INNOVATION: TECHNOLOGY

The Executive Summary shows the performance of the total representative portfolio against its Policy Benchmark. The Policy Benchmark composition is listed at the bottom of the page. Performance for the other major asset classes is also summarized on this page. Each subsection of the report begins with a similar summary page.

The Capital Markets page shows the capital markets line for the representative portfolio along with point plots for various indices since portfolio inception.

Annualized returns since inception and the various policy benchmarks for the representative portfolio are displayed on this page, along with historical allocation of assets among the asset classes of the representative portfolio.

The Group Summary shows allocation breakdowns between asset class, managing firm, and investment product.

The Activity page displays investment cash flows by month, including interest, dividends, capital gains, contributions, and distributions. These cash flows, along with the dates they occurred, are retained in the Compass Performance System, which allows us to produce these audit quality summaries at the touch of a button.

The Manager Efficiency page displays how individual managers within the Group performed against their specific policy benchmarks (left side), including a summary of the percentage of the Group which was allocated to them at the end of the performance period.

The Investment Strategy Review page.

The Growth of Assets page is a graphical representation of contributed and distributed capital and earnings since the inception of the representative portfolio, allowing a determination of rebalancing effectiveness and the source of changes in asset levels.

The Growth of Assets accounting page shows the historical cash flows that go into the Growth of Assets chart.