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Trending ETFs

GQG PARTNERS US SELECT QUALITY EQUITY FUND

mutual fund
GQERX
Payout Change
Pending
Price as of:
$22.53 +0.1 +0.45%
primary theme
U.S. Large-Cap Growth Equity
GQERX (Mutual Fund)

GQG PARTNERS US SELECT QUALITY EQUITY FUND

Payout Change
Pending
Price as of:
$22.53 +0.1 +0.45%
primary theme
U.S. Large-Cap Growth Equity
GQERX (Mutual Fund)

GQG PARTNERS US SELECT QUALITY EQUITY FUND

Payout Change
Pending
Price as of:
$22.53 +0.1 +0.45%
primary theme
U.S. Large-Cap Growth Equity

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.53

$1.74 B

0.52%

$0.12

0.51%

Vitals

YTD Return

22.8%

1 yr return

40.3%

3 Yr Avg Return

16.0%

5 Yr Avg Return

18.9%

Net Assets

$1.74 B

Holdings in Top 10

55.9%

52 WEEK LOW AND HIGH

$22.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 143.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.53

$1.74 B

0.52%

$0.12

0.51%

GQERX - Profile

Distributions

  • YTD Total Return 22.8%
  • 3 Yr Annualized Total Return 16.0%
  • 5 Yr Annualized Total Return 18.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    GQG PARTNERS US SELECT QUALITY EQUITY FUND
  • Fund Family Name
    GQG Partners Inc
  • Inception Date
    Sep 28, 2018
  • Shares Outstanding
    525423
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rajiv Jain

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund also may invest in equity securities of foreign companies in both developed and emerging markets.

The equity securities in which the Fund invests are primarily publicly traded common stocks. The Fund may invest in initial public offerings (“IPOs”) and securities of companies with any market capitalization. The Fund considers a company to be a U.S. company if: (i) at least 50% of the company’s assets are located in the U.S.; (ii) at least 50% of the company’s revenue is generated in the U.S.; (iii) the company is organized, conducts its principal operations, or maintains its principal place of business or

principal manufacturing facilities in the U.S.; (iv) the company’s securities are traded principally in the U.S.; or (v) the Adviser otherwise believes that the company’s assets are exposed to the economic fortunes and risks of the U.S. (because, for example, the Adviser believes that the company’s growth is dependent on the U.S.).

The Fund’s equity investments also may include depositary receipts (including unsponsored depositary receipts and American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”)), which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies, and participation notes (“P-Notes”), which are derivative instruments designed to replicate equity exposure in certain foreign markets where direct investment is either impossible or difficult due to local investment restrictions. The Fund may also invest in U.S. Treasury securities.

In managing the Fund’s investments, the Adviser typically pursues a “growth style” of investing as it seeks to capture market inefficiencies which the Adviser believes are driven by investors’ propensity to be short-sighted and overly focused on quarter-to-quarter price movements rather than on a company’s fundamentals over a longer time horizon (5 years or more). The Adviser believes that this market inefficiency tends to lead investors to underappreciate the compounding potential of quality, growing companies. To identify this subset of companies, the Adviser generates investment ideas from a variety of sources, ranging from institutional knowledge and industry contacts, to the Adviser’s proprietary screening process that seeks to identify suitable companies based on several quality factors such as rates of return on equity and total capital, margin stability and profitability. Ideas are then subject to rigorous fundamental analysis as the Adviser seeks to identify and invest in companies that it believes reflect higher quality opportunities on a forward-looking basis. Specifically, the Adviser seeks to buy companies that it believes are reasonably priced and have strong fundamental business characteristics and sustainable and durable earnings growth. The Adviser seeks to outperform peers over a full market cycle by seeking to capture market upside while limiting downside risk. For these purposes, a full market cycle can be measured from a point in the market cycle (e.g., a peak or trough) to the corresponding point in the next market cycle.

Many of the stocks in which the Fund invests may be considered to be “growth” stocks, in that they may have above-average rates of earnings growth and thus experience above-average increases in stock prices, subject to the Adviser’s criteria for quality. The Fund may also purchase stocks that would not fall into the traditional “growth” style

box. In constructing the Fund’s portfolio of securities, the Adviser is not constrained by sector or industry weights in the Fund’s benchmark. The Fund may invest in any economic sector and, at times, emphasize one or more particular industries or sectors in the portfolio construction process. The Adviser relies on individual stock selection driven by a bottom-up research process rather than seeking to add value based on “top-down”, macro based criteria.

The Adviser may sell a company if the Adviser believes that the company’s long-term competitive advantage or relative earnings growth prospects have deteriorated, or the Adviser has otherwise lost conviction that the company reflects a higher quality opportunity than other available investments on a forward looking basis. The Adviser also may sell a company if the company has met its price target or is involved in a business combination, if the Adviser identifies a more attractive investment opportunity, or the Adviser wishes to reduce the Fund’s exposure to the company or a particular country or geographic region.

The Fund is classified as “non-diversified,” which means that it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.

Due to its investment strategy, the Fund may buy and sell securities frequently.

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GQERX - Performance

Return Ranking - Trailing

Period GQERX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.8% -10.2% 26.3% 1.14%
1 Yr 40.3% -12.6% 66.9% 11.74%
3 Yr 16.0%* -27.9% 24.8% 0.72%
5 Yr 18.9%* -14.3% 29.5% 5.85%
10 Yr N/A* -5.0% 19.6% N/A

* Annualized

Return Ranking - Calendar

Period GQERX Return Category Return Low Category Return High Rank in Category (%)
2023 17.0% -36.9% 72.4% 90.89%
2022 -6.9% -85.9% 4.7% 0.71%
2021 18.2% -52.4% 60.5% 19.19%
2020 23.0% -34.3% 145.0% 61.44%
2019 26.4% -21.8% 49.4% 40.98%

Total Return Ranking - Trailing

Period GQERX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.8% -10.2% 26.3% 1.14%
1 Yr 40.3% -12.6% 66.9% 11.74%
3 Yr 16.0%* -27.9% 24.8% 0.72%
5 Yr 18.9%* -14.3% 29.5% 5.85%
10 Yr N/A* -5.0% 19.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GQERX Return Category Return Low Category Return High Rank in Category (%)
2023 17.7% -4.6% 72.4% 95.71%
2022 -2.7% -61.7% 5.6% 0.27%
2021 20.0% -39.8% 118.1% 61.62%
2020 23.9% 2.8% 149.2% 85.43%
2019 27.2% -5.2% 49.4% 90.98%

NAV & Total Return History


GQERX - Holdings

Concentration Analysis

GQERX Category Low Category High GQERX % Rank
Net Assets 1.74 B 242 K 269 B 44.19%
Number of Holdings 31 2 3211 90.10%
Net Assets in Top 10 973 M 109 K 111 B 43.38%
Weighting of Top 10 55.87% 0.7% 100.3% 25.04%

Top 10 Holdings

  1. NVIDIA CORP COMMON STOCK 8.48%
  2. META PLATFORMS INC COMMON STOCK 7.56%
  3. ELI LILLY CO COMMON STOCK 6.93%
  4. MICROSOFT CORP COMMON STOCK 6.23%
  5. ALPHABET INC-CL C COMMON STOCK 5.39%
  6. AMAZON.COM INC COMMON STOCK 4.62%
  7. BROADCOM INC COMMON STOCK 4.47%
  8. UNITEDHEALTH GROUP INC COMMON STOCK 4.31%
  9. CANADIAN NATURAL RESOURCES COMMON STOCK 4.24%
  10. SCHLUMBERGER LTD COMMON STOCK 3.64%

Asset Allocation

Weighting Return Low Return High GQERX % Rank
Stocks
96.37% 0.00% 130.05% 89.83%
Cash
3.63% 0.00% 99.00% 10.60%
Preferred Stocks
0.00% 0.00% 7.84% 61.52%
Other
0.00% -43.49% 50.04% 63.45%
Convertible Bonds
0.00% 0.00% 1.94% 55.04%
Bonds
0.00% 0.00% 104.29% 57.76%

Stock Sector Breakdown

Weighting Return Low Return High GQERX % Rank
Consumer Defense
24.92% 0.00% 25.50% 0.61%
Energy
21.96% 0.00% 41.09% 0.53%
Healthcare
14.76% 0.00% 39.76% 30.32%
Utilities
11.26% 0.00% 16.07% 0.44%
Financial Services
6.88% 0.00% 43.06% 71.60%
Basic Materials
6.58% 0.00% 18.91% 4.38%
Communication Services
4.77% 0.00% 66.40% 90.71%
Technology
4.60% 0.00% 65.70% 99.47%
Industrials
4.27% 0.00% 30.65% 71.95%
Real Estate
0.00% 0.00% 16.05% 85.98%
Consumer Cyclical
0.00% 0.00% 62.57% 99.65%

Stock Geographic Breakdown

Weighting Return Low Return High GQERX % Rank
US
96.37% 0.00% 130.05% 76.07%
Non US
0.00% 0.00% 78.10% 69.15%

GQERX - Expenses

Operational Fees

GQERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 28.71% 87.87%
Management Fee 0.45% 0.00% 1.40% 20.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

GQERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GQERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GQERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 143.00% 0.00% 316.74% 95.94%

GQERX - Distributions

Dividend Yield Analysis

GQERX Category Low Category High GQERX % Rank
Dividend Yield 0.52% 0.00% 27.58% 29.11%

Dividend Distribution Analysis

GQERX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually SemiAnnual Annual

Net Income Ratio Analysis

GQERX Category Low Category High GQERX % Rank
Net Income Ratio 1.39% -6.13% 1.75% 0.36%

Capital Gain Distribution Analysis

GQERX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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GQERX - Fund Manager Analysis

Managers

Rajiv Jain


Start Date

Tenure

Tenure Rank

Sep 28, 2018

3.67

3.7%

Rajiv Jain is the Chairman, Chief Investment Officer and Portfolio Manager of GQG Partners LLC. Prior to joining GQG Partners in 2016, Mr. Jain served as a Co-Chief Executive Officer, Chief Investment Officer and Head of Equities at Vontobel Asset Management (“Vontobel”). He joined Vontobel in 1994 as an equity analyst & associate manager of its international equity portfolios. Mr. Jain earned an MBA in Finance and International Business from the University of Miami in 1993. He also has a Master’s degree from the University of Ajmer and an undergraduate degree in Accounting.

James Anders


Start Date

Tenure

Tenure Rank

Sep 01, 2020

1.75

1.8%

James joins GQG Partners LLC from Mercator Asset Management where he was a Senior VP and research analyst. His regional research responsibilities were Benelux as well as Latin America. He has extensive experience in the international equity arena, including developed Europe, emerging markets in Asia and Latin America, and frontier markets in Africa and the Middle East. He previously served as a research analyst at Consilium Investment Management in Ft. Lauderdale from 2008 to 2013, where he focused most recently on emerging and frontier markets equities. James began his career in 1993, serving

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.27 2.92