Investment objective & strategy
As of Feb. 6, 2023 · prospectusObjective. C WorldWide International Equities Fund (the Fund) seeks to achieve long-term growth of capital exceeding the return of the market after expenses with a moderate risk profile in line with or below the market risk.
Strategy. The Fund typically invests in a portfolio of common stocks of a limited number of sustainable growth companies worldwide excluding the United States. The Fund primarily invests in common stocks of between 25-30 large cap companies of which the Adviser has detailed knowledge and believes to represent promising long-term investment opportunities. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. The Fund will invest in common stocks of issuers in various regions and countries and may invest all of its assets in such companies. In seeking to identify sustainable growth companies, the Adviser employs a generalist analytic structure with the exception of select geographic regions that … The Fund typically invests in a portfolio of common stocks of a limited number of sustainable growth companies worldwide excluding the United States. The Fund primarily invests in common stocks of between 25-30 large cap companies of which the Adviser has detailed knowledge and believes to represent promising long-term investment opportunities. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. The Fund will invest in common stocks of issuers in various regions and countries and may invest all of its assets in such companies. In seeking to identify sustainable growth companies, the Adviser employs a generalist analytic structure with the exception of select geographic regions that require specialist expertise such as India and select Asian markets. The Funds stock selection process begins with qualitative assessments of companies by the Advisers investment team. As part of these assessments, the Adviser evaluates, among other criteria, the quality of a companys business model, a companys financial metrics and valuation, the quality of a companys management and environmental, social and governance (ESG) factors. In incorporating ESG factors into its investment process, the Adviser seeks to identify sustainable companies that follow good business practices. The Fund is typically focused on selecting high-quality companies with consistent/recurring revenues, stable free cash flows and sustainable returns on invested capital. The objective is to construct a well-diversified portfolio of unique companies exposed to diverse structural growth themes. The Advisers approach is based on fundamental research. Such research is informed by visiting companies, participating in investment workshops and seminars, generating proprietary research and reviewing third party research with a focus on both developed and emerging markets. The Advisers fundamental evaluation of stocks is dependent on a combination of factors, including risk return considerations, coupled with market sentiment and economic data. The Adviser monitors investments for changes in the factors above, which may trigger a decision to sell a security, but does not require such a decision. The Adviser may consider selling a security if alternative investment ideas have been developed. The Adviser may also sell a security to meet redemptions. The Fund is non-diversified, which means that a significant portion of the Funds assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors than a diversified mutual fund. Although the Fund may not concentrate (invest 25% or more of its net assets) in any industry, the Fund may focus its investments from time to time in one or more sectors of the economy or stock market. The Fund may also invest in depositary receipts or other securities that are convertible into securities of foreign issuers. The Fund may invest in foreign currencies and may engage in other foreign currency transactions for investment or hedging purposes. A portion of the Funds assets may be held in cash or cash equivalent instruments, including, but not limited to, short term investment funds and/or Government securities. These cash or cash equivalent holdings may serve as collateral for the positions the Fund takes and also may also earn income for the Fund.
Top holdings
As of Sept. 29, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NOVO NORDISK-B | — | $83.59K | 8.58% |
| FERGUSON PLC | — | $58.09K | 5.96% |
| ASML Holding NV | — | $50.63K | 5.20% |
| HDFC BANK LTD SPON ADR | — | $48.33K | 4.96% |
| LINDE PLC | — | $47.66K | 4.89% |
| ASTRAZENECA PLC | — | $45.59K | 4.68% |
| NESTLE SA (REG) | — | $43.24K | 4.44% |
| HOYA CORP | — | $40.97K | 4.21% |
| SONY GROUP CORP | — | $40.89K | 4.20% |
| SIEMENS AG-REG | — | $38.01K | 3.90% |
Portfolio moves
Jun 30, 2023 → Sep 29, 2023How 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. |
|---|---|---|
| PF International Growth Fund | 32% | 0.97% |
| Delaware International Equity Fund | 26% | 0.79% |
| Allspring VT International Equity Fund | 26% | 0.70% |
Advisers
| Firm | Role |
|---|---|
| C WorldWide Asset Management Fondsmaeglerselskab A/S | Adviser |
Footnotes
- Net assets and holdings count as of September 29, 2023, from the fund's N-PORT filing.
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