Portfolio management and security selection encompasses both fundamental and technical analysis. Management
employs internal and external intelligence in the execution of this approach.
The Strategy typically invests in 25-40 equities chosen primarily from the U.S.. Up to 10% of the strategy
can be invested in ADR securities from the major developed markets of Europe and Asia. The portfolio also
generates additional income through selling covered calls.
The Value Leaders LCV Strategy invests in equities with high dividends and with stock capitalization over
7.5 Billion. The strategy is concentrated in leading firms from the energy, healthcare, real estate, and
consumer staple sectors.