1 As of 30 Nov 2020 2 Return impact analysis completed by Wilshire, presented at the November 2020 Investment Committee meeting 3 Predicted Tracking Error based on cap-weighted benchmark completed by Wilshire Associates 4 Relative to divestment-unconstrained benchmark, annualized based on monthly performance for 10-year window as of 11/30/20 5 Calculated by dividing divested portfolio's annualized active return by its active risk, both calculated over a截至2020年11月30日的5年期间使用每月观察值6少于五年期