Capitalization range: $190 million to $11 billion
Styles: Core, Quantitative

Inception: October 2007

AUM at inception: $5 million
AUM as of September 30, 2008: $3.9 million
Minimum account size: $3 million

Universe: All Russell 3000^® Index constituents between $1 billion and $11 billion plus any S&P 400 MidCap^® Index constituents not otherwise included.

Restrictions/exclusions: None (Socially Responsible Investing (SRI) restrictions can be applied at client's request).
Liquidity Constraints: Liquidity would cause soft close at $2 billion and hard close at $5 billion

Parameters:
Return expectation: 2% over the benchmark per annum
Tracking error expected: <3.75% versus the benchmark
Cash limits <5%, target <1%
Sector limits +/- 2.5% relative to benchmark
Industry limits +/- 2.0% relative to benchmark
Individual security limits: overweight +1.25%, underweight -1.0%, relative to benchmark
Typical number of holdings in Portfolio 100-135
Average annual turnover 70-120%

Current Clients (September 30, 2008):
Undisclosed public pension plan through Leading Edge Investment Advisors $3.9 million

Fee Schedule:
0.50% first $25 million
0.40% next $25 million
0.30% next $25 million
0.20% next $75 million
0.15% over $150 million

Sources
S&P MidCap 400^® Index is a registered trademark of Standard & Poor's, a Division of The McGraw-Hill Companies, Inc.
Russell 3000^® Index is a registered trademark of the Russell Investment Group
Plan Sponsor Network (PSN) is a product of Informa Investment Solutions
Global Industry Classification Standards (GICS^®) are a registered trademark of Standard & Poors and MSCI BARRA
Portfolio characteristics compiled from data supplied by The Applied Finance Group, LTD.