Investment objective & strategy
As of May 6, 2024 · prospectusObjective. The investment objective of the WCM Focused Global Growth Fund (the Fund) is long-term capital appreciation.
Strategy. The Fund invests primarily in equity securities of companies located throughout the world, including the United States. Under normal market conditions, the Fund invests at least 40% of its net assets in companies organized, headquartered or doing a substantial amount of business outside the United States including emerging and frontier market countries. Emerging and frontier countries or markets are those countries or markets with low- to middle-income economies as classified by the World Bank or included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier markets indices. The Funds advisor considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has … The Fund invests primarily in equity securities of companies located throughout the world, including the United States. Under normal market conditions, the Fund invests at least 40% of its net assets in companies organized, headquartered or doing a substantial amount of business outside the United States including emerging and frontier market countries. Emerging and frontier countries or markets are those countries or markets with low- to middle-income economies as classified by the World Bank or included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier markets indices. The Funds advisor considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the country, or if the company derives at least 50% of its revenues or net profits from, or has at least 50% of its assets or production capacities in, the country. The Funds advisor considers a company that has at least 50% of its assets, or derives at least 50% of its revenues from business, outside the United States as doing a substantial amount of business outside the United States. The Funds equity investments include common stock, including common stock that is offered in initial public offerings (IPOs), and depositary receipts. The Funds investments in depositary receipts may include American, European, Canadian and Global Depositary Receipts (ADRs, EDRs, CDRs and GDRs, respectively). The Funds advisor uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as long-term historical growth in revenue and earnings, and/or a strong probability for superior future growth. The advisors investment process seeks companies that are industry leaders with strengthening competitive advantages; corporate cultures emphasizing strong, quality and experienced management; low or no debt; and attractive relative valuations. The Funds advisor also considers other factors including political risk, monetary policy risk, and regulatory risk in selecting securities. Although the Fund may invest in securities of any size companies, it generally invests in the securities of large, established multinational companies. The Fund generally invests in securities of companies located in different regions and in at least three different countries. However, from time to time, the Fund may have a significant portion of its assets invested in the securities of companies in one or a few countries or regions. The Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.
Top holdings
As of Sept. 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLOVIN CORP | — | $31.54M | 6.09% |
| GENERAL ELECTRIC CO | — | $24.51M | 4.73% |
| AMAZON.COM INC | — | $24.37M | 4.71% |
| Zywave_Pfd Equity | ZURN SW | $23.56M | 4.55% |
| Novo Nordisk A/S - Class B | NOVOB DC | $21.15M | 4.09% |
| MSILF Treasury Portfolio, Class Institutional | MISXX | $21.12M | 4.08% |
| Zywave_Pfd Equity | ZURN SW | $19.69M | 3.80% |
| MICROSOFT CORP | — | $18.78M | 3.63% |
| NVIDIA CORP | — | $16.83M | 3.25% |
| UNITEDHEALTH GRP | — | $16.09M | 3.11% |
Portfolio moves
Jun 30, 2024 → Sep 30, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Allspring Discovery All Cap Growth Fund | 24% | 0.85% |
| Delaware Ivy Accumulative Fund | 21% | 0.74% |
| Delaware Select Growth Fund | 21% | 0.89% |
Footnotes
- Net assets and holdings count as of September 30, 2024, from the fund's N-PORT filing.
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