International Opportunities

Objective

Realize a total return exceeding the MSCI World ex USA Small Cap Growth Index over a full market cycle.

Investment Strategy

The Oberweis International Opportunities strategy seeks to identify and capitalize on the investment opportunities offered by smaller companies in Europe, the UK, Canada, Asia, Japan, and Latin America. The strategy focuses on identifying less well-known small-cap companies which traditionally receive less coverage than larger companies, consequently providing unique opportunities to unearth hidden values.

Benefits

  • Diversified portfolio of smaller, non-U.S. companies with higher than expected earnings potential
  • Combines empirically-documented Behavioral Finance principles with the very best of fundamental bottom-up research
  • Access to attractive but lesser-known foreign companies that do not receive significant institutional coverage, but possess higher than expected growth potential
  • Achieve a more effective asset allocation, and greater long-term diversification of their portfolios, through investments in non-U.S. equities
  • Invest primarily in developed markets with some exposure to emerging markets
  • Potential for significant alpha over a full market cycle

Lead Portfolio Manager(s)


Fourth Quarter 2023 Commentary
Fourth Quarter 2023
Fact Sheet
International Small-Cap Stock White Paper

Strategy Basics

Inception Date:
Assets in Strategy:
Performance Benchmark:
Portfolio Status:
Minimum Account Size:

2/1/07

$1,815.7 million (As of 3/31/2024)

MSCI World ex USA Small Cap Growth Index

Strategy open to new investors

$5 million for separate account management


Our Process

Our process rests on our firmwide commitment to uncovering and capitalizing on the persistent and recurring stock pricing inefficiencies in global equities caused by a lag in investor response to new information. This lag in recognizing the catalysts likely to positively impact future earnings growth drives the security selection across all our strategies and mutual funds. The criteria used within each product, however, can differ. This is how our investment team implements our philosophy in the International Opportunities strategy.

For the Quarter Ended

See pricing for all funds

Performance

Calendar Years

Downloadable .xls Composite Returns on the International Opportunities Strategy

Downloadable .pdf GIPS® Compliant Annual Disclosure Presentation for the International Opportunities Strategy

*OAM International Opportunities composite inception date: 2/1/07.

The MSCI World ex USA Small Cap Growth Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of small-cap growth developed markets, excluding the U.S., with minimum dividends reinvested net of withholding tax. You cannot invest directly in these indexes.

Net-of-fee composite returns are calculated using the highest model investment advisory fees applicable to portfolios within the composite. Advisory fees are disclosed in Part II of Form ADV. Performance is historical and includes the reinvestment of dividends and other income. Performance is calculated and presented in U.S. dollars. Past performance is not necessarily indicative of future results.

Oberweis Asset Management, Inc. (OAM) claims compliance with the Global Investment Performance Standards (GIPS® standards). To receive a complete list and description of Oberweis’ composites and/or a presentation that adheres to the GIPS® standards, contact Laura Dombro at 800-323-6166; write Oberweis Asset Management, Inc., 3333 Warrenville Road, Suite 500, Lisle, IL 60532; or e-mail laura.dombro@oberweis.net.

For the Quarter Ended

Source: Eikon

Country Allocation as a % of Total Net Assets

*Country Allocation is defined using MSCI's Country Classification methodology and represents countries whose allocation in the Strategy or Index is 2% or more. Country allocations representing less than 2% are categorized in "Other Countries".

SECTOR ALLOCATION as of

Top 10 Holdings as a % of Total Net Assets Portfolio Holdings are subject to change at any time. References to specific securities should not be construed as a recommendation to buy or sell and should not be assumed profitable.

Top 10 Holdings as of

Source: Eikon. Sector data based on MSCI’s revised Global Industry Classification Standards. For more details, visit www.msci.com.

Sector Weightings as a % of Total Net Assets

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