The Investment Management Team, from time to time, is required to look to gain domestic and international exposure through high-quality equity issues. Concentration on markets, segments, and companies within them displaying many of the characteristics identified below, would be undertaken:

Fundamentals consistent with the current economic outlook; Superior management; Strong balance sheet/solid financial health; Stable dividend/earnings record; Undervalued securities; and Unique competitive advantage: low cost production /technological edge, and the like.