Level Two: Manager Fact Sheet
Used in the Directed Account Plan Diversified Small Company Stock Option
as of 6/30/10
This Fund pursues its objective of long-term capital appreciation by following a value investing philosophy that seeks to acquire common stocks of well-financed companies at a substantial discount to the Advisor’s estimate of the issuing company’s private market value or takeover value. The Fund intends to invest at least 80% of its total assets in the equity securities of small companies. The Fund considers a “small company” to be one whose market capitalization is in the range of capitalizations of companies in the Russell 2000 Index or the S&P Small Cap 600 Index at the time of initial investment.
Annual Performance
Comparison to Benchmark
* Note
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.