Seafarer Overseas Growth & Income Fund Inv Cl · NASDAQ:SFGIX
Seafarer Overseas Growth & Income Fund Inv Cl — Seafarer Capital Partners — Investor Presentation (December 2014)
25 slides from Seafarer Overseas Growth & Income Fund Inv Cl's investor presentation, Dec 11, 2014
Slide 1: Shareholder Conference Call
Shareholder Conference Call Seafarer Capital Partners, LLC 11 December 2014
Slide 2: Disclosures
Disclosures ALPS Distributors, Inc. is the distributor for the Seafarer Overseas Growth and Income Fund. Daniel Duncan and Kate Jaquet are Registered Representatives of ALPS Distributors, Inc. This material must be accompanied or preceded by a prospectus. View the Fund’s prospectus at www.seafarerfu
Slide 3: Agenda
Agenda 1. Fund Retrospective 2. Performance Discussion 3. A Cross Section of the Seafarer Fund 4. Featured Holdings 5. Question and Answer Session 2
Slide 4: Fund Retrospective
Fund Retrospective Seafarer Overseas Growth and Income Fund! SIGIX Net Asset Value (NAV)! $13.00! (2/15/12 - 12/9/14)! 2nd!Expense! 4th Distribution! 5th Distribution! Reduc-on! 40.5¢!! 7.5¢!! $12.50! $12.00! 2nd Distribution! 8.7¢!! $11.50! $100 million AUM! Launch:! $11.00! ~$2 million! 1 Distribu
Slide 5: Agenda
Agenda 1. Fund Retrospective 2. Performance Discussion 3. A Cross Section of the Seafarer Fund 4. Featured Holdings 5. Question and Answer Session 4
Slide 6: Fund Performance
Fund Performance As of 30 November 2014 (Prior Month) Total Return Total Return Since Inception NAV / Net Inception Index Level 1 Mo 3 Mo YTD 1 Yr Annualized Cumulative Expense Date (11/30/14) Ratio1 SFGIX (Investor Class) $11.58 –1.61% –5.24% 2.66% 1.13% 7.84% 23.45% 2/15/12 1.25% SIGIX (Institutio
Slide 7: Fund Performance
Fund Performance As of 30 September 2014 (Prior Quarter) Total Return Total Return Since Inception NAV / Net Inception Index Level 1 Mo 3 Mo YTD 1 Yr Annualized Cumulative Expense Date (9/30/14) Ratio1 SFGIX (Investor Class) $11.58 –5.24% –2.03% 2.66% 5.84% 8.36% 23.45% 2/15/12 1.25% SIGIX (Institut
Slide 8: Performance Versus Objectives
Performance Versus Objectives Seafarer Overseas Growth and Income Fund Relative to Emerging Markets Universe* Performance Characteristics 3/1/12 – 10/31/14 Past performance does not guarantee future results. * “Emerging Markets Universe” is defined as the Morningstar Diversified Emerging Markets Pee
Slide 9: Risk Versus Return
Risk Versus Return Seafarer Overseas Growth and Income Fund Relative to Emerging Markets Universe* Annualized Returns vs. Annualized Standard Deviation 3/1/12 – 10/31/14 Past performance does not guarantee future results. * “Emerging Markets Universe” is defined as the Morningstar Diversified Emergi
Slide 10: Agenda
Agenda 1. Fund Retrospective 2. Performance Discussion 3. A Cross Section of the Seafarer Fund 4. Featured Holdings 5. Question and Answer Session 9
Slide 11: Unconventional Yield Generation
Unconventional Yield Generation Seafarer Overseas Growth and Income Fund vs. MSCI Emerging Market Index! Dividend Yield! As of 10/31/14! Seafarer Overseas Growth and Income Fund! MSCI Emerging Market Index! 6%! 5%! 4%! 3%! 2%! 1%! 0%! ! ! s! s! ! ls! ! e! ! ! y! es es les ry lio gy ial ial ar og ria
Slide 12: Stock Selection Drives the Portfolio
Stock Selection Drives the Portfolio Seafarer Overseas Growth and Income Fund vs. MSCI Emerging Market Index! Dividend Yield and Sector Weight Differential! As of 10/31/14! Fund Excess Dividend Yield (Left Scale)! Fund Relative Sector Weight (Right Scale)! 5%! 12.5%! 4%! 10.0%! 3%! 7.5%! 2%! 5.0%! 1
Slide 13: Active Share
Active Share |w fund, i – w index, i| N Active Share1 for = ½∑ Seafarer Overseas Growth i=1 and Income Fund vs. MSCI Emerging Market Index as of 10/31/14 = 95.8% 1 Active Share is a statistic that measures a portfolio’s deviation from passive management, where a score of 0 means a portfolio is a per
Slide 14: Agenda
Agenda 1. Fund Retrospective 2. Performance Discussion 3. A Cross Section of the Seafarer Fund 4. Featured Holdings 5. Question and Answer Session 13
Slide 15: Research Process
Research Process • Seafarer’s bottom-up research process includes screening, industry research, valuation, and financial modeling – culminating with on-site due diligence. • The research process is open, collaborative and questioning; the investment team is encouraged to look in interesting places f
Slide 16: China – Media and Consumer Services Sectors
China – Media and Consumer Services Sectors Listed Total Equity Average Average Average 3 Year Companies Capitalization ($ BL) Price-to-Book Dividend Yield (%) Revenue Growth (%) Beijing 21 65 2.0 2.2 17.4 Shanghai 17 45 2.3 2.0 12.6 East 25 27 2.3 2.0 13.3 South Central 17 39 2.0 2.2 20.2 Northeast
Slide 17: Featured Holdings
Featured Holdings Xinhua Winshare Publishing and Media Co Ltd Market capitalization ($ MM) $902 Headquartered in the Sichuan province of Western China, Xinhua Net cash on balance sheet ($ MM) $246 Winshare is a publisher and distributor of textbooks, ancillary textbook Dividend yield 1 6.1% material
Slide 18: Agenda
Agenda 1. Fund Retrospective 2. Performance Discussion 3. A Cross Section of the Seafarer Fund 4. Featured Holdings 5. Question and Answer Session 17
Slide 19: Question and Answer Session
Question and Answer Session To submit a question, visit seafarerfunds.com, and select the “Submit a Question” link on the homepage. 18
Slide 20: Chinese A-Shares
Chinese A-Shares CSI 300 (Chinese A-Share) Index! Rebased in U.S Dollars! 12/31/13 - 12/5/14! 12/31/13 = 100! 140 ! 130 ! 32.0% Gain! in U.S. Dollar Terms! Year-to-Date! 120 ! Shanghai - Hong Kong Stock Connect Stock Connect ("Through Train") Launched! 110 ! Announced! 100 ! 90 ! 80 ! 12/31/13! 1/31
Slide 21: Emerging Market Currencies
Emerging Market Currencies Value of Emerging Market Currency Basket vs. U.S. Dollar! Inception of Seafarer Fund (2/15/12) - 12/5/14! 2/15/12 = 100! Proprietary Bloomberg Emerging Market Currency Basket (".EMFX")! 105 ! 100 ! 17.2% Decline! Since Inception of! Seafarer Overseas Growth! 95 ! and Incom
Slide 22: Tale of Two Indices
Tale of Two Indices Emerging Market Equity Indices! Local Currency vs. U.S. Dollar Returns! Inception of Seafarer Fund (2/15/12) - 12/5/14! 2/15/12 = 100! 130 ! MSCI Emerging Markets Local Currency Total Return Index (Gross Dividends)! 17.8% Gain! Since Inception of! MSCI Emerging Markets USD Total
Slide 23: Glossary
Glossary Active Share A statistic that measures a portfolio’s deviation from passive management, where a score of 0 means a portfolio is a perfect replica of the benchmark index, and a score of 1 demonstrates that a portfolio has zero overlap with the benchmark. More specifically, this statistic add
Slide 24: Glossary, continued
Glossary, continued MSCI Emerging Markets USD Total Return Index The MSCI Emerging Markets Total Return Index, Standard (Large+Mid Cap) Core, Gross (dividends reinvested), USD is a free float-adjusted market capitalization index designed to measure equity market performance of emerging markets. Inde
Slide 25: seafarerfunds.com
s e a f a r e r f u n d s . c o m SEA000326 12/31/15
Seafarer Capital Partners — Investor Presentation (December 2014) on 6ix