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Asset Class / Style:
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International Equity / Core
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Benchmark:
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MSCI EAFE Index (net)
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Portfolio Assets:
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$63 MM as of 6/30/2010
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Overview |
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TS&W International 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 2,500+ actively traded stocks with a market capitalization of greater than $1 billion. From this universe, stocks are screened utilizing a proprietary four-factor screen. From the screen, approximately 350 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 70-90 stocks. Sector weightings must be +/- 10% versus the benchmark weightings (MSCI EAFE Index). The investment team employs a rigorous sell discipline.
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Top Holdings*
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As of 6/30/2010
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Vodafone Group Plc.
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2.5%
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Royal Dutch Shell Plc.
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2.3%
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First Pacific Co.
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2.3%
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Daito Trust Constrution Co Ltd.
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2.2%
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Air Water Inc.
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2.1%
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Hitachi Ltd.
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2.1%
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SIA Engineering Co Ltd.
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2.0%
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Novartis
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1.9%
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Nestle SA
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1.9%
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E.On
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1.9%
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Sector Weightings*
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As of 6/30/2010
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Financials
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25.2%
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Industrials
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14.8%
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Consumer Staples
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13.3%
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Information Technology
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8.6%
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Materials
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8.2%
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Consumer Discretionary
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7.4%
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Utilities
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6.4%
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Energy
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6.1%
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Telecom Services
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5.4%
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Health Care
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4.6%
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* 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.
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Disclosure
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The time-weighted Gross and Net performance stated above reflect the deduction of brokerage commissions and the reinvestment of dividends and other income. Gross performance does not include the deduction of investment management fees. The full disclosure statement is located at the top of the page in the "Additional Information" area.
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