Overview


The Chautauqua Global Growth Fund invests primarily in equity securities of both U.S. and non-U.S. companies with medium to large market capitalizations (i.e., those with market capitalizations in excess of U.S. $5 billion at the time of purchase). Equity securities in which the Fund may invest include common stocks, preferred stocks, depository shares and receipts, rights, warrants and exchange-traded funds (ETFs). Under normal market conditions, the Fund will invest at least 40% of its total assets at the time of purchase in non-U.S. companies. The Fund will normally be diversified among at least three different countries, including the United States. The Fund invests primarily in developed markets but may invest in emerging and less developed markets. In evaluating potential investments, the advisor considers companies with growth characteristics that the advisor believes are likely to benefit from current macroeconomic and global trends and to possess sustainable competitive advantages. The Fund will normally hold a concentrated number (generally 35 to 45) of companies.

Performance

ALL DATA AS OF 11/30/2021
1 Month 3 Month YTD 1 Year 3 Years 5 Years Since Inception
Global Growth -4.26 -3.68 10.72 16.77 22.70 18.31 16.46
MSCI AC World Index -2.41 -1.66 13.98 19.27 15.96 13.99 13.09
  • Disclosure

    A redemption Fee of 2.00% is assessed on shares held for 90 days or fewer, as a percentage of the amount redeemed.

    Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The funds' current performance may be lower or higher than the performance data quoted. A redemption Fee of 2.00% is assessed on shares held for 90 days or fewer, as a percentage of the amount redeemed. Performance data does not reflect this redemption fee.

    The Fund may hold fewer securities than other diversified funds, which increases the risk and volatility because each investment has a greater effect on the overall performance. Foreign investments involve additional risks such as currency rate fluctuations and the potential for political and economic instability, and different and sometimes less strict financial reporting standards and regulations.

    The Net Expense Ratio is the Gross Expense Ratio minus any reimbursement from the advisor. The advisor has contractually agreed to waive its fees and/or reimburse expenses at least through April 30, 2022, to the extent necessary to ensure that the total operating expenses do not exceed 1.20% of the Investor Class's average daily net assets and 0.95% of the Institutional Class's average daily net assets. Investor class expense ratios include a 0.25% 12b-1 fee.

    The MSCI ACWI Index® is a free float-adjusted market capitalization weighted index that is designed to measure the equity performance of developed and emerging markets. The MSCI ACWI Index® consists of 44 country indices, including the United States, comprising 23 developed and 21 emerging market country indices.

    Time periods greater than one year are annualized.

Morningstar Rankings

ALL DATA AS OF 10/31/2021
Category Overall 3 Year 5 Year
Global Growth World Large-Stock Growth
(307 funds)
(307 funds)
(262 funds)
  • Disclosure

    The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

    © 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Distributions

Time Period Toggle
Type Record Date Reinvest Date Payable Date Amount per Share ($) Reinvest Price ($)
This fund pays annual distributions in December

Portfolio Characteristics

ALL DATA AS OF 9/30/2021
Security % of Fund
Constellation Software Inc. 3.91%
Alphabet Inc. 3.77%
Genmab A/S 3.71%
Tata Consultancy Services Limited 3.58%
Mastercard Inc. 3.53%
Charles Schwab Corporation 3.32%
SVB Financial Group 3.19%
DBS Group Holdings Ltd 3.17%
Novo Nordisk A/S ADR 3.16%
WuXi Biologics Inc. 3.02%
  • Disclosure

    Earnings Growth (EPS – earnings per share – 5 year historical) is the portion of a company's profit allocated to each share of common stock and serves as an indicator of a company’s profitability. Return on Equity is a measure of financial performance calculated by dividing net income by shareholders' equity. Debt-to-Total Capitalization measures the total amount of outstanding company debt as a percentage of the firm’s total capitalization and is a measurement of a company’s financial leverage. P/E Ratio (Forward 12 month) is a valuation of a company’s current share price compared to its expended per-share earnings. The holdings, characteristics and statistical measures used in this fact sheet are not a forecast of the fund’s future performance and subject to change. Specific securities identified do not represent all the securities purchased, sold or held and a reader should not assume these securities were or will be profitable.