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Manager Research Methodology

Beyond the Scorecard

The Scorecard System™ uses an institutional approach which is comprehensive, independent, and utilizes a process and methodology that strives to
create successful outcomes for plan sponsors and participants. The Scorecard helps direct the additional research the Investment team conducts with
fund managers throughout the year. Three of the primary factors that go into the fund manager research are people, process and philosophy.

PEOPLE PROCESS PHILOSOPHY

Key Factors: Key Factors: Key Factors:

 Fund manager and team  Clearly defined  Research and ideas must
experience  Consistent application be coherent and persuasive

 Deep institutional expertise  Sound and established  Strong rationale

 Organizational structure  Clearly communicated  Logical and compelling
 Ability to drive the process  Successfully executed  Focus on identifying skillful

and performance process managers

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