The Compass Composite contains fully discretionary accounts that are comprised of domestic stocks and bonds that are actively allocated. Clients should average about 60% in stocks and 40% in bonds over the long run. Cornerstone Investment Partners set weights accordingly between stocks and bonds based on their relative attractiveness and repositions portfolios at the beginning of the month if the move is greater than a 5% difference in the weighting between the asset classes. Equity allocation can range from 40-80% and Fixed income 20-60%. The fixed income portion includes cash. Portfolios are rebalanced on a monthly basis. For comparison purposes the composite is measured against 60% of the S&P 500 Index and 40% of the Barclays Capital Index. The custom blended benchmark is calculated within our accounting and performance measurement system and is static. Cornerstone Investment Partners’ has constructed a universe of 800 large, liquid securities, including non-US companies, traded on US exchanges. **Pure gross returns are presented as supplemental information as they do not reflect the deduction of any expenses, including trading costs. Cornerstone Investment Partners, LLC is an independent, employee owned investment advisory firm. The firm maintains a complete list and description of composites, which is available upon request. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results. The U.S. Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income. The composite includes both bundled fee and non-bundled fee accounts. Gross returns for non-bundled fee accounts were reduced by transaction costs and gross returns for bundled fee accounts are shown as supplemental information and have not been reduced by transaction costs. Net of fee performance for these accounts have been reduced by the entire bundled fee. Other than brokerage commissions the bundled fee includes administrative and custodial services, and in some cases the investment management fee. Some of the bundled fee accounts included pay the investment management fee separately from the bundled fee. For these accounts, net of fee performance has been reduced by both the bundled fee and the investment management fee. Net of fee performance for non-bundled fee accounts was calculated using actual management fees. Beginning October 1, 2008, composite policy requires the temporary removal of any portfolio incurring a client initiated significant cash inflow or outflow of 30% of portfolio assets. The Compass composite was created and incepted on December 31, 2006. The annual composite dispersion is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. Cornerstone Investment Partners, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Cornerstone Investment Partners, LLC has been independently verified for the periods September 30, 2001 through September 30, 2018. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Benchmark returns are not covered by the report of independent verifiers. The Compass Composite has been examined for periods December 31, 2006 through December 31, 2017. The verification and performance examination reports are available upon request. Additional information regarding the policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Submit requests to Cornerstone Investment Partners: 3438 Peachtree Rd, NE; Suite 900; Atlanta, GA 30326. Phone: 404-751-3850 Email: firstname.lastname@example.org The general fee schedule for equity accounts is as follows: 0.75% on the first $10,000,000; 0.55% on the next $10,000,000 and 0.35% on the balance. Actual investment advisory fees incurred by clients may vary.