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Endowment Index Named A Finalist for Index of the Year by

Endowment Index™ Closes at 1,032.91 to end 2014

The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW on Google Finance) closed at 1032.91 on Wednesday December 31, 2014. The Endowment Index was launched on May 19, 2014 with an initial value of 1,000. The December 31, 2013 backtested indicative Endowment Index value was 983.49. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets).

Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not have fees. Back-tested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Back-tested performance is developed with the benefit of hindsight and has inherent limitations.


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