22
R. BROOKS BRYDGES 2010 THE TOWNE CENTRE GROUP - WEALTH MANAGEMENT MORGAN STANLEY SMITH BARNEY UMA Levels: 7777 FAY AVENUE, SUITE 300, LA JOLLA, CA 92037 800/423-8258 858/456-4939 619/379-5502 CELL 858/459-3164 FAX KEY: SEPARATELY MANAGED ACCOUNTS(SMA)&HEDGE FUNDS ASSET ALLOCATION FOR: INDIVIDUAL SECURITIES MUTUAL FUND MANAGERS INDICES & ETFs GLOBAL INVESTMENT COMMITTEE: MODERATE BALANCED ALLOCATION (MODEL 4 TACTICAL) CASH RESERVE: ACCOUNTS EQUITY FIXED INCOME CASH/MMF VALUE Trust (Non-Qualified Assets) 0 0 5,000,000 5,000,000 IRA (Qualified Assets) 0 0 0 0 529 College Fund 0 0 0 0 Etc…. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CURRENT TOTALS $ 0 0 5,000,000 5,000,000 CURRENT WEIGHTING % 0% 0% 100% 100% RECOMMENDED TARGET $ 3,250,000 1,450,000 300,000 5,000,000 RECOMMENDED TARGET % 65% 29% 6% 100% RECOMMENDED CHANGE $ 3,250,000 1,450,000 -4,700,000 0 Non-Discretionary Portfolios: Client Input Discretionary Portfolios: Advisor's Discretion Firm Discretionary: Investment Committee Discreti [email protected] http://fa.smithbarney.com/rbbrydges

Copy Of Brydges Master 2010

Embed Size (px)

DESCRIPTION

Global Investment Committee Moderate Balanced Accredited Client Model

Citation preview

Page 1: Copy Of Brydges Master 2010

R. BROOKS BRYDGES 2010

THE TOWNE CENTRE GROUP - WEALTH MANAGEMENT

MORGAN STANLEY SMITH BARNEY UMA Levels:

7777 FAY AVENUE, SUITE 300, LA JOLLA, CA 92037

800/423-8258 858/456-4939 619/379-5502 CELL 858/459-3164 FAX

KEY:SEPARATELY MANAGED ACCOUNTS(SMA)&HEDGE FUNDS

ASSET ALLOCATION FOR: INDIVIDUAL SECURITIES

MUTUAL FUND MANAGERS

INDICES & ETFs

GLOBAL INVESTMENT COMMITTEE: MODERATE BALANCED ALLOCATION (MODEL 4 TACTICAL)CASH RESERVE:

ACCOUNTS EQUITY FIXED INCOME CASH/MMF VALUE

Trust (Non-Qualified Assets) 0 0 5,000,000 5,000,000 IRA (Qualified Assets) 0 0 0 0529 College Fund 0 0 0 0Etc…. 0 0 0 0

0 0 0 00 0 0 00 0 0 0

CURRENT TOTALS $ 0 0 5,000,000 5,000,000CURRENT WEIGHTING % 0% 0% 100% 100%

RECOMMENDED TARGET $ 3,250,000 1,450,000 300,000 5,000,000RECOMMENDED TARGET % 65% 29% 6% 100%

RECOMMENDED CHANGE $ 3,250,000 1,450,000 -4,700,000 0

Non-Discretionary Portfolios: Client Input

Discretionary Portfolios: Advisor's Discretion

Firm Discretionary: Investment Committee Discretion

[email protected]

http://fa.smithbarney.com/rbbrydges

Page 2: Copy Of Brydges Master 2010

EQUITY SUMMARY

SECURITY CURRENT $ TARGET % TARGET $ CHANGE $ 1 Year 3 Yr. Annl. 5 Yr. Annl 10 Yr. Annl.

DEVELOPED MARKET LARGE & MID CAP 0 26.0% $1,300,000 $1,300,000 U.S. Large Cap 0 8.0% $400,000 $400,000 Large Cap Growth 0 4.0% $200,000 $200,000 Polen Capital Mgmt.-Large Cap Growth 0 39.8% 3.8% 5.0% 3.5%Atalanta Sosnoff- Large Cap Core 0 33.1% -0.3% 6.2% 2.4%Riverbridge Eco Leaders- All Cap Growth 0 43.9% 2.2% 3.8% naRoosevelt Inv Growth- All Cap Core 0 17.8% 1.7% 6.0% 5.2%Clearbridge Advisors- Core Appreciation (UMA) 0 20.2% -0.2% 4.0% naClearbridge Advisors- Large Cap Growth (MDA/UMA) 0 36.4% -4.1% 0.1% -0.4%Clearbridge Advisors- All Cap Growth (MDA) 0 42.2% -3.2% 1.8% 3.1%Clearbridge Advisors- Multi Cap Growth (MDA/UMA) 0 49.7% -2.2% 3.5% 7.0%ClearBridge Opportunity- All Cap Core (UMA) 0 56.4% -1.8% 3.3% 11.2%Janus Adviser Forty (Large Cap Growth) 0 44.2% 3.4% 7.0% 0.8%JP Morgan US Large Cap Core Plus Select (130/30) 0 36.4% 0.6% na naAlger Capital Appreciation Instl (All Cap Growth) 0 49.1% 3.3% 8.4% -1.3%Wells Fargo Advantage Opportunity Fund (All Cap Core) 0 47.6% -2.4% 2.3% 3.2%Smith Barney Private Client Balanced Equity Model Port. 0 24.7% 2.0% 4.5% naRussell 1000 Growth Index (Large Cap Growth) 0 37.2% -1.9% 1.6% -4.0%Standard & Poors 500 Index (Large Cap Core) 0 26.5% -5.6% 0.4% -1.0%

Large Cap Value 0 4.0% $200,000 $200,000 BlackRock Equity Dividend-Large Cap Value 0 20.7% -1.3% 5.6% 6.7%Lord Abbett All Cap Value 0 27.4% -0.1% 4.1% 7.8%Clearbridge Advisors-All Cap Value (MDA/UMA) 0 28.5% -4.2% 1.4% 3.4%BlackRock Equity Dividend 0 22.2% -1.8% 4.9% 5.8%Nuveen Tradewinds Value Opportunities Fund (All Cap Value) 0 51.1% 4.5% 11.3% naRussell 1000 Value Index (Large Cap) 0 19.7% -9.0% -0.3% 2.5%Dow Jones Industrial Average 0 22.7% -3.1% 1.9% 1.3%

Page 3: Copy Of Brydges Master 2010

U.S. Mid Cap 0 4.0% $200,000 $200,000 Mid Cap Growth 0 2.0% $100,000 $100,000 Frontier Asset Mgmt.- Mid Cap Growth Equity 0 36.3% 3.4% 7.2% 6.5%ClearBridge- Mid Cap Core 0 38.3% -0.5% 4.2% naClearbridge Advisors- Multi Cap Growth (MDA) 0 49.7% -2.2% 3.5% 7.0%Clearbridge Advisors- All Cap Growth (MDA) 0 42.2% -3.2% 1.8% 3.1%Goldman Sachs Growth Opportunities (Mid Cap Growth) 0 58.2% 4.4% 4.9% 6.7%Aston/Optimum Mid Cap (Mid Cap Core) 0 66.6% 2.6% 5.9% 10.5%Russell Mid Cap Growth Index 0 46.3% -3.2% 2.4% -0.5%

Mid Cap Value 0 2.0% $100,000 $100,000 Kennedy Capital- Mid Cap Value 0 35.5% -0.4% 5.2% naPENN Capital-Mid Cap Core/ Value Bias 0 48.1% -7.1% 3.4% naClearbridge Advisors-All Cap Value (MDA) 0 28.5% -4.2% 1.4% 3.4%Artisan Mid Cap Value 0 39.3% 0.8% 6.2% naJanus Adviser Perkins Mid Cap Value I 0 30.7% 0.8% 5.5% 11.2%Russell Mid Cap Value Index 0 34.2% -6.6% 2.0% 7.6%

Page 4: Copy Of Brydges Master 2010

International Developed 0 14.0% $700,000 $700,000 Europe ex U.K. 0 2.0% $100,000 $100,000

MSCI EMU Index 0 31.4% -6.3% 4.1% 1.3%

United Kingdom 0 1.0% $50,000 $50,000

MSCI UK Index 0 43.3% -7.1% 2.4% 1.3%

Japan 0 1.0% $50,000 $50,000

MSCI Japan Index 0 6.3% -10.4% -0.8% -3.7%

Asia Pacific Ex-Japan 0 1.5% $75,000 $75,000

MSCI Pacific ex-Japan Index 0 72.8% 3.8% 10.9% 15.5%

Canada 0 1.5% $75,000 $75,000

MSCI Canada Index 0 56.2% 3.3% 10.8% 8.9%

International/ Global Diversified 0 7.0% $350,000 $350,000 Renaissance Investment Mgmt.-International Equity ADR 0 34.2% 0.9% 10.9% 4.9%Harding Loevner International- Growth 0 46.3% -2.1% 7.8% 3.0%Thornburg International-Value 0 44.9% -1.6% 7.4% 7.6%Harding Loevner Global Equity ADR 0 44.6% -0.8% 6.0% 3.4%River Front Investment Group- Global Allocation 0 28.4% -3.1% 3.8% naClearbridge Advisors- International Core/Growth (MDA) 0 31.2% -2.9% 5.6% 1.7%International (not including USA)Janus Adviser International Overseas Growth (Large Cap Growth) 0 78.3% 2.5% 16.0% 5.0%Allianz NFJ International Value (Large Cap Value) 0 41.8% 0.1% 9.3% na

Global Diversified (including U.S.)BlackRock Global Allocation Fund (Tactical Allocation) 0 24.1% 3.3% 7.6% 8.8%MFS International Diversification Fund of Funds 44.3% -4.7% 5.7% naMSCI AC World Index 0 42.1% -3.0% 6.3% 3.1%MSCI EAFE Index 0 32.5% -5.6% 4.0% 1.6%

Page 5: Copy Of Brydges Master 2010

DEVELOPED MARKET SMALL CAP 0 7.0% $350,000 $350,000 U.S. Small Cap 0 5.0% $250,000 $250,000 Small Cap Growth 0 2.0% $100,000 $100,000 TCW Small Cap Growth 0 65.0% 6.6% 8.2% -6.9%London Company Small Cap Core 0 39.9% 0.9% 7.1% 14.8%Clearbridge Advisors- Multi Cap Growth (MDA) 0 49.7% -2.2% 3.5% 7.0%Clearbridge Advisors- All Cap Growth (MDA) 0 42.2% -3.2% 1.8% 3.1%TCW Small Cap Growth 0 63.3% 6.0% 8.1% -6.0%Russell 2000 Growth Index 0 34.5% -4.0% 0.9% -1.4%

Small Cap Value 0 3.0% $150,000 $150,000 Kayne Anderson Small Cap Qual Value 0 28.3% -2.3% 4.6% 11.3%Clearbridge Advisors-All Cap Value (MDA) 0 28.5% -4.2% 1.4% 3.4%Royce Premier Investment (Small Cap Value) 0 33.3% 2.5% 6.5% 10.7%Russell 2000 Value Index 0 20.6% -8.2% 0.0% 8.3%World ex U.S. Small Cap 0 2.0% $100,000 $100,000 Oppenheimer International Small Company 0 118.3% -5.0% 9.2% 6.3%MSCI EAFE Small Cap Index 0 46.8% -7.2% 4.2% 4.9%

EMERGING MARKETS 0 8.0% $400,000 $400,000 Lazard-Emerging Markets 0 79.2% 2.4% 15.5% naLazard Asset Management Emerging Markets 0 69.8% 5.6% 16.8% 11.5%MSCI Emerging Markets Free Index 0 78.5% 5.1% 15.5% 9.8%

Page 6: Copy Of Brydges Master 2010

ALTERNATIVE INVESTMENTS 0 24.0% $1,200,000 $1,200,000 Real Estate & REITs 0 5.0% $250,000 $250,000 INVESCO Realty Real Estate 0 46.7% -14.4% 3.5% 13.2%ING Global Real Estate Fund (Global) 0 44.7% -13.3% 2.0% naCohen & Steers Realty Majors Index 0 24.9% -15.4% -0.5% 10.5%

Commodities: Real Assets/Natural Resources 0 4.0% $200,000 $200,000 PIMCO Commodity Real Return Strategy 0 35.1% -2.9% 0.9% naGoldman Sachs Commodity Index Trust 0 13.5% -7.0% -3.0% 5.1%Gabelli GAMCO Gold Fund 0 35.2% 6.7% 17.5% 20.1%Evergreen Precious Metals Fund 0 32.6% 8.8% 20.1% 22.5%COMEX Gold Trust Index 0 24.0% 19.9% 20.1% 14.3%Newgate Global Resources Portfolio 0 51.0% 0.1% 9.3% naIvy Global Natural Resources 0 62.6% -3.7% 7.7% 14.1%BlackRock Natural Resources 0 43.8% 2.6% 11.2% 14.9%S&P NA Natural Resources Index 0 37.5% 2.0% 11.1% 9.2%

Equity Structured Products 0 0.0% $0 $0

Hedge Funds/Long Short/ Flex Portfolios 0 15.0% $750,000 $750,000

Relative Value/ Event Driven 0 3.0% $150,000 $150,000 Event DrivenIcahn - CAI Hedge Forum (Long/Short/Distressed) 0 29.5% na na naOch Ziff (Event Driven) 0 Hedge Premier 23.1% 10.4%York (Event Driven) 0 Hedge Premier 40.4% 7.2% inc.Paulson Advantage-CAI Hedge Forum (Event Driven Global Merger 0 Hedge Premier 12.0% na na naPaulson Advantage Plus-CAIHedgeForum (Event Driven Multi-Strat 0 Hedge Premier 19.5% 59.3% na naPaulson Recovery - CAI Hedge Forum (Distressed) 0 22.3% na na naRelative Value Double Black Diamond (Relative Value) 0 Hedge Premier 27.1% 10.8%Mariner-Tricadia (Relative Value) 0 Hedge Premier 26.3% 21.5% inc.Equity Market Neutral Mutual FundsJP Morgan: Highbridge Statistical Market Neutral Fund 0 -5.0% 1.4% na naJP Morgan Market Neutral 0 7.6% 5.2% 4.1% naHFRI Event Driven/Relative Value FOF Cons Index 9.5% -1.9% 13.6% 3.5%

Long/Short Equity 0 3.0% $150,000 $150,000 Front Point Health Care 2X Fund (Directional:Healthcare) 0 Hedge Premier 23.1% 10.5%Front Point Financial Services Fund, LP (Directional: Financial) 0 Hedge Premier 11.5% 18.2% inc.Ivory Flagship Fund (U.S.) 0 Hedge Premier 16.6% 11.2%Maverick (Directional) 0 Hedge Premier 18.1% 3.6% inc.Traxis (Directional) 0 Hedge Premier 34.7% 6.8%

Long Short Mutual FundsBaron Partners Fund 0 38.1% -11.7% 0.3% naDiamon Hill Long/Short Equity Fund 0 23.9% -2.1% 5.7% na

Tactical Flex Portfolio Mutual Funds

JP Morgan U.S. Large Cap Core Plus (130/30 Strategy) 0 36.4% 0.6% na naIvy Asset Strategy Fund 0 22.4% 7.5% 13.3% 9.3%HFRI Long/Short FOF Strategic Index 13.3% -1.5% 3.3% 3.6%

Page 7: Copy Of Brydges Master 2010

Managed Futures 0 4.0% $200,000 $200,000 Multi ManagerCitigroup Global Diversified Futures Fund, LP (Diversified) 0 -10.5% 4.3% 7.2% 7.0%Citigroup Orion Futures Fund, LP (Diversified) 0 -5.0% 14.1% 14.8% 13.8%Single ManagerSmith Barney Bristol Futures Fund, LP (Energy) 0 12.2% 14.1% na naSmith Barney AAA Energy Fund, LP 0 6.7% 18.8% 31.0% 25.2%Rydex Managed Futures Fund 0 -8.4% na na naBarclay CTA -0.3% 6.4% 5.0% 6.6%

Hedge Fund of Funds & Multi Strategy 0 5.0% $250,000 $250,000 Multi Manager: RegisteredCAI Multi-Advisor Hege Fund Portfolios,G (Multi-Strategy) 0 21.6% 3.7% 5.1% inc.Lazard Alternative Strategies Fund, LLC (Multi Strategy) 0 11.1% 2.3% 4.4% inc.Multi Manager Permal Macro (Global Macro) 0 16.7% 6.4% 7.9% 8.8%Fortress Partners Alternatives Fund, LP (Multi-Strategy Global) 0 na na na naPermal Investment Holdings (Multi-Strategy) 26.3% 1.0% 4.7% 4.7%Single Manager Equity: Multi StrategySAC Multi-Strategy - CAI Hedge Forum (Global) 0 na na na naSingle Manager Fixed IncomePermal Fixed Income Holdings N.V. (Multi Strategy Fixed Income) 0 27.1% 4.0% 6.0% 8.9%Goldman Sachs Absolute Return Tracker Fund 0 6.1% na na naHatteras Alpha Hedged Strategies Fund 0 19.1% -4.6% -0.1% naIQ Hedge Multi-Strategy Tracker ETF 0 10.0% na na naCSFB/Tremont Hedge Fund IndexHFRI Multi-Strategy FOF Diversified Fund Index 10.7% -1.3% 2.6% 3.8%HFRI Distressed 29.2% 0.5% 5.0% 9.2%Convertible ArbitrageEquity Market NeutralRisk ArbitrageGlobal MacroFixed Income Arbitrage

Illiquids 0 0.0% $0 $0 Qualified Purchasers Only

Private Equity 0 0.0% $0 $0 Private Equity Single Manager

0Private Equity Multi Manager

0

Private Real Estate 0 0.0% $0 $0 Real Estate Single ManagerSterling Land & Retail Dev. Opps. LP (Land Acquisition & Shoppin 0Real Estate Multi-Manager

0NCREIF Property IndexU.S. Private Equity IndexU.S. Venture Capital IndexGlobal (ex- U.S.) Private Equity & Venture Capital Index

TOTAL EQUITY 0 65.0% $3,250,000 $3,250,000

Page 8: Copy Of Brydges Master 2010

FIXED INCOME SUMMARY

CURRENT $ TARGET % TARGET $ CHANGE $ 1 Year 3Yr.Annl 5Yr.Annl 10Yr.Annl

CASH/MONEY MKT & SHORT DURATION 5,000,000 6.0% $300,000 ($4,700,000)Money Markets 5,000,000 3% $150,000 ($4,850,000)Western Assets Money Market Fund 5,000,000Western Assets California Municipal Money Market Fund 0Western Assest Government Money Market 0Western Asset/ Citi Institutional Money Market 0Citi US Treasury Reserves & Premium US Treasury Res. 0Bank Deposit Program (FDIC Insurance) 0Dreyfus Institutional Reserves Treasury Pime (IRA's) 0

Investment Grade Short Duration Bonds/CDs 0 3.0% $150,000 $150,000 Legg Mason Partners Short Duration Muni Income 0 4.8% 4.6% 3.7% naPIMCO Short Term Fund & PIMCO Low Duration (UMA) 0 7.3% 3.9% 3.6% 3.6%PIMCO Low Duration (UMA) 13.6% 5.9% 4.2% 4.5%Barclasys Short Treasury Bond (UMA) 0 0.4% 2.8% 3.2% 3.2%T-Bills & Certificates of Deposit (<1 Year Maturity) 0Outside Money Management Accounts (Bank/Brokerage) 0

Page 9: Copy Of Brydges Master 2010

TAXABLE FIXED INCOME 0 18.5% $925,000 $925,000

Global Investment Grade 0 10.0% $500,000 $500,000 Certificates of Deposit (>1 Year Maturity)

0

Mortgage Backed SecuritiesMortgage Backed Securities 0 PIMCO Mortgage Backed Securities Fund 0 14.8% 7.5% 5.8% naInvestment Grade Corporate BondsInvestment Grade Corporate Bonds 0 Madison (Investment Grade Corporate Bonds) 0 11.2% 6.9% 5.4% 8.0%MFS Research Bond Fund 0 21.3% 6.3% 4.8% 6.9%Goldman Sachs $ InvesTop Corporate Index 0 12.8% 5.8% 4.4% 6.3%Preferred SecuritiesPreferred Securities 0Principal Spectrum Preferred Securities 0 39.9% -2.5% 0.8% 6.0%Principal Funds Preferred Securities 0 54.9% 2.1% 2.9% naConvertible BondsCalamos Investment Grade Convertible 0 23.6% 1.6% 4.6% 4.2%Calamos Convertible Fund 0 30.9% 1.6% 4.2% 5.2%Multi-Sector IncomePIMCO- Total Return 0 15.5% 8.5% 6.6% naWestern Asset Core Plus Fixed Income (MDA) 0 16.8% 6.7% na naPIMCO Total Return Bond Fund 0 13.7% 9.1% 6.7% 7.5%PIMCO Unconstrained Bond Fund 0 13.9% na na naBarclays Capital U.S. Aggregate Bond Index 0 5.9% 6.0% 5.0% 6.3%Diversified InternationalOppenheimer International Bond Fund 0 16.9% 9.1% 8.0% 10.7%Diversified GlobalTempleton Global Bond Fund 0 18.4% 12.5% 9.7% 11.1%Fixed AnnuitiesNew York Life Lifetime Income Annuity 0

Global High Yield 0 2.5% $125,000 $125,000 BlackRock Investment Mgmt. High Yield Bond Fund 0 52.8% 4.3% 5.6% 6.6%Western Asset Global High Yield Bond Fund 0 52.3% 3.0% 4.7% 6.6%Barclays Capital U.S. Corporate High Yield Index 0 58.2% 6.0% 6.5% 6.7%

Global Emerging Markets 0 5.0% $250,000 $250,000 Goldman Sachs Emerging Markets Debt Fund 0 36.7% 6.6% 9.1% naMFS Emerging Markets Debt Fund 0 30.6% 7.4% 8.8% 13.9%JPMorgan Emerging Markets Debt Index 0 28.7% 6.9% na na

Global Inflation-Linked 0 1.0% $50,000 $50,000 PIMCO Real Return(Global Agency Inflation Indexed Securities) 0 18.7% 7.7% 5.0% 7.8%

Page 10: Copy Of Brydges Master 2010

TAX ADVANTAGED FIXED INCOME 0 10.50% $525,000 $525,000

Municipal Bonds 0 7.0% $350,000 $350,000 Municipal Bonds 0

Western Asset Current Market Municipal Portfolio(MDA) 0 6.3% 5.6% 4.3% 4.8%

Franklin Federal Intermediate Municipal Bond Fund 0 11.2% 3.9% 3.6% 4.9%

Franklin California Tax Free Municipal Income Fund 0 16.6% 2.9% 3.8% 5.4%

Franklin California Insured Tax Free Fund 0 8.8% 2.4% 2.9% 5.1%

Barclays Capital U.S. Municipal Bond Index 0 12.9% 4.4% 4.3% 5.8%

Municipal High Yield 0 2.5% $125,000 $125,000 Franklin California Hi Yield Municipal Fund 0 23.7% 0.7% 2.7% 5.2%

Treasury Bonds & U.S. Agency 0 0.0% $0 $0 Treasury Bonds 0Legg Mason Western Asset Government Securities Fund (US Govt) 0 10.2% 5.5% 4.4% 5.6%Barclays 20+ Year Treasury Index 0 -21.4% 5.0% 4.9% 7.6%Barclays 7-10 Year Treasury Index 0 -6.0% 6.9% 5.1% 6.7%Barclays 3-7 Year Treasury Index 0 -1.6% 7.0% 5.1% 6.2%

Inflation Linked 0 1.0% $50,000 $50,000 Barclays TIPS Bond Index(Treasury Inflation Notes) 0 11.4% 6.7% 4.6% 7.7%

TOTAL FIXED INCOME/CASH 5,000,000 35.0% $1,750,000 ($3,250,000)

TOTAL 5,000,000 100.0% $5,000,000 $0

Page 11: Copy Of Brydges Master 2010

MAJOR INDEX PERFORMANCE SUMMARY 1 Year 3 Yr. Annl 5 Yr. Annl 10 Yr. Annl.

Standard & Poors 500 23.5% -5.6% 0.4% -1.0%Dow Jones Industrials 22.6% -3.1% 1.9% 1.3%NASDAQ Composite 43.9% -2.1% 0.9% -5.7%Russell 2000 25.2% -7.4% -0.8% 2.2%MSCI EAFE 27.8% -8.7% 0.9% -1.1%MSCI World 26.9% -7.6% 0.0% -1.9%MSCI Emerging Markets 74.5% 2.7% 12.8% 7.3%Barclay Aggregate Bond Index 5.9% 6.0% 5.0% 6.3%

LEGG MASON PARTNERS- CLEARBRIDGE: MULTI DISCIPLINE ACCOUNT (MDA) PORT's 1 Year 3 Yr. Annl 5 Yr. Annl 10 Yr. Annl

Domestic….(MDA 5A: Clearbridge Advisors-40% Large Cap Growth, 40% All Cap Value, 20% Multi Cap Growth) 36.6% -3.8% 1.4% 3.6%Developed Markets…. (MDA 7A: Clearbridge Advisors-30% Large Cap Growth, 30% All Cap Value, 20% Multi Cap Growth, 20% Intl. AD 36.3% -3.5% 2.6% 3.4%Developed Balanced…. (MDA 7A Balanced: Clearbridge Advisors- 70% Equity and 30% Fixed Income) (Taxable or Tax Advantaged) 22.7% -1.8% 2.7% 4.3%Income Portfolios…. (MDA: 70% Barclays Agg/ 30% S&P 500) 17.6% 4.7% 5.3% na

BLENDED PORTFOLIO RETURNS YTD 2010 YEAR 2009 YEAR 2008 YEAR 2007 YTD YR 09 YR 08 YR 07 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Total Portfolio Returns $0 $0 $0 $0 0.0% 0.0% 0.0% 0.0%

LIFE INSURANCE & VARIABLE ANNUITY Acct Value Benefit Insured Premium$0 $0 $0 $0 $0 $0

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed, and the giving of the same is not deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.

Page 12: Copy Of Brydges Master 2010

ETF I SHARE C SHARE Min.Inv.$50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $75,000 $75,000

JCAPZJLPSXALARXWOFDX

IWBSPY

$50,000 $50,000 $50,000

MADVXNVORX

IWVDIA

Page 13: Copy Of Brydges Master 2010

$75,000

$75,000 $75,000

GGOIXABMIX

IWP

$75,000 $75,000 $75,000

ARTQXJMVAX JMVCX

IWS

Page 14: Copy Of Brydges Master 2010

EZU

EWU

EWJ

EPP

EWC

$50,000 $50,000 $50,000 $50,000 $250,000 $75,000

JIGFXBIGIX

MALOX

ACWIEFA

Page 15: Copy Of Brydges Master 2010

$75,000 $75,000 $75,000 $75,000

TGSCX

$75,000 $75,000

RYPRX

OSMYXSCZ

$50,000 LZEMX

EEM

Page 16: Copy Of Brydges Master 2010

$50,000 IGLIX IGCAX

ICF

PCRPXGSG

GLDIX

IAU$50,000

IGNIX IGNCXSGLSX MAGRX

IGE

$250,000 $100,000 $100,000 $100,000 $100,000 $100,000

$100,000 $100,000

HSKSX

$500,000 $500,000 $250,000 $100,000 $100,000

BPTRXDHLSX

JLPSXIVAEX WASCX

Page 17: Copy Of Brydges Master 2010

$5,000 $25,000

$25,000 $25,000

RYMFX

$25,000 $100,000

$100,000 $250,000 $100,000

$100,000

$100,000 GJRTXALPHX

QAI

$250,000

Page 18: Copy Of Brydges Master 2010

SBCXSBCFSMGXCILX $1 MillionCIMX CUSTBDP

DUPX DGS

SMDYXPTSPXPLDPX PTLCX

SHV

Page 19: Copy Of Brydges Master 2010

PMRAX PMRCX

$250,000 MRBFX

LQD

PPSIX PFRCX

$100,000 CICVX

$125,000 $250,000

PTTPXPUCPX PUBCX

AGG

OIBYX OIBCX

TGBAX TEGBX

BHYIXSIHYX

JNK

GSDIX

EMB

PRLPX PRTCX

Page 20: Copy Of Brydges Master 2010

$100,000

FKITX

FCAVX FCAHX

FRCIX FRCAX

TFI

FCAMX FCAHX

SGVAX SGSLXTLTIEFIEI

TIP

Page 21: Copy Of Brydges Master 2010

SPYDIA

QQQQIWMEFAIWVEEMAGG