376-377 / 499
CBIZ RPS Monitoring Criteria
Performance
3-year performance – Top 60% of category
•
5-year performance – Top 50% of category
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10-year performance – Top 50% of category
•
Risk
3-year Sharpe ratio – Top 60% of category
•
5-year Sharpe ratio – Top 60% of category
•
5-year Upcapture – Top 60% of category
•
5-year Downcapture – Top 40% of category
•
Style/Operations
Style drift – style matches category
•
R-squared – greater than 80%
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Manager tenure – 2 years or more
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Total fund assets - $100 million +
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Expense ratio – lowest 50% of category
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Ratings
Score above 70% - Pass
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Score below 70% - Watch
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Typical number of consecutive Watch quarters for Action recommendation – 4
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Style/Operations
20%
Risk
40%
Performance
40%