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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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Capabilities: 
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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*
U.S. Convertible Securities
-0.52% 4.09% 10.11% 21.74% 16.50% 12.70% -- -0.42% 4.68% 10.80% 22.50% 17.23% 13.42% --

-0.43%

-2.18%

-3.65%

-0.44%

-0.71%

-1.20%

--

-0.33%

-1.59%

-2.96%

0.32%

0.02%

-0.48%

-- -0.29% 4.63% 21.67% 19.56% 16.50% 13.21% -- -0.13% 5.12% 22.43% 20.31% 17.23% 13.93% --

0.20%

-1.74%

-5.63%

-0.65%

-0.87%

-1.16%

--

0.36%

-1.25%

-4.87%

0.10%

-0.14%

-0.44%

-- Inception date: July 31, 1993 ICE BofA U.S. Convertible Index -0.09% 6.27% 13.76% 22.18% 17.21% 13.90% -- -0.09% 6.27% 13.76% 22.18% 17.21% 13.90% -- -0.49% 6.37% 27.30% 20.21% 17.37% 14.37% -- -0.49% 6.37% 27.30% 20.21% 17.37% 14.37% --
Core Bond
0.27% -1.21% -0.94% 5.82% 3.94% 3.61% -- 0.32% -0.93% -0.65% 6.14% 4.25% 3.93% --

0.00%

0.08%

0.21%

0.30%

0.29%

0.57%

--

0.05%

0.36%

0.50%

0.62%

0.60%

0.89%

-- -0.21% -1.47% -0.36% 5.49% 3.30% 3.57% -- -0.13% -1.25% -0.06% 5.81% 3.61% 3.88% --

-0.26%

0.08%

0.54%

0.13%

0.36%

0.56%

--

-0.18%

0.30%

0.84%

0.45%

0.67%

0.87%

-- Inception date: June 30, 1992 Bloomberg U.S. Aggregate Bond Index 0.27% -1.29% -1.15% 5.52% 3.65% 3.04% -- 0.27% -1.29% -1.15% 5.52% 3.65% 3.04% -- 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% -- 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% --
Core Global Fixed Income
-1.18% -6.21% -4.36% 3.99% 3.81% 2.66% -- -1.12% -5.91% -4.02% 4.36% 4.17% 3.07% --

-0.65%

-1.64%

-1.07%

-0.35%

0.52%

0.81%

--

-0.59%

-1.34%

-0.73%

0.02%

0.88%

1.22%

-- -1.86% -5.09% -0.54% 3.84% 2.80% 2.68% -- -1.78% -4.84% -0.19% 4.20% 3.17% 3.09% --

-0.98%

-1.03%

0.37%

-0.40%

0.81%

0.82%

--

-0.90%

-0.78%

0.72%

-0.04%

1.18%

1.23%

-- Inception date: August 31, 1993 Bloomberg Global Aggregate Bond Index -0.53% -4.57% -3.29% 4.34% 3.29% 1.85% -- -0.53% -4.57% -3.29% 4.34% 3.29% 1.85% -- -0.88% -4.06% -0.91% 4.24% 1.99% 1.86% -- -0.88% -4.06% -0.91% 4.24% 1.99% 1.86% --
Core Plus Fixed Income
-0.48% -3.16% -2.65% 5.52% 4.73% 4.38% -- -0.41% -2.82% -2.27% 5.93% 5.14% 4.79% --

-0.75%

-1.87%

-1.50%

0.00%

1.08%

1.34%

--

-0.68%

-1.53%

-1.12%

0.41%

1.49%

1.75%

-- -0.55% -2.70% -0.36% 5.45% 4.26% 4.38% -- -0.45% -2.41% 0.03% 5.87% 4.67% 4.80% --

-0.60%

-1.15%

0.54%

0.09%

1.32%

1.37%

--

-0.50%

-0.86%

0.93%

0.51%

1.73%

1.79%

-- Inception date: June 30, 1991 Bloomberg U.S. Aggregate Bond Index 0.27% -1.29% -1.15% 5.52% 3.65% 3.04% -- 0.27% -1.29% -1.15% 5.52% 3.65% 3.04% -- 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% -- 0.05% -1.55% -0.90% 5.36% 2.94% 3.01% --
Dedicated Mortgage
-0.51% -1.11% 3.63% 0.93% 3.25% 6.41% -- -0.34% -0.63% 4.31% 1.56% 3.88% 7.23% --

-0.53%

-1.19%

3.51%

-0.29%

2.00%

5.67%

--

-0.36%

-0.71%

4.19%

0.34%

2.63%

6.49%

-- -0.51% -1.11% 3.63% 0.93% 3.25% 6.41% -- -0.34% -0.63% 4.31% 1.56% 3.88% 7.23% --

-0.53%

-1.19%

3.51%

-0.29%

2.00%

5.67%

--

-0.36%

-0.71%

4.19%

0.34%

2.63%

6.49%

-- Inception date: July 31, 2009 ICE BofA U.S. Dollar 1-Month Libor Index 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% --
Emerging Markets Equity
-2.08% -4.63% 2.58% 16.18% 13.77% 7.85% -- -1.92% -3.81% 3.55% 17.28% 14.85% 8.91% --

1.05%

-0.29%

-0.12%

6.91%

4.25%

2.69%

--

1.21%

0.53%

0.85%

8.01%

5.33%

3.75%

-- -8.63% -2.60% 14.07% 14.35% 12.85% 9.15% -- -8.41% -1.92% 15.14% 15.43% 13.93% 10.22% --

-0.54%

-1.35%

-4.13%

5.77%

3.62%

3.06%

--

-0.32%

-0.67%

-3.06%

6.85%

4.70%

4.13%

-- Inception date: July 31, 1997 MSCI Emerging Markets Index (ND) -3.13% -4.34% 2.70% 9.27% 9.52% 5.16% -- -3.13% -4.34% 2.70% 9.27% 9.52% 5.16% -- -8.09% -1.25% 18.20% 8.58% 9.23% 6.09% -- -8.09% -1.25% 18.20% 8.58% 9.23% 6.09% --
European High Yield
-1.25% 1.96% 2.66% 4.86% 3.88% 6.66% -- -1.14% 2.57% 3.33% 5.55% 4.56% 7.36% --

-0.10%

-0.55%

-0.63%

-0.39%

-0.28%

-0.76%

--

0.01%

0.06%

0.04%

0.30%

0.40%

-0.06%

-- 0.81% 3.26% 8.28% 4.29% 4.22% 6.96% -- 0.97% 3.76% 8.99% 4.97% 4.91% 7.67% --

0.19%

-0.45%

-0.94%

-0.20%

-0.17%

-0.72%

--

0.35%

0.05%

-0.23%

0.48%

0.52%

-0.01%

-- Inception date: September 30, 1999 ICE BofA European Currency Developed Markets HY Constrained Index -1.15% 2.51% 3.29% 5.25% 4.16% 7.42% -- -1.15% 2.51% 3.29% 5.25% 4.16% 7.42% -- 0.62% 3.71% 9.22% 4.49% 4.39% 7.68% -- 0.62% 3.71% 9.22% 4.49% 4.39% 7.68% --
Fixed Income Global Alpha
-1.75% -3.26% -2.40% 1.60% 2.51% 2.29% -- -1.68% -2.90% -2.01% 2.01% 2.95% 2.84% --

-1.76%

-3.36%

-2.51%

0.51%

1.27%

1.55%

--

-1.69%

-3.00%

-2.12%

0.92%

1.71%

2.10%

-- -1.25% -1.54% 1.50% 1.84% 3.10% 2.40% -- -1.15% -1.24% 1.91% 2.24% 3.55% 2.95% --

-1.27%

-1.62%

1.38%

0.62%

1.85%

1.66%

--

-1.17%

-1.32%

1.79%

1.02%

2.30%

2.21%

-- Inception date: August 31, 2008 ICE BofA 1-Month LIBOR 0.01% 0.10% 0.11% 1.09% 1.24% 0.74% -- 0.01% 0.10% 0.11% 1.09% 1.24% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% --
Fixed Income Global Alpha Plus
-2.89% -6.20% -4.19% 1.11% 2.67% 3.68% -- -2.80% -5.73% -3.66% 1.67% 3.25% 4.33% --

-2.89%

-6.25%

-4.25%

0.00%

1.50%

3.03%

--

-2.80%

-5.78%

-3.72%

0.56%

2.08%

3.68%

-- -2.60% -3.40% 3.10% 1.60% 3.66% 3.97% -- -2.46% -3.00% 3.67% 2.16% 4.26% 4.62% --

-2.61%

-3.44%

3.03%

0.36%

2.48%

3.32%

--

-2.47%

-3.04%

3.60%

0.92%

3.08%

3.97%

-- Inception date: October 31, 1988 ICE BofA U.S. Treasury Bill Index 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.01% 0.04% 0.07% 1.24% 1.18% 0.65% -- 0.01% 0.04% 0.07% 1.24% 1.18% 0.65% --
Global High Yield
-1.12% 3.49% 5.13% 7.26% 5.99% 7.00% -- -1.03% 3.96% 5.66% 7.80% 6.52% 7.61% --

0.60%

1.90%

1.70%

0.48%

0.12%

-0.02%

--

0.69%

2.37%

2.23%

1.02%

0.65%

0.59%

-- 0.81% 4.65% 11.24% 6.72% 6.23% 7.49% -- 0.94% 5.05% 11.80% 7.26% 6.77% 8.10% --

0.62%

1.29%

1.28%

0.23%

0.01%

-0.06%

--

0.75%

1.69%

1.84%

0.77%

0.55%

0.55%

-- Inception date: March 31, 2003 ICE BofA Global HY IG Country Const 100% USD Hgd Index -1.72% 1.59% 3.43% 6.78% 5.87% 7.02% -- -1.72% 1.59% 3.43% 6.78% 5.87% 7.02% -- 0.19% 3.36% 9.96% 6.49% 6.22% 7.55% -- 0.19% 3.36% 9.96% 6.49% 6.22% 7.55% --
Global Technology
3.72% 12.88% 24.56% 37.84% 31.61% 22.98% -- 3.86% 13.72% 25.57% 38.79% 32.47% 23.84% --

-6.65%

-13.68%

-9.25%

2.69%

1.94%

1.44%

--

-6.51%

-12.84%

-8.24%

3.64%

2.80%

2.30%

-- -3.00% 8.85% 31.89% 30.42% 30.38% 23.56% -- -2.81% 9.51% 32.96% 31.30% 31.22% 24.43% --

-4.42%

-5.82%

2.44%

4.38%

3.55%

2.23%

--

-4.23%

-5.16%

3.51%

5.26%

4.39%

3.10%

-- Inception date: January 31, 2009 MSCI World Information Technology Index (ND) 10.37% 26.56% 33.81% 35.15% 29.67% 21.54% -- 10.37% 26.56% 33.81% 35.15% 29.67% 21.54% -- 1.42% 14.67% 29.45% 26.04% 26.83% 21.33% -- 1.42% 14.67% 29.45% 26.04% 26.83% 21.33% --
Investment Grade Corporate Credit
0.07% -1.32% -1.13% 8.22% 5.67% 5.92% -- 0.13% -1.00% -0.78% 8.61% 6.04% 6.29% --

-0.24%

-0.36%

-0.60%

0.07%

0.25%

0.99%

--

-0.18%

-0.04%

-0.25%

0.46%

0.62%

1.36%

-- 0.00% -1.39% 1.23% 7.48% 5.00% 5.95% -- 0.09% -1.13% 1.59% 7.86% 5.37% 6.33% --

0.00%

-0.12%

-0.51%

0.03%

0.39%

1.08%

--

0.09%

0.14%

-0.15%

0.41%

0.76%

1.46%

-- Inception date: September 30, 2009 Bloomberg U.S. Corporate Bond Index 0.31% -0.96% -0.53% 8.15% 5.42% 4.93% -- 0.31% -0.96% -0.53% 8.15% 5.42% 4.93% -- 0.00% -1.27% 1.74% 7.45% 4.61% 4.87% -- 0.00% -1.27% 1.74% 7.45% 4.61% 4.87% --
Multi-Asset Absolute Return Strategy
1.09% -0.53% 0.70% -1.28% -0.52% 1.98% -- 1.22% 0.16% 1.46% -0.53% 0.24% 2.80% --

1.09%

-0.58%

0.64%

-2.39%

-1.69%

1.33%

--

1.22%

0.11%

1.40%

-1.64%

-0.93%

2.15%

-- -2.07% -1.62% -2.83% -3.51% -0.71% 2.05% -- -1.89% -1.06% -2.09% -2.78% 0.04% 2.88% --

-2.08%

-1.66%

-2.90%

-4.75%

-1.89%

1.40%

--

-1.90%

-1.10%

-2.16%

-4.02%

-1.14%

2.23%

-- Inception date: January 31, 2009 ICE BofA U.S. Treasury Bill Index 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.01% 0.04% 0.07% 1.24% 1.18% 0.65% -- 0.01% 0.04% 0.07% 1.24% 1.18% 0.65% --
Non-U.S. Core Equity
-4.54% 4.09% 10.49% 11.26% 9.32% 7.87% -- -4.42% 4.80% 11.32% 12.09% 10.14% 8.69% --

-2.23%

-1.75%

-0.28%

1.43%

0.13%

0.48%

--

-2.11%

-1.04%

0.55%

2.26%

0.95%

1.30%

-- 0.05% 9.04% 25.40% 9.15% 9.08% 9.20% -- 0.24% 9.65% 26.34% 9.97% 9.89% 10.04% --

0.50%

0.69%

-0.33%

1.53%

0.27%

1.10%

--

0.69%

1.30%

0.61%

2.35%

1.08%

1.94%

-- Inception date: December 31, 1986 MSCI EAFE Index (ND) -2.31% 5.84% 10.77% 9.83% 9.19% 7.39% -- -2.31% 5.84% 10.77% 9.83% 9.19% 7.39% -- -0.45% 8.35% 25.73% 7.62% 8.81% 8.10% -- -0.45% 8.35% 25.73% 7.62% 8.81% 8.10% --
Non-U.S. Small Cap Equity
-5.16% 7.77% 14.96% 13.01% 11.91% -- 9.86% -5.02% 8.62% 15.95% 13.98% 12.87% -- 10.80%

-0.44%

3.04%

3.34%

1.29%

1.30%

--

0.47%

-0.30%

3.89%

4.33%

2.26%

2.26%

--

1.41%

1.44% 13.68% 37.09% 11.36% 11.76% -- 11.25% 1.66% 14.41% 38.27% 12.32% 12.73% -- 12.20%

1.82%

3.76%

7.15%

2.04%

1.38%

--

0.59%

2.04%

4.49%

8.33%

3.00%

2.35%

--

1.54%

Inception date: March 31, 2016 S&P Developed ex-U.S. SmallCap Index -4.72% 4.73% 11.62% 11.72% 10.61% -- 9.39% -4.72% 4.73% 11.62% 11.72% 10.61% -- 9.39% -0.38% 9.92% 29.94% 9.32% 10.38% -- 10.66% -0.38% 9.92% 29.94% 9.32% 10.38% -- 10.66% MSCI EAFE Small Cap Index -4.11% 5.50% 12.70% 11.48% 10.72% -- 9.39% -4.11% 5.50% 12.70% 11.48% 10.72% -- 9.39% 0.90% 10.02% 29.03% 9.05% 10.38% -- 10.53% 0.90% 10.02% 29.03% 9.05% 10.38% -- 10.53%
Non-U.S. Value Equity
-4.16% 8.93% 14.55% 8.82% 7.63% 6.38% -- -4.02% 9.85% 15.60% 9.83% 8.62% 7.34% --

0.36%

4.27%

5.26%

4.81%

2.56%

1.24%

--

0.50%

5.19%

6.31%

5.82%

3.55%

2.20%

-- 0.78% 13.66% 37.32% 7.18% 7.94% 7.54% -- 1.01% 14.44% 38.58% 8.17% 8.94% 8.50% --

1.75%

4.05%

6.66%

4.14%

1.98%

1.57%

--

1.98%

4.83%

7.92%

5.13%

2.98%

2.53%

-- Inception date: August 31, 1996 MSCI EAFE Value Index (ND) -4.52% 4.66% 9.29% 4.01% 5.07% 5.14% -- -4.52% 4.66% 9.29% 4.01% 5.07% 5.14% -- -0.97% 9.61% 30.66% 3.04% 5.96% 5.97% -- -0.97% 9.61% 30.66% 3.04% 5.96% 5.97% --
Total Return
1.84% -3.16% -1.21% 2.90% 3.47% 3.81% -- 1.97% -2.49% -0.46% 3.68% 4.26% 4.70% --

1.83%

-3.26%

-1.32%

1.81%

2.23%

3.07%

--

1.96%

-2.59%

-0.57%

2.59%

3.02%

3.96%

-- -3.29% -4.91% -1.02% -0.40% 2.64% 4.10% -- -3.10% -4.37% -0.27% 0.36% 3.42% 5.01% --

-3.31%

-4.99%

-1.14%

-1.62%

1.39%

3.36%

--

-3.12%

-4.45%

-0.39%

-0.86%

2.17%

4.27%

-- Inception date: June 30, 2006 ICE BofA 1-Month LIBOR 0.01% 0.10% 0.11% 1.09% 1.24% 0.74% -- 0.01% 0.10% 0.11% 1.09% 1.24% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 0.02% 0.08% 0.12% 1.22% 1.25% 0.74% -- 60% MSCI World (ND)
40% FTSE WGBI (USD)
1.85% 7.08% 10.38% 11.91% 10.10% 7.88% -- 1.85% 7.08% 10.38% 11.91% 10.10% 7.88% -- -0.49% 5.14% 15.13% 9.72% 8.92% 8.13% -- -0.49% 5.14% 15.13% 9.72% 8.92% 8.13% --
Sustainable Future
-1.79% 9.12% 15.78% 25.68% -- -- 21.28% -1.70% 9.68% 16.42% 26.38% -- -- 21.95%

-4.28%

-3.21%

-1.94%

2.35%

-- --

2.72%

-4.19%

-2.65%

-1.30%

3.05%

-- --

3.39%

-1.57% 11.11% 30.29% 23.71% -- -- 22.88% -1.43% 11.57% 31.01% 24.40% -- -- 23.56%

-0.81%

1.51%

-0.16%

4.57%

-- --

4.20%

-0.67%

1.97%

0.56%

5.26%

-- --

4.88%

Inception date: November 30, 2017 Russell Midcap Growth Index 2.49% 12.33% 17.72% 23.33% -- -- 18.56% 2.49% 12.33% 17.72% 23.33% -- -- 18.56% -0.76% 9.60% 30.45% 19.14% -- -- 18.68% -0.76% 9.60% 30.45% 19.14% -- -- 18.68%
Sustainable Leaders
5.79% 21.48% 25.50% 25.48% -- -- 21.83% 5.88% 22.09% 26.20% 26.18% -- -- 22.51%

-0.47%

-1.70%

-2.42%

5.10%

-- --

3.60%

-0.38%

-1.09%

-1.72%

5.80%

-- --

4.28%

0.37% 14.84% 27.68% 20.44% -- -- 21.02% 0.50% 15.31% 28.38% 21.11% -- -- 21.69%

-0.21%

-1.08%

-2.32%

4.45%

-- --

3.90%

-0.08%

-0.61%

-1.62%

5.12%

-- --

4.57%

Inception date: March 31, 2018 S&P 500 Index 6.26% 23.18% 27.92% 20.38% -- -- 18.23% 6.26% 23.18% 27.92% 20.38% -- -- 18.23% 0.58% 15.92% 30.00% 15.99% -- -- 17.12% 0.58% 15.92% 30.00% 15.99% -- -- 17.12%
U.S. High Yield
-1.09% 3.18% 4.92% 7.22% 5.93% 6.62% -- -1.00% 3.72% 5.51% 7.83% 6.53% 7.25% --

0.10%

-0.72%

-1.04%

0.21%

-0.24%

-0.34%

--

0.19%

-0.18%

-0.45%

0.82%

0.36%

0.29%

-- 0.65% 4.32% 10.61% 6.63% 6.17% 7.11% -- 0.79% 4.76% 11.23% 7.23% 6.77% 7.75% --

-0.31%

-0.82%

-1.33%

0.06%

-0.31%

-0.35%

--

-0.17%

-0.38%

-0.71%

0.66%

0.29%

0.29%

-- Inception date: July 31, 1993 JPMorgan Developed High Yield Index -1.19% 3.90% 5.96% 7.01% 6.17% 6.96% -- -1.19% 3.90% 5.96% 7.01% 6.17% 6.96% -- 0.96% 5.14% 11.94% 6.57% 6.48% 7.46% -- 0.96% 5.14% 11.94% 6.57% 6.48% 7.46% --
U.S. Large Cap Growth Equity
7.86% 21.18% 26.10% 28.53% 25.47% 19.72% -- 7.99% 21.96% 26.99% 29.43% 26.35% 20.57% --

-1.47%

-3.77%

-4.60%

-0.68%

0.37%

0.22%

--

-1.34%

-2.99%

-3.71%

0.22%

1.25%

1.07%

-- 0.56% 12.35% 21.23% 22.10% 23.50% 20.24% -- 0.74% 12.94% 22.09% 22.96% 24.37% 21.09% --

-0.60%

-1.95%

-6.09%

0.10%

0.66%

0.56%

--

-0.42%

-1.36%

-5.23%

0.96%

1.53%

1.41%

-- Inception date: January 31, 2009 Russell 1000 Growth Index 9.33% 24.95% 30.70% 29.21% 25.10% 19.50% -- 9.33% 24.95% 30.70% 29.21% 25.10% 19.50% -- 1.16% 14.30% 27.32% 22.00% 22.84% 19.68% -- 1.16% 14.30% 27.32% 22.00% 22.84% 19.68% --
U.S. Large Cap Growth Equity Concentrated
7.06% 22.10% 26.40% 29.26% -- -- 26.02% 7.12% 22.49% 26.85% 29.71% -- -- 26.46%

-2.27%

-2.85%

-4.30%

0.05%

-- --

1.53%

-2.21%

-2.46%

-3.85%

0.50%

-- --

1.97%

0.91% 14.05% 21.58% 23.57% -- -- 25.19% 1.00% 14.35% 22.01% 24.00% -- -- 25.63%

-0.25%

-0.25%

-5.74%

1.57%

-- --

2.15%

-0.16%

0.05%

-5.31%

2.00%

-- --

2.59%

Inception date: March 31, 2017 Russell 1000 Growth Index 9.33% 24.95% 30.70% 29.21% -- -- 24.49% 9.33% 24.95% 30.70% 29.21% -- -- 24.49% 1.16% 14.30% 27.32% 22.00% -- -- 23.04% 1.16% 14.30% 27.32% 22.00% -- -- 23.04%
U.S. Large Cap Value Equity
2.05% 20.83% 24.78% 14.95% 13.31% 13.75% -- 2.17% 21.62% 25.66% 15.76% 14.11% 14.56% --

0.68%

3.10%

2.53%

3.50%

2.95%

1.25%

--

0.80%

3.89%

3.41%

4.31%

3.75%

2.06%

-- -0.02% 18.41% 36.85% 12.01% 13.52% 14.88% -- 0.16% 19.04% 37.81% 12.81% 14.33% 15.69% --

0.76%

2.27%

1.84%

1.94%

2.58%

1.37%

--

0.94%

2.90%

2.80%

2.74%

3.39%

2.18%

-- Inception date: December 31, 1992 Russell 1000 Value Index 1.37% 17.73% 22.25% 11.45% 10.36% 12.50% -- 1.37% 17.73% 22.25% 11.45% 10.36% 12.50% -- -0.78% 16.14% 35.01% 10.07% 10.94% 13.51% -- -0.78% 16.14% 35.01% 10.07% 10.94% 13.51% --
U.S. Large Cap Value Equity Concentrated
4.02% 27.72% 32.22% 16.94% 15.09% -- 15.09% 4.07% 28.07% 32.62% 17.30% 15.44% -- 15.44%

2.65%

9.99%

9.97%

5.49%

4.73%

--

4.73%

2.70%

10.34%

10.37%

5.85%

5.08%

--

5.08%

0.87% 22.78% 44.37% 13.45% -- -- 14.71% 0.95% 23.06% 44.80% 13.80% -- -- 15.06%

1.65%

6.64%

9.36%

3.38%

-- --

4.29%

1.73%

6.92%

9.79%

3.73%

-- --

4.64%

Inception date: November 30, 2016 Russell 1000 Value Index 1.37% 17.73% 22.25% 11.45% 10.36% -- 10.36% 1.37% 17.73% 22.25% 11.45% 10.36% -- 10.36% -0.78% 16.14% 35.01% 10.07% -- -- 10.42% -0.78% 16.14% 35.01% 10.07% -- -- 10.42%
U.S. Small Cap Growth Equity
1.17% 12.31% 21.53% 27.25% 22.40% 17.38% -- 1.30% 13.14% 22.51% 28.28% 23.39% 18.42% --

1.60%

9.93%

9.58%

11.17%

7.66%

3.32%

--

1.73%

10.76%

10.56%

12.20%

8.65%

4.36%

-- 4.00% 11.02% 36.33% 21.79% 23.00% 19.01% -- 4.21% 11.69% 37.44% 22.78% 23.99% 20.06% --

9.65%

8.20%

3.06%

10.09%

7.66%

3.27%

--

9.86%

8.87%

4.17%

11.08%

8.65%

4.32%

-- Inception date: January 31, 2000 Russell 2000 Growth Index -0.43% 2.38% 11.95% 16.08% 14.74% 14.06% -- -0.43% 2.38% 11.95% 16.08% 14.74% 14.06% -- -5.65% 2.82% 33.27% 11.70% 15.34% 15.74% -- -5.65% 2.82% 33.27% 11.70% 15.34% 15.74% --
U.S. Small Cap Value Equity
-0.52% 32.67% 46.09% 14.28% 9.39% 12.13% -- -0.39% 33.66% 47.27% 15.21% 10.28% 13.10% --

-0.79%

9.43%

13.08%

2.74%

0.31%

0.37%

--

-0.66%

10.42%

14.26%

3.67%

1.20%

1.34%

-- -1.32% 33.37% 79.09% 9.92% 11.70% 13.62% -- -1.12% 34.17% 80.54% 10.81% 12.60% 14.61% --

1.66%

10.45%

15.17%

1.34%

0.67%

0.40%

--

1.86%

11.25%

16.62%

2.23%

1.57%

1.39%

-- Inception date: March 31, 1993 Russell 2000 Value Index 0.27% 23.24% 33.01% 11.54% 9.08% 11.76% -- 0.27% 23.24% 33.01% 11.54% 9.08% 11.76% -- -2.98% 22.92% 63.92% 8.58% 11.03% 13.22% -- -2.98% 22.92% 63.92% 8.58% 11.03% 13.22% --
Ultra Short Duration Income
-0.06% 0.11% 0.15% 1.45% 1.53% 1.12% -- -0.01% 0.43% 0.50% 1.80% 1.88% 1.47% --

-0.06%

0.06%

0.09%

0.34%

0.36%

0.47%

--

-0.01%

0.38%

0.44%

0.69%

0.71%

0.82%

-- 0.07% 0.18% 0.29% 1.58% 1.57% -- 1.14% 0.16% 0.43% 0.63% 1.92% 1.92% -- 1.49%

0.06%

0.14%

0.22%

0.34%

0.39%

--

0.48%

0.15%

0.39%

0.56%

0.68%

0.74%

--

0.83%

Inception date: November 30, 2011 ICE BofA U.S. Treasury Bill Index 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.00% 0.05% 0.06% 1.11% 1.17% 0.65% -- 0.01% 0.04% 0.07% 1.24% 1.18% -- 0.66% 0.01% 0.04% 0.07% 1.24% 1.18% -- 0.66%

*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 description 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.

Gross performance includes the deduction of transaction costs but does 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 performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the Composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The Composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the Composite's 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 strategy may differ materially from those of the index used for comparative purposes.