INSIGHTS CULTURE MAJEDIE FUNDS INVESTMENT TRUSTS OUR TEAM CLIENT LOGIN International Equity Information Sheet Newsletter Factsheet Global Infusions Podcast Companies that disprove the ‘regression to mean’ hypothesis, and instead can create a future for themselves that is very different from the past, can be very rewarding for the long-term investor. The International Equity Fund is our global ex-US fund, managed by Tom Record. Fundamental analysis is at the core of the growth investing approach. We have the flexibility to be opportunistically contrarian and the conviction to add at times of drawdown. We seek to capture opportunities in Developed and Emerging Markets and take a long-term view. We expect relatively low portfolio turnover of 15–20% per annum. Portfolios are concentrated, with typically 40 stocks and diverse drivers of returns. We look for companies that may be investing heavily in growth opportunities or deepening competitive moats, such that near-term earnings are depressed. We also seek management teams who founded their business and retain a substantial shareholding, as well as situations where the returns on capital for the steady state business are high and, importantly, provide options for the deployment of that capital. We tend to look five years out to value a business using free cash flow, sum of the parts analysis, or various other valuation metrics specific to each investment. Different companies and business models merit different valuation approaches. Documents Performance Prices Charges This information is not intended to be an offer or solicitation of an offer to buy or sell securities. All rights in the referenced index are vested in the index owner and/or its licensors, who do not accept any liability for any errors or omissions in the index or any underlying data. Notes For further information, please refer to the Prospectus and/or KIIDs. Fund Manager Insights VIEW ALL MAJEDIE THE MAJEDIE DIFFERENCE OUR FUNDS CULTURE INSIGHTS STAFF LOGIN IMPORTANT INFORMATION CONTACT US SLIDE TO THE RIGHT TO VERIFY For information about what we do with your personal data please see our Privacy Notice. MAJEDIE ASSET MANAGEMENT 10 OLD BAILEY, LONDON UNITED KINGDOM, EC4M 7NG +44 (0)20 7618 3900 TWITTER majedie There is something askew – reflects Adrian Brass in this Investment Week Deep Dive – which is creating a fertile… twitter.com/i/web/status/1… majedie Congratulations to Emily Barnard for being a shortlisted nominee in the , and cat… twitter.com/i/web/status/1… © MAJEDIE ASSET MANAGEMENT LTD 2021 ACCESSIBILITY COOKIES MODERN SLAVERY PRIVACY STEWARDSHIP DISCLAIMER SITE BY CDA.GROUP