• International ADR Strategy
    4Q 2017 [Lei Wang, CFA, Di Zhou, CFA]
    Over the course of 2017, growth in Europe and Japan surprised to the upside, while emerging markets benefited from increased global demand and a recovery in commodity prices.
  • Income and U.S. Government Bond Strategies
    4Q 2017 [Jason Brady, CFA, Lon Erickson, CFA, Jeff Klingelhofer, CFA]
    We continue to follow our central tenet of investing—seeking the best relative value in terms of risk and reward.
  • International Growth ADR Strategy
    4Q 2017 [Greg Dunn, Sean Koung Sun, CFA]
    We closely monitor the risk factors that the global economy needs to navigate.
  • U.S. Equity Strategy
    4Q 2017 [Connor Browne, CFA, Robert MacDonald, CFA]
    We believe that there are environments that are harder and those that are easier for intrinsic value–based active managers.
  • All Cap Growth Strategy
    4Q 2017 [Greg Dunn]
    We continue to consistently adhere to our process and philosophy that employs rigorous, bottom-up fundamental analysis.
  • Municipal Bond Strategies
    4Q 2017 [Christopher Ryon, CFA, Nicholos Venditti, CFA]
    On days when everyone is selling out of fear, we are going to look to be buying, and on days when everyone is buying, we are content to sit on our hands.

Investments in the Strategy carries risks, including possible loss of principal. Carefully consider the Strategy’s investment objectives, risks, and expenses before investing. There is no guarantee that the portfolio will meet its investment objectives.