The Emerald Funds

The Emerald Funds are collective investment funds ("CIFs") that are maintained by TD Ameritrade Trust Company. TD Ameritrade Trust, as Trustee of the CIFs, utilizes models developed by Greenwood Capital Associates, LLC for investing CIF assets. Greenwood Capital Associates, LLC has been retained by TD Ameritrade Trust to provide subadvisory services. Information about Greenwood Capital Associates, LLC may be accessed at www.Greenwoodcapital.com.

Information on this Web Site

Information regarding the following CIFs is contained on this Web site.

Emerald Funds

Emerald Strategic Allocation Fixed-Income Fund
This CIF invests in investment-grade fixed-income securities.

Emerald Large Cap Conservative Growth Fund
This CIF invests in a concentrated portfolio of 35-45 equity holdings with 5% to 10% of the portfolio invested in cash or cash equivalents.

Additional information about TD Ameritrade Trust, the Trustee of the CIFs, as well as Greenwood Capital Associates, LLC, the subadvisor to the Trustee, is also available on this Web site. Employers can obtain information on how to add a CIF to their qualified retirement plan investment menu by reviewing the remaining pages.

For information regarding the risk of investing in CIFs, please see the Fund Summary Document listed under the CIF Information tab.

For more information on the THE EMERALD FUNDS, please contact Brian Harriman at 877-270-6892, ext. 74761

Investment Products: Not FDIC Insured | May Lose Value | No Bank Guarantee

What is a CIF?

CIFs are bank-maintained, pooled funds that are an investment option available to tax-qualified, employer-sponsored retirement plans. CIFs are not mutual funds registered under the Investment Company Act of 1940, as amended ("1940 Act"), and CIF unit holders are not entitled to the protections of the 1940 Act. In addition, CIF units are not securities required to be registered under the Securities Act of 1933, or applicable securities laws of any state or other jurisdiction. The regulatory requirements applicable to a CIF are different from those applicable to a mutual fund. A CIF's units are not traded on an exchange or "over the counter" and, as a result, the unit values are not available for publication in the newspapers. CIFs are valued daily, and the current unit value may be obtained from the Trustee, the subadvisor or the third-party administrator of your employer's qualified retirement plan.

TD Ameritrade Trust Company and Greenwood Capital Associates, LLC are separate, unaffiliated companies.

TD Ameritrade Trust is a non-depository trust company, acts as a custodian and/or directed trustee and is not a member of FINRA, SIPC or NFA. TD Ameritrade Trust is a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2012 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.