CNI Charter Diversified Equity Fund - Manager Information

	Freeman Investment Management Co., LLC Target Allocation: 20%-30% Core Manager Freeman Investment Management follows a core conservative approach of diversification across all equity market sectors while conducting quantitative research analysis of companies to seek out the best performing stocks in each sector. Analysis includes ranking of price to earnings ratios, corporate earnings, price and trend momentum, and product viability within the industry group. The Managers John D. Freeman – Chairman, Chief Executive Officer & Chief Investment Officer Thomas M. Anichini, ASA, CFA – Director of Portfolio Management
	AMBS Investment Counsel Target Allocation: 10%-15% Alpha Manager AMBS Investment Counsel seeks opportunities for excess return in the Russell 1000 Value index plus stocks equivalent to, but found outside, the core marketplace. They follow a traditional fundamental large cap value approach with emphasis on dividends and hands on research and contacts. The Managers Barbara J. DeMoor, CFA – Chief Executive Officer Wayne A. Titche – Chief Investment Officer Allan J. Meyers, CFA  - Senior Vice President & Portfolio Manager
	SKBA Capital Management LLC Target Allocation: 20%-25% Alpha Manager SKBA Capital Management LLC seeks opportunities in both the large and middle-capitalization areas of the stock market while following a value-oriented style. The Managers Andrew W. Bischel, CFA  – Chief Executive Officer & Chief Investment Officer Kenneth J. Kaplan,CFA – Chairman Joshua J. Rothe' – President, Director of Research Matthew D. Zuck, CFA – Senior Vice President, Director of Corporate Development
	Turner Investment Partners Target Allocation: 30%-40% Alpha Manager Turner Investment Partners invests in growth equity securities for the portfolio. Their focus is on large cap securities, but the firm will also invest in mid cap companies. The Managers Robert E. Turner – Chairman & Chief Investment Officer Mark D. Turner – Vice Chairman & Senior Portfolio Manager Robb J. Parlanti – Senior Portfolio Manager/Security Analyst Halie W. O’Shea – Portfolio Manager & Security Analyst

The Russell 1000 Value Index measures the performance of those Russell 1000^® companies with lower price-to-book ratios and lower forecasted growth values.  The Russell 1000 measures the performance of the 1,000 largest companies in the Russell 3000^® Index.  The Russell 3000 Measures the performance of the 3,000 largest U.S. companies based on total market capitalization.  Russell Investment Group is the owner of the trademarks, service marks, and copyrights related to their indexes.