MPI Investment Management's Fixed Income Portfolio invests primarily in high quality U.S. Government Treasuries and Agencies. The portfolio's objective is to provide clients with above average interest income at low levels of risk. The portfolio minimizes risk by selecting only high quality bonds and diversifying among issuers. The number of bonds in an MPI Fixed Portfolio ranges is dependent on account size. MPI builds a portfolio with a maturity focus between 0-10 years and an average maturity of 1-5 years. MPI has existing trading relationships with numerous broker-dealers to achieve this objective. MPI believes this focus captures the majority of the yield curve without assuming above average market volatility.

MPI Investment Management's Tax-Free Municipal Bond Portfolio invests strictly in high quality municipal bonds. The portfolio's objective is to provide clients with above average interest income at low levels of risk, without federal income tax consequences. The portfolio avoids risk by selecting only high quality bonds and diversifying among issuers. The number of bonds in an MPI Tax-Free Municipal Bond Portfolio ranges from 20-30 depending on account size. Maturities generally range from 0-10 years, the intermediate sector of the yield curve, with an average maturity in the 1-5 year range. MPI believes this duration focus captures the majority of the yield curve without assuming above average market volatility.