Allocating Fund Assets:Determines risk profile and return characteristics of fund. Requires careful integration of your investment goals, cash flow requirements, future liabilities, and time horizon.

The Allocation:
• Explains 75-90% of a funds total performance
• Puts investment performance in the boards control
• Ensures the most efficient mix of assets given the risk/return restraints

The Allocation Determines Performance:
• Explains 75-90% of a funds total performance
• Puts investment performance in the boards control
• Ensures the most efficient mix of assets given the risk/return restraints

Understanding Each Manager's Contribution to Total Return:
• Manager "style" and characteristics determine individual return opportunities
• Manager allocation to cash determines risk and volatility
(East-West Range on Scattergram)
• Security selection vs. Index determines return opportunities
(North-South Range on Scattergram)

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111 E. Kilbourn Avenue, Suite 1600, Milwaukee, WI 53202
Phone: (414) 319-4100 Email: info@alpha-investment.com