Evergreen_vs_Drawdown_Blank.xlsx  (the book's own figures, Appendix K)

   1. Sleeve drag!B3               0.124
   1. Sleeve drag!B4               0.042
   1. Sleeve drag!B5               0.2
   1. Sleeve drag!B13              0.0125
   2. Share classes!B4             0.05
   2. Share classes!B5             0.125
   2. Share classes!B8             0.0125
   2. Share classes!B9             0.0035
   2. Share classes!B17            0.0175
   2. Share classes!B18            0.0035
   2. Share classes!B19            0.0075
   2. Share classes!B32            10
   3. Drawdown fund!B3             100
   6. PME!B3                       0.09
   7. Volatility!B3                0.065
   7. Volatility!B4                0.45
   7. Volatility!B13               0.042
   7. Volatility!B19               0.06

   Sheet 3 schedule, years 0 to 10
   Calls:          20, 25, 25, 20, 10, 0, 0, 0, 0, 0, 0
   Distributions:  0, 0, 0, 0, 15, 26, 42, 48, 44, 34, 21

Result: a 164 bp sleeve drag, 8.64% and 7.55% net by class, 16.99% headline and 10.42% on committed
capital, a tie at a 13.25% headline, and an unsmoothed volatility of 10.55%.
