Seafarer Overseas Growth and Income Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.3%
1 yr return
12.6%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
5.7%
Net Assets
$2.66 B
Holdings in Top 10
31.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SFGIX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.35%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameSeafarer Overseas Growth and Income Fund
-
Fund Family NameALPS Advised Funds
-
Inception DateFeb 15, 2012
-
Shares Outstanding16389783
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Foster
Fund Description
Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its total assets in dividend-paying common stocks, preferred stocks, convertible securities, and debt obligations of foreign companies (which the Fund regards as companies located outside the U.S.), foreign governments and their agencies, where “total assets” means net assets, plus the amount of any borrowings for investment purposes.
The Fund seeks to offer investors a relatively stable means of participating in a portion of developing countries’ growth prospects, while providing some downside protection, in comparison to a portfolio that invests only in the common stocks of developing countries. The strategy of owning dividend-paying equities and convertible bonds is intended to help the Fund meet its investment objective while reducing the volatility of the portfolio’s returns.
The Fund can invest without constraint in the securities of companies located in developing countries and territories. The Fund’s investment adviser, Seafarer Capital Partners, LLC (“Seafarer” or the “Adviser”), considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (“Latin America”), and the Middle East are developing countries. Currently, these nations and territories include, but are not limited to:
Africa: Botswana, Ghana, Kenya, Mauritius, Morocco, Nigeria, Tunisia, South Africa, and Zimbabwe
East and South Asia: Bangladesh, China, India, Indonesia, Malaysia, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam
Emerging Europe: Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Greece, Hungary, Lithuania, Kazakhstan, Poland, Romania, Russia, Serbia, Slovenia, Turkey, and Ukraine
Latin America: Argentina, Brazil, Chile, Colombia, Jamaica, Mexico, Peru, and Trinidad and Tobago
Middle East: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and United Arab Emirates
Seafarer identifies developing countries based on its own analysis and measure of industrialization, economic growth, per capita income, and other factors; it may also consider classifications produced by the World Bank, the International Finance Corporation, the United Nations, and private financial services firms such as FTSE, MSCI, and Morningstar.
The Fund may also invest in the securities of companies located in selected foreign developed nations and territories, which in the Adviser’s opinion have significant economic and financial linkages to developing countries. Currently, these nations and territories include, but are not limited to, Australia, Hong Kong, Ireland, Israel, Japan, New Zealand, Singapore, and the United Kingdom.
The Adviser determines a company’s location based on a number of factors. A company is generally regarded by the Adviser as being located in a particular country if the company: (i) is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country; or (ii) derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country; or (iii) has more than 50% of its assets in the particular country.
Exposure to foreign companies through the Fund’s investments in depositary receipts will be included in the Fund’s percentage of total assets invested in foreign securities.
The Fund may typically invest in convertible securities and debt obligations of any quality or duration. Such debt obligations may include, but are not limited to, investments in below investment grade debt, also known as “junk bonds.” The Fund may allocate among equity and debt investments without limitation.
The Fund may generally invest in companies of any size or capitalization, including smaller companies. The Fund generally invests in companies with market capitalizations of $250 million or more at the time of purchase. The securities of certain issuers may from time to time constitute more than five percent (5%) of the Fund’s net assets.
SFGIX - Performance
Return Ranking - Trailing
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -6.1% | 14.4% | 91.91% |
1 Yr | 12.6% | -6.1% | 41.9% | 40.84% |
3 Yr | -1.7%* | -22.7% | 9.1% | 23.39% |
5 Yr | 5.7%* | -7.2% | 11.5% | 19.30% |
10 Yr | 4.6%* | -2.3% | 6.8% | 16.37% |
* Annualized
Return Ranking - Calendar
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -6.5% | 35.5% | 24.70% |
2022 | -14.4% | -50.1% | -2.4% | 3.34% |
2021 | -10.1% | -33.1% | 22.5% | 72.83% |
2020 | 19.2% | -22.1% | 80.1% | 39.48% |
2019 | 19.8% | -0.7% | 42.0% | 42.11% |
Total Return Ranking - Trailing
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -6.1% | 14.4% | 91.91% |
1 Yr | 12.6% | -6.1% | 41.9% | 40.84% |
3 Yr | -1.7%* | -22.7% | 9.1% | 23.39% |
5 Yr | 5.7%* | -7.2% | 11.5% | 19.30% |
10 Yr | 4.6%* | -2.3% | 6.8% | 16.37% |
* Annualized
Total Return Ranking - Calendar
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.2% | -2.7% | 42.0% | 28.21% |
2022 | -11.8% | -42.2% | 1.9% | 4.45% |
2021 | -2.4% | -32.5% | 33.1% | 56.83% |
2020 | 22.2% | -20.0% | 81.6% | 36.25% |
2019 | 21.1% | 2.3% | 42.0% | 49.76% |
NAV & Total Return History
SFGIX - Holdings
Concentration Analysis
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Net Assets | 2.66 B | 653 K | 96.1 B | 20.40% |
Number of Holdings | 51 | 10 | 6829 | 89.33% |
Net Assets in Top 10 | 973 M | 299 K | 17.9 B | 18.13% |
Weighting of Top 10 | 31.21% | 2.9% | 122.2% | 58.61% |
Top 10 Holdings
- Hyundai Mobis Co., Ltd. 4.44%
- Sanlam, Ltd. 3.46%
- Rohm Co., Ltd. 3.18%
- Samsung Biologics Co., Ltd. 3.13%
- Samsung Electronics Co., Ltd. 3.03%
- Richter Gedeon Nyrt 3.03%
- Accton Technology Corp. 3.00%
- Wal-Mart de Mexico SAB de CV 2.73%
- Venture Corp., Ltd. 2.60%
- XP, Inc. 2.60%
Asset Allocation
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Stocks | 91.66% | 0.00% | 103.65% | 86.53% |
Cash | 5.31% | -2.03% | 20.51% | 11.20% |
Preferred Stocks | 3.03% | 0.00% | 10.17% | 14.53% |
Other | 0.00% | -1.64% | 50.31% | 46.80% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 30.07% |
Bonds | 0.00% | 0.00% | 94.30% | 38.93% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Technology | 20.25% | 0.00% | 47.50% | 67.21% |
Consumer Defense | 17.24% | 0.00% | 25.90% | 3.37% |
Financial Services | 13.64% | 0.00% | 48.86% | 90.96% |
Healthcare | 12.91% | 0.00% | 16.53% | 4.99% |
Consumer Cyclical | 10.59% | 0.00% | 48.94% | 72.74% |
Industrials | 8.95% | 0.00% | 43.53% | 21.05% |
Communication Services | 7.75% | 0.00% | 39.29% | 64.24% |
Real Estate | 2.64% | 0.00% | 17.15% | 24.43% |
Energy | 2.46% | 0.00% | 24.80% | 74.63% |
Basic Materials | 1.85% | 0.00% | 30.03% | 93.39% |
Utilities | 1.72% | 0.00% | 39.12% | 43.05% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Non US | 79.32% | 0.00% | 100.18% | 67.87% |
US | 12.34% | 0.00% | 101.58% | 43.47% |
SFGIX - Expenses
Operational Fees
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.99% | 0.03% | 24.48% | 76.04% |
Management Fee | 0.74% | 0.00% | 2.00% | 23.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 4.55% |
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.
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.00% | 0.00% | 189.00% | 51.31% |
SFGIX - Distributions
Dividend Yield Analysis
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.88% | 42.67% |
Dividend Distribution Analysis
SFGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.35% | -1.98% | 17.62% | 31.67% |
Capital Gain Distribution Analysis
SFGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.083 | OrdinaryDividend |
Jun 29, 2023 | $0.176 | OrdinaryDividend |
Dec 15, 2022 | $0.214 | OrdinaryDividend |
Jun 30, 2022 | $0.115 | OrdinaryDividend |
Jun 24, 2021 | $0.211 | OrdinaryDividend |
Jun 25, 2020 | $0.070 | OrdinaryDividend |
Dec 12, 2019 | $0.126 | OrdinaryDividend |
Jun 21, 2018 | $0.112 | OrdinaryDividend |
Jun 22, 2017 | $0.105 | OrdinaryDividend |
Dec 15, 2016 | $0.104 | OrdinaryDividend |
Jun 23, 2016 | $0.087 | OrdinaryDividend |
Jun 23, 2015 | $0.059 | OrdinaryDividend |
Jun 25, 2014 | $0.072 | OrdinaryDividend |
Jun 27, 2013 | $0.145 | OrdinaryDividend |
Jun 28, 2012 | $0.050 | OrdinaryDividend |
SFGIX - Fund Manager Analysis
Managers
Andrew Foster
Start Date
Tenure
Tenure Rank
Feb 15, 2012
10.3
10.3%
Andrew Foster is the Lead Portfolio Manager of the Seafarer Overseas Growth and Income Fund, and has been so since its inception in February 2012. He is the Co-Portfolio Manager of the Seafarer Overseas Value Fund, and has been so since its inception in May 2016. He is also the Chief Executive Officer and Chief Investment Officer of Seafarer Capital Partners, LLC, investment adviser to the Funds.
Paul Espinosa
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Before joining Seafarer Capital Partners in 2014, Mr. Espinosa was a London-based equity research analyst at Legg Mason, where he focused on global emerging markets. Prior to joining Legg Mason, Mr. Espinosa performed the same function with the same team at Citigroup Asset Management. His previous experience includes equity research at J.P. Morgan Investment Management. Mr. Espinosa holds an A.B. in Economics with Honors from Brown University. He is a Chartered Financial Analyst.
Kate Jaquet
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Before joining Seafarer Capital Partners in 2011, Ms. Jaquet was a buy-side high yield research analyst at Seneca Capital Management, LLC. Prior to joining Seneca, she was a sell-side emerging market research analyst at Credit Suisse First Boston. Ms. Jaquet began her career as an economic policy researcher for the Adam Smith Institute in London in 1995. Ms. Jaquet holds a B.Sc. with Honors in Economics and Government and a M.Sc. in Economics and Public Policy, both from the London School of Economics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.53 | 13.42 |