Wall Street Associates, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented these reports in compliance with the GIPS standards. Wall Street Associates, LLC has been independently verified for the periods January 1, 2003 through December 31, 2012 by Ashland Partners & Company, LLP. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation. As part of the firm's complete disclosure, please see each full disclosure presentation specific to each investment strategy marketed within our website; each contains important details regarding the calculation of performance and the construction of our composites.