We run multiple SMA strategies that have been recognized for long-term outperformance. The exception has been our dividend portfolios which have been down in the short term along with everyone else in the category, but they have rebounded strongly this year. Information is available on our website www.athenainvest.com. Here are the SMA strategies and the fact sheets can be found at our website www.athenainvest.com:

• Pure Valuation - Concentrated All Cap Equity
• Dividend Income - Concentrated High Dividend
• Global Tactical ETFs - Tactical Market Rotation
• Managed Equity - Behavioral Equity Portfolio (Multi-Strategy)

Tom