Hayes Asset Management: Independent certified public accountant report and verification with performance examination. Examination and report by Mengel Metzger Barr & Co. LLP.

This performance report complies with the Global Investment Performance Standards (GIPS) issued by the CFA Institute.



The securities identified no not represent all of the securities purchased, sold or recommended and the reader should not assume that any listed security was or will be profitable.
It should not be assumed that the recommendations made in the future will equal the performance of the securities on this list or be profitable.