PSN Top Guns Manager of the Decade. As of 12/31/2020.

Criteria: The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. PSN Top Guns investment managers must claim that they are GIPS compliant. Products must have an r-squared of 0.80 or greater relative to the style benchmark for the ten-year period ending DECEMBER 31, 2020. Moreover, products must have returns greater than the style benchmark for the ten-year period ending DECEMBER 31, 2020 and also standard deviation less than the style benchmark for the ten-year period ending DECEMBER 31, 2020. At this point, the top ten performers for the latest ten-year period ending DECEMBER 31, 2020 become the PSN Top Guns Manager of the Decade.

PSN Top Guns 6 Star Category. As of 12/31/2020.

6 STAR CATEGORY: The peer groups were created using the information collected through the PSN investment manager questionnaire and uses only gross of fee returns. PSN Top Guns investment managers must claim that they are GIPs compliant. Products must have an r-squared of 0.80 or greater relative to the style benchmark for the recent five year period. Moreover, products must have returns greater than the style benchmark for the three latest three-year rolling periods. Products are then selected which have a standard deviation for the five year period equal or less than the median standard deviation for the peer group. The top ten information ratios for the latest five-year period then become the TOP GUNS.