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 five 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.
- DRZ: Minimum dividend yield of 1%, attractive relative valuation and imminent fundamental catalyst.
- H&W: Sustainable cash flows and strong balance sheets, undervalued relative to tangible assets and long-term normal earnings power.
- Newton: 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.
- 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
$4.7 Billion
Sub-Advisors (%)
Newton Investment Management North America, LLC |
20.3
|
Barrow, Hanley, Mewhinney & Strauss, LLC |
20.1
|
Brandywine Global Investment Management, LLC |
20.1
|
Hotchkis and Wiley Capital Management, LLC |
19.8
|
DePrince, Race & Zollo, Inc. |
19.7
|