Suitability:

Tactical Hi Yield may be suitable for investors who have a three-to-five year time horizon and who wish to utilize debt securities to achieve capital growth and income. This program is not expected to be tax efficient.

Purcell Management Fees:

2.5% maximum annual fee

Minimum Investment: $50,000 at Trust Company of America

Not Available in a Variable Annuity

DISCLOSURE: All investments have the potential for loss as well as profit. No current or prospective investor should assume that future performance results will be profitable or equal the Purcell Advisory performance. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or investment approach will be profitable. The information provided here is intended to be general in nature and should not be construed as investment advice or as a recommendation of any specific fund, security or investment approach. Investors should consult with a financial advisor before investing.

Purcell Tactical Hi Yield Investment Program

The Purcell Tactical Hi Yield Investment Program seeks to utilize high yield bond mutual funds to achieve above-average total return through a combination of relatively high dividend income and possible short-term capital gains. It is actively managed using a tactical approach. This approach seeks to keep clients’ assets in high income-producing corporate bond mutual funds when market conditions are deemed favorable. When market risk to invested principal is perceived to be unacceptably high, 100% of assets are moved to a money market fund.

Risk Assessment

All asset classes have specific, inherent risks. Among the risks associated with high yield bond instruments are credit risk and interest rate risk as well as market and systematic risk. The Purcell Tactical Hi Yield Investment Program is managed taking these risks into account. The Purcell Tactical Hi Yield Investment Program controls risk by maintaining a cash or money market position until the next buying opportunity. The Tactical Hi Yield Investment Program does not utilize short or leveraged positions which further lowers the risk profile.

Please consult your financial advisor for help deciding which program may be suitable for you.