PortfolioCenter® Reports

Schwab Performance Technologies®

Contents

Overview

Client Statements, Tax and Activity ReportsPortfolio StatementGraphical Portfolio StatementPortfolio Position AnalysisAsset Allocation ReportIncome ReportRealized Gains and LossesBilling StatementUnrealized Gains and LossesTransaction Ledger

Client Performance ReportsComparative Performance ReviewPortfolio Performance ReviewPosition Performance SummaryGraphical Position Performance SummaryComparative Portfolio PerformancePerformance vs. BenchmarksPortfolio Value vs. Cumulative Net InvestmentComponents of Change in Portfolio ValuePerformance AnalysisTarget Index ReportPortfolio Performance HistoryGraphical Portfolio Performance History

Management and Accounting ReportsPortfolio Rebalancing ReportBond AnalysisFixed Income SummaryGraphical Fixed Income AllocationProjected Income and Principal RedemptionsYield AnalysisAsset Class SummaryGlobal Performance ReviewComposite Return ReportGlobal Performance SummaryBilling SummaryCross Reference by SecurityMoney Balances ReportMaster List of SecuritiesGlobal Maturity ReportGlobal Brokerage Fees

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© 2009 Schwab Performance Technologies. All rights reserved. BRM MKT23988-03 (01/09)

Document Date: February 12, 2009

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Professional Client Reports OverviewGenerate professional reports right out of the box or easily customize them to suit your specific presentation needs with PortfolioCenter®. Now you can get more value from your data by publishing high-impact reports in seconds and use them to help improve client communication and strengthen those relationships.

Your reports should highlight your firm’s unique strengths. Set yourself apart by providing customized reports that enhance your brand and present the information your clients want to see in an easy-to-understand format. Whether you want to change a title, reformat columns or designate sort methods, all of our reports are easy to edit and can be customized in a variety of ways. You determine the report content and style that works best for you and your clients. Our system lets you quickly assemble critical client information in highly interactive reports. Here are just a few ways:• Run client statement reports as of any date, properly reflecting date-specific holdings and values.• For ledger reporting, choose any date range over which to view data.• Present portfolio performance calculations over multiple date ranges on a single report.• For families of accounts, group the accounts into one consolidated portfolio, then sort the holdings by member portfolio or report all holdings together.• Group conservative and aggressive accounts together into user-defined sets for composite reporting and interoffice management reports.

As an independent investment advisor, you might manage both discretionary and nondiscretionary assets. To help ensure meaningful performance reporting, our system allows you to identify portfolio assets to exclude from performance.

Different employees in your firm may have distinct reporting needs. Year-end reports, quarterly reports and reports published to a Web site each require unique layouts. To accommodate all your individualized reporting needs, our system stores multiple Report Profiles for each report, ensuring that any layout customizations an employee makes can be saved and retrieved at any time.

Without the proper tools, quarter-end reporting can be a very stressful time. Our powerful batch- printing capabilities make your quarterly reporting process a breeze. Simply select the clients that need reports, the specific reports they need and the order in which to generate them. Then print the reports for mailing or save them as PDF files and email them to your clients for efficient information delivery.

PortfolioCenter offers you professional reports that are easy to produce, customize and understand. You’ll enhance your firm’s image and facilitate better communication with clients as soon as you begin using them.

Leverage powerful reporting tools

Easily customize reports to meet your needs

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Client Statements, Tax and Activity Reports

• Easily pick and choose from over 100 available report columns to include on reports. Adjust column headers, decimal precision, header justification and many other characteristics on a per column basis.• Easily change the title of reports and adjust margins to conform to your company letterhead.• Include or exclude specified security types from reporting.

• Sort statement reports by asset class, sector, subsector or any combination of the three. Display sorting level totals and grand totals.• Report gains and losses by trade lot or by position.

• Report by fiscal year or by date range.

• Include unmanaged positions on reports, exclude them or report them separately.

• Create tiered billing schedules for assigning different bill rates per asset range, enabling you, for example, to bill the first $1,000,000 at .25% and the second $1,000,000 at .22%.• Set up billing by category to bill equities at one rate and fixed income securities at another.• Prorate capital flows to adjust for money coming into and out of the account during the billing cycle to eliminate inflated or deflated bill amounts.

Customize your reports through flexible report settings

Create sophisticated billing schedules and invoices

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The Portfolio Statement lists holdings “as of” any date with unrealized gain/loss and current yield. Client reports can be sorted by asset class, sector or subsector. Holdings can also be separated into managed and unmanaged assets.

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The Graphical Portfolio Statement lists all of a client’s holdings by security position as of a specified date, and you can add a graph or chart to communicate more effectively with your clients. The Portfolio Allocation graph is a good one to include with this report.

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The Portfolio Position Analysis lists the holdings in an individual or group portfolio “as of” any date. It includes the internal rate of return for each position since purchase. All client reports can be run for a single or group portfolio and generated using a variety of fonts. Reports on group portfolios can be sorted by member portfolio.

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The Asset Allocation report compares the actual portfolio allocation with the target allocation, in both graphical and tabular form.

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The Income Report can summarize income by position or list each payment separately. Interest and dividend payments are divided into groups that define their federal and state tax status.

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Realized Gains and Losses calculates realized gains and losses by fiscal or calendar year. The gain/loss can be calculated on a FIFO, average cost, selected trade lot, high cost or low cost basis.

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Billing Statement — The billing functions let you compute management fees as a percentage of the portfolio value. You can use either a single billing rate or multiple billing rates that apply at different breakpoint values. Different billing rates and breakpoints can also be used for different types of assets.

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Unrealized Gains and Losses by trade lot presents a detailed analysis of the unrealized gains and losses “as of” any date for a portfolio or portfolio group.

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The Transaction Ledger reports all activity in a portfolio within a requested time period. The report can optionally list transactions by posting date.

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Client Performance Reports• Report on multiple date ranges, such as “year to date” and “since inception” to show how performance has changed over time.

• Compare portfolio returns to multiple market index returns.

• Measure size-weighted or equal-weighted composite returns for a selected set of portfolios.

• Create blended indexes that change over time, and assign them to specific portfolios for performance comparison.

• Calculate internal rates of return and time-weighted rates of return, both before and after management fees.

• Graph how a specified dollar amount grows when invested in the actual portfolio versus up to five different indexes all on the same report.

• Calculate performance returns on both the portfolio level and on the individual asset class level.

• Calculate advanced analytics such as Standard deviation, Beta, Alpha, R Squared, Sharpe Ratio and Treynor Ratio for both portfolio returns and/or asset class returns.

• Measure size-weighted or equal-weighted composite returns for all or any subset of portfolios, using monthly or quarterly weightings. Define an unlimited number of composites and define the time period a portfolio is included in a composite.

• Calculate composite statistics such as number of accounts, percent total accounts, average and median account size. Also calculate dispersion statistics such as size- and equal-weighted dispersion, QDD1, QDD4 and highest and lowest performer.

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The Comparative Performance Review provides a summary of activity that can include the beginning and ending values, total deposits and withdrawals, and net investment gain or loss.

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The Portfolio Performance Review details portfolio returns in a tabular format. The summary information at the top of the report can be displayed in a wide variety of formats. A blended index can be constructed to match the asset allocation policy of the portfolio.

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The Position Performance Summary computes the internal rate of return (IRR) for each position for a requested time period.

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Run the Graphical Position Performance Summary to display how portfolio allocations have changed over time and how the portfolio has performed during the date range. Choose between five different graph types to present the information that is needed.

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The Comparative Portfolio Performance Summary compares portfolio returns with up to five market indexes. You can compare returns on a monthly, quarterly or yearly basis.

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The Performance vs. Benchmarks report uses a vertical bar chart to show the portfolio’s IRR or TWR compared with up to five benchmarks (indexes) for up to eight time periods.

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The Portfolio Value vs. Cumulative Net Investment report shows the relative contributions of cumulative net investment and investment gain to total portfolio value. You can view these contributions as an area graph, a line chart or a bar chart.

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The Components of Change in Portfolio Value report shows how each of several items affected portfolio value during a specific time period.

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The Performance Analysis includes both portfolio and asset class returns in a tabular format for up to eight user-selected time periods. Optional computations include standard deviation, Sharpe ratio, Treynor ratio, Beta, Alpha and R-squared.

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The Target Index Report shows the details in the construction of the blended index. An index and weight are assigned to each asset class. A blended index can be created for each portfolio.

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The Portfolio Performance History presents time-weighted returns on a month by month basis for any period. Indexes can be included for comparisons over the same time period.

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The Graphical Portfolio Performance History report provides a graphical representation of the growth of a user-specified amount of money when invested in the actual portfolio versus up to 10 different market indexes. The report allows for comparison of portfolio level returns as well as asset class level returns and lets you to customize all elements within the graph.

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Management and Accounting Reports• Create models to compare portfolio allocations against, and identify securities/categories that are out of tolerance.

• Report on selected sets of portfolios or on all portfolios.

• Display risk measures and analytics for fixed income securities: current yield, yield at cost, yield to maturity, yield to call, yield to worst, duration, convexity, equivalent bond yield, simple interest rate and more.

• Cross-reference the entire database to identify portfolios with holdings of a specific security or security group, such as asset class or sector.

• Display money balances for portfolios that fall within a specified minimum and maximum balance range.

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The Portfolio Rebalancing Report compares a single or group portfolio to a model portfolio built on individual securities, asset classes, sectors or subsectors. The quantity column indicates shares to be bought or sold to bring the portfolio back in balance. The highlighted line shows positions that exceed the specified out-of-balance tolerance.

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The Bond Analysis lists all fixed income type securities with a choice of yields and other analytics. Yields, such as current yield, yield to maturity and yield to worst can be shown at both cost and market value. Duration and convexity are also available for measuring risk. For bonds trading at a user-specified level above their call price or bonds refunded early, yield to maturity computations are done to the call date and price.

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The Fixed Income Summary report breaks down all fixed income securities within a portfolio into different cross sections. You can view combined totals as well as weighted averages for all securities on the report. You can break down and sort the securities in the portfolio by interest rate, credit rating or maturity date.

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The Graphical Fixed Income Allocation report displays all fixed income securities within a portfolio and provides a graphical representation of their breakdown. The report and graph can be sorted by interest rate, credit rating or maturity date.

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Projected Income and Principal Redemptions shows all projected cash income and principal redemptions for the calendar or fiscal year.

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The Yield Analysis reports the projected annual income, the current yield and the after-tax yield of each position and of the total portfolio. For non-taxable securities, the taxable equivalent yield is computed.

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The Asset Class Summary reports asset class values and percentages for all or a subset of portfolios at any point in time.

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The Global Performance Review lists returns for all or a subset of portfolios for up to four time periods.

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Composite Return Report — Composite returns can be constructed as size-weighted or equal-weighted averages for any set of related accounts. Size weighting can be monthly or quarterly. Asset class segments from balanced accounts can be included in a single asset class composite. Accounts can be included in composites for specific time periods.

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The Global Performance Summary reports beginning and ending values, net flows and returns for any set of portfolios over a selected time period. Optional summary data can be included at the bottom of the report.

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The Billing Summary displays the billing amounts computed for all portfolios in a specific date range. When computing management fees, adjustments can be made for assets not held for the entire period. A minimum fee override and miscellaneous adjustments can also be specified.

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Cross Reference by Security lists all portfolios that hold a given security. The report can list each trade lot (upper report) or summarize by position (lower report).

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The Money Balances Report monitors cash positions in each portfolio. It can be run for all portfolios or a set of portfolios.

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The Master List of Securities summarizes holdings across all portfolios or a set of portfolios “as of” any date.

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The Global Maturity Report lists fixed income securities sorted by maturity dates, as well as the accounts that hold them.

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Global Brokerage Fees summarizes brokerage costs for a single firm or for all brokerage firms across all portfolios.

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© 2009 Schwab Performance Technologies. All rights reserved. BRM MKT23988-03 (01/09)