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Laura Geritz, CFA®
Founder, Chairwoman & Portfolio Manager
Blake Clayton, PhD
Chief Investment Officer & Portfolio Manager
Jennifer McCulloch Dunne, CFA®
Chief Executive Officer & Portfolio Manager
| MSCI Emerging Markets Total Return USD Indexⓘ
MSCI Emerging Markets Total Return USD Index
The MSCI Emerging Markets Total Return (USD) Index is an unmanaged total return index, reported in U.S. Dollars, based on the share prices and reinvested dividends of approximately 1,400 companies from 24 emerging market countries.
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Fund inception of 05/01/2017
The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 855-775-3337.
The Advisor may absorb certain fund expenses, leading to higher total shareholder returns. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.
The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 855-775-3337.
The Advisor may absorb certain fund expenses, leading to higher total shareholder returns. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.
Year end as of 12/31/2023
| wdt_ID | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
| 1 | Rondure New World Fund - Institutional | -2.51% | -13.99% | 3.91% | 17.75% | 18.72% | -13.37% | 13.08% |
| 2 | MSCI EM (EMERGING MARKETS) Gross (USD) | 10.27% | -19.74% | -2.23% | 18.69% | 18.89% | -14.24% | 20.67% |
The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 855-775-3337.
The Advisor may absorb certain fund expenses, leading to higher total shareholder returns. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.
As of 04/30/2024, updated quarterly, subject to change
| Company Name | Country | Sector | % of Net Assets | |
|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing Company Ltd. | Taiwan | Technology | 3.7% |
| 2 | Samsung Electronics Company Ltd. | South Korea | Technology | 2.9% |
| 3 | PT Bank Rakyat Indonesia (Persero) Tbk | Indonesia | Financials | 2.5% |
| 4 | HDFC Bank Ltd | India | Financials | 2.5% |
| 5 | International Container Terminal Services, Inc. | Philippines | Industrials | 2.4% |
| 6 | MEDIATEK INC | Taiwan | Technology | 2.4% |
| 7 | Chroma Ate Inc | Taiwan | Industrials | 2.4% |
| 8 | Sinbon Electronics Co., Limited | Taiwan | Technology | 2.3% |
| 9 | GMexico Transportes SAB de CV | Mexico | Industrials | 2.1% |
| 10 | ITAU UNIBANCO HOLDING S-P | Brazil | Financials | 2.1% |
| Total Top 10 Holdings | 25.3% |
Portfolio holdings are subject to change at any time. References to specific securities should not be construed as recommendations by the Fund or its Advisor. Current and future holdings are subject to risk. Holdings are released on a 60-day lag from the most recent quarter end per the Rondure Global Holdings Release Policy.
| Region | % of Total Equities |
|---|---|
| Asia ex Japan | 80.5% |
| Latin America | 8.2% |
| North America | 6.2% |
| Europe | 3.3% |
| Africa/Middle East | 2.3% |
| Total | 100.0% |
| Country | % of Total Equities | |
|---|---|---|
| 1 | India | 19.9% |
| 2 | Taiwan | 18.1% |
| 3 | China | 12.4% |
| 4 | South Korea | 9.1% |
| 5 | Brazil | 8.2% |
| 6 | Indonesia | 6.4% |
| 7 | Mexico | 6.2% |
| 8 | Philippines | 3.8% |
| 9 | Thailand | 3.1% |
| 10 | Malaysia | 2.9% |
| Total Top 10 Countries | 90.2% |
©2024 Rondure Global Advisors, LLC. All rights reserved.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click the link to obtain a prospectus for the Rondure Funds, which contains important information about risk factors and disclosures, or call 1.855.775.3337. Read the prospectus carefully before investing in the Rondure Funds.
IMPORTANT RISKS
Any investing, including in mutual funds, involves risks and loss of principal is possible. Investing in international or global funds, small- or micro-cap funds, or related strategies will be more volatile and the risk of principal loss could be greater than investing in domestic, large-cap or more diversified funds or strategies. Investing in foreign securities also entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Investments in emerging markets are subject to greater risk than investments in the United States or in foreign countries with more established economies and securities markets.
Rondure Funds are distributed by Northern Lights Distributors LLC. Member FINRA/SIPC.
Investment advisory services for the Rondure Funds and related separately managed accounts are provided by Rondure Global Advisors, LLC, a federally registered investment adviser. Northern Lights Distributors LLC is not affiliated with Rondure Global Advisors, LLC.
The adviser’s judgments about the growth, value or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance and cause it to underperform relative to other funds with similar investment goals or relative to its benchmark, or not to achieve its investment goal.
Diversification does not ensure a profit or guarantee against loss.
Past performance is no guarantee of future results.
Value investing involves buying stocks that are out of favor and/or undervalued in comparison to their peers or their prospects for growth. Typically, their valuation levels are lower than those of growth stocks.
Grandeur Peak Global Advisors is an equity partner of Rondure and provides all back- and middle-office functions for Rondure via a shared services agreement. These services include operations, trading, compliance, IT and legal.
