Exhibit 2

Fundamental Factor Model Micro-attribution Report for Winthrops Portfolio

B. With the information from Exhibit 2 i. talk about the overall asset allocation

ii. discuss the manager overweight and underweight which sectors and which style of a fund this could be

Asset Allocation Asset Class U.S. Stock Non-U.S. Stock Bonds Other Cash Not Classified Net Short Long Cat. Index 54.11 0.62 5473 56.07 46.63 17.29 148 18.77 19.03 33.57 23.12 0.83 23.95 22.51 19.66 0.06 0.00 0.06 1.64 0.06 5.06 13.92 18.98 7.03 0.36 0.00 0.36 0.08 0.00 1.29 100 -100% Exposure Sector Region vs. Category v Cyclical Sensitive Sectors Fund % I Category % Basic Materials 4.05 3.69 Consumer Cyclical 12.18 12.25 Financial Services 17.21 16.44 Real Estate 3.14 4.33 Communication Services 3.94 3.19 Energy 6.02 5.49 Industrials 10.17 11.13 | Technology 20.51 19.35 Consumer Defensive 6.13 7.97 Healthcare 12.67 13.07 Utilities 3.98 As of Jun 30, 2019 Category: Allocation-70% to 85% Equity Sector data is based on the rescaled long position of the equity holdings Defensive 3.08 0% 20 Asset Allocation Asset Class U.S. Stock Non-U.S. Stock Bonds Other Cash Not Classified Net Short Long Cat. Index 54.11 0.62 5473 56.07 46.63 17.29 148 18.77 19.03 33.57 23.12 0.83 23.95 22.51 19.66 0.06 0.00 0.06 1.64 0.06 5.06 13.92 18.98 7.03 0.36 0.00 0.36 0.08 0.00 1.29 100 -100% Exposure Sector Region vs. Category v Cyclical Sensitive Sectors Fund % I Category % Basic Materials 4.05 3.69 Consumer Cyclical 12.18 12.25 Financial Services 17.21 16.44 Real Estate 3.14 4.33 Communication Services 3.94 3.19 Energy 6.02 5.49 Industrials 10.17 11.13 | Technology 20.51 19.35 Consumer Defensive 6.13 7.97 Healthcare 12.67 13.07 Utilities 3.98 As of Jun 30, 2019 Category: Allocation-70% to 85% Equity Sector data is based on the rescaled long position of the equity holdings Defensive 3.08 0% 20