The Growth + portfolio is designed for the risk tolerant investor with a mid to long term investment time horizon. Targeted Performance over a market cycle is greater than 100% of S & P 500 upside performance with 100% market risk. The Growth + portfolio allows SGL's portfolio managers asset allocation flexibility in order to maximize upside potential. Approximate average equity beta of > 1.

* Analysis current as of 10/29/12.

The Growth + portfolio class was created in Spring of 2009 to allow our clients the flexibility necessary to take advantage of historically low valuations created by the Recession that began in 2008. Since no asset classes (neither stocks nor fixed income nor REITS) were spared by the sell off ~ SGL saw unprecedented opportunities across all investment vehicles. As such, we created a portfolio class that allowed our managers the flexibility necessary to capitalize on opportunities wherever they might be ~ outside of the constraints of a particular asset allocation model.

The Growth + portfolio is not designed for the risk averse investor. A Growth + client should expect more volatility compared to other SGL portfolio classes. This more aggressive strategy also necessitates a more active trading strategy ~ therefore turnover ratios will tend to be higher in Growth + portfolios.