Capitalization range: $11.5 billion to $500 billion
Styles: Core, Quantitative

Inception (Back Test): January 1997-December 2007
Inception (Simulation): January 2008

AUM at Simulation inception: $0
AUM as of September 30, 2008: $0 (Simulation)
Minimum account size: $5 million

Universe: Russell Top 200^® Index constituents

Restrictions/exclusions: Portfolios can be structured to restrict such issues as Tobacco stocks, etc.  All restrictions are at client's request.
Liquidity Constraints: Liquidity would cause soft close at $5 billion and hard close at $10 billion

Parameters:
Return expectation: 2% over the benchmark per annum
Tracking error expected: <4% versus the benchmark
Cash limits: <5%, target <1%
Sector limits: No constraint relative to benchmark
Industry limits: No constraint relative to benchmark
Individual security limits: overweight +1.50%, underweight the greater of 0% or -1.50%, relative to the  benchmark.
Typical number of holdings in portfolio: 45-75
Average annual turnover 70-120%

Current Clients (September 30, 2008):
Simulation requested and being monitored by several undisclosed institutions.

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

Sources
Russell Top 200^® 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.