Institutional Strategies

As of 9/30/26 View Summary of Returns

Style information table — returns as of 9/30/26
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	14.72%	13.79%	N/A	1/1/91
International Growth Strategy	MSCI ACWI ex USA Index	9.85%	8.78%	7.12%	4/1/05
International Growth Concentrated Strategy	MSCI ACWI ex USA Index	10.85%	9.91%	7.37%	12/1/13
Global Growth Strategy	MSCI ACWI Index	11.86%	10.70%	8.43%	4/1/07
Timpani Small Cap Growth Strategy	Russell 2000 Growth Index	13.81%	13.13%	9.76%	4/1/08
Timpani SMID Growth Strategy	Russell 2500 Growth Index	13.17%	12.09%	9.16%	3/1/15
Lower-Volatility Equity/Risk Managed
Emerging Economies Strategy	MSCI Emerging Markets Index	10.78%	9.59%	9.79%	12/1/08
US Opportunities Strategy	S&P 500 Index	13.20%	12.41%	11.34%	1/1/91
Global Opportunities Strategy	MSCI ACWI Index	10.37%	9.45%	8.45%	10/1/96
Sustainable Equity
International Sustainable Equities SMA Strategy	MSCI ACWI ex USA Index (Net)	9.53%	8.75%	9.94%	4/1/19
Global Sustainable Equities SMA Strategy	MSCI ACWI Index (Net)	13.54%	12.15%	14.34%	1/1/19
US Sustainable Equities SMA Strategy	S&P 500 Index	13.24%	11.85%	15.53%	2/1/20
Fixed Income
High Income Opportunities Strategy	Bloomberg US High Yield 2% Issuer Capped Index	6.80%	6.10%	6.53%	11/1/99
Dynamic Intermediate Tax-Efficient Strategy	Bloomberg US Aggregate Intermediate Index	2.46%	2.24%	1.62%	7/1/17
Core Plus Fixed Income Strategy	Bloomberg US Aggregate Bond Index	3.72%	3.19%	2.94%	7/1/07
Convertible
US Convertible Strategy	ICE BofA All US Convertibles Index	10.27%	9.58%	10.23%	1/1/91
Global Convertible Strategy	FTSE Global Convertible Index	8.59%	7.37%	7.47%	10/1/01
Alternatives
Phineus Long/Short Strategy	MSCI World Index	11.95%	10.42%	9.42%	6/1/02
Market Neutral Income Strategy	Bloomberg US Govt/Credit Bond Index	7.42%	6.67%	4.83%	1/1/91
Hedged Equity Strategy	S&P 500 Index	6.50%	5.93%	13.76%	1/1/15
Merger Arbitrage Strategy	ICE BofA US 3 Month Treasury Bill Index (G0O1)	4.70%	3.87%	2.82%	12/1/19

As of 9/30/26 View Style Information

Summary of returns table — returns as of 9/30/26
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	2.24%	11.07%	13.31%	25.70%	12.41%	16.12%	14.72%	1/1/91
US All Cap Growth Strategy	Net	2.02%	10.34%	12.31%	24.59%	11.42%	15.12%	13.79%	1/1/91
International Growth Strategy	Gross	-9.46%	20.42%	19.54%	24.42%	7.15%	11.62%	9.85%	4/1/05
International Growth Strategy	Net	-9.70%	19.57%	18.42%	23.24%	6.07%	10.52%	8.78%	4/1/05
International Growth Concentrated Strategy	Gross	-7.96%	25.79%	24.20%	27.37%	10.04%	13.46%	10.85%	12/1/13
International Growth Concentrated Strategy	Net	-8.13%	25.09%	23.28%	26.41%	9.20%	12.54%	9.91%	12/1/13
Global Growth Strategy	Gross	-2.60%	17.59%	16.32%	27.78%	12.50%	15.84%	11.86%	4/1/07
Global Growth Strategy	Net	-2.85%	16.73%	15.20%	26.58%	11.37%	14.68%	10.70%	4/1/07
Timpani Small Cap Growth Strategy	Gross	-13.18%	22.31%	27.30%	34.47%	9.16%	16.93%	13.81%	4/1/08
Timpani Small Cap Growth Strategy	Net	-13.37%	21.58%	26.30%	33.44%	8.34%	16.19%	13.13%	4/1/08
Timpani SMID Growth Strategy	Gross	-14.31%	13.65%	19.57%	30.52%	8.70%	15.86%	13.17%	3/1/15
Timpani SMID Growth Strategy	Net	-14.52%	12.86%	18.47%	29.32%	7.68%	14.76%	12.09%	3/1/15
Lower-Volatility Equity/Risk Managed
Emerging Economies Strategy	Gross	-9.75%	31.28%	30.59%	25.82%	7.82%	11.08%	10.78%	12/1/08
Emerging Economies Strategy	Net	-9.99%	30.28%	29.26%	24.53%	6.69%	9.96%	9.59%	12/1/08
US Opportunities Strategy	Gross	0.61%	12.44%	15.11%	21.29%	12.18%	13.94%	13.20%	1/1/91
US Opportunities Strategy	Net	0.42%	11.80%	14.25%	20.41%	11.38%	13.15%	12.41%	1/1/91
Global Opportunities Strategy	Gross	-2.11%	15.63%	15.03%	22.84%	10.68%	12.41%	10.37%	10/1/96
Global Opportunities Strategy	Net	-2.28%	15.05%	14.25%	22.00%	9.92%	11.63%	9.45%	10/1/96
Sustainable Equity
International Sustainable Equities SMA Strategy	Gross	0.77%	6.17%	8.70%	13.93%	5.55%	N/A	9.53%	4/1/19
International Sustainable Equities SMA Strategy	Net	0.46%	5.57%	7.98%	13.39%	5.07%	N/A	8.75%	4/1/19
Global Sustainable Equities SMA Strategy	Gross	0.74%	8.97%	10.94%	17.29%	8.26%	N/A	13.54%	1/1/19
Global Sustainable Equities SMA Strategy	Net	0.43%	7.99%	9.60%	15.86%	6.93%	N/A	12.15%	1/1/19
US Sustainable Equities SMA Strategy	Gross	1.77%	13.50%	15.49%	19.72%	9.93%	N/A	13.24%	2/1/20
US Sustainable Equities SMA Strategy	Net	1.45%	12.45%	14.05%	18.24%	8.58%	N/A	11.85%	2/1/20
Fixed Income
High Income Opportunities Strategy	Gross	-0.92%	1.38%	2.74%	7.93%	4.01%	5.30%	6.80%	11/1/99
High Income Opportunities Strategy	Net	-1.04%	1.04%	2.27%	7.45%	3.54%	4.75%	6.10%	11/1/99
Dynamic Intermediate Tax-Efficient Strategy	Gross	-1.64%	-0.48%	0.69%	5.06%	1.36%	N/A	2.46%	7/1/17
Dynamic Intermediate Tax-Efficient Strategy	Net	-1.69%	-0.63%	0.47%	4.84%	1.14%	N/A	2.24%	7/1/17
Core Plus Fixed Income Strategy	Gross	-3.49%	-2.54%	-1.30%	4.89%	0.32%	1.93%	3.72%	7/1/07
Core Plus Fixed Income Strategy	Net	-3.60%	-2.87%	-1.74%	4.43%	-0.13%	1.43%	3.19%	7/1/07
Convertible
US Convertible Strategy	Gross	-6.45%	17.40%	19.47%	18.49%	7.15%	12.14%	10.27%	1/1/91
US Convertible Strategy	Net	-6.62%	16.78%	18.62%	17.65%	6.40%	11.36%	9.58%	1/1/91
Global Convertible Strategy	Gross	-0.67%	14.42%	13.97%	17.43%	6.33%	9.83%	8.59%	10/1/01
Global Convertible Strategy	Net	-1.03%	13.20%	12.35%	15.73%	4.79%	8.29%	7.37%	10/1/01
Alternatives
Phineus Long/Short Strategy	Gross	4.92%	6.38%	5.52%	11.61%	7.48%	9.68%	11.95%	6/1/02
Phineus Long/Short Strategy	Net	4.60%	5.43%	4.25%	10.27%	6.17%	8.34%	10.42%	6/1/02
Market Neutral Income Strategy	Gross	1.33%	4.92%	6.70%	8.02%	5.93%	5.81%	7.42%	1/1/91
Market Neutral Income Strategy	Net	1.16%	4.41%	6.01%	7.32%	5.25%	5.11%	6.67%	1/1/91
Hedged Equity Strategy	Gross	2.27%	6.01%	7.19%	8.75%	6.12%	7.06%	6.50%	1/1/15
Hedged Equity Strategy	Net	2.15%	5.63%	6.69%	8.24%	5.62%	6.52%	5.93%	1/1/15
Merger Arbitrage Strategy	Gross	1.36%	2.80%	3.70%	4.89%	5.36%	N/A	4.70%	12/1/19
Merger Arbitrage Strategy	Net	1.15%	2.18%	2.88%	4.05%	4.52%	N/A	3.87%	12/1/19