DAC Audio Commentary: August 28, 2015

Focus: Current market activity and our views on how to position from here.

C. Troy Shaver, Jr. – Chief Executive Officer & Sr. Portfolio Manager
Jere E. Estes, CFA® – Chief Investment Officer & Sr. Portfolio Manager
Michael W. Nix, CFA® – Managing Director of Investment Strategy & Portfolio Manager
Ying ‘Susie’ Wang, CFA® – Director of Research & Portfolio Manager