Rondure Overseas Fund
( ROSOX/ROSIX )
The Overseas Strategy is an unrestrained, index agnostic, total return portfolio investing in the world's developed economies or markets outside the US.
The Rondure Overseas Fund's investment objective is long-term growth of capital.
The Fund will, under normal market conditions, invest at least 80% of its assets, calculated at the time of purchase, in equities of (i) issuers either organized or having headquarters in developed countries outside the United States, or (ii) issuers having a majority of their assets or revenues attributable to developed countries outside the United States. We define the term "developed countries" to include all countries within the MSCI World Index of developed countries. The Fund is considered all cap, with no minimum or maximum market capitalization, however the Fund will primarily invest in companies with market capitalizations above $1.5 billion at the time of purchase. Investment opportunities are identified through a process of quantitative screening, followed by "bottom-up" fundamental analysis to identify high quality companies that it believes can provide sustainable returns. The Fund will seek to invest in what it considers to be great companies at good prices and good companies at great prices. The Fund invests in what it believes to be the best investments available without regard to benchmark weightings in regions, countries or industries. The assets may significantly shift between asset classes, sectors and geographic regions based on where it believe the best risk-adjusted return opportunities currently exist.
- Developed Foreign Markets
- Long-only Equities
- Core Strategy
- All Market Cap
- Index Agnostic
The Rondure Research Team works in partnership with the Grandeur Peak Research Team, a key benefit to the Rondure investment process. We believe our primary role is Analyst, creating a flat organization of intelligent people asking the right questions. The collaboration provides a solid foundation to foster excellence and passion from each individual team member as we contribute to the success of the Fund.
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Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. For the most current month-end performance data please visit .
The Advisor has contractually agreed to waive and/or reimburse fees or expenses through at least August 31, 2021.
Rondure Funds will deduct a 2.00% redemption fee on Fund shares held 60 days or less. Performance data does not reflect the deduction of fees, including sales charges, or the taxes you would pay on fund distributions or the redemption of fund shares. Fees and taxes, if reflected, would reduce the performance quoted. For more complete information including charges, risks and expenses, read the prospectus carefully.
Diversification does not eliminate the risk of experiencing investment loss.
() - Inception date of
Expense ratios as of prospectus dated are: : Gross / Net, : Gross / Net
Calendar Year Inception vs. Benchmark
Hypothetical Growth of $10,000
The chart shown above represents a hypothetical investment of $10,000 in the Fund’s Investor Class shares for the period from inception to . All returns reflect reinvested dividends, but do not reflect the deduction of taxes that an investor would pay on distributions or redemptions. Investing in the Fund is subject to investment risks, including possible loss of the principal amount invested. The Fund also offers Institutional Class shares, performance for which is not reflected in the graphs above. The performance of Institutional Class shares may be higher or lower than the performance of the Investor Class shares shown in the graphs above based upon differences in fees paid by shareholders investing in the Investor Class shares and Institutional Class shares.
Top 10 Holdings
Top 7 Countries
Holdings subject to change.
1 Weighted Average Return on Assets (ROA) of the portfolio’s holdings, calculated by dividing a company’s annual returns by its total assets.
2 Return on Equity is a metric that measures net income in relation to shareholder equity.
3 Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) measures operating performance. Debt ratio measures how many years it would take for a company to pay back its debt if net debt and EBITDA are held constant.
4 Price-to-Equity (P/E) is the ratio of the current price divided by the earnings over the past 12 months.
5 Enterprise Value (EV) is a measure of the economic value of a company. The ratio of EV to EBIT is used to compare companies within an industry and normalize differences in a company’s capital structure.
6 The average market capitalization of companies held by the fund, weighted in proportion to their percentage of net assets in the fund.
7 The median market capitalization is the midpoint of capitalization of companies held by the fund.