Overview
Key Facts
- Class Inception 22-Feb-2021
- Fund Launch Date 19-Dec-2016
- Bloomberg Ticker GCEMIEA
- ISIN IE00BF2YTR44
- Equity Participation Rate 56.06%
- Benchmark MSCI Emerging Market Index (Net) EUR
- Typical Number of Holdings 25-30
- Legal Status UCITS
- SFDR Classification Article 8
Charges and Subscriptions
- Annual Management Fee 0.80%
- Ongoing Charges 1.09%
- Minimum Investment USD $500,000
- Charges as of date September 2025
Investment Approach
Philosophy: growth drives returns; quality protects against downside; valuation matters.
- Concentrated, long-only strategy with 25-30 high quality, sustainably growing companies
- In-depth fundamental analysis, bottom-up analysis of selected high-confidence stocks
- Benchmark agnostic, unconstrained portfolio construction; high active share
- Genuine long-term investing with low portfolio turnover
- Large / Mid-cap focus
ESG Integration
Long-term thinking underlies everything we do.
All companies under consideration are assessed against the team’s ten Investment Criteria, including strong “Foundations for Sustainable Growth” (FSG), which ensures that a company’s ESG practices align with its potential for long-term sustainable growth. The Fund’s concentrated approach (25-30 stocks) enables a thorough understanding of the sustainability risks and opportunities relevant to each company and an analysis of a company’s ESG issues forms a key part of every investment decision.
Learn more about our approach to sustainability.
Performance
Annual Compound Performance
Past performance results are no indication of future returns.
As of 30-Nov-2025
Fund
1M-1.59%3M7.00%6M9.94%YTD6.96%1YR6.44%3YR5.73%5YR–7YR–SI-2.66%Benchmark
1M-2.93%3M9.90%6M16.67%YTD15.71%1YR17.86%3YR10.23%5YR–7YR–SI2.48%Difference
1M1.34%3M-2.90%6M-6.74%YTD-8.76%1YR-11.42%3YR-4.50%5YR–7YR–SI-5.13%SI (Since Inception) is the performance since the share class inception date.
Inception Date: 22-Feb-2021
Calendar Year Performance
As of 30-Nov-2025
Fund
2019–2020–2021–2022-16.62%20231.63%202412.71%Benchmark
2019–2020–2021–2022-14.85%20236.11%202414.68%Difference
2019–2020–2021–2022-1.77%2023-4.48%2024-1.98%Growth of $10,000
The chart illustrates the hypothetical growth of a $10,000 investment over time, assuming reinvestment of all income and no withdrawals. It does not reflect the impact of fees, charges, or taxation unless explicitly stated.
Past performance is not a reliable indicator of future results. The value of investments may fall as well as rise, and you may not get back the amount you originally invested.
Performance is shown for illustrative purposes only and does not constitute investment advice or a recommendation.
Characteristics
Top 5 Holdings
As of 30-Nov-2025
| Rank | Holdings | % of Assets |
|---|---|---|
| 1 | TAIWAN SEMIC-ADR | 9.45 |
| 2 | SAMSUN-GDR REG S | 8.38 |
| 3 | HDFC BANK-ADR | 6.51 |
| 4 | TENCENT | 5.97 |
| 5 | MERCADOLIBRE INC | 5.65 |
Region Breakdown
As of 30-Nov-2025
Sector Breakdown
As of 30-Nov-2025
Managers
Ed Wallace, CFA
Ed Wallace joined GuardCap in 2015. His career in the investment industry began over 20 years ago, when he joined Gartmore Investment Management on their global equity team as a graduate trainee, subsequently becoming an analyst and portfolio manager. In 2011 Henderson Group acquired Gartmore and Ed moved with the team to Henderson Global Investors managing global and international equity funds for institutional and retail clients. Over an 18-month period (2003-05), he also participated in developing UK government policy on institutional investment at HM Treasury.
Ed graduated with a first-class honours degree in Modern History & Economics from Oxford University. He is a CFA® Charterholder.
Joris Nathanson
Joris Nathanson joined GuardCap in 2016. Prior to joining GuardCap, Joris spent 10 years working for Nevsky Capital LLP, a multi-billion dollar Global and Emerging Markets specialist investment firm offering both long only and long/short strategies, where he was Partner and Senior Analyst.
Joris graduated from Oxford University with a degree in Philosophy, Politics and Economics (PPE). He qualified as a Chartered Accountant with Deloitte LLP.
Alice Yin, CFA
Alice Yin joined GuardCap in 2017. Before joining GuardCap, Alice spent five years working for Barclays Investment Bank as an associate on the M&A team, focusing on mergers and acquisitions in EMEA, cross-border transactions and working directly with companies on their financial and strategic options across a wide range of sectors.
Alice graduated from Oxford University with a degree in Mathematics and Statistics and is a CFA® Charterholder.
Important Information
The information provided on this page is for informational purposes only and is intended for professional clients, as defined by the UK Financial Conduct Authority. It does not constitute investment advice, an offer, or a solicitation to buy or sell any fund or security.
Investors should read the relevant fund documentation, including the prospectus, Key Investor Information Document (KIID) or Key Information Document (KID), and latest reports, before making any investment decision. These documents are available on this website.
Investment in this fund may involve risks including, but not limited to, market risk, currency risk, emerging market risk and investment risk. Please refer to the “Fund Risks” section and the full prospectus for a detailed description of these and other potential risks.
GuardCap Asset Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The fund and its offering may be subject to local regulations and may not be available in all jurisdictions.
