Heinz Global Asset Management Statement of Investment Performance

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Independent Accountants Report For the Period October 1, 2005 Through December 31, 2014

Heinz Global Asset Management, Inc. is led by industry veteran Henry Molloy. “We are constantly looking for relative growth and income value opportunities,” says Molloy. The company, which helps institutions and accredited investors invest over the medium to long term, has a one million dollar minimum investment.

Heinz GAM reports performance statistics are as follows:

  • Cumulative return, 1 October 2005-31 December 2014: gross return, 285.82%; net return, 206.11%; S&P 500, 103.86%
  • 5 year cumulative return, 1 January 2010-31 December 2014: gross return, 178.74%; net return, 138.35%; S&P 500, 105.17%
  • 3 year cumulative return, 1 January 2012- 31 December 2014: gross return, 76.05%; net return, 58.41%; S&P 500, 74.62%

Annual return statistics are as follows:

  • 2006: gross return, 8.63%; net return, 8.63%; S&P 500, 15.79%
  • 2007: gross return, 17.27%; net return, 14.65%; S&P 500, 5.49%
  • 2008: gross return, (30. 94%); net return, (32.82%); S&P 500, (37%)
  • 2009: gross return, 67.81%; net return, 63.72%; S&P 500, 26.46%
  • 2010: gross return, 45.30%; net return, 41.73%; S&P 500, 15.06%
  • 2011: gross return, 8.97%; net return, 6.16%; S&P 500, 2.11%
  • 2012: gross return, 17.40%; net return, 14.19%; S&P 500, 16%
  • 2013: gross return, 35.78%; net return, 30.73%; S&P 500, 32.39%
  • 2014: gross return, 10.44%; net return, 6.12%; S&P 500, 13.69%

Disclosures for the statement include:

1. Organization
Heinz Global Asset Management Inc. is an investment advisor registered with the States of California, Nevada and Texas, and commenced operations on November 23, 2010. Henry Molloy is the CEP and Portfolio Manager of Heinz Global Asset Management Inc. Henry Molloy and Heinz Global Asset Management Inc. (collectively the “Advisors”) managed Account Number 007-047 (the “Account”) for the periods October 1, 2005 through November 30, 2010, and December 1, 2010 through December 31, 2014, respectively. The strategy for the Account remained the same under the management of both Advisors. The Advisors specialize in asset management and investment advisory services. The investment objective of the Advisors is, in general terms, to achieve superior investment returns through concentrated and well researched investments for its clients.

The accompanying Statement of Investment Performance Statistics (the “Statement”) represents the investment performance of the Account for the period October 1, 2005 through December 31, 2014. Until December 28, 2010, the Account consisted of assets held at The Bank of New York Mellon Corporation Account Number xxx-xxx264 which were owned entirely by the Account. On December 28, 2010, the assets in The Bank of New York Mellon Corporation Account Number xxx-xxx264 were transferred to Charles Schwab Account Number xxx-xxx337 and were held there at December 31, 2014.

The past performance statistics shown in the Statement are not necessarily indicative of future results. The market, economic trends, the political environment, and other factors that may have affected the performance shown in the Statement are subject to significant change in the future.

2. Calculations of Rates of Return
Rates of Return—Gross and net

The investment performance statistics were calculated on both the gross and net biases as follows:

Cumulative gross rates of return are computed by compounding the monthly gross rates of return for each period presented. Monthly gross return is calculated at the end of each month by dividing the monthly gross profits and losses of the Account by the net asset value of the Account at the beginning of each month. Gross profits and losses consist of realized and unrealized gains and losses, interests and dividend income, and exclude the effects of management and performance fees paid to the Advisors.

Annual gross return presented for each is calculated by compounding the monthly gross rates of return for the year.

Cumulative net rates of return are computed by compounding the monthly net rates of return for each period presented. Monthly net return is calculated at the end of each month by dividing the monthly net profits and losses of the account by the net asset value of the Account at the beginning of each month. Net profits and losses consist of realized and unrealized gains and losses, interest dividend income, and include the effects of management and performance feeds paid to the Advisors.

Annual net return presented for each year is calculated by compounding the monthly net rates of return for the year.

3. Management Fee
For the period October 1, 2005 through December 31, 2006, Henry Molloy charged the Account commissions and did not receive a management fee. For the period January 1, 2007 through November 30, 2010, Henry Molloy received a management fee equal to 0.625% (2.5% per annum) of the Account balance at the beginning of each quarter. For the period December 1, 20010 through December 31, 2014, Heinz Global Asset Management Inc. received a management fee equal to 0.4375% (1.75% per annum) of the Account balance at the beginning of the quarter.

4. Performance Fee
For the period October 1, 2005 through November 30, 2010, the Advisors did not charge a performance fee. For the period December 1, 2010 through December 31, 2014, Heinz Global Asset Management Inc. charged the Account a 10% performance fee on the profits earned for each quarter (after management fee is deducted).

5. Capital Transactions
Contributions are effective as of the first day of the month and withdrawals are effective as of the last day of the month.

6. S&P 500 Index Return
S&P 500 index focuses on the large cap segment of the market, with a coverage of approximately 75% of the U.S. equities. It is widely regarded as the best single gauge of the U.S. equities market and includes 500 leading companies in the leading industries of the U.S. economy. The Advisors consider the S&P 500 index to be the ideal benchmark to evaluate the Account’s performance.

S&P 500 index cumulative rates of return are calculated by compounding the S&P 500 index monthly rates of return for each period presented.

S&P 500 index annual returns presented are calculated by compounding the S&P 500 index monthly rates of return for each year presented.

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Henry Molloy
Heinz GAM
+1 (775) 420-8606
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