Investment Overview

The Walnut Investment Core Portfolio is our largest portfolio by assets under management. The portfolio is constructed of ~30 large-cap U.S. stocks, designed for investors to capitalize on the strong and stable growth of the U.S. economy. The portfolio invests in companies that have positive cash flow, strong earnings growth, attractively priced with respect to their growth prospects and relative to historical standards. The portfolio seeks to annualize at a 10% rate of return over the long term (this is the annualized rate of return for the S&P 500 since 1920).