International Equity

Our objective is to grow client capital and deliver superior risk-adjusted performance by investing in undervalued international companies. We take a long-term perspective, analyzing and investing in businesses as if we were to buy them outright.

Mandate

Undervalued non-US equities, including up to 20% EM

Description

High conviction, fundamental, bottom-up, all cap, active management, with significant differentiation from the benchmark

Benchmark(s)

MSCI EAFE Index; MSCI ACWI ex. USA Index

Inception Date

July 2000

# of Holdings1

67

Cash

0-5%

Max Position Size

5%

Portfolio Turnover2

28.0%

Available Vehicle(s)

Limited Partnership (US Investors)

Collective Investment Trust (US Investors)

Separately Managed Accounts

’40 Act Fund

Our Investment Approach
1 As of 03/31/25. Permissible range is 60-100.
2 As of 03/31/25. 10-year average annual portfolio turnover, calculated quarterly.