Hardman Johnston International Growth Fund Institutional Shares (HJIGX)

Overview

The described fund is an investment entity that aims to achieve its investment objective by primarily engaging in the purchase of equity securities of established companies that reside in various countries around the world, with the distinct exclusion of the United States. This approach emphasizes global diversification, avoiding exposure to U.S. markets. The investment strategy includes a broad geographical spread, mandating investments in securities from at least six different countries outside the U.S., spread across a minimum of eight distinct industries. This strategy suggests an effort to reduce risk by diversifying across different markets and sectors, acknowledging the varied performance of industries and countries in different economic cycles.

Products and Services

The fund offers a singular but well-defined investment product characterized by several key investment parameters:

• Equity Securities of Non-U.S. Companies: The primary focus is on investing in the equity securities of established companies. These are entities that have demonstrated a certain level of stability and success, domiciled outside of the United States. This product is designed for investors looking to diversify internationally, seeking to potentially capitalize on the growth and performance of companies in a variety of global markets.
• Global Diversification: The commitment to invest in securities from at least six or more non-U.S. countries and across at least eight industries is a testament to the fund’s dedication to global diversification. This approach is intended to mitigate the risks associated with concentration in specific countries or sectors, offering investors a broad exposure to global economic growth and industry-specific developments.
• Minimum Equity Investment: The fund adheres to a strict policy of investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. This policy underscores the fund’s focus on equity investments, while also allowing for a degree of flexibility in managing the fund’s assets. It is geared towards investors who are specifically interested in equity market exposure, particularly in non-U.S. markets.
• Non-Diversified Status: Despite its global reach and industry spread, the fund is classified as non-diversified. This means it may invest a larger portion of its assets in a smaller number of issuers. Such a strategy can lead to higher volatility and risk, as the fund’s performance may be more heavily influenced by the performance of a single investment or a small group of investments. This characteristic might appeal to investors with a higher risk tolerance, looking for potentially greater returns.