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Representative Client ListPUBLIC FUNDSAddison Police, ILCity of Annapolis Police and FF, MDArkansas Local Police & FF, ARArkansas State Highway Employees, ARCity of Atlanta GE, GACity of Atlanta Police & FF, GATown of Bay Harbor Islands ERS, FLBerwyn Police & FF, ILCity of Bloomington Police, ILCity of Boynton Beach GE, FLBuffalo Grove Police, ILCity of Cape Coral Police & FF, FLCapital Metropolitan TransportationAuthority Retirement Plan, TXChicago FF Annuity & Benefit, ILChicago Municipal Annuity & Benefit, ILChicago Public Schools, ILChicago Transit Authority, ILColorado FF & Police, COCook County Employees' & Officers'College of Micronesia Land Grant, FMCoral Gables Retirement System, FLCity of Coral Springs FF, FLCity of Coral Springs Police, FLCity of Corpus Christi FF, TXAnnuity & Benefit, ILDallas Area Rapid Transit, TXDFW International Airport, TXTown of Davie Police, FLTown of Davie FF, FLCity of Deerfield Beach Police, FLCity of Deerfield Beach FF, FLCity of DeLand Police, FLDelray Beach Police, FF & GE, FLCity of Detroit Health Care Trust, MIDetroit Retirement Protection Trust, MIDes Plaines FF & Police, ILDukes County, MAEast Bay Munipical Utility District ERS, CAERS of Baltimore County, MDERF of the City of Dallas, TXEnglewood FF, FLCity of Evanston Police, ILCity of Evanston FF, ILFairfax County Uniformed RS, VACity of Ft. Lauderdale GE, FLCity of Ft. Myers Police, FLCity of Ft. Walton Beach GE, FLCity of Ft. Walton Beach Police, FLCity of Ft. Walton Beach FF, FLFSM Social Security Administration, FMGeneral RS of the City of Detroit, MIGovernment of Guam, GUGreater Orlando Aviation Authority, FLCity of Hialeah FF, FLHoffman Estates FF Pension, ILCity of Hollywood FF, FLCity of Hollywood Police, FLIllinois State Board of Investments, ILIllinois Student Assistance Commission, ILJackson County ERS, MICity of Jacksonville Beach ERS, FLLake Bluff Police, ILCity of Lake Worth FF, FLCity of Lakeland, FLLantana FF, FLLantana Police Relief, FLLemont Police, ILLubbock FF, TXMacon-Bibb County, GAMarianas Public Land Trust, MPMatteson FF, ILMedford Retirement System, MACity of Melbourne Police & FF, FLMetropolitan Water ReclamationDistrict, ILMiami GE' & Sanitation ERS, FLCity of Miramar Police, FLMunicipality Of Anchorage, AKMWRA Employees' RS, MANC Association of CountyCommissioners, NCCity of New Port Richey Police, FLCity of North Miami Beach GE, FLCity of North Miami Beach Police & FF, FLCity of North Miami GE, FLCity of North Miami Police, FLCity of North Port Police, FLNorthern Marianas College, MPCity of Oakland Park Police & FF, FLCity of Ocoee Police & FF, FLOklahoma FF, OKTown of Orange Park Police, FLOrlando Utilities Commission, FLCity of Ormond Beach Police, GE & FF, FLOverland Park Police, KSTown of Palm Beach, FLPalm Beach County FF, FLCity of Palm Beach Gardens FF, FLVillage of Palatine Police, ILVillage of Palm Springs Police & GE, FLCity of Pembroke Pines OPEB Trust, FLPennsylvania Turnpike Commission RetireeMedical Trust, PACity of Pensacola GE & FF, FLPhiladelphia Gas Works, PACity of Pinellas Park Police & GE, FLCity of Plantation Police, FLPolicemen's Annuity and Benefit Fundof Chicago, ILCity of Pontiac Police & FF, MIPort Authority of New York and New JerseyRetiree Health Benefits Trust, NYPrince George’s County Police & FF, MDPrince William County Police, VACity of Punta Gorda Police & GE, FLRantoul Police, ILRepublic of Palau Civil Service, PalauRepublic of Palau COFA Trust Fund, PalauRiver Forest Police, ILRiviera Beach GE, FLCity of Riviera Beach Police, FLRoad Commission for Oakland County, MICity of Roanoke, VACity of Rockledge Police, GE & FF, FLCity of Sanford FF, FLCity of Sanford Police, FLCity of Sarasota Police, FLCity of Sebring Police, FLCity of St. Cloud Police & FF, GE, FLCity of St. Louis FF, MOSt. Petersburg Police, FLSouth Walton Fire Control District FF, FLState Universities RS, ILCity of Sunrise Police, FLCity of Tamarac FF, FLCity of Tarpon Springs Police, FLCity of Taylor GE Retirement System, MITeachers’ Retirement System, ILCity of Temple Terrace Police & FF, FLCity of Titusville Police & FF, FLUrbana Police, ILUtrik Atoll, Marshall Islands, MHCity of Venice FF, FLCity of Venice Police, FLCity of Vero Beach Police, FLVillage of Tequesta Public SafetyOfficers, FLCity of West Palm Beach Police, FLCity of West Palm Beach GE, FLCity of West Palm Beach FF, FLWestchester Police, ILCity of Westland Police & FF, MICity of West Melbourne Police, FLCity of Wilton Manors GE, FLWinnetka Illinois Police & FF, ILCity of Winston-Salem, NCCity of Winter Garden GE, Police & FF, FLCity of Winter Haven Police, FLWood Dale Police, ILThe Woodlands FF RetirementSystem, TXYap State Trust Fund, FMYorktown Independent School District, TXCORPORATE NON-ERISAAir Force Association, VAAmerican Baptist Home MissionSociety, PAAmerican Speech-Language-HearingAssociation, MDAmerican Quarter Horse Association, TXAmerilodge Group LLC, MIAOA Deposit and Loan Fund, GAArchbold Medical Center, Inc., GAArchdiocese of Portland, ORAttorney’s Liability Assurance Society, ILBanner Health, AZBedford Fund, QUEBethesda Inc., OHBrooklyn Museum, NYCatholic Education of North Georgia, GACentury Insurance Company, GUChurch Extension Fund of the MichiganDistrict, MICity Public Service DecommissioningTrust, TXConstruction Association of Michigan, MICrime Stoppers of Houston, TXFSM Development Bank, FMJohn P. McGovern Museum of Health &Medical Science, TXKEW Management Investor, NYMaryland Insurance Trust, MDMicronesia Conservation Trust, FMNaples Community Hospital HealthCareSystem, FLOperators Reinsurance Company, CIPacific Indemnity Insurance Company, GUParadigm Indemnity Corporation, ORPheasants Forever, MNRoman Catholic Archdiocese of Atlanta, GASpecialty Equipment Market Assoc., CAStetson University, Inc., FLStrategic Investment Fund for La Raza, DCSt. Ignatius College Prep, ILSuperior Enterprise Holdings, Inc., MISweeny Community Hospital, TXTerrapin Insurance Company, CIUniversity Athletic Association, Inc., GAUniversity of Maryland Medical SystemPool, MDUnion Presbyterian Seminary, VAUnited Board For Christian HigherEducation in Asia, NYUnited Regional Health Care System, TXThe Walters Art Gallery, MDWistar Institute of Anatomy and Biology, PAThe Widows Corporation, PACORPORATE ERISAAtmos Energy Corporation, TXD.W. McMillan Hospital/ EscambiaCounty Healthcare, ALDimension Assurance LTD, CIDimensions Health Corporation PensionPlan, MDEmergency Medicine Professional AssuranceRisk Corporation, FLH.N.S. Management Co., Inc, CTIntegris Health, Inc., OKMillers Group, TXNissan Motor Co., Ltd., TNOperators Reinsurance Company, KYRoman Catholic Archdiocese of Atlanta, GASTP Nuclear Operation Company, TXSulzer Pumps (US) Inc., TXUniversity Athletic Association, GAUniversity of Maryland Medical SystemTrust, MDENDOWMENTS/FOUNDATIONSAmerican Quarter Horse Foundation, TXArkansas Tech University Foundation, ARBakersfield College Foundation, CABaptist Health Foundation ofSan Antonio, TXBarnabas Foundation Common Trust, ILBoard of Higher Education and Ministry,The United Methodist Church, TNThe Boyd and Joan Kelley CharitableFoundation, TXBriarwood-Brookwood, Inc., TXCatholic Community Foundation ofMinnesota, MNCatholic Foundation of Oklahoma, OKCharles Hayden Foundation, NYChildren's Home Foundation, TXCommunity Foundation of Greater Flint, MIThe Community Foundation of Herkimer &Oneida Counties, TXCommunity Foundation for NortheastFlorida, Inc., FLCurtis Institute of Music, PAE. Rhodes and Leona B. CarpenterFoundation, PAEast Bay Community Foundation, CAEast Texas Medical Center Foundation, TXEmbry Riddle Aeronautical University, FLFlorida A&M University Foundation, FLFort Hays State University, KSGilbert Family Foundation, MIGreater Milwaukee Foundation, MIGuam Community CollegeFoundation, GUHartford Foundation for Public Giving, CTInternational Retinal ResearchFoundation Inc., ALJewish Senior Life Foundation, NYLouisiana Baptist Foundation, LAMarin Community Foundation, CAMary Institute & St. Louis Country DaySchool, MOMary Louise Curtis Bok Foundation, PAMcDaniel College, Inc., MDThe Medical Foundation of NorthCarolina, NCMedical University of South CarolinaFoundation, SCNorthfield Mount Hermon School, MARacine Community Foundation Inc., WISan Francisco Foundation, CASan Juan Island Community Foundation, PRSarah Campbell Blaffer Foundation, TXSeattle Foundation, WAShelby County Community HealthFoundation, ALSilicon Valley Community Foundation, CASouthern Baptist Foundation, TNSpecial Operations Warrior Foundation, GATallahassee Memorial HealthCareFoundation, FLTriangle Community Foundation, NCUnited Methodist Foundation, NCUniversity of Guam Endowment, GUUniversity of Hartford, CTWestminister Canterbury, VAWhite’s Residential & Family Services, INWichita Falls Area Community Foundation, TXXavier University of Louisiana, LATAFT- HARTLEY & UNIONBricklayers of Indiana, INCentral Illinois Carpenters Retirement, ILDistrict 1199J New Jersey HealthcareEmployers, NJIBEW Local Union #129, OHIBEW Local Union #351, NJIndiana Electrical Workers PensionTrust, IDLocal 665 IATSE Annuity Fund, HIMARTA/ATU Local 732, GAThe Mason Tenders District Council of GreaterNew York and Long Island, NYPalm Tran, Inc./ATU Local 1577, GAPlumbers Local Union #68, TXSacramento Area Electrical Workers, CASan Mateo HERE, CAService Employees International UnionHealth And Welfare Fund, DCSheet Metal, Air, Rail, and TransportationAssociation Local #33, OHSheet Metal Workers Health Plan, CATeamsters Union Local NO. 35, NJWMATA/ Local 922 Retirement Plan, DCOTHERAmerican Beacon Garcia Hamilton QualityBond Fund (Mutual Fund), TXBivium Capital Partners, LLC, CAClients who have retained GH&A for 10 years or more are noted in green. This representative client list is provided for informational purposes only and should not be construed as an endorsement of ourservices. These clients were chosen for name recognition and may be invested in products other than those included in the presentation.5

Investment GoalInvestment GoalOur goal is to outperform the benchmark, net of fees, over a full market cycleusing a high-quality strategy with less risk and an ESG focus. By setting realisticexpectations, we avoid taking unnecessary risks.Achieving our goal is centered around several core principles: Preserve Principal Maintain Liquidity Provide High Current Income Be Responsible Citizens (ESG)Key Tools: Sector Rotation Controlled Interest Rate Anticipation Yield Curve Positioning6

Fixed Income – Aggregate Composite ReturnsPreliminaryComparative Annualized Rates of ReturnFor periods ending September 30, 1 Yr3 Yrs5 Yrs7 Yrs10 Yrs15 YrsInception GG*GH&A Gross of H&A Net of loomberg Barclays US .73%Periods longer than 12 months are annualized.*Gilbert Garcia management inception March 31, 2002.Additional information is in the performance disclosure.Source: Bloomberg BarclaysAwards/rankings may not represent client experiences and are not indicative of future performance. Go to www.garciahamiltonassociates.com/awards/ for additional information on each award.7

Fixed Income – Intermediate Aggregate Composite ReturnsComparative Annualized Rates of ReturnFor periods ending September 30, 2020Preliminary6%5%4%3%2%1%0%QTDYTD1 Yr3 Yrs5 Yrs7 Yrs10 YrsInception*GH&A Gross of Fees0.57%5.17%5.53%4.23%3.45%3.76%3.87%4.92%GH&A Net of erg Barclays US Int. Inception December 31, 2007. Periods longer than 12 months are annualized.Additional information is in the performance disclosure.Source: Bloomberg BarclaysAwards/rankings may not represent client experiences and are not indicative of future performance. Go to www.garciahamiltonassociates.com/awards/ for additional information on each award.8

Fixed Income – Government/Credit Composite ReturnsComparative Annualized Rates of ReturnFor periods ending September 30, 2020Preliminary9%8%7%6%5%4%3%2%1%0%QTDYTD1 Yr3 Yrs5 Yrs7 Yrs10 Yrs15 YrsInception*GH&A Gross of H&A Net of loomberg Barclays US %4.52%*Inception December 31, 2004. Periods longer than 12 months are annualized.Additional information is in the performance disclosure.Source: Bloomberg BarclaysAwards/rankings may not represent client experiences and are not indicative of future performance. Go to www.garciahamiltonassociates.com/awards/ for additional information on each award.9

Fixed Income Composite Performance SummaryComparative Annualized Rates of Return - PreliminaryFor periods ending September 30, 2020QTDYTD1 Year3 Years5 Years7 Years10 Years15 YearsInceptionto Date# PortfoliosAssets inMillionsIntermediate Govt/Credit - Gross of Fees*Gilbert Garcia Inception March 51,883Intermediate Govt/Credit - Net of 51,883Bloomberg Barclays US Int. %4.16%N/AN/AShort Duration Government – Gross of Fees*Inception December 67Short Duration Government – Net of 67Bloomberg Barclays US 1-3 Year /AN/AShort Duration Opportunistic - Gross of Fees*Inception March Short Duration Opportunistic - Net of Bloomberg Barclays US 1-3 Year N/AShort Duration Govt./Credit – Gross of Fees*Inception September hort Duration Govt/Credit – Net of loomberg Barclays US 1-3 Year 7%N/AN/AUnconstrained Bond – Gross of Fees*Inception March nconstrained Bond – Net of loomberg Barclays U.S. TreasuryBellwether N/AN/APeriods longer than 12 months are annualized.Additional information is in the performance disclosure.10

DiversityDiversity is a central theme throughout the entire firm Certified as a MBE in several states 90% of the firm owned by minority and female partners 61% owned by minority partners and 53% owned by Hispanic partners 88% of employees are ethnic minorities and women Executed over 60% of brokerage volume with MBE/MWBE/veteran firms over the past several years We also work with many minority and women-owned vendors in the areas of: Office Supplies, Temporary Staffing Services, Travel, Accounting, A

City of DeLand Police, FL City of Oakland Park Police & FF, FL Officers, FL St. Ignatius College Prep, IL Curtis Institute of Music, PA Local 665 IATSE Annuity Fund, HI Delray Beach Police, FF & GE, FL City of Ocoee Police & FF, FL City of West Palm Beach Police, FL Superior Enterprise Hold