International All Cap Equity

Why We're Different

• We've built a large, proprietary research database which we use to analyze fundamental information on 5,400 international stocks.
  
  
• We've designed a distinct, bottom-up process in each of over 20 developed markets to find high growth stocks with earnings acceleration that are currently trading below their fair market values.  
  
  
• We select approximately 125 - 150 of the most attractive stocks in each developed market. 
  
  
• Our individual country weights are similar to the benchmark; our value-added is superior stock selection in each market.
  
  
• The portfolio remains fully invested and well-diversified, without any large stock or sector concentrations.

Representative Portfolio Characteristics (As of  6/30/2010)*

GlobeFlex International All Cap Equity   S&P Developed ex U.S. Broad Market Index   Number of stocks             130               4,448   Market Capitalization       $12.1 B            $16.2 B   Superior Growth            Long-term Growth Rate             7%              4%         Short-term Growth Rate            16%             10%   Reasonable Valuation            Current P/E Ratio         11.3x              13.6x

Status
This product is open to new clients, with a $25 million minimum account size. Please call if you would like more information on our capabilities in this area.

*All characteristics are medians, except for market cap which is a dollar-weighted median, as of June 30, 2010. The long-term growth rate is a five-year historical measure of company earnings; the short-term growth rate is current year consensus company earnings; the P/E ratio is share price as of 6/30 divided by earnings based on current year consensus company earnings forecast.