|
Masters'
Select Equity Fund seeks superior long-term growth
relative
to the overall U.S. stock market. Each of the seven managers
separately runs a portion of the Fund's portfolio,
and
each represents a different stock-picking style or market
cap segment. Working independently, each manager runs
a portfolio composed of no fewer than 5 or more than
15 of his most compelling stock picks. Because of
the
mix of managers, we expect 50% to 85% of the Fund's
portfolio, in normal conditions, to be invested in mid-
and large-cap stocks. The fund is primarily invested
in the U.S. market, although the managers have limited
flexibility to invest in the stocks of foreign companies.
We expect typical overseas exposure to be less than
15% of total assets. The multimanager structure results
in a broadly diversified portfolio in terms of styles,
industries, and stocks. Typically, the fund holds between
75 and 105 stocks.
Click here to see Morningstar's Take on Masters’ Select Equity
Click here to see Morningstar analysis on Masters' Select Equity Fund
Though not an international fund, the fund may invest
in foreign securities. Investing in foreign securities
exposes investors to economic, political and market risks
and fluctuations in foreign currencies. Though not a small-cap
fund, the fund may invest in the securities of small companies.
Small-company investing subjects investors to additional
risks, including security price volatility and less liquidity
than investing in larger companies.
|
