The charts below were generated from the Plan Sponsor Network (PSN) database of Informa Investment Solutions. They utilize a universe of managers designating the Russell 1000^® Index as their benchmark.

Gross Returns

The chart below can be downloaded in a printer friendly format here: SAM Large Core Peer Returns

Information Ratios

The Information Ratio (IR) measures the active return generated by the manager relative to the risk taken by the manager versus the benchmark. It is calculated as the annualized excess return above the benchmark divided by the annualized volatility of those excess returns (tracking error).

The chart below can be downloaded in a printer friendly format here: SAM Large Core Peer IR

Sources
Russell Top 200^®, Midcap^®, and 1000^® Indexes are registered trademarks 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.

HYPOTHETICAL PERFORMANCE DISCLOSURE
Past Hypothetical Performance does not guarantee future actual results. Hypothetical results have many inherent limitations. No representation is being made that any account will or is likely to achieve returns similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular investment strategy.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical investment does not involve financial risk, and no hypothetical investment record can completely account for the impact of financial risk in actual investing. For example, the ability to withstand losses or to adhere to a particular investment strategy in spite of investment losses are material points which can also adversely affect actual investment results. There are numerous other factors related to the markets in general or to the implementation of any specific investment strategy which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual investment 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 administrative expenses. Net returns are NOT provided here as they are a determined by the fee level, which is a function of the assets under management in the client's specific application. We will be happy to provide simulated net returns by applying a fee level based upon a client-specified asset level.