Gradient 40 International

The Gradient 40 International (G40i) is an actively managed portfolio designed to provide exposure to international stocks that provide long term capital appreciation and income through dividends. The individual equity investments are comprised of global industry leaders that are domiciled outside of the United States. Companies will be selected based upon fundamental opportunity but paired with a risk-managed sector and geographic overlay to ensure proper diversification.

The individual company stock investments will be made in American Depositary Receipts (ADRs), which are investments in foreign companies that are traded on U.S. stock market exchanges. ADRs provide U.S. investors access to foreign market stocks and are used for ease of transactions, liquidity, lower administration costs and tax simplicity. A significant difference between international and domestic stocks is the frequency of dividend payments. Many companies in international markets choose to pay dividends semiannually or annually as opposed to the quarterly dividend payments for domestic stocks.