AMERICAN BUS ASSOC. FOUNDATION 111 K ST. NE 9TH FL WASHINGTON DC

Transcription

1 AMERICAN BUS ASSOC. FOUNDATION 111 K ST. NE 9TH FL WASHINGTON DC

2 Investor Statement April 10, 2017 Prepared for American Bus Association Foundation AMERICAN BUS ASSOC. FOUNDATION 111 K ST. NE 9TH FL WASHINGTON DC Advisor Karl Macklin TD Private Client Wealth LLC Managed Accounts Network Securities and investment advisory products: Not insured by the FDIC or any other governmental agency Not guaranteed by TD Bank, NA or affiliates May lose value.

3 Table of Contents Page Group Reports Mkt Val 1 American Bus Association Foundation $ 5,670, Account Reports 1 Mkt Val 7 American Bus Association Foundation QY $ 4,087, American Bus Association Foundation Not for Profit QGR ,583, Please inform your financial advisor of any changes in your financial situation or investment objectives, or if you wish to modify or impose a reasonable restriction on your account. Please contact your financial advisor if you would like to request a current copy of the Form ADV Part 2A or Form ADV Part 2A - Appendix 1 or equivalent brochure, as applicable, for any of the following: Financial Advisor, Money Manager(s) and/or Envestnet Asset Management, Inc.

4 American Bus Association Foundation Data as of April 10, Aggregate Overview American Bus Association Foundation Client Group Summary Asset Allocation Inception Date Feb 19, 2015 Total Value $ 5,670, Accrued Income 14, Net Investment 2 $ 5,217, Advisory Fees This Quarter $ -9, This Year $ -19, Performance 3 This Quarter Year-to-Date Incp TWRR % 4.56 % 4.12 % Account Activity 4 This Quarter Year-to-Date Since Inception Beginning Value $ 5,685, $ 5,420, $ 4,822, Net Cntrbs/Wthdrwls , Capital Appreciation -7, , , Dividends 2, , , Interest , , Misc. Expenses Transaction Fees Gains & Losses Long-Term Short-Term Total Unrealized $ 330, $ 37, $ 367, Realized (YTD) 19, , Fixed Income % Short Bond Large Cap Large-Cap Growth Large Value & Dividend 6.05 Large-Cap Core 7.12 SMID Cap Mid Cap 4.73 Small Cap 4.32 SMID Cap 0.99 International International Growth 6.15 International Core International Emerging Markets 2.24 Int'l Emerging Mkts 2.24 Other Fixed Income 4.99 High Yield 4.99 Intermediate Bond Intermediate Bond Short Bond 4.95 Short Bond 4.95 Cash 2.35 Cash 2.35 Long Bond 2.04 Long Bond 2.04 Accounts 3 / Benchmarks 5 Market Value Net 2 Investment Qtr Year 6 1 Yr 3 Yrs 5 Yrs 10 Yrs Incp American Bus Association Foundation QY $ 4,087, $ 3,648, Incp: Feb 19, 2015 CSS - Bal Gro - American Bus Association Foundation Non Proprietary % 6.24 % % 5.52 % 72% S&P 500 TR, 18% MSCI World Ex US NR USD, 8% Bloomberg Barclays Capital U.S. Aggregate Bond, 2% Citigroup Treasury Bill - 3 Month

5 American Bus Association Foundation Data as of April 10, Aggregate Overview American Bus Association Foundation Accounts 3 / Benchmarks 5 Market Value Net 2 Investment Qtr Year 6 1 Yr 3 Yrs 5 Yrs 10 Yrs Incp American Bus Association Foundation Not for Profit QGR $ 1,583, $ 1,568, Incp: Feb 19, 2015 Franklin Portfolio Advisors Intermediate Fixed income Managed Account Bloomberg Barclays Capital Intermediate U.S. Government/Credit Index Performance Summary 7 TWRR Balanced Growth % Portfolio Value vs. Benchmark 8 Portfolio Value Benchmark Net Investment $ 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 This Quarter Year-to-Date Since Inception 0.0 Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Jul 16 Oct 16 Jan 17 Apr 17 0 Quarterly Performance Statistics 7 TWRR 3 Balanced Growth This Quarter % % Q Q Q Q

6 American Bus Association Foundation Data as of April 10, Aggregate Overview American Bus Association Foundation Periodic Performance Statistics 7 TWRR 3, 9 Balanced Growth Year-to-Date 4.56 % 3.99 % 1 Year Mar 31, Mar 31, Since Inception Feb 19, Apr 10,

7 American Bus Association Foundation Data as of April 10, Holdings Analysis American Bus Association Foundation Unrealized 10 Gains Losses Total Long Term $ 396, $ 66, $ 330, Short Term 55, , , Parent Style 11 $ Total % Total 2,304, Large Cap 1,583, Intermediate Bond 579, International 440, SMID Cap 283, Other Fixed Incom 280, Short Bond 114, International Eme 85, Cash % Equity Distribution By Sector 12, 13 $ Total % Total 568, Technology 542, Fixed Inc 480, Healthcare 382, Fin. Services 379, Cons. Cyclical 362, Cons. Defense 300, Comm. Svcs. 297, Industrials 215, Utilities 182, Energy 290, Other Invest Asset Class 14 $ Total % Total 1,583, Intermediate Bond 1,355, Lg Cap Gwth 948, Lg Value & Dividen 579, Int'l Core 283, High Yield 280, Short Bond 244, Small Cap 195, Mid Cap 114, Int'l Emerging Mkt 85, Cash % %

8 American Bus Association Foundation Data as of April 10, Performance by Style Type American Bus Association Foundation Style Type 15 / Benchmark 16 Market Value Style Pct Qtr Year 17 1 Yr 3 Yrs Incp Large Cap $ 2,351, % Incp: Feb 19, 2015 Composite Performance 0.09 % 8.58 % % 8.58 % Benchmark: S&P 500 TR Large-Cap Growth $ 1,386, % Incp: Feb 19, 2015 Composite Performance Benchmark: Russell 1000 Growth Large Value & Dividend $ 965, % Incp: Feb 19, 2015 Composite Performance Benchmark: Russell 1000 Value SMID Cap $ 449, % Incp: Feb 19, 2015 Composite Performance Benchmark: Russell Mid Cap $ 199, % Incp: Feb 19, 2015 Composite Performance Benchmark: Russell Midcap Growth Small Cap $ 249, % Incp: Feb 19, 2015 Composite Performance Benchmark: Russell 2000 Total Return Idx Total Return International $ 590, % Incp: Feb 19, 2015 Composite Performance Benchmark: MSCI World Ex Us GR USD International Core $ 590, % Incp: Feb 19, 2015 Composite Performance Benchmark: Morgan Stanley Cap Intl Index MSCI EAFE Net International Emerging Markets $ 116, % Incp: Feb 19, 2015 Composite Performance Benchmark: MSCI EM TRG USD

9 American Bus Association Foundation Data as of April 10, Performance by Style Type American Bus Association Foundation Style Type 15 / Benchmark 16 Market Value Style Pct Qtr Year 17 1 Yr 3 Yrs Incp Int'l Emerging Mkts $ 116, % Incp: Feb 19, 2015 Composite Performance Benchmark: MSCI EM NR Other Fixed Income $ 289, % Incp: Feb 19, 2015 Composite Performance Benchmark: Bloomberg Barclays Capital U.S. Aggregate Bond High Yield $ 289, % Incp: Feb 19, 2015 Composite Performance Benchmark: BofAML US HY Master II TR USD Intermediate Bond $ 1,583, % Incp: Feb 19, 2015 Composite Performance Benchmark: Bloomberg Barclays Capital Intermediate U.S. Government/Credit Index Intermediate Bond $ 1,583, % Incp: Feb 19, 2015 Composite Performance Benchmark: Bloomberg Barclays Capital U.S. Aggregate Bond Short Bond $ 286, % Incp: Feb 19, 2015 Composite Performance Benchmark: Bloomberg Barclays Capital 1-3 Govt/Credit Bond Short Bond $ 286, % Incp: Feb 19, 2015 Composite Performance Benchmark: Bloomberg Barclays Capital 1-5 Yr Treasury TR USD

10 American Bus Association Foundation Data as of April 10, Realized Gains/Losses (Year-to-date) American Bus Association Foundation QY Short Term Opened Closed Units Cost Basis 18 Proceeds Gain/Loss 10 Charles Schwab Corp SCHW Feb 18, 2016 i Jan 18, $ 1, $ 3, % Charles Schwab Corp SCHW Apr 28, 2016 i Feb 28, LKQ Corp LKQ Apr 12, 2016 i Mar 14, LKQ Corp LKQ Aug 30, 2016 i Mar 14, , , Total $ 13, % i denotes a "covered" security as defined by the IRS Code Section 6045(g)(3)(A) is a specified security acquired on or after the applicable effective date. Section 6045(g)(3)(A) defines stocks acquired on or after January 1, 2011, mutual fund and dividend reinvestment plan shares acquired on or after January 1, 2012, and options and debt instruments acquired on or after January 1, 2013, as "covered" securities. The Emergency Economic Stabilization Act of 2008 requires broker-dealers and mutual fund providers to report cost basis and holding period information to the taxpayer and the IRS on the sale of "covered" securities. Reporting will be phased in by security type over the next three years as stated above. Envestnet provides cost basis information for most stocks and mutual fund shares purchased and sold, if provided by the custodian, to clients as supplemental information only within the gains/losses report. Long Term Opened Closed Units Cost Basis 18 Proceeds Gain/Loss 10 Altria Group Inc MO Feb 23, 2015 i Mar 22, $ 4, $ 5, % AutoZone Inc AZO Sep 1, 2015 i Jan 10, , , Bristol-Myers Squibb Company BMY Feb 23, 2015 i Jan 31, , , Bristol-Myers Squibb Company BMY Apr 24, 2015 i Jan 31, , , Broadcom Ltd AVGO Jun 2, 2015 i Mar 14, , , Charles Schwab Corp SCHW Oct 7, 2015 i Jan 18, , , Charles Schwab Corp SCHW Feb 18, 2016 i Feb 28, , , Dollar Tree Inc DLTR Feb 24, 2015 i Jan 24, , , Johnson & Johnson JNJ Feb 23, 2015 i Mar 22, , , McDonald's Corp MCD Feb 23, 2015 i Mar 22, , , Nike Inc B NKE Feb 23, 2015 i Feb 7, , , Procter & Gamble Co PG Jan 13, 2015 i Feb 10, Procter & Gamble Co PG Feb 23, 2015 i Feb 10, , , Procter & Gamble Co PG Feb 23, 2015 i Apr 10, , , Ross Stores Inc ROST Feb 23, 2015 i Feb 15, , , Southern Co SO Feb 23, 2015 i Apr 10, , , The Estee Lauder Companies Inc Class A EL Mar 31, 2015 i Feb 7, , , The Estee Lauder Companies Inc Class A EL May 13, 2015 i Feb 7, , ,

11 American Bus Association Foundation Data as of April 10, Realized Gains/Losses (Year-to-date) American Bus Association Foundation QY Long Term Opened Closed Units Cost Basis 18 Proceeds Gain/Loss 10 The Kraft Heinz Co KHC Feb 23, 2015 i Feb 17, , , The Kraft Heinz Co KHC Apr 24, 2015 i Feb 17, , , Unilever PLC ADR UL Feb 23, 2015 i Feb 17, , , Total $ 129, % i denotes a "covered" security as defined by the IRS Code Section 6045(g)(3)(A) is a specified security acquired on or after the applicable effective date. Section 6045(g)(3)(A) defines stocks acquired on or after January 1, 2011, mutual fund and dividend reinvestment plan shares acquired on or after January 1, 2012, and options and debt instruments acquired on or after January 1, 2013, as "covered" securities. The Emergency Economic Stabilization Act of 2008 requires broker-dealers and mutual fund providers to report cost basis and holding period information to the taxpayer and the IRS on the sale of "covered" securities. Reporting will be phased in by security type over the next three years as stated above. Envestnet provides cost basis information for most stocks and mutual fund shares purchased and sold, if provided by the custodian, to clients as supplemental information only within the gains/losses report.

12 American Bus Association Foundation Data as of April 10, Performance by Manager American Bus Association Foundation QY Manager 15 / Benchmark 16 Market Value Manager Pct Qtr Year 17 1 Yr 3 Yrs Incp Large-Cap Growth $ 1,386, % Incp: Feb 19, 2015 MFS Growth Private Portfolio Managed Account 0.16 % % % 8.85 % Benchmark: Russell 1000 Growth Large Value & Dividend $ 965, % Incp: Feb 19, 2015 Federated Strategic Value Dividend Managed Account Benchmark: Russell 1000 Value Mid Cap $ 199, % Incp: Feb 19, 2015 ishares Core S&P Mid-Cap Benchmark: S&P 400 Midcap Small Cap $ 249, % Incp: Feb 19, 2015 ishares Core S&P Small-Cap Benchmark: Russell 2000 Total Return Idx Total Return High Yield $ 289, % Incp: Feb 19, 2015 Franklin High Income Adv Benchmark: BofAML US HY Master II TR USD International Core $ 590, % Incp: Feb 19, 2015 Vanguard FTSE Developed Markets ETF Benchmark: Morgan Stanley Cap Intl Index MSCI EAFE Net Int'l Emerging Mkts $ 116, % Incp: Feb 19, 2015 Vanguard FTSE Emerging Markets ETF Benchmark: MSCI EM NR Short Bond $ 286, % Incp: Feb 19, 2015 Vanguard Short-Term Bond ETF Benchmark: Bloomberg Barclays Capital 1-5 Yr Treasury TR USD

13 American Bus Association Foundation Data as of April 10, Realized Gains/Losses (Year-to-date) American Bus Association Foundation Not for Profit QGR Short Term Opened Closed Units Cost Basis 19 Proceeds Gain/Loss 10 No Short Term Realized Gains/Losses for this period Long Term Opened Closed Units Cost Basis 19 Proceeds Gain/Loss 10 American Express Co AX7 Feb 24, 2015 i Feb 23, , $ 41, $ 40, % Total $ 40, % i denotes a "covered" security as defined by the IRS Code Section 6045(g)(3)(A) is a specified security acquired on or after the applicable effective date. Section 6045(g)(3)(A) defines stocks acquired on or after January 1, 2011, mutual fund and dividend reinvestment plan shares acquired on or after January 1, 2012, and options and debt instruments acquired on or after January 1, 2013, as "covered" securities. The Emergency Economic Stabilization Act of 2008 requires broker-dealers and mutual fund providers to report cost basis and holding period information to the taxpayer and the IRS on the sale of "covered" securities. Reporting will be phased in by security type over the next three years as stated above. Envestnet provides cost basis information for most stocks and mutual fund shares purchased and sold, if provided by the custodian, to clients as supplemental information only within the gains/losses report.

14 American Bus Association Foundation Data as of April 10, Disclosures TD Private Client Group is a unit of TD Wealth in the United States, which is a business of TD Bank N.A., member FDIC (TD Bank). TD Private Client Group provides its clients access to bank and non-bank products and services. Banking and trust services are available through TD Bank. Securities and investment advisory products are available through TD Private Client Wealth LLC, member FINRA/SIPC (TDPCW). TD Asset Management USA, Inc. (TDAM USA) and Epoch Investment Partners, Inc. (Epoch) are federally registered investment advisers that provide investment management services to TD Wealth. TD Bank, TDPCW, TDAM USA, and Epoch are affiliates. TD Bank, TD PCW, their affiliates, and TD Wealth Relationship Managers and Advisors do not provide legal or tax advice. Any tax advice in this material is not intended or written to be used, and cannot be used, by any recipient for the avoidance of penalties under federal tax laws. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Past performance is no guarantee of future results. The information and data is being provided at your request and is from sources believed to be reliable but their accuracy is not guaranteed. It does not reflect future values or future performance of any security, strategy, or investment product. TD Bank and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered. For a complete list of the benchmark indexes used in this report and additional information about the benchmarks used, please contact your Investment Advisor. Time Weighted Rate of Return (TWRR) is calculated net of all fees and on a pre-tax basis. TWRR assume that all cash distributions (i.e. dividends, interest, etc.) are reinvested back into the portfolio. In addition, the TWRR calculation eliminates the effects of cash flows in and out of the portfolio, in essence treating the portfolio as if there were a single investment at the beginning of the measurement period. TWRR is used to compare your portfolio returns versus benchmark indices (such as S&P 500).

15 American Bus Association Foundation Data as of April 10, Disclosure Notes 1 These reports are not to be construed as an offer or the solicitation of an offer to buy or sell securities mentioned herein. Information contained in these reports is based on sources and data believed reliable. The information used to construct these reports was received via a variety of sources. These reports are for informational purposes only. These reports do not take the place of any brokerage statements, any fund company statements, or the 1099 tax forms. You are urged to compare this report with the statement you receive from your custodian covering the same period. Differences in positions may occur due to reporting dates used and whether certain assets are not maintained by your custodian. There may also be differences in the investment values shown due to the use of differing valuation sources and methods. 2 Net Investment is the total value of contributions and withdrawals (excluding unsupervised assets) made by the client since the inception date of the account. This includes Misc. Expenses received from the custodian. 3 Time Weighted Rate of Return (TWRR) is calculated net of all fees. Time Weighted Rate of Return (TWRR) is used to compare your portfolio returns versus benchmark indices (such as S&P 500). 4 "Beginning Value": the account's value at the beginning of each period; "Contributions": the value of deposits from the client into the account for each period; "Withdrawals": withdrawals from the account for each period; "Capital Appreciation": all realized and unrealized changes in market value during the period; "Dividends": the amount of dividends received from stocks or mutual funds for each period; "Interest": the amount of interest received for each period; "Misc Expenses": the amount of non trade related fees charged by the custodian (wire fee, overnight fee, ATM Fee, ACH Fee, etc.) for each period; "Transaction Fees": the amount of transaction fees charged to the account for each period (for informational purposes only, all transactions are net of transaction fees). 5 A benchmark is an unmanaged index, and its performance does not include any advisory fees, transaction costs or other charges that may be incurred in connection with your investments and/or managed accounts listed. Any benchmark whose return is shown for comparison purposes may include different holdings, a different number of holdings, and a different degree of investment in individual securities, industries or economic sectors than the investments and/or investment accounts to which it is compared. Investors cannot invest directly into a benchmark or index. All portfolio returns for all periods are expressed in USD. All benchmark(s) returns reflect the same currency as the portfolio returns presented. Yearly performance values (e.g. 3 Years) shown are from the specified period up to Mar 31, Year is Mar 31, 2016 to Mar 31, These figures compare the Time Weighted Rate of Return (TWRR) of your account with a benchmark index. "Balanced Growth" refers to a blend composed of 48% S&P 500 TR, 38% Bloomberg Barclays Capital U.S. Aggregate Bond, 12% MSCI World Ex US NR USD, 2% Citigroup Treasury Bill - 3 Month. A benchmark is an unmanaged index, and its performance does not include any advisory fees, transaction costs or other charges that may be incurred in connection with your investments and/or managed accounts listed. Any benchmark whose return is shown for comparison purposes may include different holdings, a different number of holdings, and a different degree of investment in individual securities, industries or economic sectors than the investments and/or investment accounts to which it is compared. Investors cannot invest directly into a benchmark or index. All portfolio returns for all periods are expressed in USD. All benchmark(s) returns reflect the same currency as the portfolio returns presented. 8 Benchmark designates 48% S&P 500 TR, 38% Bloomberg Barclays Capital U.S. Aggregate Bond, 12% MSCI World Ex US NR USD, 2% Citigroup Treasury Bill - 3 Month. A benchmark is an unmanaged index, and its performance does not include any advisory fees, transaction costs or other charges that may be incurred in connection with your investments and/or managed accounts listed. Any benchmark whose return is shown for comparison purposes may include different holdings, a different number of holdings, and a different degree of investment in individual securities, industries or economic sectors than the investments and/or investment accounts to which it is compared. Investors cannot invest directly into a benchmark or index. All portfolio returns for all periods are expressed in USD. All benchmark(s) returns reflect the same currency as the portfolio returns presented. 9 Returns for greater than one year are annualized. 10 Capital gain/loss data presented here is a general guide and should not be relied upon in the preparation of your tax returns. 11 The Parent Style Summary and the Parent Style Graph display totals for the top Parent Style groupings, smaller Parent Style groupings are combined under the "Other" heading.

16 American Bus Association Foundation Data as of April 10, Disclosure Notes 12 The Group By Equity Distribution By Sector Holdings Report includes only Stocks & Funds Holdings. The Equity Distribution By Sector Summary and the Equity Distribution By Sector Graph include totals from "Multiple Sectors" funds. The Equity Distribution By Sector Summary and the Equity Distribution By Sector Graph display totals for the top Equity Distribution By Sector groupings, smaller Equity Distribution By Sector groupings are combined under the "Other Invest" heading. 13 Parent style classifications are provided by Morningstar, Inc. and mapped into one of the style classifications supported on this platform. Sector information is provided by Morningstar. Bond type and rating information is provided by Interactive Data Corporation. 14 The Asset Class Summary and the Asset Class Graph display totals for the top Asset Class groupings, smaller Asset Class groupings are combined under the "Other" heading. 15 Performance is shown gross of all fees. 16 A benchmark is an unmanaged index, and its performance does not include any advisory fees, transaction costs or other charges that may be incurred in connection with your investments and/or managed accounts listed. Any benchmark whose return is shown for comparison purposes may include different holdings, a different number of holdings, and a different degree of investment in individual securities, industries or economic sectors than the investments and/or investment accounts to which it is compared. Investors cannot invest directly into a benchmark or index. All portfolio returns for all periods are expressed in USD. All benchmark(s) returns reflect the same currency as the portfolio returns presented Year indicates the period from Mar 31, 2016 to Mar 31, "First-In First-Out (For Mutual Fund: First-In First-Out)" is the current accounting method. This method changed from "First-In First-Out (For Mutual Fund: Average Cost)" effective on "Highest Cost Long Term Lot (For Mutual Fund: Highest Cost Long Term Lot)" is the current accounting method. This method changed from "First-In First-Out (For Mutual Fund: Average Cost)" effective on