The Dividend All-Cap Value Strategy utilizes a fundamentally driven research process to identify attractive purchase candidates from an all-cap universe of high yielding equity securities.  The strategy invests in well-managed, financially strong companies with a high and growing dividend yield.  The strategy further targets companies that are trading at a meaningful discount to our assessed Absolute Value.  The stock selection process is complemented by a risk averse portfolio approach that employs a four-tier, 'Dynamic' diversification strategy and a structured sell discipline.