Top-Performing Managers of Composite U.S. Stock, 4th Quarter 2011
| Top 10 managers: one-year return | Category | Gross return | Net return |
| J.P. Morgan Special Sit. Prop. | US SA Real Estate | 23.56 | 21.51 |
| Invesco Master LP | US SA Equity Energy | 20.08 | 18.90 |
| Logan Capital Conc. Value | US SA Large Value | 19.72 | 18.75 |
| 12th Street Small Cap Value | US SA Small Blend | 19.64 | 18.50 |
| Miller/Howard Distr./Merg. Utils, | US SA Utilities | 19.62 | 16.13 |
| Energy Infras. and MLP Inc. Strat. | US SA Equity Energy | 19.34 | 17.45 |
| Salient MLP Separate Accounts | US SA Equity Energy | 18.66 | 17.54 |
| Westwood MLP Infras. Renewal | US SA Equity Energy | 18.34 | 18.14 |
| Kayne Anderson Sm. Cap Sustain | US SA Small Growth | 18.05 | 16.92 |
| Miller/Howard Inc.-Eq. Strat. No MLPs | US SA Large Value | 17.39 | 13.96 |
| Top 10 managers: five-year return | Category | Gross return | Net return |
| 12th Street Small Cap Value | US SA Small Blend | 28.29 | 27.05 |
| 12th Street Asset Opportunity | US SA Small Blend | 23.01 | 21.87 |
| Invesco Master Limited Partnership | US SA Equity Energy | 18.81 | 17.65 |
| Salient MLP Separate Accounts | US SA Equity Energy | 18.49 | 18.42 |
| AIS TAAP | US SA Equity Precious Metals | 17.14 | 16.01 |
| Tortoise Midstream MLP Sep. Accts. | US SA Equity Energy | 15.26 | 14.18 |
| Eagle Global MLP Composite | US SA Equity Energy | 14.75 | 13.39 |
| TCIA Equity Yield Focus | US SA Equity Energy | 14.33 | 13.06 |
| Fiduciary Asset MLPs | US SA Equity Energy | 13.99 | 12.95 |
| Westwood MLP Infras. Renewal | US SA Equity Energy | 13.61 | 13.39 |
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