Investment Objective
A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in small market capitalization U.S. stocks.
A 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.
- Mellon: Valuations in the bottom 40%; realizable earnings projections and cash flow; identifiable catalyst for change.
- Brandywine Global: Low valuations and attractive price momentum, combining quantitative analysis with fundamental insights.
- Foundry: 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.
- Hillcrest: Compelling value, growth and sentiment indicators, which help identify mispricing opportunities resulting from behavioral biases.
FAR-REACHING STRATEGY
The multi-manager approach of the Fund enhances the diversification that can help lessen portfolio volatility in the long term.
- 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.
Total Fund Assets
$4.5 Billion
Sub-Advisors (%)
Barrow, Hanley, Mewhinney & Strauss, LLC |
21.0
|
Mellon Investments Corp. |
18.0
|
Hotchkis and Wiley Capital Management, LLC |
17.9
|
Brandywine Global Inv. Management, LLC |
17.8
|
Foundry Partners, LLC |
13.0
|
Hillcrest Asset Management, LLC |
12.3
|