Our investment objective for the international 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.
Our research team screens a universe of 24,000 international (non-U.S.) stocks to produce a list of 300-500 companies with the greatest potential for undervalued streams of sustainable cash flow or assets. Intensive fundamental research is applied to each international stock “buy candidate” identified in the screening process.
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 international stock, and influences how much we are willing to pay for a stock in a country where currency risk is high. Then our research team takes it one step further, gaining marketplace insight from suppliers, customers and competitors.
When we purchase a new international stock for the portfolio, we typically hold the investment for three to five years, and portfolio turnover averages 30% or less annually. We have one of the longest international equity track records of any firm presently in operation and continuously managed by the same individuals.
*Annualized Returns (Data as of 09/30/24). Third quarter 2024 composite returns are preliminary. Past performance is not indicative of future results. July 1, 1984-March 31, 1995 represents the portfolio track record established by Portfolio Manager Bernard Horn while affiliated with a prior firm. ** The MSCI EAFE 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. One cannot invest directly in an index. 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. July 1, 1984-March 31, 1995 represents the portfolio track record established by Portfolio Manager Bernard Horn while affiliated with a prior firm. The MSCI EAFE 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.
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.
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