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How are you able to be fully transparent? The Dynamic Allocations Strategies team is
fundamentally driven, that’s our investments, philosophy. Because we’re fundamental investors,
we tend to be longer-term investors and because we’re longer-term investors, we can often
talk very openly about our thoughts of fundamental value and what is developing in the broader
economy. We’re not a black box, and we’re not a quant shop. We determined fundamental
value across about 100 different market and currencies and at any point in time we’re
always assessing the discrepancies of prices to fundamental values.
And we’re quite transparent in indicating to our clients what we believe fundamental
value is for those markets, and sectors and bond categories and currencies as well as
how prices deviate from those fundamental values. That’s the foundation of our investment
philosophy. But in addition to that we are quite open to talking about why prices deviate
from value. And we have a very disciplined process for doing that. We’ll talk about
conventional wisdom and why conventional wisdom may compel prices either away from or towards
fundamental values. We’ll talk about macro themes and how those
themes may influence prices relative to fundamental values and finally, geopolitics, we found
that to be very important in the current environment as to why prices may deviate from fundamental
values. So we’re always grounded in fundamental analysis, we’re always quite open and transparent
with what we believe fundamental value for equity markets, fine markets and currencies
and we’re quite open in a very disciplined framework about talking about why prices may
deviate from fundamental values.
dramatic changes (losses) in the value of certain of its portfolio holdings.
Investments are subject to a number of other different types of risk, including market
of these risks, please read the Fund’s Prospectus. Please carefully consider the Fund’s investment
carefully before you invest or send money. © William Blair & Company, L.L.C., distributor.