Investment Objective
A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in small market capitalization U.S. stocks.
TEAM OF MANAGERS
The Fund is sub-advised by six complementary asset managers, seeking stocks with:
- Barrow: Below-market valuations and above-market free cash flow yield.
- Brandywine Global: Low valuations and attractive price momentum, combining quantitative analysis with fundamental insights.
- Dreman: Proven track record of earnings growth, priced at below-market P/E ratios.
- H&W: Sustainable cash flows and strong balance sheets, undervalued relative to tangible assets and long-term normal earnings power.
- Opus: High quality, low valuations, strong growth prospects and a catalyst for stock price appreciation.
- The Boston Company: Valuations in the bottom 40%; realizable earnings projections and cash flow; identifiable catalyst for change.
FAR-REACHING STRATEGY
The multi-manager approach of the Fund enhances the diversification that can help lessen portfolio volatility in the long term.
- The Fund owns more than 500 different holdings.
- Its bottom-up portfolio construction is well diversified at the security, industry and stock levels.
- The primary emphasis is on finding undervalued securities with above-average earnings growth expectations.
Sub-Advisors (%)
| Brandywine Global Investment Management, LLC |
26.4
|
| The Boston Company Asset Management, LLC |
21.2
|
| Opus Capital Group, LLC |
18.7
|
| Barrow, Hanley, Mewhinney & Strauss, LLC |
14.1
|
| Hotchkis and Wiley Capital Management, LLC |
11.5
|
| Dreman Value Management, LLC |
8.1
|