Update on GQG Funds performance summary reported by Morningstar...

Update on GQG Funds performance summary reported by Morningstar as at close of trade Friday 23 May 2025.

Summary

1-Month and 3-Month relative performance has turned postive +~1% on the week (Table B). Notwithstanding this, the 1-Year performance deteriorated by -0.49% (Table B). To state the obvious, continued short term outperformance will improve longer term performance.

Wtd average 1-Year returns 0.00% vs peers +9.36% for -9.36% under-performance (Table A) of which -6.81% has occurred in the 8 trading weeks since the end of the quarter (Table C).

Table A: 1-Day to 5-Year performance.



WTD avg +0.43% returns on the day, peer categories +-0.06% meaning +0.49%% wtd avg relative performance.
WTD avg -0.12% returns on the week, peer categories +-0.52% meaning +0.40%% wtd avg relative performance.

Table B: Change in 1-Month to 5-Year relative performance over the trading week.



1-Month relative returns +0.97%, 3-Month +1.04% and 1-Year returns -0.49%.
Good to see the short term turnaround.

Table C: Change in relative performance since the end of last quarter.



After accounting for this week's improved returns (in Table B), relative returns from 3-Month to 3-Years since end of the quarter are down by ~5.5% to 6.5% (Table C).