Seafarer Overseas Growth & Income Fund Inv Cl · NASDAQ:SFGIX
Seafarer Overseas Growth & Income Fund Inv Cl — Seafarer Funds — Investor Presentation (May 2016)
10 slides from Seafarer Overseas Growth & Income Fund Inv Cl's investor presentation, May 2016
Slide 1: Value in the Emerging Markets
Seafarer Overseas Value Fund Value in the Emerging Markets May 2016
Slide 2: Disclosures
Disclosures ALPS%Distributors,%Inc.%is%the%distributor%for%the%Seafarer%Funds.%% This%material%must%be%accompanied%or%preceded%by%a%prospectus.%%View%the%Funds’%prospectus%at%www.seafarerfunds.com/prospectus. Important%Risks:% %An%investment%in%the%Funds%involves%risk,%including%possible%loss%of%pri
Slide 3: Cost of Capital – Risk or Opportunity?
Cost of Capital – Risk or Opportunity? J.P. Morgan Emerging Markets Bond Index Global Spread 1/31/00 – 1/13/16 1200 1000 800 Basis Points 600 400 200 0 2000 2002 2004 2006 2008 2010 2012 2014 Past%performance% does%not%guarantee%future%results. The%J.P.%Morgan%Emerging%Markets%Bond%Index%Global%Spre
Slide 4: A Working Definition of Value
A Working Definition of Value Opportunity Sets Source of Value Balance Sheet Liquidity Cash or highly liquid assets undervalued by the market Breakup Value Assets whose liquidation value exceeds their market capitalization Management Change Assets that would become substantially more productive unde
Slide 5: The Emerging Market Value Universe in Context
The Emerging Market Value Universe in Context Emerging Markets United States Western Europe Investment Universe Market Cap. (USD, trillion) 21.8 27.4 15.0 Total Number of Companies 6,903 3,815 2,766 Seafarer Value Universe Market Cap. (USD, trillion) 7.8 12.5 5.2 Naïve Basis Number of Companies 1,77
Slide 6: Salient Characteristics of the EM Value Universe
Salient Characteristics of the EM Value Universe Past%performance% does%not%guarantee%future%results.% The%Seafarer%Value%Universe%consists%of%a%proprietary%basket%of%stocks%identified%through%the%use%of%screens%designed%around%the%seven%categories%of%value%Seafarer%has%defined.%Includes%companies%
Slide 7: Breakup Value Example: CK Hutchison Holdings
Breakup Value Example: CK Hutchison Holdings CK Hutchison Holdings Share Price and Price / Book Value 1/2/13 - 3/11/16 Share Price Price / Book Value 130 1.3 120 1.2 Share Price (Hong Kong Dollar) 110 1.1 Price / Book Value 100 1.0 90 0.9 80 0.8 January 9, 2015 70 CK Hutchison, a Hong Kong conglomer
Slide 8: Glossary
Glossary Basis%Point% (bp) oneChundredth% of%one%percent,% or%0.01%.% One%percent% =%100%basis%points%and%likewise,%one%half%of%1%percent% =%50%basis%points.% Dividend% Yield% (Trailing% 12IMo) a%measure%of%the%sum%of%the%dividends%paid%per%share%during% the%trailing%12%months%divided%by%the%current
Slide 9: Glossary
Glossary Price%to%Book%Value%(P/BV)%Ratio the%market%price% of%a%company’s%common%shares,%divided%by%the%company’s%book%value%per%share. Price%to%Earnings%(P/E)%Ratio the%market%price% of%a%company’s%common%shares%divided%by%the%earnings%per%common%share.%The%Price% to%Earnings%ratio% may%use%the%ea
Slide 10: seafarerfunds.com
s e a f a r e r f un d s . c o m SEA000444