A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in mid-market capitalization U.S. stocks.
a TEAM OF MANAGERS
The Fund is sub-advised by three complementary asset managers:
Barrow: Constructs portfolios on a bottom-up basis,
reflecting price-to-earnings and price-to-book ratios below
the market and a dividend yield above the market.
LMCG: Focuses on stocks they believe are inexpensive
and offer a high probability of modest outperformance
rather than a low probability of high outperformance.
Pzena: Buys good businesses when they go on sale,
focusing on companies whose stock price is low relative
to normal earnings power; current earnings are below
normal; and management has a reasonable plan for
STRENGTH IN DIVERSIFICATION
The multi-manager approach brings
diversification to the Fund and helps
protect it from single-manager risk.
The Fund typically holds 140 to 160
Bottom-up portfolio construction lends itself
to a portfolio that is well diversified at the
security, industry and stock level.
Fund assets may include common and
preferred stocks, convertible securities,
American Depositary Receipts and foreign
stocks traded on U.S. exchanges.
Total Fund Assets
|LMCG Investments, LLC||
|Pzena Investment Management, LLC||
|Barrow, Hanley, Mewhinney & Strauss, LLC||
asset class spotlight:
Rich Pzena and Manoj Tandon,
Pzena Investment Management, LLC