Chautauqua Global Growth Strategy

Overview

The Chautauqua Global Growth Equity strategy invests in equity securities of both U.S. and non-U.S. companies with large market capitalizations and strives to consistently outperform its benchmark index over an investment cycle. The differentiated and focused strategy is normally diversified among at least 10 countries, investing primarily in developed markets with exposure to emerging markets. The portfolio contains high-quality companies that employ better governance and disclosure, more conservative accounting, less financial leverage, and “best-in-class” management, reducing the risk of negative surprises. In addition to generating high risk-adjusted returns, this approach creates upside market participation and downside protection.

Portfolio Construction

• Concentrated portfolio of generally 35-45 stocks
• Positions are typically 1-6% at the time of purchase
• Market caps typically in excess of $5 billion at the time of purchase
• Sector weights limited to 50% of portfolio