Perspectives

2Q2022 – Global Emerging Markets Growth Commentary

We continue to see an exciting and attractive runway for our Portfolio companies over the long term

We seek to opportunistically seize on market inefficiencies to strengthen the Portfolio for the long term

We believe quality growth investing is an advantaged way of deploying capital over the long term

Our North Star is to remain focused on long-term intrinsic value creation and act with the conviction of our disciplined research process

The short-term lens is often influenced by fear and uncertainty, but we believe the long-term picture is far clearer than the market would suggest

We seek to rise above market noise by buying businesses based on their fundamentals and consistent, long-term earnings growth

A variety of factors can affect markets and stocks in the short term, but underlying results will ultimately be weighed

We expect to see the resilience of revenue and earnings growth rise in importance in a more growth-challenged world

We seek to invest in companies with solid balance sheets and long runways for growth