|
| Passive Manager | Active Manager | ||||
| Return | Benchmark | Value Add | Return | Benchmark | Value Add | |
| Dec-99 | 4.32% | 3.76% | 0.55% | 13.57% | 10.14% | 3.43% |
| Jan-00 | −2.15% | −1.75% | −0.39% | −2.45% | 2.70% | −5.15% |
| Feb-00 | 1.79% | 1.63% | 0.15% | 0.74% | 3.73% | −3.00% |
| Mar-00 | 0.39% | 0.59% | −0.20% | 1.01% | 2.63% | −1.62% |
| Apr-00 | −2.30% | −2.15% | −0.15% | −8.83% | −6.76% | −2.07% |
| May-00 | −1.52% | −0.65% | −0.87% | −8.83%* | −0.61% | −8.22% |
| Jun-00 | 8.36% | 7.76% | 0.60% | 4.83% | −2.33% | 7.16% |
| Jul-00 | −1.72% | −1.33% | −0.39% | −0.73% | −1.31% | 0.58% |
| Aug-00 | 1.96% | 1.75% | 0.22% | 2.65% | 0.57% | 2.08% |
| Sep-00 | 0.14% | 0.28% | −0.14% | −3.82% | −2.87% | −0.96% |
| Oct-00 | −1.58% | −1.11% | −0.47% | −4.96% | −3.96% | −1.01% |
| Nov-00 | 1.16% | 1.18% | −0.03% | −7.15% | −10.16% | 3.02% |