Product Name Benchmark Long Duration Fixed Income Lehman Brothers U.S. Long Credit Index TIPS Lehman Brothers US TIPS Index High Yield Fixed Income Lehman Bros. U.S. High Yield Ba/B 3% Issuer Cap Index Core Fixed Income Lehman Brothers Aggregate Bond Index Core Plus Fixed Income Lehman Brothers Aggregate Bond Index Intermediate Fixed Income Lehman Brothers Intermediate Aggregate Bond Index Defensive Fixed Income Lehman Brothers 1-3 Yr Government Index Balanced Management 55% Russell 1000® Value/45% Lehman Bros. Aggregate Bond

Our commitment to a philosophy that fixed income assets should produce higher returns with lower volatility is what distinguishes Barrow Hanley from other fixed income competitors. Our mission is to manage assets in a manner that maintains the integrity of the client's asset mix, while avoiding risks and volatility. Our disciplined investment process places an emphasis on qualitative security analysis, complemented by quantitative tools and risk-control measures that enhance our team's ability to convert yield into a total return advantage, regardless of the direction of interest rates.

Our fixed income investment philosophy and process have produced superior returns and lower volatility of return across all market strategies. The proven stability of this research-driven process has led to a distinguished record of success in credit analysis that gives us a distinct competitive advantage relative to our peers.

Barrow Hanley is dedicated to customizing investment strategies designed to meet the specific goals and objectives of our institutional clients. Customized service is the hallmark of Barrow Hanley's client communication and is the direct responsibility of the portfolio managers who make investment decisions on our clients' behalf.

Barrow, Hanley, Mewhinney, & Strauss also offers Value Equity Management.