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Global Select Equity Fund

Summary

Summary

What is the Global Select Equity Fund?

The Fund seeks to deliver long-term capital appreciation by investing in equity securities of global issuers across all market capitalizations.

Fund Basicsas of 05/31/2019

Total Net Assets
$2.43 M
Inception Date
08/01/2018
Dividend Frequency
Annually
Fund Gross Expense Ratio
13.62%
Fund Net Expense Ratio
1.80%
Number of Holdings
80
Minimum Initial Investment
$1,500+

Countryas of 05/31/2019

Country Assets
United States 43.4%
United Kingdom 10.1%
France 9.4%
Ireland 4.7%
Germany 4.4%
India 3.7%
Japan 3.7%
Switzerland 3.3%
Mexico 2.5%
Netherlands 2.4%
Bermuda 2.2%
Portugal 2.0%
Luxembourg 1.7%
Canada 0.9%
Italy 0.7%
Finland 0.6%
Thailand 0.5%

INVESTMENT TEAM

Asad A. Mawjee, CFA
Asad A. Mawjee, CFA

Portfolio Manager

20 Years of Industry Experience

Supported By 19 Investment Professionals with 34 Years Avg. Industry Experience

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Performance

Performance

Fund Expense Ratio :

Gross 13.62%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 7.43% - - - - -6.30%
Lipper Category Avg. Global Multi-Cap Core 8.17% - - - - -
MSCI All Country World Index - Net 9.09% - - - - -3.66%
w/ sales charge 6.43% - - - - -7.23%

Fund Expense Ratio :

Gross 13.62%

Net 1.80%

Fund Expense Ratio :

Gross 13.62%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 10.03% - - - - -4.02%
Lipper Category Avg. Global Multi-Cap Core 11.31% - - - - -
MSCI All Country World Index - Net 12.17% - - - - -0.93%
w/ sales charge 9.03% - - - - -4.98%

Fund Expense Ratio :

Gross 13.62%

Net 1.80%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2019

  • The portfolio has an overweight allocation to the consumer staples sector, relative to its benchmark, the MSCI All Country World Index. Notable overweight positions in the sector are in a French multinational food-products corporation and a United Kingdom-based global consumer goods company.
  • The portfolio also has an overweight allocation to the financials sector, relative to its benchmark. Notable overweight positions in the sector are in an Irish bank and a Scottish bank.
  • The portfolio has an underweight allocation to the information technology sector, relative to its benchmark. Notable underweight positions are in a U.S-based business process services company and a U.S.-based IT services and solutions company.
  • Geographically, the portfolio has an overweight allocation to the Western Europe and United Kingdom regions, relative to the benchmark. At quarter-end, Emerging Markets represented approximately 5.8% of the portfolio, a rather large underweight relative to the benchmark. The portfolio is also underweight to North America, Japan, and Asia Developed ex – Japan.

Portfolio Details as of 05/31/2019

Weighted Average Market Cap.
100.9 B
P/E Ratio
16.4x
P/B Ratio
1.7x
Number of Holdings
80
Total Net Assets
$2.43 M

Attribution Analysis 

Global Select Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Contributors & Detractors as of  03/29/2019

Contributors

Holding Contribution
The Royal Bank of Scotland Group plc 0.7%
Novartis AG Registered Shares 0.4%
Conduent Inc 0.4%
ING Groep NV 0.4%
Yum China Hldgs Inc 0.3%

Detractors

Holding Contribution
CVS Health Corp. -0.3%
Seven & I Holdings Co., Ltd -0.2%
TUI AG -0.2%
Sony Corp. -0.1%
Seven Generations Energ -0.1%

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
13.62% 1.80%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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