Disclosure: ORDER ROUTING PRACTICES

Commonwealth is required to make available quarterly reports that present a general overview of our routing practices. These reports identify the significant venues to which customer orders were routed for execution during the applicable quarter.

Commonwealth transmits the majority of our customer orders to our clearing firm, National Financial Services LLC (NFS), Member NYSE/SIPC. NFS may then route these orders to various venues for execution. Customers of Commonwealth may also request a written copy of this report.

1st Quarter 2017 Report