Maier & Associates Financial Group, Inc. Investment Philosophy

Risk is stated as the potential of gaining or losing something of value. Our philosophy of risk in investment strategies is to determine as appropriate level of risk based on the expected long-term return, knowing the possibility of expected loss during market declines for each investment strategy.

The investment committee has determined the following:

• Our core investments will be made up of broad-based investments categorized by market capitalization size and sector. Non-core investments will be chosen based on market conditions and will never represent a greater percentage of the target allocation than the core investments.

Investments under consideration for use will be approved by the committee and then our Investment Criteria will be applied to each specific investment decision.

• Our strategies will be diversified on a broad-based scale spread across various areas of the equity and bond markets with the exception of an authoritative decision made by the investment committee to alter this objective.The intent is to use Market Capitalization to segregate investments in a broad approach to create our core investment selection. Beyond our core group, the strategies will have the ability to invest in non-core investments that can be very narrowly focused in nature with the policy that non-core investments will never outweigh core investments in the overall target allocation.

• Trading will be done as needed based on ourPortfolio Monitoring Procedures. Rebalancing will be done as needed based on allocation drift within the strategies and the strategies of individual accounts need for cash.