Intelligent Investing Across Core Investment StrategiesRoosevelt

Investments646.452.6700 | www.rooseveltinvestments.com

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A Legacy of Success. A Tradition of Excellence. Roosevelt Investments is a privately held asset management

firm. It dates back to 1971 when P. James Roosevelt, a cousin

of President Theodore Roosevelt, founded the investment

advisory firm P. James Roosevelt, Inc.

In 2002, The Roosevelt Investment Group, Inc. merged into

Sheer Asset Management, Inc., an investment advisory firm

founded by Arthur Sheer in 1990, retaining The Roosevelt

Investment Group, Inc. as the name of the combined firm.

To this day, The Roosevelt Investment Group, Inc. manages

investment assets of the Theodore Roosevelt Association in

addition to several members of the Roosevelt family.*

*Does not represent client endorsement or reference.

Roosevelt Investments offers a range of proprietary domestic equity, international equity, fixed income

and balanced investment strategies, and equity research.

Fixed Income

PRESERVING CAPITAL, GENERATING INCOME.

Current Income Portfolio

Intermediate Fixed Income

Core Fixed Income

Global Enhanced Fixed Income

Managed Solutions

Customizable Portfolio

No-load mutual fund based on

Global Enhanced Fixed Income

International Equity

COUNTRY ALLOCATION DRIVES PERFORMANCE.

EAFE Plus Equity

International Equity

Emerging Markets Tactical

Allocation (EMTAC) Equity

Emerging Markets Equity

Global Equity

Socially Responsible Investing

Equity Research

SPECIALISTS IN COUNTRY ALLOCATION.

Heckman Global Advisors

Publications

Heckman Global Advisors

Interactive Models

Domestic Equity

MANAGE FOR RISK, RETURNS CAN FOLLOW.

All Cap Core Equity

Large Cap Core Equity

Small/Mid Cap Core Equity

Select Equity

No-load mutual fund based

on All Cap Core Equity

Balanced Portfolio

A BLEND OF OUR IDEAS.

60% Equity and

40% Fixed Income

of Proprietary

Strategies

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EXECUTIVE MANAGEMENT TEAM

ARTHUR H. SHEER Chairman, CEO, CIO

ADAM J. SHEER President

DAVID SHEER Chief Financial Officer

JAMES C. ROGERS, CIMA® Managing Director

STEVEN WEISS, ESQ. General Counsel, CAO, CCO

DAVID A. CHALFIN Managing Director

We are an independent boutique investment manager and our clients’ interests come first.

ROOSEVELT INVESTMENTS AT A GLANCE

COMPLETE FOCUS ON LONG-ONLY ASSET MANAGEMENT

INDEPENDENTLY-OWNED AND UNAFFILIATED

ENTREPRENEURIAL SPIRIT THAT FOSTERS GROWTH

ASSET MANAGER WITH FINANCIAL STABILITY

ESTABLISHED 40-YEAR FIRM HISTORY

OFFICE LOCATION IN NEW YORK AND OPERATIONS CENTER IN PROVIDENCE, RI

EXPERIENCED SALES TEAM

EXTENSIVE CLIENT SERVICE SUPPORT

CULTURE OF COMPLIANCE AND OPERATIONAL EXPERTISE

Honesty. Integrity. Professionalism.People are our greatest asset.

Roosevelt Investments is rooted in the principles of honesty, integrity, and professionalism. Over the past four decades, our exceptional client service, experienced personnel, and operational excellence have contributed to our growth and success. We constantly strive to provide unparalleled client service and innovative products.

Our approach to investing is predicated on proprietary research performed

by our teams of investment professionals. Using fundamental analysis, due

diligence, third-party research, and data services, our portfolio managers

seek to uncover hidden investment opportunities. These are reflected

across our domestic equity, international equity, and fixed income strategies,

which are available through separately managed accounts and mutual fund

products. Ultimately, our strategies and products seek to provide a balance of

protection and growth.

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We focus on risk management during every step of the investment process. At Roosevelt Investments, our actively-managed domestic equity strategies embrace a

flexible approach. We search domestically and overseas for companies that are undervalued,

out-of-favor, or undiscovered with exceptional growth potential. Flexibility gives us the ability to

react to changing market conditions and to employ a global economic perspective.

We begin our investment process by identifying transformational change, which are translated into

investment themes that capitalize on the undercurrents of:

Capital preservation is a top priority. Over a full market cycle we aim to participate in upswings

while providing protection in downturns. We seek to accomplish this goal by actively utilizing a

variety of risk management tools.

Our All Cap Core Equity and Select Equity strategies are not restricted to companies of a certain

market capitalization. And our Select Equity portfolio allows for a degree of customization based

on a client’s particular financial circumstances or objectives, providing for equity exposure with the

potential for capital appreciation and risk management.

Domestic Equity. Manage for risk, returns can follow.

OUR DOMESTIC EQUITY PORTFOLIO MANAGEMENT TEAM

ARTHUR H. SHEER Chairman, CEO, CIO • Over 40 years of experience

ROBERT L. MEYER, CFA Managing Director, Portfolio Manager • Over 40 years of experence

JOHN ROSCOE, CFA Portfolio Manager • Nearly 20 years of experience

JASON SHEER, CFA Portfolio Manager • 7 years of experience

NAINESH SHAH, CFA Senior Securities Analyst, Portfolio Specialist • Nearly 20 years of experience

JASON BENOWITZ, CFA Portfolio Manager • 10 years of experience

GONGWEN PENG, PH.D. Director of Quantitative Research • Over 10 years of experience

Economic developments

Political change

Social transformations

Demographic shifts

Industry-specific change

ALL CAP CORE EQUITY

LARGE CAP CORE EQUITY

SMALL/MID CAP CORE EQUITY

SELECT EQUITY

NO-LOAD MUTUAL FUND BASED ON AROUND ALL CAP CORE EQUITY

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Roosevelt Investments’ goal is to help clients preserve capital

and generate income in all types of market environments.

Our team of fixed income professionals identifies compelling

opportunities in the government and corporate markets

using macroeconomic forecasting, proprietary research, and

fundamental credit analysis. The team also conducts rigorous

risk management for all of our fixed income products.

Our fixed income solutions span sectors, quality and

geographic regions to provide an offering spectrum diversified

in terms of risk and reward. Our thematic equity approach

complements global fixed income strategies, while domestic

offerings reflect our understanding of various fixed income

markets.

Fixed Income. Preserving capital, generating income.

OUR FIXED INCOME PORTFOLIO MANAGEMENT TEAM

ARTHUR H. SHEER Chairman, CEO, CIO • Over 40 years of experience

HOWARD S. POTTER Managing Director, Senior Portfolio Manager • Over 30 years of experence

ROBERT L. MEYER, CFA Managing Director, Portfolio Manager • Over 40 years of experence

JOHN ROSCOE, CFA Portfolio Manager • Nearly 20 years of experience

GONGWEN PENG, PH.D. Director of Quantitative Research • Over 10 years of experience

Howard Potter, a Senior Fixed Income Portfolio Manager with over 30 years of experience, joined Roosevelt Investments in October 2011 to lead Roosevelt’s domestic investment-grade fixed income team. Howard manages three fixed income styles at Roosevelt that he has managed for the past 15 years, and his decision making process for the portfolios remains intact and independent. Roosevelt’s domestic investment-grade fixed income team was subsequently formed in March 2012 under Howard’s leadership, and also includes Robert Meyer, CFA and John Roscoe, CFA, who have a combined 24 years of fixed income portfolio management experience, as well as Dr. Gongwen Peng, Roosevelt’s Director of Quantitative Research. This combination of personnel demonstrates Roosevelt Investments’ commitment, depth and succession planning for our domestic investment-grade fixed income clients.

At Roosevelt Investments,

managing risk isn’t limited

to equity investing.

CURRENT INCOME PORTFOLIO

INTERMEDIATE FIXED INCOME

CORE FIXED INCOME

GLOBAL ENHANCED FIXED INCOME

MANAGED SOLUTIONS CUSTOMIZABLE PORTFOLIOS

NO-LOAD MUTUAL FUND BASED ON GLOBAL ENHANCED FIXED INCOME

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We conduct extensive global country allocation research. For the past 18 years, we have

been generating research upon which all of our international equity portfolios are based.

Our proprietary country-allocation models assess investment prospects in developed and emerging

market countries. Ultimately, we select investments based on our philosophy that:

Country allocation drives excess returns in international/global equity portfolios

Alpha can be captured through a disciplined approach to country allocation and enhanced

portfolio construction

Quantitative methodologies exploit human emotions and market segmentation which can

create valuation anomalies and macro-economic inefficiencies in global equity markets

Risk controls are applied to ensure proper diversification

We focus on top-down country allocation.Proprietary research states that country allocation can be a significant driver of performance.

Our team of international equity experts employs a time-tested investment process that focuses

on four fundamental investment factors: valuation, growth, risk, and sentiment/momentum.

Through careful analysis of these factors they determine whether to underweight or overallocate a

particular country market. Weightings are generally implemented through either optimized baskets

of local shares, American Depository Receipts (ADRs), or country Exchange Traded Funds (ETFs).

International Equity. Award-winning research drives country allocations.

EAFE PLUS EQUITY

INTERNATIONAL EQUITY

EMERGING MARKETS TACTICAL ALLOCATION (EMTAC)

EMERGING MARKETS EQUITY

GLOBAL EQUITY

SOCIALLY RESPONSIBLE INVESTING

OUR INTERNATIONAL EQUITY PORTFOLIO MANAGEMENT TEAM

LEILA B. HECKMAN, PH.D. Managing Director, Senior Portfolio Manager • Over 20 years of experience

JOHN J. MULLIN, PH.D. Managing Director, Senior Portfolio Manager • Over 20 years of experence

VIJAY K. CHOPRA, PH.D., CFA Portfolio Manager • 20 years of experience

American Depository Receipts (ADRs): Receipts for shares of a foreign-based corporation held in the vault of a U.S. bank.

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Heckman Global Advisors.Specialists in country allocation.

Heckman Global Advisors, a division of The Roosevelt

Investment Group, Inc., is a provider of award-winning

global equity research utilized worldwide by premier money

managers, institutional investors, hedge funds and private

equity investors. Established in 1994, the team is led by

Founder, Dr. Leila Heckman.

Monthly research publications and interactive models are

available by subscription. Customized research is also

available. Research is presented from either a country

allocation or sector/industry allocation perspective.

Recommendations are based on qualitative analysis that

incorporates a multi-factor approach using valuation, growth,

risk and sentiment/momentum indicators.

Learn more about our equity research capabilities at

www.heckmanglobal.com.

RESEARCH PUBLICATIONS

INTERACTIVE MODELS

DYNAMIC MODELS CUSTOMIZED TO MEET CLIENTS NEEDS

Leila Heckman, Ph.D., Founder of Heckman Global Advisors, was ranked either #1 or #2 for asset allocation in Institutional Investor’s Global Teams Survey for 4 years in a row.*

*While Dr. Leila Heckman was the head of a Salomon Smith Barney research team, the team was ranked by Institutional Investors’ Global Research Team Surveys for Asset Allocation as 2nd in 1999, 2nd in 2000, 1st in 2001, and 2nd in 2002, and was ranked 1st for Quantitative Analysis in 2000.

Manager is solely responsible for the content of its website. The sponsor/broker dealer firm has not reviewed or verified the accuracy or completeness of its content and is not responsible for any statements included therein.

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We work closely with individual clients, institutions,

and financial advisors to help achieve greater financial

success.

Roosevelt’s team of regional directors establish strong

advisor and institutional relationships by offering a

consultative approach to helping them meet their

clients’ needs. This team has an average of sixteen

years of experience and is supported by a sophisticated

internal sales force. They are always available to

provide updates on Roosevelt’s extensive selection of

investment strategies.

In addition, the Roosevelt Private Client Group has

a team of professionals dedicated to managing

relationships with the firm’s individual investor base.

This team is committed to providing a personalized

service experience and is responsible for advising on

various aspects of their clients’ investments. They strive

to educate through a variety of communication means

including in-person meetings, frequent telephone calls,

written market commentary, website blog postings, and

quarterly conference calls.

Decades of experience in managing investments across

multiple market cycles have taught us the importance

of quality client service. We take great pride in our

firm’s intellectual capital and seek to communicate the

insight of our investment professionals with our clients.

Client Service Comes First. We work together to achieve success.

We believe we are stewards to our clients’ wealth.

We understand this position

cannot be taken lightly and stand

committed to provide client service that is

based on integrity and built on trust.

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We are committed to delivering quality results to our clients with the highest level of transparency.The Roosevelt Investment Group, Inc. is a privately held, unaffiliated boutique investment

management firm. As a registered investment adviser with the U.S. Securities and Exchange

Commission since 1991, we provide full disclosure on our business practices and fee arrangements.

We have a dedicated team of compliance professionals that enforces an internal control environment

and compliance regime. Pursuant to SEC Rules 204A-1 of the Advisers Act of 1940 and 17(j)-1

of the Investment Company Act of 1940, Roosevelt maintains a Code of Ethics. Our employees

adhere to this Code of Ethics, as well as additional compliance policies and procedures.

The Roosevelt Investment Group, Inc. claims compliance with the Global Investment Performance

Standards (GIPS®). Our firm has been verified by an independent third party who reviews our

processes and procedures concerning these standards. The verification reports are available

upon request. To receive a list of composite descriptions, a GIPS® compliant presentation,

or a copy of our Code of Ethics, please contact our Internal Sales Team at 646-452-6742, or

internalsales@rooseveltinvestments.com.

A Boutique Investment Manager.Rooted in a culture of compliance.

OUR COMPLIANCE TEAM

STEVEN WEISS, ESQ. General Counsel, Chief Administrative Officer, Chief Compliance Officer

JAMES CULLEN Compliance Manager

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For More Information.Contact us today to learn more.

Individual Investors

Please contact:

Corie Gabriel, Investment Counselor

Tel: (646) 452-6741

cgabriel@rooseveltinvestments.com

Institutional Investors

Please contact:

James C. Rogers, CIMA®

Managing Director, National Sales Manager

Tel: (646) 452-6714

jrogers@rooseveltinvestments.com

Financial Advisors

Please contact our Sales Desk:

Tel: (646) 452-6742

internalsales@rooseveltinvestments.com

www.rooseveltinvestments.com

Manager is solely responsible for the content of its website. The sponsor/broker dealer firm has not reviewed or verified the accuracy or completeness of its content and is not responsible for any statements included therein.

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