| The Fund ordinarily invests at least 80% of its assetsin companies that, at the time of purchase, have market capitalizations eitherwithin the capitalization range of the Russell Midcap Value Index or of $15 billion or less. Vaughan Nelson Investment Management, L.P. ( Vaughan Nelson ) invests in medium-capitalization companies with a focus on those companies meetingVaughan Nelson s return expectations. Vaughan Nelson uses a bottom-up value oriented investment process in constructing the Fund s portfolio. VaughanNelson seeks companies with the following characteristics, although not all of the companies selected will have these attributes, 1. Companies earning a positive return on capital with stable-to-improving returns, 2. Companies valued at a discount to their asset value. and 3. Companies with an attractive and sustainable dividend level. |