CyrusOne, Inc.

DAM conducts in-house research and has a strong global research network. Their investment management philosophy is based on a mid-to-long-term perspective in which they try to identify hidden values which are not yet fully recognized in the market. The firm takes a balanced approach emphasizing both fundamental and quantitative analysis. DAM's basic assumption is that the market is not fully efficient and they employ a coherent investment process through organizational support at each phase of their 'Plan', 'Do' and 'Review' policy. They pursue stable excess mid-to long-term returns through suitable risk control, which they separate from investment management to ensure that the risk control system adequately monitors their investment process. The firm's research team analysts and portfolio managers discuss, evaluate and communicate market events and investment opinions, seeking to maximize portfolio performance. Company visits are important components of their bottom-up research process and are a primary source for their fundamental analysis.

CenterSquare invests client assets in investments in value-added real estate. The firm and their respective operating partners seek to add value to properties by stabilizing, enhancing and/or creating a property's income stream while improving its appearance, overall physical condition and position in the marketplace. They typically invest in office, industrial, retail, multi-family, and hospitality property assets. CenterSquare's strategy is designed to anticipate market turning points in order to overweight or underweight property types and geographic regions. The selection of property types and geographic regions is supported by the firm's top-down economic and capital markets forecasts. They incorporate research on private and public capital markets, national and regional economic trends and regional real estate submarkets into analysis and decision making throughout all stages of the property investment lifecycle, including acquisition, financing, leasing and disposition.

SBAM is a fundamentally focused investment firm. Their objective is to understand the facets of each company. First, they qualitatively evaluate a company's business model and competitive position versus its respective industry. Second, they compare specific company fundamentals against its peer group and broader sector. Finally, they assess a company's commitment to its dividend. Ultimately, SBAM seeks companies with strong fundamentals and a clear commitment to growing their dividend. The firm provides separate account investment advisory services in dividend-focused strategies, including Dividend Growth, Global Dividend Growth, International Dividend Growth and Select Dividend Growth. Each of these strategies primarily invests in dividend-paying common and preferred stocks with the potential for future dividend growth and capital appreciation. Because companies in certain sectors of the economy tends to provide dividends that companies in other sectors or industries, portfolios may gave a greater exposure to higher dividend-yield sectors and industries than the broad equity market. The strategies may invest in small-, mid- and large-cap companies. Dividend Growth typically invests in US companies, although investments in non-US companies are permitted. Global Dividend Growth invests in both US and non-US companies (primarily in developed markets). International Dividend Growth generally emphasizes non-US companies (primarily in developed markets), although investments in US companies are permitted. Select Dividend Growth invests in both US and non-US companies primarily in developed markets. Non-US investment exposure may be achieved by investing in ADRs.