Causeway International Value Fund is constructed from an equity universe spanning
developed international markets. Eligible companies generally have market capitalizations
greater than $750 million. The investment process is comprised of three stages:
screening and initial analysis, fundamental research, and portfolio construction.
Our international investment philosophy is value-driven with a fundamentally based,
bottom-up approach to stock selection. We believe that companies derive their value
from the contribution of yield and profitable re-investment back into the company.
Our philosophy on risk management is simple. We believe risk is best measured by
the volatility of a portfolio's returns, not its dispersion from a benchmark. In
our view, investors are rewarded over the long term by a reduction in volatility.
Our goal is to construct a portfolio that provides consistent long-term, risk-adjusted
Causeway International Value Fund is a fully invested, 50-80 stock portfolio, typically
with a value bias. Sector and regional weights are by-products of our bottom-up
approach to stock selection.