Morningstar Fund Report  | 07/04/2025Print

GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating
Fund-1.1-14.020.97.1-3.2
+/-Cat0.4-2.016.8-1.0-2.4
+/-B’mrk-0.2-6.216.9-1.9-2.4
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
04/04/2025		 USD 14.39
Day Change -2.12%
Morningstar Category™ Global Emerging Markets Equity
ISIN IE00BYW5Q130
Fund Size (Mil)
03/04/2025		 USD 2374.79
Share Class Size (Mil)
03/04/2025		 USD 93.33
Max Initial Charge 5.00%
Ongoing Charge
12/04/2024		  1.63%
Morningstar Research
Analyst Report-
,
Morningstar, Inc

GQG Partners Emerging Markets Equity’s willingness to differ from the crowd carries risk, but the logic of its approach and its manager’s ability to successfully navigate the territory earn Morningstar Analyst Ratings of Silver for its cheapest...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process25
Performance
Price
Investment Objective: GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating
The Fund’s investment objective is to provide capital appreciation over the long-term. Under normal circumstances, the Fund will invest at least 80% of its net assets in equity and equity related securities of emerging market companies.
Returns
Trailing Returns (GBP)04/04/2025
YTD-7.46
3 Years Annualised2.38
5 Years Annualised9.17
10 Years Annualised*-
12 Month Yield 0.00
Management
Manager Name
Start Date
Brian Kersmanc
01/09/2019
Sudarshan Murthy
01/09/2019
Click here to see others
Inception Date
17/07/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.070.0097.07
Bond0.000.000.00
Property0.000.000.00
Cash3.520.592.93
Other0.000.000.00
Top 5 Regions%
Asia - Emerging47.85
Latin America18.89
Asia - Developed14.49
Middle East11.03
United States3.61
Top 5 Sectors%
Financial Services26.90
Energy18.13
Technology12.36
Consumer Cyclical9.92
Communication Services9.04
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.22
Petroleo Brasileiro SA Petrobras... EnergyEnergy3.80
MercadoLibre IncConsumer CyclicalConsumer Cyclical3.42
ICICI Bank LtdFinancial ServicesFinancial Services2.94
International Holdings Co PJSCIndustrialsIndustrials2.85
Increase Decrease New since last portfolio
GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating
Growth Of 1000 (GBP) 31/03/2025
Fund:  GQG Partners Emerging Markets Equity Fund Class A US Dollar Accumulating
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.8715.8028.53-1.11-14.0520.917.13-3.23
+/- Category0.411.5314.470.35-1.9916.80-0.99-2.42
+/- Category Index-3.401.4414.64-0.24-6.2116.93-1.89-2.35
% Rank in Category51337426816486
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-2.12   -0.60-2.67
1 Week-4.37   0.47-1.75
1 Month-2.34   1.57-0.58
3 Months-8.88   -3.60-6.06
6 Months-10.97   -3.01-4.69
YTD-7.46   -3.07-5.36
1 Year-11.61   -10.40-14.59
3 Years Annualised2.38   2.641.25
5 Years Annualised9.17   2.831.53
10 Years Annualised*-   --
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.23---
202412.214.65-7.63-1.23
2023-0.716.655.757.98
2022-5.64-4.52-0.24-4.37
2021-2.195.43-3.15-0.99
2020-13.8622.5911.279.39
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageLow5 star
5-YearAbove AverageBelow Average4 star
10-Year*--Not Rated
Overall*Above AverageBelow Average4 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.76 %
3-Yr Mean Return5.11 %
 
3-Yr Sharpe Ratio0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  Morningstar EM SMID TME NR USD
3-Yr Beta0.680.81
3-Yr Alpha1.361.72
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 81121-
Market Capitalisation% of Equity
Giant78.18
Large19.80
Medium2.02
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.131.02
Price/Book1.911.16
Price/Sales2.021.35
Price/Cash Flow6.120.96
Dividend-Yield Factor3.931.23
 
Long-Term Projected Earnings Growth10.761.02
Historical Earnings Growth15.652.82
Sales Growth7.851.71
Cash-Flow Growth1.680.36
Book-Value Growth11.451.32
 
Category: Global Emerging Markets Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.070.0097.07
Bond0.000.000.00
Property0.000.000.00
Cash3.520.592.93
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States3.614.30
Canada0.000.00
Latin America18.892.06
United Kingdom1.364.47
Eurozone2.772.16
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East11.032.29
Japan0.000.00
Australasia0.00-
Asia - Developed14.490.50
Asia - Emerging47.850.98
 
Category: Global Emerging Markets Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.130.50
Consumer CyclicalConsumer Cyclical9.920.68
Financial ServicesFinancial Services26.901.11
Real EstateReal Estate1.370.70
Consumer DefensiveConsumer Defensive1.930.41
HealthcareHealthcare2.210.63
UtilitiesUtilities8.044.44
Communication ServicesCommunication Services9.040.87
EnergyEnergy18.135.78
IndustrialsIndustrials7.981.22
TechnologyTechnology12.360.50
 
Category: Global Emerging Markets Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings71
Total Number of Bond Holdings0
Assets in Top 10 Holdings35.43
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.22
Petroleo Brasileiro SA Petrobras Part... 309Brazil3.80
MercadoLibre Inc102Brazil3.42
ICICI Bank Ltd103India2.94
International Holdings Co PJSC310United Arab Emirates2.85
Meta Platforms Inc Class A308United States2.77
Petroleo Brasileiro SA Petrobras ADR309Brazil2.71
TotalEnergies SE309France2.69
Adani Enterprises Ltd309India2.59
Itau Unibanco Holding SA Participatin... 103Brazil2.44
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyBridge Fund Management Limited
Phone-
Website -
AddressBridge Fund Management Limited
 Dublin 2   D02 PT98
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date17/07/2017
Fund Advisor(s)
GQG Partners LLC
Fund ManagerBrian Kersmanc
Manager Start Date01/09/2019
Career Start Year2008
Education
2015, Rutgers University, MBA
2007, University of Connecticut, BA
 
Biography
Brian is a portfolio manager for all GQG Partners strategies. He was deputy portfolio manager for GQG Partners’ International Equity strategy from 2019 through June 2022 and has been a senior investment analyst on the investment team since he joined the firm in 2016. Prior to joining GQG Partners, Brian spent six years at Jennison Associates, where he served most recently as an analyst on the Small/Midcap Equity Research team. Prior to Jennison, Brian began his career at Brown Brothers Harriman in 2008. Brian earned his MBA at Rutgers University and his BA from the University of Connecticut.
Fund ManagerSudarshan Murthy
Manager Start Date01/09/2019
Career Start Year2010
Education
Indian Institute of Management, Post Gradu
National Institute of Technology, BS
University of Pennsylvania (Wharton), MBA
 
Biography
Sudarshan is a portfolio manager for all GQG Partners strategies. He was deputy portfolio manager for GQG Partners’ Emerging Markets Equity strategy from 2019 through June 2022 and has been a senior investment analyst on the investment team since he joined the firm in 2016. Prior to joining GQG Partners, he spent five years as a generalist analyst in Asian equities at Matthews International Capital. Sudarshan’s previous experience also includesworking as a sell-side research associate at Sanford C. Bernstein.
Fund ManagerRajiv Jain
Manager Start Date15/02/2017
Career Start Year1989
Education
1993, University of Miami, M.B.A.
University of Ajmer, M.A.
Punjab University, B.C.
 
Biography
Rajiv Jain is the Chairman and Chief Investment Officer of GQG Partners and also serves as a portfolio manager for all of the firm’s strategies. He commenced investment operations at GQG Partners in June 2016 and has over 25 years of investment experience. Previously, Rajiv served as a Co-Chief Executive Officer (from July 2014) and Chief Investment Officer and Head of Equities (from February 2002) at Vontobel Asset Management. He joined Vontobel Asset Management as a co-portfolio manager of Emerging Markets Equities and International Equities in November 1994.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.63%
Purchase Details
Minimum Investments
Initial1000  USD
Additional50  USD
Savings-
Tax Free Savings Schemes
ISAsYes