Common use of PERFORMANCE BENCHMARKS Clause in Contracts

PERFORMANCE BENCHMARKS. Two benchmarks are used to track the Adviser's relative performance: 1. The LIPPER EQUITY INCOME INDEX is used to evaluate performance relative to the average of similar mutual funds. 2. The S&P/BARRA VALUE INDEX is used to measure performance relative to a market benchmark of "value" stocks. The Adviser is tracked over one-, three- and five-year periods with the expectation that the Adviser will outperform the benchmark (net of Adviser fees).

PERFORMANCE BENCHMARKS. Two benchmarks are used to track the Adviser's relative performance: 1. The LIPPER EQUITY GROWTH & INCOME INDEX is used to evaluate performance relative to the average of similar mutual funds. 2. The S&P/BARRA VALUE INDEX is used to measure performance relative to a market benchmark of "value" stocks. The Adviser is tracked over one-, three- and five-year periods with the expectation that the Adviser will outperform the benchmark (net of Adviser fees).

PERFORMANCE BENCHMARKS. Two benchmarks are used to track the Adviser's advisors relative performance: 1. The LIPPER EQUITY INCOME INDEX is used to evaluate performance relative to the average of similar mutual funds. 2. The S&P/BARRA VALUE INDEX is used to measure performance relative to a market benchmark of "value" stocks. The Adviser is tracked over one-, three- and five-year periods with the expectation that the Adviser will outperform the benchmark (net of Adviser fees).