Investment Objective
The objective of the Fund is to achieve capital growth by identifying long-term value in international equity assets and to outperform
the Morgan Stanley EAFE (Europe, Australia and Far East) Index (Net).
The Sub-Advisor
Delaware Capital Management is a wholly owned subsidiary of Lincoln Financial Group, a financial services organization with
consolidated assets of more than $150 billion.
Top Ten Holdings
STOCK
% PORTFOLIO
Telefonica S.a Spon Adr
5.0
Unilever Plc Spons Adr New
4.8
Rwe Ag Spons Adr-usd
4.6
Banco Santander S.a.
4.6
Total S.a Spons Adr
4.6
Ing Groep Nv Spons Adr
4.1
Novartis Ag Adr
4.0
Kao Corp-jpy
3.7
Glaxosmithkline Plc Sp Adr
3.6
Bg Group Plc Spon Adr
3.4
Sector Allocation
SECTOR
% PORTFOLIO
Financials
26.8
Energy
15.6
Telecommunication
14.4
Health Care
7.6
Utilities
6.5
Consumer Staples
6.1
Consumer Discretionary
5.5
Miscellaneous Equity
5.4
Materials
5.3
Information Technology
4.6
Cash Equivalents
2.1
Note: The underlying data has been obtained from sources considered to be reliable but its accuracy and completeness cannot be assured. This evaluation is for informational purposes only and is not intended to be an offer,
solicitation, or recommendation with respect to the purchase or sale of any security or a recommendation of the services supplied by any money management organization. Past performance is not a guarantee of future results.
* The Annual Return represents the gross yield of the model portfolio for the stated Sub-Advisor.
