RISK QUESTIONNAIRE

① What is your estimated annual income (including employment paycheck, alimony, Social Security, investment and all other income)? $0-$25,000 $25,001-$50,000 $50,001-$100,000 $100,001-$250,000 $250,001-$500,000 $500,000-$1 million Over $1 million

② What percentage of your total investments will you invest in this account? More than 75% of my total investments Between 25% and 75% of my total investments Less than 25% of my total investments

③ What is your age? < 25 25 - 50 50 - 65 > 65

④ Are your holdings outside this account well diversified? My holdings in this account are the majority of my net worth and I am looking for diversification and safety with this investment My holdings in this account are not the majority of my net worth and I am not looking for diversification in this account

⑤ What is your current employment status? Retired Unemployed with diminished future job prospects Unemployed and actively looking for a job Unemployed and independently wealthy Employed full-time Employed part-time Self-employed Homemaker

⑥ How do you expect your annual income to change over the next five years? Decrease a little Decrease significantly Stay about the same Increase modestly Increase significantly

⑦ What is your estimated net worth (i.e., assets minus liabilities, excluding your residence)? $0-$25,000 $25,001-$100,000 $100,001-$250,000 $250,001-$500,000 $500,001-$1,000,000 $1,000,000-$5,000,000 Over $5,000,000

⑧ How important is it for you to be able to quickly and easily sell all or a part of the investments in this account without losing significant value? Very important Important Somewhat important I have a specific liquidity need Not at all important

⑨ Do you want more or less risk when compared to passively investing in broad equity market index like S&P? Capital preservation Cautious growth Moderate growth similar to that of S&P 500 Growth plus Aggressive growth Speculative growth

⑩ How long do you have to meet your financial goal for this account? I have less than 1 year to meet my financial goal I have up to 5 years to meet my financial goals I have greater than 5 years to meet my goals

⑪ When do you plan to retire? Within 1 year 2-5 years 6-10 years 11+ years

⑫ For this account, which of the following statements best describes your thoughts regarding the trade-off between returns and volatility? When investing, I am more concerned about my portfolio losing value and the return achieved is of secondary importance The potential for loss is of equal importance as the return achieved I am most focused on the return potential, and the potential for losses is of secondary importance

⑬ How much risk are you willing to take when making a substantial investment? No risk of loss Minimal risk of loss Moderately low risk of loss 50% risk of loss

⑭ If a substantial portion of your investments were securities and the stock market experienced a significant drop in value during a market decline (e.g., over 10% in a month), what would you do? Sell all remaining investments Sell a portion of my remaining investments Hold onto all investments Hold onto or buy more of the investments

⑮ How would characterize your openness to taking on investment risk compared to your colleagues, friends or family? A lot more risk-averse More risk-averse About the same More willing to take risk A lot more willing to take risk

⑯ How much financial risk are you willing to take at this point in your life? None Very little Average Some Large Very large

⑰ Which statement best describes your investment experience? I am new to investing I have some investment experience I am an experienced investor

⑱ How averse are you to risk and to loss of capital in this account? I have zero tolerance for risk I can tolerate the risks of a balanced portfolio that has stocks and bonds I can tolerate the risks of a stock index like S&P I can tolerate risk that is modestly higher than stock index I can tolerate risk significantly higher than the stock index

⑲ How do you rate your understanding of your investments? Little or none Poor Average Good Excellent

⑳ Are you willing to invest in areas outside of your area of expertise or knowledge in the hopes of a big payoff? Yes No Maybe I do not know

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