Investment Overview

The strategy employs a top-down, rules-based approach that emphasizes broad exposure and diversification among countries, economic sectors and individual issuers
Seeks exposure to emerging and potentially frontier market equities with less volatility and less concentration risk
Target weights are designed to tilt the portfolio away from the highest market concentrations
A low level of portfolio turnover that minimizes transaction cost impact on performance
Trigger-based rebalancing designed to systematically avoid build-ups, reduce portfolio concentration and attempt to enhance returns

Portfolio Construction

Holdings typically range from 700 to 1,000 equities
Diversified across as many as 24 emerging and potentially frontier countries
Securities selected from all cap stock universe as defined by the S&P BMI family of indices
Modified equal weights applied to countries and sectors to maintain diversification at every level
Country and sector target weights balance diversification benefits with liquidity constraints

Investment Team

Timothy Atwill, PhD, CFA, Head of Investment Strategy
16 years of industry experience
6 years with Parametric
BA, Reed College
PhD, Dartmouth College
Paul Bouchey, CFA, Chief Investment Officer
23 years of industry experience
10 years with Parametric
BA, Whitman College
MS, University of Washington
Thomas Seto, Head of Investment Management
25 years of industry experience
17 years with Parametric
BS, University of Washington
MBA, University of Chicago
Jodi Wong, Managing Director- Emerging Markets Portfolio Management
18 years of industry experience
11 years with Parametric
BA, Columbia University
CAS, Harvard University
MBA, University of Washington

Benchmark

MSCI Emerging Markets Index