Criteria used by the jury to evaluate the financial performance

The criteria used by the jury to evaluate the overall performance are based on those applied for each of the components considered separately, respecting the following guidelines:

• each component of the simulation must have equal weight in the evaluation of overall performance
• the criteria must be applied in such a way as not to favor the Bourstad Plus portfolio managers at the expense of the Bourstad portfolio managers, or the opposite, in the college and public education groups