A multi-manager Fund seeking long-term capital appreciation primarily through investments in equity securities of issuers based outside the U.S.
TEAM OF MANAGERS
The Fund is sub-advised by three complementary asset managers:
Causeway: Focuses on how cash can be passed along to shareholders through dividends or share buybacks.
Lazard: High-quality manager that typically owns better-known, larger-cap stocks.
Templeton: Invests long-term in out-of-favor areas, in companies that are unloved by investors for the wrong reasons.
The Fund looks for undervalued securities in developed countries. Using bottom-up, fundamental analysis, the sub-advisors select securities that are attractively valued with improving growth prospects.
They look for companies with below-average price-to-earnings ratios and below-average price-to-book-value ratios.
They also seek companies with above-average dividend yields and above-average return on equity or earnings growth potential.
|Lazard Asset Management LLC||
|Causeway Capital Management LLC||
|Templeton Investment Counsel, LLC||