MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 16, 2024 GQG Preps a $685MM-AUM, Triple Transformation The folks at a Sunshine State asset manager are preparing to transform a $684.6-million, three-year-old trio of open-end mutual funds.
The triple transformation is scheduled for December 9, 2024, about three and a half years after the three funds all launched on June 30, 2021. Per last week's filing, it appears that, despite the planned rebrandings and strategy tweaks, no changes will be made to the three funds' provider lists, PM teams, or fees. All three transforming funds come in two flavors: investor shares (with a minimum initial investment of $2,500) and institutional shares (with a minimum initial investment of $500,000). All three are non-diversified and share the same four portfolio managers: Rajiv Jain, chairman and chief investment officer of GQG; Siddharth Jain, investment analyst (who joined the PM teams in January); Brian Kersmanc, senior investment analyst; and Sudarshan Murthy, senior investment analyst. The US Quality Dividend Income Fund's investor shares (GQHPX) come with an expense ratio of 59 basis points, while its institutional shares (GQHIX) cost 49bps. (Both expense ratios bake in a 9bps fee waiver.) As of September 30, 2024, the fund had $184.1 million in AUM. The International Quality Dividend Income Fund's investor shares (GQJPX) come with an expense ratio of 80bps, while its institutional shares (GQJIX) cost 68bps. (Both expense ratios bake in an 11bps fee waiver.) As of September 30, the fund had $365.4 million in AUM. The Global Quality Dividend Income Fund's investor shares (GQFPX) come with an expense ratio of 82bps, while its institutional shares (GQFX) cost 68bps. (Both expense ratios bake in a 9bps fee waiver.) As of September 30, the fund had $135.1 million in AUM. All three transforming funds are series of the Advisors' Inner Circle Fund III. Their other service providers include: Brow Brothers Harriman & Co. as custodian; Morgan, Lewis & Bockius LLP as counsel; PricewaterhouseCoopers as independent accounting firm; SEI Investments Distribution Co. as distributor; and SS&C Global Investor & Distribution Solutions, Inc. as transfer agent. Printed from: MFWire.com/story.asp?s=68041 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
