Stephen M. Elliker

Chartwell Investment Partners LLC (Chartwell) is a SEC-registered investment advisor headquartered in Berwyn, Pennsylvania. The firm was founded by Timothy Riddle in 1997 and is a subsidiary of Carillon Tower Advisers, Inc. (dba Raymond James Investment Management), which is owned by Raymond James Financial, Inc. (NYSE: RJF) in Great Britain. Chartwell provides investment supervisory services on a continuous basis to a variety of individual, institutional, investment company, private fund and corporate clients. The firm is a sub-adviser to investment companies registered under the Investment Company Act of 1940.

Founded in 1992 by Joseph Besecker, Emerald Research is a research firm located in Leola, Pennsylvania. The firm is the investment research arm of Emerald Asset Management, Inc. and is affiliated with registered investment advisor Emerald Advisors, Inc. They focus on providing in-depth, on-site fundamental research of primarily small- to mid-cap public companies in the consumer, financial services, life sciences and technology sectors. Emerald's intense fundamental research process results in over 2000 company visits per year. The firm seeks to identify early investment opportunities that are included in a variety of growth-oriented separate account and mutual fund equity portfolios. Their parent firm, Emerald Asset Management, also offers short, mid and long-term fixed-income separate account strategies which utilize a combination of proprietary quantitative models and fundamental analysis to create portfolios of high quality liquid securities.