Why Choose This Strategy?

  • As a high active share, concentrated global equity fund.
  • To add diversification to US equity holdings.
  • As a complement to more value-oriented global strategies.

Investment Strategy

  • WCM uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as low or no debt, rising returns on invested capital, and reasonably predictable free cash flow generation. The team focuses on assessing the trajectory of a company's competitive advantage ("economic moat") and the alignment of its corporate culture with this economic moat.
  • The team's focus is on industry-leading, global companies led by visionary management teams with sound business strategies. These companies often dominate their industry, and the team believes they will continue that domination well into the future.
  • When selecting equity investments, the targeted minimum time horizon is 3-5 years.
  • Above-average returns can only be achieved by structuring portfolios distinct from market indices. As a result, the fund typically holds 30-40 companies, concentrated around the managers' best ideas.



Seeks long-term capital appreciation

Inception Date



WCM Investment Management

  Joined the Firm Began Investment Career
Paul Black Photo

Paul Black

Portfolio Manager and Chief Executive Officer

Full Bio

1989 1983
Mike Trigg Photo

Mike Trigg

Portfolio Manager and President

Full Bio

2006 2000
Sanjay Ayer Photo

Sanjay Ayer, CFA®

Portfolio Manager

Full Bio

2007 2002


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