• Holds primarily large-cap international stocks, with some exposure to mid-cap stocks.
• Invested in at least 10 countries, with up to 30% of assets in emerging markets, and diversified across major industry groups.
• Bottom-up selection of 50 to 115 high-conviction stocks draws on RCM’s broad global presence, deep bench of international experience and unique dual-research platform.

RCM Is an Experienced, Informed Manager

• RCM places a unique emphasis on global information and information flow. By generating and capitalizing on this “information advantage,” RCM seeks to deliver superior and consistent investment results for the Fund’s shareholders.
• RCM is a truly global firm. In lieu of a central headquarters, their offices are strategically located in key financial centers around the world—including San Francisco, London, Frankfurt, Hong Kong, Sydney and Tokyo.
• RCM uses a distinctive dual research platform—consisting of their sector-based fundamental global research platform and unique Grassroots^SM Research division—to provide deep, bottom-up insight into a company’s fundamentals from a country, regional and global perspective.

RCM cultivates a sophisticated information architecture based on a seamlessly integrated global infrastructure, an emphasis on proprietary research and a boutique culture. Local information, globally shared helps RCM’s investment professionals uncover developments before the broader market does. That knowledge is supported by the firm’s global presence and its unique dual-research platform.

Each Fund’s investment team builds its portfolio from the bottom up, seeking the most attractive companies in its universe. The process begins with fundamental research, a global, collaborative effort, with contributions from over 65 sector and country analysts; each analyst conducts an average of 100 face-to-face meetings annually with corporate management of key companies. Additional inputs are supplied by macro analysts and quantitative screening to help determine valuations, risk factors and other metrics.

This analysis is complemented by RCM’s innovative Grassroots^SM Research network, consisting of an in-house staff of 11 with over 300 independent researchers who investigate critical issues and marketplace trends ― providing an invaluable “reality check” on managers’ investment theses.

At the portfolio level, risk controls are implemented and securities are continuously scrutinized for potential shifts in fundamentals.

Ara J. Jelalian is a Director and Senior Portfolio Manager of International Equity/Global Asset Allocation at RCM.

San Francisco, California

RCM is a truly global asset manager and a company of Allianz Global Investors. The firm operates across three continents and five time zones from six international offices- San Francisco, London, Frankfurt, Hong Kong, Tokyo and Sydney. RCM's range of investment solutions spans the market cap and style spectrum and reaches from regional and global strategies to multi-asset and structured products.