The Hardman Johnston International Growth strategy is a concentrated portfolio built from the bottom-up and is based on deep, fundamental research. The team operates as growth investors when researching companies, but value investors when buying them. The strategy is designed to identify companies with a minimum forward-looking secular EPS growth rate of 10% per annum, with market leadership in their sector, high quality earnings, and attractive valuations. The portfolio consists of 25-30 international developed market and emerging market growth companies subject to exposure constraints for risk control. Portfolio construction applies diversification constraints to manage concentration risk within industries, countries, and single securities. The outcome is a best ideas, risk aware, high conviction portfolio with low turnover and high active share. This investment philosophy has led to outperformance during more normalized environments when earnings growth drives performance, during market downturns when quality, valuation, and stability of earnings are often a safe haven for investors, and during the subsequent recovery when market leaders take share and can maintain pricing power. The strategy can be used as both the growth satellite within an international equity structure or as the primary manager within a portfolio’s international equity allocation.