NS Partners International Equity Focused

Series

As of March 31, 2025

Quick Facts

Inception Date
October 6, 2022
Fund Category
International Equity
Fund Code (A|F)
CCL1350
Fund Code (A|F)
CCL1351
Assets
$46,002,507
Unit Price
$11.91
Unit Price
$12.17
Management Fee (A|F)
1.90%
Management Fee (A|F)
0.90%
Risk Level
Low to Medium
Minimum Investment
$5,000
Subsequent Investment
$500
Systematic Purchase
$100
Trade Settlement
T+1*

*Prior to May 27, 2024, the trade settlement cycle for CC&L Funds was trade date (T) + 2.

Distributions

Income
Monthly
Capital Gains
Annually

Objectives

  • Return Objective: MSCI EAFE Index Net + 3% per annum over a market cycle
  • Risk Objective: 3% – 4% average tracking error per annum over a market cycle

Highlights

  • Experienced team with proven track record
  • Unique Investment Philosophy: Emphasizes inflection points in liquidity conditions and stocks with improving economic profitability
  • Differentiated Investment Process: Designed to steer fundamental stock selection to countries with a favorable market environment
  • Focused Risk Management: Employs a factor risk model designed to avoid unintended country, sector or company exposure

Portfolio Manager

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Founded in 1988, NS Partners Ltd is an investment manager based in London, England providing actively managed global equity investment management services to major companies, pension funds, foundations, endowments and high net worth individuals around the world. NS Partners Ltd is part of Connor, Clark & Lunn Financial Group Ltd., one of Canada’s largest privately owned asset management firms responsible for the investment of over $133 billion in financial assets through its affiliated investment managers on behalf of institutional, private and retail clients.

More Information on NS Partners Ltd

Fund Returns1

YTD 1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Since Inception
Series A
(CCL 1350)
-0.62% -3.29% -0.62% -4.31% -1.53% - - - 9.34%
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Calendar Year Returns 6.52% 9.27% - - - - - - - -
Series F
(CCL 1351)
-0.37% -3.21% -0.37% -3.89% -0.60% - - - 10.51%
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Calendar Year Returns 7.49% 10.56% - - - - - - - -

Top Ten Equities2

SAP SE
3.83%
Schneider Electric Sa
2.83%
Mitsubishi UFJ Financial Group
2.77%
Astrazeneca PLC
2.68%
Kbc Groep Nv
2.58%
Sony Group Corp
2.55%
Hannover Rueckversicheru-Reg
2.52%
Lonza Group Ag-Reg
2.43%
Keyence Corp
2.32%
ASML Holding NV
2.25%
Total
26.77%

Sector Allocation2

Energy
2.25%
Materials
5.06%
Industrials
19.33%
Consumer Discretionary
8.75%
Consumer Staples
5.69%
Health Care
11.77%
Financials
22.15%
Information Technology
14.34%
Communication Services
4.50%
Utilities
1.73%
Real Estate
1.87%
Total
97.44%

Regional Allocation2

For further information, please contact Connor, Clark & Lunn Funds Inc. Toll Free at 1-888-824-3120.

1.Returns are calculated net of management fees, trading and operating expenses. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Pleasevread the prospectus before investing. The indicated rate(s) of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The specified distribution rates is a target only and may be adjusted from time to time by the Manager without prior notification to unitholders. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 2.Allocations may not add to 100% due to rounding. Connor, Clark & Lunn Funds Inc. has retained NS Partners Ltd. to act as portfolio manager for the NS Partners International Equity Focus Fund.

http://ccl-logo-white

CC&L Funds is part of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), an independently owned multi-boutique asset management firm whose affiliates are collective responsible for over $142 billion in assets under management on behalf of institutional and individual investors.

Annualized

Class or currency

As of March 31, 2025 6 months YTD 1 Year 3 Years 5 Years Since Inception
NS Partners International Equity Focus Fund - Series F -3.89% -0.37% -0.60% N/A N/A 10.50%

Annual

Class or currency

As of December 31, 2024 2024 2023 2022 2021 2020
NS Partners International Equity Focus Fund - Series F 7.49% 10.56% N/A N/A N/A

Inception Date

NS Partners International Equity Focus Fund - Series A : October 6, 2022

NS Partners International Equity Focus Fund - Series F : October 6, 2022


Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [do] not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.


Fund performance is stated net of all management and performance fees and after trading and operating expenses. For more information on fund performance, please contact us at[email protected].


Source: Connor, Clark & Lunn Financial Group Ltd.


The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.

Current Net Asset Value

Class or Currency

Date Class Price Change Change
April 22, 2025 F $11.7061 -$0.019 -0.16%

Historical Net Asset Values

From

To

Class or Currency

Date Class Price Change Change
April 21, 2025 F $11.7251 $0.0562 0.48%
April 17, 2025 F $11.6689 -$0.0261 -0.22%
April 16, 2025 F $11.695 -$0.0356 -0.30%
April 15, 2025 F $11.7306 $0.1975 1.71%
April 14, 2025 F $11.5331 $0.2537 2.25%
April 11, 2025 F $11.2794 -$0.0789 -0.69%
April 10, 2025 F $11.3583 $0.5408 5.00%
April 9, 2025 F $10.8175 -$0.2359 -2.13%
April 8, 2025 F $11.0534 $0.3805 3.57%
April 7, 2025 F $10.6729 -$0.7161 -6.29%

1-62

Source: Connor, Clark & Lunn Financial Group Ltd.

The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.

Regulatory

Annual Management Report of Fund Performance (MRFP)

Download

Interim Management Report of Fund Performance (MRFP)

Download

Annual Financial Statements*

Download

Interim Financial Statements*

Download

Simplified Prospectus

Download

Portfolio Disclosure

View

Fund Fact Sheets

NS Partners International Equity Focus Fund Series A

Download

NS Partners International Equity Focus Fund Series F

Download

NS Partners International Equity Focus Fund Series I

Download

*In order to comply with the International Ethics Standards Board for Accountants (“IESBA”) Code of Ethics for Professional Accountants, the auditor of CC&L Funds, KPMG LLP, is required to publicly disclose the audit and non-audit fees, on an annual basis, charged to public interest entities.

In connection with the audits of the financial statements of the public interest entities managed by CC&L Funds for the year ended December 31, 2023, the following fees (excluding applicable taxes) were paid or payable to KPMG LLP: $178,101 for audits of financial statements and $82,215 for other services.