OptiMix's approach to investment manager selection involves a mixture of qualitative and quantitative analysis. This analysis allows "best of breed" investment manager selection within each asset class and as a subset within each investment style employed in each asset class.

Best of breed manager selection is not purely measured by investment performance. Rather it is with consideration to the best blend of investment styles to produce superior, consistent investment returns in the long-term.

Who are the "best of breed" will depend on the asset class. OptiMix has the view that the best of breed manager in one asset class many not necessarily be the best of breed manager in all asset classes. Thus by combining the niche skills of best of breed managers within an asset class or a subset of that, within an investment style, OptiMix can bring to the investor a fund which is best of breed across all asset classes.

Identification of best of breed managers within an asset class or investment style may also change from time to time, based on:

• Changes in staffing,
• Process orientation,
• Fund size and liquidity flows, and
• Structure of business ownership