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

Inception: October 2007

Product AUM at inception: $5 million
Product AUM as of June 30, 2010: $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: 2-4% over the benchmark per annum
Tracking error expected: <6% versus the benchmark
Cash limits <5%, target <1%
Sector limits: none, relative to benchmark
Industry limits: none, relative to benchmark
Individual security limits: overweight +2.0%, underweight -1.0%, relative to benchmark
Typical number of holdings in Portfolio 90-100
Average annual turnover 70-120%

Current Clients:
Undisclosed public pension plan through Leading Edge Investment Advisors: $4.4 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 & Poor's and MSCI BARRA
Portfolio characteristics compiled from data supplied by The Applied Finance Group, LTD.

Disclosure
Past performance does not guarantee future results. Performance for periods greater than one year is annualized. Gross returns (including realized and unrealized capital gains, reinvestment of dividends and interest) are before fees and administrative expenses. Net returns reflect the return to investors after all fees and expenses.