Martello Global Equity Fund
The Martello Global Equity Fund is a long-only, open-ended investment vehicle that aims to achieve long term capital appreciation through investment in listed equities on a global basis. The Fund is primarily intended for investors with a long-term horizon of at least 5 years.
Fund Objective
The Fund aims to achieve long term capital appreciation through investment in listed equities on a global basis.
The Fund is primarily intended for investors with a long-term investment horizon of at least 5 years.
Fund Strategy
The Fund invests in a diversified portfolio of listed equities. Assets of the Fund are typically limited to, but not confined to, those companies listed on the markets of the UK, Europe and North America.
This strategy is a high conviction, global portfolio of high-quality companies from across the sector spectrum. This follows Martello’s investment philosophy and it is constructed on a bottom-up basis from companies and investments that have passed our rigorous, rules-based selection process. This is designed to ensure that the Fund invests in high quality businesses with proven management competencies and strategy execution.
The investment portfolio of the Fund is concentrated, comprising between 20 and 30 stocks. The portfolio is invested with the aim of providing a prudent spread of risk, and there are limits on the concentration of the investments held.
Key Facts
| FUND SIZE | $52,912,938.88 |
|---|---|
| LAUNCH DATE | 29 June 2020 |
| FUND CATEGORY | Global Equity |
| BENCHMARK | Morningstar Developed Markets USD Net |
| DEALING | Daily |
| FUND DOMICILE | Guernsey |
| TYPE | Cell of the Offshore Mutual Fund PCC LTD |
| INVESTMENT ADVISOR | Martello Asset Management Limited |
| MANAGER | Guernsey International Management Company Limited |
| CUSTODIAN | BNP Paribas Securities Services SCA, Guernsey Branch |
| ADMINISTRATOR | JTC Fund Solutions (Guernsey) Limited |
Share Classes
| CLASS A | CLASS F | CLASS C | |
|---|---|---|---|
| NAV (19.11.24) | 1.309557 | 1.299478 | 1.355652 |
| ISIN | GG00BMC50C89 | GG00BLDDG718 | GG00BMC50D96 |
| SEDOL | BMC50C8 | BLDDG71 | BMC50D9 |
| BLOOMBERG | THMGEAU GU EQUITY | MRGLEQF GU EQUITY | THMGECU GU EQUITY |
| INVESTMENT MANAGEMENT FEE | 1.00% | 0.70% | 0.00% |
| MINIMUM INVESTMENT | $10,000 | $500,000 | N/A |
NOTE 1: Class C and F shares are restricted to certain categories of investors. Please contact Martello Asset Management Limited or the Manager to confirm eligibility for these share classes.
Costs
The costs associated with managing and operating the Fund, excluding transaction costs, are shown in the table below. These costs consist primarily of management fees and include custody fees, audit fees, regulatory fees, directors fees and other operational and establishment expenses. The figures shown are expressed as a percentage of the daily NAV of the Fund (Class A shares) calculated over a three year period and annualised.
Transaction costs are necessary costs in the management of the fund and include brokerage, taxes, and levies due on purchase and sale transactions. These are calculated on the same basis.
| AS AT END DECEMBER 2023 | CLASS A |
|---|---|
| ADMINISTRATION FEES | 0.30% |
| INVESTMENT ADVISOR FEE | 1.00% |
| OTHER | 0.31% |
| TOTAL EXPENSE RATIO (TER) | 1.61% |
| TRANSACTION COSTS | 0.32% |
| TOTAL COSTS | 1.93% |
A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER may not necessarily be an accurate indication of future TERs. Transaction Costs are a necessary cost in administering the Fund and may impact returns. It should not be considered in isolation as returns may be impacted by other factors such as the TER, investment returns or the investment decisions made.
How to Invest
Martello Global Equity Fund
For international investors and South African investors who wish to invest in a US dollar based fund, the Martello Global Equity Fund is available on the following investment platforms:
BCI Martello Global Equity Feeder Fund
South African investors who cannot invest directly in the Fund due to product restrictions, exchange control or prefer to invest in local currency, can gain access to the Fund via the following platforms:
The Feeder Fund is managed by Boutique Collective Investments
And features on:
