Portfolio Manager Profiles

American Funds:

• American Funds ranks among the nation’s three largest mutual fund families with over $750 billion in assets under management and over 40 million shareholder accounts as of December 31, 2008.
• Created in 1958, the multiple portfolio counselor system enables a number of experienced decision-makers to work within a fund’s guidelines and make independent investment decisions. This system has helped temper investment volatility and, most importantly, has produced consistent long-term investment results.

Investment Managers

• James K. Dunton
• James B. Lovelace
• Joyce E. Gordon
• R. Michael Shanahan

Davis:

• A privately owned, family-managed investment firm founded in 1969, Davis manages over $60 billion as of December 31, 2008, for both individual and institutional investors, with a focus on large-cap equity portfolios.
• Adheres to a signature fundamentals-based investment discipline used by the Davis family for over 50 years. Focuses on undervalued large-cap companies with strong potential for long-term earnings growth.

Investment Managers

• Christopher C. Davis, CEO and Portfolio Manager
  • Portfolio Manager for all large-cap value equity and financial stock portfolios with Davis.
  • Joined Davis in 1989 as a research analyst and has subsequently risen to assistant portfolio manager and portfolio manager.
  • MA, University of St. Andrews, Scotland.
  • Named Morningstar's "2005 Domestic-Stock Manager of the Year" along with Kenneth Feinberg.
• Kenneth C. Feinberg, Portfolio Manager
  • Joined Davis in 1994.
  • Previously a vice president with the Continental Corporation and a capital business analyst for the General Foods Corporation.
  • BA, Johns Hopkins University; MBA, Columbia University.
  • Named Morningstar’s "2005 Domestic-Stock Manager of the Year" along with Christopher Davis.

Dimensional Fund Advisors:

• Dimensional Fund Advisors, Inc. was founded in April 1981 to provide institutional investors with access to asset classes which provide the expectation of superior risk-adjusted returns. Our objective is to help clients structure globally diversified portfolios and to add value through engineering and trading. As of December 31, 2008, Dimensional had over $145 billion in assets under management.
• Working years ahead of the industry, Dimensional forged a new way to invest. The firm inaugurated its strategies in 1981 with early research into the stronger performance of small cap stocks. Later, a comprehensive analysis of stock prices worldwide deepened the strategy repertoire and set a new standard for portfolio design. This evolution reflects an abiding belief in financial science and the efficacy of capital markets.

Investment Managers

• Karen E. Umland, CFA, Vice President and Senior Portfolio Manager
  • Ms. Umland received her MBA from the University of California, Los Angeles (UCLA) and her BA from Yale University.
  • Ms. Umland began her career at Dimensional in 1993 as a general portfolio manager in the US equities team. After spending two years managing US strategies, she transferred to the international equity team as portfolio manager. Ms. Umland became the head of the international equity team in 1998. Since 1999, she has been a member of Dimensional's Investment Committee. She received her CFA designation in 1991.

Franklin Templeton:

• Franklin Resources, Inc., operating as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton and Mutual Series names. Headquartered in San Mateo, California, the company has over $580.2 billion in assets under management as of December 31, 2008.
• Specializing in a broad range of investment styles, Franklin Templeton Investments offers growth-, value- and global-oriented strategies, as well as fixed-income management. Bottom-up fundamental research by Franklin Templeton’s team of analysts and portfolio managers is the foundation for all of the firm’s products covering every major asset class.

Investment Managers

• Tucker Scott, CFA
  Executive Vice President
  • Mr. Scott joined the Templeton organization in 1996 and currently has responsibility for institutional and retail accounts. Mr. Scott has global research responsibilities for paper and forest products, commercial services and supplies, Switzerland and Austria, as well as small cap capital goods.
  • Prior to joining Templeton, Mr. Scott worked for Aeltus Investment Management, where his industry coverage included telecommunication equipment and financial services.
  • Mr. Scott earned his B.A. in history from the University of Virginia and an M.B.A. from the Amos Tuck School of Business at Dartmouth College. Mr. Scott is a Chartered Financial Analyst (CFA) Charterholder and member of the CFA Institute.
• Antonio Docal, CFA
  Senior Vice President, Portfolio Manager
  • Mr. Docal joined the Templeton organization in 2001. With more than 20 years of investment experience, Mr. Docal has research responsibility for the global chemical and automobile industries.
  • Prior to joining Templeton, Mr. Docal was vice president and director at Evergreen Funds in Boston, managing the Evergreen Latin America Fund and co-managing the Evergreen Emerging Market Fund and the Evergreen Global Opportunities Fund. Before this position, he was principal and co-founder of Docal Associates, Inc., and import/export and marketing consulting firm in Connecticut. Prior to that, he was an assistant treasurer in the mergers and acquisitions department at JPMorgan in New York City.
  • Mr. Docal earned a B.A. in economics from Trinity College in Connecticut and an M.B.A with concentrations in finance and international management from the Sloan School of Management at the Massachusetts Institute of Technology. Mr. Docal is a Chartered Financial Analyst (CFA) Charterholder.
• Cindy L. Sweeting, CFA
  Portfolio Manager, Director of Research, Global Equity
  • Cindy Sweeting, director of research of the Templeton Global Equity Group, joined Templeton's Nassau office in 1997 and has 25 years of experience in the investment industry. Currently based in Fort Lauderdale, Ms. Sweeting is the lead portfolio manager of Templeton International Smaller Companies Fund and co-manages Templeton Global Smaller Companies Fund. She also has portfolio management responsibility for significant institutional separate account relationships with both global and international mandates in addition to her research management responsibilities.
  • Prior to joining Franklin Templeton Investments, Ms. Sweeting was the vice president of investments with McDermott International Investments Co., Inc., in Nassau. At McDermott, she was responsible for the investment department, which encompassed portfolio management and pension administration.
  • Ms. Sweeting graduated summa cum laude from Georgetown University, where she earned her B.S. in business administration with a concentration in finance. She has served as vice president of the board of directors of the International Society of Financial Analysts (IFSA), which has now merged with the CFA Institute. She was a founding member and past president of the Bahamas Chapter of ISFA. Ms. Sweeting is a Chartered Financial Analysts (CFA) Charterholder.

Jennison:

• Jennison Associates began managing investments in 1969 as an SEC-registered investment advisor for tax-free, domestic large cap growth equity accounts, primarily for large institutions. The firm has since expanded its investment capabilities to include a range of equity, balanced and fixed income strategies for institutional, retail, and sub-advisory clients. As of December 31, 2008, Jennison's assets under management totaled $62.2 billion.

Investment Managers

• Michael Del Balso
• Kathleen McCarragher
• Spiros "Sig" Segals

John Hancock:

John Hancock Funds:

• John Hancock Funds, the mutual fund business unit of John Hancock Financial Services, offers a broad array of investment products, including open-end and closed-end funds, privately managed accounts and retirement accounts to retail and institutional investors. As of December 31, 2008, investors entrusted John Hancock with more than $10.7 billion.

Investment Managers

• Richard S. Pzena
  Founder, Managing Principal, Chief Executive Officer and Co-Chief Investment Officer of PIM.
  • Formed Pzena Investment Management in November 1995. Previously, director of U.S. Equity Investments and Chief Research Officer with Sanford C. Bernstein & Company.
  • BS & MBA, The Wharton School of the University of Pennsylvania.
• John P. Goetz
  Managing Principal and Co-Chief Investment Officer of PIM.
  • Prior to joining the firm in 1996, Mr. Goetz held a range of key positions at Amoco Corporation, most recently as the Global Business Manager for Amoco’s $1 billion polypropylene business.
  • MBA, Kellogg School at Northwestern University; BA, Wheaton College.
• Antonio DeSpirito, III
  Principal, Portfolio Manager and Senior Research Analyst of PIM.
  • Mr. DeSpirito covers a variety of industries as Senior Research Analyst and served as Portfolio Manager of the Pzena Small Cap Value strategy. He joined the firm in 1996.
  • JD, Harvard Law School; BS, The Wharton School of the University of Pennsylvania.

John Hancock Investment Management Services:

• John Hancock Investment Management Services ("JHIMS") oversees the investment activities of 64 of the nation's largest asset management firms who currently manage in excess of $230 billion (as of December 31, 2008) for John Hancock's U.S. business units. The 14 JHIMS personnel responsible for the selection and monitoring of these firms have an average of 11 years’ industry experience, ranging from recommending funds to brokers, consulting on the selection of funds for pensions and endowments, and managing pensions and endowments.
• MFC Global (U.S.A.) is the sub-adviser to each of the Lifestyle Portfolios. MFC Global (U.S.A.) provides investment advisory services to individual and institutional investors and is a wholly-owned subsidiary of John Hancock's ultimate parent, MFC.
• Deutsche Asset Management Inc (DeAM) provides sub-advisory consulting services to MFC Global (U.S.A.) in its management of the Lifestyle Portfolios. DeAM provides investment advisory services to retail and institutional clients. DeAM is a wholly-owned subsidiary of Deutsche Bank AG, an international commercial and investment banking group.

Investment Managers

• Steve Orlich, Vice President and Senior Portfolio Manager, Asset Allocation
  • Joined MFC Global (U.S.A.) in 1998 and is the portfolio manager of each Lifestyle portfolio.

OppenheimerFunds:

• OppenheimerFunds, Inc. has been serving the investment needs of financial advisors and their clients since 1960. OppenheimerFunds is one of the largest and most respected mutual fund companies in the U.S., with more than $145 billion in assets under management as of December 31, 2008, more than 60 mutual funds and more than 6 million shareholder accounts.
• Building on over four decades of investment experience, OppenheimerFunds combines discipline, individual accountability and collective insight to help investors achieve their financial goals.

Investment Manager

• George R. Evans, CFA
  • Senior Vice President and Portfolio Manager, Director of International Equities.
  • Joined OppenheimerFunds in 1990 and manages the Oppenheimer International Growth Fund. Additionally, he serves as the Director of International Equities, heading the OppenheimerFunds Global Equity Team, which oversees more than $40 billion in assets. He previously worked for three years at Brown Brothers Harriman & Company.
  • BA/MA, Oxford University; MBA, Wharton School of the University of Pennsylvania; Chartered Financial Analyst.

PIMCO:

• PIMCO is one of the world’s leading fixed income managers, offering clients access to the highest standard of excellence with an investment philosophy based on service, value, stability and vision. PIMCO managed $740 billion as of December 31, 2008 and has a client list that includes more than half of the 100 largest U.S. corporations.
• Offers a diverse family of 76 stock and bond funds. PIMCO’s renowned bond management team is led by Bill Gross, Morningstar's 1998 and 2000 Fixed Income Manager of the Year, Morningstar's first two-time winner.

Investment Manager

• William H. Gross
  • Co-founded PIMCO in 1971.
  • Named Morningstar’s 1998 and 2000 Fixed Income Manager of the Year along with other management team members.
  • BA, Duke University; MBA, University of California at Los Angeles Graduate School of Business.

Pzena Investment Management:

• Pzena Investment Management, LLC was founded in late 1995 by Richard Pzena and began managing assets on January 1, 1996. PIM manages over $10.7 million as of December 31, 2008.

Investment Manager

• Richard S. Pzena
  Founder, Managing Principal, Chief Executive Officer and Co-Chief Investment Officer
  • Mr. Pzena is the Founder, and Co-Chief Investment Officer of the firm. He is the architect of the firm's investment strategy, he conceived and developed the proprietary screening model and he serves as co-portfolio manager on each of the firm's domestic strategies.
  • Mr. Pzena is a member of the firm's Executive Committee. Prior to forming Pzena Investment Management in 1995, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein and Company. He joined Bernstein in 1986 as an oil industry analyst and was named to the Institutional Investor All America Research Team from 1988-1990. During 1990 and 1991, Mr. Pzena served as Chief Investment Officer, Small Cap Equities, and assumed his broader domestic equity role in 1991.
  • Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles.
  • He earned a B.S. summa cum laude and an MBA from the Wharton School of the University of Pennsylvania.
• John P. Goetz
  Managing Principal and Co-Chief Investment Officer
  • Prior to joining the firm in 1996, Mr. Goetz held a range of key positions at Amoco Corporation, most recently as the Global Business Manager for Amoco’s $1 billion polypropylene business.
  • MBA, Kellogg School at Northwestern University; BA, Wheaton College.
• Antonio DeSpirito, III
  Principal, Portfolio Manager and Senior Research Analyst
  • Mr. DeSpirito covers a variety of industries as Senior Research Analyst and served as Portfolio Manager of the Pzena Small Cap Value strategy. He joined the firm in 1996.
  • JD, Harvard Law School; BS, The Wharton School of the University of Pennsylvania.

T. Rowe Price:

• Founded in 1937, T. Rowe Price and its affiliates manage over $275 billion in assets as of December 31, 2008.
• T. Rowe Price focuses on paying an appropriate price for growth, determined through careful research and analysis of fundamentals, earnings, interest rates, economic growth, inflation and values.
• T. Rowe Price plays an important role in John Hancock Freedom 529’s success. Together, the expertise of T. Rowe Price and John Hancock results in a solid investment approach.

Funds Offered

• T. Rowe Price Blue Chip Growth Fund
  • Portfolio Manager: Larry J. Puglia, CFA and CPA,
  • Vice President and Committee Chairman
• T. Rowe Price Equity Income Fund
  • Portfolio Manager: Brian C. Rogers, CFA and CIC,
  • Chief Investment Officer and Committee Chairman
• T. Rowe Price Financial Services Fund
  • Portfolio Manager: Michael W. Holton,
  • Vice President and Committee Chairman
• T. Rowe Price Health Sciences Fund
  • Portfolio Manager: Kris H. Jenner, M.D., and D. Phil.,
  • Vice President and Committee Chairman
• T. Rowe Price Mid-Cap Value Fund
  • Portfolio Manager: David J. Wallack,
  • Vice President and Committee Chairman
• T. Rowe Price New Horizons Fund
  • Portfolio Manager: John H. Laporte, CFA,
  • Vice President and Committee Chairman
• T. Rowe Price New Income Fund
  • Portfolio Manager: Daniel O. Shakelford, CFA,
  • Vice President and Committee Chairman
• T. Rowe Price Science & Technology Fund
  • Portfolio Manager: Kenard W. Allen,
  • Vice President and Committee Chairman
• T. Rowe Price Short-Term Bond Fund
  • Portfolio Manager: Edward A. Wiese, CFA,
  • Vice President and Committee Chairman
• T. Rowe Price Short-Term Income Fund
  • Portfolio Manager: Edward A. Wiese, CFA,
  • Vice President and Committee Chairman
• T. Rowe Price Small-Cap Stock Fund
  • Portfolio Manager: Gregory McCrickard, CFA,
  • Vice President and Committee Chairman
• T. Rowe Price Spectrum Income Fund
  • Portfolio Manager: Edmund M. Notzon III., Ph.D. and CFA,
  • Vice President and Committee Chairman
• T. Rowe Price Summit Cash Reserves Fund
  • Portfolio Manager: James M. McDonald,
  • Vice President and Committee Chairman