Eagle | Balanced Separately Managed Account

EQUITY PROGRAMS

  Government Securities
  Intermediate Conservative
  High Quality Tax-Free
  Short Term Conservative
  Core Fixed

Eagle Boston Investment
Small Cap Core Value

BALANCED
MEETING the INDIVIDUAL NEEDS of INVESTORS

The Eagle Balanced program combines the capital appreciation potential of stocks and the income and relative stability of bonds in a single portfolio. The two components of the portfolio are regularly reviewed and rebalanced to maintain a client's selected allocation. If rising stock prices increase the equity portion of the portfolio, Eagle sells stocks and reinvests in bonds to supplement the fixed income portion. Conversely, when stock prices decline, raising the percentage of fixed income securities in a portfolio, we sell bonds and reinvest the proceeds in stocks.

ESTABLISHING a BALANCED PORTFOLIO

First

Select an asset allocation strategy with your financial advisor. Available allocation are:

Stocks 50%	Bonds 50%	Stocks 60%	Bonds 40%

Stocks 70%		Bonds 30%

Select an equity program for the equity portion of your Balanced portfolio.
You may choose from:¹

Large Cap Core
Large Cap Value
Equity Income²

Finally

Select a fixed income program for the fixed income portion of your Balanced portfolio.
You may choose from:^1,3,4

Government Securities
Intermediate Conservative
High Quality Tax-Free

Portfolio Characteristics | Balanced

Benchmark	Account minimum	Typical turnover	Typical number of holdings
65% S&P 500 Index, 35% Lehman Brothers Intermediate Government/Credit Index	$100,000	Less than 100%	25 to 40

Risk Information

Risks associated with Balanced investing; investors should be willing to tolerate an above-average degree of risk and should recognize that investing in equities carries with it the risk of loss of capital. Because of this risk, Balanced portfolios may not be suitable for all investors. These accounts may experience greater volatility due to the concentration of securities within a particular equity style. Please consult with your financial advisor to determine if this program is appropriate for your overall asset allocation plan.

Disclosures

(1) Investors should carefully review the complete product description page for each program in the Balanced portfolio. The product descriptions contain important information regarding the investment process, features and options, performance and investment risk of each investment program.
(2) The Equity Income component of a Balanced portfolio does not contain any real estate investment trusts or convertible securities that are typically a part of the Equity Income objective.
(3) Accounts using High Quality Taxable and High Quality Tax-Free may only be available at select broker-dealers.
(4) Intermediate Conservative and High Quality Tax-Free portfolios are only available to investors with a least $100,000 to allocate to the fixed income portion of their portfolio.