Top performing managers by category: separate accounts, 1st Quarter 2020




Large Blend1 year gross return1 year net return
Crawford Inv Counsel Core Equity18.4618.23
Advisor Partners Active Tax US All Cap16.3015.74
BFM High Quality Dividend Appreciation6.345.49
Profit Inv Mgt (PIM) Profit Social3.973.48
AGFiQ Hedged Equity2.302.30
Euclid Advisory Large Cap Growth0.47-0.73
GCI Select Equity0.16-0.92
SaratogaRIM Large Cap Quality-0.57-1.09
Fundamentum Global Individual Equity-0.96-1.25
Fayez Sarofim & Co. Large Cap Equity-1.06-1.31
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Blend5 year gross return5 year net return
Euclid Advisory Large Cap Growth13.9912.58
Crawford Inv Counsel Core Equity10.9610.71
Advisor Partners Active Tax US All Cap11.2810.65
GMO Quality Strategy10.049.49
SaratogaRIM Large Cap Quality Focus9.969.36
Stance Equity10.349.35
BFM High Quality Dividend Appreciation9.919.11
VanEck Morningstar Wide Moat9.518.99
Mellon Dynamic US Equity Composite9.468.96
PanAgora Defensive US Eq Low Volatility9.218.92
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Blend1 year gross return1 year net return
Crawford SMID Cap Equity12.2111.87
Triboro All Cap-5.07-5.07
Day Hagan/Ned Davis Rsch Smart Sector-6.62-7.35
BCM U.S. Smart Beta Sector Rotation-6.65-8.05
HIS Horizon Enh Socially Responsible-7.22-8.46
Janus Henderson US Opportunistic Alpha-8.15-8.75
The London Co Mid Cap-8.50-8.85
The London Co SMID-8.68-9.37
WST Momentum Opportunities Risk-Managed-9.39-10.26
Clarkston Capital Mid Cap Composite-10.20-10.46
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Blend5 year gross return5 year net return
Crawford SMID Cap Equity8.918.72
The London Co Mid Cap6.065.63
TrimTabs All Cap US Free Cash Flow5.995.31
EARNEST Mid Cap Core6.345.27
Clarkston Capital Mid Cap Composite4.894.50
BTW Mid Cap Equity5.234.34
Morgan Dempsey Midcap Institutional5.254.25
Parnassus Mid Cap Composite4.804.05
River Road Focused Absolute Value Comp4.504.01
Bahl & Gaynor - Small/Mid Cap Income Gr4.043.67
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Blend1 year gross return1 year net return
Crawford Small Cap Equity10.389.62
Harvey Partners Long Only Equity6.275.24
Ironwood Micro Cap-10.77-11.65
Ironwood Inv Mgt Small Cap Core-11.38-12.27
Burgundy US Small Cap Value Composite-11.74-12.63
Investment Management of Virginia Sm Cap-14.76-15.21
Paradigm Capital Mgt Small Mid Cap-14.50-15.21
Fuller & Thaler Behavioral Small-Cap Eq-14.71-15.28
Sit Inv Small Cap Dividend Growth-14.49-15.36
Calvert Small Cap Core Strategy-15.29-15.97
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Blend5 year gross return5 year net return
Crawford Small Cap Equity9.608.78
Burgundy US Small Cap Value Composite5.734.68
EARNEST Small Cap Core4.523.48
Calvert Small Cap Core Strategy4.173.37
Paradigm Capital Mgt Small Mid Cap3.953.13
River Road Small-Mid Cap Val Eq Comp3.512.84
River Road Small Cap Value Eq Composite3.492.63
Segall Small Cap Value Select2.822.37
Martingale Low Volatility SmallCap+3.212.30
WCM Focused Small Cap2.552.27
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Growth1 year gross return1 year net return
Zevenbergen Growth Equity11.4811.11
LEIA CBI9.899.89
Peregrine Capital Mgt Large Cap Growth9.729.27
Dana Unconstrained Fundamental Equity9.108.52
Baron High Growth Strategy8.927.86
Westfield Select Growth Equity8.507.70
Ivy Focused Growth Model Portfolio6.966.64
Ivy Large Cap Growth Concentrated Cmp7.086.27
GLOBALT Large Cap Core Growth6.266.26
Slow Capital Growth5.845.47
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Growth5 year gross return5 year net return
Peregrine Capital Mgt Large Cap Growth17.5817.09
Morgan Stanley Insight17.3716.21
Baillie Gifford US Equity Growth15.3614.78
LEIA CBI14.4814.48
Zevenbergen Growth Equity14.5014.11
Morgan Stanley Growth14.3513.51
Baron High Growth Strategy14.4013.31
Polen Focus Growth13.8213.28
Edgewood Mgt Lg-Cap Gr14.2213.26
Slow Capital Growth13.5113.11
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Growth1 year gross return1 year net return
APS Equity Strategy Composite19.1217.95
Night Owl All Cap11.8210.56
Kayne Anderson Rudnick SMID Growth7.556.59
Kayne Anderson Rudnick Mid Sustain Gr6.856.07
TimesSquare FOCUS Growth Equity4.933.87
Riverbridge Eco Leaders Portfolio3.753.10
Morgan Stanley Discovery3.532.69
Riverbridge All Cap Growth2.751.95
Princeton Sector Select Composite2.631.36
Kayne Anderson Rudnick SMID Core2.181.26
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Growth5 year gross return5 year net return
APS Equity Strategy Composite25.4824.25
ARK Disruptive Innovation16.3816.15
Night Owl All Cap15.7614.44
Kayne Anderson Rudnick Mid Sustain Gr14.5213.69
Kayne Anderson Rudnick Small Cap Core12.9611.86
Riverbridge Eco Leaders Portfolio11.5110.73
Morgan Stanley Discovery11.5310.62
Riverbridge All Cap Growth11.3110.43
DF Dent Mid Cap Growth11.0010.39
BlackRock Md-Cap Gr Eq10.8110.06
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Growth1 year gross return1 year net return
TFCM Israeli Innovation5.984.90
Texas Inst Small Cap Growth3.353.35
Azzad Small Cap Growth1.01-0.41
Axiom US Small Cap Equity Strategy-1.60-2.43
Alger Small Cap Growth Composite-1.66-2.50
Artisan U.S. Small-Cap Growth-1.99-2.97
OFI Global Small Cap Growth-2.51-3.11
Kayne Anderson Rudnick SC Sustain Growth-3.78-4.73
Polen International Small Company Growth-4.15-5.10
Putnam US Small Cap Growth Equity-4.58-5.34
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Growth5 year gross return5 year net return
Azzad Small Cap Growth19.0217.76
Granahan Inv Mgt - Sm Cap Focused Grth17.9017.07
Kayne Anderson Rudnick SC Sustain Growth17.5516.41
Next Century Growth Micro Cap Growth12.5211.78
Alger Small Cap Focus SMA Composite11.6111.47
Weatherbie Capital – Spec Gr Eq12.1411.28
Alger Small Cap Focus Composite12.1011.27
Wasatch Small Cap Ultra Growth Composite12.1911.09
Brown Capital Small Company11.5610.61
Ashford Small Company Growth11.3810.59
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Value1 year gross return1 year net return
Crawford Inv Counsel Dividend Growth14.8614.47
Crawford Inv Counsel Dividend Yield11.9211.54
Alpha Quant SmartALPHA® Defensive Val2.761.64
MFG US Sustainable Composite1.190.38
DCM Value Creators-US Large Cap-0.44-0.94
Seizert Capital Partners Core Equity-1.18-1.66
Fairfax Large Cap Core-0.40-1.89
Loomis Sayles Strategic Alpha-2.64-3.03
Braver Dividend Income-3.53-4.99
Cambiar Large Cap Value-4.98-5.50
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Value5 year gross return5 year net return
Crawford Inv Counsel Dividend Growth9.338.88
PGFG Concentrated Equity8.937.85
Crawford Inv Counsel Dividend Yield8.037.57
Seizert Capital Partners Core Equity7.486.97
GLOBALT Equity Income7.216.74
Braver Dividend Income8.056.64
Hillman Advantage Value Equity SMA7.546.55
Madison Dividend Income7.306.55
Columbia Dividend Value7.206.53
Conning High Dividend Equity6.786.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Value1 year gross return1 year net return
SIP U.S. Focused Total Return Tax 15.525.52
SIP U.S. Focused Total Return Muni CA 13.113.11
Longfellow Merger Arb3.512.98
SIP U.S. Focused Total Return Tax 21.111.11
SIPP U.S. Focused Total Return Tax 21.020.98
SIP U.S. Focused Total Return Muni CA 2-1.95-1.95
SIP U.S. Focused Total Return Tax 3-2.39-2.39
SIPP U.S. Focused Total Return Tax 3-2.38-2.41
SIPP U.S. Focused Total Return Tax 4-4.30-4.32
SIP U.S. Focused Total Return Tax 4-4.34-4.34
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Value5 year gross return5 year net return
MAP US Multi-Cap Value Composite9.388.30
Nuance Mid Cap Value Separate Account8.007.28
Longfellow Merger Arb5.674.71
AJO Managed Volatility3.753.63
DOMO Concentrated All Cap Value4.973.21
Silvercrest U.S. Multi Cap Value3.572.81
Anchor Mid Cap Value Institutional3.252.54
Azzad Mid Cap Value3.602.46
Shapiro Capital Mgt All Cap Value3.292.30
AllianzGI Mid Cap Value 1002.851.98
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Value1 year gross return1 year net return
Heartland Small-Cap Value Plus Strategy-14.53-15.14
Ballast Quality Value SmallCap-16.04-16.87
Azzad Small Cap Value-16.83-18.08
Walthausen & Co Select Value Composite-18.68-19.12
Brandes U.S. Small Cap Value Equity-19.00-19.75
Rice Hall James Small Cap Value Equity-22.61-22.79
Penn Capital Small Cap Value Equity-22.91-23.18
Mesirow SMID Cap Value Equity-23.41-23.99
DePrince, Race & Zollo, Micro Cap Val-23.43-24.18
Runde Small-Cap Value-23.41-24.21
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Value5 year gross return5 year net return
Azzad Small Cap Value4.112.97
DePrince, Race & Zollo, Micro Cap Val3.142.12
Heartland Small-Cap Value Plus Strategy0.920.10
Brandes U.S. Small Cap Value Equity0.87-0.06
Perkins US Small Cap Value0.79-0.11
CornerCap Fundametrics SMID Cap Equity0.84-0.17
WFAM Special US Small Cap Value Eq0.55-0.45
Franklin US Small Cap Value Equity0.37-0.49
Walthausen & Co Select Value Composite0.05-0.51
Symons Small Cap Value-0.02-0.87
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Bear Market1 year gross return1 year net return
Triboro Alternative12.9212.92
Federated Alternative Bear Equity Comp6.134.81
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Bear Market5 year gross return5 year net return
Federated Alternative Bear Equity Comp-7.10-8.40
Triboro Alternativen/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Financial1 year gross return1 year net return
Manole Fin Tech-4.64-5.61
Penn Capital FinTech Catalyst-6.08-6.29
Kennedy Bank Sector-27.19-27.89
McKinley Capital Business Development Co-34.83-35.68
Confluence BDC-Wrap-38.61-39.59
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Financial5 year gross return5 year net return
Manole Fin Tech11.1310.03
Penn Capital FinTech Catalyst8.388.13
McKinley Capital Business Development Co-4.55-5.74
Confluence BDC-Wrap-4.87-6.29
Kennedy Bank Sectorn/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Health1 year gross return1 year net return
ARK Genomic Revolution-0.63-1.38
Janus Henderson Global Life Sciences-2.43-3.07
Financial Trust Health Value-13.72-14.79
Gerstein Fisher Cancer Research Strategy-17.12-17.45
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Health5 year gross return5 year net return
ARK Genomic Revolution8.938.12
Janus Henderson Global Life Sciences4.043.36
Financial Trust Health Value-2.09-3.30
Gerstein Fisher Cancer Research Strategyn/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Natural Resources1 year gross return1 year net return
Cohen & Steers Natural Resources-24.60-25.11
Financial Trust Global Resources-25.33-26.26
GMO Resources Strategy-29.94-30.43
Mellon Global Natural Resources-32.05-32.54
VanEck Global Hard Assets Composite-39.16-39.61
Wellington Global Natural Resources-40.95-41.56
Jennison Global Natural Resources-42.59-43.02
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Natural Resources5 year gross return5 year net return
GMO Resources Strategy1.851.17
Cohen & Steers Natural Resources-2.33-2.94
Mellon Global Natural Resources-6.08-6.81
Wellington Global Natural Resources-6.10-7.04
Financial Trust Global Resources-9.35-10.48
Jennison Global Natural Resources-12.36-12.82
VanEck Global Hard Assets Composite-13.63-14.30
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Equity Precious Metals1 year gross return1 year net return
GAMCO Gold5.804.75
WFAM Precious Metals5.254.25
VanEck Gold Composite2.571.87
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Equity Precious Metals5 year gross return5 year net return
GAMCO Gold6.375.31
VanEck Gold Composite5.805.08
WFAM Precious Metals5.684.68
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Real Estate1 year gross return1 year net return
Adelante NewCORE Strategy-2.28-3.01
Azzad REITs-2.61-4.03
WFAM PMV REIT Equity-6.49-7.19
Neuberger Berman REIT-6.81-7.50
Chilton Capital REIT-8.55-9.29
Cohen & Steers US Realty Focus-10.56-11.21
Cohen & Steers US Realty TR SMA-11.75-12.42
Cohen & Steers US Realty Total Return-11.72-12.44
PGI Real Estate Equity Securities-13.04-13.49
Sterling Stratton Real Estate Composite-13.03-13.58
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Real Estate5 year gross return5 year net return
Cohen & Steers US Realty Focus5.744.89
Azzad REITs5.764.61
WFAM PMV REIT Equity5.014.23
Neuberger Berman REIT4.473.70
Chilton Capital REIT3.472.59
Cohen & Steers US Realty TR SMA3.202.43
PGI Real Estate Equity Securities2.962.41
Cohen & Steers US Realty Total Return3.212.37
Sterling Stratton Real Estate Composite2.852.23
Ranger Global Real Estate2.481.67
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Technology1 year gross return1 year net return
Janus Henderson Gbl Tech and Innovation7.216.51
Columbia Global Technology Growth5.184.13
Ivy Science & Technology Model Portfolio4.343.98
Ivy Science/Technology Composite4.033.14
Wellington Global Technology3.853.08
MFS Technology Equity3.542.73
Wellington Global Technology Opps3.032.25
ARK Next Generation Internet2.771.99
BNP Paribas Gbl Innovative Tech Equities2.531.51
J.P. Morgan US Technology Leaders - MA1.891.51
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Technology5 year gross return5 year net return
ARK Next Generation Internet24.3223.40
J.P. Morgan US Technology Leaders - MA17.6017.17
Janus Henderson Gbl Tech and Innovation17.5216.76
Zevenbergen Genea Growth17.8216.76
Columbia Global Technology Growth17.4316.28
MFS Technology Equity16.4815.62
RS Science And Technology Composite15.9814.83
AllianzGI Global Technology Equity15.6514.62
Wellington Global Technology Opps15.1814.32
Wellington Global Technology15.0114.16
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Utilities1 year gross return1 year net return
BB Income Growth0.12-1.87
Miller/Howard – Utilities Plus-7.08-8.01
MFS Utilities Equity-7.50-8.10
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Utilities5 year gross return5 year net return
BB Income Growth8.916.76
Miller/Howard – Utilities Plus6.345.29
MFS Utilities Equity3.292.62
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Equity Energy1 year gross return1 year net return
Tortoise Energy Evolution Composite-29.40-29.99
Miller/Howard Drill Bit Burn Tip® No K1s-39.47-40.10
Drill Bit to Burner Tip® No K1s SMA-41.17-43.00
Miller/Howard Drill Bit Burn Tip®-44.96-45.54
Miller/Howard Drill Bit Burner Tip® SMA-45.53-47.24
Orleans Energy Opportunities-52.20-52.71
Ivy Energy Model Portfolio-64.40-64.54
Ivy Energy Composite-64.79-65.09
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Equity Energy5 year gross return5 year net return
Miller/Howard Drill Bit Burn Tip® No K1s-8.75-9.67
Tortoise Energy Evolution Composite-10.03-10.85
Miller/Howard Drill Bit Burn Tip®-10.77-11.66
Drill Bit to Burner Tip® No K1s SMA-9.28-11.99
Miller/Howard Drill Bit Burner Tip® SMA-10.98-13.64
Ivy Energy Composite-16.88-17.52
Orleans Energy Opportunities-22.70-23.49
Ivy Energy Model Portfolion/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Aggressive Allocation1 year gross return1 year net return
iSectors Post-MPT Growth Allocation5.754.91
Braver Growth Multi Strategyn/an/a
Bartlett & Co. Socially Responsible Bal0.14-0.38
Nuveen Stable Gr Bal Advsr Spnsrd2.30-0.73
Atalanta Sosnoff Balanced-0.24-0.77
C.J. Lawrence Balanced Strategy-1.32-2.71
Congress Asset Mgt Multi-Cap Balanced-3.15-3.55
Peavine Capital Aggressive-3.74-4.05
Zevin Global Appreciation-3.75-4.31
RBA Global Aggressive ETF-4.35-4.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Aggressive Allocation5 year gross return5 year net return
Atalanta Sosnoff Balanced6.405.81
Clark Navigator MultiStrategy 75-255.585.58
Calamos US Opportunities Composite6.175.46
iSectors Post-MPT Growth Allocation6.165.36
C.J. Lawrence Balanced Strategy6.475.20
Nuveen Stable Gr Bal Advsr Spnsrd8.215.03
SMART Portfolio-Mod Agg-American Core4.554.55
RBA Global Aggressive ETF4.524.52
Braver Growth Multi Strategy5.384.48
SMART Portfolio-Mod Agg-iShares (AAF)4.174.17
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Bank Loan1 year gross return1 year net return
PGI Bank Loans-2.44-2.89
MacKay Shields Leveraged Loan Comp-3.82-4.31
TCW Bank Loans-4.51-5.03
Pacific Corporate Bank Loan Composite-4.90-5.40
MacKay Hi Yld Floating Rate Composite-5.18-5.71
Octagon Senior Secured Credit-5.55-6.17
Post Senior Loan Composite-5.80-6.27
Stone Harbor Leveraged Loans-6.23-6.49
Eaton Vance Mgt Senior Secured Floating-6.14-6.59
T. Rowe Price Floating Rate Bank Loan-6.51-7.00
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Bank Loan5 year gross return5 year net return
Octagon Senior Secured Credit3.302.63
Pacific Corporate Bank Loan Composite2.782.57
MacKay Hi Yld Floating Rate Composite2.822.22
Eaton Vance Mgt Senior Secured Floating2.542.06
MacKay Shields Leveraged Loan Comp2.381.87
TCW Bank Loans2.311.74
T. Rowe Price Floating Rate Bank Loan2.081.57
Federated Bank Loan Composite2.021.52
Post Senior Loan Composite1.931.43
PGI Bank Loans1.951.43
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Value1 year gross return1 year net return
Heartland Small-Cap Value Plus Strategy-14.53-15.14
Ballast Quality Value SmallCap-16.04-16.87
Azzad Small Cap Value-16.83-18.08
Walthausen & Co Select Value Composite-18.68-19.12
Brandes U.S. Small Cap Value Equity-19.00-19.75
Rice Hall James Small Cap Value Equity-22.61-22.79
Penn Capital Small Cap Value Equity-22.91-23.18
Mesirow SMID Cap Value Equity-23.41-23.99
DePrince, Race & Zollo, Micro Cap Val-23.43-24.18
Runde Small-Cap Value-23.41-24.21
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Value5 year gross return5 year net return
Azzad Small Cap Value4.112.97
DePrince, Race & Zollo, Micro Cap Val3.142.12
Heartland Small-Cap Value Plus Strategy0.920.10
Brandes U.S. Small Cap Value Equity0.87-0.06
Perkins US Small Cap Value0.79-0.11
CornerCap Fundametrics SMID Cap Equity0.84-0.17
WFAM Special US Small Cap Value Eq0.55-0.45
Franklin US Small Cap Value Equity0.37-0.49
Walthausen & Co Select Value Composite0.05-0.51
Symons Small Cap Value-0.02-0.87
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Value1 year gross return1 year net return
SIP U.S. Focused Total Return Tax 15.525.52
SIP U.S. Focused Total Return Muni CA 13.113.11
Longfellow Merger Arb3.512.98
SIP U.S. Focused Total Return Tax 21.111.11
SIPP U.S. Focused Total Return Tax 21.020.98
SIP U.S. Focused Total Return Muni CA 2-1.95-1.95
SIP U.S. Focused Total Return Tax 3-2.39-2.39
SIPP U.S. Focused Total Return Tax 3-2.38-2.41
SIPP U.S. Focused Total Return Tax 4-4.30-4.32
SIP U.S. Focused Total Return Tax 4-4.34-4.34
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Value5 year gross return5 year net return
MAP US Multi-Cap Value Composite9.388.30
Nuance Mid Cap Value Separate Account8.007.28
Longfellow Merger Arb5.674.71
AJO Managed Volatility3.753.63
DOMO Concentrated All Cap Value4.973.21
Silvercrest U.S. Multi Cap Value3.572.81
Anchor Mid Cap Value Institutional3.252.54
Azzad Mid Cap Value3.602.46
Shapiro Capital Mgt All Cap Value3.292.30
AllianzGI Mid Cap Value 1002.851.98
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Value1 year gross return1 year net return
Crawford Inv Counsel Dividend Growth14.8614.47
Crawford Inv Counsel Dividend Yield11.9211.54
Alpha Quant SmartALPHA® Defensive Val2.761.64
MFG US Sustainable Composite1.190.38
DCM Value Creators-US Large Cap-0.44-0.94
Seizert Capital Partners Core Equity-1.18-1.66
Fairfax Large Cap Core-0.40-1.89
Loomis Sayles Strategic Alpha-2.64-3.03
Braver Dividend Income-3.53-4.99
Cambiar Large Cap Value-4.98-5.50
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Value5 year gross return5 year net return
Crawford Inv Counsel Dividend Growth9.338.88
PGFG Concentrated Equity8.937.85
Crawford Inv Counsel Dividend Yield8.037.57
Seizert Capital Partners Core Equity7.486.97
GLOBALT Equity Income7.216.74
Braver Dividend Income8.056.64
Hillman Advantage Value Equity SMA7.546.55
Madison Dividend Income7.306.55
Columbia Dividend Value7.206.53
Conning High Dividend Equity6.786.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Growth1 year gross return1 year net return
TFCM Israeli Innovation5.984.90
Texas Inst Small Cap Growth3.353.35
Azzad Small Cap Growth1.01-0.41
Axiom US Small Cap Equity Strategy-1.60-2.43
Alger Small Cap Growth Composite-1.66-2.50
Artisan U.S. Small-Cap Growth-1.99-2.97
OFI Global Small Cap Growth-2.51-3.11
Kayne Anderson Rudnick SC Sustain Growth-3.78-4.73
Polen International Small Company Growth-4.15-5.10
Putnam US Small Cap Growth Equity-4.58-5.34
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Growth5 year gross return5 year net return
Azzad Small Cap Growth19.0217.76
Granahan Inv Mgt - Sm Cap Focused Grth17.9017.07
Kayne Anderson Rudnick SC Sustain Growth17.5516.41
Next Century Growth Micro Cap Growth12.5211.78
Alger Small Cap Focus SMA Composite11.6111.47
Weatherbie Capital – Spec Gr Eq12.1411.28
Alger Small Cap Focus Composite12.1011.27
Wasatch Small Cap Ultra Growth Composite12.1911.09
Brown Capital Small Company11.5610.61
Ashford Small Company Growth11.3810.59
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Growth1 year gross return1 year net return
APS Equity Strategy Composite19.1217.95
Night Owl All Cap11.8210.56
Kayne Anderson Rudnick SMID Growth7.556.59
Kayne Anderson Rudnick Mid Sustain Gr6.856.07
TimesSquare FOCUS Growth Equity4.933.87
Riverbridge Eco Leaders Portfolio3.753.10
Morgan Stanley Discovery3.532.69
Riverbridge All Cap Growth2.751.95
Princeton Sector Select Composite2.631.36
Kayne Anderson Rudnick SMID Core2.181.26
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Growth5 year gross return5 year net return
APS Equity Strategy Composite25.4824.25
ARK Disruptive Innovation16.3816.15
Night Owl All Cap15.7614.44
Kayne Anderson Rudnick Mid Sustain Gr14.5213.69
Kayne Anderson Rudnick Small Cap Core12.9611.86
Riverbridge Eco Leaders Portfolio11.5110.73
Morgan Stanley Discovery11.5310.62
Riverbridge All Cap Growth11.3110.43
DF Dent Mid Cap Growth11.0010.39
BlackRock Md-Cap Gr Eq10.8110.06
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Growth1 year gross return1 year net return
Zevenbergen Growth Equity11.4811.11
LEIA CBI9.899.89
Peregrine Capital Mgt Large Cap Growth9.729.27
Dana Unconstrained Fundamental Equity9.108.52
Baron High Growth Strategy8.927.86
Westfield Select Growth Equity8.507.70
Ivy Focused Growth Model Portfolio6.966.64
Ivy Large Cap Growth Concentrated Cmp7.086.27
GLOBALT Large Cap Core Growth6.266.26
Slow Capital Growth5.845.47
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Growth5 year gross return5 year net return
Peregrine Capital Mgt Large Cap Growth17.5817.09
Morgan Stanley Insight17.3716.21
Baillie Gifford US Equity Growth15.3614.78
LEIA CBI14.4814.48
Zevenbergen Growth Equity14.5014.11
Morgan Stanley Growth14.3513.51
Baron High Growth Strategy14.4013.31
Polen Focus Growth13.8213.28
Edgewood Mgt Lg-Cap Gr14.2213.26
Slow Capital Growth13.5113.11
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Blend1 year gross return1 year net return
Crawford Small Cap Equity10.389.62
Harvey Partners Long Only Equity6.275.24
Ironwood Micro Cap-10.77-11.65
Ironwood Inv Mgt Small Cap Core-11.38-12.27
Burgundy US Small Cap Value Composite-11.74-12.63
Investment Management of Virginia Sm Cap-14.76-15.21
Paradigm Capital Mgt Small Mid Cap-14.50-15.21
Fuller & Thaler Behavioral Small-Cap Eq-14.71-15.28
Sit Inv Small Cap Dividend Growth-14.49-15.36
Calvert Small Cap Core Strategy-15.29-15.97
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Small Blend5 year gross return5 year net return
Crawford Small Cap Equity9.608.78
Burgundy US Small Cap Value Composite5.734.68
EARNEST Small Cap Core4.523.48
Calvert Small Cap Core Strategy4.173.37
Paradigm Capital Mgt Small Mid Cap3.953.13
River Road Small-Mid Cap Val Eq Comp3.512.84
River Road Small Cap Value Eq Composite3.492.63
Segall Small Cap Value Select2.822.37
Martingale Low Volatility SmallCap+3.212.30
WCM Focused Small Cap2.552.27
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Blend1 year gross return1 year net return
Crawford SMID Cap Equity12.2111.87
Triboro All Cap-5.07-5.07
Day Hagan/Ned Davis Rsch Smart Sector-6.62-7.35
BCM U.S. Smart Beta Sector Rotation-6.65-8.05
HIS Horizon Enh Socially Responsible-7.22-8.46
Janus Henderson US Opportunistic Alpha-8.15-8.75
The London Co Mid Cap-8.50-8.85
The London Co SMID-8.68-9.37
WST Momentum Opportunities Risk-Managed-9.39-10.26
Clarkston Capital Mid Cap Composite-10.20-10.46
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Mid-Cap Blend5 year gross return5 year net return
Crawford SMID Cap Equity8.918.72
The London Co Mid Cap6.065.63
TrimTabs All Cap US Free Cash Flow5.995.31
EARNEST Mid Cap Core6.345.27
Clarkston Capital Mid Cap Composite4.894.50
BTW Mid Cap Equity5.234.34
Morgan Dempsey Midcap Institutional5.254.25
Parnassus Mid Cap Composite4.804.05
River Road Focused Absolute Value Comp4.504.01
Bahl & Gaynor - Small/Mid Cap Income Gr4.043.67
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Blend1 year gross return1 year net return
Crawford Inv Counsel Core Equity18.4618.23
Advisor Partners Active Tax US All Cap16.3015.74
BFM High Quality Dividend Appreciation6.345.49
Profit Inv Mgt (PIM) Profit Social3.973.48
AGFiQ Hedged Equity2.302.30
Euclid Advisory Large Cap Growth0.47-0.73
GCI Select Equity0.16-0.92
SaratogaRIM Large Cap Quality-0.57-1.09
Fundamentum Global Individual Equity-0.96-1.25
Fayez Sarofim & Co. Large Cap Equity-1.06-1.31
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Large Blend5 year gross return5 year net return
Euclid Advisory Large Cap Growth13.9912.58
Crawford Inv Counsel Core Equity10.9610.71
Advisor Partners Active Tax US All Cap11.2810.65
GMO Quality Strategy10.049.49
SaratogaRIM Large Cap Quality Focus9.969.36
Stance Equity10.349.35
BFM High Quality Dividend Appreciation9.919.11
VanEck Morningstar Wide Moat9.518.99
Mellon Dynamic US Equity Composite9.468.96
PanAgora Defensive US Eq Low Volatility9.218.92
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long/Short Equity1 year gross return1 year net return
Robinson Market Opportunity16.2715.29
PVG Dynamic Core ETF4.132.86
Nicholas Inv-US Convertible Arbitrage3.032.00
River Road Long-Short Equity1.881.01
Frontier Asset Mgmt Absolute Return1.510.38
Taxable Frontier Asset Mgmt Abs Return0.53-0.60
Wellington Hedged Alpha Opportunities-0.07-0.83
AGFiQ Core ETF Absolute Return-2.05-2.05
Acadian Glb Market Neutral Eq (Tax Sens)-1.26-2.24
Frontier Asset Mgmt Absolute Return Plus-1.27-2.37
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long/Short Equity5 year gross return5 year net return
Robinson Market Opportunity7.446.51
PVG Dynamic Core ETF5.214.05
River Road Long-Short Equity5.024.01
QMA US Core Equity Extended3.673.00
WFAM Analytic Global Long/Short Eq3.442.79
Elite Tactical Long/Short3.572.60
Quantum Hedged Equity3.372.33
Taxable Frontier Asset Mgmt Abs Ret Plus2.752.08
Epoch Global Absolute Return3.212.07
Nicholas Inv-US Convertible Arbitrage3.021.98
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Leveraged Net Long1 year gross return1 year net return
PVG Global Macro Portfolio-1.63-2.81
JPM US Large Cap Core 130/30-Composite-4.46-5.13
LA Capital U.S. Large Cap Active Exten-6.37-6.57
WFAM Analytic Core Eq Plus (SP500)-6.46-6.90
Martingale Low Volatility Lg/Shrt LgCp+-7.41-8.02
Martingale 130/30 LargeCap Growth-8.49-9.09
UBS: US Equity Opportunity Unconstrained-10.17-10.28
AQR Capital US Relaxed Constraint 40-10.19-10.73
MacKay Shields US Equity Opportunities-14.01-14.54
Martingale 130/30 LargeCap Core 500-14.13-14.69
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Leveraged Net Long5 year gross return5 year net return
Martingale Low Volatility Lg/Shrt LgCp+8.087.32
LA Capital U.S. Large Cap Active Exten7.627.27
Martingale 130/30 LargeCap Growth6.695.94
PVG Global Macro Portfolio7.085.77
JPM US Large Cap Core 130/30-Composite6.445.66
WFAM Analytic Core Eq Plus (SP500)4.784.30
AQR Capital US Relaxed Constraint 404.724.10
UBS: US Equity Opportunity Unconstrained4.194.06
Martingale 130/30 LargeCap Core 5004.393.66
MacKay Shields US Equity Opportunities4.143.52
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Market Neutral1 year gross return1 year net return
JPM US Research Market Neutral-Composite10.5510.01
Q3 Bull Cipher4.432.12
SSI Convertible Income-1.17-2.14
Cognios Market Neutral Large Cap Value-0.76-2.15
DCM Merger Arbitrage-1.88-2.37
Convergence Market Neutral-4.75-5.74
Invesco US Market Neutral Equity-6.24-6.24
Cognios Enhanced Market Neutral-7.69-7.69
Martingale Equity Market Neutral-7.11-8.04
PSI Managed Volatility-8.84-9.74
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Market Neutral5 year gross return5 year net return
JPM US Research Market Neutral-Composite3.402.53
Cognios Market Neutral Large Cap Value3.712.22
SSI Convertible Income3.212.21
Copeland Risk Managed Dividend Growth1.400.37
Invesco US Market Neutral Equity0.120.12
PSI Managed Volatility-1.65-2.62
PIMCO RAE Fundamental Advantage PLUS-2.20-3.07
Martingale Equity Market Neutral-3.15-4.12
PVG Loss Averse Equity Income-5.56-6.88
Cognios Enhanced Market Neutraln/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Stock1 year gross return1 year net return
Wellington Global Fundamental Growth AUS13.3512.52
Baillie Gifford Long Term Global Growth11.4910.70
AllianzGI Global Equity Sustainability-3.306.64
Baron Global Advantage Strategy7.446.60
Morgan Stanley Developing Opportunity6.185.49
Wellington Global Research ex-Aus6.115.33
DSM Global Focus Equity4.963.95
Artisan Global Discovery4.223.21
Kames Global Sustainable Equity3.442.64
Polen Global Growth - ADR2.792.18
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Stock5 year gross return5 year net return
Baillie Gifford Long Term Global Growth15.9815.18
Baron Global Advantage Strategy14.2813.86
Morgan Stanley Global Opportunity14.7713.60
Wellington Global Fundamental Growth AUS13.4612.61
Hardman Johnston Global Equity11.5910.81
WCM Quality Global Growth10.7310.15
Jennison Global Equity Opportunities10.719.88
SGA Global Large Cap Growth Equity10.859.87
Morgan Stanley Glbl Franchise10.309.58
T. Rowe Price Glb Focused Growth Equity10.099.43
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Value1 year gross return1 year net return
Dana International ADR-8.63-9.25
Aristotle Global Equity Advisory-10.06-10.51
Schafer Cullen Intl High Dividend-11.23-11.70
WGI Developed Markets Ex-U.S. Composite-12.01-12.47
Schafer Cullen Intl Hi Div ADR-12.54-12.89
GMO International Equity Strategy-13.38-14.01
Logan International Dividend ADR-14.04-14.30
GMO Intnl Dvlpd Eqt Allctn Strtgy-14.03-14.63
GMO Intnl All Cntry Eqt Allct Strg-14.56-15.18
Mondrian Inv Emerging Markets Wealth-14.44-15.40
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Value5 year gross return5 year net return
Aristotle Global Equity Advisory4.934.39
Acadian ACW ex-U.S. Equity Composite2.241.48
Acadian ACWI ex-US Value Composite1.200.44
Columbia International Equity1.120.30
Logan International Dividend ADR-0.07-0.43
Mondrian Int Eq SMA-0.29-0.84
Schafer Cullen Intl High Dividend-0.33-0.90
Mondrian Inv Emerging Markets Wealth0.17-0.90
American Century Non-U.S. Intrinsic Val-0.53-0.95
Mondrian Inv Focused International Eq-0.39-1.03
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Blend1 year gross return1 year net return
Int'l Alpha (ACWI Ex-US) Equities-8.78-2.27
Wellington International Dividend Growth-1.92-2.55
VMV Developed Markets ex. U.S-4.88-6.05
WCM Focused International Value-7.27-7.59
MFS International Equity-7.23-7.90
MFS International Research Equity-7.51-8.20
Acadian Non-US Focused Alpha Composite-7.53-8.37
Jarislowsky Fraser International Equity-8.06-8.62
Ariel International Equity Product (DM)-7.91-8.64
Putnam International Core Equity-8.39-9.08
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Blend5 year gross return5 year net return
Acadian Non-US Focused Alpha Composite4.923.98
Int'l Alpha (ACWI Ex-US) Equities2.463.40
AB International Strategic Core Equity2.952.39
Acadian Non-U.S. Equity Composite2.762.00
MFS International Equity2.751.91
WCM Focused International Value1.911.73
Acadian Global Sustainable Eq Composite2.281.51
T. Rowe Price Intl Disciplined Equity2.121.49
Schroders International Equity2.041.36
Acadian Non-U.S. All-Cap Equity Compst2.121.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Growth1 year gross return1 year net return
Jennison Intl Eq Opportunities Cmpst3.662.99
Sands International Growth Equity Comp.3.562.70
WCM Focused Growth International ADR1.170.70
WCM Inv Mgt Focused Growth Intl1.330.69
GQG Partners International Equity0.41-0.29
Walter Scott EAFE Composite (USD)-0.04-0.75
JPM International Growth - Composite-0.39-1.07
Baillie Gifford International Growth-0.53-1.14
ARI EAFE-0.28-1.28
MFS International Intrinsic Value Equity-2.33-3.05
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Large Growth5 year gross return5 year net return
Morgan Stanley International Advantage11.2510.07
Morgan Stanley International Opportunity10.919.78
GQG Partners International Equity8.487.71
WCM Focused Growth International ADR8.147.45
WCM Inv Mgt Focused Growth Intl8.067.38
Jennison Intl Eq Opportunities Cmpst7.406.89
Walter Scott EAFE Composite (USD)6.475.92
Lazard Global Quality Growth6.625.92
Baillie Gifford International Growth6.365.72
MFS International Intrinsic Value Equity6.335.53
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Small/Mid Value1 year gross return1 year net return
Runde Int'l Small-Cap Value-10.80-11.08
GlobeFlex International Micro Cap Cmpst-14.63-15.40
Brandes International Sm-Mid Cap Equity-18.13-18.81
DCM Global Ex-US Small Cap Structured-18.38-19.08
Rice Hall James International Small Cap-19.21-19.21
AJO International Small Cap-20.91-20.92
QMA International Small Cap Equity-20.78-21.46
SSgA International Small Cap Active-21.72-22.34
LMCG Int'l Sm Cap Eq-21.69-22.77
Brandes International Small Cap Eq-23.79-24.39
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Small/Mid Value5 year gross return5 year net return
Rice Hall James International Small Cap1.961.36
GlobeFlex International Micro Cap Cmpst1.130.22
DCM Global Ex-US Small Cap Structured0.940.08
LMCG Int'l Sm Cap Eq0.13-0.87
LSV Asset Mgt Intl Sm-Cap Val Eq-0.59-1.58
Causeway International Small Cap-0.70-1.61
QMA International Small Cap Equity-1.19-2.03
Brandes International Sm-Mid Cap Equity-1.17-2.06
SSgA International Small Cap Active-0.93-2.28
Renaissance International Small Cap Eq-3.10-3.80
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Small/Mid Growth1 year gross return1 year net return
WCM International Small Cap Growth-1.33-1.73
Wasatch Int'l Micro Cap Composite-3.52-4.82
AllianzGI International Small Cap Equity-14.56-5.74
Artisan Non-U.S. Small-Mid Growth Comp-5.56-6.56
Copeland Inter Divsfd Small Cap Div Gr-5.74-7.04
GW&K International Small Cap Strategy-6.93-7.86
Federated NonUS SmallMid Cap Equity Comp-8.51-9.35
Axiom International Small Cap Strategy-8.76-9.64
William Blair Intl Small Cap Growth-9.06-9.97
Rainier International Small Cap Equity-8.94-9.99
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Foreign Small/Mid Growth5 year gross return5 year net return
Brown Capital Intl Small Company11.7111.13
WCM International Small Cap Growth11.4610.93
GW&K International Small Cap Strategy8.247.17
TH & B International Opportunities8.066.84
Axiom International Small Cap Strategy7.116.09
OFI Global International Small-Mid Cap7.006.06
Kayne Anderson Rudnick SC International7.116.04
Wasatch Int'l Micro Cap Composite7.045.34
GA International Small Cap Composite5.114.22
Winslow International Small Cap Comp5.174.16
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Latin America Stock1 year gross return1 year net return
T. Rowe Price Latin America Equity-35.56-36.14
Morgan Stanley Latin America Equity-36.47-36.77
Latin American Equity-39.63-40.23
Financial Trust Latin Value Momentum-49.66-50.29
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Latin America Stock5 year gross return5 year net return
T. Rowe Price Latin America Equity-2.02-2.85
Latin American Equity-3.62-4.58
Morgan Stanley Latin America Equity-4.72-5.27
Financial Trust Latin Value Momentum-6.60-7.74
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Europe Stock1 year gross return1 year net return
Baillie Gifford Europe ex UK1.420.84
NS Partners European Equity-4.70-5.28
Vontobel Quality Growth European Equity-6.52-6.79
T. Rowe Price Europe ex-UK Equity-7.65-8.11
MFS European Research Equity-7.94-8.51
T. Rowe Price Europe Equity-8.60-9.09
Baillie Gifford Pan-Europe-10.10-10.64
Wellington Strategic European Equity-10.25-10.91
PGI European Equity-10.87-11.25
Burgundy European Equity Composite-10.88-11.78
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Europe Stock5 year gross return5 year net return
Baillie Gifford Europe ex UK6.005.37
T. Rowe Price Europe Smaller Comp Equity3.783.02
MFS European Research Equity3.062.40
Wellington Strategic European Equity2.681.93
Vontobel Quality Growth European Equity2.161.71
T. Rowe Price Europe ex-UK Equity2.151.65
PGI European Equity2.011.57
Burgundy European Equity Composite2.151.14
NS Partners European Equity1.731.13
Acadian European Equity Composite1.791.03
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Japan Stock1 year gross return1 year net return
FIAM Japan Growth-0.69-1.48
Burgundy Focus Asian Composite-1.08-1.81
T. Rowe Price Japan Equity-2.23-2.78
Burgundy Asian (All Cap) Composite-2.84-3.81
DS_ Japan Equity Fundamental Active-3.74-4.22
DS_ Japan Equity Value Plus Alpha-4.68-5.16
MFS Japan Equity-5.02-5.61
Lazard Japanese Equity-5.93-6.24
Acadian Japanese Equity Composite-5.82-6.53
NWQ Japan Equity-6.00-6.76
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Japan Stock5 year gross return5 year net return
DS_ Japan Equity SmallCap Absolute Value8.968.21
T. Rowe Price Japan Equity7.957.35
Burgundy Asian (All Cap) Composite7.946.87
Burgundy Focus Asian Composite7.546.70
DS_ Japan Equity High Conviction Value4.574.05
Brandes Japan Equity4.313.50
Baillie Gifford Japan Growth4.083.46
Baillie Gifford Japan All Cap4.003.34
NWQ Japan Equity4.123.29
Lazard Japanese Equity3.282.94
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Pacific/Asia ex-Japan Stk1 year gross return1 year net return
Morgan Stanley Asia Opportunity5.394.20
Newton Asia Pacific Ex Japan Equity-3.15-3.77
Baillie Gifford Asia ex Japan-6.40-7.02
T. Rowe Price Asia ex-Japan Equity-7.16-7.81
T. Rowe Price Asia Opportunities Eq Comp-9.02-9.65
Fisher Investments Asia ex-Japan Equity-10.08-10.08
Asia Pacific ex Japan Equity-12.21-13.08
Morgan Stanley Asia Pacific Equity-12.68-13.10
Morgan Stanley Asia Equity-13.22-13.44
Lazard Emg Markets Eq Blend Asia ADR-14.17-14.64
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Pacific/Asia ex-Japan Stk5 year gross return5 year net return
T. Rowe Price Asia Opportunities Eq Comp5.915.17
Baillie Gifford Asia ex Japan4.533.83
Lazard Emg Markets Eq Blend Asia ADR4.193.59
T. Rowe Price Asia ex-Japan Equity3.752.95
Investec 4Factor Asia Pacific ex Jap Eq2.742.07
MFS Asia Pacific ex Japan2.772.01
MFS Asia ex Japan Equity2.752.00
RBC Asia ex Japan Equity2.841.88
Fisher Investments Asia ex-Japan Equity1.771.10
Newton Asia Pacific Ex Japan Equity1.711.04
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Diversified Pacific/Asia1 year gross return1 year net return
Financial Trust Asia ValueMomentum3.312.04
State Street Asia Pac Value Spotlight-5.73-6.29
ARI Asia Pacific-5.61-6.53
Asia Pacific inc Japan Equity-8.14-9.05
Horizon Asia Institutional-9.05-9.96
Sit Inv Pac Basin-10.28-11.09
Accuvest Asian Advantage-10.63-11.24
Impax Asia-Pacific-15.69-16.53
Templeton Asia Pacific Eq-19.86-20.40
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Diversified Pacific/Asia5 year gross return5 year net return
Financial Trust Asia ValueMomentum6.254.93
ARI Asia Pacific5.054.79
State Street Asia Pac Value Spotlight4.283.66
Sit Inv Pac Basin3.182.26
Impax Asia-Pacific2.121.11
Asia Pacific inc Japan Equity1.700.69
Horizon Asia Institutional0.59-0.42
Accuvest Asian Advantage-0.41-1.06
Templeton Asia Pacific Eq-2.38-3.00
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Diversified Emerging Mkts1 year gross return1 year net return
Artisan Developing World Composite7.266.15
Wellington Emerging Markets Equity (AUD)-1.86-2.83
Morgan Stanley Emerging Markets Leaders-5.28-6.05
AllianzGI Best Styles Emerging Markets-18.59-6.24
WCM Inv Mgt Emerging Markets-6.27-6.61
McKinley Capital Emerging Markets Growth-7.06-7.13
Jennison Emerging Markets-7.12-7.78
Calamos Emerging Economies Composite-7.54-8.53
SGA Emerging Markets Growth-7.87-8.88
William Blair Emerging Markets Growth-8.07-8.98
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Diversified Emerging Mkts5 year gross return5 year net return
Wellington Emerging Markets Equity (AUD)6.515.45
WCM Inv Mgt Emerging Markets4.524.10
JPM GEM Discovery-Composite4.603.87
Ashmore EM Active Equity Strategy4.823.75
Baillie Gifford Emerging Markets Lead Co4.443.61
FIAM Concentrated Emerging Markets Comp4.323.53
UBS Emerging Markets Equity HALO3.903.43
SGA Emerging Markets Growth4.563.43
GW&K Emerging Wealth Equity3.823.25
Martin Currie Global Emerging Markets3.713.14
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Global Real Estate1 year gross return1 year net return
PGI Real Estate Core Property5.674.46
Morgan Stanley Glbl Infrastructure Sec-7.79-8.54
Cohen & Steers European Real Estate Secs-9.89-10.64
American Century Global Real Estate-10.86-11.16
Neuberger Berman Global REIT - ISA-12.73-13.38
Janus Henderson Global Eq-Property Eq-12.53-14.22
Timbercreek Global Real Estate Core-14.22-14.60
Duff&Phelps Glbl Real Estate Securities-14.69-15.18
Chilton Global Real Estate-15.05-15.42
Duff & Phelps Intl Real Estate Secs-14.86-15.71
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Global Real Estate5 year gross return5 year net return
PGI Real Estate Core Property9.418.16
Cohen & Steers European Real Estate Secs4.974.05
Cohen & Steers Global Realty Focus4.703.75
Duff&Phelps Glbl Real Estate Securities2.501.71
Cohen & Steers Int'l Real Estate Secs2.351.67
Duff & Phelps Intl Real Estate Secs2.611.64
Neuberger Berman Global REIT - ISA2.161.41
Janus Henderson Global Eq-Property Eq3.291.36
Morgan Stanley Glbl Infrastructure Sec2.331.31
Timbercreek Core International RE1.851.27
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Bond1 year gross return1 year net return
Wellington Global Bond Unhedged (AUD)24.6424.22
WFAM Global Bond Opportunity8.518.19
WFAM Global Bond (Hedged)8.007.68
Wellington Global Bond Unhedged7.417.03
Mondrian Inv Glbl Fix-Inc7.346.81
PIMCO Global Government Unhedged6.786.62
PIMCO Global Government Hedged6.626.47
UBS: Global Aggregate Bond6.646.42
WFAM Global Bond6.606.28
Janus Henderson Global Multi-Sector Bond6.696.24
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Bond5 year gross return5 year net return
Wellington Global Bond Unhedged (AUD)8.017.63
MFS Global Aggregate Opportunistic FI4.413.98
PGIM Fixed Income Global Total Return3.983.61
UBS: Global Aggregate Bond3.743.52
PIMCO Global Aggregate Hedged3.893.47
Mondrian Inv Glbl Fix-Inc3.853.40
PIMCO Global Government Hedged3.603.39
MacKay Global Hi Yld Constrained Comp3.373.37
PIMCO International Bond USD-Hedged3.723.21
UBS: Global Sovereign3.263.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


High Yield Bond1 year gross return1 year net return
Eagle Core Plus Fixed Income7.547.06
Potomac High Yield Plus5.392.77
Braver Tactical High Income3.912.37
Toews High Income2.312.30
Horizon High Yield Opportunity Instl2.961.93
Clark Navigator Fixed Inc TR1.571.57
Clark Navigator Fixed Inc TR (Wells)1.571.21
WSTCM Credit Select Risk-Managed1.360.42
TCW High Yield0.750.06
MacKay Shields HYAC Short Duration Strgy-0.35-0.80
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


High Yield Bond5 year gross return5 year net return
Horizon High Yield Opportunity Instl6.385.31
Clark Navigator Fixed Inc TR5.255.25
Diamond Hill High Yield5.695.24
Clark Navigator Fixed Inc TR (Wells)5.254.88
Diamond Hill Corporate Credit4.554.08
Herzfeld Fixed Income Composite4.523.70
Artisan High Income4.403.67
MacKay Select High Yield Composite4.233.59
PineBridge High Yield Bond Composite4.043.58
MacKay Shields High Yld4.063.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate Government1 year gross return1 year net return
Northern Trust Government Index13.4713.30
Great Lakes Core Government Only11.5511.46
M.D. Sass Core Fix-Inc10.7310.41
MFS US Government Fixed Income10.029.70
Northern Trust Intermediate Government9.098.93
SSgA Intermediate U.S. Govt Bond Index8.978.92
Sterling Intermediate Government SMA8.728.07
Garcia Hamilton Government/Credit7.907.67
SeaCrest US Government Interm Duration7.177.17
Eagle Government Securities Inst7.677.10
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate Government5 year gross return5 year net return
Northern Trust Government Index3.753.60
Great Lakes Core Government Only3.623.54
M.D. Sass Core Fix-Inc3.773.48
MFS US Government Fixed Income3.513.21
Garcia Hamilton Government/Credit3.413.19
Columbia US Government Mortgage3.462.97
DBF Interm Mortgage-Backed Securities2.982.74
TCW Index Plus MBS2.972.72
SSgA Intermediate U.S. Govt Bond Index2.772.71
Northern Trust Intermediate Government2.842.69
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate-Term Bond1 year gross return1 year net return
EARNEST Fixed Income Long Duration13.9413.53
Orleans Investment Grade Core FI A12.6212.27
Hillswick Core Fixed Income12.0311.75
Reams Core Fixed Income11.9411.66
BlackRock Government Credit Taxable FI11.7111.33
Stacey Braun Core Fixed Income11.9111.08
CS McKee Broad Government Fixed11.2310.93
Jennison Active Core11.0310.88
Brandywine Global U.S. Fixed Income11.1910.86
Reinhart Partners Active Core FI10.6010.40
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate-Term Bond5 year gross return5 year net return
Brandywine Global U.S. Fixed Income5.755.44
BBH Core Fixed Income5.034.77
EARNEST Fixed Income Long Duration4.644.28
Reams Core Fixed Income4.354.08
Belle Haven Taxable PLUS4.353.99
Templeton Taxable Municipal Intermediate4.223.96
Orleans Investment Grade Core FI A4.263.94
Johnson Institutional Mgt Core FI4.173.92
LMCG Institutional Core Bond4.083.87
Hillswick Core Fixed Income4.103.86
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short Government1 year gross return1 year net return
PNC Cap Adv Intermediate U.S. Governemnt8.868.58
Federated Short-Inter. US Govt FI Comp8.818.50
Atlanta High Quality Intermediate7.767.38
M.D. Sass 3-Year FI7.547.07
Congress Asset Mgt Short-Term Fixed Inc6.886.61
Sterling Short Term Government SMA6.876.52
INCORE Short Government Comp6.375.99
Sit Inv Short Dur Strat6.405.97
Pacific Income Short Term5.705.40
Morgan Stanley U.S. Mortgage5.465.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short Government5 year gross return5 year net return
Morgan Stanley U.S. Mortgage2.812.64
Sit Inv Short Dur Strat3.032.62
PNC Cap Adv Intermediate U.S. Governemnt2.802.55
Atlanta High Quality Intermediate2.902.54
M.D. Sass 3-Year FI2.922.51
Federated Short-Inter. US Govt FI Comp2.692.37
Capital Group PCS Core Bond Composite2.302.30
INCORE Short Government Comp2.512.15
Congress Asset Mgt Short-Term Fixed Inc2.262.00
M.D. Sass 2-Year FI2.151.90
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short-Term Bond1 year gross return1 year net return
MCM Tactical Income9.378.89
BlackRock Core PLUS7.577.30
Reinhart Active Interm Catholic Values7.447.21
Reinhart Partners Active Interm FI7.407.15
Sawgrass Intermediate Fixed Income7.327.07
Chandler Intermediate Bond7.287.06
Invesco Invt Grade Govt Crdt Int7.277.03
Invesco Impact Invt Grade Govt Crdt Int7.006.87
TJIM Interm Fixed Income7.076.56
Ziegler Cap Intermediate Fixed Income6.806.39
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short-Term Bond5 year gross return5 year net return
BlackRock Core PLUS3.463.28
Aegon Structured Finance3.333.02
Sawgrass Intermediate Fixed Income3.272.93
Invesco Invt Grade Govt Crdt Int3.162.91
Invesco Impact Invt Grade Govt Crdt Int3.082.90
Invesco Impact Tax-Aware Limited Term3.112.86
TJIM Interm Fixed Income3.332.81
Dodge & Cox Intermediate FI Composite3.082.77
Wellington Intermediate Bond3.062.75
PIMCO Moderate Duration Core2.862.67
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Ultrashort Bond1 year gross return1 year net return
DBF Short Duration Govt/Agency5.435.16
Lazard US Short Duration Fixed Income4.203.92
Pacific Income Ultra Short3.813.50
Mellon Ultra Short Government/Credit3.273.16
Atlanta High Quality Short Dur 0-2 Yr3.473.11
Ultra Short Term Treasury Fixed Income2.922.80
Chandler Ultra Short Bond3.012.76
Sterling Enhanced Cash Institutional2.742.61
Ultra Short Term Taxable Fixed Income2.702.60
Sterling Cash Management2.652.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Ultrashort Bond5 year gross return5 year net return
Schroders Enhanced Securitized4.003.49
Federated Trade Finance Fixed Inc Comp3.022.15
DBF Short Duration Govt/Agency2.071.83
Federated Low Duration Broad Comp1.991.70
Payden & Rygel Enhanced Cash Long1.871.63
Mellon Ultra Short Government/Credit1.711.63
PIMCO Short Term2.011.58
Lazard US Short Duration Fixed Income1.881.54
Western Asset US Enhanced Liquidity1.661.54
Sterling Enhanced Cash Institutional1.641.52
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long Government1 year gross return1 year net return
Aegon Long US Treasury Strips47.6847.49
NISA 15+ STRIPS Fixed Income Composite45.6345.48
Hoisington Inv Mgt Macroeconomic FI Comp40.1939.93
BNYM Mellon DB NSL Long Term Govt BI Fd32.2732.25
PIMCO Long Duration Treasury31.7231.08
PIMCO Long Bond Extended Duration29.9129.79
Hillswick Long Duration Government25.9025.42
DoubleLine Long Duration Total Return25.2924.87
W.E. DonoghuePowerTreasuryIndexPortfolio17.7116.54
Wright Investors' Service Core Gov/Cr FI9.549.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long Government5 year gross return5 year net return
NISA 15+ STRIPS Fixed Income Composite9.489.29
PIMCO Long Bond Extended Duration8.588.22
Hoisington Inv Mgt Macroeconomic FI Comp8.368.13
Hillswick Long Duration Government7.627.18
BNYM Mellon DB NSL Long Term Govt BI Fd7.317.18
PIMCO Long Duration Treasury7.506.98
DoubleLine Long Duration Total Return7.066.15
Wright Investors' Service Core Gov/Cr FI3.583.21
Thornburg Limited Term U.S. Government2.402.01
W.E. DonoghuePowerTreasuryIndexPortfolion/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long-Term Bond1 year gross return1 year net return
Camden Long Duration (Govt/Credit) Comp27.0425.41
Camden Long Duration (US Corporate) Comp24.8121.76
Jennison Active Long Gov/Credit21.5921.39
IR+M Long Government Credit21.7521.39
MetLife Inv. Mgmt. Long Duration G/C21.4221.09
Wellington Long Bond21.1620.78
Schroders Value Long Duration21.0920.77
TCW Long Duration Gov/Cred20.8320.66
Loomis Sayles Long Dur Government/Credit20.5720.31
Nuveen Long Dur Gov/Credit Fixed Income20.3720.01
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long-Term Bond5 year gross return5 year net return
Camden Long Duration (Govt/Credit) Comp8.437.70
Camden Long Duration (US Corporate) Comp8.117.05
Schroders Value Long Duration6.466.96
MetLife Inv. Mgmt. Long Duration G/C7.206.88
Wellington Long Bond6.696.38
Jennison Active Long Gov/Credit6.566.38
TCW Long Duration Gov/Cred6.526.36
Loomis Sayles Long Dur Government/Credit6.596.35
Baird Advisors Long Govt Credit Bond6.486.32
IR+M Long Government Credit6.516.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Multisector Bond1 year gross return1 year net return
AB US Core Fixed Income7.587.19
DCM Core Fixed Income7.056.71
Guggenheim Fixed Income5.805.80
BW Global Multi-Sector Income (fka GITR)5.124.54
FIAM Investment Grade Credit3.993.71
RiverFront Dynamic Fixed Income Port4.913.63
TCW Global Fixed Income4.263.59
RiverFront ETF Dynamic Fixed Inc Port4.913.47
CMG Tactical Fixed Income Strategy5.032.70
MetLife Inv. Mgmt. Multi-Sector2.892.49
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Multisector Bond5 year gross return5 year net return
Guggenheim Fixed Income4.504.24
PIMCO Diversified Income4.623.91
BW Global Multi-Sector Income (fka GITR)4.333.65
PIMCO Income Composite4.023.45
Schroder Opportunistic Multi-Sector Sec3.903.32
Loomis Sayles Multi-Sector Full Discretn3.623.29
MetLife Inv. Mgmt. Multi-Sector3.683.28
DCM Core Fixed Income3.493.16
FIAM Tactical Bond3.533.12
FIAM Investment Grade Credit3.503.06
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


High Yield Bond1 year gross return1 year net return
Eagle Core Plus Fixed Income7.547.06
Potomac High Yield Plus5.392.77
Braver Tactical High Income3.912.37
Toews High Income2.312.30
Horizon High Yield Opportunity Instl2.961.93
Clark Navigator Fixed Inc TR1.571.57
Clark Navigator Fixed Inc TR (Wells)1.571.21
WSTCM Credit Select Risk-Managed1.360.42
TCW High Yield0.750.06
MacKay Shields HYAC Short Duration Strgy-0.35-0.80
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


High Yield Bond5 year gross return5 year net return
Horizon High Yield Opportunity Instl6.385.31
Clark Navigator Fixed Inc TR5.255.25
Diamond Hill High Yield5.695.24
Clark Navigator Fixed Inc TR (Wells)5.254.88
Diamond Hill Corporate Credit4.554.08
Herzfeld Fixed Income Composite4.523.70
Artisan High Income4.403.67
MacKay Select High Yield Composite4.233.59
PineBridge High Yield Bond Composite4.043.58
MacKay Shields High Yld4.063.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate Government1 year gross return1 year net return
Northern Trust Government Index13.4713.30
Great Lakes Core Government Only11.5511.46
M.D. Sass Core Fix-Inc10.7310.41
MFS US Government Fixed Income10.029.70
Northern Trust Intermediate Government9.098.93
SSgA Intermediate U.S. Govt Bond Index8.978.92
Sterling Intermediate Government SMA8.728.07
Garcia Hamilton Government/Credit7.907.67
SeaCrest US Government Interm Duration7.177.17
Eagle Government Securities Inst7.677.10
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate Government5 year gross return5 year net return
Northern Trust Government Index3.753.60
Great Lakes Core Government Only3.623.54
M.D. Sass Core Fix-Inc3.773.48
MFS US Government Fixed Income3.513.21
Garcia Hamilton Government/Credit3.413.19
Columbia US Government Mortgage3.462.97
DBF Interm Mortgage-Backed Securities2.982.74
TCW Index Plus MBS2.972.72
SSgA Intermediate U.S. Govt Bond Index2.772.71
Northern Trust Intermediate Government2.842.69
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate-Term Bond1 year gross return1 year net return
EARNEST Fixed Income Long Duration13.9413.53
Orleans Investment Grade Core FI A12.6212.27
Hillswick Core Fixed Income12.0311.75
Reams Core Fixed Income11.9411.66
BlackRock Government Credit Taxable FI11.7111.33
Stacey Braun Core Fixed Income11.9111.08
CS McKee Broad Government Fixed11.2310.93
Jennison Active Core11.0310.88
Brandywine Global U.S. Fixed Income11.1910.86
Reinhart Partners Active Core FI10.6010.40
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Intermediate-Term Bond5 year gross return5 year net return
Brandywine Global U.S. Fixed Income5.755.44
BBH Core Fixed Income5.034.77
EARNEST Fixed Income Long Duration4.644.28
Reams Core Fixed Income4.354.08
Belle Haven Taxable PLUS4.353.99
Templeton Taxable Municipal Intermediate4.223.96
Orleans Investment Grade Core FI A4.263.94
Johnson Institutional Mgt Core FI4.173.92
LMCG Institutional Core Bond4.083.87
Hillswick Core Fixed Income4.103.86
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short Government1 year gross return1 year net return
PNC Cap Adv Intermediate U.S. Governemnt8.868.58
Federated Short-Inter. US Govt FI Comp8.818.50
Atlanta High Quality Intermediate7.767.38
M.D. Sass 3-Year FI7.547.07
Congress Asset Mgt Short-Term Fixed Inc6.886.61
Sterling Short Term Government SMA6.876.52
INCORE Short Government Comp6.375.99
Sit Inv Short Dur Strat6.405.97
Pacific Income Short Term5.705.40
Morgan Stanley U.S. Mortgage5.465.35
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short Government5 year gross return5 year net return
Morgan Stanley U.S. Mortgage2.812.64
Sit Inv Short Dur Strat3.032.62
PNC Cap Adv Intermediate U.S. Governemnt2.802.55
Atlanta High Quality Intermediate2.902.54
M.D. Sass 3-Year FI2.922.51
Federated Short-Inter. US Govt FI Comp2.692.37
Capital Group PCS Core Bond Composite2.302.30
INCORE Short Government Comp2.512.15
Congress Asset Mgt Short-Term Fixed Inc2.262.00
M.D. Sass 2-Year FI2.151.90
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short-Term Bond1 year gross return1 year net return
MCM Tactical Income9.378.89
BlackRock Core PLUS7.577.30
Reinhart Active Interm Catholic Values7.447.21
Reinhart Partners Active Interm FI7.407.15
Sawgrass Intermediate Fixed Income7.327.07
Chandler Intermediate Bond7.287.06
Invesco Invt Grade Govt Crdt Int7.277.03
Invesco Impact Invt Grade Govt Crdt Int7.006.87
TJIM Interm Fixed Income7.076.56
Ziegler Cap Intermediate Fixed Income6.806.39
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Short-Term Bond5 year gross return5 year net return
BlackRock Core PLUS3.463.28
Aegon Structured Finance3.333.02
Sawgrass Intermediate Fixed Income3.272.93
Invesco Invt Grade Govt Crdt Int3.162.91
Invesco Impact Invt Grade Govt Crdt Int3.082.90
Invesco Impact Tax-Aware Limited Term3.112.86
TJIM Interm Fixed Income3.332.81
Dodge & Cox Intermediate FI Composite3.082.77
Wellington Intermediate Bond3.062.75
PIMCO Moderate Duration Core2.862.67
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Ultrashort Bond1 year gross return1 year net return
DBF Short Duration Govt/Agency5.435.16
Lazard US Short Duration Fixed Income4.203.92
Pacific Income Ultra Short3.813.50
Mellon Ultra Short Government/Credit3.273.16
Atlanta High Quality Short Dur 0-2 Yr3.473.11
Ultra Short Term Treasury Fixed Income2.922.80
Chandler Ultra Short Bond3.012.76
Sterling Enhanced Cash Institutional2.742.61
Ultra Short Term Taxable Fixed Income2.702.60
Sterling Cash Management2.652.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Ultrashort Bond5 year gross return5 year net return
Schroders Enhanced Securitized4.003.49
Federated Trade Finance Fixed Inc Comp3.022.15
DBF Short Duration Govt/Agency2.071.83
Federated Low Duration Broad Comp1.991.70
Payden & Rygel Enhanced Cash Long1.871.63
Mellon Ultra Short Government/Credit1.711.63
PIMCO Short Term2.011.58
Lazard US Short Duration Fixed Income1.881.54
Western Asset US Enhanced Liquidity1.661.54
Sterling Enhanced Cash Institutional1.641.52
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long Government1 year gross return1 year net return
Aegon Long US Treasury Strips47.6847.49
NISA 15+ STRIPS Fixed Income Composite45.6345.48
Hoisington Inv Mgt Macroeconomic FI Comp40.1939.93
BNYM Mellon DB NSL Long Term Govt BI Fd32.2732.25
PIMCO Long Duration Treasury31.7231.08
PIMCO Long Bond Extended Duration29.9129.79
Hillswick Long Duration Government25.9025.42
DoubleLine Long Duration Total Return25.2924.87
W.E. DonoghuePowerTreasuryIndexPortfolio17.7116.54
Wright Investors' Service Core Gov/Cr FI9.549.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long Government5 year gross return5 year net return
NISA 15+ STRIPS Fixed Income Composite9.489.29
PIMCO Long Bond Extended Duration8.588.22
Hoisington Inv Mgt Macroeconomic FI Comp8.368.13
Hillswick Long Duration Government7.627.18
BNYM Mellon DB NSL Long Term Govt BI Fd7.317.18
PIMCO Long Duration Treasury7.506.98
DoubleLine Long Duration Total Return7.066.15
Wright Investors' Service Core Gov/Cr FI3.583.21
Thornburg Limited Term U.S. Government2.402.01
W.E. DonoghuePowerTreasuryIndexPortfolion/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long-Term Bond1 year gross return1 year net return
Camden Long Duration (Govt/Credit) Comp27.0425.41
Camden Long Duration (US Corporate) Comp24.8121.76
Jennison Active Long Gov/Credit21.5921.39
IR+M Long Government Credit21.7521.39
MetLife Inv. Mgmt. Long Duration G/C21.4221.09
Wellington Long Bond21.1620.78
Schroders Value Long Duration21.0920.77
TCW Long Duration Gov/Cred20.8320.66
Loomis Sayles Long Dur Government/Credit20.5720.31
Nuveen Long Dur Gov/Credit Fixed Income20.3720.01
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Long-Term Bond5 year gross return5 year net return
Camden Long Duration (Govt/Credit) Comp8.437.70
Camden Long Duration (US Corporate) Comp8.117.05
Schroders Value Long Duration6.466.96
MetLife Inv. Mgmt. Long Duration G/C7.206.88
Wellington Long Bond6.696.38
Jennison Active Long Gov/Credit6.566.38
TCW Long Duration Gov/Cred6.526.36
Loomis Sayles Long Dur Government/Credit6.596.35
Baird Advisors Long Govt Credit Bond6.486.32
IR+M Long Government Credit6.516.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Multisector Bond1 year gross return1 year net return
AB US Core Fixed Income7.587.19
DCM Core Fixed Income7.056.71
Guggenheim Fixed Income5.805.80
BW Global Multi-Sector Income (fka GITR)5.124.54
FIAM Investment Grade Credit3.993.71
RiverFront Dynamic Fixed Income Port4.913.63
TCW Global Fixed Income4.263.59
RiverFront ETF Dynamic Fixed Inc Port4.913.47
CMG Tactical Fixed Income Strategy5.032.70
MetLife Inv. Mgmt. Multi-Sector2.892.49
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Multisector Bond5 year gross return5 year net return
Guggenheim Fixed Income4.504.24
PIMCO Diversified Income4.623.91
BW Global Multi-Sector Income (fka GITR)4.333.65
PIMCO Income Composite4.023.45
Schroder Opportunistic Multi-Sector Sec3.903.32
Loomis Sayles Multi-Sector Full Discretn3.623.29
MetLife Inv. Mgmt. Multi-Sector3.683.28
DCM Core Fixed Income3.493.16
FIAM Tactical Bond3.533.12
FIAM Investment Grade Credit3.503.06
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Inflation-Protected Bond1 year gross return1 year net return
PIMCO Real Ret Asset Long Duration19.5518.93
Franklin U.S. TIPS Composite13.7813.42
BNP Paribas InflationLinkedBonds U.S.7.186.97
Neuberger Berman TIPS7.016.96
Mellon US TIPS Barclays7.006.89
Northern Trust TIPS6.936.82
State Street U.S. TIPS Index6.856.80
IR+M TIPS6.876.76
PIMCO Real Return Medium Authority6.966.69
Wright Treasury Inflation Protected6.806.53
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Inflation-Protected Bond5 year gross return5 year net return
PIMCO Real Ret Asset Long Duration5.534.96
Franklin U.S. TIPS Composite4.083.88
BNP Paribas GlobalInflationLinked Bonds3.923.66
Neuberger Berman TIPS2.782.76
Mellon US TIPS Barclays2.762.68
Northern Trust TIPS2.722.65
IR+M TIPS2.692.59
PIMCO Real Return Medium Authority2.832.56
BNP Paribas InflationLinkedBonds U.S.2.812.54
BlackRock TIPS PLUS2.412.30
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Stable Value1 year gross return1 year net return
Vantagepoint PLUS Fund Gross2.752.75
PIMCO Stable Value2.972.71
Putnam Stable Value Composite2.702.46
Mellon Stable Value2.552.44
Invesco Stable Value2.642.44
Galliard Stable Value Composite2.682.40
Invesco Stable Value Trust B1n/a1.97
Invesco Stable Value Trust A1n/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Stable Value5 year gross return5 year net return
PIMCO Stable Value3.012.75
Vantagepoint PLUS Fund Gross2.502.50
Mellon Stable Value2.292.18
Invesco Stable Value2.302.10
Putnam Stable Value Composite2.302.06
Galliard Stable Value Composite2.251.88
Invesco Stable Value Trust B1n/a1.28
Invesco Stable Value Trust A1n/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Convertibles1 year gross return1 year net return
Lord Abbett & Co. Convertibles4.353.27
AllianzGI Convertibles0.690.24
Calamos Global Convertible Composite1.380.01
Westwood Strategic Global Convertible-0.18-0.81
Macquarie US Convertible Bond-1.16-1.74
Palisade Short Duration Convertible Bond-1.61-2.14
Oaktree U.S. Convertibles-1.88-2.37
Oaktree Non-U.S. Convertibles-1.98-2.47
Palisade Convertible Securities Comp-2.02-2.56
Invesco Convertible Securities-2.03-2.62
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Convertibles5 year gross return5 year net return
SSI Inv Grade Convert Strat7.476.58
AllianzGI Convertibles6.616.12
Advent Investment Grade6.045.59
Lord Abbett & Co. Convertibles6.555.45
INCORE Inv Grade Convertibles Comp6.005.42
Conning Convertible Bond5.705.17
MacKay Shields Convertibles5.194.67
Calamos Instl Convertible Composite4.754.02
SSI Convertible Investment Strategy4.473.95
Palisade Convertible Securities Comp4.493.93
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Emerging Markets Bond1 year gross return1 year net return
SeaCrest Inv Mgmt Intl Sovereign Debt4.563.55
Wellington Emerging Markets Debt-1.76-2.35
Global Evolution EM Debt and FX-2.46-3.53
PGI Emerging Market Broad-3.08-3.54
Lazard EM Debt - Total Return-3.12-3.96
MIM EM Debt Limited Duration-2.70-4.83
MFS Emerging Markets Debt-4.61-5.18
MIM Emerging Markets Debt Sovereign-4.84-5.55
PIMCO Emg Mkts External Bond Full Auth-4.95-5.72
Global Evolution Frontier Markets-4.97-5.99
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Emerging Markets Bond5 year gross return5 year net return
Global Evolution Frontier Markets5.123.90
T. Rowe Price Emerging Markets Corp Bd3.883.32
Franklin Emerging Mkt Dbt Opp (USD) Comp3.793.08
Wellington Emerging Markets Debt3.693.08
PIMCO Emg Mkts External Bond Full Auth3.883.04
GMO Emerging Country Debt Strategy3.402.64
MIM Emerging Markets Debt Corporate3.962.63
Payden & Rygel Emerging Markets3.022.56
TIAA-CREF Emerging Markets Debt3.052.45
SeaCrest Inv Mgmt Intl Sovereign Debt3.252.44
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Allocation1 year gross return1 year net return
WSTCM International Select Risk-Managed6.605.85
Cypress Global Equity and Income-0.14-1.20
Nav Tactical Global Allocation Plus-0.07-1.42
Pyrford Global Absolute Return GBP-1.59-2.14
Julex Dynamic Real Asset-1.87-2.37
PCM Absolute International TR Composite-1.41-2.40
THG Balanced Aggressive-1.67-2.41
Cadinha GPS60-2.67-2.71
Windham Risk Regime I-2.28-2.88
Windham Conservative Portfolio-3.31-3.38
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


World Allocation5 year gross return5 year net return
Morgan Stanley Glbl Tactical Asset Alloc4.384.07
Cadinha GPS604.583.95
WSTCM International Select Risk-Managed4.553.83
Nav Tactical Global Allocation Plus5.063.37
THG Balanced Aggressive3.933.16
Nav Tactical Glbl Alloc Pl ft ADEX4.242.61
Innealta Global All Asset Opp Consrv2.442.36
Miller Investment Management Balanced2.872.35
Frontier Asset Mgmt Focused Opp2.942.26
MAP Global Balanced Composite3.132.11
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Conservative Allocation1 year gross return1 year net return
MCM American Revival - Balanced6.135.67
PCM Global Macro Composite5.474.43
Manning&Napier Growth Reduced Volatility4.743.85
WestEnd Advisors Global Conservative3.503.24
AMP Income Generating3.783.23
Nuveen ESG Mod Conservative Growth (ETF)2.292.29
RiverFront ETF Conservative Income Bldr3.762.13
HW FDN SIP Conservative2.052.05
AGFiQ Multi-Asset Income1.491.49
WisdomTree Select (incl.PIMCO) Cnsrv0.990.99
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Conservative Allocation5 year gross return5 year net return
MCA Conservative Portfolios7.516.71
Clark Navigator MultiStrategy 50-505.365.36
Weitz Conservative Allocation4.793.78
AllianzGI Income & Growth4.223.77
Manning&Napier Growth Reduced Volatility4.453.69
AMP Adaptive Moderate4.073.51
SMART Portfolio-Mod Cons-American Core3.403.40
SMART Portfolio-M. Cons-Blended ETF Core3.403.40
TSW Multi-Asset Income3.673.33
Peavine Capital Moderate3.883.30
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Moderate Allocation1 year gross return1 year net return
iSectors Post-MPT Moderate Allocation7.286.43
MCM American Revival - Growth-Plus6.566.10
Manning & Napier Long Term Growth3.622.76
Manning & Napier Equity-Focused Blend2.121.37
Montag & Caldwell Balanced1.861.30
Congress Asset Mgt Balanced0.840.35
RBA Global Risk-Balanced ETF0.240.24
1919 SRI Balanced0.740.23
WSTCM Global Allocation Risk-Managed0.600.17
RBA Global ETF Moderate0.150.15
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Moderate Allocation5 year gross return5 year net return
MCA Balanced Portfolios8.067.34
Congress Asset Mgt Balanced7.396.76
Johnson Institutional Mgt Enhanced Index6.876.54
Janus Henderson Balanced6.726.18
Montag & Caldwell Balanced6.135.73
Sit Inv Balanced6.435.64
WJA Equity Oriented (Balanced) Composite6.365.62
iSectors Post-MPT Moderate Allocation6.235.43
Full Duration Balanced5.725.36
1919 SRI Balanced5.775.24
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2000-20101 year gross return1 year net return
FIAM Index Target Date 2005 Composite2.982.83
FIAM Index Target Date 2010 Composite1.481.34
FIAM Blend Target Date 2005 Composite1.651.32
FIAM Blend Target Date 2010 Composite0.14-0.18
Capital Group 2010 Target Date Ret Comp-0.53-0.53
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2000-20105 year gross return5 year net return
Capital Group 2010 Target Date Ret Comp3.933.93
FIAM Index Target Date 2010 Composite3.903.79
FIAM Index Target Date 2005 Composite3.753.69
FIAM Blend Target Date 2010 Composite3.953.66
FIAM Blend Target Date 2005 Composite3.833.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2011-20151 year gross return1 year net return
FIAM Index Target Date 2015 Composite-0.11-0.25
FIAM Blend Target Date 2015 Composite-1.31-1.63
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2011-20155 year gross return5 year net return
FIAM Index Target Date 2015 Composite4.023.92
FIAM Blend Target Date 2015 Composite4.063.78
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2016-20201 year gross return1 year net return
FIAM Index Target Date 2020 Composite-1.56-1.70
FIAM Blend Target Date 2020 Composite-2.63-2.94
Q3 Voyage Target 2020-6.77-7.24
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2016-20205 year gross return5 year net return
FIAM Index Target Date 2020 Composite4.043.94
FIAM Blend Target Date 2020 Composite4.043.76
Q3 Voyage Target 2020n/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2021-20251 year gross return1 year net return
FIAM Index Target Date 2025 Composite-2.68-2.81
FIAM Blend Target Date 2025 Composite-3.72-4.02
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2021-20255 year gross return5 year net return
FIAM Index Target Date 2025 Composite4.043.94
FIAM Blend Target Date 2025 Composite4.053.77
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2026-20301 year gross return1 year net return
FIAM Index Target Date 2030 Composite-4.30-4.43
FIAM Blend Target Date 2030 Composite-5.25-5.55
Q3 Voyage Target 2030-7.96-8.43
Northern Trust Goal Engineer 2030 Model-9.50n/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2026-20305 year gross return5 year net return
FIAM Index Target Date 2030 Composite4.364.26
FIAM Blend Target Date 2030 Composite4.294.01
Q3 Voyage Target 2030n/an/a
Northern Trust Goal Engineer 2030 Modeln/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2031-20351 year gross return1 year net return
FIAM Index Target Date 2035 Composite-7.26-7.39
FIAM Blend Target Date 2035 Composite-8.01-8.31
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2031-20355 year gross return5 year net return
FIAM Index Target Date 2035 Composite4.194.08
FIAM Blend Target Date 2035 Composite4.053.76
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2036-20401 year gross return1 year net return
FIAM Index Target Date 2040 Composite-8.82-8.94
FIAM Blend Target Date 2040 Composite-9.64-9.93
Q3 Voyage Target 2040-9.71-10.17
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2036-20405 year gross return5 year net return
FIAM Index Target Date 2040 Composite3.853.75
FIAM Blend Target Date 2040 Composite3.683.40
Q3 Voyage Target 2040n/an/a
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2041-20451 year gross return1 year net return
FIAM Index Target Date 2045 Composite-8.81-8.94
FIAM Blend Target Date 2045 Composite-9.62-9.91
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Target Date 2041-20455 year gross return5 year net return
FIAM Index Target Date 2045 Composite3.853.75
FIAM Blend Target Date 2045 Composite3.683.40
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Retirement Income1 year gross return1 year net return
FIAM Index Target Date Income R3.953.92
FIAM Index Target Date Income Composite3.903.76
FIAM Blend Target Date Income Composite2.542.19
Morningstar Ret Inc Ultra Short - BNY2.341.02
Morningstar Ret Inc Ultra Short - TDA2.440.91
Morningstar Ret Inc Short-Range - TDA-1.06-2.54
Morningstar Ret Inc Short-Range - BNY-1.39-2.67
PIMCO Retirement Income Model Cnsrv-3.47-3.47
Morningstar Ret Inc Mid-Range - TDA-4.54-5.96
Morningstar Ret Inc Mid-Range - BNY-4.97-6.21
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020


Retirement Income5 year gross return5 year net return
FIAM Index Target Date Income R3.433.37
FIAM Index Target Date Income Composite3.413.30
FIAM Blend Target Date Income Composite3.483.20
PIMCO Retirement Income Model Cnsrv2.262.26
Beacon Dividend Income Composite2.691.41
PIMCO Retirement Income Model - Balanced1.361.36
PIMCO Retirement Income Model-Mod Gr1.351.35
Morningstar Ret Inc Ultra Short - BNY2.250.77
Horizon Real Spend 41.580.57
Morningstar Ret Inc Short-Range - BNY2.030.55
Source: Morningstar Separate Account/CIT Fund Database; data populated as of May 13, 2020
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