It is very important that we align on this. We believe in passive indexed investing that focuses on minimizing fees and taxes. We encourage asset class diversification and focusing on building a portfolio that you can understand and that is predictable.

We do not believe that you can add value by picking individual stocks. We do not seek to beat the market. Instead, we join it. If Halyard executes its strategy correctly, your investment performance will be neither exciting nor scary. We focus on building a strategy that will meet your needs.<\p>