Old Mutual Barrow Hanley Value Z (OBFOX)

Fund Fact Sheet 12-31-09 09-30-09 06-30-2009 03-31-2009 Prospectus Fact Sheet Explanation

Fund Summary The investment seeks long-term capital growth. The fund normally invests in equity securities of large and mid-cap companies with value characteristics. It may invest in common and preferred shares of undervalued stocks. The fund is nondiversified.

Fund Management James P. Barrow, Lead Manager since 03-Jan-06
Barrow has worked as a securities analyst for several major institutions including Citizens & Southern Bank of South Carolina, Atlantic Richfield and Reliance Insurance during his 43-year investment career. He is principal and founding partner of Barrow, Hanley, Mewhinney & Strauss. Barrow founded the firm in 1980. Previously, he spent eight years with Republic National Bank. Barrow has been in investment management since 1965.