Offshore
Offshore is a large-cap international equity strategy managed by our team of in-house professionals.
What is Offshore?
Offshore is our international equity strategy focused on large-cap companies operating outside the U.S., with targeted exposure to high-growth regions like Latin America and China. Our team conducts deep, fundamental research in an effort to identify resilient, globally-minded businesses, with the goal of outperforming international equity markets over a 3–5 year time horizon. You can think of it as Flagship, but focused on companies that conduct a significant portion of their business internationally.
The Process
Offshore's investable universe includes non-U.S.-listed stocks listed on U.S. exchanges as equities or ADRs. To identify potential candidates, the Investment Team’s Analysts apply both quantitative and qualitative research methods across this universe. This may include filtering for financial metrics that signal business quality, analyzing company filings and earnings transcripts, and engaging with industry participants to gather additional insight.
Once a potential candidate is identified, the Investment Team conducts bottom-up research to assess whether the business has competitive advantages, attractive growth characteristics, sound unit economics, and experienced leadership. This review typically includes financial statements, management commentary, and third-party research, and may also involve discussions with industry professionals to better understand operating trends and long-term viability.
After reviewing a company’s business fundamentals, the team may evaluate its valuation profile. This involves analyzing the company’s long-term prospects, potential risks, and intrinsic value relative to its current market price. The team typically seeks investments where the projected return over a multi-year period meets or exceeds an internally defined threshold, assuming base-case operating outcomes and limited or no multiple expansion.
When a company is added to the Offshore portfolio, the Investment Team monitors the position alongside other holdings. This includes ongoing evaluation of the investment thesis, company performance, and risk/reward dynamics. Positions are generally conviction-weighted, reviewed periodically, and may be rebalanced when appropriate. Holdings are typically maintained for the long term, unless the original thesis deteriorates or a more attractive opportunity is identified.
Key Facts
- Asset Class: Stocks
- Advisory Fees: 0.20%
- Inception Date: April 6, 2021
- Minimum Investment: $100
- Withdrawal Interval: Daily
- Tax Reporting: 1099-DIV
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2. This strategy has an advisory fee of 0.20% on assets under management, which is in addition to the $25 monthly client fee.