Top-Performing Managers of Emerging Markets Equity Composites, 4th Quarter 2011
| Top 10 managers: one-year return | Category | Gross return | Net return |
| Boyd Watterson International Equity | US SA Diversified Emerging Mkts | -9.78 | -10.28 |
| ClariVest Emerging Markets | US SA Diversified Emerging Mkts | -10.75 | -11.59 |
| Burgundy Emerging Markets | US SA Diversified Emerging Mkts | -10.85 | -10.85 |
| Mondrian Focused Emg. Markets | US SA Diversified Emerging Mkts | -10.95 | -11.72 |
| Mondrian Emerging Markets Eq. | US SA Diversified Emerging Mkts | -11.13 | -12.11 |
| Westwood Global Emg. Mkts. Comp. | US SA Diversified Emerging Mkts | -11.62 | -12.43 |
| WGI Specialized Emg. Mkts. Comp. | US SA Diversified Emerging Mkts | -11.88 | -12.32 |
| LA Capital Emerging Markets Equity | US SA Diversified Emerging Mkts | -12.38 | -13.18 |
| Wasatch Emg. Mkts. Sm. Cap SA | US SA Diversified Emerging Mkts | -12.38 | -13.77 |
| Baillie Gifford Emg. Mkt. Lead Co. | US SA Diversified Emerging Mkts | -13.23 | -13.96 |
| Top 10 managers: five-year return | Category | Gross return | Net return |
| Westwood Global Emg. Mkts. Comp. | US SA Diversified Emerging Mkts | 10.22 | 9.27 |
| LSV Asset Emg. Mkts. Value Eq. | US SA Diversified Emerging Mkts | 7.92 | 6.89 |
| ClariVest Emerging Markets | US SA Diversified Emerging Mkts | 7.53 | 6.47 |
| OFII Emerging Markets Equity | US SA Diversified Emerging Mkts | 6.87 | 5.85 |
| Berkeley Street Emg. Mkts. Equity | US SA Diversified Emerging Mkts | 6.66 | 5.22 |
| Mondrian Emerging Markets Eq. | US SA Diversified Emerging Mkts | 6.62 | 5.52 |
| DCM Emerging Markets Equity | US SA Diversified Emerging Mkts | 6.27 | 5.20 |
| Fisher Emerging Markets Equity | US SA Diversified Emerging Mkts | 6.16 | 5.58 |
| Brandes Emerging Markets Equity | US SA Diversified Emerging Mkts | 5.56 | 4.59 |
| Mondrian Focused Emg. Markets | US SA Diversified Emerging Mkts | 5.33 | 4.37 |
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