CECPSX European Capital Strength Portfolio


The European Trust seeks to provide total return through capital appreciation.

Strategy Description

Under normal circumstances, the trust will invest at least 80% of the value of its assets in common stocks of European companies. The trust invests in a portfolio of European companies that the sponsor believes have had strong valuations, returns on capital and balance sheets. To determine whether a company has an attractive valuation, the sponsor compares valuation metrics against the selected company’s peer group. Strong returns on capital are evidenced by the company’s return on capital compared to the selected company’s peer group. Companies with strong balance sheets are typically those entities that are less levered than their peers. The trust's investment process is designed to favor strong cash flow generating companies that trade at reasonable multiples of their excess profits.

Summary Data

Label Value
Series Series 19
Asset Class
Investment Strategy/Goal
Investment Type/Style