January 2025 – Paul Espinosa discusses portfolio holdings that impacted Value Fund performance. Brent Clayton addresses Brazil’s volatile environment in the context of the Value strategy. He also describes how Seafarer considers a company’s capital allocation in the research process.

Speakers

• Brent Clayton, Co-Portfolio Manager
• Daniel Duncan, Managing Director, Business Development and Client Services
• Paul Espinosa, Portfolio Manager

Related Information

• Fund Performance
• Portfolio Briefing Archives

The performance data quoted represents past performance and does not guarantee future results. Future returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. View the Fund’s most recent month-end performance.

The views and information discussed in this video are as of the date of publication, are subject to change, and may not reflect Seafarer’s current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation. Seafarer does not accept any liability for losses either direct or consequential caused by the use of this information.

As of December 31, 2024, securities mentioned in the video comprised the following weights in the Seafarer Overseas Value Fund: Emaar Properties PJSC (3.9%), Salik Co. PJSC (2.2%), Odontoprev SA (2.0%), Moneta Money Bank AS (3.2%), Georgia Capital PLC (3.5%), First Pacific Co., Ltd. (3.3%), Pacific Basin Shipping, Ltd. (2.2%), Petronet LNG, Ltd. (2.8%), Samsung SDI Co., Ltd. (2.2%), Siam Cement PCL (1.5%), Ambev SA (2.2%), Credicorp, Ltd. (3.1%), Hongkong Land Holdings, Ltd. (3.8%), Itaú Unibanco Holding SA (2.4%), and XP, Inc. (2.3%). The Fund did not own shares in the other securities referenced in this video. View the Fund’s Top 10 Holdings. Holdings are subject to change.

Sources: ALPS Fund Services, Inc.; Bloomberg; Seafarer.

Daniel Duncan is a Registered Representative of ALPS Distributors, Inc.