Introducing Horizon Investment Services, LLC

Formed in 1997, Horizon Investment Services (“Horizon”) is a registered investment adviser with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940 and is located just outside of Chicago — in Hammond, Indiana. As a fiduciary, Horizon is legally and ethically bound to act in the best interests of its clients. Horizon was established with the same high standards that are held by its sister company, Horizon Publishing Company, the publisher of Dow Theory Forecasts investment newsletter, which has been published every week since 1946.

• Horizon Investment Services was formed in 1997 to provide subadvisory services for a mutual fund. In 2000, partly as a response to newsletter subscribers’ requests for assistance managing their assets, Horizon started its Separately Managed Account business.

• We are a portfolio consultant to the Unit Investment Trust division of a major investment firm. UIT assets are invested in quantitative strategies developed by Horizon Investment Services. Strategies include dividend, emerging market, and total index.

• We are a consultant to a major index provider.

• Our research staff includes five analysts who earned the Chartered Financial Analyst® (CFA®) designation. We have seven MBAs on staff (including two University of Chicago MBAs and one each from DePaul and Indiana) and one MA on staff (University of Missouri).

CFA®: Chartered Financial Analyst®. The Chartered Financial Analyst designation is a professional designation awarded by CFA Institute. A CFA Program candidate must pass three exams in the following areas: portfolio management, accounting, ethics, money management, and security analysis. CFA charterholders are subject to rigorous ethics rules. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.