What They Do
The investment team believes that superior long-term risk-adjusted returns are generated by building a portfolio with three primary characteristics: high earnings growth, high or improving returns on invested capital, and better sustainability characteristics than the portfolio’s benchmark. The team takes a long-term approach based on the premise that companies exhibiting these qualities outperform over time.

How They Do It
The team seeks to create an “all-weather” growth portfolio by diversifying across different types of growth companies with market capitalizations between $250 million to $10 billion.

Key to the investment process is the establishment of guideposts, which are factors that can be measured and monitored in an effort to identify deteriorating fundamentals before they are reflected in a company’s earnings or valuation. The investment team collaborates closely and engages in robust devil’s advocacy, although ultimate investment decisions do not require consensus.  

The team’s sell discipline takes into consideration changes in fundamentals or competitive advantages, violations of guideposts, and changes in management or valuation. If doubt surrounding any of these characteristics increases, so does the team’s motivation to sell.

About Rice Hall James
Founded in 1974 and headquartered in San Diego, California, Rice Hall James is a 100% employee-owned investment management firm that focuses on investing in companies market capitalizations of $50 million to $10 billion. As at 31 March 2016, the firm had 25 employees and over $2 billion in assets under management. 


 

Glossary of Financial Terms:

• Fundamentals: Fundamentals refers to data that can be used to assess a country or company's financial health such as amount of debt, level of profitability, cash-flow, inventory size, etc.
• Market capitalization: Market capitalization refers to the market value of a company’s outstanding shares.

When a manager is removed from the manager line-up in one of SEI's Funds, a letter is sent to the affected manager announcing this action. In order to protect market-sensitive information, SEI will not communicate a manager removal to clients until all trades have been finalised. This may mean that there is a delay between SEI legally notifying a manager of their removal from the line-up of a Fund and a manager change memo being issued to our clients. In the meantime, all SEI deliverables and communications will continue to show this manager in the line-up of the Fund until the next regularly scheduled update. Communications will not be retroactively amended. The "effective date" date quoted in the manager change memo reflects the effective date quoted in the termination letter sent to the manager by SEI.

IMPORTANT NOTE: The opinions and views contained in this document are solely those of SEI and are subject to change; descriptions relating to organisational structure, teams, and investment processes herein may differ significantly from those prescribed by underlying managers regarding their own investment houses and investments.






 

Important Information:

Past performance is not a guarantee of future performance.

Investments in SEI Funds are generally medium to long term investments. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested. Additionally, this investment may not be suitable for everyone. If you should have any doubt whether it is suitable for you, you should obtain expert advice.

No offer of any security is made hereby. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any stock in particular, nor should it be construed as a recommendation to purchase or sell a security, including futures contracts.

In addition to the normal risks associated with equity investing, international investments may involve risk of capital loss from unfavourable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. Narrowly focused investments and smaller companies typically exhibit higher volatility. SEI Funds may use derivative instruments such as futures, forwards, options, swaps, contracts for differences, credit derivatives, caps, floors and currency forward contracts. These instruments may be used for hedging purposes and/or investment purposes.

While considerable care has been taken to ensure the information contained within this document is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of this information.

This information is issued by SEI Investments (Europe) Limited, 1^st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR which is authorised and regulated by the Financial Conduct Authority. Please refer to our latest Full Prospectus (which includes information in relation to the use of derivatives and the risks associated with the use of derivative instruments), Key Investor Information Documents and latest Annual or Semi-Annual Reports for more information on our funds. This information can be obtained by contacting your Financial Advisor or using the contact details shown above.