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Putnam offers traditional and alternative investments in a wide range of institutional structures, including segregated accounts, pooled vehicles, and mutual funds.

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Strategy/Benchmark QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* QTD YTD 1 yr. 3 yrs. 5 yrs. 10 yrs. SI* Composite
Presentation (pdf)
U.S. Convertible Securities
14.43% 26.41% 33.47% 16.66% 13.18% 11.53% -- 14.55% 26.94% 34.31% 17.39% 13.89% 12.25% --

-2.01%

1.53%

-0.24%

0.06%

-0.34%

-0.70%

--

-1.89%

2.06%

0.60%

0.79%

0.37%

0.02%

-- 25.37% 10.48% 17.34% 12.56% 9.16% 10.51% -- 25.57% 10.82% 18.08% 13.26% 9.84% 11.22% --

1.22%

3.23%

2.00%

0.85%

-0.08%

-0.40%

--

1.42%

3.57%

2.74%

1.55%

0.60%

0.31%

-- Inception date: July 31, 1993 ICE BofA U.S. Convertible Index 16.44% 24.88% 33.71% 16.60% 13.52% 12.23% -- 16.44% 24.88% 33.71% 16.60% 13.52% 12.23% -- 24.15% 7.25% 15.34% 11.71% 9.24% 10.91% -- 24.15% 7.25% 15.34% 11.71% 9.24% 10.91% --
Core Bond
1.12% 6.36% 6.25% 5.22% 4.51% 4.05% -- 1.17% 6.58% 6.57% 5.53% 4.82% 4.36% --

0.45%

-0.49%

-0.22%

0.13%

0.18%

0.40%

--

0.50%

-0.27%

0.10%

0.44%

0.49%

0.71%

-- 3.74% 5.18% 7.96% 5.23% 4.35% 4.15% -- 3.82% 5.34% 8.29% 5.54% 4.66% 4.46% --

0.84%

-0.96%

-0.78%

-0.09%

0.05%

0.33%

--

0.92%

-0.80%

-0.45%

0.22%

0.36%

0.64%

-- Inception date: June 30, 1992 BBG Barclays U.S. Aggregate Bond Index 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% -- 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% -- 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% -- 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% --
Core Global Fixed Income
3.17% 2.52% 3.27% 3.68% 4.49% 3.41% -- 3.24% 2.76% 3.63% 4.04% 4.85% 3.85% --

0.14%

-3.59%

-2.27%

-0.23%

0.39%

0.78%

--

0.21%

-3.35%

-1.91%

0.13%

0.75%

1.22%

-- 5.90% -0.64% 1.96% 3.55% 3.93% 3.47% -- 5.99% -0.46% 2.32% 3.91% 4.30% 3.91% --

2.58%

-3.62%

-2.26%

-0.24%

0.37%

0.66%

--

2.67%

-3.44%

-1.90%

0.12%

0.74%

1.10%

-- Inception date: August 31, 1993 BBG Barclays Global Aggregate Bond Index 3.03% 6.11% 5.54% 3.91% 4.10% 2.63% -- 3.03% 6.11% 5.54% 3.91% 4.10% 2.63% -- 3.32% 2.98% 4.22% 3.79% 3.56% 2.81% -- 3.32% 2.98% 4.22% 3.79% 3.56% 2.81% --
Core Plus Fixed Income
1.11% 4.72% 4.90% 6.25% 4.88% 4.88% -- 1.18% 4.99% 5.31% 6.67% 5.29% 5.29% --

0.44%

-2.13%

-1.57%

1.16%

0.55%

1.23%

--

0.51%

-1.86%

-1.16%

1.58%

0.96%

1.64%

-- 4.25% 3.57% 7.37% 6.10% 4.46% 5.06% -- 4.36% 3.77% 7.79% 6.51% 4.87% 5.47% --

1.35%

-2.57%

-1.37%

0.78%

0.16%

1.24%

--

1.46%

-2.37%

-0.95%

1.19%

0.57%

1.65%

-- Inception date: June 30, 1991 BBG Barclays U.S. Aggregate Bond Index 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% -- 0.67% 6.85% 6.47% 5.09% 4.33% 3.65% -- 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% -- 2.90% 6.14% 8.74% 5.32% 4.30% 3.82% --
Dedicated Mortgage Strategy
0.53% -8.48% -5.25% 2.28% 3.06% 5.83% -- 0.64% -8.08% -4.62% 2.89% 3.71% 6.69% --

0.50%

-9.09%

-6.52%

0.50%

1.75%

5.07%

--

0.61%

-8.69%

-5.89%

1.11%

2.40%

5.93%

-- 4.09% -8.97% -3.85% 2.00% 2.97% 6.09% -- 4.26% -8.67% -3.23% 2.60% 3.62% 6.95% --

3.93%

-9.55%

-5.50%

0.15%

1.66%

5.33%

--

4.10%

-9.25%

-4.88%

0.75%

2.31%

6.19%

-- Inception date: July 31, 2009 ICE BofA 1-Month LIBOR 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% --
Emerging Markets Equity
16.18% 18.48% 35.31% 9.57% 13.76% 6.00% -- 16.37% 19.23% 36.59% 10.61% 14.85% 7.04% --

4.84%

18.03%

20.82%

6.74%

5.10%

2.24%

--

5.03%

18.78%

22.10%

7.78%

6.19%

3.28%

-- 24.93% 1.98% 10.20% 7.92% 6.74% 5.13% -- 25.22% 2.46% 11.25% 8.95% 7.77% 6.17% --

6.85%

11.76%

13.59%

6.02%

3.88%

1.86%

--

7.14%

12.24%

14.64%

7.05%

4.91%

2.90%

-- Inception date: July 31, 1997 MSCI Emerging Markets Index (ND) 11.34% 0.45% 14.49% 2.83% 8.66% 3.76% -- 11.34% 0.45% 14.49% 2.83% 8.66% 3.76% -- 18.08% -9.78% -3.39% 1.90% 2.86% 3.27% -- 18.08% -9.78% -3.39% 1.90% 2.86% 3.27% --
European High Yield
3.13% -1.61% 0.03% 2.00% 3.76% 5.77% -- 3.25% -1.18% 0.69% 2.67% 4.44% 6.46% --

-0.06%

0.50%

0.36%

-0.05%

-0.19%

-0.59%

--

0.06%

0.93%

1.02%

0.62%

0.49%

0.10%

-- 11.35% -4.60% -1.81% 1.30% 3.16% 6.04% -- 11.53% -4.29% -1.17% 1.97% 3.84% 6.74% --

0.18%

0.54%

0.16%

-0.07%

-0.18%

-0.57%

--

0.36%

0.85%

0.80%

0.60%

0.50%

0.13%

-- Inception date: September 30, 1999 ICE BofA European Currency Developed Markets HY Constrained Index 3.19% -2.11% -0.33% 2.05% 3.95% 6.36% -- 3.19% -2.11% -0.33% 2.05% 3.95% 6.36% -- 11.17% -5.14% -1.97% 1.37% 3.34% 6.61% -- 11.17% -5.14% -1.97% 1.37% 3.34% 6.61% --
Fixed Income Global Alpha
1.03% -2.38% -0.19% 2.86% 2.72% 2.16% -- 1.10% -2.12% 0.21% 3.31% 3.21% 2.75% --

1.00%

-2.99%

-1.46%

1.08%

1.41%

1.40%

--

1.07%

-2.73%

-1.06%

1.53%

1.90%

1.99%

-- 3.69% -3.38% 0.06% 2.57% 2.33% 2.15% -- 3.79% -3.19% 0.47% 3.02% 2.82% 2.75% --

3.53%

-3.96%

-1.59%

0.72%

1.02%

1.39%

--

3.63%

-3.77%

-1.18%

1.17%

1.51%

1.99%

-- Inception date: August 31, 2008 ICE BofA 1-Month LIBOR 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% --
Fixed Income Global Alpha Plus
1.51% -5.98% -2.75% 2.50% 3.11% 3.60% -- 1.60% -5.64% -2.21% 3.08% 3.71% 4.27% --

1.48%

-6.68%

-4.10%

0.75%

1.88%

2.94%

--

1.57%

-6.34%

-3.56%

1.33%

2.48%

3.61%

-- 7.22% -7.38% -2.90% 2.15% 2.64% 3.75% -- 7.36% -7.12% -2.36% 2.73% 3.25% 4.43% --

7.20%

-8.05%

-4.61%

0.35%

1.42%

3.09%

--

7.34%

-7.79%

-4.07%

0.93%

2.03%

3.77%

-- Inception date: October 31, 1988 ICE BofA U.S. Treasury Bill Index 0.03% 0.70% 1.35% 1.75% 1.23% 0.66% -- 0.03% 0.70% 1.35% 1.75% 1.23% 0.66% -- 0.02% 0.67% 1.71% 1.80% 1.22% 0.66% -- 0.02% 0.67% 1.71% 1.80% 1.22% 0.66% --
Global Core Equity
10.65% 2.69% 12.67% 7.51% 8.16% 10.71% -- 10.78% 3.17% 13.46% 8.26% 8.93% 11.55% --

-1.14%

-2.65%

-4.12%

-2.31%

-2.26%

-0.03%

--

-1.01%

-2.17%

-3.33%

-1.56%

-1.49%

0.81%

-- 22.95% -7.20% 1.15% 5.41% 4.91% 9.95% -- 23.17% -6.87% 1.86% 6.15% 5.66% 10.79% --

3.59%

-1.43%

-1.69%

-1.29%

-1.99%

0.00%

--

3.81%

-1.10%

-0.98%

-0.55%

-1.24%

0.84%

-- Inception date: July 31, 1994 MSCI World Index (ND) 11.79% 5.34% 16.79% 9.82% 10.42% 10.74% -- 11.79% 5.34% 16.79% 9.82% 10.42% 10.74% -- 19.36% -5.77% 2.84% 6.70% 6.90% 9.95% -- 19.36% -5.77% 2.84% 6.70% 6.90% 9.95% -- MSCI All Country World Index (ND) 11.73% 4.75% 16.52% 8.99% 10.21% 9.90% -- 11.73% 4.75% 16.52% 8.99% 10.21% 9.90% -- 19.22% -6.25% 2.11% 6.14% 6.46% 9.16% -- 19.22% -6.25% 2.11% 6.14% 6.46% 9.16% --
Global High Yield
5.48% 0.38% 3.55% 4.48% 5.93% 6.70% -- 5.57% 0.72% 4.08% 5.01% 6.48% 7.33% --

0.33%

-0.54%

-0.49%

-0.23%

-0.39%

-0.24%

--

0.42%

-0.20%

0.04%

0.30%

0.16%

0.39%

-- 10.45% -4.83% -0.65% 3.08% 4.43% 6.51% -- 10.59% -4.60% -0.15% 3.60% 4.98% 7.14% --

-0.33%

-0.80%

-0.53%

-0.33%

-0.39%

-0.31%

--

-0.19%

-0.57%

-0.03%

0.19%

0.16%

0.32%

-- Inception date: March 31, 2003 ICE BofA Global HY IG Country Const 100% USD Hgd Index 5.15% 0.92% 4.04% 4.71% 6.32% 6.94% -- 5.15% 0.92% 4.04% 4.71% 6.32% 6.94% -- 10.78% -4.03% -0.12% 3.41% 4.82% 6.82% -- 10.78% -4.03% -0.12% 3.41% 4.82% 6.82% --
Global Low Beta Equity
10.09% 0.98% 8.09% 6.60% 8.57% -- 9.92% 10.14% 1.15% 8.37% 6.90% 8.93% -- 10.37%

-1.70%

-4.36%

-8.70%

-3.22%

-1.85%

--

-0.65%

-1.65%

-4.19%

-8.42%

-2.92%

-1.49%

--

-0.20%

14.56% -8.27% -1.64% 4.15% 6.02% -- 8.77% 14.63% -8.16% -1.39% 4.45% 6.38% -- 9.22%

-4.80%

-2.50%

-4.48%

-2.55%

-0.88%

--

-0.44%

-4.73%

-2.39%

-4.23%

-2.25%

-0.52%

--

0.01%

Inception date: October 31, 2012 MSCI World Index (ND) 11.79% 5.34% 16.79% 9.82% 10.42% -- 10.57% 11.79% 5.34% 16.79% 9.82% 10.42% -- 10.57% 19.36% -5.77% 2.84% 6.70% 6.90% -- 9.21% 19.36% -5.77% 2.84% 6.70% 6.90% -- 9.21%
Investment Grade Corporate Credit
1.84% 7.48% 8.13% 6.66% 6.61% 6.13% -- 1.90% 7.73% 8.51% 7.03% 6.99% 6.50% --

0.01%

0.54%

0.63%

0.21%

0.41%

0.88%

--

0.07%

0.79%

1.01%

0.58%

0.79%

1.25%

-- 8.45% 5.53% 10.31% 6.51% 6.16% 6.41% -- 8.54% 5.72% 10.70% 6.88% 6.54% 6.79% --

-0.53%

0.51%

0.81%

0.17%

0.33%

0.94%

--

-0.44%

0.70%

1.20%

0.54%

0.71%

1.32%

-- Inception date: September 30, 2009 BBG Barclays U.S. Corporate Bond Index 1.83% 6.94% 7.50% 6.45% 6.20% 5.25% -- 1.83% 6.94% 7.50% 6.45% 6.20% 5.25% -- 8.98% 5.02% 9.50% 6.34% 5.83% 5.47% -- 8.98% 5.02% 9.50% 6.34% 5.83% 5.47% --
U.S. Low Volatility Equity
9.46% 3.67% 8.62% 7.93% 6.89% -- 8.64% 9.57% 4.11% 9.31% 8.61% 7.56% -- 9.34%

-4.17%

-6.76%

-13.88%

-6.65%

-7.42%

--

-5.67%

-4.06%

-6.32%

-13.19%

-5.97%

-6.75%

--

-4.97%

8.10% -5.28% 1.00% 5.25% 4.77% -- 7.79% 8.27% -4.99% 1.63% 5.91% 5.43% -- 8.48%

-13.72%

-2.47%

-6.48%

-5.39%

-5.70%

--

-5.29%

-13.55%

-2.18%

-5.85%

-4.73%

-5.04%

--

-4.60%

Inception date: September 30, 2010 Russell 1000 Index 13.63% 10.43% 22.50% 14.58% 14.31% -- 14.31% 13.63% 10.43% 22.50% 14.58% 14.31% -- 14.31% 21.82% -2.81% 7.48% 10.64% 10.47% -- 13.08% 21.82% -2.81% 7.48% 10.64% 10.47% -- 13.08% S&P 500 Index 13.23% 9.74% 21.94% 14.52% 14.46% -- 14.31% 13.23% 9.74% 21.94% 14.52% 14.46% -- 14.31% 20.54% -3.08% 7.51% 10.73% 10.73% -- 13.12% 20.54% -3.08% 7.51% 10.73% 10.73% -- 13.12%
Multi-Asset Absolute Return Strategy
0.05% -6.52% -10.17% -2.75% -0.08% 2.56% -- 0.18% -6.05% -9.49% -2.01% 0.70% 3.40% --

0.02%

-7.22%

-11.52%

-4.50%

-1.31%

1.90%

--

0.15%

-6.75%

-10.84%

-3.76%

-0.53%

2.74%

-- -1.58% -6.57% -8.31% -1.84% -0.14% 2.67% -- -1.40% -6.22% -7.61% -1.09% 0.64% 3.51% --

-1.60%

-7.24%

-10.02%

-3.64%

-1.36%

2.01%

--

-1.42%

-6.89%

-9.32%

-2.89%

-0.58%

2.85%

-- Inception date: January 31, 2009 ICE BofA U.S. Treasury Bill Index 0.03% 0.70% 1.35% 1.75% 1.23% 0.66% -- 0.03% 0.70% 1.35% 1.75% 1.23% 0.66% -- 0.02% 0.67% 1.71% 1.80% 1.22% 0.66% -- 0.02% 0.67% 1.71% 1.80% 1.22% 0.66% --
Non-U.S. Core Equity
9.00% -0.73% 10.64% 2.75% 4.51% 6.66% -- 9.14% -0.23% 11.47% 3.52% 5.30% 7.49% --

1.41%

3.88%

4.51%

0.41%

-0.21%

0.78%

--

1.55%

4.38%

5.34%

1.18%

0.58%

1.61%

-- 14.64% -8.89% -1.63% 0.95% 1.50% 6.47% -- 14.85% -8.55% -0.89% 1.70% 2.26% 7.29% --

-0.24%

2.45%

3.50%

0.14%

-0.55%

0.74%

--

-0.03%

2.79%

4.24%

0.89%

0.21%

1.56%

-- Inception date: December 31, 1986 MSCI EAFE Index (ND) 7.59% -4.61% 6.13% 2.34% 4.72% 5.88% -- 7.59% -4.61% 6.13% 2.34% 4.72% 5.88% -- 14.88% -11.34% -5.13% 0.81% 2.05% 5.73% -- 14.88% -11.34% -5.13% 0.81% 2.05% 5.73% --
Non-U.S. Small Cap Equity
7.75% -6.26% 9.54% 2.60% -- -- 6.60% 7.91% -5.72% 10.48% 3.48% -- -- 7.52%

-4.72%

-4.63%

-2.70%

-0.37%

-- --

-0.74%

-4.56%

-4.09%

-1.76%

0.51%

-- --

0.18%

19.34% -13.00% -2.15% 2.08% -- -- 5.01% 19.60% -12.63% -1.31% 2.96% -- -- 5.91%

-3.27%

-0.46%

1.60%

1.71%

-- --

0.31%

-3.01%

-0.09%

2.44%

2.59%

-- --

1.21%

Inception date: March 31, 2016 S&P Developed ex-U.S. SmallCap Index 12.47% -1.63% 12.24% 2.97% -- -- 7.34% 12.47% -1.63% 12.24% 2.97% -- -- 7.34% 22.61% -12.54% -3.75% 0.37% -- -- 4.70% 22.61% -12.54% -3.75% 0.37% -- -- 4.70% MSCI EAFE Small Cap Index 11.07% -3.49% 10.66% 2.61% -- -- 7.10% 11.07% -3.49% 10.66% 2.61% -- -- 7.10% 19.88% -13.11% -3.52% 0.53% -- -- 4.77% 19.88% -13.11% -3.52% 0.53% -- -- 4.77%
Total Return
6.33% -0.12% 2.73% 2.88% 4.31% 5.24% -- 6.47% 0.39% 3.51% 3.66% 5.13% 6.18% --

6.30%

-0.73%

1.46%

1.10%

3.00%

4.48%

--

6.44%

-0.22%

2.24%

1.88%

3.82%

5.42%

-- 9.31% -6.08% -3.17% 1.96% 2.38% 4.97% -- 9.51% -5.72% -2.43% 2.73% 3.19% 5.92% --

9.15%

-6.66%

-4.82%

0.11%

1.07%

4.21%

--

9.35%

-6.30%

-4.08%

0.88%

1.88%

5.16%

-- Inception date: June 30, 2006 ICE BofA 1-Month LIBOR 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.03% 0.61% 1.27% 1.78% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% -- 0.16% 0.58% 1.65% 1.85% 1.31% 0.76% -- 60% MSCI World (ND)
40% FTSE WGBI (USD)
8.32% 6.72% 12.83% 7.84% 8.17% 7.46% -- 8.32% 6.72% 12.83% 7.84% 8.17% 7.46% -- 12.25% -1.48% 4.11% 5.96% 5.90% 7.11% -- 12.25% -1.48% 4.11% 5.96% 5.90% 7.11% --
Strategic Volatility Equity
13.00% 5.02% 12.82% 12.27% 10.42% -- 11.95% 13.12% 5.46% 13.53% 12.98% 11.11% -- 12.69%

-0.63%

-5.41%

-9.68%

-2.31%

-3.89%

--

-2.36%

-0.51%

-4.97%

-8.97%

-1.60%

-3.20%

--

-1.62%

14.66% -7.06% 2.58% 8.65% 7.46% -- 10.77% 14.84% -6.77% 3.22% 9.33% 8.13% -- 11.51%

-7.16%

-4.25%

-4.90%

-1.99%

-3.01%

--

-2.31%

-6.98%

-3.96%

-4.26%

-1.31%

-2.34%

--

-1.57%

Inception date: September 30, 2010 Russell 1000 Index 13.63% 10.43% 22.50% 14.58% 14.31% -- 14.31% 13.63% 10.43% 22.50% 14.58% 14.31% -- 14.31% 21.82% -2.81% 7.48% 10.64% 10.47% -- 13.08% 21.82% -2.81% 7.48% 10.64% 10.47% -- 13.08%
Sustainable Future
15.63% 30.06% 40.35% -- -- -- 20.76% 15.74% 30.54% 41.13% -- -- -- 21.43%

4.70%

14.52%

16.79%

-- -- --

4.91%

4.81%

15.00%

17.57%

-- -- --

5.58%

33.38% 12.48% 19.16% -- -- -- 15.56% 33.56% 12.79% 19.82% -- -- -- 16.20%

3.12%

8.32%

7.25%

-- -- --

3.20%

3.30%

8.63%

7.91%

-- -- --

3.84%

Inception date: November 30, 2017 Russell Midcap Growth Index 10.93% 15.54% 23.56% -- -- -- 15.85% 10.93% 15.54% 23.56% -- -- -- 15.85% 30.26% 4.16% 11.91% -- -- -- 12.36% 30.26% 4.16% 11.91% -- -- -- 12.36%
Sustainable Leaders
14.61% 19.62% 31.71% -- -- -- 20.61% 14.71% 20.06% 32.44% -- -- -- 21.28%

1.38%

9.88%

9.77%

-- -- --

6.00%

1.48%

10.32%

10.50%

-- -- --

6.67%

23.92% 4.37% 13.83% -- -- -- 15.10% 24.09% 4.66% 14.47% -- -- -- 15.74%

3.38%

7.45%

6.32%

-- -- --

5.55%

3.55%

7.74%

6.96%

-- -- --

6.19%

Inception date: March 31, 2018 S&P 500 Index 13.23% 9.74% 21.94% -- -- -- 14.61% 13.23% 9.74% 21.94% -- -- -- 14.61% 20.54% -3.08% 7.51% -- -- -- 9.55% 20.54% -3.08% 7.51% -- -- -- 9.55%
U.S. High Yield
5.71% 1.67% 4.80% 4.72% 5.92% 6.48% -- 5.81% 2.05% 5.39% 5.31% 6.52% 7.12% --

-0.17%

2.01%

1.91%

0.45%

-0.32%

-0.52%

--

-0.07%

2.39%

2.50%

1.04%

0.28%

0.12%

-- 10.08% -3.82% 0.18% 3.22% 4.21% 6.24% -- 10.23% -3.55% 0.75% 3.81% 4.80% 6.88% --

0.39%

2.05%

2.20%

0.53%

-0.28%

-0.50%

--

0.54%

2.32%

2.77%

1.12%

0.31%

0.14%

-- Inception date: July 31, 1993 JPMorgan Developed High Yield Index 5.88% -0.34% 2.89% 4.27% 6.24% 7.00% -- 5.88% -0.34% 2.89% 4.27% 6.24% 7.00% -- 9.69% -5.87% -2.02% 2.69% 4.49% 6.74% -- 9.69% -5.87% -2.02% 2.69% 4.49% 6.74% --
U.S. Large Cap Growth Equity
17.57% 34.62% 45.86% 26.81% 22.22% 19.61% -- 17.71% 35.25% 46.90% 27.70% 23.09% 20.46% --

-1.24%

4.15%

1.52%

2.63%

1.56%

0.59%

--

-1.10%

4.78%

2.56%

3.52%

2.43%

1.44%

-- 28.55% 14.49% 25.79% 22.07% 17.40% 17.88% -- 28.77% 14.90% 26.68% 22.93% 18.23% 18.72% --

0.71%

4.68%

2.51%

3.08%

1.51%

0.65%

--

0.93%

5.09%

3.40%

3.94%

2.34%

1.49%

-- Inception date: January 31, 2009 Russell 1000 Growth Index 18.81% 30.47% 44.34% 24.18% 20.66% 19.02% -- 18.81% 30.47% 44.34% 24.18% 20.66% 19.02% -- 27.84% 9.81% 23.28% 18.99% 15.89% 17.23% -- 27.84% 9.81% 23.28% 18.99% 15.89% 17.23% --
U.S. Large Cap Growth Equity Concentrated
16.28% 34.19% 45.66% 28.61% -- -- 28.54% 16.35% 34.51% 46.17% 29.06% -- -- 28.99%

-2.53%

3.72%

1.32%

4.43%

-- --

4.37%

-2.46%

4.04%

1.83%

4.88%

-- --

4.82%

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Inception date: March 31, 2017 Russell 1000 Growth Index 18.81% 30.47% 44.34% 24.18% -- -- 24.17% 18.81% 30.47% 44.34% 24.18% -- -- 24.17% -- -- -- -- -- -- -- -- -- -- -- -- -- --
U.S. Large Cap Value Equity
7.65% -5.30% 6.70% 7.50% 9.02% 12.45% -- 7.78% -4.85% 7.45% 8.26% 9.79% 13.25% --

-0.60%

4.05%

5.86%

3.00%

1.49%

1.40%

--

-0.47%

4.50%

6.61%

3.76%

2.26%

2.20%

-- 17.51% -12.03% -1.73% 5.55% 6.38% 12.04% -- 17.72% -11.72% -1.03% 6.30% 7.14% 12.83% --

3.22%

4.23%

7.11%

3.73%

1.74%

1.63%

--

3.43%

4.54%

7.81%

4.48%

2.50%

2.42%

-- Inception date: December 31, 1992 Russell 1000 Value Index 8.25% -9.35% 0.84% 4.50% 7.53% 11.05% -- 8.25% -9.35% 0.84% 4.50% 7.53% 11.05% -- 14.29% -16.26% -8.84% 1.82% 4.64% 10.41% -- 14.29% -16.26% -8.84% 1.82% 4.64% 10.41% --
U.S. Large Cap Value Equity Concentrated
5.77% -9.14% 2.28% 7.17% -- -- 9.12% 5.83% -8.96% 2.58% 7.49% -- -- 9.44%

-2.48%

0.21%

1.44%

2.67%

-- --

3.54%

-2.42%

0.39%

1.74%

2.99%

-- --

3.86%

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Inception date: November 30, 2016 Russell 1000 Value Index 8.25% -9.35% 0.84% 4.50% -- -- 5.58% 8.25% -9.35% 0.84% 4.50% -- -- 5.58% -- -- -- -- -- -- -- -- -- -- -- -- -- --
U.S. Small Cap Growth Equity
11.38% 21.15% 25.85% 22.23% 15.72% 16.67% -- 11.53% 21.80% 26.87% 23.22% 16.66% 17.71% --

1.88%

15.00%

8.57%

11.33%

5.27%

2.59%

--

2.03%

15.65%

9.59%

12.32%

6.21%

3.63%

-- 32.47% 8.77% 14.51% 17.93% 11.56% 15.30% -- 32.74% 9.21% 15.44% 18.89% 12.48% 16.33% --

1.89%

11.83%

11.03%

10.07%

4.70%

2.38%

--

2.16%

12.27%

11.96%

11.03%

5.62%

3.41%

-- Inception date: January 31, 2000 Russell 2000 Growth Index 9.50% 6.15% 17.28% 10.90% 10.45% 14.08% -- 9.50% 6.15% 17.28% 10.90% 10.45% 14.08% -- 30.58% -3.06% 3.48% 7.86% 6.86% 12.92% -- 30.58% -3.06% 3.48% 7.86% 6.86% 12.92% --
U.S. Small Cap Value Equity
6.99% -18.93% -6.75% -3.95% 1.97% 8.46% -- 7.14% -18.49% -5.99% -3.17% 2.80% 9.43% --

-0.57%

-1.22%

-0.61%

-2.56%

-2.40%

-0.25%

--

-0.42%

-0.78%

0.15%

-1.78%

-1.57%

0.72%

-- 27.20% -24.23% -18.80% -7.03% -0.58% 7.59% -- 27.46% -23.93% -18.14% -6.27% 0.22% 8.56% --

8.29%

-0.73%

-1.32%

-2.68%

-1.84%

-0.23%

--

8.55%

-0.43%

-0.66%

-1.92%

-1.04%

0.74%

-- Inception date: March 31, 1993 Russell 2000 Value Index 7.56% -17.71% -6.14% -1.39% 4.37% 8.71% -- 7.56% -17.71% -6.14% -1.39% 4.37% 8.71% -- 18.91% -23.50% -17.48% -4.35% 1.26% 7.82% -- 18.91% -23.50% -17.48% -4.35% 1.26% 7.82% --
Ultra Short Duration Income
0.20% 1.17% 1.87% 2.09% 1.67% -- 1.24% 0.26% 1.41% 2.22% 2.44% 2.02% -- 1.58%

0.17%

0.47%

0.52%

0.34%

0.44%

--

0.50%

0.23%

0.71%

0.87%

0.69%

0.79%

--

0.84%

2.36% 0.97% 2.11% 2.12% 1.63% -- 1.24% 2.44% 1.14% 2.46% 2.47% 1.97% -- 1.58%

2.34%

0.30%

0.40%

0.32%

0.41%

--

0.49%

2.42%

0.47%

0.75%

0.67%

0.75%

--

0.83%

Inception date: November 30, 2011 ICE BofA U.S. Treasury Bill Index 0.03% 0.70% 1.35% 1.75% 1.23% -- 0.74% 0.03% 0.70% 1.35% 1.75% 1.23% -- 0.74% 0.02% 0.67% 1.71% 1.80% 1.22% -- 0.75% 0.02% 0.67% 1.71% 1.80% 1.22% -- 0.75%

*Since inception returns are provided for composites with a track record of less than 10 years. Certain composites may have changed benchmarks historically in which case blended benchmark performance is shown. Please see the composite presentation for further detail.

Periods less than one year are not annualized. Performance is stated in U.S. dollars. Past performance is not a guarantee of future results. An investment in these strategies could lose value. Most recent month-end performance is preliminary. Returns are subject to change.

Composites may include portfolios with certain existing investment restrictions that the Firm believes do not materially impact the investment strategy. Benchmarks are generally taken from published sources and may have different calculation methodologies, pricing times, and/or foreign exchange sources from the composite. The effect of those differences is generally deemed to be immaterial. The securities holdings of the composite may differ materially from those of the index used for comparative purposes. Composites and benchmarks include the reinvestment of dividends and other earnings. Indexes are unmanaged and do not incur expenses. You cannot invest directly in an index. Gross of fee returns do not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net of fee returns are calculated using a model fee. For the applicable time periods, net of fees returns reflect either the deduction of the highest management fee that is paid by a portfolio in the Composite during the performance period, applied on a monthly basis or the deduction of the highest applicable management fee in effect during the performance period that would be charged based on the fee schedule appropriate to this mandate, without the benefit of breakpoints, applied on a monthly basis, whichever is higher. Net of fee calculation methodology may change over time. Actual investment advisory fees incurred by clients are typically negotiated on an individual basis and may vary depending upon, among other things, the applicable fee schedule and portfolio size. Our standard fee schedules are available upon request.