QUESTIONS 55 TO 60 RELATE TO GLOBAL INVESTMENT PERFORMANCE STANDARDS Q...

1. The firm is defined as an independent investment manager that invests exclusively in U.S. large-cap,

U.S. midcap, and U.S. small-cap equity securities for U.S. resident clients. WCM’s policy for valuing

portfolios and calculating performance is available upon request. WCM’s calculation methodology is

to use time-weighted rates of return. Subperiod rates of return are geometrically linked. Cash

equivalent instruments are included in rate-of-return calculations. Returns are calculated quarterly

or when large external cash flows (as defined by WCM) take place.