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Lockwell Small Cap Value has been added to the investments that make up the DAP Diversified Small Company Stock Option.  Lockwell’s allocation in the option will be 10%, and the allocation for BlackRock Small Company Index will be reduced from 30% to 20%.

The DAP Board of Directors approved the addition of Lockwell to the investment structure in the fourth quarter meeting.  Rich Glass is the lead portfolio manager for Lockwell Small Cap Value and U.S. Small/Mid Cap Value strategies. Glass was with Morgan Stanley 1999 – 2010, has 19 years of investment experience and was the lead portfolio manager on Morgan Stanley Small Cap Value Fund which had been part of the Diversified Small Company Option.  The Board terminated the successor fund (Invesco US Small Cap Value) when Glass chose to leave Invesco.

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