The chart shows the manager’s exposure or beta to various factors calculated using returns based style analysis. The chart presents the exposures as of the date presented in the chart and shows the exposure in the context of the manager’s peer group. While no generalization can be made regarding a manager’s relative exposure to a factor versus its peer group, the comparison on the chart can be useful when evaluating managers. The chart shows the exposures in either static mode, calculated using the manager’s full history, or dynamic mode, calculated using the last 36 months of data