Investment Objective
The Fund’s investment process utilizes an opportunistic approach that seeks to exploit inefficiencies and find undervalued companies
that are also under followed to construct a portfolio that is typically a blend of traditional and/or deep discount value stock as well as
undervalued growth stocks. The Fund seeks to outperform the Russell 2000 Value Index over a full market cycle.
The Sub-Advisor
Wells Capital Management was formed in 1996 and is located in San Francisco, California. The company has total assets
under management of over $349 billion.
Top Ten Holdings
STOCK
% PORTFOLIO
Interoil Corp
5.4
Randgold Resources Ltd
4.8
Chimera Investment Corp
3.1
McMoran Exploration Corp
2.8
Inc UAL Corp
2.3
Geo Group Inc
1.8
Tier Technologies Inc Cl-b
1.7
Hill Intl Inc
1.7
Intermec Inc
1.7
Range Resources Corp
1.6
Sector Allocation
SECTOR
% PORTFOLIO
Financials
20.3
Energy
19.3
Industrials
14.5
Information Technology
14.4
Materials
9.8
Consumer Discretionary
8.2
Cash Equivalents
5.6
Health Care
5.5
Consumer Staples
2.1
Telecommunication
0.7
Note: The underlying data has been obtained from sources considered to be reliable but its accuracy and completeness cannot be assured. This evaluation is for informational purposes only and is not intended to be an offer,
solicitation, or recommendation with respect to the purchase or sale of any security or a recommendation of the services supplied by any money management organization. Past performance is not a guarantee of future results.
* The Annual Return represents the fund’s actual return net of all monthly fees and expenses.
