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GQG Partners Global Quality Value Fund

mutual fund
GQFIX
Payout Change
Pending
Price as of:
$11.39 -0.07 -0.61%
primary theme
N/A
share class
GQFIX (Mutual Fund)

GQG Partners Global Quality Value Fund

Payout Change
Pending
Price as of:
$11.39 -0.07 -0.61%
primary theme
N/A
share class
GQFIX (Mutual Fund)

GQG Partners Global Quality Value Fund

Payout Change
Pending
Price as of:
$11.39 -0.07 -0.61%
primary theme
N/A
share class

Name

As of 12/10/2024

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

$11.39

$127 M

2.61%

$0.30

0.72%

Vitals

YTD Return

9.0%

1 yr return

13.0%

3 Yr Avg Return

7.9%

5 Yr Avg Return

N/A

Net Assets

$127 M

Holdings in Top 10

41.6%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/10/2024

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

$11.39

$127 M

2.61%

$0.30

0.72%

GQFIX - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.14%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    GQG Partners Global Quality Value Fund
  • Fund Family Name
    GQG Partners Inc
  • Inception Date
    Jun 30, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rajiv Jain

Fund Description

Under normal circumstances, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in securities of U.S. and non-U.S. companies, including those in emerging market countries, which the Adviser believes to be undervalued but have good prospects for capital appreciation. In addition, the Adviser considers a company’s historical dividend records and current prospects to pay a dividend going forward. Securities are selected based on a variety of factors, such as a company’s consistent effort to maintain or increase dividends over time while maintaining sufficient profitability. The Fund will generally hold securities of between 25 to 70 issuers.

The Fund will invest primarily in publicly traded common stocks but may also invest in preferred stocks, exchange-traded funds (“ETFs”) with economic characteristics similar to equity securities, 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 Adviser would typically invest in an ETF rather than directly in underlying investments when the Adviser believes that doing so would provide more efficient exposure, liquidity or market access. The Adviser would also typically invest in depositary receipts when local trading in certain non-US. companies is restricted, for added liquidity or if there is a significant discount to the locally traded shares.

The Fund may also invest in initial public offerings (“IPOs”) and securities of companies with any market capitalization. IPOs are considered for purchase by the Fund if the Adviser believes that the applicable company meets the same criteria as any other Fund investment in terms of appreciation and income opportunities. The Fund may also invest in U.S. Treasury securities, and in ETFs that attempt to track the price movements of commodities, including gold. Treasuries are considered as alternatives to holding cash if treasuries offer better yields. Commodity ETFs are considered if the Adviser believes that they offer exposure that cannot be met with individual company securities or exposure to markets to which the Fund does not have direct access.

Under normal circumstances, the Fund invests in at least five countries, which may include the United States, and invests at least 40% of its total assets in securities of non-U.S. companies or, if conditions are not favorable, invests at least 30% of its total assets in securities of non-U.S. companies. The Fund considers a company to be a non-U.S. company if: (i) at least 50% of the company’s assets are located outside of the U.S.; (ii) at least 50% of the company’s revenue is generated outside of the U.S.; (iii) the company is organized, conducts its principal operations, or maintains its principal place of business or principal manufacturing facilities outside of the U.S.; (iv) the company’s securities are traded principally outside of the U.S; or (v) the Adviser otherwise believes that the company’s assets are exposed to the economic fortunes and risks of a non-U.S. country (because, for example, the Adviser believes that the company’s growth is dependent on the country). The Fund may invest in equity securities of companies in both developed and emerging markets. The Fund considers classifications by the World Bank, the International Finance Corporation, the International Monetary Fund and the Fund’s benchmark index provider in determining whether a country is an

emerging market country. Emerging market countries generally include every country in the world except the U.S., Canada, Japan, Australia, New Zealand, and most of the countries in Western Europe.

The Fund may also invest in A Shares of companies based in the People’s Republic of China (“China”) that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). China A Shares are considered if they meet the same criteria for inclusion in the Fund’s portfolio as any other Fund investment. Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.

In managing the Fund’s investments, the Adviser seeks to buy companies that it believes are attractively priced with strong fundamental business characteristics and sustainable free cash flow and/or earnings. The Adviser focuses on equity securities that appear to be undervalued by various measures, but which the Adviser believes have good prospects for future earnings growth and capital appreciation. Such valuation measures and analyses include, without limitation, ratios such as price to earnings, price to book value, and price to cash flow which may be incorporated into an analysis of earnings, cash flows and/or discounted dividends to assess the merits of a potential investment. The relevance and application of any of these measures or analyses can vary based on a company’s particular characteristics. The Adviser typically pursues a “value 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 undervalued, quality, mature growing companies.

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. 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. When making purchase and sale decisions between similarly priced investment opportunities with comparable fundamentals, the Adviser seeks to identify relatively higher quality companies with strong financial positions, capable management, higher barriers to entry, more opportunity for growth and more durable earnings growth potential, based on the Adviser’s analyses of a company’s financial statements, economic health, competitors and

the markets that it serves. The Adviser seeks to outperform the MSCI ACWI Value Index (“Index”) 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.

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. In constructing the Fund’s portfolio of securities, the Adviser is not constrained by sector or industry weights in the Index. 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 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.

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GQFIX - Performance

Return Ranking - Trailing

Period GQFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% N/A N/A N/A
1 Yr 13.0% N/A N/A N/A
3 Yr 7.9%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period GQFIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% N/A N/A N/A
2022 -6.4% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period GQFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% N/A N/A N/A
1 Yr 13.0% N/A N/A N/A
3 Yr 7.9%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period GQFIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% N/A N/A N/A
2022 -1.2% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


GQFIX - Holdings

Concentration Analysis

GQFIX Category Low Category High GQFIX % Rank
Net Assets 127 M N/A N/A N/A
Number of Holdings 53 N/A N/A N/A
Net Assets in Top 10 56.2 M N/A N/A N/A
Weighting of Top 10 41.62% N/A N/A N/A

Top 10 Holdings

  1. PHILIP MORRIS INTERNATIONAL COMMON STOCK 5.46%
  2. ASTRAZENECA PLC-SPONS ADR DEPOSITARY RECEIPT 5.06%
  3. ATT INC COMMON STOCK 4.53%
  4. PETROLEO BRASILEIRO-SPON ADR DEPOSITARY RECEIPT 4.36%
  5. TOTALENERGIES SE COMMON STOCK 4.28%
  6. TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK 4.12%
  7. NOVO-NORDISK A/S-SPONS ADR DEPOSITARY RECEIPT 3.99%
  8. ADANI PORTS AND SPECIAL ECON COMMON STOCK 3.73%
  9. ENBRIDGE INC COMMON STOCK 3.06%
  10. GLENCORE PLC COMMON STOCK 3.04%

Asset Allocation

Weighting Return Low Return High GQFIX % Rank
Stocks
98.56% N/A N/A N/A
Cash
1.53% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High GQFIX % Rank
Energy
26.10% N/A N/A N/A
Consumer Defense
19.12% N/A N/A N/A
Healthcare
17.31% N/A N/A N/A
Utilities
11.70% N/A N/A N/A
Basic Materials
9.62% N/A N/A N/A
Financial Services
5.73% N/A N/A N/A
Industrials
4.78% N/A N/A N/A
Consumer Cyclical
2.19% N/A N/A N/A
Technology
1.70% N/A N/A N/A
Communication Services
1.00% N/A N/A N/A
Real Estate
0.74% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High GQFIX % Rank
US
54.36% N/A N/A N/A
Non US
44.21% N/A N/A N/A

GQFIX - Expenses

Operational Fees

GQFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

GQFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

GQFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

GQFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

GQFIX - Distributions

Dividend Yield Analysis

GQFIX Category Low Category High GQFIX % Rank
Dividend Yield 2.61% N/A N/A N/A

Dividend Distribution Analysis

GQFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

GQFIX Category Low Category High GQFIX % Rank
Net Income Ratio 4.14% N/A N/A N/A

Capital Gain Distribution Analysis

GQFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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GQFIX - Fund Manager Analysis

Managers

Rajiv Jain


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

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

Jun 30, 2021

0.92

0.9%

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
N/A N/A N/A N/A