Why choose this strategy?
- For investors seeking long-term appreciation through an allocation to small-cap international stocks.
- As an actively managed, value-oriented, international small-cap equity holding.
Investment strategy
- Strict, value-oriented approach that seeks out substantially underpriced companies with strong business fundamentals and proven shareholder-oriented management teams.
- Bottom-up selection process leads to the selection of 35-70 attractive small-cap companies from our approved list of international stocks.
- Market capitalization focus is less than $7.5 billion at the time of initial purchase.
- There are no specific country, sector or industry targets, as allocations are determined entirely through the stock selection process.
- Typically, portfolios have no more than 30% invested in a single country and no more than 25% in any industry.
- Position sizes are subject to a 7% maximum at the time of initial purchase.
- Foreign currency exposure may be hedged defensively for any currencies deemed significantly overvalued.
- Investment in emerging market securities is permitted only in countries that meet specific legal standards.
