WCM Focused Global Growth Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.7%
1 yr return
26.9%
3 Yr Avg Return
2.7%
5 Yr Avg Return
11.1%
Net Assets
$476 M
Holdings in Top 10
37.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WCMGX - Profile
Distributions
- YTD Total Return 10.7%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 11.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.41%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWCM Focused Global Growth Fund
-
Fund Family NameINVESTMENT MANAGERS SERIES TRUST
-
Inception DateJun 28, 2013
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Black
Fund Description
The Fund invests primarily in equity securities of companies located throughout the world, including the United States. Under normal market conditions, the Fund invests at least 40% of its net assets in companies organized, headquartered or doing a substantial amount of business outside the United States including emerging and frontier market countries. Emerging and frontier countries or markets are those countries or markets with low- to middle-income economies as classified by the World Bank or included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier markets indices. The Fund’s advisor considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the country, or if the company derives at least 50% of its revenues or net profits from, or has at least 50% of its assets or production capacities in, the country. The Fund’s advisor considers a company that has at least 50% of its assets, or derives at least 50% of its revenues from business, outside the United States as doing a substantial amount of business outside the United States.
The Fund’s equity investments include common stock, including common stock that is offered in initial public offerings (“IPOs”), and depositary receipts. The Fund’s investments in depositary receipts may include American, European, Canadian and Global Depositary Receipts (“ADRs”, “EDRs”, “CDRs” and “GDRs”, respectively).
The Fund’s advisor uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as long-term historical growth in revenue and earnings, and/or a strong probability for superior future growth. The advisor’s investment process seeks companies that are industry leaders with strengthening competitive advantages; corporate cultures emphasizing strong, quality and experienced management; low or no debt; and attractive relative valuations. The Fund’s advisor also considers other factors including political risk, monetary policy risk, and regulatory risk in selecting securities.
Although the Fund may invest in securities of any size companies, it generally invests in the securities of large, established multinational companies. The Fund generally invests in securities of companies located in different regions and in at least three different countries. However, from time to time, the Fund may have a significant portion of its assets invested in the securities of companies in one or a few countries or regions. The Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.
WCMGX - Performance
Return Ranking - Trailing
Period | WCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -35.6% | 29.2% | 90.94% |
1 Yr | 26.9% | 17.3% | 252.4% | 40.91% |
3 Yr | 2.7%* | -3.5% | 34.6% | 4.38% |
5 Yr | 11.1%* | 0.1% | 32.7% | 7.38% |
10 Yr | 11.8%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | WCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 26.4% | -24.3% | 957.1% | 8.51% |
2022 | -32.9% | -38.3% | 47.1% | 6.32% |
2021 | 4.2% | -54.2% | 0.6% | 3.50% |
2020 | 34.8% | -76.0% | 54.1% | 16.25% |
2019 | 31.4% | -26.1% | 47.8% | 97.29% |
Total Return Ranking - Trailing
Period | WCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.7% | -35.6% | 29.2% | 91.28% |
1 Yr | 26.9% | 11.4% | 252.4% | 37.27% |
3 Yr | 2.7%* | -3.5% | 34.6% | 4.26% |
5 Yr | 11.1%* | 0.1% | 32.7% | 6.85% |
10 Yr | 11.8%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | WCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 26.4% | -24.3% | 957.1% | 8.51% |
2022 | -30.6% | -33.1% | 47.1% | 6.32% |
2021 | 14.8% | -44.4% | 1.8% | 10.63% |
2020 | 39.5% | -6.5% | 54.1% | 28.99% |
2019 | 33.8% | -14.4% | 47.8% | 98.56% |
NAV & Total Return History
WCMGX - Holdings
Concentration Analysis
WCMGX | Category Low | Category High | WCMGX % Rank | |
---|---|---|---|---|
Net Assets | 476 M | 199 K | 133 B | 51.21% |
Number of Holdings | 36 | 1 | 9075 | 81.06% |
Net Assets in Top 10 | 160 M | -18 M | 37.6 B | 49.34% |
Weighting of Top 10 | 37.38% | 9.1% | 100.0% | 32.27% |
Top 10 Holdings
- Novo Nordisk A/S - Class B 4.48%
- Datadog, Inc. 4.04%
- Microsoft Corp. 3.95%
- Amazon.com, Inc. 3.84%
- Arista Networks, Inc. 3.82%
- Visa, Inc. - Class A 3.58%
- UnitedHealth Group, Inc. 3.49%
- Adyen N.V. 3.47%
- Canadian Pacific Kansas City Ltd. 3.45%
- Entegris, Inc. 3.26%
Asset Allocation
Weighting | Return Low | Return High | WCMGX % Rank | |
---|---|---|---|---|
Stocks | 96.65% | 61.84% | 125.47% | 59.58% |
Cash | 0.80% | -174.70% | 23.12% | 28.30% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 75.66% |
Other | 0.00% | -13.98% | 19.14% | 99.78% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 73.24% |
Bonds | 0.00% | -1.50% | 161.67% | 73.90% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WCMGX % Rank | |
---|---|---|---|---|
Technology | 27.75% | 0.00% | 49.87% | 24.45% |
Healthcare | 22.58% | 0.00% | 35.42% | 8.48% |
Consumer Cyclical | 15.25% | 0.00% | 40.94% | 27.20% |
Financial Services | 11.79% | 0.00% | 38.42% | 53.41% |
Industrials | 10.64% | 0.00% | 44.06% | 48.13% |
Consumer Defense | 7.59% | 0.00% | 73.28% | 58.37% |
Basic Materials | 4.39% | 0.00% | 38.60% | 33.26% |
Utilities | 0.00% | 0.00% | 29.12% | 95.04% |
Real Estate | 0.00% | 0.00% | 39.48% | 94.71% |
Energy | 0.00% | 0.00% | 21.15% | 92.62% |
Communication Services | 0.00% | 0.00% | 57.66% | 92.07% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WCMGX % Rank | |
---|---|---|---|---|
US | 74.89% | 0.13% | 103.82% | 58.26% |
Non US | 21.76% | 0.58% | 99.46% | 40.53% |
WCMGX - Expenses
Operational Fees
WCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.14% | 0.01% | 44.27% | 44.81% |
Management Fee | 0.85% | 0.00% | 1.82% | 86.21% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | 61.25% |
Sales Fees
WCMGX 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
WCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 100.00% |
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.
WCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 56.00% | 0.00% | 395.00% | 46.22% |
WCMGX - Distributions
Dividend Yield Analysis
WCMGX | Category Low | Category High | WCMGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.26% | 72.65% |
Dividend Distribution Analysis
WCMGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
WCMGX | Category Low | Category High | WCMGX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.41% | -4.27% | 12.65% | 77.73% |
Capital Gain Distribution Analysis
WCMGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2019 | $0.320 | OrdinaryDividend |
Dec 08, 2017 | $0.037 | OrdinaryDividend |
Dec 09, 2016 | $0.256 | OrdinaryDividend |
WCMGX - Fund Manager Analysis
Managers
Paul Black
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Paul joined WCM in 1989; his primary responsibility is portfolio management for our global, fundamental growth strategies. Since the start of his investment career in 1983, Paul’s experience includes positions as Portfolio Manager with Wells Fargo Private Banking Group, and at Bank of America. Paul earned his B.S. in Finance from California State University, San Diego.
Michael Trigg
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Mike joined WCM in 2006; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 2000, Mike’s experience includes positions as Equity Analyst at Morningstar, Inc. (Chicago) where he produced the Model Growth Portfolio (a live portfolio and newsletter), and as Analyst at the Motley Fool, the online investment service. He earned his B.S. (with honors) in Finance from Saint Louis University (Missouri).
Sanjay Ayer
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Sanjay joined WCM in 2007; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 2002, Sanjay’s experience includes positions as Equity Analyst at Morningstar, Inc. (Chicago), and at J. & W. Seligman & Co. (New York). Sanjay graduated Phi Beta Kappa from Johns Hopkins University (Maryland) with a B.A. in Economics, and a B.S. in Applied Mathematics. He is also a CFA® charterholder.
Peter Hunkel
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
Pete has been working with WCM since 2001; his primary responsibilities are portfolio management and equity research for our global, fundamental growth strategies. Since he began his investment career in 1998, Pete’s experience includes positions as Portfolio Analyst, Templeton Private Client Group, and as Managing Director at Centurion Alliance. He earned his B.A. (with honors) in Communications from San Jose State University (California), and his J.D. at the Monterey College of Law (California).
Jon Tringale
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Mr. Tringale is a Portfolio Manager at WCM, where his primary responsibilities are portfolio management and equity research. Before joining WCM in 2015, he was an analyst as a vice president at Gerson Lehrman Group and on the trading floor at Wedbush Securities.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |