August 31, 2026
The fund seeks long-term capital growth by investing primarily in equities of companies located anywhere in the world, either directly or through other investment funds.
Is this fund right for you?
- Investors who are looking for a global equity fund to hold as part of their portfolio
- Want a medium-to long-term investment
- Can handle the volatility of stockmarkets
RISK RATING
How is the fund invested? (as of June 30, 2026)
| Name | Percent |
|---|---|
| US Equity | 51.7 |
| International Equity | 48.0 |
| Cash and Equivalents | 0.3 |
| Name | Percent |
|---|---|
| United States | 51.7 |
| Ireland | 11.5 |
| France | 7.6 |
| Taiwan | 4.6 |
| Switzerland | 3.9 |
| Korea, Republic Of | 3.8 |
| Germany | 3.5 |
| United Kingdom | 2.3 |
| Italy | 1.9 |
| Other | 9.2 |
| Name | Percent |
|---|---|
| Technology | 30.4 |
| Financial Services | 15.9 |
| Industrial Goods | 11.8 |
| Healthcare | 9.8 |
| Consumer Goods | 9.1 |
| Consumer Services | 8.5 |
| Industrial Services | 4.3 |
| Energy | 4.0 |
| Utilities | 2.6 |
| Other | 3.6 |
Growth of $10,000 (since inception)
For the period 08/07/2018 through 08/31/2026 tr.with $10,000 USD investment, The value of the investment would be $17,555
Fund details (as of June 30, 2026)
| Top holdings | Percent (%) |
|---|---|
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 4.6 |
| Alphabet Inc Cl A | 4.3 |
| Microsoft Corp | 3.9 |
| Meta Platforms Inc Cl A | 3.8 |
| Samsung Electronics Co Ltd | 3.8 |
| Applied Materials Inc | 3.3 |
| Ryanair Holdings PLC - ADR | 2.7 |
| Netflix Inc | 2.7 |
| Oshkosh Corp | 2.3 |
| Amazon.com Inc | 2.1 |
| Total allocation in top holdings | 33.5 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 11.9% |
| Dividend yield | 1.7% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $955,345.8 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 1.8 | 2.5 | 7.8 | 13.0 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 13.8 | 7.2 | - | 7.2 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 21.7 | 8.2 | 13.7 | -15.2 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 20.6 | 3.1 | 16.6 | - |
Range of returns over five years (September 01, 2018 - August 31, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 12.3% | Oct 2025 | 2.3% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 7.5% | 100 | 37 | 0 |
Q2 2026 Fund Commentary
Commentary and opinions are provided by Keyridge Asset Management.
Market commentary
Global equity markets recovered strongly over the second quarter of 2026 after a correction earlier in the quarter tied to conflict in the Middle East. A ceasefire between the parties, followed by the signing of a memorandum of understanding and the reopening of the Strait of Hormuz, lifted sentiment and drove markets to record highs. Beyond the geopolitical resolution, a strong corporate earnings backdrop, continued enthusiasm around the artificial intelligence (AI) theme and a resilient global economic growth environment all supported equities through the quarter.
Performance
Stock selection within the energy and consumer staples sectors contributed to the Fund’s performance during the quarter. Samsung Electronics Co. Ltd., Applied Materials Inc. and Taiwan Semiconductor Manufacturing Co. Ltd. also contributed to performance.
Stock selection within the financials and consumer discretionary sectors detracted from the Fund’s performance. An underweight allocation to the information technology sector and an overweight allocation to the communication services sector also detracted from performance.
Netflix Inc., Nike Inc. and Exxon Mobil Corp. detracted from performance.
Portfolio activity
The sub-advisor added Amazon.com Inc., Nintendo Co. Ltd., Verisk Analytics Inc., ASML Holding NV and Bentley Systems Inc. during the quarter. The sub-advisor sold The Estee Lauder Cos. Inc.
Outlook
The sub-advisor searches global equity markets for attractively valued companies and doesn’t incorporate macro forecasting into its investment process. In the sub-advisor’s view, a focus on company-level valuation may identify opportunities across global markets over time, regardless of near-term macroeconomic conditions.
Summary
For the period 08/07/2018 through 08/31/2026 with $10,000 USD investment
Total returns performance
75.55%
Last price
$12.42 USD
as of market close 08/31/2026
Value of $10,000 investment
$17,554.93 USD
