**From 1987 to 1995, Merit results are from using the DWS High Income Fund. From 1996 to Present, Merit signals were applied to the Lipper High Yield Index of 30 high yield funds. When not invested in high yield bonds, 90 day T-Bill returns were used. The use of the Lipper Index should not be construed as Lipper's endorsement of Merit's management service. Returns from Merit's high yield bond service are NOT BANK GUARANTEED, NOT FDIC INSURED and MAY LOSE MONEY. Before you invest, you should obtain and study the fund's prospectus. All investment strategies have the potential for profit or loss. Performance results are presented net of fees and reflect the reinvestment of dividends and capital gains. There are no assurances that any portfolio will match or outperform any particular benchmark. Investors cannot invest directly in Lipper's Indices. Therefore, actual client results varied from the performance shown in this report. Please see additional disclosures.