Investor Summary

The firm's culture is based on three core values: Client-centered (always acting in clients' best interests), Performance-driven (striving for excellence and continual improvement), and Team-oriented (promoting collaboration to achieve the best outcomes). There are five key elements of their strategy: delivering consistent, long-term outperformance for clients through their philosophy and process; fostering enduring client relationships; pursuing managed growth to maintain high service standards; nurturing a collegial and challenging environment for talented employees; and maintaining 100% employee ownership. The client is at the center of everything they do and they will always act in their best interest. They regularly scan thousands of global stocks seeking market leading, high-quality growth companies at value prices, choosing only an exceptional few. Portfolio holdings will be concentrated in securities that Hardman Johnston believes offer the optimal opportunity for capital appreciation. Portfolio construction applies diversification constraints to manage concentration risk within industries, countries, and single securities. The firm's tight-knit team and investment culture that is client-centered, performance-driven and team-oriented contribute to the effectiveness of the investment process. The firm is a certified Women's Business Enterprise with 57% of the Investment Team, 54% of Shareholders, and 56% of employees being members of diverse groups.

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Fund Strategy

Hardman Johnston's investment philosophy is built on two key tenets: earnings growth drives stock performance over time, and there are short term inefficiencies in the market that create attractive entry points. The firm believes earnings growth drives stock performance over time while short term inefficiencies in the market can create attractive entry points. For over three decades, they have followed a focused and disciplined investment process resulting in concentrated, high conviction portfolios with high active share. The firm emphasizes a disciplined, bottom-up approach based on fundamental research, investing in high quality companies with secular growth prospects when they are trading at an attractive relative valuation. Their investment process includes idea generation by narrowing and ranking investment universes, thorough fundamental research on portfolio candidates, portfolio construction focusing on concentrated best ideas while managing risk, and ongoing portfolio management including evaluation and sell discipline. The outcome of their investment process is a best-ideas, risk aware, high conviction portfolio with focus on 10%+ EPS Growth per annum over 3-5 Years, Low Turnover, and High Active Share. ESG factors can play a material role in determining both the sustainability of a business model and investment risk and returns, and ESG analysis is an inherent part of their deep fundamental research process. The firm regularly scans thousands of global stocks seeking market leading, high-quality growth companies at value prices, choosing only an exceptional few.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
10.5% 8.5% 36.2%
2025 2024
42.1% 13.4%