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Rexiter's investment strategy is to earn investment return and manage investment risk by analyzing and actively managing country and industry exposure, and investing in companies within targeted country and industry ranges that demonstrate strong and most importantly, profitable earnings growth.
Ideal Investment
The ideal investment exhibits many of the following traits:
- Ability to generate and maintain strong earnings growth
- Quality management
- Strong finances
- Established market positions across a diversity of companies and industries
Portfolio Construction
- Use a liquidity-tiered fixed weight benchmark to determine a neutral position for country allocation.
- Employ active country allocations away from this neutral position based upon fundamental analysis of macroeconomic variables and equity market valuations
- Screen companies based on capitalizations and liquidity parameters to analyze roughly 300 companies in detail by:
- Studying published accounts and accounting policies for the underlying development of earnings
- Performing a "DuPont Analysis" of return on equity
- Analyzing the return of invested capital and the economic value added
- Analyzing the cash flow and capital spending and capital requirements of each company
Sell Discipline
The investment team will make a sell decision when:
- The current stock price is not supported by its expectations regarding the company's future growth potential
- The political, economic or financial health of the country changes
Investment Process Chart
Disclosure Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.
The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses and the returns and yields on the indices exclude expenses. Current performance of the Fund may be lower or higher than the performance quoted.
There is no guarantee that these investment strategies will work under all market conditions, and each investor should evaluate their ability to invest for a long-term, especially during periods of downturns in the market.
The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
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