Strategies

• Value-based investment model
• Emphasis on risk control
• Diversified across economic sectors
• Diversified across capitalization sectors
• Low portfolio turnover
• Long-term perspective
• Benchmark: S&P 500 Index

SELECT EQUITY STYLE

• Value-based investment model
• Above average risk parameters
• Non-diversified across economic sectors
• Non-diversified across capitalization sectors
• Higher portfolio volatility
• Small company emphasis