The Large Cap Equity Fund will invest in a broad list of diversified U.S. equity securities (including ADRs) including large cap growth funds with characteristics of above average long term growth potential as well as value funds that have temporarily low valuations, relative to the market or to the comparable companies, of price to earnings and price to book characteristics. Income is secondary to growth and the portfolio’s managers may invest in a combination of large and smaller company securities while incorporating a tax efficient strategy. This fund is a lower risk equity option for investors.