George W. Rooney

Piscataqua Savings Bank-IM utilizes asset allocation among equities, fixed income and money market funds. Investment strategies are developed and implemented through the choice of optimal combinations of foreign and domestic financial assets.

DSI International Management employs an enhanced index strategy to invest in undervalued stocks that have improving fundamentals. A multi-factor model is used to rank each stock within the S&P 500 Index. The models composite score for each stock is then used to determine its weight in the portfolio relative to the stocks weight in the S&P 500 Index. The relative weight of each stock can vary up to a predetermined amount. The number of holdings in the portfolio will range from approximately 250 to 400 stocks. The portfolio is rebalanced, typically monthly, by reranking each stock in the S&P 500 Index using the multi-factor model. They may also use derivative contracts (including options and futures contracts) in strategies intended to simulate full investment in the strategy while retaining a cash balance for portfolio management purposes, to facilitate trading and reduce transaction costs.

Standish Mellon Asset Management Co. is a dedicated fixed income manager that offers a wide range of cash, credit-based and specialty bond strategies. The firm is effectively split into three divisions: the Active Fixed Income Division, the Tax-Sensitive Fixed Income Division and the Stable Value Division. Standish’s Active Fixed Income investment process combines top-down, macroeconomic analysis with bottom-up research to identify attractive securities based on proprietary, fundamental research. Their top-down approach includes macroeconomic research to assess the overall risk environment, and determine broad portfolio themes, industry emphasis, and overall portfolio quality. Standish’s Tax-Sensitive Fixed Income approach has an objective of achieving a high after-tax return on an absolute and risk-adjusted basis versus the benchmark. Their investment process emphasizes the identification of undervalued sectors and securities in the municipal and taxable bond markets. Their focus is to capitalize on yield anomalies among municipal and taxable sectors, identify undervalued securities, and pinpoint relative value between particular bonds. Standish's Stable Value investment process is marked by four key characteristics: a risk-averse style; a disciplined, quantitative approach; a flexible model; and opportunistic management. The objective is preservation of principal and the delivery of stable returns over time.

DSI International Management employs an enhanced index strategy to invest in undervalued stocks that have improving fundamentals. A multi-factor model is used to rank each stock within the S&P 500 Index. The models composite score for each stock is then used to determine its weight in the portfolio relative to the stocks weight in the S&P 500 Index. The relative weight of each stock can vary up to a predetermined amount. The number of holdings in the portfolio will range from approximately 250 to 400 stocks. The portfolio is rebalanced, typically monthly, by reranking each stock in the S&P 500 Index using the multi-factor model. They may also use derivative contracts (including options and futures contracts) in strategies intended to simulate full investment in the strategy while retaining a cash balance for portfolio management purposes, to facilitate trading and reduce transaction costs.