Aviva Investors is a global asset management organization dedicated to building and providing focused investment solutions for clients, which include local government organizations, foundations and endowments, insurance companies, and corporate pensions.

With assets under management in excess of $370 billion across a range of fixed income, real estate, equity, money market and alternative funds, our clients benefit not only from our unique access to, and experience of, local markets but also from the availability of considerable global resources.

Aviva Investors combines the resources of several long-established asset management businesses owned by Aviva plc, bringing them together in a unified, global management structure. Aviva plc is a corporation headquartered in the UK, with shares publicly traded on the London Stock Exchange and corresponding American Depository Receipts (ADRs) traded on the New York Stock Exchange (ticker symbol AV). Aviva plc was created following the merger of CGU (Commercial General Union) and Norwich Union in May 2000 but its roots can be traced back over 300 years.

We are a significant business, employing over 1,380 people, including 439 investment professionals, in 14 countries and 20 locations around the world.

Aviva Investors North America History

The responding firm, Aviva Investors North America, Inc., was incepted and began managing assets in December 1997 in Des Moines, Iowa, under the name of AmerUs Capital Management, Inc. Aviva plc acquired AmerUs Capital Management, Inc. in November of 2006.

In January of 2009, for GIPS reporting purposes, Aviva Investors North America, Inc. combined with another of Aviva’s asset management affiliates, Aviva Investors Canada Inc. In February 2010, Aviva Investors further expanded in North America with the acquisition of River Road Asset Management (River Road), based in Louisville, KY. The acquisition supported the expansion of our institutional asset management business by combining our existing expertise in fixed income with River Road’s equity investment capability. Today, these three entities make up our firm definition for AINA.

Galliard Capital Management Stable Value and Fixed Income Management Specialists

Galliard Capital Management is a registered investment advisory firm that specializes in stable value management. Galliard currently manages over $67 billion in assets under management for more than 220 institutional clients.

Leading Investment Performance through a Conservative Approach

Galliard’s time-tested framework for structuring and managing stable value portfolios, with its focus on high quality, broad diversification, and stringent risk control, continues to produce consistently superior investment results without surprises.

Experience, Expertise and Specialization

With financial markets continuing to evolve, stable value investing has become increasingly more complex. As a result, the successful management of stable value portfolios demands much greater capabilities today, than in the past.

With over two decades of experience managing stable value and fixed income portfolio, Galliard’s senior professionals have the specialized knowledge and technical expertise to develop sound strategies appropriate for the role of stable value in defined contribution plans.

Our team combines a strong long-term track record of fixed income investing with extensive experience structuring and negotiating wrap contracts. This integrated approach provides the necessary components for building optimal solutions.

Experience matters – especially in this challenging environment. Stable value investing is, and always has been, Galliard’s core area of specialization.

Client Focused, Solution Based Approach

A strong relationship with our clients is our top priority. We are highly responsive, maintain regular ongoing communications, and keep clients informed of key developments in fast changing markets. Galliard’s senior professionals work closely with clients to gain a thorough understanding of their Plan and existing portfolio before tailoring a portfolio strategy specifically for each client’s unique situation.

Fixed Income Style Ideally Suited for Stable Value

Stable value portfolio performance is ultimately driven by the investment performance of the underlying fixed income portfolios. The paramount objectives of Galliard’s fixed income philosophy and process are to control risk and generate income, which is the perfect fit for stable value. We are value investors. We do not chase yield or engage in aggressive trading strategies, which can unnecessarily create crediting rate and/or market/book value volatility.

Reasons Clients Choose Galliard for their Stable Value Management Needs Include:

• Tailored solutions to meet each client’s specific needs
• Consistent superior investment performance
• Over two decades of experience specializing in stable value
• A fixed income investment philosophy that is the perfect fit for stable value
• Relationships with senior professionals of the firm

Organization

Morley Financial was founded in 1982 and began managing its first discretionary stable value account in February 1984. Morley has focused almost exclusively on managing stable value assets for our institutional client base since our inception. Investment management services are provided by Morley Capital Management, Inc., a subsidiary of Morley Financial Services, Inc. Trust services are provided through our affiliated trust company, Union Bond & Trust Company, which is a wholly- owned subsidiary of Morley Financial Services, Inc. Morley provides stable value investment services to corporate, government and Taft-Hartley pension plans through collective funds and separately managed portfolios, and offers advisory services to banks and other financial institutions.

Philosophy and Process

We believe the best way to help our Stable Value clients achieve their investment goals of capital preservation, liquidity and consistent positive returns is through the diligent application of three factors: a disciplined investment process that combines top-down macroeconomic research with fundamental bottom-up security analysis, a focus on high-quality securities and a commitment to risk management. Morley has a long and successful track record of meeting our clients’ objectives by adhering to this investment philosophy.

Resources

Morley employs a team approach to stable value portfolio management and client service. Our value is driven by the strength of the entire investment team, our proven, consistent investment process, and our expertise and experience in complex stable value matters. Morley Financial Services, Inc. has been dedicated to offering stable value solutions to clients for over 25 years and is one of the nation’s oldest stable value managers.

The experience, success and commitment we have to the stable value market place, has allowed Morley to build many long‐standing relationships across the industry. Throughout our history we have maintained a conservative philosophy that has enabled our clients to navigate all phases of the economic cycle, including one of the most difficult on record. Our stable value clients know they can depend on Morley to provide a consistent return while preserving their capital.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $784 billion of assets under management as of December 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/