Bradley University

AB's investment analysts create proprietary research to support our portfolio managers, who also can conduct their own research. Their portfolio management professionals then implement our discretionary investment strategies. The firm's professionals employ a range of investment strategies to implement the advice they give to clients including: long-term purchases, short-term purchases, trading, short sales, margin transactions, option strategies including writing covered options, uncovered options and spread strategies, and taking advantage of price differentials between two or more securities (arbitrage). Quantitative analytics are utilized in some of AB's investment activities, to assist in the selection of securities or the management of investment risk. It is often necessary for them to acquire or dispose of the same securities for more than one client account at the same time. In conducting security analysis, they utilize a broad spectrum of information, including without limitation financial publications, third-party research materials, annual reports, prospectuses, regulatory filings, company press releases, corporate rating services, inspections of corporate activities and meetings with management of various companies.

Brandes Investment Partners offers a range of equity and fixed income strategies. They have seven investment committees (six equity committees and one fixed-income committee) that are assigned to specific investment strategies. Their investment approach is based on Graham & Dodd value principles with places emphasis on long-term total return. As a value-oriented, global investment advisor, the firm applies fundamental analysis to bottom-up security selection. Brandes Investment Partners believes that consistently buying businesses at discounts to conservative estimates of their intrinsic value has the potential to produce competitive long-term results. Their goal is to outperform relevant benchmarks over the long-term. For equity strategy, the firm invests in both developed countries and those developing countries known as emerging and frontier markets. They generally expect their strategies to be invested in the equity securities of approximately 35-85 issuers, depending on the availability of stocks meeting their selection criteria. While Brandes Investment Partners' fixed income security selection approach focuses on securities they believe are priced below their actual value, they may also select securities for other reasons in order to manage portfolio characteristics including but not limited to average maturity, average rating, duration, and liquidity. Securities are generally sold as they reach or exceed our estimate of their intrinsic value.

CliftonLarsonAllen LLP provides wealth advisory, outsourcing, and public accounting services. It also offers audit and assurance, consulting, international, outsourcing, individual and business tax, and wealth advisory services. The company is headquartered in Minneapolis, MN.