.45 10.47 13.02 7.27 15.57 0.50 -0.03 -5.80 18.42 9.44 5.67 11.08 7.28 -23.11 19.31 9.92 -0.53 10.31 9.48 4.43

Moderate (T) Mar 1995 0.64 12.86 16.68 10.77 18.59 -1.68 -2.28 -10.49 23.17 10.71 7.11 12.37 8.82 -31.01 26.96 10.96 -1.57 11.69 15.67 5.83

Moderate (Q) Jan 1995 0.66 22.28 12.71 17.06 10.84 18.87 -1.59 -2.26 -10.95 24.86 10.84 6.88 13.01 8.94 -31.60 27.56 12.46 -2.58 12.31 16.10 4.89

Moderately Aggress. (T) Apr 1995 0.73 13.21 16.01 9.31 19.14 -4.22 -2.69 -12.19 24.99 11.66 7.51 13.52 9.70 -34.77 29.19 12.47 -2.65 12.94 19.00 5.94

Moderately Aggress. (Q) Jan 1995 0.73 25.34 12.18 15.82 8.56 19.91 -4.69 -2.43 -12.72 26.37 11.82 7.41 14.03 9.87 -35.14 30.03 13.39 -3.41 13.44 19.24 5.24

Aggressive (T) Jul 1995 0.82 14.48 16.92 9.51 21.06 -6.05 -4.49 -15.29 26.77 12.31 8.15 14.72 10.27 -38.28 31.20 13.84 -3.63 14.20 22.41 6.03

Aggressive (Q) Jan 1995 0.83 28.57 14.49 17.30 10.00 21.59 -5.90 -4.35 -16.01 28.14 12.41 8.05 14.99 10.30 -38.59 32.46 14.23 -4.25 14.48 22.68 5.50

Aggressive Equity (T) Jan 1997 0.99 15.89 10.73 27.67 -8.78 -6.92 -20.43 31.64 12.90 8.90 16.15 11.26 -43.42 34.20 16.04 -5.06 15.89 28.57 6.95

Aggressive Equity (Q) Jan 1997 0.99 15.89 10.73 27.67 -8.78 -6.92 -20.43 31.64 12.90 8.90 16.15 11.26 -43.42 34.87 16.04 -5.07 15.88 28.57 6.74

Specialized Strategies

Conserv. Gov. Focused Nov 2008 0.00 0.58 2.60 2.37 1.39 -1.30 1.91

Defensive (T) Oct 2009 0.11 3.37 3.78 5.06 1.29 4.25

Defensive (Q) Oct 2009 0.13 5.95 2.04 6.29 1.53 3.22

Balanced Income (T) Aug 2006 0.56 0.97 -25.66 22.43 10.77 3.49 10.75 10.44 7.21

Balanced Income (Q) Jul 2004 0.59 3.82 15.95 1.97 -26.88 22.65 12.22 2.38 11.40 10.81 6.61

What began as an idea in 1995 has evolved into a comprehensive mutual fund asset allocation program with 20 years of returns through all types of markets.

One-on-One Presentation: This report is exclusively for use in one-on-one presentations with sophisticated investors. Brinker Capital, Inc., a Registered Investment Advisor.

(T) indicates Taxable, (Q) indicates Qualifi ed. Beta is calculated as the average measured monthly vs. Standard & Poor’s 500 Index since each strategy’s inception date through 12/31/14.

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Standard & Poor’s 500 Total Return 37.58% 22.96% 33.36% 28.58% 21.04% -9.10% -11.89% -22.10% 28.68% 10.88% 4.91% 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69%

MSCI AC World Index ex US - Gross 9.94 6.68 2.04 14.46 30.91 -15.09 -19.50 -14.67 41.41 21.36 17.11 27.16 17.12 -45.24 42.14 11.60 -13.33 17.39 15.78 -3.44

Barclays US Aggregate 18.47 3.63 9.65 8.69 -0.82 11.63 8.44 10.25 4.10 4.34 2.43 4.33 6.97 5.24 5.93 6.54 7.84 4.21 -2.02 5.97

Barclays Municipal Bond 17.46 4.43 9.19 6.48 -2.06 11.68 5.13 9.60 5.31 4.48 3.51 4.84 3.36 -2.47 12.91 2.38 10.70 6.78 -2.55 9.05

HFRX Global Hedge Fund (USD) 12.94 26.66 14.29 8.67 4.72 13.39 2.69 2.72 9.26 4.23 -23.25 13.40 5.19 -8.87 3.51 6.72 -0.58

Bloomberg Comm. Index Total Return 15.21 23.17 -3.39 -27.03 24.35 31.84 -19.51 25.91 23.93 9.15 21.36 2.07 16.23 -35.65 18.91 16.83 -13.32 -1.06 -9.52 -17.01

FTSE EPRA/NAREIT Dev. Total Return 14.56 34.58 4.91 -13.88 8.17 17.58 -2.41 1.96 40.69 37.97 15.35 42.35 -6.96 -47.72 38.26 20.41 -5.82 28.65 4.39 15.89

Red Rocks Global Listed Private Equity 10.12 23.18 69.14 6.55 -11.50 -4.47 54.83 37.22 25.01 34.96 5.67 -63.01 50.65 29.34 -18.50 29.70 39.10 -2.19

One-on-One Presentation: This report is exclusively for use in one-on-one presentations with sophisticated investors. Brinker Capital, Inc., a Registered Investment Advisor.

Major Market Indices

Jeff Raupp, CFASenior Investment Manager19 years industry experienceB.S. University of DelawareM.B.A. Villanova University

Amy Magnotta, CFASenior Investment Manager14 years industry experienceB.S. Lehigh University

Portfolio Management Team Learn More About Destinations

Past performance does not guarantee future results. Returns are based on ac-tual market values and are weighted accordingly. The returns assume reinvest-ment of dividends or any earnings. Time periods were selected by Brinker Capi-tal and are shown for illustrative purposes only. Returns are calculated gross (before the deduction) of advisory fees payable to Brinker Capital and any other expenses for services not covered by the advisory fee including administrative costs, which would reduce your return. The net eff ect of the deduction of Brink-er Capital’s fees on annualized performance, including the compounded eff ect over time, is determined by the relative size of the fee and the account’s invest-ment performance. The chart below depicts the eff ect of a 1% management fee on the growth of one dollar over a ten year period at 10% (9% after fees), 5% (4% after fees) and 3% (2% after fees) assumed rates of return.

20 years of history

Brinker Capital multi-asset class approach

Disciplined portfolio management

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Year 1 2 3 4 5 6 7 8 9 1010% 1.10 1.21 1.33 1.46 1.61 1.77 1.95 2.14 2.36 2.599% 1.09 1.19 1.30 1.41 1.54 1.68 1.83 1.99 2.17 2.375% 1.05 1.10 1.16 1.22 1.28 1.34 1.41 1.48 1.55 1.634% 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42 1.483% 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30 1.342% 1.02 1.04 1.06 1.08 1.10 1.13 1.15 1.17 1.20 1.22