PBGC_RFP_16PBGC25R0052_Attachment_6_-_Phase_2_Excel_Tables_-_FIRM_NAME.xlsx

XLSX spreadsheet 170 KB Posted May 13, 2025

Attached to: PBGC Active EME Investment Management Services
Solicitation number: 16PBGC25R0052
Issued by: Pension Benefit Guaranty Corporation

About this file

Written by GovTribe AI · May 13, 2025

This Excel file is a comprehensive portfolio performance and analytics template for an Emerging Markets Equity (EME) investment strategy, prepared as part of a response to the Pension Benefit Guaranty Corporation's (PBGC) solicitation number 16PBGC25R0052 for Active Emerging Market Equity Investment Management Services. The file contains 19 detailed tables covering portfolio characteristics such as annual statistics, regional and sector exposures, cash holdings, market capitalization distribution, performance metrics, risk statistics, trading team credentials, personnel changes, and assets under management (AUM) information.

The template is designed to provide a comprehensive view of an investment strategy, including quarterly breakdowns of portfolio composition, comparative benchmarking, regional and sector allocations, performance returns (monthly, quarterly, and annually), risk analysis, and detailed information about the investment team. Key sections include tracking error, information ratio, market capitalization exposure, performance comparisons with benchmarks, and a breakdown of investment personnel experience and credentials. The document appears to be a standardized reporting tool that would accompany a proposal for the PBGC's active emerging markets equity investment management services procurement.

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File	Type	Posted
PBGC_RFP_16PBGC25R0052_0002_Attachment_2a_-_Phase_1_Mandatory_Requirements_Questionnaire_0002.pdf	PDF	Jul 11, 2025
PBGC_RFP_16PBGC25R0052_0002_Attachment_8_-_QandA_-_Final_0002.xlsx	XLSX spreadsheet	Jul 11, 2025
Sol_16PBGC25R0052_Amd_0003.pdf	PDF	Jul 11, 2025
PBGC RFP 16PBGC25R0052 0002 Attachment 2a - Phase 1 Mandatory Requirements Questionnaire.pdf	PDF	Jun 3, 2025
Sol_16PBGC25R0052_Amd_0002.pdf	PDF	Jun 3, 2025
PBGC RFP 16PBGC25R0052 0002 Attachment 8 - QandA - Final.xlsx	XLSX spreadsheet	Jun 3, 2025
Sol_16PBGC25R0052_Amd_0001_signed.pdf	PDF	Jun 3, 2025
PBGC_RFP_16PBGC25R0052_0001_Attachment_2b_-_Phase_1_Rolling_IR_Mandatory_Supporting_Documentation_0001.xlsx	XLSX spreadsheet	May 22, 2025
PBGC_RFP_16PBGC25R0052_0001_Active_EME_Management_Services_Solicitation_Cover_Letter_0001.pdf	PDF	May 22, 2025
Sol_16PBGC25R0052_Amd_0001.pdf	PDF	May 22, 2025
PBGC_RFP_16PBGC25R0052_0001_Attachment_2a_-_Phase_1_Mandatory_Requirements_Questionnaire_0001.pdf	PDF	May 22, 2025
PBGC_RFP_16PBGC25R0052_0001_Attachment_5_-_Phase_2_Corporate_Experience_Questionnaire_0001.pdf	PDF	May 22, 2025
PBGC_RFP_16PBGC25R0052_Attachment_7_-_Organizational_Conflict_of_Interest_Statement.docx	DOCX document	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_1_-_Pricing_Schedule.xlsx	XLSX spreadsheet	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_5_-_Phase_2_Corporate_Experience_Questionnaire.pdf	PDF	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_4_-_Phase_2_Firm_Resources_Questionnaire.pdf	PDF	May 13, 2025
PBGC_RFP_16PBGC25R0052_Active_EME_Management_Services_Solicitation_Cover_Letter.pdf	PDF	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_8_-_QandA_Template.xlsx	XLSX spreadsheet	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_2a_-_Phase_1_Mandatory_Requirements_Questionnaire.pdf	PDF	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_3_-_Phase_2_Technical_Approach_Questionnaire.pdf	PDF	May 13, 2025
Sol_16PBGC25R0052.pdf	PDF	May 13, 2025
PBGC_RFP_16PBGC25R0052_Attachment_2b_-_Phase_1_Rolling_IR_Mandatory_Supporting_Documentation.xlsx	XLSX spreadsheet	May 13, 2025

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Table 1

Table 1 - Portfolio Annual Statistics
Year	Number of Holdings in Fund	Number of Holdings in Benchmark	Tracking Error	Active Share	Portfolio Turnover
12/31/24
12/31/23
12/31/22
12/31/21
12/31/20
12/31/19
12/31/18
12/31/17
12/31/16
12/31/15

Table 2

Table 2 - Extent of Cash Holdings in the Portfolio by Year
Cash Holdings	Discretionary Guidelines	2024	2023	2022	2021	2020
Average %
Maximum %
Minimum %

Table 3 Table 3 - Regional Exposure (%) of Portfolio and Benchmark by Quarter only fill in data for Portfolio and Benchmark panels, Relative will self populate

Portfolio or Benchmark	Quarter	Brazil	Chile	China	Colombia	Czech Republic	Egypt	Greece	Hungary	India	Indonesia	Korea	Kuwait	Malaysia	Mexico	Peru	Philippines	Poland	Qatar	Saudi Arabia	South Africa	Taiwan	Thailand	Turkey	United Arab Emirates	Russia	Other Former EME Countries	Out of Benchmark
Portfolio	12/31/24
Portfolio	9/30/24
Portfolio	6/30/24
Portfolio	3/31/24
Portfolio	12/31/23
Portfolio	9/30/23
Portfolio	6/30/23
Portfolio	3/31/23
Portfolio	12/31/22
Portfolio	9/30/22
Portfolio	6/30/22
Portfolio	3/31/22
Portfolio	12/31/21
Portfolio	9/30/21
Portfolio	6/30/21
Portfolio	3/31/21
Portfolio	12/31/20
Portfolio	9/30/20
Portfolio	6/30/20
Portfolio	3/31/20
Portfolio	12/31/19
Portfolio	9/30/19
Portfolio	6/30/19
Portfolio	3/31/19
Portfolio	12/31/18
Portfolio	9/30/18
Portfolio	6/30/18
Portfolio	3/31/18
Portfolio	12/31/17
Portfolio	9/30/17
Portfolio	6/30/17
Portfolio	3/31/17
Portfolio	12/31/16
Portfolio	9/30/16
Portfolio	6/30/16
Portfolio	3/31/16
Portfolio	12/31/15
Portfolio	9/30/15
Portfolio	6/30/15
Portfolio	3/31/15
Benchmark	12/31/24																											0
Benchmark	9/30/24																											0
Benchmark	6/30/24																											0
Benchmark	3/31/24																											0
Benchmark	12/31/23																											0
Benchmark	9/30/23																											0
Benchmark	6/30/23																											0
Benchmark	3/31/23																											0
Benchmark	12/31/22																											0
Benchmark	9/30/22																											0
Benchmark	6/30/22																											0
Benchmark	3/31/22																											0
Benchmark	12/31/21																											0
Benchmark	9/30/21																											0
Benchmark	6/30/21																											0
Benchmark	3/31/21																											0
Benchmark	12/31/20																											0
Benchmark	9/30/20																											0
Benchmark	6/30/20																											0
Benchmark	3/31/20																											0
Benchmark	12/31/19																											0
Benchmark	9/30/19																											0
Benchmark	6/30/19																											0
Benchmark	3/31/19																											0
Benchmark	12/31/18																											0
Benchmark	9/30/18																											0
Benchmark	6/30/18																											0
Benchmark	3/31/18																											0
Benchmark	12/31/17																											0
Benchmark	9/30/17																											0
Benchmark	6/30/17																											0
Benchmark	3/31/17																											0
Benchmark	12/31/16																											0
Benchmark	9/30/16																											0
Benchmark	6/30/16																											0
Benchmark	3/31/16																											0
Benchmark	12/31/15																											0
Benchmark	9/30/15																											0
Benchmark	6/30/15																											0
Benchmark	3/31/15																											0
Relative	12/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Table 4 Table 4 - Statistics of Portfolio and Benchmark by Quarter only fill in data for Portfolio and Benchmark panels, Relative will self populate

Portfolio or Benchmark	Quarter	P/E	P/S	P/B	Div Yield	Hist 3-Yr EPS Growth	12 Mo Fwd EPS Growth	Leverage Ratio	ROE	Wtd. Avg. Mkt. Cap
Portfolio	12/30/24
Portfolio	9/30/24
Portfolio	6/30/24
Portfolio	3/31/24
Portfolio	12/31/23
Portfolio	9/30/23
Portfolio	6/30/23
Portfolio	3/31/23
Portfolio	12/31/22
Portfolio	9/30/22
Portfolio	6/30/22
Portfolio	3/31/22
Portfolio	12/31/21
Portfolio	9/30/21
Portfolio	6/30/21
Portfolio	3/31/21
Portfolio	12/31/20
Portfolio	9/30/20
Portfolio	6/30/20
Portfolio	3/31/20
Portfolio	12/31/19
Portfolio	9/30/19
Portfolio	6/30/19
Portfolio	3/31/19
Portfolio	12/31/18
Portfolio	9/30/18
Portfolio	6/30/18
Portfolio	3/31/18
Portfolio	12/31/17
Portfolio	9/30/17
Portfolio	6/30/17
Portfolio	3/31/17
Portfolio	12/31/16
Portfolio	9/30/16
Portfolio	6/30/16
Portfolio	3/31/16
Portfolio	12/31/15
Portfolio	9/30/15
Portfolio	6/30/15
Portfolio	3/31/15
Benchmark	12/30/24
Benchmark	9/30/24
Benchmark	6/30/24
Benchmark	3/31/24
Benchmark	12/31/23
Benchmark	9/30/23
Benchmark	6/30/23
Benchmark	3/31/23
Benchmark	12/31/22
Benchmark	9/30/22
Benchmark	6/30/22
Benchmark	3/31/22
Benchmark	12/31/21
Benchmark	9/30/21
Benchmark	6/30/21
Benchmark	3/31/21
Benchmark	12/31/20
Benchmark	9/30/20
Benchmark	6/30/20
Benchmark	3/31/20
Benchmark	12/31/19
Benchmark	9/30/19
Benchmark	6/30/19
Benchmark	3/31/19
Benchmark	12/31/18
Benchmark	9/30/18
Benchmark	6/30/18
Benchmark	3/31/18
Benchmark	12/31/17
Benchmark	9/30/17
Benchmark	6/30/17
Benchmark	3/31/17
Benchmark	12/31/16
Benchmark	9/30/16
Benchmark	6/30/16
Benchmark	3/31/16
Benchmark	12/31/15
Benchmark	9/30/15
Benchmark	6/30/15
Benchmark	3/31/15
Relative	12/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%

Table 5 Table 5 - Sector Exposure (%) of Portfolio and Benchmark by Quarter only fill in data for Portfolio and Benchmark panels, Relative will self populate

Portfolio or Benchmark	Quarter	Consumer Discretionary	Consumer Staples	Communication Services	Energy	Financials	Health Care	Industrials	Information Technology	Materials	Real Estate	Utilities	Telecommunication Services	Other	Not Classified
Portfolio	12/31/24
Portfolio	9/30/24
Portfolio	6/30/24
Portfolio	3/31/24
Portfolio	12/31/23
Portfolio	9/30/23
Portfolio	6/30/23
Portfolio	3/31/23
Portfolio	12/31/22
Portfolio	9/30/22
Portfolio	6/30/22
Portfolio	3/31/22
Portfolio	12/31/21
Portfolio	9/30/21
Portfolio	6/30/21
Portfolio	3/31/21
Portfolio	12/31/20
Portfolio	9/30/20
Portfolio	6/30/20
Portfolio	3/31/20
Portfolio	12/31/19
Portfolio	9/30/19
Portfolio	6/30/19
Portfolio	3/31/19
Portfolio	12/31/18
Portfolio	9/30/18
Portfolio	6/30/18
Portfolio	3/31/18
Portfolio	12/31/17
Portfolio	9/30/17
Portfolio	6/30/17
Portfolio	3/31/17
Portfolio	12/31/16
Portfolio	9/30/16
Portfolio	6/30/16
Portfolio	3/31/16
Portfolio	12/31/15
Portfolio	9/30/15
Portfolio	6/30/15
Portfolio	3/31/15
Benchmark	12/31/24
Benchmark	9/30/24
Benchmark	6/30/24
Benchmark	3/31/24
Benchmark	12/31/23
Benchmark	9/30/23
Benchmark	6/30/23
Benchmark	3/31/23
Benchmark	12/31/22
Benchmark	9/30/22
Benchmark	6/30/22
Benchmark	3/31/22
Benchmark	12/31/21
Benchmark	9/30/21
Benchmark	6/30/21
Benchmark	3/31/21
Benchmark	12/31/20
Benchmark	9/30/20
Benchmark	6/30/20
Benchmark	3/31/20
Benchmark	12/31/19
Benchmark	9/30/19
Benchmark	6/30/19
Benchmark	3/31/19
Benchmark	12/31/18
Benchmark	9/30/18
Benchmark	6/30/18
Benchmark	3/31/18
Benchmark	12/31/17
Benchmark	9/30/17
Benchmark	6/30/17
Benchmark	3/31/17
Benchmark	12/31/16
Benchmark	9/30/16
Benchmark	6/30/16
Benchmark	3/31/16
Benchmark	12/31/15
Benchmark	9/30/15
Benchmark	6/30/15
Benchmark	3/31/15
Relative	12/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	12/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	9/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	6/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Relative	3/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Table 6 Table 6 - Market Capitaiization Exposure (%) of Portfolio and Benchmark by Quarter only fill in data for Portfolio and Benchmark panels, Relative will self populate Portfolio or Benchmark Quarter $0-$2.5B tc={FA1B4B8A-CDD1-4E14-84AC-A5AB5E0BD048}: [Threaded comment]

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Comment:

Get Mercer and BlackRock Green Package Market Cap Bucketing	$2.5B - $7.5B	$7.5B - $15B	$15B - $25B	$25B- $50B	$50B-$100B	>$100B	Mean market cap	Median market cap	Out of Benchmark %, portion of stocks out of benchmark due to small market capitalization
	Portfolio	12/31/24
	Portfolio	9/30/24
	Portfolio	6/30/24
	Portfolio	3/31/24
	Portfolio	12/31/23
	Portfolio	9/30/23
	Portfolio	6/30/23
	Portfolio	3/31/23
	Portfolio	12/31/22
	Portfolio	9/30/22
	Portfolio	6/30/22
	Portfolio	3/31/22
	Portfolio	12/31/21
	Portfolio	9/30/21
	Portfolio	6/30/21
	Portfolio	3/31/21
	Portfolio	12/31/20
	Portfolio	9/30/20
	Portfolio	6/30/20
	Portfolio	3/31/20
	Portfolio	12/31/19
	Portfolio	9/30/19
	Portfolio	6/30/19
	Portfolio	3/31/19
	Portfolio	12/31/18
	Portfolio	9/30/18
	Portfolio	6/30/18
	Portfolio	3/31/18
	Portfolio	12/31/17
	Portfolio	9/30/17
	Portfolio	6/30/17
	Portfolio	3/31/17
	Portfolio	12/31/16
	Portfolio	9/30/16
	Portfolio	6/30/16
	Portfolio	3/31/16
	Portfolio	12/31/15
	Portfolio	9/30/15
	Portfolio	6/30/15
	Portfolio	3/31/15
	Benchmark	12/31/24										0
	Benchmark	9/30/24										0
	Benchmark	6/30/24										0
	Benchmark	3/31/24										0
	Benchmark	12/31/23										0
	Benchmark	9/30/23										0
	Benchmark	6/30/23										0
	Benchmark	3/31/23										0
	Benchmark	12/31/22										0
	Benchmark	9/30/22										0
	Benchmark	6/30/22										0
	Benchmark	3/31/22										0
	Benchmark	12/31/21										0
	Benchmark	9/30/21										0
	Benchmark	6/30/21										0
	Benchmark	3/31/21										0
	Benchmark	12/31/20										0
	Benchmark	9/30/20										0
	Benchmark	6/30/20										0
	Benchmark	3/31/20										0
	Benchmark	12/31/19										0
	Benchmark	9/30/19										0
	Benchmark	6/30/19										0
	Benchmark	3/31/19										0
	Benchmark	12/31/18										0
	Benchmark	9/30/18										0
	Benchmark	6/30/18										0
	Benchmark	3/31/18										0
	Benchmark	12/31/17										0
	Benchmark	9/30/17										0
	Benchmark	6/30/17										0
	Benchmark	3/31/17										0
	Benchmark	12/31/16										0
	Benchmark	9/30/16										0
	Benchmark	6/30/16										0
	Benchmark	3/31/16										0
	Benchmark	12/31/15										0
	Benchmark	9/30/15										0
	Benchmark	6/30/15										0
	Benchmark	3/31/15										0
	Relative	12/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/24	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/23	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/22	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/21	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/20	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/19	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/18	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/17	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/16	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	12/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	9/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	6/30/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	Relative	3/31/15	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Table 7 Table 7 - Out of Benchmark Exposure (%) of Portfolio by Quarter

Portfolio or Benchmark

Quarter

% of Portfoliio out of Benchmark (should match column AA in Table 3)

Out of Benchmark %, portion of stocks out of benchmark due to smaller than EME market capitalization

Australia

Austria

Belgium

Denmark

Finland

France

Germany

Hong Kong

Ireland

Israel

Italy

Japan

Netherlands

New Zealand

Norway

Portugal

Singapore

Spain

Sweden

Switzerland

United Kingdom

United States

Canada

Russia

Argentina

Other Country 1

Other Country …

Portfolio

12/31/24

0.00

Portfolio

9/30/24

0.00

Portfolio

6/30/24

0.00

Portfolio

3/31/24

0.00

Portfolio

12/31/23

0.00

Portfolio

9/30/23

0.00

Portfolio

6/30/23

0.00

Portfolio

3/31/23

0.00

Portfolio

12/31/22

0.00

Portfolio

9/30/22

0.00

Portfolio

6/30/22

0.00

Portfolio

3/31/22

0.00

Portfolio

12/31/21

0.00

Portfolio

9/30/21

0.00

Portfolio

6/30/21

0.00

Portfolio

3/31/21

0.00

Portfolio

12/31/20

0.00

Portfolio

9/30/20

0.00

Portfolio

6/30/20

0.00

Portfolio

3/31/20

0.00

Portfolio

12/31/19

0.00

Portfolio

9/30/19

0.00

Portfolio

6/30/19

0.00

Portfolio

3/31/19

0.00

Portfolio

12/31/18

0.00

Portfolio

9/30/18

0.00

Portfolio

6/30/18

0.00

Portfolio

3/31/18

0.00

Portfolio

12/31/17

0.00

Portfolio

9/30/17

0.00

Portfolio

6/30/17

0.00

Portfolio

3/31/17

0.00

Portfolio

12/31/16

0.00

Portfolio

9/30/16

0.00

Portfolio

6/30/16

0.00

Portfolio

3/31/16

0.00

Portfolio

12/31/15

0.00

Portfolio

9/30/15

0.00

Portfolio

6/30/15

0.00

Portfolio

3/31/15

0.00

Table 8 Table 8 - Portfolio Holdings as of 12/31/2024 Please sort by Percentage of Total Portfolio Security Name Number of Shares Total Market Value Percentage of Total Portfolio Country Sector Out of Benchmark Y/N

Table 9

Table 9 - Performance of Portfolio and Benchmark by Month, Quarter, Year and Annual Statistics
Monthly Returns				Quarterly Returns				Annual Returns				Annualized Returns (3, 5, 10 years and since inception)
Month	Portfolio (gross of fees)	Benchmark	Excess Return	Month	Portfolio (gross of fees)	Benchmark	Excess Return	Year	Portfolio (gross of fees)	Benchmark	Excess Return	Period	Portfolio (gross of fees)	Benchmark	Excess Return
Dec-24	0.00%	0.00%	0.00%	Dec-24	0.00%	0.00%	0.00%	2024	0.00%	0.00%	0.00%	3 Years ending 12/31/2024			0.00%
Nov-24	0.00%	0.00%	0.00%	Sep-24	0.00%	0.00%	0.00%	2023	0.00%	0.00%	0.00%	5 Years ending 12/31/2024			0.00%
Oct-24	0.00%	0.00%	0.00%	Jun-24	0.00%	0.00%	0.00%	2022	0.00%	0.00%	0.00%	10 Years ending 12/31/2024			0.00%
Sep-24	0.00%	0.00%	0.00%	Mar-24	0.00%	0.00%	0.00%	2021	0.00%	0.00%	0.00%	Since Inception ending 12/31/2024			0.00%
Aug-24	0.00%	0.00%	0.00%	Dec-23	0.00%	0.00%	0.00%	2020	0.00%	0.00%	0.00%	Date of Inception
Jul-24	0.00%	0.00%	0.00%	Sep-23	0.00%	0.00%	0.00%	2019	0.00%	0.00%	0.00%
Jun-24	0.00%	0.00%	0.00%	Jun-23	0.00%	0.00%	0.00%	2018	0.00%	0.00%	0.00%
May-24	0.00%	0.00%	0.00%	Mar-23	0.00%	0.00%	0.00%	2017	0.00%	0.00%	0.00%
Apr-24	0.00%	0.00%	0.00%	Dec-22	0.00%	0.00%	0.00%	2016	0.00%	0.00%	0.00%
Mar-24	0.00%	0.00%	0.00%	Sep-22	0.00%	0.00%	0.00%	2015	0.00%	0.00%	0.00%
Feb-24	0.00%	0.00%	0.00%	Jun-22	0.00%	0.00%	0.00%
Jan-24	0.00%	0.00%	0.00%	Mar-22	0.00%	0.00%	0.00%
Dec-23	0.00%	0.00%	0.00%	Dec-21	0.00%	0.00%	0.00%
Nov-23	0.00%	0.00%	0.00%	Sep-21	0.00%	0.00%	0.00%
Oct-23	0.00%	0.00%	0.00%	Jun-21	0.00%	0.00%	0.00%
Sep-23	0.00%	0.00%	0.00%	Mar-21	0.00%	0.00%	0.00%
Aug-23	0.00%	0.00%	0.00%	Dec-20	0.00%	0.00%	0.00%
Jul-23	0.00%	0.00%	0.00%	Sep-20	0.00%	0.00%	0.00%
Jun-23	0.00%	0.00%	0.00%	Jun-20	0.00%	0.00%	0.00%
May-23	0.00%	0.00%	0.00%	Mar-20	0.00%	0.00%	0.00%
Apr-23	0.00%	0.00%	0.00%	Dec-19	0.00%	0.00%	0.00%
Mar-23	0.00%	0.00%	0.00%	Sep-19	0.00%	0.00%	0.00%
Feb-23	0.00%	0.00%	0.00%	Jun-19	0.00%	0.00%	0.00%
Jan-23	0.00%	0.00%	0.00%	Mar-19	0.00%	0.00%	0.00%
Dec-22	0.00%	0.00%	0.00%	Dec-18	0.00%	0.00%	0.00%
Nov-22	0.00%	0.00%	0.00%	Sep-18	0.00%	0.00%	0.00%
Oct-22	0.00%	0.00%	0.00%	Jun-18	0.00%	0.00%	0.00%
Sep-22	0.00%	0.00%	0.00%	Mar-18	0.00%	0.00%	0.00%
Aug-22	0.00%	0.00%	0.00%	Dec-17	0.00%	0.00%	0.00%
Jul-22	0.00%	0.00%	0.00%	Sep-17	0.00%	0.00%	0.00%
Jun-22	0.00%	0.00%	0.00%	Jun-17	0.00%	0.00%	0.00%
May-22	0.00%	0.00%	0.00%	Mar-17	0.00%	0.00%	0.00%
Apr-22	0.00%	0.00%	0.00%	Dec-16	0.00%	0.00%	0.00%
Mar-22	0.00%	0.00%	0.00%	Sep-16	0.00%	0.00%	0.00%
Feb-22	0.00%	0.00%	0.00%	Jun-16	0.00%	0.00%	0.00%
Jan-22	0.00%	0.00%	0.00%	Mar-16	0.00%	0.00%	0.00%
Dec-21	0.00%	0.00%	0.00%	Dec-15	0.00%	0.00%	0.00%
Nov-21	0.00%	0.00%	0.00%	Sep-15	0.00%	0.00%	0.00%
Oct-21	0.00%	0.00%	0.00%	Jun-15	0.00%	0.00%	0.00%
Sep-21	0.00%	0.00%	0.00%	Mar-15	0.00%	0.00%	0.00%
Aug-21	0.00%	0.00%	0.00%
Jul-21	0.00%	0.00%	0.00%
Jun-21	0.00%	0.00%	0.00%
May-21	0.00%	0.00%	0.00%
Apr-21	0.00%	0.00%	0.00%
Mar-21	0.00%	0.00%	0.00%
Feb-21	0.00%	0.00%	0.00%
Jan-21	0.00%	0.00%	0.00%
Dec-20	0.00%	0.00%	0.00%
Nov-20	0.00%	0.00%	0.00%
Oct-20	0.00%	0.00%	0.00%
Sep-20	0.00%	0.00%	0.00%
Aug-20	0.00%	0.00%	0.00%
Jul-20	0.00%	0.00%	0.00%
Jun-20	0.00%	0.00%	0.00%
May-20	0.00%	0.00%	0.00%
Apr-20	0.00%	0.00%	0.00%
Mar-20	0.00%	0.00%	0.00%
Feb-20	0.00%	0.00%	0.00%
Jan-20	0.00%	0.00%	0.00%
Dec-19	0.00%	0.00%	0.00%
Nov-19	0.00%	0.00%	0.00%
Oct-19	0.00%	0.00%	0.00%
Sep-19	0.00%	0.00%	0.00%
Aug-19	0.00%	0.00%	0.00%
Jul-19	0.00%	0.00%	0.00%
Jun-19	0.00%	0.00%	0.00%
May-19	0.00%	0.00%	0.00%
Apr-19	0.00%	0.00%	0.00%
Mar-19	0.00%	0.00%	0.00%
Feb-19	0.00%	0.00%	0.00%
Jan-19	0.00%	0.00%	0.00%
Dec-18	0.00%	0.00%	0.00%
Nov-18	0.00%	0.00%	0.00%
Oct-18	0.00%	0.00%	0.00%
Sep-18	0.00%	0.00%	0.00%
Aug-18	0.00%	0.00%	0.00%
Jul-18	0.00%	0.00%	0.00%
Jun-18	0.00%	0.00%	0.00%
May-18	0.00%	0.00%	0.00%
Apr-18	0.00%	0.00%	0.00%
Mar-18	0.00%	0.00%	0.00%
Feb-18	0.00%	0.00%	0.00%
Jan-18	0.00%	0.00%	0.00%
Dec-17	0.00%	0.00%	0.00%
Nov-17	0.00%	0.00%	0.00%
Oct-17	0.00%	0.00%	0.00%
Sep-17	0.00%	0.00%	0.00%
Aug-17	0.00%	0.00%	0.00%
Jul-17	0.00%	0.00%	0.00%
Jun-17	0.00%	0.00%	0.00%
May-17	0.00%	0.00%	0.00%
Apr-17	0.00%	0.00%	0.00%
Mar-17	0.00%	0.00%	0.00%
Feb-17	0.00%	0.00%	0.00%
Jan-17	0.00%	0.00%	0.00%
Dec-16	0.00%	0.00%	0.00%
Nov-16	0.00%	0.00%	0.00%
Oct-16	0.00%	0.00%	0.00%
Sep-16	0.00%	0.00%	0.00%
Aug-16	0.00%	0.00%	0.00%
Jul-16	0.00%	0.00%	0.00%
Jun-16	0.00%	0.00%	0.00%
May-16	0.00%	0.00%	0.00%
Apr-16	0.00%	0.00%	0.00%
Mar-16	0.00%	0.00%	0.00%
Feb-16	0.00%	0.00%	0.00%
Jan-16	0.00%	0.00%	0.00%
Dec-15	0.00%	0.00%	0.00%
Nov-15	0.00%	0.00%	0.00%
Oct-15	0.00%	0.00%	0.00%
Sep-15	0.00%	0.00%	0.00%
Aug-15	0.00%	0.00%	0.00%
Jul-15	0.00%	0.00%	0.00%
Jun-15	0.00%	0.00%	0.00%
May-15	0.00%	0.00%	0.00%
Apr-15	0.00%	0.00%	0.00%
Mar-15	0.00%	0.00%	0.00%
Feb-15	0.00%	0.00%	0.00%
Jan-15	0.00%	0.00%	0.00%

Table 10

Table 10 - Annualized Returns of Best and Worst performing portfolios in the relevant composite
Period	High	Low	Difference	Reasons for Large Differences
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Table 11

Table 11 - Rolling 36 Month Information Ratio Calculation
	Portfolio (in %)	Benchmark (in %)	Monthly Excess Return (C) (in %)	Monthly Geometric Excess (D)	36 Month Annualized Excess (E) (in %)	36 Month T.E. (Std Dev of Excess REturn) (F) (in %)	Information Ratio
Period Ending	(A)	(B)	((1+A/100) / (1+B/100)) - 1	(1+C/100)	((1+D5/100)(1+D6/100)

*(1+D127/100)*(1+D128/100)) ^ (1/3)-1 STDEV(C1:C36)

SQRT(12)		(E/F)
	AVERAGE					2.36	2.86	0.65
	12/31/24	13.46	14.71	-1.09	0.9891	-0.89	2.25	-0.39
	11/30/24	13.46	14.71	-1.09	0.9891	-0.53	2.17	-0.24
	10/31/24	13.46	14.71	-1.09	0.9891	-0.04	2.09	-0.02
	9/30/24	13.46	14.71	-1.09	0.9891	0.20	2.00	0.10
	8/31/24	-10.75	-11.09	0.38	1.0038	0.33	1.94	0.17
	7/31/24	6.84	6.52	0.30	1.0030	0.34	1.94	0.18
	6/30/24	0.76	1.89	-1.11	0.9889	0.29	1.93	0.15
	5/31/24	2.64	2.07	0.56	1.0056	0.44	1.86	0.24
	4/30/24	9.83	10.71	-0.79	0.9921	0.31	1.83	0.17
	3/31/24	-5.82	-5.83	0.01	1.0001	0.21	1.89	0.11
	2/29/24	3.43	2.83	0.58	1.0058	0.34	1.90	0.18
	1/31/24	-0.18	0.10	-0.28	0.9972	0.28	1.88	0.15
	12/31/23	1.07	1.00	0.07	1.0007	0.75	1.98	0.38
	11/30/23	2.77	2.52	0.24	1.0024	0.86	1.99	0.43
	10/31/23	2.98	3.55	-0.55	0.9945	0.58	2.02	0.28
	9/30/23	0.14	0.93	-0.78	0.9922	0.86	2.00	0.43
	8/31/23	4.68	5.04	-0.34	0.9966	1.20	1.93	0.62
	7/31/23	3.58	3.88	-0.29	0.9971	1.30	1.92	0.68
	6/30/23	0.95	0.61	0.34	1.0034	1.46	1.90	0.77
	5/31/23	-4.73	-5.27	0.57	1.0057	1.29	1.90	0.68
	4/30/23	3.83	4.06	-0.22	0.9978	1.08	1.89	0.57
	3/31/23	3.29	3.26	0.03	1.0003	0.90	1.94	0.46
	2/28/23	-6.34	-6.86	0.56	1.0056	0.92	1.94	0.47
	1/31/23	0.23	0.82	-0.58	0.9942	0.74	1.92	0.38
	12/31/22	-2.41	-1.66	-0.76	0.9924	0.84	1.89	0.45
	11/30/22	-4.55	-5.89	1.43	1.0143	1.28	1.85	0.70
	10/31/22	7.38	6.56	0.77	1.0077	0.74	1.68	0.44
	9/30/22	3.00	2.78	0.21	1.0021	0.30	1.66	0.18
	8/31/22	1.16	0.95	0.21	1.0021	0.01	1.70	0.01
	7/31/22	3.92	3.54	0.37	1.0037	-0.09	1.70	-0.05
	6/30/22	3.05	3.82	-0.74	0.9926	-0.11	1.69	-0.06
	5/31/22	-0.61	-0.39	-0.22	0.9978	0.12	1.64	0.07
	4/30/22	-0.54	-0.90	0.37	1.0037	0.33	1.65	0.20
	3/31/22	-0.99	-1.83	0.86	1.0086	-0.03	1.69	-0.02
	2/28/22	0.14	-0.18	0.32	1.0032	-0.59	1.68	-0.35
	1/31/22	2.15	1.90	0.25	1.0025	-0.31	1.81	-0.17
	12/31/21	5.56	5.57	-0.01	0.9999	-0.34	1.80	-0.19
	11/30/21	-4.21	-4.56	0.37	1.0037	-0.01	1.90	-0.00
	10/31/21	2.57	2.93	-0.35	0.9965	-0.34	1.92	-0.18
	9/30/21	4.50	5.24	-0.70	0.9930	-0.73	2.10	-0.35
	8/31/21	-0.73	-1.12	0.40	1.0040	-0.11	2.18	-0.05
	7/31/21	6.62	6.47	0.14	1.0014	0.70	2.73	0.26
	6/30/21	4.04	4.74	-0.66	0.9934	1.26	2.92	0.43
	5/31/21	-3.75	-3.93	0.19	1.0019	0.97	3.03	0.32
	4/30/21	13.46	14.71	-1.09	0.9891	1.77	3.36	0.53
	3/31/21	-10.75	-11.09	0.38	1.0038	1.63	3.42	0.48
	2/28/21	-5.25	-5.64	0.42	1.0042	2.37	3.70	0.64
	1/31/21	2.88	1.75	1.11	1.0111	2.82	3.81	0.74
	12/31/20	-2.95	-3.35	0.42	1.0042	2.92	3.83	0.76
	11/30/20	0.94	1.56	-0.61	0.9939	2.71	3.84	0.71
	10/31/20	6.16	5.83	0.31	1.0031	2.74	3.83	0.72
	9/30/20	-1.21	-1.43	0.22	1.0022	3.14	3.90	0.80
	8/31/20	4.55	4.59	-0.04	0.9996	3.27	3.91	0.84
	7/31/20	3.70	3.52	0.17	1.0017	3.20	3.91	0.82
	6/30/20	4.57	4.74	-0.16	0.9984	3.26	3.91	0.83
	5/31/20	-1.69	-1.63	-0.06	0.9994	3.22	3.92	0.82
	4/30/20	3.91	4.70	-0.76	0.9924	3.02	3.95	0.77
	3/31/20	4.65	4.54	0.10	1.0010	2.76	4.04	0.68
	2/29/20	-1.30	-1.32	0.02	1.0002	3.12	4.07	0.77
	1/31/20	9.57	9.87	-0.28	0.9972	4.09	4.34	0.94
	12/31/19	-4.87	-5.39	0.55	1.0055	4.81	4.41	1.09
	11/30/19	-5.52	-5.34	-0.19	0.9981	4.09	4.54	0.90
	10/31/19	6.35	6.94	-0.55	0.9945	5.05	4.71	1.07
	9/30/19	9.44	10.15	-0.64	0.9936	5.85	4.73	1.24
	8/31/19	5.54	5.64	-0.10	0.9990	6.58	4.72	1.40
	7/31/19	-5.33	-5.62	0.31	1.0031	6.54	4.72	1.39
	6/30/19	6.84	6.91	-0.07	0.9993	6.25	4.76	1.31
	5/31/19	7.36	6.91	0.42	1.0042	6.79	4.78	1.42
	4/30/19	-5.18	-4.50	-0.71	0.9929	6.86	4.78	1.43
	3/31/19	6.19	7.09	-0.84	0.9916	7.02	4.74	1.48
	2/28/19	15.88	14.55	1.16	1.0116	7.45	4.67	1.60
	1/31/19	10.57	10.39	0.16	1.0016	7.25	4.66	1.56
	12/31/18	-2.48	-3.44	1.00	1.0100	7.10	4.68	1.52
	11/30/18	1.99	2.63	-0.63	0.9937	6.88	4.67	1.47
	10/31/18	30.83	32.86	-1.53	0.9847	7.00	4.65	1.51
	9/30/18	4.42	3.22	1.16	1.0116	7.84	4.48	1.75
	8/31/18	-19.61	-21.85	2.87	1.0287	7.54	4.47	1.69
	7/31/18	-16.58	-18.08	1.83	1.0183	6.72	4.27	1.58
	6/30/18	15.92	17.70	-1.51	0.9849	6.32	4.20	1.50
	5/31/18	-22.60	-24.55	2.59	1.0259	6.74	4.06	1.66
	4/30/18	15.92	17.70	-1.51	0.9849	5.56	3.94	1.41
	3/31/18	-22.60	-24.55	2.59	1.0259	6.35	3.77	1.69
	2/28/18	-31.20	-32.38	1.75	1.0175	5.38	3.58	1.50
	1/31/18	1.00	-0.42	1.42	1.0142	4.98	3.50	1.43
	12/31/17	2.06	2.27	-0.20	0.9980	4.27	3.49	1.22
	11/30/17	2.35	2.89	-0.52	0.9948	4.20	3.51	1.20
	10/31/17	-9.77	-11.08	1.47	1.0147	4.06	3.55	1.14
	9/30/17	0.83	0.22	0.60	1.0060	3.89	3.50	1.11
	8/31/17	5.89	6.16	-0.26	0.9974	3.76	3.50	1.08
	7/31/17	7.04	6.65	0.37	1.0037	3.93	3.48	1.13
	6/30/17	-4.05	-3.77	-0.29	0.9971	3.58	3.53	1.01
	5/31/17	1.99	2.63	-0.63	0.9937	3.46	3.55	0.97
	4/30/17	30.83	32.86	-1.53	0.9847	3.97	3.53	1.13
	3/31/17	4.42	3.22	1.16	1.0116	4.49	3.36	1.34
	2/28/17	-19.61	-21.85	2.87	1.0287	4.08	3.33	1.22
	1/31/17	-16.58	-18.08	1.83	1.0183	2.85	3.03	0.94
	12/31/16	15.92	17.70	-1.51	0.9849	2.35	2.88	0.82
	11/30/16	-22.60	-24.55	2.59	1.0259	2.85	2.70	1.06
	10/31/16	-31.20	-32.38	1.75	1.0175	1.86	2.33	0.80
	9/30/16	1.00	-0.42	1.42	1.0142	1.23	2.14	0.58
	8/31/16	2.06	2.27	-0.20	0.9980	0.57	2.02	0.28
	7/31/16	2.35	2.89	-0.52	0.9948	1.06	2.13	0.50
	6/30/16	-9.77	-11.08	1.47	1.0147	1.02	2.14	0.48
	5/31/16	0.83	0.22	0.60	1.0060	0.67	1.99	0.34
	4/30/16	5.89	6.16	-0.26	0.9974	0.53	1.96	0.27
	3/31/16	7.04	6.65	0.37	1.0037	0.80	1.98	0.41
	2/29/16	0.83	0.22	0.60	1.0060	0.64	1.97	0.33
	1/31/16	5.89	6.16	-0.26	0.9974	0.61	1.96	0.31
	12/31/15	7.04	6.65	0.37	1.0037	0.57	1.97	0.29
	11/30/15	-4.05	-3.77	-0.29	0.9971	0.34	1.97	0.17
	10/31/15	1.65	0.84	0.80	1.0080	0.73	2.02	0.36
	9/30/15	0.15	-0.18	0.33	1.0033	0.45	1.97	0.23
	8/31/15	-3.27	-3.78	0.53	1.0053	0.40	1.97	0.20
	7/31/15	5.84	5.12	0.69	1.0069	0.34	1.96	0.17
	6/30/15	1.81	2.14	-0.32	0.9968	-0.05	1.94	-0.02
	5/31/15	6.98	7.84	-0.80	0.9920	0.25	1.95	0.13
	4/30/15	0.81	0.10	0.71	1.0071	0.46	1.90	0.24
	3/31/15	4.46	4.64	-0.18	0.9982	0.19	1.86	0.10
	2/28/15	-1.54	-2.12	0.60	1.0060	0.26	1.85	0.14
	1/31/15	-0.21	0.43	-0.64	0.9936	0.33	1.88	0.18
	12/31/14	-4.21	-3.84	-0.39	0.9961	0.34	1.88	0.18
	11/30/14	6.63	7.63	-0.93	0.9907	0.56	1.87	0.30
	10/31/14	6.23	5.21	0.97	1.0097	1.16	1.83	0.63
	9/30/14	3.56	3.31	0.24	1.0024	1.01	1.78	0.57
	8/31/14	6.24	6.00	0.22	1.0022
	7/31/14	-2.16	-1.51	-0.65	0.9935
	6/30/14	2.58	3.23	-0.63	0.9937
	5/31/14	-8.05	-8.82	0.84	1.0084
	4/30/14	5.14	5.19	-0.05	0.9995
	3/31/14	4.43	4.45	-0.02	0.9998
	2/28/14	4.79	5.57	-0.74	0.9926
	1/31/14	-0.11	-0.48	0.37	1.0037
	12/31/13	8.20	8.26	-0.05	0.9995
	11/30/13	0.15	0.50	-0.35	0.9965
	10/31/13	2.86	2.99	-0.13	0.9987
	9/30/13	7.00	7.59	-0.55	0.9945
	8/31/13	-13.56	-14.64	1.27	1.0127
	7/31/13	5.34	6.01	-0.63	0.9937
	6/30/13	2.07	1.66	0.40	1.0040
	5/31/13	4.19	4.00	0.18	1.0018
	4/30/13	3.58	3.00	0.56	1.0056
	3/31/13	4.30	4.41	-0.10	0.9990
	2/28/13	1.98	1.48	0.49	1.0049
	1/31/13	3.12	3.52	-0.38	0.9962
	12/31/12	0.52	0.83	-0.31	0.9969
	11/30/12	6.25	5.32	0.89	1.0089
	10/31/12	2.11	2.16	-0.05	0.9995
	9/30/12	5.86	5.66	0.19	1.0019
	8/31/12	4.22	3.85	0.35	1.0035
	7/31/12	1.95	2.43	-0.47	0.9953
	6/30/12	2.41	1.82	0.58	1.0058
	5/31/12	-3.10	-2.91	-0.19	0.9981
	4/30/12	1.26	1.36	-0.10	0.9990
	3/31/12	4.81	4.78	0.03	1.0003
	2/29/12	-4.58	-5.37	0.83	1.0083
	1/31/12	-4.56	-3.96	-0.62	0.9938
	12/31/11	0.35	0.09	0.26	1.0026
	11/30/11	0.85	-0.01	0.86	1.0086
	10/31/11	2.25	1.73	0.51	1.0051

Table 12

Table 12 - Risk Statistics for 3, 5, 10 year and Since Inception Time Frames
Statistics	3 Years Ended 12/31/24	5 Years Ended 12/31/24	10 Years Ended 12/31/24	Since Inception
Excess Return
Beta
R2
Up-Market Capture
Down-Market Capture
Standard Deviation - Portfolio
Standard Deviation - Benchmark
Tracking Error
Information Ratio
Sharpe Ratio
"Batting Average"
Inception Date

Table 13

Table 13 - Experience and Credentials of EME Trading Team
Name	Title	Responsibilities	Location	Total Years of Industry Experience	Years With Firm	Years With Subject Product	Undergraduate Education/ Degree/Year	School	Post Graduate Education/ Degree/Year	School	Professional Designation

Table 14

Table 14 - New and Departed Personnel for the Trading Team
Status	Date (MM/YY)	Name	Title	Responsibilites	Location	Years Experience in Industry	Products	Reason for Departure	Replaced by (name/title)
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Departed
Departed
Departed
Departed
Departed

Summary
Year	Total # of Investment Personnel	# Joined	# Departed	Average Annual Turnover (%)	% Cumulative Trunover
2024
2023
2022
2021
2020

Table 15

Table 15 - Employee Count by Employee Type
Employee Type	Total Firm-wide	EME Team Only
Portfolio Managers
Research Analysts
Quantitative Analysts
Economists
Traders
Risk Analysts
Administration, Operations
Compliance
Legal/Regulatory
Client Service
Marketing, Sales
Other (Specify)

Table 16

Table 16 - Experience and Credentials of EME Investment Staff
Name	Title Responsibilities1	Location	Total Years of Industry Experience	Years With Firm	Years With Subject Product	Undergraduate Education/ Degree/Year	School	Post Graduate Education/ Degree/Year	School	Professional Designation

Note 1 Indicate whether individual has responsibilities for products other than the subject products.

Table 17

Table 17 - New and Departed Investment Personnel
Status	Date (MM/YY)	Name	Title	Responsibilites	Location	Years Experience in Industry	Products	Reason for Departure	Replaced by (name/title)
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Joined								N/A	N/A
Departed
Departed
Departed
Departed
Departed

Summary
Total # of Investment Personnel	# Joined	# Departed	Average Annual Turnover (%)

Table 18

		Table 18 - Annual Gains and Losses in Number of Accounts and AUM for all Assets, Equity Assets, EME Strategies, and US Tax Exempt investors in EME
Category	SubCategory		12/31/24	12/31/23	12/31/22	12/31/21	12/31/20
Total	AUM	(a) Total assets under management (all products, $ in mils.)
Total	AUM - Retail	Total retail assets under management ($ in mils.)
		Total subadvised assets under management ($ in mils.)
Total	AUM - Institutional	Total institutional assets under management ($ in mils.)
Equity	AUM	(b) Total equity assets under management (all products, $ in mils)
Equity	Accounts	Total # of Accounts
Equity	Average Account Size	Average Account Size
Equity	Accounts Gained	# Accounts gained
Equity	Account $ Gained	$ Gained
Equity	Accounts Lost	# Accounts lost
Equity	Account $ Lost	$ Lost
EAFE	AUM	(c) Total assets managed in all EME strategies ($ in mils)
EAFE	Accounts	Total # of Accounts
EAFE	Average Account Size	Average Account Size
EAFE	Accounts Gained	# Accounts gained
EAFE	Account $ Gained	$ Gained
EAFE	Accounts Lost	# Accounts lost
EAFE	Account $ Lost	$ Lost
EAFE - Proposed Strategy	AUM	(d) Total assets managed in the proposed EME strategy ($ in mils.)
EAFE - Proposed Strategy	Accounts	Total # of Accounts
EAFE - Proposed Strategy	Average Account Size	Average Account Size
EAFE - Proposed Strategy	Accounts Gained	# Accounts gained
EAFE - Proposed Strategy	Account $ Gained	$ Gained
EAFE - Proposed Strategy	Accounts Lost	# Accounts lost
EAFE - Proposed Strategy	Account $ Lost	$ Lost
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	AUM	(e) Total assets managed in the proposed EME strategy for U.S. tax-exempt clients ($ in mils.)
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts	Total # of Accounts
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Average Account Size	Average Account Size
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts Gained	# Accounts gained
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Account $ Gained	$ Gained
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts Lost	# Accounts lost
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Account $ Lost	$ Lost
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	AUM	(f) Total assets managed in the proposed EME commingled fund ($ in mils.)
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts	Total # of Accounts
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Average Account Size	Average Account Size
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts Gained	# Accounts gained
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Account $ Gained	$ Gained
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Accounts Lost	# Accounts lost
EAFE - Proposed Strategy, U.S. Tax Exempt Clients	Account $ Lost	$ Lost

Table 19

Table 19 - Client names and AUM of largest investors in proposed product
Client Name	Type of Client (U.S. Tax-exempt, Insurance, Mutual Fund, etc.)	Date of Inception	Market Value (12/31/24) ($M)	Commingled Fund or Separate Account

File details come from the government source that posted it. Updated May 13, 2025.