The strategy offers a diversified portfolio of companies across market caps and equity styles with exposure to large value, large growth, and small-mid cap stocks. Stocks are selected based on the themes that our research suggests works very well in their own right, but also in concert with each other. The strategy seeks to select high-quality stocks that are cheaper than peers, appreciating faster than peers, and have strong yield. The strategy is based on a separately managed account launched on January 2003. Please see the prospectus for the performance of that product.