Common use of PERFORMANCE BENCHMARKS Clause in Contracts

PERFORMANCE BENCHMARKS. The market benchmark for measuring investment performance over a market cycle for the Adviser is a composite index of a 65% allocation to the STANDARD & POOR'S 500 INDEX, a 25% allocation to the LEHM▇▇ ▇▇▇G-TERM TREASURY INDEX, and a 10% allocation to the 91-DAY TREASURY BILL. ▇▇is benchmark will measure the Adviser's performance net of Adviser fees.

PERFORMANCE BENCHMARKS. The market benchmark for measuring investment performance over a market cycle for the Adviser is a composite index of blended stock/cash benchmark represented by a 6560% allocation to the STANDARD & POOR'S 500 INDEX, a 25% allocation to the LEHM▇▇ ▇▇▇G-TERM TREASURY INDEX, INDEX and a 1040% allocation to the 91-DAY TREASURY BILLT-BILL RATE. ▇▇is This benchmark will measure the Adviser's performance net of Adviser fees.