Overview
Key Facts
- Inception Date 25-Sept-2018
- Fund Launch Date 10-Dec-2014
- Bloomberg Ticker GCGLIUD
- ISIN IE00BDQYWP58
- Equity Participation Rate 99.19%
- Benchmark MSCI World Index (Net) USD
- Typical Number of Holdings 20-25
- Legal Status UCITS
- SFDR Classification Article 8
Charges and Subscriptions
- Annual Management Fee 0.80%
- Ongoing Charges 0.88%
- Minimum Investment USD 500,000
Investment Approach
Philosophy: growth drives returns; quality protects against downside; valuation matters.
- Concentrated, long-only strategy with 20-25 high quality, sustainably growing companies
- Focused “total immersion”, 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 investee companies must meet the team’s ten Confidence 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 (20-25 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
As of 30-Sept-2024
Fund
1M2.31%3M9.49%6M7.33%YTD9.70%1YR21.00%3YR4.90%5YR10.00%7YR–SI9.27%Benchmark
1M1.83%3M6.36%6M9.16%YTD18.86%1YR32.43%3YR9.08%5YR13.04%7YR–SI11.00%Difference
1M0.48%3M3.13%6M-1.84%YTD-9.16%1YR-11.42%3YR-4.18%5YR-3.05%7YR–SI-1.73%SI (Since Inception) is the performance since the share class inception date.
Inception Date: 25-Sept-2018
Calendar Year Performance
As of 30-Sept-2024
Fund
2018–201928.69%202017.85%202119.46%2022-18.84%202318.15%Benchmark
2018–201927.67%202015.90%202121.82%2022-18.14%202323.79%Difference
2018–20191.02%20201.95%2021-2.36%2022-0.70%2023-5.63%Growth of 10,000
Characteristics
Top 5 Holdings
As of 30-Sept-2024
| Rank | Holdings | % of Assets |
|---|---|---|
| 1 | CME GROUP INC | 6.59 |
| 2 | ESSILORLUXOTTICA | 5.68 |
| 3 | NOVONESIS B | 5.63 |
| 4 | YUM CHINA HOLDINGS | 5.49 |
| 5 | BOOKING HLDGS INC | 5.01 |
Region Breakdown
As of 30-Sept-2024
Sector Breakdown
As of 30-Sept-2024
Managers
Michael Boyd
Michael Boyd joined GuardCap in 2014. Michael has been managing fundamental equity funds for over 25 years. Before joining GuardCap, Michael was with London-based institutional fund management company Seilern Investment Management Ltd. (1994-2013), as a Global Equity Fund Manager, Managing Director and shareholder. Previously he was a Fund Manager at Murray Johnstone Limited (1988-1994) in Glasgow, Scotland.
Michael received an Honours degree in Economics from Heriot-Watt University, Edinburgh and qualified as an Associate of the Institute of Bankers in Scotland.
Giles Warren
Giles Warren joined GuardCap in 2014. His career in the financial services industry began over 25 years ago when he joined the London-based institutional fund management company Seilern Investment Management Ltd. (1997-2014). At this firm, and prior to joining GuardCap, he worked with Michael Boyd on Seilern Stryx World Growth Fund, ultimately becoming a co-fund manager of the fund in 2010.
Giles graduated from Edinburgh University with an Honours degree in Politics and Economic History. He is an Associate of the Society of Investment Professionals.
Bojana Bidovec, CFA
Bojana Bidovec joined GuardCap in 2016. Her career in investment management began over 15 years ago with Driehaus Capital Management in Chicago, where she was an Analyst and later Portfolio Manager. In 2010 she joined the Global Equities team at RobecoSAM in Zurich, as a Senior Analyst covering the industrial and technology sectors. Bojana also spent time in the firm’s Hong Kong office, expanding the team’s coverage of Asian companies.
Bojana graduated from the University of Ljubljana in Slovenia with a degree in Banking and Finance and earned an MBA from London Business School. She is a CFA® Charterholder.
Orlaith O’Connor, CFA
Orlaith O’Connor joined GuardCap in 2015. Orlaith’s career started over 10 years ago at Martin Currie Investment Management in Edinburgh, Scotland, where she researched global health care companies. Prior to specializing in the health care sector, Orlaith worked on the Technology, Media and Telecoms and Asian teams.
Orlaith holds an MPhil in Economics from the University of Cambridge and a First Class Honours degree in Economics and Mathematics from the National University of Ireland, Galway. She is a CFA® Charterholder.
Risk Disclosures
All investments involve risk, including the possible loss of principal. There is no guarantee investment objectives will be met. Past performance is not indicative of future results. Portfolio characteristics including holdings, sector weightings and market capitalisation are subject to change at any time. All material is compiled from sources believed to be reliable and correct, but accuracy cannot be guaranteed.
