|
The following table
provides a description of the four investment managers
and their allocation of the total portfolio, experience,
and investment style. The portion of the fund assigned
to each manager is fixed, with the specific objective
of maintaining exposure to large, mid-sized, and small
companies. These fixed allocations are allowed to drift
slightly under the scrutiny of the Advisor. The timing
and degree of any rebalancing is determined by the advisor.
| Investment Manager
| Target Manager Allocation
| Size of Companies
| Stock-Picking Style
|
| Mason Hawkins |
25% |
All sizes |
Value |
| Bill Miller |
25% |
All sizes, but mostly large and mid-sized |
Eclectic—may invest in traditional value stocks or undervalued growth stocks |
| Bill Nygren |
25% |
All sizes but mostly large and mid-sized |
Value |
| Michael Embler & Peter Langerman |
25% |
All sizes |
Value |
|
