The Shelton International Select Equity Strategy is likely a suitable investment strategy for those looking for either a core or growth international strategy. The team’s lifecycle-based process targets companies with the best opportunity to create shareholder value. This involves traditional “growth” companies along with what may be considered “value” companies that we believe are in the position to improve their competitive capacity, typically done with a management change and/or a major restructuring. Additionally, the portfolio is managed to take more idiosyncratic risk (stock specific risk) rather than making factor bets (i.e. big differences in sector or region allocation versus the benchmark). This ultimately leads to a higher active share and a lower tracking error.