Overview
Key Facts
- Inception Date 10-Dec-2014
- Fund Launch Date 10-Dec-2014
- Bloomberg Ticker GCGLEIU
- ISIN IE00BSJCNS13
- Equity Participation Rate 99.15%
- 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
- Charges as of date September 2025
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
Past performance results are no indication of future returns.
As of 30-Nov-2025
Fund
1M1.31%3M-0.84%6M-3.32%YTD-0.71%1YR-4.70%3YR6.90%5YR4.81%7YR7.99%SI10.02%Benchmark
1M0.28%3M5.58%6M14.46%YTD20.12%1YR16.99%3YR19.11%5YR12.90%7YR13.36%SI10.94%Difference
1M1.02%3M-6.42%6M-17.78%YTD-20.83%1YR-21.69%3YR-12.21%5YR-8.09%7YR-5.37%SI-0.91%SI (Since Inception) is the performance since the share class inception date.
Inception Date: 11-Dec-2014
Calendar Year Performance
As of 30-Nov-2025
Fund
201928.68%202017.95%202119.45%2022-18.70%202318.61%20245.59%Benchmark
201927.67%202015.90%202121.82%2022-18.14%202323.79%202418.67%Difference
20191.01%20202.05%2021-2.37%2022-0.56%2023-5.18%2024-13.08%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 | CME GROUP INC | 8.85 |
| 2 | ESSILORLUXOTTICA | 7.20 |
| 3 | YUM CHINA HO | 6.25 |
| 4 | L’OREAL | 5.37 |
| 5 | NOVONESIS (NOVOZ | 4.99 |
Region Breakdown
As of 30-Nov-2025
Sector Breakdown
As of 30-Nov-2025
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.
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.
