//207 through 3/3/207 Quarterly Performance Report 207 Black Diamond Performance Reporting, LLC - 42008 Page of 3
Portfolio Overview Portfolio Value Summary Month Quarter Year to Date Last 2 Months Last 3 Years Since 0/0/5 Beginning Market Value 0,522,856 0,239,365 0,239,365 8,876,80 0 0 Net Additions 43,679 5,93 5,93 728,226 9,35,565 9,35,565 Gain/Loss 28,898 340,37 340,37 99,026,243,868,243,868 Ending Market Value Total Weighted Benchmark 0,595,432 0,595,432 0,595,432 0,595,432 0,595,432 0,595,432 0.3 % 3.3 % 3.3 % 0.9 % -- 9.2 % 0. % 2.7 % 2.7 % 9.9 % 8.0 % Annualized Portfolio s Portfolio Performance Since Inception 207 Black Diamond Performance Reporting, LLC - 42008 Page 2 of 3
Portfolio Snapshot Portfolio Target & Actual Allocation Portfolio Allocation by Class 3/3/207 Market Value Allocation CFNV - Pooled Investment Fund 0,595,432 00.0 % Cash 555,87 5.2 % Fixed Income 3,092,954 29.2 % Domestic Equities 4,985,480 47. % International Equities,460,388 3.8 % Alternatives 50,423 4.7 % MPT Summary MPT statistics are based on since inception. Std. Deviation Sharpe Ratio Sortino 6.72 %.30 0.23 Portfolio Performance Beta Alpha Treynor.02.02 0.72 0.00 0.00 0.00 Portfolio Performance CFNV - Pooled Investment Fund Month Quarter Year to Date 0.3 % 3.3 % 3.3 % Segment Blended Benchmark 0. % 2.7 % 2.7 % Top 0 Holdings Top 0 Holdings. ISHARES MSCI EAFE ETF 678,96 (6.4%) 2. VANGUARD FIXED INCOME SECS FD INFL PROT SECS 677,60 (6.4%) 3. ISHARES FLOATING RATE BOND ETF 657,393 (6.2%) 4. SPDR S&P 500 ETF 69,053 (5.8%) 5. VANGUARD SMALL CAP VALUE INDEX 593,88 (5.6%) 6. BB&T TRUST DEPOSIT RIS 555,87 (5.2%) 7. ISHARES RUSSELL 000 GROWTH ETF 523,935 (4.9%) 8. GATEWAY FUND CLASS Y 52,686 (4.8%) 9. ISHARES RUSSELL 000 VALUE ETF 485,736 (4.6%) 0. ISHARES IBOXX $ INVESTMENT GRADE CORPORATE 473,29 (4.5%) 207 Black Diamond Performance Reporting, LLC - 42008 Page 3 of 3
Target vs. Actual Allocation Review Actual Allocation Allocation Drift CFNV Target Allocation Allocation Target Difference Market Value Target Value Difference CFNV - Pooled Investment F 00.0 % 00.0 % 0.0 % 0,595,432 0,595,432 0 Cash 5.2 % 5.0 % 0.2 % 555,87 529,772 25,45 Fixed Income 29.2 % 30.0 % -0.8 % 3,092,954 3,78,630-85,676 Domestic Equities 47. % 47.0 % 0. % 4,985,480 4,979,853 5,627 International Equities 3.8 % 3.0 % 0.8 %,460,388,377,406 82,982 Alternatives 4.7 % 5.0 % -0.3 % 50,423 529,772-28,349 207 Black Diamond Performance Reporting, LLC - 42008 Page 4 of 3
Portfolio Holdings and Performance Summary Month 3/3/207 Market Value Allocation Quarter Year to Date Since 0/0/5 CFNV - Pooled Investment Fund 0,595,432 00.0 % 0.3 % 3.3 % 3.3 % 9.2 % Cash 555,87 5.2 % 0. % 0. % 0. % -2.3 % Cash & Cash Equivalents 555,87 5.2 % 0. % 0. % 0. % -2.3 % 90 DAY TREASURY BILL 0. % 0. % 0. % 0.3 % BB&T TRUST DEPOSIT RIS 555,87 5.2 % 0. % 0. % 0. % -2.3 % Fixed Income 3,092,954 29.2 % 0.0 %.4 %.4 % 4.3 % Domestic Fixed Income 2,576,58 24.3 % -0. %.3 %.3 % 3.9 % BLOOMBERG BARCLAYS AGGR BOND INDEX COMPOSITE INDX -0. % 0.8 % 0.8 %.9 % ISHARES FLOATING RATE BOND ETF 657,393 6.2 % 0.2 % 0.5 % 0.5 %.5 % ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF 473,29 4.5 % -0.3 %.3 %.3 % 4.6 % ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF 450,663 4.3 % -0. % 2.3 % 2.3 % 9.9 % VANGUARD FIXED INCOME SECS FD INFL PROT SECS 677,60 6.4 % -0. %.3 %.3 % 3.0 % VANGUARD INTER TERM BOND INDEX FD INVESTOR SHR 37,20 3.0 % 0.0 %.3 %.3 % 2.0 % International Fixed Income 56,796 4.9 % 0.3 %.9 %.9 % 6.6 % BLOOMBERG BARCLAYS GLOBAL AGGREGATE GLBL AGGREGATE 0.2 %.8 %.8 %.7 % ISHARES J.P. MORGAN USD EMERGING MARKETS BOND ETF 276,405 2.6 % 0.5 % 4.0 % 4.0 % 9.9 % VANGUARD TOTAL INTERNATIONAL BOND ETF 240,39 2.3 % 0.0 % -0. % -0. % 3.4 % Domestic Equities 4,985,480 47. % -0.2 % 3.9 % 3.9 % 3.4 % Hedged Equity 52,686 4.8 % 0. % 2.5 % 2.5 % 7.5 % 2 *HFRI EQUITY HEDGE (TOTAL) INDEX 0.6 % 3.6 % 3.6 % 7.4 % GATEWAY FUND CLASS Y 52,686 4.8 % 0. % 2.5 % 2.5 % 5.9 % 2 Large Cap Core 69,053 5.8 % -0.3 % 5.8 % 5.8 % 6.8 % RUSSELL INDEX 000 WITH/DIV 0. % 6.0 % 6.0 % 6.8 % SPDR S&P 500 ETF 69,053 5.8 % -0.3 % 5.8 % 5.8 % 6.8 % Large Cap Growth 523,935 4.9 % 0.9 % 8.5 % 8.5 % 5.7 % RUSSELL INDEX 000 GR WITH/DIV.2 % 8.9 % 8.9 % 5.9 % ISHARES RUSSELL 000 GROWTH ETF 523,935 4.9 % 0.9 % 8.5 % 8.5 % 5.7 % Large Cap Value 485,736 4.6 % -.5 % 2.6 % 2.6 % 7.7 % RUSSELL INDEX 000 VL WITH/DIV -.0 % 3.3 % 3.3 % 7.9 % ISHARES RUSSELL 000 VALUE ETF 485,736 4.6 % -.5 % 2.6 % 2.6 % 7.7 % SMID Cap Core 54,678 5. % 0.2 % 2.0 % 2.0 % 7.0 % RUSSELL INDEX 2000 WITH/DIV 0. % 2.5 % 2.5 % 8.6 % ISHARES MICRO-CAP ETF 230,998 2.2 % 0.7 % -0.2 % -0.2 % 6.8 % 207 Black Diamond Performance Reporting, LLC - 42008 Page 5 of 3
Month 3/3/207 Market Value Allocation Quarter Year to Date Since 0/0/5 VANGUARD SMALL CAP STOCK INDEX TRUST 30,680 2.9 % -0.2 % 3.7 % 3.7 % 7.2 % SMID Cap Growth 459,276 4.3 % 0.9 % 5.0 % 5.0 % 4.7 % RUSSELL INDEX 2000 GR WITH/DIV.2 % 5.3 % 5.3 % 4.6 % ISHARES RUSSELL 2000 GROWTH ETF 459,276 4.3 % 0.9 % 5.0 % 5.0 % 4.7 % SMID Cap Value 593,88 5.6 % -0.8 %.9 %.9 % 20. % RUSSELL INDEX 2000 VL DIV REIN -0.8 % -0. % -0. % 22.6 % VANGUARD SMALL CAP VALUE INDEX 593,88 5.6 % -0.8 %.9 %.9 % 20. % MLPs 406,495 3.8 % 0.0 % 3.7 % 3.7 % 8.3 % ALERIAN MLP INDEX AMZ -.3 % 2.2 % 2.2 %.5 % JP MORGAN ALERIAN MLP ETN 406,495 3.8 % 0.0 % 3.7 % 3.7 % 8.3 % REITs 32,775 3.0 % -0.5 % 4. % 4. % 9.4 % FTSE EPRA/NAREIT DEVELOPED(USD) -2.0 %.4 %.4 % 3.7 % VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX 64,360.6 %.3 % 7.5 % 7.5 % 7.2 % VANGUARD REIT INDEX ETF 48,44.4 % -2.4 % 0.8 % 0.8 % 0.7 % Commodities 530,658 5.0 % -0.7 % 3.6 % 3.6 % -0.6 % S&P GSCI INDEX TR TOTAL RETURN -3.9 % -5. % -5. % -7.6 % ENERGY SELECT SECTOR SPDR FUND 5,823.4 % -.5 % -6.6 % -6.6 % 2. % SPDR GOLD ETF 378,836 3.6 % -0.4 % 8.5 % 8.5 % 2.9 % 2 International Equities,460,388 3.8 % 2.8 % 9. % 9. % 2.2 % Emerging Markets 362,485 3.4 % 2.8 %.3 %.3 % 5.0 % MSCI EMERGING EM (EMERGING MKTS) (USD) 2.3 %. %. % 3.0 % VANGUARD FTSE EMERGING MARKETS ETF 362,485 3.4 % 2.8 %.3 %.3 % 5.0 % International Developed,097,904 0.4 % 2.8 % 8.4 % 8.4 %. % MSCI DEVELOPED EAFE (USD) (TRG) 2.9 % 7.4 % 7.4 % 8.8 % ISHARES MSCI EAFE ETF 678,96 6.4 % 3.2 % 8.0 % 8.0 % 8.4 % WISDOMTREE INTL SMALLCAP DIVIDEND 48,943 4.0 % 2. % 9. % 9. % 5.0 % Alternatives 50,423 4.7 % -0.8 % -.0 % -.0 % -0.7 % Diversified Alternatives 279,060 2.6 % 0.0 %.5 %.5 % 0.9 % WILSHIRE LIQ ALT MUTLI-STRAT I TOTAL RETURN USD - (Daily) 0. % 2. % 2. %.4 % IQ HEDGE MULTI-STRATEGY TRACKER ETF 279,060 2.6 % 0.0 %.5 %.5 % 0.9 % Managed Futures 222,363 2. % -.8 % -4. % -4. % -2.9 % CREDIT SUISSE MANAGED FUTURES HEDGE FUND INDEX 0.0 % 0.9 % 0.9 % -4.7 % WISDOMTREE MANAGED FUTURES STRATEGY FUND 222,363 2. % -.8 % -4. % -4. % -2.9 % Annualized 207 Black Diamond Performance Reporting, LLC - 42008 Page 6 of 3
2 Not Held Entire Period Month 3/3/207 Market Value Allocation Quarter Year to Date Since 0/0/5 207 Black Diamond Performance Reporting, LLC - 42008 Page 7 of 3
Summary of Portfolio Accounts Start Date 3/3/207 Market Value Last Valuation Date CFNV - Pooled Investment Fund 0/0/5 0,595,432 0 Non-Taxable 0/0/5 0,595,432 0 89800077 - CFNV - CFA, Endowment 0/0/5 0,595,432 3/3/207 0 Accrued Interest When the last valuation date of an account is not current, some or all account information may not yet be available. 207 Black Diamond Performance Reporting, LLC - 42008 Page 8 of 3
Date Range: //207-3/3/207 Projected Income Report Projected Income 4/7 5/7 6/7 7/7 8/7 9/7 0/7 /7 2/7 /8 2/8 3/8 Total Cash & Equivalents BB&T TRUST DEPOSIT RIS -- CASH -- CASH AND MARGIN INTEREST -- Total 0 0 0 0 0 0 0 0 0 0 0 0 -- Domestic FI ISHARES FLOATING RATE BOND ETF 6 6 6 6 6 6 6 6 6 6 6 6 7,327 ISHARES IBOXX $ INVESTMENT GRADE,292,292,292,292,292,292,292,292,292,292,292,292 5,503 CORPORATE BOND ETF ISHARES IBOXX HIGH YIELD,930,930,930,930,930,930,930,930,930,930,930,930 23,60 CORPORATE BOND ETF VANGUARD FIXED INCOME SECS FD 5,787 5,787 5,787 5,787 23,47 INFL PROT SECS VANGUARD INTER TERM BOND INDEX 670 670 670 670 670 670 670 670 670 670 670 670 8,040 FD INVESTOR SHR Total 4,503 4,503 0,289 4,503 4,503 0,289 4,503 4,503 0,289 4,503 4,503 0,289 77,77 International FI ISHARES J.P. MORGAN USD EMERGING,086,086,086,086,086,086,086,086,086,086,086,086 3,028 MARKETS BOND ETF VANGUARD TOTAL INTERNATIONAL 369 369 369 369 369 369 369 369 369 369 369 369 4,428 BOND ETF Total,455,455,455,455,455,455,455,455,455,455,455,455 7,456 Hedged Equity GATEWAY FUND CLASS Y,856,856,856,856 7,425 Total 0 0,856 0 0,856 0 0,856 0 0,856 7,425 Large Cap Core SPDR S&P 500 ETF 2,969 2,969 2,969 2,969,876 Total 0 0 2,969 0 0 2,969 0 0 2,969 0 0 2,969,876 Large Cap Growth ISHARES RUSSELL 000 GROWTH ETF,690,690,690,690 6,759 Total 0 0,690 0 0,690 0 0,690 0 0,690 6,759 Large Cap Value ISHARES RUSSELL 000 VALUE ETF 2,630 2,630 2,630 2,630 0,59 Total 0 0 2,630 0 0 2,630 0 0 2,630 0 0 2,630 0,59 SMID Cap Core ISHARES MICRO-CAP ETF 669 669 669 669 2,675 VANGUARD SMALL CAP STOCK INDEX,02,02,02,02 4,408 TRUST Total 0 0,77 0 0,77 0 0,77 0 0,77 7,083 207 Black Diamond Performance Reporting, LLC - 42008 Page 9 of 3
Date Range: //207-3/3/207 4/7 5/7 6/7 7/7 8/7 9/7 0/7 /7 2/7 /8 2/8 3/8 Total SMID Cap Growth ISHARES RUSSELL 2000 GROWTH ETF,0,0,0,0 4,406 Total 0 0,0 0 0,0 0 0,0 0 0,0 4,406 SMID Cap Value VANGUARD SMALL CAP VALUE INDEX 2,543 2,543 2,543 2,543 0,72 Total 0 0 2,543 0 0 2,543 0 0 2,543 0 0 2,543 0,72 MLPs JP MORGAN ALERIAN MLP ETN 6,302 6,302 6,302 6,302 25,209 Total 0 6,302 0 0 6,302 0 0 6,302 0 0 6,302 0 25,209 REITs VANGUARD GLOBAL EX-U.S. REAL,922,922,922,922 7,687 ESTATE INDEX VANGUARD REIT INDEX ETF,64,64,64,64 6,563 Total 0 0 3,562 0 0 3,562 0 0 3,562 0 0 3,562 4,250 Commodities ENERGY SELECT SECTOR SPDR FUND 906 906 906 906 3,624 SPDR GOLD ETF -- Total 0 0 906 0 0 906 0 0 906 0 0 906 3,624 Emerging Markets VANGUARD FTSE EMERGING MARKETS 2,085 2,085 2,085 2,085 8,34 ETF Total 0 0 2,085 0 0 2,085 0 0 2,085 0 0 2,085 8,34 International Dvlpd ISHARES MSCI EAFE ETF 9,652 9,652 9,304 WISDOMTREE INTL SMALLCAP 3,88 3,88 3,88 3,88 2,75 DIVIDEND Total 0 0 2,840 0 0 3,88 0 0 2,840 0 0 3,88 32,055 Div. Alternatives IQ HEDGE MULTI-STRATEGY TRACKER 5 5 ETF Total 0 0 0 0 0 0 0 0 5 0 0 0 5 Managed Futures WISDOMTREE MANAGED FUTURES -- STRATEGY FUND Total 0 0 0 0 0 0 0 0 0 0 0 0 -- Totals 5,957 2,259 45,697 5,957 2,259 36,045 5,957 2,259 45,702 5,957 2,259 36,045 236,356 Asset does not contain sufficient data to project income. 207 Black Diamond Performance Reporting, LLC - 42008 Page 0 of 3
Risk-Adjusted Analysis 207 Black Diamond Performance Reporting, LLC - 42008 Page of 3
Risk Analysis Standard Deviation Sharpe Ratio 207 Black Diamond Performance Reporting, LLC - 42008 Page 2 of 3
Disclaimer Information contained in this report is from sources believed to be reliable. We cannot guarantee the accuracy or completeness of such information and we assume no liability for damages resulting from or arising out of the use of such information. Additionally, because we do not render legal or tax advice, this report should not be regarded as such. Capital Fiduciary Advisors, LLC may have received inaccurate initial cost basis information (information on securities acquired prior to the date Capital Fiduciary Advisors, LLC was engaged) on certain investments. Accordingly, realized gains and losses may not be accurate. Indices included in this report are for purposes of comparing your returns to the returns on a broad-based index of securities most comparable to the types of securities held in your account(s). Although your account(s) invest in securities that are generally similar in type to the related indices, the particular issuers, industry segments, geographic regions, and weighting of investments in your account do not necessarily track the index. The indices assume reinvestment of dividends and do not reflect deduction of any fees or expenses. Past performance is not indicative of future returns. You are encouraged to compare the account information in this report with the account information sent to you from your custodian. Not FDIC Insured - No Bank Guarantee - May Lose Value 207 Black Diamond Performance Reporting, LLC - 42008 Page 3 of 3