1. Holborn Investment Portfolios Diversified. Dynamic. Robust

2. Holborn Investment Portfolios Diversified. Dynamic. Robust 1 The Holborn Investment Portfolio Range PAGE 1 of 20

3. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE HOLBORN OFFERS A RANGE OF INVESTMENT PORTFOLIOS TAILORED TO MEET SPECIFIC INVESTOR RISK PROFILES.

4. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE LOWER RISK PORTFOLIOS FOCUS MORE ON CAPITAL PRESERVATION.

5. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE HIGHER RISK PORTFOLIOS FOCUS MORE ON INVESTMENT RETURNS.

6. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE THE BALANCED PORTFOLIO AIMS TO PROVIDE A BALANCE BETWEEN CAPITAL PRESEVATION AND INVESTMENT GROWTH.

7. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE TYPICALLY, HIGHER RISK PORTFOLIOS WILL GENERATE HIGHER RETURNS THAN LOWER RISK PORTFOLIOS OVER THE LONG-TERM.

8. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE YOUR ADVISER WILL ASK YOU TO COMPLETE A RISK QUESTIONNAIRE WHICH WILL IDENTIFY YOUR ATTITUDE TO RISK AND THE LEVEL OF VOLATILITY WHICH YOU ARE COMFORTABLE EXPERIENCING.

9. Holborn Investment Portfolios Diversified. Dynamic. Robust ADVENTUROUS GROWTH BALANCED Low Risk/ReturnHigh Risk/Return CAUTIOUS CONSERVATIVE ONCE YOUR ATTITUDE TO RISK IS ESTABLISHED YOUR ADVISER CAN SELECT AN APPROPRIATE INVESTMENT PORTFOLIO.

10. Holborn Investment Portfolios Diversified. Dynamic. Robust 2 How Does Holborn Manage Your Money?

11. Holborn Investment Portfolios Diversified. Dynamic. Robust HOLBORN POOLS CLIENTS MONEY AND MANAGES IT COLLECTIVELY.

12. Holborn Investment Portfolios Diversified. Dynamic. Robust THIS IS DONE WITHIN TWO HIGHLY REGULATED LUXEMBOURG LISTED OPEN-ENDED INVESTMENT FUNDS Adventurous Portfolio Fund Balanced Portfolio Fund

13. Holborn Investment Portfolios Diversified. Dynamic. Robust Adventurous Portfolio Fund Balanced Portfolio Fund THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

14. Holborn Investment Portfolios Diversified. Dynamic. Robust Wide Range of Investments INVESTORS CAN GAIN EXPOSURE TO A WIDER RANGE OF INVESTMENTS WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS THAN COULD BE ACHIEVED WITH AN INDIVIDUALLY MANAGED PORTFOLIO. THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

15. Holborn Investment Portfolios Diversified. Dynamic. Robust Wide Range of Investments Institutional Level Funds THE OLD BROAD STREET PORTFOLIO FUNDS CAN ACCESS INSTITUTIONAL LEVEL FUNDS NOT AVAILABLE TO INDIVIDUAL INVESTORS. THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

16. Holborn Investment Portfolios Diversified. Dynamic. Robust Wide Range of Investments Institutional Level Funds ECONOMIES OF SCALE MEAN THE OLD BROAD STREET PORTFOLIO FUNDS ENJOY LOWER DEALING COSTS THAN AN INDIVIDUALLY MANAGED PORTFOLIO Lower Dealing Costs THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

17. Holborn Investment Portfolios Diversified. Dynamic. Robust Wide Range of Investments Institutional Level Funds THE OLD BROAD STREET PORTFOLIO FUNDS ARE LISTED IN LUXEMBOURG, OF THE BIGGEST AND HIGHLY REGULATED FUND CENTRES. Lower Dealing Costs Highly Regulated THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

18. Holborn Investment Portfolios Diversified. Dynamic. Robust Wide Range of Investments Institutional Level Funds MOST SIGNIFICANTLY, BY MANAGING CLIENT MONEY WITHIN THE OLD BROAD STREET FUNDS, HOLBORN IS ABLE MANAGE THAT MONEY MORE EFFECTIVLEY. THIS SUPPORTS MORE STABLE AND HIGHER RETURNING LONG-TERM PORTFOLIO PERFORMANCE. Lower Dealing Costs Highly Regulated Improved Performance THERE ARE MANY BENEFITS TO INVESTORS FROM HAVING THEIR MONEY MANAGED COLLECTIVLEY WITHIN THE OLD BROAD STREET FUNDS

19. Holborn Investment Portfolios Diversified. Dynamic. Robust THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS. CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return

20. Holborn Investment Portfolios Diversified. Dynamic. Robust CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return BALANCED PORTFOLIO: 100% Old Broad Street Fund – Balanced Portfolio THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS.

21. Holborn Investment Portfolios Diversified. Dynamic. Robust CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return 100% Old Broad Street Fund – Adventurous Portfolio ADVENTUROUS PORTFOLIO: THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS.

22. Holborn Investment Portfolios Diversified. Dynamic. Robust CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return 50% Old Broad Street Fund – Adventurous Portfolio GROWTH PORTFOLIO: 50% Old Broad Street Fund – Balanced Portfolio THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS.

23. Holborn Investment Portfolios Diversified. Dynamic. Robust CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return 15% Low-Risk Bond Allocation CONSERVATIVE PORTFOLIO: 85% Old Broad Street Fund – Balanced Portfolio THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS.

24. Holborn Investment Portfolios Diversified. Dynamic. Robust CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Low Risk/ReturnHigh Risk/Return 25% Low-Risk Bond Allocation CAUTIOUS PORTFOLIO: 75% Old Broad Street Fund – Balanced Portfolio THE OLD BROAD STREET FUNDS ARE THE PRIMARY BUILDING BLOCKS OF THE HOLBORN INVESTMENT PORTFOLIOS.

25. Holborn Investment Portfolios Diversified. Dynamic. Robust 3 Holborn’s Investment Approach

26. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 DYNAMIC ASSET ALLOCATION 3

27. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 The Old Broad Street Portfolio Funds have the potential to invest in both traditional investments and alternative investment types Traditional Assets Alternative Investments Traditional investments are assets such as stocks, bonds and cash Stocks Bonds Cash Gold/Commodities/REITs Market Neutral Multi-Strategy Managed Futures Alternative investments include alternative assets such as gold, commodities and real estate investment trusts (REITs), and alternative strategies, examples of which are market neutral, managed futures and multi-strategy funds

28. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 Why are alternative investments important? 1.Alternative Investments provide a wider investment set, offering additional sources of returns over traditional investments 2.Alternative Investments can increase portfolio diversification and reduce volatility as a result of their lower correlation to more traditional assets Traditional Assets Alternative Investments Stocks Bonds Cash Gold/Commodities/REITs Market Neutral Multi-Strategy Managed Futures

29. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 Active Passive The Old Broad Street funds combine the benefits of both passive and actively managed investment funds Passive funds, such as exchange-traded funds (ETFs), aim to track the performance of a market index. Passive funds are a low-cost and efficient way to gain exposure to many asset types, markets and market sectors The Old Broad Street funds will typically use passive investment funds to gain exposure to those investment types

30. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 Active Passive The Old Broad Street funds also utilise actively managed funds Active funds attempt to deliver a return that is superior to the market index to which they are benchmarked and are typically have higher management fees than passive funds The Old Broad Street funds use actively managed funds where no passive substitutes exist, predominantly in the alternative investment area, or where they provide significantly better performance than passive fund options.

31. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 Traditional asset allocation tends to keep the mix of assets in a portfolio fairly static, regardless of market conditions The dynamic asset allocation strategy used by the Old Broad Street funds, however, constantly aligns investments with changing market conditions As market conditions change over time, so do the asset allocations of the Old Broad Street funds

32. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 For example, the dynamic asset allocation strategy used by the Old Broad Street funds will typically increase exposure to equity markets when performance of stocks is positive World Stocks * : 1999 - 2013 * MSCI ACWI NR Index USD

33. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 When the performance of stocks is negative, however, the dynamic asset allocation strategy will reduce to equity markets World Stocks * : 1999 - 2013 * MSCI ACWI NR Index USD

34. Holborn Investment Portfolios Diversified. Dynamic. Robust THERE ARE THREE KEY ELEMENTS TO THE INVESTMENT APPROACH USED TO MANAGE MONEY WITHIN THE OLD BROAD STREET PORTFOLIO FUNDS TRADITIONAL & ALTERNATIVE INVESTMENTS 1 DYNAMIC ASSET ALLOCATION 3 A MIXTURE OF PASSIVE & ACTIVE INVESTMENTS 2 Why use a dynamic asset allocation strategy? A dynamic asset allocation strategy adjusts portfolio holdings to suit market conditions as they change over time The aim of this process is to improve portfolio performance Over a market cycle, a dynamic asset allocation strategy can increase portfolio returns versus a more traditional asset allocation strategy Importantly, a dynamic asset allocation strategy can also preserve capital better during periods equity bear markets

35. Holborn Investment Portfolios Diversified. Dynamic. Robust 4 Portfolio Performance Aims

36. Holborn Investment Portfolios Diversified. Dynamic. Robust THE PERFORMANCE OF EACH HOLBORN INVESTMENT PORTFOLIO IS BENCHMARKED AGAINST AN APPROPRIATE TRADITIONAL STOCK/BOND BENCHMARK CAUTIOUS CONSERVATIVE BALANCED GROWTH ADVENTUROUS Benchmark: 20% World Stocks 80% World Bonds Benchmark: 35% World Stocks 65% World Bonds Benchmark: 50% World Stocks 50% World Bonds Benchmark: 65% World Stocks 35% World Bonds Benchmark: 80% World Stocks 20% World Bonds World Stocks = MSCI ACWI NR USD, World Bonds = Citi WGBI USD

37. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS

38. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS CAUTIOUS CAUTIOUS PORTFOLIO BENCHMARK * : 20% WORLD STOCKS 80% WORLD BONDS HYPOTHETICAL HISTORICAL PERFORMANCE: CAUTIOUS PORTFOLIO Hypothetical or simulated performance results have certain inherent limitations. Simulated results do not represent actual investment performance. No representation is being made that any Holborn Investment Portfolio will or is likely to achieve returns similar to those shown above. Portfolio performance above is provided for illustrative purposes only. Past performance is no guarantee of future results. *World Stocks = MSCI ACWI NR Index USD, World Bonds = Barclays Global Aggregate Bond TR Index US Annualised Returns: CAUTIOUS PORTFOLIO: 5.8% BENCHMARK: 5.4% Annualised Returns: CAUTIOUS PORTFOLIO: 5.8% BENCHMARK: 5.4%

39. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS CONSERVATIVE CONSERVATIVE PORTFOLIO BENCHMARK * : 35% WORLD STOCKS 65% WORLD BONDS HYPOTHETICAL HISTORICAL PERFORMANCE: CONSERVATIVE PORTFOLIO Hypothetical or simulated performance results have certain inherent limitations. Simulated results do not represent actual investment performance. No representation is being made that any Holborn Investment Portfolio will or is likely to achieve returns similar to those shown above. Portfolio performance above is provided for illustrative purposes only. Past performance is no guarantee of future results. *World Stocks = MSCI ACWI NR Index USD, World Bonds = Barclays Global Aggregate Bond TR Index US Annualised Returns: CONSERVATIVE PORTFOLIO: 6.3% BENCHMARK: 5.2% Annualised Returns: CONSERVATIVE PORTFOLIO: 6.3% BENCHMARK: 5.2%

40. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS BALANCED BALANCED PORTFOLIO BENCHMARK*: 50% WORLD STOCKS 50% WORLD BONDS * HYPOTHETICAL HISTORICAL PERFORMANCE: BALANCED PORTFOLIO Hypothetical or simulated performance results have certain inherent limitations. Simulated results do not represent actual investment performance. No representation is being made that any Holborn Investment Portfolio will or is likely to achieve returns similar to those shown above. Portfolio performance above is provided for illustrative purposes only. Past performance is no guarantee of future results. *World Stocks = MSCI ACWI NR Index USD, World Bonds = Barclays Global Aggregate Bond TR Index US Annualised Returns: BALANCED PORTFOLIO: 7.0% BENCHMARK: 4.9% Annualised Returns: BALANCED PORTFOLIO: 7.0% BENCHMARK: 4.9%

41. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS GROWTH GROWTH PORTFOLIO BENCHMARK*: 65% WORLD STOCKS 35% WORLD BONDS HYPOTHETICAL HISTORICAL PERFORMANCE: GROWTH PORTFOLIO Hypothetical or simulated performance results have certain inherent limitations. Simulated results do not represent actual investment performance. No representation is being made that any Holborn Investment Portfolio will or is likely to achieve returns similar to those shown above. Portfolio performance above is provided for illustrative purposes only. Past performance is no guarantee of future results. *World Stocks = MSCI ACWI NR Index USD, World Bonds = Barclays Global Aggregate Bond TR Index US Annualised Returns: GROWTH PORTFOLIO: 7.7% BENCHMARK: 4.5% Annualised Returns: GROWTH PORTFOLIO: 7.7% BENCHMARK: 4.5%

42. Holborn Investment Portfolios Diversified. Dynamic. Robust THE HOLBORN INVESTMENT PORTFOLIS AIM TO OUTPERFORM THEIR BENCHMARKS OVER A MARKET CYCLE BY GENERATING HIGHER AND MORE STABLE RETURNS ADVENTUROUS ADVENTUROUS PORTFOLIO BENCHMARK*: 80% WORLD STOCKS 20% WORLD BONDS HYPOTHETICAL HISTORICAL PERFORMANCE: ADVENTUROUS PORTFOLIO Hypothetical or simulated performance results have certain inherent limitations. Simulated results do not represent actual investment performance. No representation is being made that any Holborn Investment Portfolio will or is likely to achieve returns similar to those shown above. Portfolio performance above is provided for illustrative purposes only. Past performance is no guarantee of future results. *World Stocks = MSCI ACWI NR Index USD, World Bonds = Barclays Global Aggregate Bond TR Index US Annualised Returns: ADVENTUROUS PORTFOLIO: 8.4% BENCHMARK: 4.1% Annualised Returns: ADVENTUROUS PORTFOLIO: 8.4% BENCHMARK: 4.1%

43. Holborn Investment Portfolios Diversified. Dynamic. Robust