Global Equity Fund

• Overview
• Manager
• Performance
• Holdings
• Commentary

Objective

To grow your capital at a pace that significantly exceeds inflation through exposure to a collection of leading businesses throughout the world.

Is This Fund For You?

You have a reasonable investment time horizon (over 5 years) and a moderate to high tolerance for risk.  Consider this fund if you seek exposure to a concentrated portfolio of companies in Europe, North America and Asia.

Geographic Profile

Global: the portfolio manager invests in equities around the globe. Concentration is focused in the developed world - western Europe, the United States, and Japan in particular. The fund's geographic allocation may vary considerably based on where the best opportunities lie.

Strategy

The fund concentrates its assets in 25-50 equities.  To be considered for inclusion in the fund, a company must: offer a product or service that makes sense and can be expected to gain market share over the long-term; have an appropriate risk/reward balance; have a proven ability to generate strong and stable cash flows; and trade at a reasonable valuation.  Emphasis is placed on stocks that are undervalued due to the market’s myopic investment horizon.

Unitholder Responsibilities

• This fund is designed to provide you with exposure to foreign equities and currencies; make sure it fits into your investment plan.
• Understand the meaning of foreign market risk and the impact that foreign currencies can have on performance.
• Learn about Edinburgh Partners and their investment philosophy.
• Keep in mind that a concentrated portfolio may have greater short-term volatility than an index.

Portfolio Manager

Edinburgh Partners

• Fund managers have an average of 20 years investment experience
• Global equity management from a European perspective