NS Partners International Equity Focused

Highlights

  • Experienced Team: Average tenure of 16 years and a 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

Objectives

  • Long-term growth through investments in equity securities listed on foreign stock exchanges
  • 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

Philosophy

  • Country selection matters – excess money moves both asset markets and economies
  • Economic profitability drives stock selection – securities generating high or improving economic profitability relative to the market will outperform
  • Peer review discipline – revalidate, continually test convictions, ensure tight capital discipline

Process

  • Macroeconomic and Liquidity Analysis
    • Changes in liquidity conditions influence security prices
  • Country Selection
    • Country weights based on conviction, relative return opportunity and risk
  • Stock Selection
    • Focus on securities expected to have improving economic profitability
  • Portfolio Construction
    • Macroeconomic liquidity analysis provides the framework for portfolio construction
    • Portfolio typically holds 50 securities
  • Portfolio Risk and Review
    • Formal monthly meetings to peer review portfolio
    • Employ a factor risk model to avoid unintended country, sector or company exposure

Distributions

  • Income: Quarterly
  • Capital Gains: Annually

Quick Facts

Inception Date:
October 06, 2022
Fund Category
International Equity
Fund Code (A|F)
CCL 1350 | CCL 1351
Management Fee (A|F)
1.90% | 0.90%
Minimum Investment
$5,000
Subsequent Investment
$500
Risk Level
Low to Medium
Systematic Purchase
$100

AUM data above is updated daily on all days that markets are open.

Portfolio Manager

http://NS%20Partners%20logo

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 $118 billion in financial assets through its affiliated investment managers on behalf of institutional, private and retail clients.

More Information on NS Partners Ltd

Annualized

Class or Currency

As of March 29, 2024 6 months YTD 1 Year 3 Years 5 Years Since Inception
NS Partners International Equity Focus Fund - Series F 17.62% 7.74% 10.25% N/A N/A 18.72%

Annual

Class or Currency

As of December 29, 2023 2023 2022 2021 2020 2019
NS Partners International Equity Focus Fund - Series F 10.56% N/A 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 17, 2024 F $12.171 -$0.0268 -0.22%

Historical Net Asset Values

From

To

Class or Currency

Date Class Price Change Change
April 16, 2024 F $12.1978 -$0.13 -1.05%
April 15, 2024 F $12.3278 -$0.0487 -0.39%
April 12, 2024 F $12.3765 -$0.0285 -0.23%
April 11, 2024 F $12.405 -$0.0107 -0.09%
April 10, 2024 F $12.4157 -$0.0596 -0.48%
April 8, 2024 F $12.5099 $0.0678 0.54%
April 5, 2024 F $12.4421 -$0.0661 -0.53%
April 4, 2024 F $12.5082 $0.0768 0.62%
April 3, 2024 F $12.4314 -$0.0565 -0.45%
April 2, 2024 F $12.4879 -$0.0723 -0.58%

1-37

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.

Documents

Monthly Fund Profile – Series A

Download

Monthly Fund Profile – Series F

Download

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

Download

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.

CC&L Funds Inc.
September 26th, 2022