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MARSICO GLOBAL FUND

mutual fund
MGLBX
Payout Change
Suspended
Price as of:
$24.88 -0.01 -0.04%
primary theme
N/A
share class
MGLBX (Mutual Fund)

MARSICO GLOBAL FUND

Payout Change
Suspended
Price as of:
$24.88 -0.01 -0.04%
primary theme
N/A
share class
MGLBX (Mutual Fund)

MARSICO GLOBAL FUND

Payout Change
Suspended
Price as of:
$24.88 -0.01 -0.04%
primary theme
N/A
share class

Name

As of 10/02/2024

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

MARSICO GLOBAL FUND

MGLBX | Fund

$24.88

$355 M

0.00%

1.55%

Vitals

YTD Return

32.2%

1 yr return

52.6%

3 Yr Avg Return

11.6%

5 Yr Avg Return

15.3%

Net Assets

$355 M

Holdings in Top 10

55.3%

52 WEEK LOW AND HIGH

$24.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 65.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/02/2024

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

MARSICO GLOBAL FUND

MGLBX | Fund

$24.88

$355 M

0.00%

1.55%

MGLBX - Profile

Distributions

  • YTD Total Return 32.2%
  • 3 Yr Annualized Total Return 11.6%
  • 5 Yr Annualized Total Return 15.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    MARSICO GLOBAL FUND
  • Fund Family Name
    MARSICO INVESTMENT FUND
  • Inception Date
    Jun 29, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Marsico

Fund Description

The Marsico Global Fund is a "diversified" mutual fund and invests primarily in the common stocks of U.S. and foreign companies that are selected for their long-term growth potential. The Fund may invest in an unlimited number of companies of any size that are economically tied to any countries or markets throughout the world, including securities of companies economically tied to emerging markets. Under normal market conditions, the Fund will invest significantly (generally, at least 40% of its net assets) in the securities of issuers organized or located outside the U.S., doing business outside the U.S., or other foreign securities further described in this Prospectus (unless market conditions are not deemed favorable by the investment adviser to the Fund, Marsico Capital Management, LLC (see "Management" below), in which case the Fund generally will invest at least 30% of its net assets in such foreign securities). The Fund will invest its assets in various regions and countries, including the U.S., which encompass not less than three different countries overall.

The investment adviser searches for growth globally by evaluating companies in industries around the world to uncover attractive investment opportunities and understand the competitive landscape on a world-wide basis. The investment adviser defines growth flexibly to include major changes in company direction and indicators such as a company's market share and the size of the underlying markets it serves.

The investment adviser seeks to select stocks of high-quality companies with compelling long-term capital appreciation potential. The fundamental investment approach combines "top-down" macro-economic analysis and investment theme development with "bottom-up" company and security analysis to identify attractive opportunities. The "top-down" approach generally considers certain macro-economic factors to formulate the strategic backdrop for security selection. Some relevant factors may include, without limitation, global and U.S. GDP levels and direction, interest rates, inflationary and deflationary forces, employment, fiscal and monetary policy, trade policy, currency movements, credit conditions, demographic trends, the regulatory environment, and the global competitive landscape. The investment adviser also may examine other factors that may include, without limitation, the most attractive global investment opportunities, sector and industry trends, industry consolidation, and the sustainability of financial trends. Through this "top-down" analysis, the investment adviser seeks to identify sectors, industries and companies that may benefit from the overall trends the investment adviser has observed.

In the bottom-up analysis, the investment adviser looks for individual companies or securities that are expected to offer earnings growth potential that may not be recognized by the market at large. In determining whether a particular company or security may be a suitable investment, the investment adviser evaluates and selects stocks and other securities on the basis of attributes that may include, without limitation, a company's specific market expertise or dominance; its market share position, strong brand franchise, durability, and pricing power; superior scale and distribution; attractive fundamentals (e.g., one or more factors such as a solid balance sheet, improving profit margins and returns on equity, the ability to generate free cash flow, apparent use of conservative accounting standards, and transparent financial disclosure); excellent management team; commitment to shareholder interests; a security's reasonable current valuation in the context of projected growth rates and peer group comparisons; current income; and other positive, transformational catalysts or indications that a company or security may be an attractive investment prospect, such as a major new innovative product or new management team. This process is called "bottom-up" company and security selection.

As part of this fundamental, "bottom-up" research, the investment adviser may communicate with a company's management and conduct other research to gain knowledge of the company. The investment adviser also may prepare detailed earnings and cash flow models of certain companies.

Three types of companies are typically owned in the Fund's portfolio: core growth, aggressive growth, and "life cycle change." The majority of the Fund's assets (i.e., the primary investments held by the Fund over time) is generally invested in securities of core growth companies, which are typically well-established seasoned companies and securities that the investment adviser believes may offer the potential for long-term, attractive, above-market, relatively predictable future earnings growth rates. Depending on the investment adviser's macroeconomic view and company-specific investment opportunities, the investment adviser may allocate smaller portions of the Fund's portfolio to aggressive growth or life cycle change companies. Aggressive growth companies are innovative companies that the investment adviser believes may produce rapidly accelerating earnings growth in excess of overall market performance, such as less mature companies or other companies with more aggressive growth characteristics. Life cycle change companies are companies that, in the investment adviser's opinion, are undergoing a positive transformational change in their business model that the investment adviser believes could serve as a catalyst for substantially improved earnings growth in the future. Often, these are companies whose stocks may be trading at low multiples and which may be out of favor with other growth-oriented equity investors. Some examples of a positive change would include a merger, acquisition, new product, new management team, favorable regulatory development, or other positive industry-level change.

The investment adviser may reduce or sell the Fund's portfolio securities if, in the opinion of the investment adviser, a security's fundamentals change substantially, the security reaches the investment adviser's price target or its price appreciation leads to overvaluation in relation to the investment adviser's estimates of future earnings and cash flow growth, there is a significant adverse change in the underlying rationale for owning a security or the company appears unlikely to realize its growth potential or current income potential, more attractive investment opportunities appear elsewhere, a significant adverse macro-economic development occurs, or for other reasons.

The investment adviser has discretion to hedge exposures to currencies, markets, interest rates, and any other variables that could potentially affect returns to investors. The Fund may use derivative investments or instruments such as futures, options, swaps, or forward currency contracts to attempt to hedge the Fund's portfolio, or to serve other investment purposes as discussed further in this Prospectus under "More Information about the Funds." The Fund is not intended as a vehicle for investing substantially in derivatives, and tends to hold such investments only infrequently. The Fund is not required to hedge its investments and historically has rarely done so.

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MGLBX - Performance

Return Ranking - Trailing

Period MGLBX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.2% -35.6% 29.2% 73.38%
1 Yr 52.6% 17.3% 252.4% 25.91%
3 Yr 11.6%* -3.5% 34.6% 12.04%
5 Yr 15.3%* 0.1% 32.7% 5.64%
10 Yr 12.0%* -6.9% 18.3% 7.42%

* Annualized

Return Ranking - Calendar

Period MGLBX Return Category Return Low Category Return High Rank in Category (%)
2023 32.7% -24.3% 957.1% 7.68%
2022 -37.2% -38.3% 47.1% 19.47%
2021 -6.3% -54.2% 0.6% 3.36%
2020 38.9% -76.0% 54.1% 9.81%
2019 27.2% -26.1% 47.8% 95.85%

Total Return Ranking - Trailing

Period MGLBX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.2% -35.6% 29.2% 73.49%
1 Yr 52.6% 11.4% 252.4% 23.86%
3 Yr 11.6%* -3.5% 34.6% 11.31%
5 Yr 15.3%* 0.1% 32.7% 5.50%
10 Yr 12.0%* -6.9% 18.3% 7.42%

* Annualized

Total Return Ranking - Calendar

Period MGLBX Return Category Return Low Category Return High Rank in Category (%)
2023 35.4% -24.3% 957.1% 7.68%
2022 -34.5% -33.1% 47.1% 19.60%
2021 10.8% -44.4% 1.8% 9.83%
2020 42.3% -6.5% 54.1% 2.49%
2019 27.2% -14.4% 47.8% 98.25%

NAV & Total Return History


MGLBX - Holdings

Concentration Analysis

MGLBX Category Low Category High MGLBX % Rank
Net Assets 355 M 199 K 133 B 57.79%
Number of Holdings 27 1 9075 89.87%
Net Assets in Top 10 197 M -18 M 37.6 B 52.42%
Weighting of Top 10 55.27% 9.1% 100.0% 21.97%

Top 10 Holdings

  1. STATE STR INSTL INVT TR TREAS MMKT FD INST 13.20%
  2. MICROSOFT CORP COMMON STOCK USD.00000625 5.45%
  3. NVIDIA CORP COMMON STOCK USD.001 5.13%
  4. TAIWAN SEMICONDUCTOR SP ADR ADR 4.90%
  5. APPLE INC COMMON STOCK USD.00001 4.88%
  6. META PLATFORMS INC CLASS A COMMON STOCK USD.000006 4.78%
  7. ASML HOLDING NV NY REG SHS NY REG SHRS EUR.09 4.66%
  8. ARM HOLDINGS PLC ADR ADR USD.001 4.47%
  9. NOVO NORDISK A/S B COMMON STOCK DKK.1 4.04%
  10. ELI LILLY + CO COMMON STOCK 3.76%

Asset Allocation

Weighting Return Low Return High MGLBX % Rank
Stocks
86.89% 61.84% 125.47% 91.52%
Cash
13.20% -174.70% 23.12% 7.16%
Preferred Stocks
0.00% -0.01% 5.28% 68.83%
Other
0.00% -13.98% 19.14% 23.24%
Convertible Bonds
0.00% 0.00% 4.46% 65.42%
Bonds
0.00% -1.50% 161.67% 66.74%

Stock Sector Breakdown

Weighting Return Low Return High MGLBX % Rank
Technology
32.73% 0.00% 49.87% 2.31%
Consumer Cyclical
24.35% 0.00% 40.94% 5.62%
Communication Services
12.95% 0.00% 57.66% 0.66%
Financial Services
8.32% 0.00% 38.42% 84.80%
Basic Materials
7.12% 0.00% 38.60% 66.96%
Healthcare
5.57% 0.00% 35.42% 99.34%
Consumer Defense
3.23% 0.00% 73.28% 80.51%
Industrials
3.13% 0.00% 44.06% 94.60%
Energy
2.59% 0.00% 21.15% 88.66%
Utilities
0.00% 0.00% 29.12% 91.30%
Real Estate
0.00% 0.00% 39.48% 92.18%

Stock Geographic Breakdown

Weighting Return Low Return High MGLBX % Rank
US
71.03% 0.13% 103.82% 57.71%
Non US
15.86% 0.58% 99.46% 60.02%

MGLBX - Expenses

Operational Fees

MGLBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.01% 44.27% 26.34%
Management Fee 0.80% 0.00% 1.82% 74.84%
12b-1 Fee 0.25% 0.00% 1.00% 40.58%
Administrative Fee 0.11% 0.01% 0.76% 66.45%

Sales Fees

MGLBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MGLBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 50.00%

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.

MGLBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 395.00% 64.56%

MGLBX - Distributions

Dividend Yield Analysis

MGLBX Category Low Category High MGLBX % Rank
Dividend Yield 0.00% 0.00% 3.26% 64.88%

Dividend Distribution Analysis

MGLBX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

MGLBX Category Low Category High MGLBX % Rank
Net Income Ratio -1.03% -4.27% 12.65% 95.34%

Capital Gain Distribution Analysis

MGLBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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MGLBX - Fund Manager Analysis

Managers

Thomas Marsico


Start Date

Tenure

Tenure Rank

Jun 29, 2007

14.93

14.9%

Tom Marsico is the founder, Chief Executive Officer, and Chief Investment Officer of Marsico Capital Management, LLC ("Marsico Capital"), which has served as the investment adviser to the Marsico Funds since 1997. Tom sets Marsico Capital's overall research and investment strategy. He serves as co-manager of the Marsico Focus Fund and the Marsico Growth Fund with Brandon Geisler; as co-manager of the Marsico Global Fund with Brandon Geisler and Rob Susman; and as co-manager of the Marsico International Opportunities Fund with Rob Susman. He has over 35 years of experience in the investment man

Brandon Geisler


Start Date

Tenure

Tenure Rank

Sep 01, 2018

3.75

3.8%

Brandon Geisler is the portfolio manager of the Marsico 21st Century Fund; co-manager of the Marsico Focus Fund with Tom Marsico; and co-manager of the Marsico Growth Fund with Tom Marsico and Peter Marsico; and co-manager of the Marsico Global Fund with Tom Marsico and Rob Susman. He joined Marsico Capital in 2006 and has over 15 years of experience in the financial services industry. Brandon spent four years with Goldman, Sachs & Co., where he was a Vice President in Equity Research covering the restaurant and other consumer-related industry groups. At Marsico Capital, Brandon has remained actively involved in those areas, while broadening his research responsibilities to include many other industries. Brandon received his MBA degree and Honours BS degree from McMaster University in Ontario.

Robert Susman


Start Date

Tenure

Tenure Rank

Sep 01, 2018

3.75

3.8%

Rob Susman, CFA, co-manages the Marsico International Opportunities Fund with Tom Marsico, and co-manages the Marsico Global Fund with Tom Marsico and Brandon Geisler. Rob joined MCM in 2013, and has over 15 years of experience in the financial services industry. He began his career at Morgan Stanley, where he was an associate in the equity research department before joining the firm’s Corporate Strategy and Execution Team. Rob later transitioned to the buy-side where he was an analyst for Baron Capital, Inc. He earned an AB in Economics from Harvard College and an MBA from Harvard Business School. He was awarded the designation of Chartered Financial Analyst in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25