LARKSPUR, Calif.--()--Litman Gregory Masters Funds today announced that the Litman Gregory Masters International Fund (MSILX) celebrated its 15th anniversary on December 1, 2012. The fund ranks in the top 7 percent among its “Foreign Large Blend” Morningstar peer group (as of 12/31/2012). Based on its total returns over 1, 3, 5, 10, and 15 years through December 31 2012, the Litman Gregory Masters International Fund ranked in the top 23%, 25%, 31%, 14% and 7% for each of these periods among 786, 713, 589, 325, and 166 foreign large blend funds respectively*. As of December 31, 2012 the fund has more than $1.45 billion in total net assets.
“We believe the International Fund's Morningstar Rankings over the past 15 years validates this approach.”
Litman Gregory Masters International Fund is a multi-manager fund that invests in foreign stocks and seeks superior long-term performance relative to its peer group of international stock funds.
"Litman Gregory Masters International Fund has sought to add value in two ways: First, based on our very thorough due diligence, we select investment managers who we believe can deliver superior long-term performance relative to their passive benchmarks and peer groups. Second, we believe that by creating a portfolio limited to just their highest-conviction stocks, that this portfolio should outperform a more diversified portfolio over a market cycle," said Jeremy DeGroot, Litman Gregory’s chief investment officer and co-manager of the Litman Gregory Masters Funds. "We believe the International Fund's Morningstar Rankings over the past 15 years validates this approach."
Litman Gregory’s Ken Gregory and Jeremy DeGroot share portfolio manager responsibilities for the funds. Litman Gregory has hired five firms as sub-advisors to run five distinct portions of the portfolio:
- Harris Associates—David Herro
- Marsico Capital Management— Jim Gendelman
- Northern Cross—Howard Appleby, Jean-Francois Ducrest, Jim LaTorre, Edward E. Wendell, Jr.
- Third Avenue Management—Amit Wadhwaney
- Thornburg Investment Management—Bill, Fries, Vinson Walden
Each of the five management teams has a distinct investment approach and separately runs a portion (or “sleeve”) of the portfolio composed of their highest-conviction stocks. The fund may invest in emerging markets, although it is expected that exposure to developed markets will be significantly greater. Although each management team runs a concentrated portfolio of eight to 15 of their favorite ideas, the fund as a whole is diversified by industry, sector, geography, and market capitalization.
About Litman Gregory
Litman Gregory Fund Advisors, LLC is the advisor to the Litman Gregory Masters Funds and as such is responsible for sub-advisor due diligence and selection, day-to-day coordination with the sub-advisors, monitoring the individual performance and capabilities of the investment managers, and fund administration. Since 1987 the Litman Gregory team has researched, analyzed, and written about hundreds of stock-picking teams and mutual funds and put their ideas to the test by designing and successfully investing in portfolios of funds. Drawing on insights gained from years of evaluating and analyzing mutual funds, Litman Gregory is uniquely qualified to oversee the funds’ operations. Litman Gregory Fund Advisors is an affiliate of three other separate but related Litman Gregory companies, all based on the core expertise of investment-manager and asset-class research and selection: Litman Gregory Asset Management, LLC, which has provided investment management services to individuals, family groups, foundations, and endowments since 1987; Litman Gregory AdvisorIntelligence, a web-based investment research service for financial advisors; and Litman Gregory Portfolio Strategies.
* Morningstar, Inc. is an independent mutual fund research and rating service. Each Morningstar category represents a universe of funds with similar investment objectives. Rankings for the period shown are based on fund total returns with dividends and distributions reinvested and do not reflect sales charges. The highest percentile rank is 1 and the lowest is 100. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.
Diversification does not assure a profit or protect against loss in a declining market.
The funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-960-0188, or visiting www.mastersfunds.com. Read it carefully before investing.
The fund will 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. Investments in emerging market countries involve additional risks such as government dependence on a few industries or resources, government-imposed taxes on foreign investment or limits on the removal of capital from a country, unstable government and volatile markets.
Multi-investment management styles may lead to higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisors and advisor and the allocation of assets amongst them.
Correlation is a statistical measure of how two securities move in relation to each other.
The Litman Gregory Masters Funds are distributed by Quasar Distributors, LLC.