Level Two: Manager Fact Sheet
Used in the Directed Account Plan Value Stock Option
as of 3/31/10
This Fund seeks to add value by emphasizing stock selection. The managers of this Fund follow a 3 step investment process – Research, Systematic Valuation, and Portfolio Construction. A team of 23 U.S. research analysts perform consensus research to create opportunities. A systematic valuation approach, a valuation tool, ranks stocks by expected total return and focuses on normalized earning and intermediate long term growth rates. in the portfolio construction process, the manager constructs diversified portfolios. The focus is on stock selection and limiting sector weightings to moderate deviations from neutral.
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.