Assets in Strategy:
		$4.7 billion
		Excess Return Objective*:
		at least 100 basis points (gross of fees)
		Tracking Error Objective*:
		approximately 2%
		Common Benchmarks:
		S&P 500 Russell 1000 Value Russell 1000 MSCI EAFE MSCI World
		Market Cap Range for strategy:
		$1 billion and up
		Approximate # Holdings:
		200-350
		Minimum initial investment:
		$100 million for a separate account $100,000 for a mutual fund account
		Options and futures are not used.
		Social investment screens available.

* Excess return and tracking error objectives are relative to a value-oriented benchmark over a 3-5 year period. This time horizon is relevant given that no investment process we know of can eliminate the possibility of negative random events driving performance for short periods of time.

• Institutional focus
• Employee owned
• Capacity constrained
• No soft dollars