Large Cap Growth Managed Account Overview Overview The Large Cap Growth Managed Account strategy seeks to produce long-term, excess returns vs. the Russell 1000 Growth Index on a risk-adjusted basis over a full market cycle (at least 5 years) through bottom-up stock selectionView factsheet Primary BenchmarkRussell 1000 Growth IndexPortfolio Management Aziz Hamzaogullari Chief Investment Officer, Founder, Growth Equity Strategies Team Read bio Strategy Highlights Active management with a long-term, private equity approach to investingHigh active share: typically greater than 80%*Low turnover (typically 0 - 25% annualized)Seven-step research framework focuses on quality, growth and valuationHigh-conviction portfolio of typically 30 to 40 stocksLooks to identify high-quality companies–those with difficult-to-replicate business modelsTeam must view growth as sustainable and profitableStock values are modeled and regularly updated based on our four valuation scenarios: Best, Base, Bear and WorstSeeks to create a margin of safety by investing only when company is selling meaningfully below the team’s estimate of intrinsic valueActive risk management defines risk as a permanent loss of capital, not tracking error or short-term relative underperformanceBottom-up stock selection drives excess returns Learn More About the Team Explore more about the team’s philosophy, offerings, and insights.Learn More *Active share indicates the proportion of the portfolio’s holdings (by market value) that are different than the benchmark. A higher active share indicates a larger difference between the benchmark and the portfolio. Performance Primary Benchmark: Russell 1000 Growth Index Year-to-Date Performance as of 2/21/2024 Class NA N/A Month-End Performance as of -1/-1/-1Cumulative Total ReturnClass NA3 monthN/AYear-to-dateN/AAverage Annualized Total ReturnClass NAInception DateN/ASince InceptionN/AQuarter-End Performance as of -1/-1/-1Cumulative Total ReturnClass NA3 monthN/AYear-to-dateN/AAverage Annualized Total ReturnClass NAInception DateN/ASince InceptionN/A Gross Expense Ratio: (I) NA; Net Expense Ratio: (I) NA Lipper Ranking as of -1/-1/-1 1 Year/3 Years/5 Years/10 Years/Lipper Category: NAMorningstar Ranking as of -1/-1/-1 1 Year/3 Years/5 Years/10 Years/Morningstar Category: NALipper and Morningstar rankings are based on total returns calculated by each ranking entity. Rankings do not take into account sales charges, if applicable, but include reinvestment of dividends and capital gains, if any. Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of, future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.Lipper Analytical Services Inc., a Thomson Reuters Company, is a nationally recognized organization that provides performance information for mutual funds. Copyright 2024 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.© 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Monthly Characteristics Monthly as of -1/-1/-1 Duration Distribution @ERROR% Sector Distribution (Fixed) * 0.0% Country Distribution @ERROR% Maturity Distribution @ERROR% 1 Quarterly Characteristics Quarterly as of -1/-1/-1 Duration DistributionFundIndex @ERROR%@ERROR% Sector Distribution (Fixed) *FundIndex 0.0%0.0% 0.0%0.0% Country DistributionFundIndex @ERROR%0.0% Maturity DistributionFundIndex @ERROR%@ERROR% 1 Holdings Top 10 holdings may not be representative of current or future holdings and will evolve over time.