Products

	Flex Equity	Fixed Income	Balanced
Description	Large cap core, seeks to add value from top-down and bottom-up analysis	Investment grade fixed income with high-quality/liquidity bias	An actively managed blend of our Flex Core Equity and Core Fixed Income strategies
$386 million in strategy Inception 1994 Style flexibility Belief that strategy dominates tactics Seeks to outperform in all periods/market conditions	$3.2 billion in strategy Inception 1996 Quality bias: belief that investors under-price risk Seeks to outperform in high-stress fixed income markets	$91 million in strategy Inception 1997 Belief that strategy dominates tactics Asset allocation decisions lead the process

^{* Data as of December 31, 2011.}