Benchmark Data & Technology Infrastructure SCTR℠ Index · 1 •Benchmark Indexes can serve as the basis for exchange traded funds (ETFs) and institutional asset mandates. •It

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• Benchmark Indexes can serve as the basis for exchange traded funds (ETFs) and institutional asset mandates. • It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable

instruments based on that index.• Benchmark Investments does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is

offered by third parties and that seeks to provide an investment return based on the performance of any index. • Please refer to the disclaimers at the end of this document for more information about Benchmark Investments relationship to such

third party product offerings.

SRVR℠

InvestBenchmark.com

Benchmark Data & Technology Infrastructure SCTR℠ IndexPerformance Statistics

SRVR℠ Index

Foundation of Tech

Our economy depends on an increasingly sophisticated backbone of data centers, wireless towers, and fiber optic networks to move critical data and analytics in and out of SRVRs.

Benchmark Data & Technology Infrastructure SCTR℠ Index

SRVR℠ Index

Holdings & Characteristics

Symbol Security Name Weight

EQIX Equinix Inc 16.08%

AMT American Tower Corp 13.69%

CCI Crown Castle International 12.64%

ZAYO Zayo Group Holdings 5.46%

SBAC SBA Communications 4.96%

QTS QTS Realty Trust 4.88%

OUT Outfront Media 4.83%

CONE CyrusOne Inc 4.73%

DLR Digital Realty 4.65%

LAMR Lamar Advertising 4.61%

Weighted Average Market Cap ($mil) 31,278.62

Dividend Yield (%) 3.25

Price to Funds from Operations (FFO) 17.99

As of 4/18/19

As of 3/31/19

SRVR℠ 5 Year Performance

SRVRIntelligence Revolution

Stock Market

Real Estate

ANNUALIZED RETURNS

Return is the amount of money an investment made for a portfolio. Return is given as a percentage.

BETA

Beta is a measure of a strategy's

sensitivity to market movements.

S&P 500 Index

Annual Return: 10.91%

Technology Select Sector Index

Annual Return: 17.24%

Annual Return: 15.06% Beta: 0.86

Beta: 1.07

Beta: 1.00

SRVR Index

Time Period: 4/1/2014 to 3/31/2019Source: Benchmark Investments, Bloomberg, Morningstar DirectIndex Performance are Net of Fees

ALPHAA measure of the difference between a strategy'sactual returns and its expected performance, givenits level of risk as measured by beta.

A positive alpha figure indicates the strategy hasperformed better than its beta would predict. Incontrast, a negative alpha indicates the strategy'sunderperformance, given the expectationsestablished by the strategy's beta.

SHARPE RATIO

This risk-adjusted measure was developed by NobelLaureate William Sharpe. It is calculated by usingstandard deviation and excess return to determinereward per unit of risk. The higher the Sharpe ratio,the better the fund's historical risk-adjustedperformance. It is calculated for the past 36-monthperiod by dividing a portfolios' annualized excessreturns over the risk-free rate by its annualizedstandard deviation.

The Sharpe ratio can be used to compare directlyhow much risk two funds each had to bear to earnexcess return over the risk-free rate.

Alpha: 0.00

Alpha: 5.20

Alpha: 5.54

Sharpe Ratio: 0.95

Sharpe Ratio: 1.20

S&P 500 Index


SRVR Index

Sharpe Ratio: 1.19


UP/DOWN CAPTURE RATIOS

Upside/downside capture ratio showwhether a given strategy hasoutperformed, gained more or lost lessthan, a broad market benchmark duringperiods of market strength andweakness, and if so, by how much.Upside capture ratios for strategy's arecalculated by taking the strategy'smonthly return during months whenthe benchmark had a positive returnand dividing it by the benchmark returnduring that same month. Downsidecapture ratios are calculated by takingthe fund's monthly return during theperiods of negative benchmarkperformance and dividing it by thebenchmark return.

Up Capture: 105.71% Down Capture: 75.01%

S&P 500 Index


SRVR Index

Up Capture: 125.18% Down Capture: 95.06%

Up Capture: 100% Down Capture: 100%


SRVR: 5 Year Low Volatility & High Alpha

• Alpha: 5.54

• Annual Return: 15.06%

• Upside Capture: 105.71%

• Downside Capture: 75.01%

• Sharpe Ratio: 1.20

• Beta: 0.86

SRVR Index

• Alpha: 5.20


• Upside Capture: 125.18%

• Downside Capture: 95.06%


• Beta: 1.07

S&P 500 Index

• Alpha: 0.00


• Upside Capture: 100%

• Downside Capture: 100%


• Beta: 1.00



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Data quoted represents past performance, which is no guarantee of future results. The information presented above does not reflectthe performance of any fund or account managed or serviced by Benchmark Investments, and there is no guarantee that investors willexperience the type of performance reflected above. There is no guarantee that any historical trend illustrated herein will be repeatedin the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that any market forecastmade in this commentary will be realized. The mention of specific securities is not a recommendation or solicitation for any person tobuy, sell or hold any particular security and should not be relied upon as investment advice. The views and opinions in the precedingcommentary are as of the date of publication and are subject to change without notice. This material represents an assessment of themarket environment at a specific point in time, should not be relied upon as investment advice, is not intended to predict or depictperformance of any investment and does not constitute a recommendation or an offer for a particular security. We consider theinformation in this presentation to be accurate, but we do not represent that it is complete or should be relied upon as the sole sourceof suitability for investment.

Publication Date: Spring 2019

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Benchmark Data & Technology Infrastructure SCTR℠ Index · 1 •Benchmark Indexes can serve as the basis for exchange traded funds (ETFs) and institutional asset mandates. •It