Capital Discipline Equity Strategies HOLT® Active Equity Group · Sustainable Dividend Details ... Companies with deep, sustainable competitive advantages are best positioned to

Capital Discipline Equity Strategies

HOLT® Active Equity Group

Q1 2017

Credit Suisse Asset Management, LLC

Credit Suisse Asset Management, LLC

Please see “Important Legal Information” for important disclosures regarding the data and information contained and the

views and opinions expressed in this material.

Executive Summary

Introduction to Capital Discipline Equity Strategies

Capital Discipline Platform

Investment Process

Portfolio Performance and Snapshots

Appendix

Sustainable Dividend Details

Sustainable Growth Details

Investment Team

The HOLT Methodology

Investment

Philosophy

2

Introduction to Capital Discipline Equity Strategies

The Capital Discipline investment team manages concentrated, low-turnover, high active share

equity portfolios.

The team manages two types of investment strategies: Sustainable Growth and Sustainable

Dividend.

Sustainable Growth strategies target growing companies, with improving Economic Profit and strong sentiment, that are trading at a reasonable price.

US Large Cap Core, US Small Cap Blue Chip, Canada

Sustainable Dividend strategies target established companies with above average dividend yield, sustainable cash flows, and deep, defensive moats.

Global Sustainable Dividend, US Sustainable Dividend, European Sustainable Dividend

3

Two strategies to generate long-term performance

Sustainable Growth Sustainable Dividend

Seeks long-term capital appreciation by holding companies with growth prospects not fully discounted by the market

Seeks 150% of market yield with above market average dividend growth

Attractive Risk/Reward

Limited Drawdown: Lower historical max drawdowns than the

applicable benchmark

Seeks full up-market participation

Asymmetric Upside/Downside Capture

Limited Drawdown: Lower historical max drawdowns than the applicable benchmark

Seeks 90% of up market moves with only 70% of down

market moves

Tax efficient: average holding period approximately 2-3 years Tax efficient: average holding period approximately 2-3 years

Concentrated: 40-50 stock portfolios Concentrated: 30-45 stock portfolios

Sustainable Dividend and Sustainable Growth

Source: Credit Suisse Asset Management, eVestment. All data as of February 29, 2016.

4

Source: Credit Suisse Asset Management

Growth opportunities, stock valuation and capital structure dictate how a

company should best deploy cash

Capital Discipline: Seeking Prudent Cash Deployment

If there are no profitable growth opportunities available,

managers should consider returning excess capital to

shareholders

Return cash to

capital providers 3

Organic

growth 1

New product development

International expansion

Investment in R&D

Diversification

M&A 2 In addition to organic growth opportunities, managers

should consider high-return inorganic investment

opportunities

Share

repurchase

Accelerated buyback

Open market

Tender offer

Leveraged buyback

Dividend

Regular cash dividend

Special dividend

Delever

Pay down existing debt

Subject to certain constraints, excess capital should

be allocated to all positive NPV projects available to

the firm

5

Source: Credit Suisse Asset Management

Multi-Factor Modeling Fundamental Analysis Optimization and Portfolio

Construction

Stresses on cash flows

Scenario Analysis

Exogenous Risks

Companies are systematically ranked on key investment attributes

Investment team performs due diligence on top ranking names to identify suitable

holdings for each portfolio

Axioma1 optimization and risk analysis determines individual stock

weights in portfolio

Size of circle represents portfolio weight -

20

40

60

80

100

120

- 20 40 60 80 100

Alp

ha S

co

re

Risk

Portfolio is

concentrated in

lower-risk, higher

conviction stocks.

A higher risk stock will

receive a lower weight, but

will only be in the portfolio if

its alpha score is high.

For illustrative purposes only. 1Axioma is a third party risk optimizer which the

investment team uses to construct the initial portfolio.

-

20

40

60

80

100

Market

Sentiment

Economic ProfitGrowth

Competitive

Advantage

Dividend Yield

and Growth

Valuation

Sustainable Growth Profile Sustainable Dividend Profile

Our Investment Philosophy is Implemented in a Disciplined Process

Employing a Repeatable Investment Process

6

Capital Discipline Platform: A Strong Track Record of Performance

Source: Credit Suisse, Bloomberg

*Returns greater than one year are annualized. Past performance is no guarantee or indicator of future results. 1The Global Sustainable Dividend All World Composite, European Sustainable Dividend Composite and US Sustainable Dividend Composite include all fully discretionary portfolios that are managed to the Global Sustainable Dividend All World Strategy,

European Sustainable Dividend Strategy and US Sustainable Dividend Strategy, respectively. Prior to April 30, 2015, accounts were initially included when 95% of assets in the account were tracking the model and the cash balance comprises less than

2.5%. Beginning April 30, 2015, accounts will be initially included when the cash balance is less than 7.5% of the account. The US Large Cap Core Composite and US Small Cap Blue Chip Composite include all fully discretionary portfolios that are

managed to the US Large Cap Core Strategy and US Small Cap Blue Chip Strategy, respectively. Accounts are initially included when 95% of assets in the account are tracking the model and the cash balance comprises less than 2.5%. Portfolios

included in the composites are not necessarily 100% invested to the model for all time periods. Portfolios included in the composites are not necessarily 100% invested to the model for all time periods. All accounts pay a "wrap fee" based on a percentage

of assets under management. The maximum wrap fee schedule charged to accounts in the Global Sustainable Dividend All World Composite, US Sustainable Dividend Composite, US Large Cap Core Composite and US Small Cap Blue Chip Composite is

2.0%; the maximum wrap fee schedule charged to accounts in the European Sustainable Dividend Composite is 1.5%. Actual fees incurred by clients may vary. Gross-of-fees results are gross of the entire wrap fee and are shown as supplemental

information. Net-of-fees results are net of the entire wrap fee. Both gross and net results are reduced by execution costs. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Both gross

and net results are reduced by execution costs. See last page for additional information. This information presented is supplemental to a GIPS®-compliant presentation, which is included in the appendix to this material. For illustrative and

informational purposes only. Indices are not subject to management fees and are not available for direct investment. 2Represents the HOLT Canada model portfolio.. Assumes an annual fee of 1.50%.

Data as of December 31, 2016 4Q16 3Q16 2Q16 1Q16 1-Yr 3-Yr* 5-Yr* ITD* Strategy

AuM Inception

Sustainable Dividend Strategies:

Global Sustainable Dividend Composite1 (Gross) 0.39% 1.55% 0.66% 1.91% 4.58% 2.35% 8.41% 8.51% $1,105 million 12/31/2010

Global Sustainable Dividend Composite (Net) 0.30% 1.47% 0.59% 1.70% 4.12% 1.53% 7.47% 7.56%

MSCI AC World Daily TR Net USD (NDUEACWF) 1.19% 5.30% 0.99% 0.24% 7.87% 3.13% 9.36% 6.38%

US Sustainable Dividend Composite1 (Gross) 4.36% 1.97% 2.26% 4.87% 14.11% 9.75% 14.06% 14.20% $161 million 12/31/2010

US Sustainable Dividend Composite (Net) 4.10% 1.79% 2.15% 4.54% 13.16% 8.53% 12.72% 12.84%

S&P 500 Index (SPX) 3.82% 3.85% 2.46% 1.35% 11.95% 8.87% 14.65% 12.46%

European Sustainable Dividend Composite1 (Gross) -2.62% 4.10% -4.53% -1.88% -5.03% -3.10% -- 2.77% $42 million 6/30/2013

European Sustainable Dividend Composite (Net) -2.76% 4.00% -4.62% -2.17% -5.64% -4.10% -- 1.68%

MSCI Daily TR Net Europe USD (NDDUE15) -0.40% 5.40% -2.69% -2.51% -0.40% -3.17% -- 3.10%

Sustainable Growth Strategies:

US Large Cap Core Composite1 (Gross) 4.19% 4.49% -1.12% -3.38% 4.01% 5.59% 13.03% 8.78% $59 million 6/30/2008

US Large Cap Core Composite (Net) 4.02% 4.32% -1.22% -3.68% 3.25% 4.49% 11.78% 7.55%

S&P 500 Index (SPX) 3.82% 3.85% 2.46% 1.35% 11.95% 8.87% 14.65% 9.15%

US Small Cap Blue Chip Composite1 (Gross) 12.10% 4.92% 0.31% 1.42% 19.65% 8.09% -- 13.95% $8 million 9/30/2012

US Small Cap Blue Chip Composite (Net) 11.99% 4.82% 0.21% 1.09% 18.92% 6.99% -- 12.72%

Russell 2000 Index (RTY) 8.82% 9.05% 3.79% -1.53% 21.28% 6.74% -- 13.61%

Canada Portfolio2 (Gross) 5.32% 6.48% 0.93% 0.77% 14.06% 8.09% -- 10.35% $20 million 2/29/2012

Canada Portfolio (Net) 4.92% 6.08% 0.55% 0.40% 12.37% 6.48% -- 8.74%

S&P/TSX Composite Index (SPTSX) 4.54% 5.45% 5.07% 4.54% 21.08% 7.06% -- 7.04%

7

Alpha

Component 1

Alpha

Component 4

Alpha

Component 3

Alpha

Component 2

Sustainable Dividend

Quality /

Blue Chip Sustainable

Cash Flows Growth Valuation

1CFROI®: HOLT’s proprietary methodology, Cash Flow Return on Investment is an approximation of the economic return, or an estimate of the average real internal rate of return, earned by a firm on the portfolio of projects that constitute its operating assets.

Sustainable Growth

Quality Sentiment /

Momentum Economic Profit

Growth Valuation

Capital Discipline Investment Process

Quality, Growth and Value are cornerstones of our framework

Sustainable Growth Sustainable Dividend

US Large Cap Core, US Small Cap Blue Chip, Canada

US, Europe and Global Sustainable Dividend

Start-Up Industrial Life Cycle Restructuring

Capital Discipline Investment Strategies

Cost of Capital

CFROI®1

8

Companies with deep, sustainable competitive advantages are best positioned to deliver top and bottom line growth

throughout a market cycle.

Company A is a classic Blue Chip company. Company A has highly persistent cash flow return on investment (CFROI®) and moderate to low asset growth.

Company B return and asset growth profile are higher and more volatile than what is historically observed for Blue Chip companies.

Both Sustainable Dividend and Sustainable Growth are overweight Blue Chip companies

The examples contained herein are not meant to be indicative or reflective of the portfolio of any fund or account managed by Credit Suisse Asset Management, LLC (the “Investment Manager”). Rather, such examples are meant to exemplify the Investment Manager’s analysis and the execution of its investment strategy. As such, the examples contained herein should not be viewed as representative of all trades made by the Investment Manager, but simply as examples of the types of trades the Investment Manager strives for.

Company A – Blue Chip Company B – Not a Blue Chip

High Asset Growth will attract

competition eroding current

competitive advantages

Stable and increasing returns

Low to moderate asset growth is unlikely

to attractive significant competition

Highly volatile CFROI

What is “Quality/Blue Chip”? Sustainable Dividend

Sustainable Growth

9

Economic Profit CFROI

Asset Growth

Company F Biotechnology & Life Sciences

Sustainable Growth strategies invest in companies rapidly growing their economic profits

Economic Profits (EP) represent the Economic Earnings of a firm. Economic Profit is proportional to the spread on company’s return on capital and the cost of capital.

Economic Profits increase when a company increases CFROI or Asset Growth (holding other inputs constant). If a

firm earns the cost of capital, EP is zero. CFROI below the cost of capital or negative asset growth destroys shareholder

value.

High & increasing returns

well above the cost of capital

Company has reinvested heavily into the

business and grown at an average 25% Y/Y

Economic Profit has grown

rapidly particularly in the last two

years as returns increased

There is a positive relationship between Economic Profit and

market capitalization.

• Over time, market cap tends to increase with a company’s

ability to grow Economic Profit year-over-year, and shrink when

Economic Profit declines.

• The correlation between change in Economic Profit and change in

market cap for the current Russell 1000 universe is 69%

What is Economic Profit Growth? Sustainable Dividend

Sustainable Growth

10

Company E Apparel, Accessories & Luxury Goods

Dividend

Dividend Yield 1.9% Dividend Payout 43.5%

Div. Growth (3-yr hist.) 14.4% Div. Growth (3-yr proj.) 8.1%

Growth takes many forms. Company E demonstrates both growth in its underlying business and growth in its dividend policy.

Our Sustainable Growth portfolios emphasize companies with superior profitable growth prospects, and prefers

companies that are reinvesting as much capital in their business as possible.

Our Sustainable Dividend portfolios emphasize companies who have struck the correct balance between growing their

business and returning capital to shareholders.

GBP 0.00

GBP 0.05

GBP 0.10

GBP 0.15

GBP 0.20

GBP 0.25

GBP 0.30

GBP 0.35

GBP 0.40

0%

1%

2%

3%

4%

5%

6%

7%

Mar-

05

Jul-

05

Nov-

05

Mar-

06

Jul-

06

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06

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-07

Jul-

07

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07

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14

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14

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15

Div

idend

s p

er s

hare

Div

idend

Yie

ld

Dividend Yield Dividends per share

Source: Credit Suisse HOLT The examples contained herein are not meant to be indicative or reflective of the portfolio of any fund or account managed by Credit Suisse Asset Management, LLC (the “Investment Manager”). Rather, such examples are meant to exemplify the Investment Manager’s analysis and the execution of its investment strategy. As such, the examples contained herein should not be viewed as representative of all trades made by the Investment Manager, but simply as examples of the types of trades the Investment Manager strives for.

What is “Dividend Growth”? Sustainable Dividend

Sustainable Growth

11

Rigorous, long-term DCF forecasts drive our valuation models

Our Sustainable Growth portfolios emphasize companies whose capital appreciation potential can be realized by growing their businesses at a faster rate than expected by the market.

Our Sustainable Dividend portfolios emphasize companies whose capital appreciation potential can be realized by by

maintaining profitability throughout an economic cycle.

Source: Credit Suisse HOLT

How to Determine Valuation? Sustainable Dividend

Sustainable Growth

12

6,635

1,013

1,238

18

479

2,125

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

EBITDA Capex Taxes Interest Dividends Operating

Cash Surplus

US

D (

Mill

ions)

Company C has significant internal competition for cash flows Company D continues to generate significant excess cash

Not all dividend payers are created equal

Company C cannot fund its dividend with operating cash flows. Company C’s leverage and capital intensity place an outsized demand on deteriorating cash flows. It must resort to other methods (assets sales, capital raise, restructuring) to fund dividend growth.

Company D is a sustainable, blue chip dividend payer. Company D can easily fund further dividend growth without altering

existing operations.

Our Sustainable Dividend portfolios prefer companies that look like Company D.

Source: Credit Suisse HOLT The examples contained herein are not meant to be indicative or reflective of the portfolio of any fund or account managed by Credit Suisse Asset Management, LLC (the “Investment Manager”). Rather, such examples are meant to exemplify the Investment Manager’s analysis and the execution of its investment strategy. As such, the examples contained herein should not be viewed as representative of all trades made by the Investment Manager, but simply as examples of the types of trades the Investment Manager strives for.

Defining Sustainable Cash Flows Sustainable Dividend

Sustainable Growth

13

30,570 21,411

2,294

3,301

9,565

-6,264

-10,000

-5,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

EBITDA CapEx Taxes Interest Dividends OperatingCash Deficit

US

D (M

illio

ns)

0

2

4

6

8

10

12

14

2007 2009 2011 2013 2015 2017 2019

Previous Forecast New Forecasts

CFROI® Discount Rate

Sustainable Growth strategies seek companies that are improving on the margin.

Economic Profit Change calibrates the economic impact of analyst revisions based on the quality of earnings and asset efficiency.

Stocks with strong Economic Profit Change will have forecasted Economic Returns that are increasing from upward EPS

revisions. Economic Profits increase when forecasted CFROI is revised upward.

Early Stage HOLT Corporate Life Cycle Late Stage

HOLT Corporate Life-Cycle Framework

Early Stage HOLT Corporate Life Cycle Late Stage

CFROI

Growth Discount Rate

Economic Profit Economic Profit increases as CFROI and

Asset Growth increase, reaching an

inflection point, after which EP declines

Early & Middle stage companies have

increasing CFROI and Asset Growth

CFROI

Company G Communications Equipment

Recent consensus EPS

revisions have increased

forecasted CFROI even

further (light pink dash)

Company G has forecasted

CFROI (dark pink) higher

than historical CFROI (blue)

Company G is a wealth compounder. The company has increased

Economic Profit through higher returns. Consensus estimates point to

higher forecasted returns, which were recently revised even

higher.

What is “Sentiment/Momentum”? Sustainable Dividend

Sustainable Growth

14

Portfolio Performance and Snapshots

15

Source: Credit Suisse, December 31, 2016. 1 Returns greater than one year are annualized.

2 Strategy inception date: December 31, 2010

3 The MSCI AC World is a free float weighted equity index that captures large and mid cap representation across developed market countries. It covers approximately 85% of free float-adjusted market capitalization in each country. 4 Returns based characteristics are gross of fees for the Global Sustainable Dividend All World Composite.

The Global Sustainable Dividend All World Composite includes all fully discretionary portfolios that are managed to the Global Sustainable Dividend All World Strategy. Prior to April 30, 2015, accounts were initially included when

95% of assets in the account were tracking the model and the cash balance comprises less than 2.5%. Beginning April 30, 2015, accounts will be initially included when the cash balance is less than 7.5% of the account. Portfolios included in

the composite are not necessarily 100% invested to the model for all time periods. All accounts pay a "wrap fee" based on a percentage of assets under management. The maximum wrap fee schedule charged to accounts in the composite is

2.0%. Actual fees incurred by clients may vary. Past performance reflects the reinvestment of all dividends, gains, earnings and income. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available

upon request. Gross-of-fees results are gross of the entire wrap fee and are shown as supplemental information. Net-of-fees results are net of the entire wrap fee. Both gross and net results are reduced by execution costs. See last page for

additional information. Past performance is not indicative of future results. This information presented is supplemental to a GIPS®-compliant presentation, which is included in the appendix to this material. For illustrative and

Informational purposes only. Indices are not subject to management fees and are not available for direct investment.

Cumulative Returns

Annual Returns

Global Sustainable Dividend Strategy Performance

Annualized Composite Characteristics

Dec 2010 - Dec 2016 GSD4 MSCI ACWI

Return 8.51% 6.38%

Excess Return 2.13%

Volatility 10.09% 12.71%

Active Share ~90%

Information Ratio 0.41

Tracking Error 5.14%

Upside Capture Ratio 88.4%

Downside Capture Ratio 69.5%

As of December 31, 2016 MTD QTD YTD 1-YR 3-YR1 5-YR1 ITD1,2

Global Sustainable Dividend Equity Composite (Gross) 1.09% 0.39% 4.58% 4.58% 2.35% 8.41% 8.51%

Global Sustainable Dividend Equity Composite (Net) 1.07% 0.30% 4.12% 4.12% 1.53% 7.47% 7.56%

MSCI All Country World Index3 2.16% 1.19% 7.87% 7.87% 3.13% 9.36% 6.38%

Strategy AUM $1,105 million

16

-20%

0%

20%

40%

60%

80%

GSD (Gross) GSD (Net) MSCI AC World Index

-10%

-5%

0%

5%

10%

15%

20%

25%

2011 2012 2013 2014 2015 2016

GSD (Gross) GSD (Net) MSCI AC World Index

Source: Credit Suisse, Bloomberg, December 31, 2016

Top 10 Holdings include cash holding; Fundamental Data and exposure charts exclude cash holding.

As of December 31, 2016

Global Sustainable Dividend Strategy Snapshot

Sector Exposure

Country Exposure Fundamental and Market Data

Top 10 Strategy Positions

17

Global Sustainable

Dividend MSCI ACWI

HOLT Capital Appreciation Potential 3.4% 6.6%

Forward Price/Earnings 16.0x 17.5x

Dividend Yield 3.0% 2.6%

Dividend Growth (3-yr historical) 10.7% 11.0%

Volatility (90-day Realized) 10.0% 9.2%

CFROI (last fiscal year) 14.8% 12.4%

Blue Chip Weight (% Total) 60.4% 33.4%

Security Name Sector Weight Dividend

Yield

JPMorgan Chase & Co Financials 5.7% 2.2%

General Electric Co Industrials 5.0% 3.0%

Johnson & Johnson Health Care 4.6% 2.8%

Honeywell International Inc Industrials 4.5% 2.2%

Hasbro Inc Consumer Discretionary 3.7% 2.6%

Target Corp Consumer Discretionary 3.5% 3.3%

Sysco Corp Consumer Staples 3.3% 2.3%

Taiwan Semiconductor Manufactu Information Technology 3.1% 3.3%

Unilever PLC Consumer Staples 3.1% 3.4%

Ambev SA Consumer Staples 3.1% 3.8% 0% 5% 10% 15% 20% 25%

Real Estate

Energy

Utilities

Telecom

Materials

Cons. Disc.

Info Tech

Cons. Staples

Financials

Health Care

Industrials

% of Strategy

GSD MSCI ACWI

0% 10% 20% 30% 40% 50% 60% 70%

United States

France

Britain

Germany

Switzerland

Taiwan

Brazil

Mexico

Ireland

Spain

Hong Kong

Other

% of Strategy

GSD MSCI ACWI


2 Strategy inception date: December 31, 2010

3 The S&P 500 Index consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock's weight in the index proportionate to its market value. The reported returns

reflect a total return for each year inclusive of dividends but exclusive of taxes and management fees. 4 Returns based characteristics are gross of fees for the US Sustainable Dividend Equity Composite.

The US Sustainable Dividend Composite includes all fully discretionary portfolios that are managed to the US Sustainable Dividend Strategy. Prior to April 30, 2015, accounts were initially included when 95% of assets in the account were

tracking the model and the cash balance comprises less than 2.5%. Beginning April 30, 2015, accounts will be initially included when the cash balance is less than 7.5% of the account. Portfolios included in the composite are not necessarily

100% invested to the model for all time periods. All accounts pay a "wrap fee" based on a percentage of assets under management. The maximum wrap fee schedule charged to accounts in the composite is 2.0%. Actual fees incurred by

clients may vary. Past performance reflects the reinvestment of all dividends, gains, earnings and income. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Gross-of-fees

results are gross of the entire wrap fee and are shown as supplemental information. Net-of-fees results are net of the entire wrap fee. Both gross and net results are reduced by execution costs. See last page for additional information. Past

performance is not indicative of future results. This information presented is supplemental to a GIPS®-compliant presentation, which is included in the appendix to this material. For illustrative and Informational

purposes only. Indices are not subject to management fees and are not available for direct investment.

Annual Returns

US Sustainable Dividend Strategy Performance

Cumulative Returns


Dec 2010 - Dec 2016 USSD4 S&P 500

Return 14.20% 12.46%

Excess Return 1.74%


Active Share ~90%






US Sustainable Dividend Equity Composite (Gross) 1.01% 4.36% 14.11% 14.11% 9.75% 14.06% 14.20%

US Sustainable Dividend Equity Composite (Net) 0.99% 4.10% 13.16% 13.16% 8.53% 12.72% 12.84%

S&P 500 Index3 1.97% 3.82% 11.95% 11.95% 8.87% 14.65% 12.46%

Strategy AUM $161 million

18

-20%

0%

20%

40%

60%

80%

100%

120%

140%

USSD (Gross) USSD (Net) S&P 500

0%

5%

10%

15%

20%

25%

30%

35%

2011 2012 2013 2014 2015 2016

USSD (Gross) USSD (Net) S&P 500


US Sustainable Dividend Strategy Snapshot

Sector Exposure

Revenue Exposure Fundamental and Market Data




19

0% 5% 10% 15% 20% 25%

Telecom

Real Estate

Utilities

Energy

Cons. Staples

Materials

Cons. Disc.

Info Tech

Health Care

Financials

Industrials

% of Strategy

USSD S&P 500

0% 10% 20% 30% 40% 50% 60% 70% 80%

Other /Unclassified

EmergingMarkets

Asia

Europe

NorthAmerica

% of Strategy

USSD


Yield

JPMorgan Chase & Co Financials 7.0% 2.2%

General Electric Co Industrials 5.1% 3.0%

Honeywell International Inc Industrials 5.0% 2.2%

Johnson & Johnson Health Care 4.6% 2.8%

Target Corp Consumer Discretionary 4.1% 3.3%

Sysco Corp Consumer Staples 4.1% 2.3%

Hasbro Inc Consumer Discretionary 3.9% 2.6%

Accenture PLC Information Technology 3.6% 2.1%

Cisco Systems Inc Information Technology 3.5% 3.4%

Eaton Corp PLC Industrials 3.4% 3.4%

US Sustainable

Dividend S&P 500

HOLT Capital Appreciation Potential -5.0% 1.3%








2 Strategy inception date: June 30, 2013. 3 The MSCI Europe Index (net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed markets in Europe. Net total return indexes reinvest dividends after the

deduction of withholding taxes. 4 Returns based characteristics are gross of fees for the European Sustainable Dividend Equity Composite.

The European Sustainable Dividend Composite includes all fully discretionary portfolios that are managed to the European Sustainable Dividend Strategy. Prior to April 30, 2015, accounts were initially included when 95% of assets in the

account were tracking the model and the cash balance comprises less than 2.5%. Beginning April 30, 2015, accounts will be initially included when the cash balance is less than 7.5% of the account. Portfolios included in the composite are

not necessarily 100% invested to the model for all time periods. All accounts pay a "wrap fee" based on a percentage of assets under management. The maximum wrap fee schedule charged to accounts in the composite is 2.0%. Actual fees

incurred by clients may vary. Past performance reflects the reinvestment of all dividends, gains, earnings and income. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.

Gross-of-fees results are gross of the entire wrap fee and are shown as supplemental information. Net-of-fees results are net of the entire wrap fee. Both gross and net results are reduced by execution costs. See last page for

additional information. Past performance is not indicative of future results. This information presented is supplemental to a GIPS®-compliant presentation, which is included in the appendix to this material. For illustrative

and Informational purposes only. Indices are not subject to management fees and are not available for direct investment.

Annual Returns

European Sustainable Dividend Strategy Performance

Cumulative Returns


European Sustainable Dividend Equity Composite (Gross) 4.61% -2.62% -5.03% -5.03% -3.10% -- 2.77%

European Sustainable Dividend Equity Composite (Net) 4.59% -2.76% -5.64% -5.64% -4.10% -- 1.68%

MSCI Europe Index3 5.24% -0.40% -0.40% -0.40% -3.17% -- 3.10%



Jun 2013 - Dec 2016 ESD4 MSCI Europe

Return 2.77% 3.10%

Excess Return -0.33%


Active Share ~90%

Information Ratio -0.09




20

0%

10%

20%

30%

40%

ESD (Gross) ESD (Net) MSCI Europe

-10%

-5%

0%

5%

10%

15%

20%

25%

2013 2014 2015 2016

ESD (Gross) ESD (Net) MSCI Europe

Sector Exposure

Country Exposure Fundamental and Market Data


European Sustainable Dividend Strategy Snapshot




21


Yield

Siemens AG Industrials 5.0% 3.1%

Allianz SE Financials 4.5% 4.6%

Novartis AG Health Care 4.5% 3.7%

Roche Holding AG Health Care 4.5% 3.5%

BASF SE Materials 4.4% 3.3%

Unilever PLC Consumer Staples 4.4% 3.2%

LVMH Moet Hennessy Louis Vuitt Consumer Discretionary 4.3% 2.0%

Sanofi Health Care 4.1% 3.8%

AXA SA Financials 4.1% 4.7%

Red Electrica Corp SA Utilities 3.9% 4.8%

European

Sustainable Dividend MSCI Europe








0% 5% 10% 15% 20% 25%

Real Estate

Energy

Telecom

Info Tech

Utilities

Materials

Cons. Disc.

Industrials

Cons. Staples

Health Care

Financials

% of Strategy

ESD MSCI Europe

0% 5% 10% 15% 20% 25% 30% 35%

France

Britain

Germany

Switzerland

Sweden

Spain

Norway

Netherlands

Ireland

% of Strategy

ESD MSCI Europe


2 Strategy inception date: June 30, 2008

3 The S&P 500 Index consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock's weight in the index proportionate to its market value. The reported returns

reflect a total return for each year inclusive of dividends but exclusive of taxes and management fees. 4 Returns based characteristics are gross of fees for the US Large Cap Core. The U.S. Large Cap Core Composite includes all fully discretionary portfolios that are managed to the U.S. Large Cap Core Strategy. All accounts pay a "wrap fee"

based on a percentage of assets under management. The maximum wrap fee schedule charged to accounts in the composite is 2.0%. Actual fees incurred by clients may vary. Past performance reflects the reinvestment of all dividends, gains,

earnings and income. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Gross-of-fees results are gross of the entire wrap fee and are shown as supplemental information.

Net-of-fees results are net of the entire wrap fee. Both gross and net results are reduced by execution costs. See last page for additional information. Past performance is not indicative of future results. This information presented is

supplemental to a GIPS®-compliant presentation, which is included in the appendix to this material. For illustrative and Informational purposes only. Indices are not subject to management fees and are not available for

direct investment.

Annual Returns

US Large Cap Core Strategy Performance

Cumulative Returns


Jun 2008 - Dec 2016 LCC4 S&P 500

Return 8.78% 9.15%

Excess Return -0.37%


Active Share ~85%

Information Ratio -0.10





US Large Cap Core Equity Composite (Gross) 1.38% 4.19% 4.01% 4.01% 5.59% 13.03% 8.78%

US Large Cap Core Equity Composite (Net) 1.36% 4.02% 3.25% 3.25% 4.49% 11.78% 7.55%

S&P 500 Index3 1.97% 3.82% 11.95% 11.95% 8.87% 14.65% 9.15%


22

-60%

-30%

0%

30%

60%

90%

120%

LCC (Gross) LCC (Net) S&P 500

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

2008 2009 2010 2011 2012 2013 2014 2015 2016

LCC (Gross) LCC (Net) S&P 500


US Large Cap Core Strategy Snapshot

Sector Exposure





23

0% 5% 10% 15% 20% 25%

Telecom

Real Estate

Utilities

Energy

Cons. Staples

Industrials

Materials

Health Care

Cons. Disc.

Financials

Info Tech

% of Strategy

LCC S&P 500

0% 10% 20% 30% 40% 50% 60% 70%

Other /Unclassified

EmergingMarkets

Asia

Europe

NorthAmerica

% of Strategy

LCC


Yield

Apple Inc Information Technology 5.3% 1.9%

Alphabet Inc Information Technology 4.6% 0.0%

Citigroup Inc Financials 4.2% 1.1%

UnitedHealth Group Inc Health Care 3.9% 1.6%

Bank of America Corp Financials 3.5% 1.3%

United Technologies Corp Industrials 3.5% 2.4%

Travelers Cos Inc/The Financials 3.4% 2.2%

Walt Disney Co/The Consumer Discretionary 3.4% 1.5%

BlackRock Inc Financials 2.9% 2.4%

Brown-Forman Corp Consumer Staples 2.8% 1.6%

Large Cap Core S&P 500









2 Strategy inception date: September 30, 2012 3 Russell 2000 Index is a market-capitalization weighted index measuring the performance of the 2,000 smallest U.S. companies, on a market capitalization basis, in the Russell 3000 Index. 4 Returns based characteristics are gross of fees for the Small Cap Blue Chip Equity Composite

The Small Cap Blue Chip Composite includes all fully discretionary portfolios that are managed to the Small Cap Blue Chip Strategy. All accounts pay a "wrap fee" based on a percentage of assets under management. The maximum wrap fee

schedule charged to accounts in the composite is 2.0%. Actual fees incurred by clients may vary. Past performance reflects the reinvestment of all dividends, gains, earnings and income. Policies for valuing portfolios, calculating performance,

and preparing compliant presentations are available upon request. Gross-of-fees results are gross of the entire wrap fee and are shown as supplemental information. Net-of-fees results are net of the entire wrap fee. Both gross and net results

are reduced by execution costs. See last page for additional information. Past performance is not indicative of future results. This information presented is supplemental to a GIPS®-compliant presentation, which is included in

the appendix to this material. For illustrative and Informational purposes only. Indices are not subject to management fees and are not available for direct investment.

Annual Returns

US Small Cap Blue Chip Strategy Performance

Cumulative Returns


Small Cap Blue Chip Equity Composite (Gross) 1.86% 12.10% 19.65% 19.65% 8.09% -- 13.95%

Small Cap Blue Chip Equity Composite (Net) 1.83% 11.99% 18.92% 18.92% 6.99% -- 12.72%

Russell 2000 Index3 2.80% 8.82% 21.28% 21.28% 6.74% -- 13.61%



Sep 2012 - Dec 2016 SCBC4 Russell 2000

Return 13.95% 13.61%

Excess Return 0.34%


Active Share ~95%





24

-20%

0%

20%

40%

60%

80%

SCBC (Gross) SCBC (Net) Russell 2000

-10%

0%

10%

20%

30%

40%

50%

2012 2013 2014 2015 2016

SCBC (Gross) SCBC (Net) Russell 2000


US Small Cap Blue Chip Strategy Snapshot

Sector Exposure





25

0% 5% 10% 15% 20% 25% 30%

Telecom

Utilities

Real Estate

Energy

Cons. Staples

Materials

Health Care

Info Tech

Cons. Disc.

Industrials

Financials

% of Strategy

SCBC Russell 2000

0% 10% 20% 30% 40% 50% 60% 70% 80%

Other /Unclassified

EmergingMarkets

Asia

Europe

NorthAmerica

% of Strategy

SCBC


Yield

Piper Jaffray Cos Financials 3.5% 0.0%

Mentor Graphics Corp Information Technology 3.4% 0.6%

Balchem Corp Materials 3.3% 0.5%

Sinclair Broadcast Group Inc Consumer Discretionary 3.1% 2.2%

Belden Inc Information Technology 3.1% 0.3%

Chemed Corp Health Care 3.0% 0.6%

Hope Bancorp Inc Financials 2.9% 2.1%

Stifel Financial Corp Financials 2.9% 0.0%

Carlisle Cos Inc Industrials 2.9% 1.3%

Texas Roadhouse Inc Consumer Discretionary 2.8% 1.6%

Small Cap Blue

Chip Russell 2000








Annual Returns

Canada Strategy Snapshot

Cumulative Returns


Canada Model Portfolio (Gross of hypothetical 1.5% fee) CAD 1.42% 5.32% 14.06% 14.06% 8.09% -- 10.35%

Canada Model Portfolio (Net of hypothetical 1.5% fee) CAD 1.42% 4.92% 12.37% 12.37% 6.48% -- 8.74%

S&P/TSX Composite Index3 1.66% 4.54% 21.08% 21.08% 7.06% -- 7.04%


Annualized Model Characteristics

Feb 2012 - Dec 2016 CAD4 S&P TSX

Return 10.35% 7.04%

Excess Return 3.31%


Active Share ~60%





Source: Bloomberg, Ashland Partners, LLC, December 31, 2016. Past performance is no guarantee or indicator of future results. 1 Returns greater than one year are annualized.

2 Strategy inception date: February 29, 2012

3 S&P/TSX Composite Index is a capitalization-weighted index designed to measure activity of stocks listed on the Toronto Stock Exchange (TSX). . 4 Returns based characteristics are gross of fees for the Canada Model Portfolio.

Net performance is calculated by taking into account an annual fee. The fee covers investment advice, execution, custody, administrative and account reporting services. Gross performance is computed before deducting annual fees. Actual

investment advisory fees incurred by clients may vary. For comparison purposes, the HOLT Canada Portfolio is measured against the S&P /TSX. It should not be assumed that the benchmark represents a similar investment strategy or asset

classes to the Credit Suisse Canada Portfolio. Indices cannot be invested in directly, are unmanaged and do not incur management fees, costs or expenses. If an index had expenses, its performance would be lower. Index returns have not

been examined. Monthly returns are calculated using the Modified Dietz formula. This methodology has been applied consistently for all periods. Other methods may produce different results. Historical rates of return may not be indicative of

future rates of return. Additional information regarding the calculation methodology is available upon request. Quarterly and annual rates of return for the Guidance Portfolio are computed by compounding the monthly rates of return for the

indicated number of months. Returns are based on realized and unrealized gains and losses and do include the effect of cash and the reinvestment of dividends. A third party examination of the strategy in accordance with attestation standards

generally accepted in the US has been conducted by Ashland Partners & Company LLP for the period February 28, 2012 through September 30, 2016 and is available upon request.

26

-20%

0%

20%

40%

60%

80%

Canada (Gross) Canada (Net) S&P TSX

-10%

-5%

0%

5%

10%

15%

20%

25%

2012 2013 2014 2015 2016

Canada (Gross) Canada (Net) S&P TSX


Canada Strategy Snapshot

Sector Exposure

Fundamental and Market Data




27


Yield

Toronto-Dominion Bank/The Financials 7.20% 3.3%

TransCanada Corp Energy 6.14% 3.7%

Alimentation Couche-Tard Inc Consumer Staples 5.60% 0.6%

Royal Bank of Canada Financials 5.15% 3.6%

Thomson Reuters Corp Financials 5.06% 3.1%

Manulife Financial Corp Financials 4.82% 3.1%

Rogers Communications Inc Telecommunication

Services 4.53% 3.7%

Fortis Inc/Canada Utilities 4.48% 3.8%

Dollarama Inc Consumer Discretionary 4.41% 0.4%

Bank of Nova Scotia/The Financials 3.98% 3.9%

Canada SPTSX Index

HOLT Capital Appreciation Potential -5.1% -4.9%







0% 10% 20% 30% 40%

Health Care

Real Estate

Materials

Utilities

Industrials

Telecom

Cons. Staples

Cons. Disc.

Info Tech

Energy

Financials

% of Strategy

Canada SPTSX

Appendix

Investment

Philosophy

28

Global Sustainable Dividend US Sustainable Dividend European Sustainable

Dividend

Objective Seeks current income, income growth and capital appreciation

Benchmark MSCI AC World S&P 500 MSCI Europe

Return Objective Exceed the benchmark over the full cycle with less risk than the broader equity market

Active Management Concentrated portfolios (30-45 stocks) with 4-5% tracking error and 85-95% active share

AUM1 $1,105 million $161 million $42 million

Inception Date 12/31/2010 12/31/2010 6/30/2013

Proprietary Investment

Process

Leverages Sustainable Dividend methodology:

Innovative stock selection method offers a consistent, structured and repeatable investment process

Identifies high quality, blue chip companies with deep defensive moats, sustainable cash flows and trading at a

discount to their intrinsic value

Portfolio construction / risk management ensures diversification across countries, sectors, industries and style

factors

Investment Team Experienced portfolio management team with an average of 10 years experience

Turnover 30-45% annual one-way turnover

Risk Management

Third-party risk models are used to ensure that the portfolio’s common factor risk profile (based on factors such as

style, country, industry and market risks) are consistent with the portfolio construction methodology. Furthermore, the

portfolio is reviewed on an ongoing basis with formal reviews on a monthly basis to ensure that the portfolio maintains

return/risk characteristics consistent with the investment objectives. Limited rebalancing occurs on a monthly basis with

heavier rebalancing on a quarterly to annual horizon.

Sustainable Dividend Strategies: Executive Summary

1As of December 31, 2016

29

Global Sustainable Dividend US Sustainable Dividend European Sustainable

Dividend

Objectives: Maximize dividend yield and dividend growth while minimizing total absolute risk

Portfolio Requirements:

All constituents must have a dividend yield higher than the S&P 500 (but less than 7.5%)

All constituents must have sustainable dividends (e.g. sufficient cash flows to cover fixed costs, dividends, growth)

All constituents must have an attractive (to neutral) valuation profiles

Fundamental Constraints: Minimum portfolio dividend yield of 50% greater than the S&P 500

Minimum Blue Chip weight of 50%

Position Constraints

Number of positions: 30-45

Maximum Size: 6.5%

Minimum Size: 0.5%

Absolute Constraints:

GICS maximum sector weight of 25%

Region maximum weight of 50%

Country maximum weight of 45% (35% in ESD)

Relative Constraints:

Volatility less than 90% of the benchmark

Beta less than 90% of the benchmark

Tracking Error maximum of 6%

Turnover Constraints: 30-45% annual one-way turnover

Trading Constraints: Trading limited to maximum of 50% ADV

Sustainable Dividend: Portfolio Construction and Risk Management

30

US Large Cap Core Canada US Small Cap Blue Chip

Objective Long-term capital appreciation

Benchmark S&P 500 S&P/TSX Composite Russell 2000

Return Objective Exceed the benchmark

Active Management

~50 stocks / 3-4% tracking error /

85% active share

~30 stocks / 3-4% tracking error /

60% active share

~50 stocks / ~5% tracking error /

95% active share

AUM1 $59 million $20 million $8 million

Inception Date 6/30/2008 2/29/2012 9/30/2012

Proprietary Investment

Process

Leverages Sustainable Growth stock selection methodology:

Innovative stock selection method offers a consistent, structured and repeatable investment process

Identifies best-in-class companies with strong market and analyst sentiment and attractive capital appreciation

potential

Portfolio construction / risk management ensures diversification across countries, sectors, industries and style

factors

Investment Team Experienced portfolio management team with an average of 10 years experience

Portfolio Construction Maximize alpha score while minimizing total relative risk

Turnover 50-60% annual one-way turnover

Risk Management

Third-party risk models are used to ensure that the portfolio’s common factor risk profile (based on factors such as

style, country, industry and market risks) are consistent with the portfolio construction methodology. Furthermore, the

portfolio is reviewed on an ongoing basis with formal reviews on a monthly basis to ensure that the portfolio maintains

return/risk characteristics consistent with the investment objectives. Limited rebalancing occurs on a monthly basis with

heavier rebalancing on a quarterly to annual horizon.

Sustainable Growth Strategies: Executive Summary

1As of December 31, 2016

31

US Large Cap Core Canada US Small Cap Blue Chip

Objectives: Maximize alpha score while minimizing total relative risk

Target Universe:

S&P 500 constituents and US listed

companies or ADRs with market

capitalization in excess of $3B

S&P/TSX Composite Index

constituents (TSE 300)

Russell 2000 constituents and US

listed / domiciled companies with

market capitalization between

$0.5B-$4.0B

Portfolio Requirements: All stocks must rank in the top 40% of the HOLT Sustainable Growth stock selection model

Position Constraints

Number of positions: ~50

Maximum Size: 6.0%

Minimum Size: 0.5%

Active Weight: +/-3.5%


Maximum Size: 6.5%

Minimum Size: 1.5%


Maximum Size: 4.5%

Minimum Size: 0.5%

Relative Constraints:

Portfolio Beta: 1.0x

Tracking Error maximum of 3-4% (4-5% for SCBC)

GICS maximum Sector weight +/- 5% of index

GICS maximum Industry Group weight +/- 5% of index

GICS maximum Industry weight +/- 5% of index

Turnover Constraints: 50-60% annual one-way turnover

Trading Constraints: Trading limited to maximum of 50% ADV

Sustainable Growth: Portfolio Construction and Risk Management

32

Investment management team with an average of 20+ years experience.

The team leverages the Credit Suisse HOLT research and sector specialist team (27 people) around the globe.

Source: Credit Suisse, December 2016

Capital Discipline Investment Team

33

Chicago

HOLT research specialists

Capital Discipline hubs

New York

7

1

8

1

1

2

2

1

Legend:

Credit Suisse Global

Trading Desk

Christian Stauss

Head of Capital Discipline Portfolio Manager

1

2

1

Todd Leigh

Head of HOLT Active

Equity Group, Senior Advisor

Christian Stauss

Portfolio Manager, Head of HOLT Capital Discipline Christian is the Portfolio Manager across the HOLT Capital Discipline strategies. He has been engaged in the asset management industry for 20 years. Christian joined Credit Suisse Asset Management in 2012 from ROK Capital, where he was a Co-Founder and Chief Investment Officer. Prior to that, he spent five years at Tremblant Capital where he was a Managing Director investing in long/short equity strategies. Christian began his asset management career at Fidelity Investments in London, where he managed a Global Technology fund and a European Financials fund. He holds a BA in Economics from Dartmouth College and a MBA from The University of Pennsylvania Wharton School.

Todd Leigh

Senior Advisor Todd is Head of the HOLT Active Equity Group and a Senior Advisor to the HOLT Capital Discipline investment committee. Todd has been involved in investment banking and asset management for more than 20 years. He returned to Credit Suisse in 2012 from ROK Capital, where he was a Co-Founder and Director of Research. Prior to that, he spent three years at Relational Investors where he was a Managing Director and Partner in the investment management team. Todd’s earlier career at Credit Suisse spanned many roles and regions in the Investment Bank with his last role as a Managing Director in the Technology Investment Banking Group. Todd holds a BS in Commerce with a concentration in Accounting from the University of Virginia and is a CFA charterholder.

People Investment Team Biographies

34

The proprietary HOLT methodology eliminates subjectivity by converting accounting data into economic returns (CFROI®1), that more closely approximates a company’s underlying economics

Fundamental analysts make some of these adjustments: HOLT makes all of them for over 20,000

stocks in 65 countries.

Accounting

Cash

Value

Income Statement

Balance Sheet

EPS, ROE, ROCE

CFROI®

Economic Performance

CFROI®

Asset Growth

Life Cycle Fade

Discount Rate

Inflation

Depreciation

Asset Life

Asset Mix

Deferred Taxes

Research & Development

Off Balance Sheet Items

LIFO & FIFO Accounting

Asset Write-Offs

Monetary Holding Gains or Losses

Acquisition Accounting (Purchase

vs. Pooling)

Investments

Pension Gains/Losses

In-process R&D

Non-recurring Items

1 Cash Flow Return on Investment


The analytical backbone of our process

35

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012

Global market real discount rate

Market-calibrated valuation

Forecasted free cash flow calibrated to current market values through

observed, market implied discount rate

Calibrate future CFROI and growth rates embedded in the current stock

price

Discount rate

Future performance implied by today’s stock price

Historical returns

Proprietary performance metric (CFROI)

CFROI is a cash-based return on capital metric that aims to improve

comparability of corporate performance across companies, geographies and

time

Systematic adjustments applied to a global database with:

~ 20,000 companies in 65 countries

~ 50 years of data

Manual review by HOLT’s accounting specialists

CFROI Cash flows

Capital investment

Future value

Asset Life Historical performance Model / user projections Terminal value

Objective, long-term valuation framework

Model and user-defined projections for future returns and growth drive

future free cash flows

Empirically derived terminal value recognizes competitive life-cycle of

returns and growth (mean-reverting fade concept)

Credit

crisis

Tech bubble peak

Tech bubble

burst Total

Market

Value =

(1 + DR)

Solve

Forecast

Observed

The HOLT discount rate is forward-looking, derived from observed market valuation,

and accurately reflects current investors’ risk appetite.

Market Derived Discount Rate

Source: Credit Suisse HOLT


The analytical backbone of our process

36

Annual GIPS® Compliant Performance

Investment

Philosophy

37

Global Sustainable Dividend Strategy

HOLT® Capital Discipline Group is a group within Credit Suisse Asset Management (“CSAM”) that provides investment advisory and management services. Using a proprietary framework, the HOLT Capital Discipline Group constructs equity portfolios for retail and institutional clients. Prior to April 2016, the firm operated under Credit Suisse Asset Management AG and provided services through Credit Suisse’s Discretionary Managed Portfolios Program.

HOLT® Capital Discipline Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. HOLT® Capital Discipline Group has been independently verified for the periods July 1, 2008 through December 31, 2015. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The HOLT Global Sustainable Dividend Composite has been examined for the periods January 1, 2011 through December 31, 2015. Benchmark returns and gross of fee composite returns have not been examined. The verification and performance examination reports are available upon request.

The HOLT Global Sustainable Dividend - All World Composite includes all fully discretionary portfolios that are managed to the HOLT Global Sustainable Dividend - All World Strategy. The objective of the strategy is to seek current income, income growth, and capital appreciation by investing in U.S. and foreign stocks. Historically, exposure to foreign securities was primarily obtained through liquid American Depository Receipts (ADRs). Beginning January 2015, accounts in the composites must have the ability to directly invest in foreign stocks but may also obtain foreign exposure through ADRs. The date of the redefinition reflects the timing when Global Sustainable Dividend - All World began to be offered as a separate variation of the Global Sustainable Dividend investment strategy and was implemented when the composite was created. The change was made in order to better reflect the performance of Global Sustainable Dividend - All World portfolios that obtain foreign exposure primarily through direct investment in foreign securities, rather than through ADRs. The strategy focuses on high quality, blue chip companies with deep defensive moats, sustainable cash flows, and attractive valuations, without geographic constraints. These cash flow rich companies have excess capital to return to shareholders and are largely focused on wealth distribution. The Global Sustainable Dividend - All World Strategy leverages the Sustainable Dividend methodology powered by HOLT, an innovative stock selection method that offers a consistent, structured, and repeatable investment process. Portfolios must be materially invested to the model and hold a minimal amount of cash and other non-model assets prior to initial inclusion in the composite. Portfolios included in the composite are not necessarily 100% invested to the model for all time periods. The composite creation date is December 2014. The benchmark used for this composite is the MSCI ACWI Index (net) which is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. Net total return indexes reinvest dividends after the deduction of withholding taxes.

Certain accounts in the composite pay a "wrap fee" based on a percentage of assets under management. The wrap fee includes portfolio management services, administrative fees, account reporting services, SEC and exchange fees associated with account activity, as well as maintenance and custodial fees related to the account. Net performance results for wrap-fee accounts have been reduced by the entire actual wrap fee charged to each portfolio included in the composite. Starting in 2015, the composite includes non-wrap accounts, where management fees and expenses incurred are not bundled into one fee. For non-wrap accounts, net-of-fees results have been reduced by actual management fees and other expenses incurred. All performance results have been reduced by commissions and other charges incurred in connection with transactions, as well as fees, charges or other costs and expenses related to trading in foreign securities and American Depositary Receipts (ADRs) conversion fees, which are not included in the wrap fee (when applicable). As of each year-end from inception through 2014, 100% of the composite assets paid a wrap fee. As of year-end 2015, 97.7% of the composite assets paid a wrap fee.

Gross performance results for wrap-fee accounts are gross of the entire wrap fee and, therefore, gross-of-fees composite results are presented as supplemental information. Gross-of-fees results for non-wrap accounts are gross of management fees and expenses. Beginning July 2016, gross-of-fees composite results are calculated by aggregating account-level gross-of-fees returns. Prior to July 2016, gross-of-fees composite results were calculated by increasing net-of-fees results by the weighted-average fee paid by the accounts in the composite. The maximum wrap fee schedule charged to accounts in the composite is 2.0%. Actual fees incurred by clients may vary.

Valuations are computed and performance is reported in U.S. dollars. All returns include the reinvestment of income and dividends. When applicable, performance is net of foreign withholding taxes. The measure of composite dispersion presented is the asset-weighted standard deviation of annual portfolio returns for portfolios included in the composite for the full year. The three-year annualized standard deviation of monthly returns for the composite and the benchmark are not presented when 36 consecutive monthly returns are not yet available for the composite. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. A complete list of composite descriptions is available upon request. Past performance is no guarantee of future results. In September 2016, the strategy experienced changes to the investment team due to the departure of two portfolio managers. The management transition did not result in any alteration to the investment process.

Year Composite Net

Return

Composite Gross

Return

(Supplemental)

Benchmark Return

MSCI ACWI Index

(Net)

Number of

Portfolios Dispersion

Composite Assets

(M)

Total Firm

Assets

(M)

3 Year Annualized

Composite

Std. Dev.

3 Year Annualized

Benchmark

Std. Dev.

2015 (0.1)% 0.8 % (2.4)% 865 0.4 % 1,131 2,154 10.2 % 10.8 %

2014 0.7 % 1.7 % 4.2 % 1,562 0.5 % 1,772 3,901 9.4 % 10.5 %

2013 21.7 % 22.8 % 22.8 % 1,493 0.8 % 1,660 3,174 10.0 % 13.9 %

2012 12.6 % 13.7 % 16.1 % 987 0.7 % 772 1,539 -- --

2011 8.0 % 9.0 % (7.3)% 423 0.7 % 322 634 -- --

38

US Sustainable Dividend Strategy

Year Composite Net

Return

Composite Gross

Return

(Supplemental)

Benchmark Return

S&P 500 Index

Number of


Composite Assets

(M)

Total Firm

Assets

(M)

3 Year Annualized

Composite

Std. Dev.

3 Year Annualized

Benchmark

Std. Dev.

2015 2.8 % 4.1 % 1.4 % 183 0.4 % 160 2,154 10.1 % 10.5 %

2014 9.9 % 11.3 % 13.7 % 202 0.4 % 215 3,901 8.3 % 9.0 %

2013 28.0 % 29.6 % 32.4 % 111 1.8 % 82 3,174 9.0 % 11.9 %

2012 11.3 % 12.7 % 16.0 % 43 N/A 34 1,539 -- --

2011 13.4 % 14.9 % 2.1 % Five or Fewer N/A <1 634 -- --

39


HOLT® Capital Discipline Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. HOLT® Capital Discipline Group has been independently verified for the periods July 1, 2008 through December 31, 2015. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The HOLT U.S. Sustainable Dividend Composite has been examined for the periods January 1, 2011 through December 31, 2015. Benchmark returns and gross of fee composite returns have not been examined. The verification and performance examination reports are available upon request.

The HOLT U.S. Sustainable Dividend Composite includes all fully discretionary portfolios that are managed to the HOLT U.S. Sustainable Dividend Strategy. The objective of the strategy is to seek current income, income growth, and capital appreciation. The strategy focuses on high quality, blue chip, U.S. companies with deep defensive moats, sustainable cash flows, and attractive valuations. These cash flow rich companies have excess capital to return to shareholders and are largely focused on wealth distribution. The U.S. Sustainable Dividend Strategy leverages the Sustainable Dividend methodology powered by HOLT, an innovative stock selection method that offers a consistent, structured, and repeatable investment process. Portfolios must be materially invested to the model and hold a minimal amount of cash and other non-model assets prior to initial inclusion in the composite. Portfolios included in the composite are not necessarily 100% invested to the model for all time periods. The composite creation date is December 2014. The benchmark used for this composite is the S&P 500 Index which consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock’s weight in the index proportionate to its market value. The reported returns reflect a total return for each year inclusive of dividends but exclusive of taxes and management fees.

Certain accounts in the composite pay a "wrap fee" based on a percentage of assets under management. The wrap fee includes portfolio management services, administrative fees, account reporting services, SEC and exchange fees associated with account activity, as well as maintenance and custodial fees related to the account. Net performance results for wrap-fee accounts have been reduced by the entire actual wrap fee charged to each portfolio included in the composite. As of each year-end from inception through 2015, 100% of the composite assets paid a wrap fee. Starting in 2016, the composite includes non-wrap accounts, where management fees and expenses incurred are not bundled into one fee. For non-wrap accounts, net-of-fees results have been reduced by actual management fees but are gross of administrative expenses. All performance results have been reduced by commissions and other charges incurred in connection with transactions, as well as fees, charges or other costs and expenses related to trading in foreign securities and American Depositary Receipts (ADRs) conversion fees, which are not included in the wrap fee (when applicable).


Valuations are computed and performance is reported in U.S. dollars. All returns include the reinvestment of income and dividends. When applicable, performance is net of foreign withholding taxes. The measure of composite dispersion presented is the asset-weighted standard deviation of annual portfolio returns for portfolios included in the composite for the full year. The three-year annualized standard deviation of monthly returns for the composite and the benchmark are not presented when 36 consecutive monthly returns are not yet available for the composite. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. A complete list of composite descriptions is available upon request. Past performance is no guarantee of future results.

In September 2016, the strategy experienced changes to the investment team due to the departure of two portfolio managers. The management transition did not result in any alteration to the investment process.

European Sustainable Dividend Strategy


HOLT® Capital Discipline Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. HOLT® Capital Discipline Group has been independently verified for the periods July 1, 2008 through December 31, 2015. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The HOLT European Sustainable Dividend Composite has been examined for the periods July 1, 2013 through December 31, 2015. Benchmark returns and gross of fee composite returns have not been examined. The verification and performance examination reports are available upon request.

The HOLT European Sustainable Dividend Composite includes all fully discretionary portfolios that are managed to the HOLT European Sustainable Dividend Strategy. The European Sustainable Dividend Strategy leverages the Sustainable Dividend methodology powered by HOLT, an innovative stock selection method that offers a consistent, structured, and repeatable investment process. The objective of the strategy is to seek current income, income growth, and capital appreciation. The strategy focuses on high quality, blue chip, European companies with deep defensive moats, sustainable cash flows, and attractive valuations. These cash flow rich companies have excess capital to return to shareholders and are largely focused on wealth distribution. Portfolios must be materially invested to the model and hold a minimal amount of cash and other non-model assets prior to initial inclusion in the composite. Portfolios included in the composite are not necessarily 100% invested to the model for all time periods. The composite creation date is December 2014.

The benchmark used for this composite is the MSCI Europe Index (net). The MSCI Europe Index (net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed markets in Europe. Net total return indexes reinvest dividends after the deduction of withholding taxes.





Year Composite Net

Return

Composite Gross

Return

(Supplemental)

Benchmark Return

MSCI Europe

Index (Net)

Number of


Composite Assets

(M)

Total Firm

Assets

(M)

3 Year Annualized

Composite

Std. Dev.

3 Year Annualized

Benchmark

Std. Dev.

2015 (2.7)% (1.5)% (2.8)% 150 0.4 % 123 2,154 -- --

2014 (4.0)% (2.8)% (6.2)% 200 1.4 % 183 3,901 -- --

2013 20.2 % 20.9 % 22.6 % Five or Fewer N/A 14 3,174 -- --

40

US Large Cap Core Strategy


HOLT® Capital Discipline Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. HOLT® Capital Discipline Group has been independently verified for the periods July 1, 2008 through December 31, 2015. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The HOLT U.S. Large Cap Core Composite has been examined for the periods July 1, 2008 through December 31, 2015. Benchmark returns and gross of fee composite returns have not been examined. The verification and performance examination reports are available upon request.

The HOLT U.S. Large Cap Core Composite includes all fully discretionary portfolios that are managed to the HOLT U.S. Large Cap Core Strategy. The U.S. Large Cap Core Strategy leverages the Capital Appreciation methodology powered by HOLT, an innovative stock selection method that offers a consistent, structured, and repeatable investment process. The strategy generally invests in fifty U.S. Large Cap Core stocks and focuses on well managed, best-in-class companies with improving fundamentals and attractive valuations. These companies are focused on wealth creation, either by investing in above cost-of-capital projects or by divesting below cost-of-capital projects. Portfolios must be materially invested to the model and hold a minimal amount of cash and other non-model assets prior to initial inclusion in the composite. Portfolios included in the composite are not necessarily 100% invested to the model for all time periods. The composite creation date is December 2014. The benchmark used for this composite is the S&P 500 Index which consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock’s weight in the index proportionate to its market value. The reported returns reflect a total return for each year inclusive of dividends but exclusive of taxes and management fees.



Valuations are computed and performance is reported in U.S. dollars. All returns include the reinvestment of income and dividends. When applicable, performance is net of foreign withholding taxes. The measure of composite dispersion presented is the asset-weighted standard deviation of annual portfolio returns for portfolios included in the composite for the full year. The three-year annualized standard deviation of monthly returns for the composite and the benchmark are not presented when 36 consecutive monthly returns are not yet available for the composite. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. A complete list of composite descriptions is available upon request. Past performance is no guarantee of future results. In September 2016, the strategy experienced changes to the investment team due to the departure of two portfolio managers. The management transition did not result in any alteration to the investment process.

Year Composite Net

Return

Composite Gross

Return

(Supplemental)

Benchmark Return

S&P 500 Index

Number of


Composite Assets

(M)

Total Firm

Assets

(M)

3 Year Annualized

Composite

Std. Dev.

3 Year Annualized

Benchmark

Std. Dev.

2015 2.5 % 3.7 % 1.4 % 150 0.7 % 113 2,154 11.2 % 10.5 %

2014 7.8 % 9.1 % 13.7 % 166 0.7 % 130 3,901 10.0 % 9.0 %

2013 30.8 % 32.4 % 32.4 % 132 0.6 % 122 3,174 12.7 % 11.9 %

2012 16.9 % 18.3 % 16.0 % 79 0.9 % 71 1,539 16.5 % 15.1 %

2011 1.2 % 2.4 % 2.1 % 65 1.2 % 55 634 19.0 % 18.7 %

2010 10.3 % 11.6 % 15.1 % 57 0.6 % 31 146 -- --

2009 25.9 % 27.4 % 26.4 % Five or Fewer N/A 3 12 -- --

2008 (24.3)% (23.9)% (28.5)% Five or Fewer N/A 1 1 -- --

41

US Small Cap Blue Chip Strategy


HOLT® Capital Discipline Group claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. HOLT® Capital Discipline Group has been independently verified for the periods July 1, 2008 through December 31, 2015. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The HOLT U.S. Small Cap Blue Chip Composite has been examined for the periods October 1, 2012 through December 31, 2015. Benchmark returns and gross of fee composite returns have not been examined. The verification and performance examination reports are available upon request.

The HOLT U.S. Small Cap Blue Chip Composite includes all fully discretionary portfolios that are managed to the HOLT U.S. Small Cap Blue Chip Strategy. The strategy generally invests in approximately fewer than fifty U.S. Small Cap stocks and focuses on well managed, best-in-class companies with improving fundamentals and attractive valuations. The U.S. Small Cap Blue Chip Strategy leverages the Capital Appreciation methodology powered by HOLT, an innovative stock selection method that offers a consistent, structured, and repeatable investment process. Portfolios must be materially invested to the model and hold a minimal amount of cash and other non-model assets prior to initial inclusion in the composite. Portfolios included in the composite are not necessarily 100% invested to the model for all time periods. The composite creation date is December 2014.The benchmark for this composite is the Russell 2000 Index which is an market-capitalization weighted index measuring the performance of the 2,000 smallest U.S. companies, on a market capitalization basis, in the Russell 3000 Index.

Prior to April 2016, accounts in the composite paid a "wrap fee" based on a percentage of assets under management. The wrap fee included portfolio management services, administrative fees, account reporting services, SEC and exchange fees associated with account activity, as well as maintenance and custodial fees related to the account. Net performance results for wrap-fee accounts have been reduced by the entire actual wrap fee charged to each portfolio included in the composite. As of each year-end from inception through 2015, 100% of the composite assets paid a wrap fee. Starting in March 2016, the composite includes non-wrap accounts, where management fees and expenses incurred are not bundled into one fee. For non-wrap accounts, net-of-fees results have been reduced by actual management fees but are gross of administrative expenses. All performance results have been reduced by commissions and other charges incurred in connection with transactions, as well as fees, charges or other costs and expenses related to trading in foreign securities and American Depositary Receipts (ADRs) conversion fees, which are not included in the wrap fee (when applicable).

Gross performance results for wrap-fee accounts are gross of the entire wrap fee and, therefore, gross-of-fees composite results prior to July 2016 are presented as supplemental information. Gross-of-fees results for non-wrap accounts are gross of management fees and expenses. Beginning July 2016, gross-of-fees composite results are calculated by aggregating account-level gross-of-fees returns. Prior to July 2016, gross-of-fees composite results were calculated by increasing net-of-fees results by the weighted-average fee paid by the accounts in the composite. The maximum wrap fee schedule charged to accounts in the composite is 2.0%. Actual fees incurred by clients may vary.



Year Composite Net

Return

Composite Gross

Return

(Supplemental)

Benchmark Return

Russell 2000

Index

Number of


Composite Assets

(M)

Total Firm

Assets

(M)

3 Year Annualized

Composite

Std. Dev.

3 Year Annualized

Benchmark

Std. Dev.

2015 (3.3)% (2.1)% (4.4)% 51 0.5 % 24 2,154 13.2 % 14.0 %

2014 6.5 % 7.8 % 4.9 % 71 0.5 % 42 3,901 -- --

2013 33.0 % 34.6 % 38.8 % 71 1.5 % 42 3,174 -- --

2012 2.1 % 2.4 % 1.9 % 6 N/A 4 1,539 -- --

42

This material has been prepared by Credit Suisse Asset Management, LLC (“Credit Suisse”) on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. This material is for informational and illustrative purposes only and is intended solely for the information of those to whom it is distributed by Credit Suisse. No part of this material may be reproduced or retransmitted in any manner without the prior written permission of Credit Suisse. Credit Suisse does not represent, warrant or guarantee that this information is suitable for any investment purpose other than as specifically contemplated by a written agreement with Credit Suisse and it should not be used as a basis for investment decisions. This material does not purport to contain all of the information that a prospective investor may wish to consider. This material is not to be relied upon as such or used in substitution for the exercise of independent judgment. Past performance does not guarantee or indicate future results. This material should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment products or to adopt any investment strategy. The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that any investments in companies, securities, sectors, strategies and/or markets identified or described herein were or will be profitable and no representation is made that any investor will or is likely to achieve results comparable to those shown or will make any profit or will be able to avoid incurring substantial losses. This informational report does not constitute research and may not be used or relied upon in connection with any offer or sale of a security or hedge fund or fund of hedge funds. Performance differences for certain investors may occur due to various factors, including timing of investment and eligibility to participate in new issues. Investment return will fluctuate and may be volatile, especially over short time horizons. Each investor’s portfolio may be individually managed and may vary from the information shown in terms of portfolio holdings, characteristics and performance. Current and future portfolio compositions may be significantly different from the information shown herein. Investing entails risks, including possible loss of some or all of the investor’s principal. The investment views and market opinions/analyses expressed herein may not reflect those of Credit Suisse Group AG as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties. The only legally binding terms of this investment product including risk considerations, objectives, charges and expenses are set forth in the private placement memorandum and subscription

documents which are available upon request. This document does not constitute an offer or invitation to enter into any type of financial transaction. The issuer has no obligation to issue this investment product. Where not explicitly otherwise stated, the issuer has no duty to invest in the underlying assets. Before deciding to invest, prospective investors must carefully read the relevant private placement memorandum and subscription documents and pay particular attention to the risk factors contained therein and determine if this investment product suits the investor’s particular circumstances and should independently assess (with the investor’s tax, legal and financial advisers) the specific risks (maximum loss, currency risks, etc.) and the legal, regulatory, credit, tax and accounting consequences. Prospective investors should have the financial ability and willingness to accept the risk characteristics of this investment product. This investment product is intended only for investors who understand and are capable of assuming all risks involved. Credit Suisse makes no representation as to the suitability of this investment product for any particular investor or as to the future performance of this investment product. This material is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Credit Suisse and/or its subsidiaries or affiliates to any registration or licensing requirement within such jurisdiction. Materials have been furnished to the recipient and should not be re-distributed without the expressed written consent of Credit Suisse. The charts, tables and graphs contained in this document are not intended to be used to assist the reader in determining which securities to buy or sell or when to buy or sell securities. Benchmarks are used solely for purposes of comparison and the comparison does not mean that there will necessarily be a correlation between the returns described herein and the benchmarks. There are limitations in using financial indices for comparison purposes because, among other reasons, such indices may have different volatility, diversification, credit and other material characteristics (such as number or type of instrument or security). (https://www.credit-suisse.com/us/en/private-banking/glossary-indices.html) Case studies are being provided for illustrative purposes only and should not be relied upon for any investment decision. The reader should not assume that any investments in companies, securities, sectors, strategies and/or markets identified or described herein were or will be profitable or that these investment opportunities will be executed upon or available upon similar terms if executed upon by an investment fund or account sponsored by the manager.

Important Disclosures

43

https://www.credit-suisse.com/us/en/private-banking/glossary-indices.html















Case studies are being provided for illustrative purposes only and should not be relied upon for any investment decision. The reader should not assume that any investments in companies, securities, sectors, strategies and/or markets identified or described herein were or will be profitable or that these investment opportunities will be executed upon or available upon similar terms if executed upon by an investment fund or account sponsored by the manager. The investment strategy described herein relies on proprietary models and predictions with regard to the performance of an asset class or particular investment generated by these models and may not be accurate because of imperfections in the models, their deterioration over time, or other factors, such as the quality of the data input into the model, which involves the exercise of judgment. Even if the model functions as anticipated, it cannot account for all factors that may influence the prices of the investments, such as event risk.

All accounts pay a "wrap fee" based on a percentage of assets under management. The wrap fee includes portfolio management services, administrative fees, account reporting

services, SEC and exchange fees associated with account activity, as well as maintenance and custodial fees related to the account. Net performance results have been reduced by the

actual wrap fee charged to each portfolio included in the composite. Gross performance results are gross of the entire wrap fee and are provided as supplemental information. Both

gross and net performance results have been reduced by commissions and other charges incurred in connection with transactions as well as fees, charges or other costs and

expenses related to trading in foreign securities and American Depositary Receipts (ADRs) conversion fees, which are not included in the wrap fee. Gross-of-fees results were

calculated by increasing net-of-fees results by the weighted-average fee paid by the accounts in the composite. The maximum wrap fee schedule charged to accounts in the composite

is 2.0%. Actual fees incurred by clients may vary.

The HOLT methodology does not assign ratings or a target price to a security. It is an analytical tool that involves use of a set of proprietary quantitative algorithms and warranted value calculations, collectively called the HOLT valuation model, that are consistently applied to all the companies included in its database. Third-party data (including consensus earnings estimates) are systematically translated into a number of default variables and incorporated into the algorithms available in the HOLT valuation model. The source financial statement, pricing, and earnings data provided by outside data vendors are subject to quality control and may also be adjusted to more closely measure the underlying economics of firm performance. These adjustments provide consistency when analyzing a single company across time, or analyzing multiple companies across industries or national borders. The default scenario that is produced by the HOLT valuation

model establishes a warranted price for a security, and as the third-party data are updated, the warranted price may also change. The default variables may also be adjusted to produce alternative warranted prices, any of which could occur. Additional information about the HOLT methodology is available on request. CFROI, CFROE, HOLT, HOLT Lens, HOLTfolio, HOLTSelect, HS60, HS40, ValueSearch, AggreGator, Signal Flag, Forecaster, “Clarity is Confidence” and “Powered by HOLT” are trademarks or registered trademarks of Credit Suisse Group AG or its affiliates in the United States and other countries. HOLT is a corporate performance and valuation advisory service of Credit Suisse. © Copyright 2017. CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

Important Disclosures

44

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