Our investment objective for the global equity products is simple: to achieve an annualized total return that exceeds the respective benchmarks at lower than market risk over a market cycle of three to five years.
In managing our global equity products, our research team conducts monthly screens on a universe of 40,000+ global companies that are narrowed down to a selection of about 500 stocks with the greatest potential for undervalued streams of sustainable cash flow or assets. Then fundamental bottom-up stock research ensues. Part of the research includes the use of real bond yields as a component of the Polaris’ Global Cost of Equity. Real bond yields provide a simple method of ensuring adequate compensation for currency risk in an non-U.S. stock, and influences how much we are willing to pay for a stock in a country where currency risk is high.
The majority of fundamental research covers financial analyses of companies including: in-depth review of financial statements, research on suppliers, customers and competitors and meetings with company management. Polaris analysts travel the world, assessing industry conditions, competitive advantages, profitability, operating and financial leverage, and the quality of management — in an effort to identify new companies that will enhance the performance of the global portfolios.
We will invest in any country or sector that meets our investment criteria. Diversification is generally broad within the global equity portfolios, comprised of more than 15 different industry groups and 15 countries. While we strive to have a broad range of market caps, we do not attempt to override the results of the bottom-up research. We typically hold investments for three to five years, and portfolio turnover averages 30% or less annually. We believe that our proprietary process has led to the success of our global equity portfolios, as evidenced by our long-term performance.
*Annualized Returns (Data as of 09/30/24). Third quarter 2024 composite returns are preliminary. Past performance is not indicative of future results. October 1, 1984-March 31, 1995 represent the portfolio track record established by Portfolio Manager Bernard Horn while affiliated with a prior firm. ** The MSCI World Index is an unmanaged capitalization-weighted index of publicly traded companies. The reported Index results include returns of securities that U.S. residents may not invest in and also include gross dividends, while Polaris results include dividends net of withholding taxes. Information presented is supplemental to the annual disclosure presentation. Composite performance and a fully compliant presentation can be found below.
Data as of 09/30/2024. Information presented is supplemental to the annual disclosure presentation. For composite performance and a fully compliant presentation, see below. Past performance is not indicative of future results. October 1, 1984-March 31, 1995 represents the portfolio track record established by Portfolio Manager Bernard Horn while affiliated with a prior firm. The MSCI World Index is an unmanaged capitalization-weighted index of publicly traded companies. The reported Index results include returns of securities which U.S. residents may not invest in and also include gross dividends, while Polaris results include dividends net of withholding taxes. One cannot invest directly in an index.
Interested in viewing historical composite reports? Read all of our commentaries going back to 2008.
Polaris Capital Management LLC is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Polaris' website provides general information regarding our business along with access to additional investment related information. Material presented is meant for informational purposes only. To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Polaris or any of its investment professionals. For additional information regarding our services, or to receive a hard copy of our firm's disclosure documents (Form ADV Part I and Form ADV Part II), contact client service. You may also obtain these disclosure documents online from the SEC Investment Adviser Public Disclosure (Firm CRD# 106278). (c) 2013-2024 Polaris Capital Management, LLC. All rights reserved.
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IMPORTANT INFO: RETIREMENT CALCULATOR
The retirement calculator is a model or tool intended for informational and educational purposes only, and does not constitute professional, financial or investment advice. This model may be helpful in formulating your future plans, but does not constitute a complete financial plan. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. We, at Polaris Capital, do not serve in this role for you. We also encourage you to review your investment strategy periodically as your financial circumstances change.
This model is provided as a rough approximation of future financial performance that you may encounter in reaching your retirement goals. The results presented by this model are hypothetical and may not reflect the actual growth of your own investments. Polaris strives to keep its information and tools accurate and up-to-date.
The information presented is based on objective analysis, but may not be the same that you find at a particular financial institution, service provider or specific product’s site. Polaris Capital and its employees are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool. Polaris is not responsible for any human or mechanical errors or omissions. All content, calculations, estimates, and forecasts are presented without express or implied warranties, including, but not limited to, any implied warranties of merchantability and fitness for a particular purpose or otherwise.
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