GREAT LAKES ADVISORS, LLC

Great Lakes Advisors, LLC is an investment management firm based out of Chicago, Illinois. The company was established in 1981 and has expanded from its inception to now have additional locations in Lake Forest and Pewaukee. Great Lakes Advisors is headed by CEO, Manager, and Director Thomas R. Kiley and has grown to now operate with 66 employees of which 30 are investment professionals. The company was formerly known as Wayne Hummer Asset Management Company and currently operates as a subsidiary of Wayne Hummer Investments LLC. Great Lakes Advisors conducts its research both internally and externally, utilizing a quantitative and fundamental methodology with a bottom up approach to make its investment decisions. The company invests in the public equity and fixed income markets within the U.S., focusing on the value stocks of small and large cap companies and benchmarking its performance against various Russell, Barclays and S&P indexes. Great Lakes Advisors invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the industrials, information technology, health care, consumer staples, energy, and consumer discretionary sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings make up under a fifth of its total holdings and the company has a turnover rate of approximately 25.4%. Great Lakes Advisors holds over $6.4 billion in total assets under management spread across over 1,600 accounts, all of which are discretionary accounts except for 11 that make up approximately $970 million of its managed assets. The company mainly caters to individuals, which alone makes up over half of its entire clientele, and also provides services to a wide array of other clients. Great Lakes Advisors offers its Fundamental Equity, Disciplined Equity, Diversified Balanced, Long Short Equity Fund, Socially Responsible, and Fixed Income strategies.