Enter Title

Performance Quick Review (Net of Fees)
As of 08/31/2014
HCM Managed Account Strategies
Investor Lifestyle Portfolio (ILP) Holdings 2013 2014 YTD
ILP ETF Conservative Various ETFs 4.87% 5.54%
ILP ETF Balanced Various ETFs 12.38% 6.04%
ILP ETF Growth Various ETFs 19.67% 6.09%
Investor Lifestyle Portfolio (ILP) Holdings 2013 2014 YTD
ILP MF Conservative Various Mutual Funds 0.67% 5.68%
ILP MF Balanced Various Mutual Funds 12.75% 4.74%
ILP MF Growth Various Mutual Funds 24.08% 3.89%
Active Lifestyle Portfolio (ALP) Holdings 2013 2014 YTD
ALP Conservative Various Mutual Funds 10.57% 8.41%
ALP Balanced Various Mutual Funds 15.73% 9.85%
ALP Growth Various Mutual Funds 20.80% 11.00%
All American Programs Holdings 2013* 2014 YTD
All American Conservative Various Mutual Funds 6.41% 10.54%
All American Balanced Various Mutual Funds 8.21% 9.91%
All American Growth Various Mutual Funds 9.96% 9.29%
All American Aggressive Various Mutual Funds 12.62% 8.34%
Viper 2 Programs Holdings 2013 2014 YTD
Viper 2 Conservative Vanguard ETFs, Various Mutual Funds 6.21% 3.02%
Viper 2 Balanced Vanguard ETFs, Various Mutual Funds 7.40% 1.39%
Viper 2 Growth Vanguard ETFs, Various Mutual Funds 11.07% -0.18%
Viper 2 Vanguard ETFs 15.65% -2.41%
Charles Schwab Programs Holdings 2013 2014 YTD
CS ETF Conservative Charles Schwab ETFs, Mutual Funds 4.38% 4.93%
CS ETF Balanced Charles Schwab ETFs, Mutual Funds 6.09% 4.85%
CS ETF Growth Charles Schwab ETFs, Mutual Funds 8.08% 3.97%
Profit Push Programs Holdings 2013 2014 YTD
Profit Push-Lg & Mid Large and Mid Cap Stocks 41.28% 6.53%
Profit Push-Sm & Mid Small and Mid Cap Stocks 40.58% 2.31%
HCM Dividend Sector Index Plus Holdings 2013 2014 YTD
HCM Dividend Sector Index Plus Various Dividend-Paying Stocks n/a 12.03%
HCM All Weather Program Holdings 2013 2014 YTD
HCM All Weather Various Mutual Funds, Various ETFs 2.91% 7.19%
HCM FixedIncome/Bond Programs Holdings 2013 2014 YTD
HCM Bond Plus Various Mutual Funds 8.53% 6.02%
Horizon Bond Various Mutual Funds 2.36% 9.01%
HCM Aggressive Growth Programs Holdings 2013 2014 YTD
International Plus Various ETFs 10.45%
HCM-TC TIAA-CREF Mutual Funds 28.65% -0.71%
FID-PSR Various ETFs, Various Mutual Funds 45.32% 5.03%
RYX-PSR Rydex Mutual Funds 0.12% 26.15%
Performance shown is past performance and does not guarantee future results. Investment return and principal value fluctuate so an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted.
401(k), 403(b), 457 Plans
HCM 401(k) Optimizer® Holdings 2013 2014 YTD
HCM 401(k) Optimizer® Varies by Individual Plans 25.73% 1.62%
American Trust Holdings 2013 2014 YTD
HCM Conservative Various Mutual Funds 6.37% 5.93%
HCM Conservative Growth Various Mutual Funds 11.70% 5.63%
HCM Moderate Growth Various Mutual Funds 15.65% 5.41%
HCM Growth Various Mutual Funds 19.68% 5.16%
HCM Aggressive Growth Various Mutual Funds 25.54% 4.80%
Security Benefit (SFR®) Holdings 2013 2014 YTD
HCM Income Various MutualFunds 1.05% 6.56%
HCM Conservative Various Mutual Funds 9.53% 5.07%
HCM Balanced Various Mutual Funds 15.93% 3.96%
HCM Growth Various Mutual Funds 22.64% 2.85%
HCM Aggressive Various Mutual Funds 32.59% 1.27%
Security Benefit (SecurePoint) Holdings 2013 2014 YTD
HCM Income Various Mutual Funds 4.80% 1.43%
HCM Conservative Various Mutual Funds 10.28% 2.69%
HCM Balanced Various Mutual Funds 14.34% 3.56%
HCM Growth Various Mutual Funds 18.48% 4.38%
HCM Aggressive Various Mutual Funds 24.45% 5.51%

There is no certainty that any investment or strategy (including the investments and/or investment strategies recommended by the advisor), will be profitable or successful in achieving investment objectives or equal to past performance levels. Please work with your financial advisor to determine which investment program is consistent with your financial objectives and risk tolerance. This service is available for a cost in addition to those associated with the underlying securities. Most Howard Capital Management (HCM) programs are actively managed and as such have an above-average turnover rate, which could have a negative impact upon the net after-tax gain experienced by an individual client in a taxable account. To discourage short-term investing and excessive trading, many mutual funds impose short-term redemption fees that range from 0.5% to 2.0%. Although HCM programs that trade mutual funds seek to avoid these fees, they may occasionally be incurred because of the active management strategy being utilized.

Returns that are based on actual implementation of the strategy calculated monthly use representative client accounts, and in some cases all client accounts that strictly trade the strategy of the HCM Program. Representative accounts are accounts managed solely with the HCM Program strategy that typically have no additional deposits, withdrawals or other transactions during the month. HCM 2013 and 2014 YTD Program returns based on actual client data include: HCM All Weather, HCM Bond Plus, Horizon Bond, Profit Push-Lg & Mid, Profit Push-Sm & Mid, HCM-TC, FID-PSR, RYX-PSR, All American Aggressive, All American Growth, All American Balanced, All American Conservative, All American Income, ALP Growth, ALP Balanced, ALP Conservative, ILP MF Growth, ILP MF Balanced, ILP MF Conservative, CS ETF Growth, CS ETF Balanced, and CS ETF Conservative.

HCM Program returns that are based on model portfolios held at FolioFN prior to 1/1/2014 are: ILP ETF Growth, ILP ETF Balanced, ILP ETF Conservative, International Plus, Viper 2, Viper 2 Growth, Viper 2 Balanced, and Viper 2 Conservative.

Performance results of the HCM 401(k) Optimizer® are based on the actual experience of the first two clients utilizing the HCM 401(k) Optimizer® program, both of whom participate in the City of Bryan, Texas’ 457 plan at ICMA-RC. These two clients, who began using the HCM 401(k) Optimizer® in April 2008, adhere to the recommendations produced by the HCM 401(k) Optimizer® and gave HCM access to their results. Results for other users of this program are not available because HCM does not know if the participants applied the recommendations to their accounts in a timely manner. These results are presented only as an example, and are not intended to indicate that a client will achieve the same or even similar results. Not all plans have the same choices of funds available, so results will differ depending on which choices are available. Results will also differ depending on the size of the initial balance (the higher the initial balance, the higher the net returns) and how accurately a client follows the advice of the HCM 401(k) Optimizer®.

HCM Program returns that are based on hypothetical data are: American Trust programs, Security Benefit (SFR®) programs and Security Benefit (SecurePoint) programs. These results were achieved through the retroactive application of a model that was designed with the benefit of hindsight. Model results have inherent limitations, particularly the fact that these results do not represent actual trading and may not reflect the impact that material economic and market factors might have placed on the advisor’s decision-making if the advisor were actually managing the client’s money. Backtesting, used in calculating results during the initial period stated above, involves a hypothetical reconstruction, based on past market data, of what the performance of a particular account would have been had the advisor been managing the account using a particular investment strategy. Backtested performance results are purely hypothetical and do not reflect actual trading in clients’ accounts. These results should not be viewed as indicative of the advisor’s skill and do not reflect the performance results that were achieved by any particular client. During this period, the advisor was not providing advice using this model and client’s results were materially different.

HCM's performance results are net of all fees and reflect the reinvestment of all income. All performance results are unaudited and have not been independently verified. No current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by the advisor), will be profitable or equal to past performance levels. The actual performance of an individual client’s portfolio may be lower or higher than the performance of the HCM portfolio strategy due to differences in timing of contributions and withdrawals, account start date and actual fees paid. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio. All investment strategies have the potential for profit or loss. Past performance is not a guarantee of future investment success.

Howard Capital Management, Inc. (HCM) offers its investment methodology through multiple programs that may invest in stocks, mutual funds or exchange traded funds (ETFs). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will either be suitable or profitable for a client’s investment portfolio. Investment returns will fluctuate and are subject to market volatility due to general market and economic conditions and perceptions, so that an investor’s shares when redeemed may be worth more or less than their original costs. The net asset value per share of this HCM program will fluctuate as the value of the securities in the portfolio changes. There are unique potential risks associated with the specific asset classes that a mutual funds or an ETF represents. ETFs are subject to risks similar to those of stocks. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. Investments in smaller companies typically exhibit higher volatility. In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility. Bonds and bond funds will decrease in value as interest rates rise. High-yield bonds may be issued by companies which are highly leveraged, less creditworthy or financially distressed. Although these investments generally provide a higher yield than higher-rated debt securities, the high degree of risk involved in these investments can result in substantial or total losses. These securities are subject to greater risk of loss, greater sensitivity to interest rate and economic changes, valuation difficulties, and a potential lack of a secondary or public market for securities. The market price of these securities can change suddenly and unexpectedly. Commodities markets have historically been extremely volatile. Inverse funds should lose money when their benchmark indexes rise – a result that is opposite from traditional mutual funds. Inverse funds also entail certain risks, including inverse correlation, leverage, market price variance and short sale risks. Foreign investments generally incur greater risks than domestic investments and may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Mutual funds are sold only by prospectus. Please carefully consider the investment’s features and objectives, potential risks, charges and expenses, and risks and policies of the underlying portfolios before investing. Each product’s prospectus contains this and other information, and can be obtained from your financial professional.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Howard Capital Management, Inc. Howard Capital Management is registered as an investment adviser with the SEC and only transacts business where it is properly registered or is otherwise exempt from registration. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.