Institutional Strategies

As of 6/30/26 View Summary of Returns

Style information table — returns as of 6/30/26
Strategy Name	Index	Since Inception Returns			Inception Date
Strategy Name	Index	Gross	Net	Index	Inception Date
Active Growth Equity
US All Cap Growth Strategy	S&P 1500 Growth Index	14.76%	13.83%	N/A	1/1/91
International Growth Strategy	MSCI ACWI ex USA Index	10.49%	9.41%	7.18%	4/1/05
International Growth Concentrated Strategy	MSCI ACWI ex USA Index	11.81%	10.86%	7.48%	12/1/13
Global Growth Strategy	MSCI ACWI Index	12.18%	11.02%	8.45%	4/1/07
Timpani Small Cap Growth Strategy	Russell 2000 Growth Index	14.90%	14.22%	10.50%	4/1/08
Timpani SMID Growth Strategy	Russell 2500 Growth Index	15.04%	13.94%	10.43%	3/1/15
Lower-Volatility Equity/Risk Managed
Emerging Economies Strategy	MSCI Emerging Markets Index	11.59%	10.39%	9.95%	12/1/08
US Opportunities Strategy	S&P 500 Index	13.28%	12.49%	11.36%	1/1/91
Global Opportunities Strategy	MSCI ACWI Index	10.55%	9.62%	8.47%	10/1/96
Sustainable Equity
International Sustainable Equities SMA Strategy	MSCI ACWI ex USA Index (Net)	9.77%	9.00%	10.23%	4/1/19
Global Sustainable Equities SMA Strategy	MSCI ACWI Index (Net)	13.91%	12.52%	14.61%	1/1/19
US Sustainable Equities SMA Strategy	S&P 500 Index	13.49%	12.09%	15.77%	2/1/20
Fixed Income
High Income Opportunities Strategy	Bloomberg US High Yield 2% Issuer Capped Index	6.90%	6.20%	6.67%	11/1/99
Dynamic Intermediate Tax-Efficient Strategy	Bloomberg US Aggregate Intermediate Index	2.72%	2.50%	1.96%	7/1/17
Core Plus Fixed Income Strategy	Bloomberg US Aggregate Bond Index	3.96%	3.43%	3.17%	7/1/07
Convertible
US Convertible Strategy	ICE BofA All US Convertibles Index	10.56%	9.86%	10.50%	1/1/91
Global Convertible Strategy	FTSE Global Convertible Index	8.71%	7.49%	7.75%	10/1/01
Alternatives
Phineus Long/Short Strategy	MSCI World Index	11.85%	10.33%	9.44%	6/1/02
Market Neutral Income Strategy	Bloomberg US Govt/Credit Bond Index	7.43%	6.68%	4.97%	1/1/91
Hedged Equity Strategy	S&P 500 Index	6.44%	5.87%	13.85%	1/1/15
Merger Arbitrage Strategy	ICE BofA US 3 Month Treasury Bill Index (G0O1)	4.67%	3.84%	2.79%	12/1/19

As of 6/30/26 View Style Information

Summary of returns table — returns as of 6/30/26
Strategy Name		Quarter	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Active Growth Equity
US All Cap Growth Strategy	Gross	20.37%	8.63%	19.08%	23.00%	12.07%	16.32%	14.76%	1/1/91
US All Cap Growth Strategy	Net	20.12%	8.16%	18.03%	21.91%	11.07%	15.33%	13.83%	1/1/91
International Growth Strategy	Gross	29.12%	33.01%	40.91%	25.59%	9.10%	13.48%	10.49%	4/1/05
International Growth Strategy	Net	28.83%	32.41%	39.64%	24.38%	8.00%	12.36%	9.41%	4/1/05
International Growth Concentrated Strategy	Gross	30.45%	36.67%	45.98%	28.45%	11.59%	15.18%	11.81%	12/1/13
International Growth Concentrated Strategy	Net	30.21%	36.17%	44.88%	27.48%	10.74%	14.24%	10.86%	12/1/13
Global Growth Strategy	Gross	22.52%	20.74%	29.45%	27.04%	13.32%	17.12%	12.18%	4/1/07
Global Growth Strategy	Net	22.23%	20.16%	28.24%	25.83%	12.18%	15.94%	11.02%	4/1/07
Timpani Small Cap Growth Strategy	Gross	39.79%	40.88%	66.57%	35.97%	11.37%	19.56%	14.90%	4/1/08
Timpani Small Cap Growth Strategy	Net	39.53%	40.35%	65.28%	34.94%	10.53%	18.81%	14.22%	4/1/08
Timpani SMID Growth Strategy	Gross	31.75%	32.63%	56.06%	33.60%	11.92%	18.34%	15.04%	3/1/15
Timpani SMID Growth Strategy	Net	31.46%	32.03%	54.63%	32.37%	10.88%	17.22%	13.94%	3/1/15
Lower-Volatility Equity/Risk Managed
Emerging Economies Strategy	Gross	35.21%	45.46%	57.64%	28.88%	8.73%	12.85%	11.59%	12/1/08
Emerging Economies Strategy	Net	34.88%	44.75%	56.05%	27.55%	7.59%	11.70%	10.39%	12/1/08
US Opportunities Strategy	Gross	15.91%	11.76%	23.78%	19.85%	12.02%	14.31%	13.28%	1/1/91
US Opportunities Strategy	Net	15.70%	11.34%	22.87%	18.99%	11.23%	13.52%	12.49%	1/1/91
Global Opportunities Strategy	Gross	17.73%	18.12%	25.22%	22.02%	11.36%	13.17%	10.55%	10/1/96
Global Opportunities Strategy	Net	17.53%	17.73%	24.37%	21.19%	10.59%	12.38%	9.62%	10/1/96
Sustainable Equity
International Sustainable Equities SMA Strategy	Gross	9.38%	5.35%	8.48%	10.62%	5.07%	N/A	9.77%	4/1/19
International Sustainable Equities SMA Strategy	Net	9.20%	5.08%	7.99%	10.17%	4.58%	N/A	9.00%	4/1/19
Global Sustainable Equities SMA Strategy	Gross	11.82%	8.18%	13.72%	14.54%	8.25%	N/A	13.91%	1/1/19
Global Sustainable Equities SMA Strategy	Net	11.48%	7.53%	12.35%	13.14%	6.92%	N/A	12.52%	1/1/19
US Sustainable Equities SMA Strategy	Gross	13.87%	11.54%	20.59%	16.99%	9.89%	N/A	13.49%	2/1/20
US Sustainable Equities SMA Strategy	Net	13.52%	10.85%	19.10%	15.54%	8.53%	N/A	12.09%	2/1/20
Fixed Income
High Income Opportunities Strategy	Gross	2.31%	2.33%	5.74%	8.71%	4.39%	5.93%	6.90%	11/1/99
High Income Opportunities Strategy	Net	2.19%	2.10%	5.26%	8.21%	3.92%	5.37%	6.20%	11/1/99
Dynamic Intermediate Tax-Efficient Strategy	Gross	0.75%	1.18%	3.97%	5.28%	1.72%	N/A	2.72%	7/1/17
Dynamic Intermediate Tax-Efficient Strategy	Net	0.70%	1.08%	3.75%	5.05%	1.50%	N/A	2.50%	7/1/17
Core Plus Fixed Income Strategy	Gross	0.94%	0.99%	4.54%	5.16%	1.09%	2.40%	3.96%	7/1/07
Core Plus Fixed Income Strategy	Net	0.83%	0.76%	4.07%	4.69%	0.64%	1.90%	3.43%	7/1/07
Convertible
US Convertible Strategy	Gross	21.58%	25.49%	39.50%	20.14%	8.67%	13.57%	10.56%	1/1/91
US Convertible Strategy	Net	21.37%	25.06%	38.52%	19.29%	7.91%	12.77%	9.86%	1/1/91
Global Convertible Strategy	Gross	15.30%	15.19%	25.12%	17.28%	6.23%	10.53%	8.71%	10/1/01
Global Convertible Strategy	Net	14.90%	14.38%	23.34%	15.58%	4.69%	8.99%	7.49%	10/1/01
Alternatives
Phineus Long/Short Strategy	Gross	4.58%	1.40%	2.45%	8.77%	6.72%	10.08%	11.85%	6/1/02
Phineus Long/Short Strategy	Net	4.27%	0.79%	1.22%	7.46%	5.42%	8.73%	10.33%	6/1/02
Market Neutral Income Strategy	Gross	2.98%	3.55%	7.70%	7.91%	5.83%	5.89%	7.43%	1/1/91
Market Neutral Income Strategy	Net	2.82%	3.21%	7.00%	7.21%	5.14%	5.19%	6.68%	1/1/91
Hedged Equity Strategy	Gross	3.54%	3.65%	7.67%	8.26%	5.84%	7.07%	6.44%	1/1/15
Hedged Equity Strategy	Net	3.42%	3.41%	7.17%	7.75%	5.34%	6.52%	5.87%	1/1/15
Merger Arbitrage Strategy	Gross	1.31%	1.42%	6.47%	6.73%	4.82%	N/A	4.67%	12/1/19
Merger Arbitrage Strategy	Net	1.11%	1.02%	5.62%	5.87%	3.99%	N/A	3.84%	12/1/19