Investor Questionnaire

Less than 1 year 1-3 years 4-6 years 7-9 years 10 years or more

I have very little knowledge of investments and financial markets. I have a moderate level of knowledge of investments and financial markets. I have extensive investment knowledge; understand different investment products and follow financial markets closely.

Less than $25,000 (0 points) $25,000 – $49,999 (2 points) $50,000 – $74,999 (4 points) $75,000 – $99,999 (5 points) $100,000 – $199,999 (7 points) $200,000 or more (10 points)

Stable (8 points) Somewhat stable (4 points) Unstable (1 point)

No savings and significant debt (0 points) Little savings and a fair amount of debt (2 points) Some savings and some debt (5 points) Some savings and little or no debt (7 points) Significant savings and little or no debt (10 points)

Less than $50,000 (0 points) $50,000 – $99,999 (2 points) $100,000 – $249,999 (4 points) $250,000 – $499,999 (6 points) $500,000 - $999,999 (8 points) $1,000,000 or more (10 points)

Less than 25% (10 points) 25% - 50% (5 points) 51% - 75% (4 points) More than 75% (2 points)

Under 35 (20 points) 35-54 (8 points) 55-64 (3 points) 65 or older (1 point)

Very conservative and try to minimize risk and avoid the possibility of any loss (0 points) Conservative but willing to accept a small amount of risk (4 points) Willing to accept a moderate level of risk and tolerate losses to achieve potentially higher returns (6 points) Aggressive and typically take on significant risk and are willing to tolerate large losses for the potential of achieving higher returns (10 points)

I could not tolerate any loss (0 points) -$300 (-3%) (3 points) -$1,000 (-10%) (6 points) -$2,000 (-20%) (8 points) More than -$2,000 (more than -20%) (10 points)

Always the possible losses (0 points) Usually the possible losses (3 points) Usually the possible gains (6 points) Always the possible gains (10 points)

EITHER a loss of $0 OR a gain of $200 (0 points) EITHER a loss of $200 OR a gain of $500 (3 points) EITHER a loss of $800 OR a gain of $1,200 (6 points) EITHER a loss of $2,000 OR a gain of $2,500 (10 points)

Sell all of the remaining investment to avoid further losses (0 points) Sell a portion of the remaining investment to protect some of your capital (3 points) Hold onto the investment and not sell any of the investment in the hopes of higher future returns (5 points) Buy more of the investment now that prices are lower (10 points)

Portfolio A (0 points) Portfolio B (4 points) Portfolio C (6 points) Portfolio D (10 points)