Strategies

Sprucegrove focuses exclusively on global and international equity mandates exclusively for institutional investors.  As a quality-oriented value manager, we seek to build portfolios of high-quality companies at attractive valuations, over a long-investment horizon.

International (EAFE) ACWI ex U.S. Global ACWI ex. U.S. Small Cap ACWI Small Cap
Mandate International Equities
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All Country World ex. US Equities
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Global Equities
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All Country World ex. U.S. Small Cap Equities
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All Country World Small Cap Equities
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Benchmark MSCI EAFE Index (Canadian Dollars) MSCI All Country World ex U.S. Net Index (Canadian Dollars) MSCI World Index (Canadian Dollars) MSCI ACWI ex. USA Small Cap Index (U.S. Dollars) MSCI All Country World Small Cap Index (US Dollars)
Composite Inception April 30, 1985 November 30, 2019 June 30, 1992 September 1, 2025 May 1, 2025
Region A minimum 3 countries from each of the Europe and Asia/Pacific regions. A minimum 3 countries from each of the Europe and Asia/Pacific regions. A minimum 3 European countries and 2 of the Asia/Pacific countries represented in the MSCI World Index plus the Americas. The Fund will invest in at least six (6) countries collectively located in Europe and/or Asia/Pacific represented in the MSCI ACWI ex USA Small Cap Index. Minimum 6 countries collectively located in Europe and/or Asia/Pacific represented in the MSCI ACWI Small Cap Index.
Sector Minimum 7 of 11 MSCI sectors. Maximum individual sector 30%. Minimum 7 of 11 MSCI sectors. Maximum individual industry 25%. Minimum 7 of 11 MSCI sectors. Maximum individual sector 30%. Minimum 7 of 11 MSCI sectors. Maximum individual industry 35%. Minimum 7 of 11 MSCI sectors. Maximum individual industry group: 35%.
Holdings Minimum 40 companies. Maximum company weighting 5%.
Maximum ownership, lesser of outstanding shares 5%; free float 10%.
Minimum 40 companies. Maximum company weighting 5%.
Maximum ownership, lesser of outstanding shares 5%; free float 10%.
Minimum 60 companies. Maximum company weighting 5%.
Maximum ownership, lesser of outstanding shares 5%; free float 10%.
Maximum company weighting: 6%.
Maximum ownership: 15% of an issuer’s outstanding shares.
Minimum 30 companies.
Maximum company weighting 6%.
Maximum ownership: 15% of an issuer’s outstanding shares.
Vehicles Pooled Funds (Pension and Non-Pension)
Separate Accounts
Pooled Funds (Pension and Non-Pension)
Separate Accounts
Pooled Funds (Pension and Non-Pension)
Separate Accounts
Separate Accounts
Commingled Funds
Separate Accounts
Commingled Funds

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