Jim Nelson ran the 2 best international stock funds in the world in 2022, according to Kiplinger. He told us how he's positioned them for success, and why investors should go global now.
ranked second. US News and World report ranked the two funds first and third, respectively, in the foreign large value category.
Morningstar awarded both funds five-star ratings as well, although in the case of the Value Fund, that rating was given to a different share class than the one Kiplinger and US News recognized. Nelson's performance in 2022 was no one-time fluke. He has co-managed the Dividend Income Fund since its inception in 2014 and the Value Fund since April 2010, and their three- and five-year annualized returns are also some of the best in their class.
"It's typically a company that has a long successful operating history and a defensible franchise, but something's happened in the market where investors have turned negative temporarily," he said."Generally from a valuation perspective we're not buying anything that's trading at least 1 standard deviation under its 5 year average."
About half of the Value Fund's assets are dedicated to either defensive consumer-facing companies or basic materials makers. The Dividend Income is somewhat more diversified, with 15% to 20% of holdings devoted to consumer defensive, basic materials, and energy companies, with healthcare, utilities, and communication services companies each getting 10% to 15%.
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