Market Cycle Placement

This data point reflects the point within Aapryl’s proprietary Market Cycle Chart for which a manager would plot, representing where a manager is expected to best perform based on their style and factor exposures.  As some segments have multiple plotting points, a number will be shown to represent how far to the right a manager would plot within an economic segment.  For instance, Relative Value 3 would plot to the right of Relative Value 2