Laudus Funds(1)

Five International Managers in One Fund

Laudus International Market Masters Fund

US> Small-Cap > Core

Aug 25, 2006

Jeffrey Mortimer’s job isn’t stock picking. Instead, he picks managers, and more importantly, he picks how much capital is allocated to each manager. The goal is to achieve a broadly diversified international fund that can have a value tilt or a growth tilt depending on the macroeconomic environment. A key aspect of the fund’s strategy is the focus on future, not past performance, and that is achieved through a proprietary mean reversion model.