Target Risk Funds

Conservative Fund

The Sage Conservative Fund is a global asset allocation strategy managed to be consistent with the risk orientation of a conservative investor. The strategy will invest in the global fixed-income, global equity and alternative market segments. With a target allocation of 20% equity and 80% fixed income, tactical allocation decisions will be applied at the broad asset class level and within the various fixed-income, equity and alternative market segments.

Conservative Fund Overveiew

Moderate Fund

The Sage Moderate Fund is a global asset allocation strategy managed to be consistent with the risk orientation of a moderate investor. The strategy will invest in the global fixed-income, global equity and alternative market segments. With a target allocation of 40% equity and 60% fixed income, tactical allocation decisions will be applied at the broad asset class level and within the various fixed-income, equity and alternative market segments.

Moderate Fund Overview

Moderate Growth Fund

The Sage Moderate Growth Fund is a global asset allocation strategy managed to be consistent with the risk orientation of a moderate growth investor. The strategy will invest in the global fixed-income, global equity and alternative market segments. With a target allocation of 60% equity and 40% fixed income, tactical allocation decisions will be applied at the broad asset class level and within the various fixed-income, equity and alternative market segments.

Moderate Growth Fund Overview

Growth Fund

The Sage Growth Fund is a global asset allocation strategy managed to be consistent with the risk orientation of a growth investor. The strategy will invest in the global fixed-income, global equity and alternative market segments. With a target allocation of 80% equity and 20% fixed income, tactical allocation decisions will be applied on two levels: at the broad asset class level and within the various fixed-income, equity and alternative market segments.

Growth Fund Overview

Disclosure: The Sage Funds are collective investment funds (CIFs) created by the Hand Composite Employee Benefit Trust and sponsored by Hand Benefits & Trust Company, a BPAS company, that invests in the strategies of Sage Advisory Services, Ltd. Co. which serves as the subadvisor to the CIFs. This CIF is available for investment by eligible qualified retirement plan trusts only and has been created specifically for 401(k) and other employee-sponsored retirement plan investors.