RETURNS ON ASSET CLASSES YES PRESENTED AS PART OF A SINGLE ASSET CO...

3. Returns on asset classes Yes presented as part of a single asset composite, cash held in balanced portfolios, must be allocated to the carve-out returns in a excluding cash, have been timely and consistent manner. Note: Current GIPS carved out and included in Nostipulate that carve-outs cannot be used after 1 the equity and fixed income January 2005, but 2006 GIPS have moved this composites. date to 1 January 2010.