Aristotle Capital Management
International Equity
Strategy Overview
The International Equity strategy applies a fundamental, bottom-up security selection process to a universe of companies primarily domiciled outside of the United States and with market capitalizations typically in excess of $2 billion. The strategy may own foreign ordinary shares as well as American Depository Receipts (ADRs). Emerging market exposure is limited to 20% of the portfolio market value.
The objective of the International Equity strategy is to optimize long-term performance relative to the MSCI EAFE Index (Net) while providing adequate downside protection. Given the ability to invest in Canada and the emerging markets (up to 20%), we encourage our clients to also consider our returns as compared to the MSCI ACWI ex USA (Net) Index. Our investment process is based on fundamental, bottom-up research analysis and does not have explicit risk and return objectives.
Benchmarks: MSCI EAFE Index (Net); MSCI ACWI ex USA Index (Net)
Minimum Market Cap: Typically $2 billion at initial purchase
Sector Weights: Within 50%-200% of MSCI EAFE Index major sector weights
Country Weights: Within 50%-200% of MSCI EAFE Index major country weights; Maximum 20% allocated to emerging markets
Position Size: Maximum position size 6% of portfolio market value
Cash: Typically less than 5%
Vehicles Offered: Separate Account; Mutual Fund; Collective Investment Trust
Materials
