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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$13.30

$9.61 B

5.38%

$0.72

0.98%

Vitals

YTD Return

5.3%

1 yr return

-19.4%

3 Yr Avg Return

0.2%

5 Yr Avg Return

-1.7%

Net Assets

$9.61 B

Holdings in Top 10

38.5%

52 WEEK LOW AND HIGH

$13.4
$12.47
$17.03

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 101.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$13.30

$9.61 B

5.38%

$0.72

0.98%

GQGIX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.25%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    GQG Partners Emerging Markets Equity Fund
  • Fund Family Name
    GQG Partners Inc
  • Inception Date
    Dec 28, 2016
  • Shares Outstanding
    621187602
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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 emerging market companies. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders.

The equity securities in which the Fund invests are primarily publicly traded common stocks. For purposes of the Fund’s 80% investment policy, however, equity securities also include depositary receipts (including 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 invest in initial public offerings (“IPOs”) and securities of companies with any market capitalization. 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”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.

The Fund considers a company to be an emerging market company if: (i) at least 50% of the company’s assets are located in emerging market countries; (ii) at least 50% of the company’s revenue is generated in emerging market countries; (iii) the company is organized, conducts its principal operations, or maintains its principal place of business or principal manufacturing facilities in an emerging market country; (iv) the company’s securities are traded principally in an emerging market country; or (v) the Adviser otherwise believes that the company’s assets are exposed to the economic fortunes and risks of emerging market countries (because, for example, the Adviser believes that the company’s growth is dependent on emerging market countries). 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. From time to time, the Fund may focus its investments in a particular country or geographic region.

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 by 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.

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GQGIX - Performance

Return Ranking - Trailing

Period GQGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -32.7% 19.9% 93.02%
1 Yr -19.4% -50.4% 7.5% 88.23%
3 Yr 0.2%* -21.2% 69.0% 24.02%
5 Yr -1.7%* -14.2% 32.4% 22.05%
10 Yr N/A* -11.9% 11.3% N/A

* Annualized

Return Ranking - Calendar

Period GQGIX Return Category Return Low Category Return High Rank in Category (%)
2022 -25.1% -50.1% 15.9% 58.63%
2021 -3.1% -30.3% 16.3% 53.69%
2020 10.2% -7.2% 79.7% 10.43%
2019 4.6% -14.2% 9.4% 45.34%
2018 -3.3% -11.5% 24.0% 20.68%

Total Return Ranking - Trailing

Period GQGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -50.8% 19.9% 93.02%
1 Yr -19.4% -50.4% 30.2% 88.27%
3 Yr 0.2%* -21.2% 69.0% 24.19%
5 Yr -1.5%* -14.2% 32.4% 21.04%
10 Yr N/A* -11.9% 11.3% N/A

* Annualized

Total Return Ranking - Calendar

Period GQGIX Return Category Return Low Category Return High Rank in Category (%)
2022 -25.1% -50.1% 15.9% 58.63%
2021 -3.1% -30.3% 16.3% 53.69%
2020 10.2% -7.2% 79.7% 10.43%
2019 4.6% -14.2% 10.3% 45.34%
2018 -3.1% -9.7% 24.0% 21.60%

NAV & Total Return History


GQGIX - Holdings

Concentration Analysis

GQGIX Category Low Category High GQGIX % Rank
Net Assets 9.61 B 717 K 102 B 4.38%
Number of Holdings 68 2 6734 72.85%
Net Assets in Top 10 3.5 B 565 19.3 B 5.43%
Weighting of Top 10 38.52% 2.8% 100.0% 31.31%

Top 10 Holdings

  1. Samsung Electronics Co Ltd 6.64%
  2. Samsung Electronics Co Ltd 6.64%
  3. Samsung Electronics Co Ltd 6.64%
  4. Samsung Electronics Co Ltd 6.64%
  5. Samsung Electronics Co Ltd 6.64%
  6. Samsung Electronics Co Ltd 6.64%
  7. Samsung Electronics Co Ltd 6.64%
  8. Samsung Electronics Co Ltd 6.64%
  9. Samsung Electronics Co Ltd 6.64%
  10. Samsung Electronics Co Ltd 6.64%

Asset Allocation

Weighting Return Low Return High GQGIX % Rank
Stocks
96.38% 0.90% 110.97% 64.03%
Cash
3.63% -23.67% 20.19% 29.75%
Preferred Stocks
0.00% 0.00% 2.67% 57.73%
Other
0.00% -1.48% 9.95% 54.07%
Convertible Bonds
0.00% 0.00% 7.40% 48.52%
Bonds
0.00% -0.03% 55.68% 54.13%

Stock Sector Breakdown

Weighting Return Low Return High GQGIX % Rank
Financial Services
24.97% 0.00% 48.86% 25.27%
Energy
24.80% 0.00% 26.66% 0.24%
Basic Materials
15.11% 0.00% 30.03% 3.80%
Consumer Defense
14.15% 0.00% 28.13% 4.15%
Technology
14.14% 0.00% 47.50% 87.43%
Healthcare
2.34% 0.00% 93.26% 76.04%
Utilities
2.09% 0.00% 39.12% 36.18%
Communication Services
2.02% 0.00% 46.62% 96.44%
Industrials
0.39% 0.00% 43.53% 96.44%
Real Estate
0.00% 0.00% 17.15% 91.93%
Consumer Cyclical
0.00% 0.00% 99.82% 99.53%

Stock Geographic Breakdown

Weighting Return Low Return High GQGIX % Rank
Non US
89.21% -4.71% 112.57% 87.84%
US
7.17% -1.60% 104.72% 6.38%

GQGIX - Expenses

Operational Fees

GQGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.01% 2.69% 68.02%
Management Fee 0.90% 0.00% 2.00% 53.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

GQGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GQGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

GQGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.00% 0.00% 190.00% 86.17%

GQGIX - Distributions

Dividend Yield Analysis

GQGIX Category Low Category High GQGIX % Rank
Dividend Yield 5.38% 0.00% 12.53% 77.82%

Dividend Distribution Analysis

GQGIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

GQGIX Category Low Category High GQGIX % Rank
Net Income Ratio 3.25% -1.98% 17.62% 4.60%

Capital Gain Distribution Analysis

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

Distributions History

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GQGIX - Fund Manager Analysis

Managers

Rajiv Jain


Start Date

Tenure

Tenure Rank

Dec 28, 2016

5.42

5.4%

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.

Sudarshan Murthy


Start Date

Tenure

Tenure Rank

Sep 01, 2019

2.75

2.8%

Sudarshan is a deputy portfolio manager for GQG Partners LLC’s Emerging Markets Equity strategy since 2019 and has been a senior investment analyst on the investment team since he joined the firm in 2016. Prior to joining GQG Partners LLC, he spent five years as a generalist analyst in Asian equities at Matthews International Capital. Sudarshan’s previous experience also includes working as a sell-side research associate at Sanford C. Bernstein. Earlier in his career, Sudarshan held various operational roles in the IT services industry including five years at Infosys where he was assistant to the Chairman of the Board and was instrumental in starting the company’s life sciences business. Sudarshan graduated as a Palmer Scholar (top 5% of graduating class) in the Wharton MBA program. He also received a Post Graduate Diploma in Management from the Indian Institute of Management, Calcutta and a Bachelor of Engineering from the National Institute of Technology, Surathkal in India. He is a CFA charterholder (since 2008).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.43 13.42