W.W. Grainger, Inc.

Longview Partners is a specialist asset management company focused entirely on the management of Global Equity portfolios. They are an active manager which utilizes a bottom-up, evidence-based process to seek investment opportunities based on fundamental research. The primary focus of the firm's investment process is to invest in high quality companies with strong business fundamentals and attractive cash-based valuations. Longview Partners uses its own in-house models to conduct this analysis. Longview Partners focus on three criteria for security selection: Quality, Business Fundamentals and Valuation. They also have a strict sell-discipline which is consistently adhered to. It is these bottom-up buy and sell decisions that drive portfolio construction.

ClearBridge Investments offers strong leadership, seasoned Portfolio Managers, and a well-resourced, centralized investment infrastructure operating from offices in New York and San Francisco. We benefit from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining our own investment strategies, philosophies and investment decision-making authority. ClearBridge currently has over 158 employees, including more than 54 investment professionals.

Coho Partners may use one or more of the following methods of analysis in formulating their investment advice and/or managing their clients' assets: charting; fundamental analysis; technical analysis; asset allocation; and mutual fund/ETF analysis. The firm's proprietary investment process, the Coho Relative Value Equity Strategy, is designed to protect principal in \"down\" markets while capturing a large percentage of the gains in \"up\" markets. In addition to the Coho Relative Value Equity Strategy, the firm offers alternative investment recommendations which are not limited to any specific product or service. Their primary focus is on individual stocks and bonds, mutual funds, ETFs, and government securities. Coho Partners may also offer advice with regard to warrants, corporate debt securities, commercial paper, CDs, and options contracts on securities.