Global Concentrated Equity Strategy

Why Choose This Strategy?

• For exposure to a focused selection of large-cap US and international stocks.
• As an actively managed, value-oriented, concentrated global 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 approximately 20 attractive large-cap companies from our approved list of US and international stocks.
• Market capitalization focus is greater than $5 billion at 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 (except the US) and no more than 30% in any industry.
• Position sizes are subject to a 15% 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.