Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Carlson Capital Management), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Carlson Capital Management.To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with their advisor.A copy of Carlson Capital Management’s current written disclosure statement discussing our advisory services and fees is available upon request. © 2017 Carlson Capital Management C A R L S O N C A P. C O M N O RT H F I E L D 5 0 7 . 6 4 5 . 8 8 8 7 H A S T I N G S 6 5 1 . 4 3 7 . 2 3 6 0 B L O O M I N G T O N 9 5 2 . 2 3 0 . 6 7 0 0 RO C H E S T E R 5 0 7 . 2 8 8 . 9 7 9 7 COMPANY NEWS & COMMUNICATIONS TIM JACKSON, Director of Operations and Technology, has accepted an invitation to serve a three-year term on the Schwab Technology Advisory Board. Schwab engages with members of the Advisory Board to help build and enhance their technology platform and improve operations and service procedures. Jackson’s industry experience, spanning more than twelve years at CCM, enables him to bring strong insights and input to the Board, while working closely with other industry leaders throughout the country. ADAM HOFFMANN, Director of Investments & Research, and his wife, Rachel Egeberg, announced the arrival of KATE JOSEPHINE on February 8, 2017.The CCM Colleagues are thrilled to welcome Kate to the world! On Saturday, March 5, 2017, CCM colleagues who attended St. Olaf College joined with guests of the firm for the College’s 9th annual Black & Gold Gala. Pictured above are Barry and CINDY CARLSON (Manager of Underwriting,ViaForte) and Nancy and GREG CARLSON (CCM Co-Founder). CCM has been proud to be an event sponsor since the Gala’s inception. IntegratedWealth Management Since 1987 TheViking/Packer Rivalry is alive and well at CCM. Pictured above left is avid Packers fan, SCOTT FERARO, Director of Human Capital, donning aVikings hat when the Packers lost to theVikings in September. Being an equally good sport,ADAM HOFFMANN, Director of Investments & Research (and Vikings fan), is seen above complete in a Packer’s jersey, bringing breakfast to Scott when the Pack triumphed over theVikings. CALLIE GEIST, Integrated Wealth Advisor, joined in on the fun.