Investment Objective

Our goal in the TIM Balanced portfolios is to provide long-term capital appreciation and income by investing in large-capitalization growth companies and high-quality fixed income securities combined with a strategic asset allocation overlay. The primary benchmark for this discipline is a blended 60%S&P 500/40% Barclays Capital Government/Credit Index.

Philosophy

• Fundamental and research driven approach to building a focused portfolio of unique business franchises where management strategies for growth and improving business fundamentals will increase intrinsic business value
• Active allocation between equities and fixed income
• Common stocks generally represent 60-70% of the portfolios’ total assets. The remaining 30-40% of the assets are primarily invested in investment grade bonds and cash (or cash equivalents).
• Broadly diversified
• High quality

Portfolio Structure

• Equity securities: minimum market cap of $5 billion (at time of purchase); no maximum market cap
• Broadly diversified by industry and sector
• Turnover range typically 30-40%
• Generally fully invested