Advisors Capital International Fund (ACIFX)

Overview

This fund is geared towards investors looking for international exposure in their portfolios. With a strategy that focuses on investing a significant portion of its assets in securities from a diverse range of foreign issuers, it aims to spread its investments across at least three different countries. The guiding principle of the Sub-Advisor is to pursue long-term investments in companies that are thought to be undervalued but have a conservative structure, possess a competitive edge, show dynamism in their operations, have an increasing free cash flow, and are under competent management. This investment approach signals a thorough selection process aimed at identifying companies that not only present a good value but also have solid growth prospects and stable leadership, laying the groundwork for potentially strong returns for its investors.

Products and Services

• Securities of Foreign Issuers

The main product of this fund is its investment in securities of foreign companies. By allocating at least 40% of its assets into companies based outside of the investor's home country, the fund offers a diversified international portfolio. These securities encompass a variety of financial instruments, including but not limited to, stocks in publicly traded companies, government and corporate bonds, and other financial assets. This diversification is aimed at reducing risk by spreading investments across different markets and economies.

• Long-Term Dynamic Company Investments

The fund seeks to invest in dynamic companies with a long-term perspective. These are businesses identified by the Sub-Advisor as having robust competitive advantages, such as unique products, innovative technologies, or strong market positioning. The focus is on entities that show a pattern of growing free cash flows—a sign of financial health and efficiency. Such companies are also evaluated on the quality of their management teams, as competent leadership is considered crucial for navigating market challenges and seizing growth opportunities.

• Investment in Attractively-Valued Companies

Another key component of this fund's strategy is the emphasis on investing in companies that are believed to be attractively valued. This involves a rigorous analysis to identify companies trading at prices that are considered low relative to their intrinsic values. By targeting these undervalued opportunities, the fund aims to maximize returns for its investors when these companies' true values are realized by the market. This approach requires a deep understanding of global markets and the ability to accurately assess the potential of different companies.

• Diverse Global Exposure

By ensuring that its investments span at least three foreign countries, the fund provides its investors with broad exposure to global markets. This strategy not only taps into the growth potential of various economies but also mitigates risk through geographical diversification. Investors benefit from the potential outperformance of international markets over their domestic counterparts, gaining access to industries and sectors that may not be well represented in their home country's stock market.