Jon D. Bosse, CFA John E. Conlin Craig (Chip) O. Bailey, Jr. Susi Budiman, CFA, FRM, FLMI Michael (Mike) J. Carne, CFA Gregg Dennis E.C. (Ted) Friedel, CFA Kevin A. Hunter Andrew (Andy) C. Hwang Mark A. Morris Kevin J. O'Brien Mark R. Patterson, CFA Darren T. Peers Martin (Marty) Pollack James (Jim) T. Stephenson, CFA David M. Stumpf, CFA, CFP Gregg S. Tenser, CFA Phyllis G. Thomas, CFA Kirk Allen Sean M. Renkly Kathy Seroff		NWQ operates its business with limited material assets. Our People are the assets that "drive" our business. NWQ has a powerful and collaborative approach to investing; all of our investment professionals are involved in research and contribute to portfolio construction. Analysts are encouraged and expected to present investment opportunities and discuss them with other investment professionals early in the research process. Also, the interaction of our People is dynamic. While we do employ a structure of daily and weekly research meetings for discussing investment opportunities, spontaneous and continuous discussions are equally as important. All of these forums provide our People the opportunity to receive invaluable feedback and to test the underlying fundamental assumptions embedded within an analyst’s investment recommendation.