Emerging Markets Leaders Fund

Investment Objective

Long-term capital appreciation

Fund Characteristics

The Fund seeks to invest in emerging markets companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings growth, resulting in a focused portfolio of leading companies.

Investment Approach

  • The Emerging Markets Leaders Fund will invest in mid and large capitalization companies, which William Blair currently defines as those companies with a market capitalization of at least $5 billion at the time of the Fund’s initial investment.
  • The Fund will seek well-managed companies with superior business fundamentals, including global leadership in product quality or cost competitiveness, dominant or improving market position within a growing or local or regional economy, and sustainable above-average and/or increasing returns on invested capital.
  • The Fund may invest in new companies, both through initial public offerings (“IPOs”) and private placements.
  • The Fund will normally be invested in at least six different countries. The Fund’s sector and geographic diversification will vary, based on the ongoing evaluation of economic, market and political trends throughout the world.
  • Currently, emerging markets include every other country in the world other than the United States, Canada, Japan, Australia, New Zealand, Hong Kong, Singapore and most Western European countries.

Why Consider This Fund?

  • Provides focused investments in leading companies in terms of products, services, and execution
  • Historically consumer-focused, reflecting a growing opportunity set
  • Managed by a seasoned team with decades of emerging markets experience
International investing involves special risk considerations, including currency fluctuations, lower liquidity, economic and political risk. Investing in emerging markets can increase these risks.