Morningstar Fund Report  | 02/04/2025Print

GQG Partners Global Equity Fund Class R US Dollar Accumulating

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
GQG Partners Global Equity Fund Class R US Dollar Accumulating
Fund19.05.114.021.32.9
+/-Cat4.423.1-2.06.11.8
+/-B’mrk0.924.0-8.3-2.73.1
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
31/03/2025		 USD 16.91
Day Change 0.74%
Morningstar Category™ Global Large-Cap Growth Equity
ISIN IE00BH480W05
Fund Size (Mil)
31/03/2025		 USD 3886.35
Share Class Size (Mil)
31/03/2025		 USD 89.50
Max Initial Charge -
Ongoing Charge
16/02/2024		  0.75%
Morningstar Research
Analyst Report06/05/2024
Gregg Wolper,
Morningstar, Inc

GQG Partners Global Equity Fund has some caveats, but its logical approach and its manager’s ability to successfully navigate the territory earns Morningstar Analyst Ratings of Silver for all share classes except the least expensive P share...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process25
Performance
Price
Investment Objective: GQG Partners Global Equity Fund Class R US Dollar Accumulating
The Fund’s investment objective is to seek long term capital appreciation. The Fund may invest in equity securities or equity-linked instruments, including common stock, preferred stock and options, of companies located anywhere in the world, including, but not limited to, Emerging Markets Countries and the United States. This Fund has no limitation on the capitalization size of the companies in which it invests, the industry focus of companies invested in nor on its ability to invest in securities issued from any country. The Fund will invest in various countries and various industries. The Fund will also invest in equity related securities including 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.
Returns
Trailing Returns (GBP)31/03/2025
YTD-3.88
3 Years Annualised9.89
5 Years Annualised*15.16
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
06/07/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USDMorningstar Gbl Growth TME NR USD
Portfolio Profile for  GQG Partners Global Equity Fund Class R US Dollar Accumulating28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock90.580.0090.58
Bond0.000.000.00
Property0.000.000.00
Cash9.430.019.42
Other0.000.000.00
Top 5 Regions%
United States73.15
Eurozone8.25
Asia - Emerging5.35
Canada3.13
Europe - ex Euro2.94
Top 5 Sectors%
Communication Services24.23
Financial Services22.62
Healthcare14.02
Technology13.37
Energy11.14
Top 5 HoldingsSector%
Meta Platforms Inc Class ACommunication ServicesCommunication Services7.11
Eli Lilly and CoHealthcareHealthcare4.87
AT&T IncCommunication ServicesCommunication Services4.32
Netflix IncCommunication ServicesCommunication Services3.90
JPMorgan Chase & CoFinancial ServicesFinancial Services3.36
Increase Decrease New since last portfolio
GQG Partners Global Equity Fund Class R US Dollar Accumulating
Growth Of 1000 (GBP) 28/02/2025
Fund:  GQG Partners Global Equity Fund Class R US Dollar Accumulating
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 2020*202120222023202428/02
Price Return12.0918.995.0714.0121.252.90
+/- Category-11.614.4323.15-2.016.061.79
+/- Category Index-0.9324.04-8.30-2.703.15
% Rank in Category43321572220
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.74   2.411.24
1 Week-0.44   2.733.89
1 Month-6.59   0.771.78
3 Months-3.88   2.744.72
6 Months-0.21   1.330.72
YTD-3.88   2.744.72
1 Year-2.82   -1.29-5.80
3 Years Annualised9.89   6.333.25
5 Years Annualised*15.16   4.862.17
10 Years Annualised*-   --
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202419.933.04-5.493.82
2023-3.947.224.326.11
20225.22-1.42-1.983.34
20210.8210.891.534.83
2020-8.08*20.52*6.49*-4.98
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-Year*HighLow5 star
10-Year*--Not Rated
Overall*HighLow5 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev12.57 %
3-Yr Mean Return15.50 %
 
3-Yr Sharpe Ratio0.85
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  S&P 500 TR USD
3-Yr Beta0.690.80
3-Yr Alpha4.391.27
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 256297-
Market Capitalisation% of Equity
Giant59.71
Large27.63
Medium12.66
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings18.570.77
Price/Book3.470.70
Price/Sales2.450.66
Price/Cash Flow10.650.64
Dividend-Yield Factor2.512.21
 
Long-Term Projected Earnings Growth11.631.04
Historical Earnings Growth17.151.28
Sales Growth8.970.99
Cash-Flow Growth7.580.62
Book-Value Growth6.310.56
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock90.580.0090.58
Bond0.000.000.00
Property0.000.000.00
Cash9.430.019.42
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States73.151.11
Canada3.131.61
Latin America2.932.64
United Kingdom1.490.29
Eurozone8.250.77
Europe - ex Euro2.940.55
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.874.52
Japan0.000.00
Australasia0.000.00
Asia - Developed1.900.52
Asia - Emerging5.352.08
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.140.05
Consumer CyclicalConsumer Cyclical2.720.22
Financial ServicesFinancial Services22.621.52
Consumer DefensiveConsumer Defensive2.240.46
HealthcareHealthcare14.021.01
UtilitiesUtilities5.325.93
Communication ServicesCommunication Services24.232.92
EnergyEnergy11.1413.98
IndustrialsIndustrials4.210.39
TechnologyTechnology13.370.45
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.07
NameSectorCountry% of Assets
Meta Platforms Inc Class A308United States7.11
Eli Lilly and Co206United States4.87
AT&T Inc308United States4.32
Netflix Inc308United States3.90
JPMorgan Chase & Co103United States3.36
AppLovin Corp Ordinary Shares - Class A311United States3.34
GE Aerospace310United States3.03
Progressive Corp103United States2.99
The Cigna Group206United States2.63
Enbridge Inc309Canada2.51
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth 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 Date06/07/2020
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 Date07/01/2019
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 Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.65%
Ongoing Charge0.75%
Purchase Details
Minimum Investments
Initial1000  USD
Additional50  USD
Savings-
Tax Free Savings Schemes
ISAsNo