Investment Objective
A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in large market capitalization U.S. stocks.
A TEAM OF MANAGERS
The Fund is sub-advised by complementary asset managers that select stocks as follows:
- Barrow: Bottom-up analysis, with P/E and P/B ratios below the market and dividend yield above the market.
- H&W: Sustainable cash flows and strong balance sheets, undervalued relative to tangible assets and long-term normal earnings power.
- MFS: Undervalued, high-quality companies with sustainable, durable franchises, significant free cash flow and strong management teams.
STRENGTH IN DIVERSIFICATION
- The multi-manager approach brings diversification to the Fund and helps protect it from single-manager risk.
- The Fund’s bottom-up portfolio construction is well diversified at the security, industry and stock levels.
- The Fund’s assets may also include preferred stocks, convertible securities, American Depositary Receipts and foreign stocks traded on U.S. exchanges.
- As larger-cap companies return to their historical valuations, the Fund is well positioned to take advantage of this.
Total Fund Assets
$3.2 Billion
Sub-Advisors (%)
Hotchkis and Wiley Capital Management, LLC |
34.1
|
Massachusetts Financial Services Company |
33.1
|
Barrow, Hanley, Mewhinney & Strauss, LLC |
32.7
|