|
|
 |
 |
|
Asset Class / Style:
|
International Equity / Core
|
|
|
|
Market Capitalization:
|
Small Cap
|
|
|
|
Benchmark:
|
MSCI EAFE Small Cap Index
|
|
|
|
Portfolio Assets:
|
$3 MM as of 6/30/2010
|
|
|
|
|
|
Overview |
|
TS&W International Small Cap portfolios are invested using a core investment style in companies within developed markets with the flexibility to include emerging market opportunities. The initial universe consists of 2,000+ actively traded stocks with a market capitalization of between $300 million and $4 billion. From this universe, stocks are screened utilizing a proprietary four-factor screen. From the screen, approximately 300 companies representing the highest ranked stocks across the 10 global economic sectors are identified for further research. Fundamental analysis is then used to build a portfolio of approximately 80-120 stocks. Sector weightings must be +/- 10% versus the benchmark weightings (MSCI EAFE Small Cap Index). The investment team employs a rigorous sell discipline.
|
|
|
|
Top Holdings*
|
As of 6/30/2010
|
|
|
|
|
First Pacific Co.
|
|
4.0%
|
|
|
|
Message Co. Ltd.
|
|
2.5%
|
|
|
|
ARA Asset Management Ltd.
|
|
2.4%
|
|
|
|
Bertrandt AG
|
|
2.1%
|
|
|
|
Synergy Healthcare Plc.
|
|
2.0%
|
|
|
|
Kingdee International Software
|
|
1.9%
|
|
|
|
Britvic Plc.
|
|
1.8%
|
|
|
|
Newalta Corp.
|
|
1.8%
|
|
|
|
Toho Holdings Co. Ltd.
|
|
1.8%
|
|
|
|
Kapsch Trafficcom AG
|
|
1.7%
|
|
|
|
|
|
Sector Weightings*
|
As of 6/30/2010
|
|
|
|
|
Industrials
|
|
21.4%
|
|
|
|
Financials
|
|
17.4%
|
|
|
|
Consumer Discretionary
|
|
15.4%
|
|
|
|
Health Care
|
|
13.3%
|
|
|
|
Information Technology
|
|
9.7%
|
|
|
|
Consumer Staples
|
|
7.8%
|
|
|
|
Materials
|
|
6.8%
|
|
|
|
Energy
|
|
4.3%
|
|
|
|
Utilities
|
|
3.8%
|
|
|
|
|
|
|
* The portfolio is actively managed and holdings are subject to change, and should not be considered as investment recommendations to buy individual securities. Sector weights might not add up to 100.0% due to rounding.
|
|
|
|
|
|
|
|
|
|
Disclosure
|
|
The time-weighted Gross and Net performance stated above, reflects the deduction of trading expenses and the reinvestment of dividends and other income, but does not make allowance for withholding taxes. Gross performance does not include the deduction of investment management fees. Net performance reflects investment management fees charged based on the standard fee schedule below applied to any non-fee paying portfolios in the composite and actual fees charged for fee paying portfolios in the composite. The full disclosure statement is located at the top of the page in the "Additional Information" area.
|
|
|
|
|
