Morningstar Fund Report  | 02/04/2025Print

GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc
Fund-8.113.028.34.3
+/-Cat-17.5-4.25.14.2
+/-B’mrk-17.9-6.11.53.5
 
Category: US Large-Cap Blend Equity
Category Benchmark: Morningstar US Large-Mid NR...
Key Stats
NAV
31/03/2025		 GBP 18.26
Day Change 1.05%
Morningstar Category™ US Large-Cap Blend Equity
IA (formerly IMA) Sector North America
ISIN IE00BN4GYH92
Fund Size (Mil)
31/03/2025		 USD 2059.16
Share Class Size (Mil)
31/03/2025		 GBP 680.14
Max Initial Charge -
Ongoing Charge
16/02/2024		  0.55%
Investment Objective: GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc
The Fund’s investment objective is to seek long term capital appreciation. Under normal circumstances the Fund invests at least 80% of its net assets in equity securities or equity-linked instruments, including common stock, preferred stock and options, of U.S. companies. The Fund also may invest in equity securities of non-U.S. companies in both developed and Emerging Markets. This Fund has no limitation on the capitalization size of the companies in which it invests nor the industry focus of companies invested in. The Fund will invest in various industries.
Returns
Trailing Returns (GBP)31/03/2025
YTD-5.44
3 Years Annualised10.73
5 Years Annualised*-
10 Years Annualised*-
12 Month Yield 0.00
Management
Manager Name
Start Date
Rajiv Jain
02/02/2021
Brian Kersmanc
02/02/2021
Click here to see others
Inception Date
02/03/2021

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR USDMorningstar US Large-Mid NR USD
Portfolio Profile for  GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.770.0094.77
Bond0.000.000.00
Property0.000.000.00
Cash5.230.005.23
Other0.000.000.00
Top 5 Regions%
United States95.51
United Kingdom3.64
Canada0.85
Latin America0.00
Eurozone0.00
Top 5 Sectors%
Communication Services27.51
Financial Services25.16
Healthcare16.22
Technology11.69
Consumer Cyclical5.27
Top 5 HoldingsSector%
Meta Platforms Inc Class ACommunication ServicesCommunication Services8.22
Eli Lilly and CoHealthcareHealthcare6.28
AT&T IncCommunication ServicesCommunication Services5.74
Progressive CorpFinancial ServicesFinancial Services5.10
AppLovin Corp Ordinary Shares - ... TechnologyTechnology4.33
Increase Decrease New since last portfolio
GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc
Growth Of 1000 (GBP) 28/02/2025
Fund:  GQG Global UCITS ICAV - GQG Partners US Equity Fund Class I GBP Acc
Category:  US Large-Cap Blend Equity
Category Index:  Morningstar US Large-Mid NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 20222023202428/02
Price Return8.1212.9928.314.30
+/- Category17.55-4.245.134.17
+/- Category Index17.91-6.141.503.48
% Rank in Category182102
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.05   1.860.77
1 Week-0.16   2.742.33
1 Month-9.33   -1.38-1.38
3 Months-5.44   2.681.76
6 Months0.83   0.85-1.14
YTD-5.44   2.681.76
1 Year-1.78   -3.92-6.97
3 Years Annualised10.73   3.371.92
5 Years Annualised*-   --
10 Years Annualised*-   --
 
Category: US Large-Cap Blend Equity
Category Index: Morningstar US Large-Mid NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202423.523.12-5.536.63
2023-3.907.732.396.59
20229.17-0.30-3.212.62
2021-*10.432.036.57
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighHigh5 star
5-Year*--Not Rated
10-Year*--Not Rated
Overall*HighHigh5 star
 
Category :  US Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev15.71 %
3-Yr Mean Return18.91 %
 
3-Yr Sharpe Ratio0.86
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar US Large-Mid NR USD  S&P 500 TR USD
3-Yr Beta0.900.92
3-Yr Alpha3.963.20
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 278401-
Market Capitalisation% of Equity
Giant48.62
Large29.81
Medium21.58
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.541.04
Price/Book4.750.97
Price/Sales2.690.96
Price/Cash Flow13.240.84
Dividend-Yield Factor1.180.88
 
Long-Term Projected Earnings Growth11.831.00
Historical Earnings Growth15.851.38
Sales Growth9.711.11
Cash-Flow Growth10.381.47
Book-Value Growth4.280.42
 
Category: US Large-Cap Blend Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.770.0094.77
Bond0.000.000.00
Property0.000.000.00
Cash5.230.005.23
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States95.510.98
Canada0.851.36
Latin America0.000.00
United Kingdom3.6417.09
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Blend Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical5.270.49
Financial ServicesFinancial Services25.161.72
Consumer DefensiveConsumer Defensive3.090.59
HealthcareHealthcare16.221.41
UtilitiesUtilities2.221.07
Communication ServicesCommunication Services27.512.94
EnergyEnergy5.051.93
IndustrialsIndustrials3.780.50
TechnologyTechnology11.690.37
 
Category: US Large-Cap Blend Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings33
Total Number of Bond Holdings0
Assets in Top 10 Holdings48.11
NameSectorCountry% of Assets
Meta Platforms Inc Class A308United States8.22
Eli Lilly and Co206United States6.28
AT&T Inc308United States5.74
Progressive Corp103United States5.10
AppLovin Corp Ordinary Shares - Class A311United States4.33
Netflix Inc308United States3.99
The Goldman Sachs Group Inc103United States3.87
GE Aerospace310United States3.58
Visa Inc Class A103United States3.55
AstraZeneca PLC ADR206United Kingdom3.45
 
Increase Decrease New since last portfolio
Category: US Large-Cap Blend 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 Date02/03/2021
Fund Advisor(s)
GQG Partners LLC
Fund ManagerRajiv Jain
Manager Start Date02/02/2021
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.
Fund ManagerBrian Kersmanc
Manager Start Date02/02/2021
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 Date02/02/2021
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.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.45%
Ongoing Charge0.55%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional100000  GBP
Savings-
Tax Free Savings Schemes
ISAsNo