CSP Q1 Commentary and Performance – March 2018

Performance Recap:

Luxon Global Equity outperformed their benchmarks by a healthy margin. The All Equity model finished the quarter up +0.71%, while the MSCI All Country World Index and our Blended Equity benchmark finished down (0.96%) and (0.91%), respectively.

Some significant factors in this outperformance include 1) Overweighting in mid-cap and small-cap stocks relativetotheindices,and2)Managers election.

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