PF International Value Fund Class P (0P0000P0TD)

Overview

The investment fund is structured to mainly concentrate on acquiring equity securities from large-scale international corporations perceived to be undervalued. This approach is strategically aligned with the belief of the fund’s sub-adviser in the potential growth and value enhancement of these selected investments. The scope of companies considered for investment generally falls within the market capitalization range identified by the MSCI Europe, Australasia and Far East (EAFE) Index, which encompasses a broad array of firms across different regions outside of the United States. This strategy enables the fund to diversify its investment portfolio considerably, mitigating risks and tapping into the growth potential of various global markets.

Products and Services

• Equity Securities of Large Foreign Companies

The core of the fund's investment strategy revolves around equity securities of large foreign companies that are deemed to be undervalued. By focusing on companies with market capitalizations similar to those listed in the MSCI EAFE Index, the fund seeks to invest in entities with significant growth potential yet are currently undervalued in the market. This approach aims at maximizing returns by capitalizing on the eventual market correction of these undervaluations.

• ADR Investments

In addition to direct investments in equity securities, the fund also considers investments in American Depositary Receipts (ADRs). ADRs represent a way to invest in non-US companies while the securities themselves are traded on U.S. exchanges. This allows for simplified access to foreign markets, potentially enhancing liquidity and providing an avenue for diversification into regions represented by the MSCI EAFE Index without the complexities of direct foreign market investments.

• Mid-Capitalization Companies

While the main focus is on large-cap companies, the fund does not shy away from investing in mid-capitalization companies as well. These are companies with market capitalizations that are lower than those in the top range of the MSCI EAFE Index but are considered to have significant upside potential. Including mid-cap companies in the portfolio allows for a balanced risk-return profile, leveraging the potential high growth rates of these firms while maintaining a diversified investment approach.