Hardman Johnston
International Growth Fund
Fund Snapshot
*While the fund is no-load, management fees and other charges still apply. Please refer to the prospectus for further details.
** The Advisor has contractually agreed to waive its fees and reimburse expenses to the extent necessary to limit the Fund’s total annual fund operating expenses to an amount equal to the Management Fees until February 28, 2023.
***As of the Prospectus dated February 28, 2022.
| Ticker | HJIGX | HJIRX |
| CUSIP | 56170L885 | 56170L877 |
| Inception Date | 02/14/18 | 09/17/18 |
| Sales Charge | No Load* | No Load* |
| Net Expense Ratio | 1.00%** | 1.25%** |
| Gross Expense Ratio | 1.88%*** | 2.18%*** |
| Minimum Initial Investment | $100k | $3k |
| Subsequent Minimum Investment | None | None |
Fund Performance
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance on the fund may be lower or higher than the performance quoted. Returns shown are cumulative. All performance rounded to the nearest hundredth. Performance current to the most recent month-end may be obtained by calling 833-627-6668. It is not possible to invest directly in an index.
MSCI AC World Ex-USA Index is a market-capitalization-weighted index maintained by Morgan Stanley Capital International (MSCI) and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.- based companies.
Effective January 2, 2020, the Fund’s sub-advisor changed from Redwood Investments, LLC to Hardman Johnston Global Advisors LLC.
| HARDMAN JOHNSTON INTERNATIONAL GROWTH FUND DAILY PERFORMANCE AS OF 3/17/2023 | |||
|---|---|---|---|
| Fund | Ticker | Price | Change |
| Institutional | HJIGX | $10.39 | ($0.09) |
| Retail | HJIRX | $10.96 | ($0.10) |
| Quarterly Fund Performance As of 12/31/2022 | |||
|---|---|---|---|
| HJIGX^ | MSCI AC World Ex-USA | ||
| Q4 2022 | 20.33% | 14.28% | |
| 1 Year* | -23.59% | -16.00% | |
| 3 Year* | 1.16% | 0.07% | |
| Since Inception* (^Inception Date: 2/14/18) | 1.97% | 0.96% | |
Why Hardman Johnston International Growth Fund
HIGH CONVICTION
Portfolio holdings will be concentrated in securities that Hardman Johnston believes offer the optimal opportunity for capital appreciation. When selected for inclusion, a stock enters a concentrated portfolio, ranging from 20 to 30 positions with a typical holding period of 3 to 5 years. Portfolio construction applies diversification constraints to manage concentration risk within industries, countries, and single securities. We believe the outcome is a best ideas, risk aware, high conviction portfolio that seeks low turnover and high active share.
FUNDAMENTAL APPROACH
The investment team at Hardman Johnston believes that stock selection is key to investment performance. The Fund will employ a disciplined, bottom-up approach, based on fundamental research, investing in high quality companies with secular growth prospects when they are trading at an attractive relative valuation. It will search for companies with leading positions in their business segments that can be expanded, either locally or worldwide.
TEAM
Hardman Johnston is a boutique investment management firm with a global sector approach and deeply ingrained belief that a focused, long-term investment outlook is essential. The firm’s tight-knit team and investment culture is client-centered, performance-driven, and team-oriented which contributes to the effectiveness of the investment process.
The Fund’s investment approach is designed to take advantage of today’s vast information resources, as well as the fundamental judgment of experienced investment professionals. For over three decades, the firm has followed a focused and disciplined investment process that aims to produce concentrated, high conviction portfolios with low turnover and high active share.
