Performance and Risk Review - February 2014 - amLeague Competition Universe

1 YEAR RANKINGS

Performance Indicator	Asset management Co.	Manager	Result
Performance	Invesco AM	J. Taylor & M. Perowne	39.05%
Volatility	TOBAM	Team managed	9.63
Tracking Error	CM-CIC AM	C. Besson	2.07
Sharpe Ratio	Invesco AM	J. Taylor & M. Perowne	2.68
Information Ratio	Invesco AM	J. Taylor & M. Perowne	3.87
Black-Treynor Ratio	Invesco AM	J. Taylor & M. Perowne	11.07%
Max Drawdown	BNP Paribas IP	THEAM	-7.85%
	EUROSTOXX N.R. PERFORMANCE		24.27%
	AVERAGE MANDATE PERFORMANCE		22.40%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Europe Strategic Value Team	31.02%
Volatility	Swiss Life Asset Managers	J. Corcos	8.57
Tracking Error	Vivienne Investissement	Team managed	1.28
Sharpe Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	2.58
Information Ratio	AllianceBernstein	Europe Strategic Value Team	3.50
Black-Treynor Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	11.71%
Max Drawdown	Invesco AM	M. Kolrep & M. Von Ditfurth	-8.56%
	STOXX 600 N.R. PERFORMANCE		19.94%
	AVERAGE MANDATE PERFORMANCE		18.91%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Global Value Team	24.93%
Volatility	BNP Paribas IP	THEAM	7.93
Tracking Error	AllianzGI Best Styles Global Strategy	Team managed	1.96
Sharpe Ratio	AllianceBernstein	Global Value Team	2.39
Information Ratio	AllianceBernstein	Global Value Team	3.28
Black-Treynor Ratio	AllianceBernstein	Global Value Team	8.09%
Max Drawdown	AllianceBernstein	Global Value Team	-7.81%
	STOXX 1800 N.R. PERFORMANCE		15.22%
	AVERAGE MANDATE PERFORMANCE		15.25%

Performance Indicator	Asset management Co.	Manager	Result
Performance	CCR AM	F. Foy, R. Lahoste & E. Regnier	14.01%
Volatility	Sycomore AM	S. de Bailliencourt & E. de Sinety	4.95
Sharpe Ratio	CCR AM	F. Foy, R. Lahoste & E. Regnier	1.64
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-5.33%
	AVERAGE MANDATE PERFORMANCE		5.78%

Performance Indicator	Asset management Co.	Manager	Result
Performance	TOBAM	Team Managed	6.73%
Max Drawdown	TOBAM	Team managed	-3.08%
ESG	Allianz GI	C. Clet-Messadi & C. Garrigues	74/100
Environment	Allianz GI	C. Clet-Messadi & C. Garrigues	74/100
Social	ECOFI Investissements	T. Boisseau	75/100
Governance	Petercam	Team managed by Lieven Op De Beeck, Didier Van De Veire & Guy Lerminiaux	73/100
	EUROSTOXX N.R. PERFORMANCE		3.26%
	AVERAGE MANDATE PERFORMANCE		3.40%
*SRI Europe Equities mandate rankings are Since Inception