person · Reporting owner

Friedman Robert L.

Disclosed activity across 4 companies

Tapewire entity: 16903
SEC CIK: 0001085357

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
AXIS CAPITAL HOLDINGS LTDAXS · Entity 3686	Director	January 15, 2020	January 17, 2020
Blackstone Inc.BX · Entity 2861	Former Chief Legal Officer	December 31, 2010	February 11, 2011
Sirius International Insurance Group, Ltd.SG · Entity 141984	Director	November 05, 2018	November 15, 2018
Yellow CorpYRCW · Entity 109736	Director	February 11, 2019	February 13, 2019

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

AXIS CAPITAL HOLDINGS LTD

Report date January 15, 2020 · Filed January 17, 2020

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common SharesSEC Table I · non-derivative	Direct	66,955	Reported balance After 2020-01-15 transaction · row 1 1 source row Row 1 · 2020-01-15 · Grant · Acquired 3,641 · Balance 66,955 F1: Common Shares issued as director's fees using January 15, 2020 closing price of $60.41.

Filing footnotes · ownership attribution and instrument terms

F1: Common Shares issued as director's fees using January 15, 2020 closing price of $60.41.

Blackstone Inc.

Report date December 31, 2010 · Filed February 11, 2011

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Blackstone Holdings Partnership unitsSEC Table II · derivative / convertible security	Direct	4,909,987	Reported balance After 2010-03-03 transaction · row 1 Instrument identity requires review; Table II rows are not merged. 1 source row Row 1 · 2010-03-03 · Gift · Disposed 12,694 · Balance 4,909,987 F1: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F2: The Reporting Person donated 12,694 Blackstone Holdings partnership units to a charitable foundation.
Blackstone Holdings Partnership unitsSEC Table II · derivative / convertible security	Direct	4,897,294	Reported balance After 2010-05-28 transaction · row 2 Instrument identity requires review; Table II rows are not merged. 1 source row Row 2 · 2010-05-28 · Gift · Disposed 12,693 · Balance 4,897,294 F1: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F3: The Reporting Person donated 12,693 Blackstone Holdings partnership units to a charitable foundation.
Blackstone Holdings Partnership unitsSEC Table II · derivative / convertible security	IndirectSee footnote #4.	512,748	Reported balance Holding disclosure · report date 2010-12-31 · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · Balance 512,748 F1: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F4: These Blackstone Holdings partnership units are held in a trust and/or limited liability company, for the benefit of the Reporting Person's children, of which the Reporting Person is a trustee or managing member, as applicable, with investment power. The Reporting Person disclaims beneficial ownership of the Blackstone Holdings partnership units held in these entities.
Blackstone Holdings Partnership unitsSEC Table II · derivative / convertible security	IndirectSee footnote #4.	2,150,145	Reported balance Holding disclosure · report date 2010-12-31 · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · Balance 2,150,145 F1: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F4: These Blackstone Holdings partnership units are held in a trust and/or limited liability company, for the benefit of the Reporting Person's children, of which the Reporting Person is a trustee or managing member, as applicable, with investment power. The Reporting Person disclaims beneficial ownership of the Blackstone Holdings partnership units held in these entities.

Filing footnotes · ownership attribution and instrument terms

F1: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone.

F2: The Reporting Person donated 12,694 Blackstone Holdings partnership units to a charitable foundation.

F3: The Reporting Person donated 12,693 Blackstone Holdings partnership units to a charitable foundation.

F4: These Blackstone Holdings partnership units are held in a trust and/or limited liability company, for the benefit of the Reporting Person's children, of which the Reporting Person is a trustee or managing member, as applicable, with investment power. The Reporting Person disclaims beneficial ownership of the Blackstone Holdings partnership units held in these entities.

Sirius International Insurance Group, Ltd.

Report date November 05, 2018 · Filed November 15, 2018

Security / award	Ownership account	Disclosed shares / units	Disclosure context
COMMON SHARESSEC Table I · non-derivative	Direct	36,030	Reported balance Holding disclosure · report date 2018-11-05 · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · Balance 36,030

Yellow Corp

Report date February 11, 2019 · Filed February 13, 2019

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	Direct	144,899	Ending reported balance After 2019-02-11 transaction · row 2 2 source rows · reconciled sequence Row 1 · 2019-02-11 · Grant · Acquired 38,000 · Balance 124,272 F1: These restricted stock units have both time and performance vesting criteria. They time vest the earlier date of 2019 Annual Stockholders Meeting or June 30, 2019, and they performance vest upon the Company's common stock achieving a 30-calendar day weighted-volume average stock price of $11.75 per share on or before December 31, 2020. These restricted stock units settle in Company common stock upon meeting both vesting criteria. Row 2 · 2019-02-11 · Grant · Acquired 20,627 · Balance 144,899 F2: These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until Mr. Friedman leaves the Board.

Filing footnotes · ownership attribution and instrument terms

F1: These restricted stock units have both time and performance vesting criteria. They time vest the earlier date of 2019 Annual Stockholders Meeting or June 30, 2019, and they performance vest upon the Company's common stock achieving a 30-calendar day weighted-volume average stock price of $11.75 per share on or before December 31, 2020. These restricted stock units settle in Company common stock upon meeting both vesting criteria.

F2: These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until Mr. Friedman leaves the Board.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
January 15, 2020 Filed Jan 17, 2020 17:00 UTC	AXIS CAPITAL HOLDINGS LTD AXS · Entity 3686	GrantCommon Shares	3,641	Not disclosed	Not disclosed	Disclosure SEC source: 0001209191-20-004058 · doc4.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 66,955 F1 · price: Common Shares issued as director's fees using January 15, 2020 closing price of $60.41. Read SEC document
February 11, 2019 Filed Feb 13, 2019 15:25 UTC	Yellow Corp YRCW · Entity 109736	GrantCommon Stock	20,627	$0.00	$0.00	Disclosure SEC source: 0001014108-19-000008 · primary_doc.xml · nonDerivative · entry 2 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 144,899 F2 · kind: These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until Mr. Friedman leaves the Board. Read SEC document
February 11, 2019 Filed Feb 13, 2019 15:25 UTC	Yellow Corp YRCW · Entity 109736	GrantCommon Stock	38,000	$0.00	$0.00	Disclosure SEC source: 0001014108-19-000008 · primary_doc.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 124,272 F1 · kind: These restricted stock units have both time and performance vesting criteria. They time vest the earlier date of 2019 Annual Stockholders Meeting or June 30, 2019, and they performance vest upon the Company's common stock achieving a 30-calendar day weighted-volume average stock price of $11.75 per share on or before December 31, 2020. These restricted stock units settle in Company common stock upon meeting both vesting criteria. Read SEC document
January 15, 2019 Filed Jan 17, 2019 17:45 UTC	AXIS CAPITAL HOLDINGS LTD AXS · Entity 3686	GrantCommon Shares	4,066	Not disclosed	Not disclosed	Disclosure SEC source: 0001209191-19-004348 · doc4.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 63,314 F1 · price: Common Shares issued as director's fees using January 15, 2019 closing price of $54.10. Read SEC document
May 01, 2018 Filed May 2, 2018 16:52 UTC	Yellow Corp YRCW · Entity 109736	GrantCommon Stock	14,613	$0.00	$0.00	Disclosure SEC source: 0001014108-18-000102 · primary_doc.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 86,272 F1 · kind: These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until the earlier of the reporting person's death, disability, or termination of service with the board of directors of the issuer. Read SEC document
January 16, 2018 Filed Jan 17, 2018 18:37 UTC	AXIS CAPITAL HOLDINGS LTD AXS · Entity 3686	GrantCommon Shares	4,451	Not disclosed	Not disclosed	Disclosure SEC source: 0001209191-18-004089 · doc4.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 59,248 F1 · price: Common Shares issued as director's fees using January 16, 2018 closing price of $49.42. Read SEC document
May 02, 2017 Filed May 4, 2017 18:21 UTC	Yellow Corp YRCW · Entity 109736	GrantCommon Stock	11,759	$0.00	$0.00	Disclosure SEC source: 0001014108-17-000089 · primary_doc.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 71,659 F1 · kind: These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until the earlier of the reporting person's death, disability, or termination of service with the board of directors of the issuer. Read SEC document
January 17, 2017 Filed Jan 19, 2017 16:28 UTC	AXIS CAPITAL HOLDINGS LTD AXS · Entity 3686	GrantCommon Shares	3,251	Not disclosed	Not disclosed	Disclosure SEC source: 0001209191-17-004475 · doc4.xml · nonDerivative · entry 1 Friedman Robert L. · CIK 0001085357 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 54,797 F1 · price: Common Shares issued as director's fees using January 17, 2017 closing price of $64.59. Read SEC document
November 12, 2010 Filed Feb 11, 2010 17:05 UTC	Blackstone Inc. BX · Entity 2861	GiftBlackstone Holdings Partnership units · Derivative	12,694	$0.00	$0.00	Disclosure SEC source: 0001181431-10-008509 · rrd265052.xml · derivative · entry 2 Friedman Robert L. · CIK 0001085357 · Chief Legal Officer 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 4,922,681 Underlying: Common units representing limited partnership units · 12,694 shares Expires not disclosed F1 · security: A "Blackstone Holdings partnership unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone Holdings partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2010 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.exercise_price: A "Blackstone Holdings partnership unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone Holdings partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2010 other than pursuant to transactions or programs approved by Blackstone. F2 · kind: The Reporting Person donated 12,694 Blackstone Holdings partnership units to a charitable foundation. F1 · derivative.exercise_date: A "Blackstone Holdings partnership unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone Holdings partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2010 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.expiration_date: A "Blackstone Holdings partnership unit" collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone Holdings partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2010 other than pursuant to transactions or programs approved by Blackstone. F3 · ownership.nature: These Blackstone Holdings partnership units are held in a trust and/or limited liability company, for the benefit of the Reporting Person's children, of which the Reporting Person is a trustee or managing member, as applicable, with investment power. The Reporting Person disclaims beneficial ownership of the Blackstone Holdings partnership units held in these entities Read SEC document
May 28, 2010 Filed Feb 11, 2011 17:11 UTC	Blackstone Inc. BX · Entity 2861	GiftBlackstone Holdings Partnership units · Derivative	12,693	$0.00	$0.00	Disclosure SEC source: 0001181431-11-009558 · rrd300986.xml · derivative · entry 2 Friedman Robert L. · CIK 0001085357 · Former Chief Legal Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,897,294 Underlying: Common units representing limited partnership units · 12,693 shares Expires not disclosed F1 · security: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.exercise_price: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F3 · kind: The Reporting Person donated 12,693 Blackstone Holdings partnership units to a charitable foundation. F1 · derivative.exercise_date: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.expiration_date: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. Read SEC document
March 03, 2010 Filed Feb 11, 2011 17:11 UTC	Blackstone Inc. BX · Entity 2861	GiftBlackstone Holdings Partnership units · Derivative	12,694	$0.00	$0.00	Disclosure SEC source: 0001181431-11-009558 · rrd300986.xml · derivative · entry 1 Friedman Robert L. · CIK 0001085357 · Former Chief Legal Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,909,987 Underlying: Common units representing limited partnership units · 12,694 shares Expires not disclosed F1 · security: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.exercise_price: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F2 · kind: The Reporting Person donated 12,694 Blackstone Holdings partnership units to a charitable foundation. F1 · derivative.exercise_date: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. F1 · derivative.expiration_date: A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2011 other than pursuant to transactions or programs approved by Blackstone. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.