Longleaf Partners International Fund (LLINX)
Fund Facts at 3/31/13
| Inception Date | October 26, 1998 |
| Net Assets | $1.6 billion |
| Expense Ratio | 1.27% |
| 5yr Avg. Turnover | 36% |
| Total Holdings | 20 |
| Wtd. Avg. Market Cap | $17.3 billion |
| Minimum | $10,000 |
| Ticker | LLINX |
| CUSIP | 54306940-5 |
Portfolio Managers
O. Mason Hawkins, CFA
Southeastern since 1975
G. Staley Cates, CFA
Southeastern since 1986
Ken Siazon
Southeastern since 2006
Scott Cobb
Southeastern since 2006
Investment Objective
Longleaf Partners International Fund seeks long-term capital growth by investing primarily in a limited number of non-US companies of all sizes believed to be significantly undervalued.
Fund Information
- Invests at least 65% in non-US companies with no limits regarding specific country weightings or developed versus emerging market exposure.
- Invests generally in companies with market capitalizations over $500 million.
- Benchmark index is MSCI EAFE, though portfolio construction is 100% bottom-up.
- Southeastern employees, related parties, and Longleaf trustees are the largest shareholder group with a collective investment of over $200 million.
- The Fund's assets are held primarily by institutional clients.
- Our relationships are long-term. The average direct account tenure is between 5-10 years.
- The Fund is currently open to new investors, but has been closed to new investors when we could not find qualifying investments.
Management
Southeastern has managed all portfolios consistently for over three decades.
- We adhere to the same Governing Principles.
- We employ the same Investment Approach.
- We follow the same Investment Process.
MSCI World and MSCI EAFE are service marks of MSCI Barra.