Portfolio Guidelines
- Typically 40–60 positions
- Maximum sector exposure is 35%
- Minimum U.S. exposure is 30%
- Minimum foreign exposure is 30%
- Maximum emerging market exposure is 20%
Market Capitalization
The Fund typically invests in securities with a market cap of $2.5 billion or greater.
Top Ten Equity Holdings
As Of March 31, 2019
| Howden Joinery Group PLC Industrials |
4.0% |
| Philip Morris International, Inc. Consumer Staples |
4.0 |
| MetLife, Inc. Financials |
3.3 |
| GlaxoSmithKline PLC Health Care |
3.3 |
| EssilorLuxottica S.A. Cons. Discretionary |
3.2 |
| Berkshire Hathaway, Inc. (Cl B) Financials |
3.1 |
| Samsung Electronics Co. Ltd. Info. Technology |
3.1 |
| Bank OZK Financials |
3.0 |
| Red Rock Resorts, Inc. (Cl A) Cons. Discretionary |
3.0 |
| Copa Holdings S.A. (Cl A) Industrials |
3.0 |
| Total As % Of Net Assets | 33.1% |
Sector Allocation1
As Of March 31, 2019
| Global Fund |
Morningstar Global Markets Index |
|
|---|---|---|
| Financials | 29.8% | 16.3% |
| Industrials | 15.8 | 11.5 |
| Cons. Discretionary | 14.2 | 11.2 |
| Health Care | 10.1 | 11.5 |
| Communication Services | 8.0 | 8.0 |
| Consumer Staples | 6.7 | 7.7 |
| Info. Technology | 5.3 | 15.1 |
| Energy | 3.8 | 5.8 |
| Materials | 3.6 | 5.3 |
| Real Estate | 0.0 | 4.3 |
| Utilities | 0.0 | 3.3 |
| Cash & Other | 2.6 | 0.0 |
Top Five Countries (%)
As Of March 31, 2019
| Global Fund | Morningstar Global Markets Index |
|
|---|---|---|
| United States | 59.7% | 53.3% |
| United Kingdom | 11.8 | 5.3 |
| Switzerland | 5.7 | 2.7 |
| France | 4.7 | 2.9 |
| China | 4.2 | 3.6 |
This is presented as supplemental information.
Regional Exposure (%)
As Of March 31, 2019
| Global Fund | Morningstar Global Markets Index |
|
|---|---|---|
| North America | 59.7% | 56.8% |
| Europe | 30.5 | 20.0 |
| Asia & Pacific | 7.2 | 21.1 |
| Latin America | 0.0 | 1.1 |
| Middle East & Africa | 0.0 | 1.1 |
This is presented as supplemental information.
