|
HOLDINGS
<br /> HIGHMARK CAPITAL MANAGEMENT
<br /> HighMark Plus(Active) Index Plus(Passive)
<br /> Columbia Contrarian Core Z iShares Core S&P 500 ETF 350 California Street
<br /> Suite 1600
<br /> Vanguard Growth&Income Adm iShares S&P 500/Value San Francisco, CA 94104
<br /> Dodge&Cox Stock Fund iShares S&P 500/Growth 800-582-4734
<br /> Harbor Capital Appreciation iShares Russell Mid-Cap ETF www.highmarkcapital.com
<br /> T.Rowe Price Growth Stock Vanguard REIT ETF
<br /> iShares Russell Mid-Cap ETF iShares Russell 2000 Value ABOUT THE ADVISER
<br /> Vanguard REIT ETF iShares Russell 2000 Growth HighMark®Capital Management, Inc.(HighMark)has
<br /> Undiscovered Managers Behavioral Value iShares MSCI EAFE over 90 years(including predecessor organizations)of
<br /> institutional money management experience with more
<br /> T. Rowe Price New Horizons Vanguard FTSE Emerging Markets ETF than$14.0 billion in assets under management.
<br /> Nationwide Bailard International Equities Vanguard Short-Term Invest-Grade Adm HighMark has a long term disciplined approach to
<br /> Dodge&Cox International Stock iShares Core U.S.Aggregate money management and currently manages assets for
<br /> a wide array of clients.
<br /> MFS International Growth I PowerShares Senior Loan
<br /> Hartford Schroders Emerging Markets Eq First American Government Obligations Z ABOUT THE PORTFOLIO MANAGEMENT TEAM
<br /> VanguardAShort-Term Invest-Grade Adm Senior Brown,CFA®
<br /> Senior Portfolio Manager
<br /> PIMCO Total Return Investment Experience: since 1994
<br /> Prudential Total Return HighMark Tenure:since 1997
<br /> Holdings are subject to change at the Education:MBA, University of Southern California;
<br /> Nationwide Loomis Bond discretion of the investment manager. BA,University of Southern California
<br /> Eaton Vance Floating Rate&High Income
<br /> Salvatore"Tory"Milazzo III,CFA®
<br /> First American Government Obligations Z Senior Portfolio Manager
<br /> Investment Experience:since 2004
<br /> STYLE HighMark Tenure:since 2014
<br /> Real Estate Education:BA,Colgate University
<br /> Large Cap Value 1.5%
<br /> 6.8% Small Cap J.Keith Stribling,CFA®
<br /> Cash 7.5% Senior Portfolio Manager
<br /> 3.1% Investment Experience:since 1985
<br /> HighMark Tenure:since 1995
<br /> Intl Stocks Education:BA,Stetson University
<br /> 12.5%
<br /> Christiane Tsuda
<br /> Senior Portfolio Manager
<br /> Mid Cap Investment Experience:since 1987
<br /> 3.6% Interm-Term Bond
<br /> HighMark Tenure: since 2010
<br /> 39.1% Education:BA, International Christian University,Tokyo
<br /> Large Cap Growth
<br /> 4.3% Anne Wimmer,CFA®
<br /> Senior Portfolio Manager
<br /> Investment Experience: since 1987
<br /> Large Cap Core
<br /> 13.9% 4:' HighMark Tenure:since 2007
<br /> ' Education:BA, University of California,Santa Barbara
<br /> Floating Rate Note
<br /> Short-Term Bond 1.5%
<br /> 6.3% Randy Yurchak,CFA®
<br /> Senior Portfolio Manager
<br /> The performance records shown represent size-weighted composites of tax exempt accounts that meet the following criteria: Investment Experience:since 2002
<br /> Composites are managed by HighMark's HighMark Capital Advisors(HCA)with full investment authority according to the p
<br /> PARS Moderate active and passive objectives and do not have equity concentration of 25%or more in one common stock HighMark Tenure:since 2017
<br /> security. Education:MBA,Arizona State University;
<br /> The adviser to the PARS portfolios is US Bank,and HighMark serves as sub-adviser to US Bank to manage these portfolios. BS,Universityof Washington US Bank may charge clients as much as 0.60%annual management fee based on a sliding scale.As of December 31,2017,
<br /> the blended rate is 0.58%.US Bank pays HighMark 60%of the annual management fee for assets sub-advised by HighMark
<br /> under its sub-advisory agreement with US Bank.The 36 basis points paid to HighMark,as well as other expenses that may Asset Allocation Committee
<br /> be incurred in the management of the portfolio,will reduce the portfolio returns.Assuming an investment for five years,a 5%
<br /> annual total return,and an annual sub-advisory fee rate of 0.36%deducted from the assets at market at the end of each year, Number of Members: 16
<br /> a 10 million initial value would grow to$12.54 million after fees(Net-of-Fees)and$12.76 million before fees(Gross-of-Fees).
<br /> Additional information regarding the firm's policies and procedures for calculating and reporting performance results is Average Years of Experience:26
<br /> available upon request.In Q1 2010,the PARS Composite definition was changed from$750,000 minimum to no minimum. Average Tenure(Years): 13
<br /> Performance results are calculated and presented in U.S.dollars and do not reflect the deduction of investment advisory
<br /> fees,custody fees,or taxes but do reflect the deduction of trading expenses.Returns are calculated based on trade-date
<br /> accounting. Manager Review Group
<br /> Blended benchmarks represent HighMark's strategic allocations between equity,fixed income,and cash and are rebalanced Number of Members:7
<br /> monthly.Benchmark returns do not reflect the deduction of advisory fees or other expenses of investing but assumes the Average Years of Experience:20
<br /> reinvestment of dividends and other earnings.An investor cannot invest directly in an index.The unmanaged S&P 500 Index 9 p
<br /> is representative of the performance of large companies in the U.S.stock market.The MSCI EAFE Index is a free float- Average Tenure(Years):7
<br /> adjusted market capitalization index designed to measure developed market equity performance,excluding the U.S.and
<br /> Canada.The MSCI Emerging Markets Free Index is a free float-adjusted market capitalization index that is designed to
<br /> measure equity market performance in the global emerging markets.The Russell Midcap Index measures the performance of
<br /> the mid-cap segment of the U.S.equity universe.The Russell 2000 Index measures the performance of the small-cap
<br /> segment of the U.S.equity universe.The US High Yield Master II Index tracks the performance of below investment grade
<br /> U.S.dollar-denominated corporate bonds publicly issued in the U.S.domestic market.Wilshire REIT index measures U.S.
<br /> publicly traded Real Estate Investment Trusts.The unmanaged Bloomberg Barclays Capital(BC)U.S.Aggregate Bond Index
<br /> is generally representative of the U.S.taxable bond market as a whole.The Merrill Lynch(ML)1-3 Year U.S.Corporate&
<br /> Government Index tracks the bond performance of The ML U.S.Corporate&Government Index,with a remaining term to
<br /> final maturity less than 3 years.The unmanaged Citigroup 1-Month Treasury Bill Index tracks the yield of the 1-month U.S.
<br /> Treasury Bill.
<br /> HighMark Capital Management,Inc. (HighMark),an SEC-registered investment adviser,is a wholly owned subsidiary of
<br /> MUFG Union Bank,N.A.(MUB).HighMark manages institutional separate account portfolios for a wide variety of for-profit
<br /> and nonprofit organizations,public agencies,public and private retirement plans,and personal trusts of all sizes.It may also
<br /> serve as sub-adviser for mutual funds,common trust funds,and collective investment funds.MUB,a subsidiary of MUFG
<br /> Americas Holdings Corporation,provides certain services to HighMark and is compensated for these services.Past
<br /> performance does not guarantee future results.Individual account management and construction will vary depending on
<br /> each client's investment needs and objectives.Investments employing HighMark strategies are NOT insured by the
<br /> FDIC or by any other Federal Government Agency,are NOT Bank deposits,are NOT guaranteed by the Bank or any
<br /> Bank affiliate,and MAY lose value,including possible loss of principal.
<br />
|