- International Stock Fund
The International Stock Fund seeks long-term growth of capital.
The International Stock Fund invests at least 80% of its assets in foreign equity securities. The fund invests primarily in relatively large capitalization stocks of issuers located or operating in developed countries. The subadviser typically maintains the fund's portfolio in stocks which it believes have a low market price relative to their perceived value based on fundamental analysis of the issuing company and its prospects. This is sometimes referred to as a "value" approach. It may also invest in foreign debt and other income bearing securities at times when it believes that income bearing securities have greater capital appreciation potential than equity securities.
|(as of Friday April 28, 2017)|
|Class A||Class B||Class Y|
The investment adviser to the fund is Madison Asset Management, LLC (“Madison”). Madison has delegated the day-to-day responsibility of managing the fund to Lazard Asset Management LLC (“Lazard”).
John Reinsberg (Deputy Chairman of Lazard), Michael Bennett, CPA (Managing Director and Portfolio Manager of Lazard), Michael Fry (Managing Director and Portfolio Manager Of Lazard), and Michael Powers (Managing Director and Portfolio Manager of Lazard) co-manage the fund. Messrs. Reinsberg and Bennett have co-managed the fund since its inception, and Mr. Fry joined the team in 2002 while Mr. Powers joined the team in 2005.
|Top Ten Fund Holdings|
|(as of March 31, 2017)|
|BRITISH AMERICAN TOBACCO PLC||3.1%|
|NOVARTIS AG REG||2.9%|
|ANHEUSER BUSCH INBEV SA/NV||2.7%|
|DAIWA HOUSE INDUSTRY CO LTD||2.6%|
|ROYAL DUTCH SHELL PLC A SHS||2.5%|
|% of Fund in Top Ten Securities||27.4%|
|Net Assets (as of 12/31/16)||$31.5 Million|
|Turnover (as of 10/31/16)||34%|