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IPI Wealth ManagementTable of ContentsIntelligent Portfolios (Qualified)Intelligent Portfolios (Non-Qualified)Small Account Portfolios (Qualified)Small Account Portfolios (Non-Qualified)ESG PortfoliosIncome Model Portfolios (Qualified)Income Model Portfolios (Non-Qualified)3456789Model Portfolio Performance Summary10Int Port Qual Fixed IncomeInt Port Qual ConservativeInt Port Qual Mod. ConservativeInt Port Qual ModerateInt Port Qual Mod. AggressiveInt Port Qual AggressiveInt Port Qual Equity13151719212325Int Port Non-Qual Fixed IncomeInt Port Non-Qual ConservativeInt Port Non-Qual Mod. ConservativeInt Port Non-Qual ModerateInt Port Non-Qual Mod. AggressiveInt Port Non-Qual Aggressive272931333537Small Account Qual ConservativeSmall Account Qual ModerateSmall Account Qual Aggressive394143Small Account Non-Qual ConservativeSmall Account Non-Qual ModerateSmall Account Non-Qual Aggressive454749ESG Port ConservativeESG Port ModerateESG Port Aggressive515355Income Port Qual Ultra ConservativeIncome Port Qual ConservativeIncome Port Qual ModerateIncome Port Qual Aggressive57596163Income Port Non-Qual Ultra ConservativeIncome Port Non-Qual ConservativeIncome Port Non-Qual ModerateIncome Port Non-Qual Aggressive65676971Active Fund Fact SheetsAMG GW&K Municipal Bond IBaird Core Plus Bond InstBaird Short-Term Bond InstBNY Mellon Opportunistic Municipal Scs IBNY Mellon Strategic Muni BondBoston Partners All Cap Value InstlCalvert Equity ICalvert International Equity ICalvert Short Duration Income ICalvert Small-Cap IClearBridge Large Cap Growth IFidelity Limited Term Bond ETFGoldman Sachs Dynamic Municipal Inc InstHartford Schroders International Stk IHood River Small-Cap Growth InstlInvesco Limited Term Municipal Income YJanus Henderson Global Equity Income IMFS International Growth INuveen Municipal Credit IncomeParnassus Mid Cap InstitutionalPear Tree Polaris Foreign Value InstlPGIM High Yield ZPIMCO Active Bond ETFPIMCO Income InstlPIMCO Intermediate Municipal Bd Actv ETFPIMCO Total Return ESG InstitutionalRiverNorth Doubleline Strategic Inc ITCW Emerging Markets Income ITIAA-CREF Core Impact Bond InstlVanguard Dividend Growth InvVirtus AllianzGI Income & Growth InstVirtus Divid, Interest & PremVirtus Seix Floating Rate High Inc IWestwood Quality SmallCap Fund sive Fund Performance Summary175
IPI Wealth Management Intelligent Portfolios (Qualified)TickerAsset ClassNameM:SBLYXLarge GrowthClearBridge Large Cap Growth IM:VDIGXLarge BlendVanguard Dividend Growth InvM:BPAIXLarge ValueBoston Partners All Cap Value InstlLarge CapM:HRSMXM:WHGSXSm/Mid CapSmall GrowthSmall BlendMod. od. %85.0%98.0%13.7%9.3%7.6%5.4%Hood River Small-Cap Growth InstlWestwood Quality SmallCap Fund InstUS EquityM:MQGIXForeign Large GrowthM:QFVIXForeign Large ValueNon-US EquityFix Inc Conservative5.0%5.0%5.0%0.0%15.0%MFS International Growth IPear Tree Polaris Foreign Value InstlEquityM:BCOIXM:PIMIXIntermediate Core-Plus BondMultisector BondBaird Core Plus Bond InstPIMCO Income XShort-Term BondBaird Short-Term Bond Inst26.0%19.0%15.1%9.9%M:SAMBXM:TGEIXBank LoanEmerging Markets BondVirtus Seix Floating Rate High Inc ITCW Emerging Markets Income I4.0%4.0%3.0%3.0%2.4%2.4%1.6%1.6%Cash & Cash EqMoney MarketFixed 0.0%100.0%100.0%3
IPI Wealth Management Intelligent Portfolios (Non-Qualified)TickerAsset ClassNameM:SBLYXLarge GrowthClearBridge Large Cap Growth IM:VDIGXLarge BlendVanguard Dividend Growth InvM:BPAIXLarge ValueBoston Partners All Cap Value InstlLarge CapM:HRSMXM:WHGSXSm/Mid CapSmall GrowthSmall BlendMod. od. %85.0%98.0%13.7%9.3%7.6%5.4%Hood River Small-Cap Growth InstlWestwood Quality SmallCap Fund InstUS EquityM:MQGIXForeign Large GrowthM:QFVIXForeign Large ValueNon-US EquityFix Inc Conservative5.0%5.0%5.0%0.0%15.0%MFS International Growth IPear Tree Polaris Foreign Value InstlEquityM:GWMIXM:DMBVXMuni National IntermMuni National IntermAMG GW&K Municipal Bond IBNY Mellon Opportunistic Municipal Scs i National ShortInvesco Limited Term Municipal Income Y26.0%19.0%15.1%9.9%M:SAMBXM:TGEIXBank LoanEmerging Markets BondVirtus Seix Floating Rate High Inc ITCW Emerging Markets Income I4.0%4.0%3.0%3.0%2.4%2.4%1.6%1.6%Cash & Cash EqMoney MarketFixed 0.0%100.0%100.0%4
IPI Wealth Management Small Account Portfolios (Qualified)TickerAsset ClassNameVOORSPLarge CapLarge BlendLarge BlendVanguard S&P 500 ETFInvesco S&P 500 Equal Weight ETFVBSm/Mid CapSmall BlendVanguard Small-Cap ETFUS EquityFPXIForeign Large GrowthVEUForeign Large BlendNon-US EquityFirst Trust International Eq Opps ETFVanguard FTSE All-Wld ex-US 12.0%18.0%25.0%60.0%85.0%GVIBONDIntermediate Core BondIntermediate Core-Plus BondiShares Intermediate Govt/Crdt Bd ETFPIMCO Active Bond ETF23.4%22.3%12.0%11.6%5.4%FLTBShort-Term BondFidelity Limited Term Bond ETF21.3%10.4%7.6%FTSLFEMBBank LoanFirst Trust Senior Loan ETFEmerging-Markets Local-Currency BondFirst Trust Emerging Mkts Lcl Ccy Bd 0%100.0%100.0%Cash & Cash EqFixed IncomeTotalMoney Market5
IPI Wealth Management Small Account Portfolios (Non-Qualified)TickerAsset ClassNameVOORSPLarge CapLarge BlendLarge BlendVanguard S&P 500 ETFInvesco S&P 500 Equal Weight ETFVBSm/Mid CapSmall BlendVanguard Small-Cap ETFUS EquityFPXIForeign Large GrowthVEUForeign Large BlendNon-US EquityFirst Trust International Eq Opps ETFVanguard FTSE All-Wld ex-US 12.0%18.0%25.0%60.0%85.0%MUBMUNIMuni National IntermMuni National IntermiShares National Muni Bond ETFPIMCO Intermediate Municipal Bd Actv ETF23.4%22.3%12.0%11.6%5.4%SHMMuni National ShortSPDR Nuveen Blmbg Barclays ST MunBd ETF21.3%10.4%7.6%FTSLFEMBBank LoanFirst Trust Senior Loan ETFEmerging-Markets Local-Currency BondFirst Trust Emerging Mkts Lcl Ccy Bd 0%100.0%100.0%Cash & Cash EqFixed IncomeTotalMoney Market6
IPI Wealth Management ESG Portfolios (Qualified)TickerAsset ClassNameM:CEYIXESGULarge CapLarge GrowthLarge BlendCalvert Equity IiShares ESG Aware MSCI USA ETFM:CSVIXM:PFPMXSm/Mid CapSmall BlendMid-Cap BlendCalvert Small-Cap IParnassus Mid Cap InstitutionalUS EquityM:CWVIXForeign Large GrowthM:SCIEXForeign Large BlendNon-US EquityCalvert International Equity IHartford Schroders International Stk SBIXM:PTSAXIntermediate Core BondIntermediate Core-Plus BondTIAA-CREF Core Impact Bond InstlPIMCO Total Return ESG Term BondCalvert Short Duration Income I27.3%14.4%7.6%Cash & Cash EqMoney 0%Fixed IncomeTotal7
IPI Wealth Management Income Portfolios (Qualified)TickerAsset ClassNameDist YldUltra Cons. Foreign Large ValueDerivative IncomeAllocation--30% to 50% EquityMINTM:BCOIXUltrashort BondIntermediate Core-Plus BondPIMCO Enhanced Short Maturity Active ETFBaird Core Plus Bond 20.0%SCHRIntermediate GovernmentSchwab Intermediate-Term US Trs ETF 1.11%1.11%5.00%4.0%3.0%FTSLM:TGEIXM:RNSIXBank LoanEmerging Markets BondMultisector BondFirst Trust Senior Loan ETFTCW Emerging Markets Income IRiverNorth Doubleline Strategic Inc 7.0%15.0%7.0%9.0%Fixed 81%3.66%5.46%Cash & Cash EqTTM Dividend YieldDistribution YieldJanus Henderson Global Equity Income IVirtus Divid, Interest & PremVirtus AllianzGI Income & Growth InstDiv Yld TTM8
IPI Wealth Management Income Portfolios (Non-Qualified)TickerAsset ClassNameDist YldUltra Cons. IXEquityForeign Large ValueDerivative IncomeAllocation--30% to 50% EquityM:VWSTXM:GWMIXMuni National ShortMuni National IntermVanguard Short-Term Tx-ExAMG GW&K Municipal Bond I0.82%1.39%M:VWLTXMuni National LongVanguard Long-Term Tax-ExemptDSMNZFM:TGEIXHigh Yield MuniMuni National LongEmerging Markets BondBNY Mellon Strategic Muni BondNuveen Municipal Credit IncomeTCW Emerging Markets Income ICash & Cash EqJanus Henderson Global Equity Income IVirtus Divid, Interest & PremVirtus AllianzGI Income & Growth InstDiv Yld .0%10.0%10.0%6.0%Fixed 36%3.71%5.49%TTM Dividend YieldDistribution Yield9
IPI Wealth ManagementModel Portfolio Performance 1/1/20216/30/20211 Yr7/1/20206/30/2021Since Incept4/1/20206/30/2021Fixed Income Allocation: QualifiedIPI Int. Port. Q-Fixed IncIPI MPT Q-Fixed Inc. vative Allocation: QualifiedIPI ESG ConservativeIPI ETF Q-ConservativeIPI Int. Port. Q-ConservativeIPI MPT Q-Cons. 611.159.8013.599.8316.2513.8018.8513.70Mod. Conservative Allocation: QualifiedIPI Int. Port. Q-Mod. ConservativeIPI MPT Q-Mod. Cons. erate Allocation: QualifiedIPI ESG ModerateIPI ETF Q-ModerateIPI Int. Port. Q-ModerateIPI MPT Q-Mod. 823.4723.2527.6521.5931.4829.1935.2727.78Mod. Aggressive Allocation: QualifiedIPI Int. Port. Q-Mod. AggressiveIPI MPT Q-Mod. Agg. gressive Allocation: QualifiedIPI ESG AggressiveIPI ETF Q-AggressiveIPI Int. Port. Q-AggressiveIPI MPT Q-Agg. 0.8432.8533.3338.4632.8243.1840.8448.0241.4710
IPI Wealth ManagementModel Portfolio Performance 1/1/20216/30/20211 Yr7/1/20206/30/2021Since Incept4/1/20206/30/2021Equity Allocation:IPI Int. Port. EquityIPI MPT -Equity ixed Income Allocation: Non-QualifiedIPI Int. Port. NQ-Fixed IncIPI MPT NQ-Fixed Inc. ative Allocation: Non-QualifiedIPI ETF NQ-ConservativeIPI Int. Port. NQ-ConservativeIPI MPT NQ-Cons. 2.5014.2317.2215.73Mod. Conservative Allocation: Non-QualifiedIPI Int. Port. NQ-Mod. ConservativeIPI MPT NQ-Mod. Cons. erate Allocation: Non-QualifiedIPI ETF NQ-ModerateIPI Int. Port. NQ-ModerateIPI MPT NQ-Mod. 3.2629.4434.3529.07Mod. Aggressive Allocation: Non-QualifiedIPI Int. Port. NQ-Mod. AggressiveIPI MPT NQ-Mod. Agg. gressive Allocation: Non-QualifiedIPI ETF NQ-AggressiveIPI Int. Port. NQ-AggressiveIPI MPT NQ-Agg. 3433.4841.0247.4941.9911
IPI Wealth ManagementModel Portfolio Performance 1/1/20216/30/20211 Yr7/1/20206/30/2021Since 5.728.02Income: Moderate: Non-QualifiedIPI Income NQ-ModerateIPI Inc. NQ-Mod. come: Moderate: QualifiedIPI Income Q-ModerateIPI Inc. Q-Mod. come: Aggressive: Non-QualifiedIPI Income NQ-AggressiveIPI Inc. NQ-Agg. come: Aggressive: QualifiedIPI Income Q-AggressiveIPI Inc. Q-Agg. come: Conservative: Non-QualifiedIPI Income NQ-ConservativeIPI Inc. NQ-Cons. BmkIncome: Conservative: QualifiedIPI Income Q-ConservativeIPI Inc. Q-Cons. Bmk12
IPI Int. Port. Q-Fixed IncAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Fixed Inc1.660.274.29——10.19IPI MPT Q-Fixed Inc. Bmk0.87-0.530.714.062.423.27Calendar Year ReturnsIPI Int. Port. Q-Fixed IncIPI MPT Q-Fixed Inc. 2-0.283.174.25Risk / Return 1 YearRisk / Return 3 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2018 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvBmkInvBmkInvBmk10.193.271.87 Std Dev3.121.810.00 Alpha3.510.00—1.00 Beta1.691.00—0.00 Tracking Error1.390.00Return4.290.71 Return—4.06 ReturnStd Dev2.381.48 Std Dev—Alpha3.160.00 Alpha—Beta1.551.00 BetaTracking Error1.000.00 Tracking ErrorInformation Ratio3.56Up Capture %224.51— Information Ratio—— Information Ratio100.00 Up Capture %—100.00 Up Capture %3.93—222.43100.00Down Capture %74.81100.00 Down Capture %—100.00 Down Capture %74.81100.00Max Drawdown-1.37-1.39 Max Drawdown—-1.39 Max Drawdown-1.37-1.39Source: Morningstar Direct13
IPI Int. Port. Q-Fixed IncAs of 6/30/2021TickerAlloc (%)Ret YTDBaird Core Plus Bond InstBCOIX38.00-1.03Baird Short-Term Bond InstBSBIX26.000.07PIMCO Income InstlPIMIX26.001.84TCW Emerging Markets Income ITGEIX4.00-1.30Virtus Seix Floating Rate High Inc ISAMBX4.003.75Vanguard Cash Rsrv Federal MnyMktAdmiralVMRXX2.000.01SnapshotFixed Income orate27.98Securitized20.410.05Cash & Cash Eq18.0421.21US Equity0.211.00 GovernmentNon-US Equity0.711.09Bond88.0476.30Cash6.9320.60Other12 Mo YieldAverage Eff Duration4.112.684.131.324.13DerivativeBmkMarket Cap Giant0.0044.68Market Cap Large62.7733.01 Cons. StplMarket Cap Mid24.8611.03 EnergyFinancials7.53Healthcare3.74 IndustrialsMarket Cap Micro3.9235.65Equity Style Growth %11.94Equity Style Value %52.41Source: Morningstar 5.450.00B5.800.00Below 1399.780.220.00AAAComm. SrvcCons. Disc.40.00 Info. Tech.Materials30.24Real Estate29.75 UtilitiesA0.00 Not RatedRegional ExposureInvInv8.45Bmk26.65 BBBGICS SectorsMarket Cap SmallInvAA1.01Equity StyleEquity Style Core %Credit 42.94AmericasNorth AmericaLatin AmericaGreater EuropeUnited KingdomEurope devEurope emrgAfrica/Middle EastGreater AsiaAustralasiaJapanAsia devAsia emrgDeveloped MarketsEmerging MarketsNot Classified14
IPI Int. Port. Q-ConservativeAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Conservative2.963.7413.59——24.10IPI MPT Q-Cons. Bmk2.462.769.837.505.9117.40Calendar Year .553.756.546.573.28IPI Int. Port. Q-ConservativeIPI MPT Q-Cons. BmkRisk / Return 1 YearRisk / Return 3 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2018 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvReturn13.59BmkInvBmk9.83 Return—7.50 ReturnInvBmk24.1017.40Std Dev5.094.47 Std Dev—5.01 Std Dev5.684.83Alpha2.210.00 Alpha—0.00 Alpha2.370.00Beta1.131.00 Beta—1.00 Beta1.171.00Tracking Error0.870.00 Tracking Error—0.00 Tracking Error1.060.00Information Ratio4.33Up Capture %127.62— Information Ratio—— Information Ratio100.00 Up Capture %—100.00 Up Capture %4.86—129.64100.00Down Capture %85.03100.00 Down Capture %—100.00 Down Capture %85.03100.00Max Drawdown-1.26-1.66 Max Drawdown—-4.60 Max Drawdown-1.26-1.66Source: Morningstar Direct15
IPI Int. Port. Q-ConservativeAs of SAMBXHRSMXMQGIXQFVIXWHGSXVMRXXBaird Core Plus Bond InstBaird Short-Term Bond InstPIMCO Income InstlBoston Partners All Cap Value InstlClearBridge Large Cap Growth IVanguard Dividend Growth InvTCW Emerging Markets Income IVirtus Seix Floating Rate High Inc IHood River Small-Cap Growth InstlMFS International Growth IPear Tree Polaris Foreign Value InstlWestwood Quality SmallCap Fund InstVanguard Cash Rsrv Federal MnyMktAdmiralSnapshotFixed Income SectorsInvUS EquityNon-US Equity18.65Bmk6.86Bond65.8368.61Cash5.805.6212 Mo YieldAverage Eff Corporate28.05Securitized20.270.06Cash & Cash Eq18.337.734.13Equity StyleDerivativeBmkMarket Cap Giant33.8941.70Market Cap Large29.8229.33 Cons. StplMarket Cap Mid16.3911.74 EnergyFinancials11.51Healthcare5.73 IndustrialsMarket Cap Micro5.22Equity Style Core %48.50Equity Style Growth %26.06Equity Style Value %25.44Source: Morningstar 5.470.00B5.800.00Below .790.210.00AAAComm. SrvcCons. Disc.38.61 Info. Tech.Materials32.82Real Estate28.57 UtilitiesA0.00 Not RatedRegional ExposureInvInv14.69Bmk31.22 BBBGICS SectorsMarket Cap SmallInvAA0.911.52Ret 0.1722.480.01Credit QualityInv17.99 Government6.64OtherAlloc 70.892.70AmericasNorth AmericaLatin AmericaGreater EuropeUnited KingdomEurope devEurope emrgAfrica/Middle EastGreater AsiaAustralasiaJapanAsia devAsia emrgDeveloped MarketsEmerging MarketsNot Classified16
IPI Int. Port. Q-Mod. ConservativeAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Mod. Conservative3.755.8519.47——33.10IPI MPT Q-Mod. Cons. Bmk3.395.0616.179.288.0227.24Calendar Year ReturnsIPI Int. Port. Q-Mod. ConservativeIPI MPT Q-Mod. Cons. 4.3611.358.521.97Risk / Return 1 YearRisk / Return 5 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2016 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvReturn19.47Bmk16.17 ReturnInvBmk—8.02 ReturnInvBmk33.1027.24Std Dev7.126.68 Std Dev—6.28 Std Dev7.596.98Alpha2.030.00 Alpha—0.00 Alpha2.150.00Beta1.061.00 Beta—1.00 Beta1.081.00Tracking Error1.040.00 Tracking Error—0.00 Tracking Error1.100.00Information Ratio3.19Up Capture %115.38— Information Ratio—— Information Ratio100.00 Up Capture %—100.00 Up Capture %4.04—116.57100.00Down Capture %95.38100.00 Down Capture %—100.00 Down Capture %95.38100.00Max Drawdown-2.03-2.49 Max Drawdown—-8.05 Max Drawdown-2.03-2.49Source: Morningstar Direct17
IPI Int. Port. Q-Mod. ConservativeAs of MQGIXQFVIXWHGSXTGEIXSAMBXVMRXXBaird Core Plus Bond InstBaird Short-Term Bond InstPIMCO Income InstlBoston Partners All Cap Value InstlClearBridge Large Cap Growth IVanguard Dividend Growth InvHood River Small-Cap Growth InstlMFS International Growth IPear Tree Polaris Foreign Value InstlWestwood Quality SmallCap Fund InstTCW Emerging Markets Income IVirtus Seix Floating Rate High Inc IVanguard Cash Rsrv Federal MnyMktAdmiralSnapshotFixed Income te27.84Securitized20.110.06Cash & Cash Eq18.789.5529.7229.14 GovernmentNon-US Equity10.2111.10Bond52.4653.48Cash5.165.5612 Mo YieldAverage Eff Duration2.451.884.174.13Equity StyleDerivativeBmkMarket Cap Giant34.3341.72Market Cap Large29.3929.34 Cons. StplMarket Cap Mid16.2811.74 EnergyFinancials11.48Healthcare5.71 IndustrialsMarket Cap Micro5.23Equity Style Core %48.67Equity Style Growth %26.24Equity Style Value %25.09Source: Morningstar 5.490.00B5.840.00Below .790.210.00AAAComm. SrvcCons. Disc.38.60 Info. Tech.Materials32.83Real Estate28.57 UtilitiesA0.00 Not RatedRegional ExposureInvInv14.77Bmk30.60 BBBGICS SectorsMarket Cap SmallInvAA0.721.50Ret -1.303.750.01Credit QualityInvUS EquityOtherAlloc 70.812.70AmericasNorth AmericaLatin AmericaGreater EuropeUnited KingdomEurope devEurope emrgAfrica/Middle EastGreater AsiaAustralasiaJapanAsia devAsia emrgDeveloped MarketsEmerging MarketsNot Classified18
IPI Int. Port. Q-ModerateAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Moderate4.808.7127.65——45.88IPI MPT Q-Mod. Bmk4.166.9821.5910.669.7235.86Calendar Year ReturnsIPI Int. Port. Q-ModerateIPI MPT Q-Mod. 54.8715.4410.160.86Risk / Return 1 YearRisk / Return 3 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2018 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvReturn27.65Bmk21.59 ReturnInvInvBmk—10.66 ReturnBmk45.8835.86Std Dev9.928.54 Std Dev—10.18 Std Dev10.268.79Alpha2.090.00 Alpha—0.00 Alpha2.010.00Beta1.151.00 Beta—1.00 Beta1.161.00Tracking Error1.930.00 Tracking Error—0.00 Tracking Error1.920.00Information Ratio3.15— Information Ratio—— Information Ratio3.90—Up Capture %123.78100.00 Up Capture %—100.00 Up Capture %122.77100.00Down Capture %114.45100.00 Down Capture %—100.00 Down Capture %114.45100.00-3.16 Max Drawdown—-10.98 Max Drawdown-3.04-3.16Max DrawdownSource: Morningstar Direct-3.0419
IPI Int. Port. Q-ModerateAs of MQGIXQFVIXWHGSXVMRXXTGEIXSAMBXBaird Core Plus Bond InstBoston Partners All Cap Value InstlClearBridge Large Cap Growth IVanguard Dividend Growth InvBaird Short-Term Bond InstPIMCO Income InstlHood River Small-Cap Growth InstlMFS International Growth IPear Tree Polaris Foreign Value InstlWestwood Quality SmallCap Fund InstVanguard Cash Rsrv Federal MnyMktAdmiralTCW Emerging Markets Income IVirtus Seix Floating Rate High Inc ISnapshotFixed Income te27.31Securitized19.700.05Cash & Cash Eq19.9011.9944.4838.46 GovernmentNon-US Equity14.9714.63Bond34.6440.85Cash4.305.5112 Mo YieldAverage Eff Duration1.621.484.174.13Equity StyleDerivativeBmkMarket Cap Giant34.5741.72Market Cap Large29.1529.34 Cons. StplMarket Cap Mid16.2111.74 EnergyFinancials11.48Healthcare5.71 IndustrialsMarket Cap Micro5.24Equity Style Core %48.76Equity Style Growth %26.35Equity Style Value %24.89Source: Morningstar 5.530.00B5.940.00Below .790.210.00AAAComm. SrvcCons. Disc.38.60 Info. Tech.Materials32.83Real Estate28.57 UtilitiesA0.00 Not RatedRegional ExposureInvInv14.82Bmk29.77 BBBGICS SectorsMarket Cap SmallInvAA0.551.48Ret 0.01-1.303.75Credit QualityInvUS EquityOtherAlloc 470.772.70AmericasNorth AmericaLatin AmericaGreater EuropeUnited KingdomEurope devEurope emrgAfrica/Middle EastGreater AsiaAustralasiaJapanAsia devAsia emrgDeveloped MarketsEmerging MarketsNot Classified20
IPI Int. Port. Q-Mod. AggressiveAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Mod. Aggressive5.7010.7934.14——56.27IPI MPT Q-Mod. Agg. Bmk4.918.9327.2111.9411.3844.99Calendar Year ReturnsIPI Int. Port. Q-Mod. AggressiveIPI MPT Q-Mod. Agg. 05.3719.6711.85-0.28Risk / Return 1 YearRisk / Return 5 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2016 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvBmkReturn34.14Inv27.21 ReturnBmkInv—11.38 ReturnBmk56.2744.99Std Dev12.1210.41 Std Dev—10.16 Std Dev12.3610.63Alpha1.840.00 Alpha—0.00 Alpha1.680.00Beta1.151.00 Beta—1.00 Beta1.151.00Tracking Error2.370.00 Tracking Error—0.00 Tracking Error2.300.00Information Ratio2.92— Information Ratio—— Information Ratio3.61—Up Capture %122.23100.00 Up Capture %—100.00 Up Capture %120.63100.00Down Capture %120.47100.00 Down Capture %—100.00 Down Capture %120.47100.00-3.83 Max Drawdown—-14.24 Max Drawdown-3.79-3.83Max DrawdownSource: Morningstar Direct-3.7921
IPI Int. Port. Q-Mod. AggressiveAs of 6/30/2021TickerAlloc (%)Ret YTDBoston Partners All Cap Value InstlBPAIX15.0018.90ClearBridge Large Cap Growth ISBLYX15.0011.48Vanguard Dividend Growth InvVDIGX15.0011.10Baird Core Plus Bond InstBCOIX13.70-1.03PIMIX9.301.84Hood River Small-Cap Growth InstlHRSMX7.5020.43MFS International Growth IMQGIX7.507.70QFVIX7.5010.17Westwood Quality SmallCap Fund InstWHGSX7.5022.48Vanguard Cash Rsrv Federal MnyMktAdmiralVMRXX2.000.01PIMCO Income InstlPear Tree Polaris Foreign Value InstlSnapshotFixed Income orate20.10Securitized22.880.05Cash & Cash Eq24.5116.36US Equity55.5647.88 GovernmentNon-US Equity18.6218.26Bond20.8528.01Cash3.825.46Other12 Mo YieldAverage Eff Duration1.141.265.161.464.13DerivativeBmkMarket Cap Giant34.6341.70Market Cap Large29.1029.34 Cons. StplMarket Cap Mid16.2011.74 EnergyFinancials11.50Healthcare5.72 IndustrialsMarket Cap Micro5.2448.78Equity Style Growth %26.37Equity Style Value %24.85Source: Morningstar 3.900.00B0.200.00Below .790.210.00AAAComm. SrvcCons. Disc.38.61 Info. Tech.Materials32.82Real Estate28.57 UtilitiesA0.00 Not RatedRegional ExposureInvInv14.83Bmk28.30 BBBGICS SectorsMarket Cap SmallInvAA0.39Equity StyleEquity Style Core %Credit 0.762.70AmericasNorth AmericaLatin AmericaGreater EuropeUnited KingdomEurope devEurope emrgAfrica/Middle EastGreater AsiaAustralasiaJapanAsia devAsia emrgDeveloped MarketsEmerging MarketsNot Classified22
IPI Int. Port. Q-AggressiveAs of 6/30/2021Trailing ReturnsQTDYTD1 Year3 Years5 YearsSinceInceptIPI Int. Port. Q-Aggressive6.1812.2638.46——63.26IPI MPT Q-Agg. Bmk5.6410.8432.8213.1012.9554.29Calendar Year 8-0.045.8723.8813.50-1.41IPI Int. Port. Q-AggressiveIPI MPT Q-Agg. BmkRisk / Return 1 YearRisk / Return 3 YearsRisk / Return Since InceptTime Period: 7/1/2020 to 6/30/2021Time Period: 7/1/2016 to 6/30/2021Time Period: Since Common Inception (4/1/2020) to 6/30/2021InvBmkReturn38.46Inv32.82 ReturnBmkInv—12.95 ReturnBmk63.2654.29Std Dev13.5212.23 Std Dev—12.11 Std Dev13.7112.42Alpha1.690.00 Alpha—0.00 Alpha1.480.00Beta1.091.00 Beta—1.00 Beta1.091.00Tracking Error2.320.00 Tracking Error—0.00 Tracking Error2.200.00Information Ratio2.43— Information Ratio—— Information Ratio2.98—Up Capture %115.33100.00 Up Capture %—100.00 Up Capture %113.76100.00Down Capture %117.17100.00 Down Capture %—100.00 Down Capture %117.17100.00-4.46 Max Drawdown—-17.42 Max Drawdown-4.27-4.46Max DrawdownSource: Morningstar Direct-4.2723
IPI Int. Port. Q-AggressiveAs of 6/30/2021TickerAlloc (%)Ret YTDBoston Partners All Cap Value InstlBPAIX17.0018.90ClearBridge Large Cap Growth ISBLYX17.0011.48Vanguard Dividend Growth InvVDIGX17.0011.10Hood River Small-Cap Growth InstlHRSMX8.5020.43MFS International Growth 0-1.03PIMIX5.401.84VMRXX2.000.01Pear Tree Polaris Foreign Value InstlWestwood Quality SmallCap Fund InstBaird Core Plus Bond InstPIMCO Income InstlVanguard Cash Rsrv Federal MnyMktAdmiralSnapshotFixed Income orate18.68Securitized21.680.05Cash & Cash Eq27.5125.85US Equity62.9357.10 GovernmentNon-US Equity20.9721.79Bond12.1115.48Cash3.325.41Other12 Mo YieldA
Income Model Portfolios (Qualified) 8 Int Port_Qual Aggressive 23 BNY Mellon Strategic Muni Bond 85 Income Model Portfolios (Non-Qualified) 9 Int Port_Qual Equity 25 Boston Partners All Cap Value Instl 88 . VOO Large Blend Vanguard S&P 500 ETF 9.8% 23.4% 30.0%
