Ms. Betty K. Taylor

Betty K. Taylor, Portfolio Manager, joined the firm in 1999.She served in a similar position at Investment Counselors of Bryn Mawr since 1996 after thirty-three years with Brown Brothers Harriman & Company.She graduated from Temple University, Summa Cum Laude.Ms. Taylor is a member of the Financial Analysts of Philadelphia, The Philadelphia Securities Association and the Philadelphia Estate Planning Council. WHAT ARE BALDWIN'S RESPONSIBILITIES AS SUB-ADVISER TO THE PORTFOLIO? Baldwin will be responsible for the day-to-day investments of the Portfolio and will choose the securities in which the Portfolio invests.Baldwin also will provide the Portfolio with investment advice and recommendations with respect to investments, investment policies and the purchase and sale of securities.Baldwin will report to and be under the general supervision of CQFA.CQFA will have primary responsibility for the activities of Baldwin and will report to the Board with respect to Baldwin's activities.

Betty K. Taylor , Managing Director , is Portfolio Manager of Baldwin Investment Management.She served in a similar position at Investment Counsellors of Bryn Mawr after thirty-three years with Brown Brothers Harriman & Company.She graduated from Temple University , Summa Cum Laude.Betty is a member of the Financial Analysts of Philadelphia , The Philadelphia Securities Association and the Philadelphia Estate Planning Council.