− 1.9% − 2.3% 49 8.3% 251 1ST QUARTER ANNUALIZED CWM CLAIMS C...

2015,

− 1.9% − 2.3% 49 8.3% 251

1

st

quarter

annualized

CWM claims compliance with the Global Investment Performance Standards (GIPS) and has

prepared and presented this report in compliance with the GIPS standards. CWM has not been

independently verified.

Notes: