Global Mutual Fund Profile
(data as of 09/30/24)
global value
symbol
pgvfx
net asset value (NAV)
$34.63
fund net
assets
$448M
$2,500
global value
ticker symbol
pgvfx
net asset value (NAV)
$34.63
fund net assets
$448M
$2,500
Global Mutual Fund: Performance Summary*
(data as of 09/30/24)
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
| Polaris Global Value Fund | 11.89% | 25.62% | 4.99% | 8.69% | 7.64% | 9.14% |
| MSCI World Index | 18.86% | 32.43% | 9.08% | 13.04% | 10.07% | 7.47% |
| YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
| Polaris Global Value Fund | 11.89% | 25.62% | 4.99% | 8.69% | 7.64% | 9.14% |
| MSCI World Index | 18.86% | 32.43% | 9.08% | 13.04% | 10.07% | 7.47% |
The MSCI World Index, net dividends reinvested, measures the performance of a diverse range of global stock markets in the U.S., Canada, Europe, Australia, New Zealand and the Far East. It is unmanaged and does include the reinvestment of dividends, net of withholding taxes. One cannot invest directly in an index.
Investment Comparison (hypothetical growth of $10K from 07/31/89-09/30/24)
Hypothetical growth of $10,000 based on the performance of the fund for the 10-year period end 09/30/24 assumes the reinvestment of dividends and capital gains, and does not include fees and other expenses, in which case the performance would be lower.
Top 10 Holdings (data as of 09/30/24)
1.9%
1.7%
1.6%
1.6%
1.6%
1.6%
1.6%
1.5%
1.5%
Muenchener RueckversicherungsGesellschaft
1.5%
The Polaris Global Value Fund’s 10 largest equity positions are as of 09/30/24 and represent approximately 16.1% of the Fund’s equity holdings. Equity holdings, country allocations and industry allocations are subject to change.
Industry Allocations
(data as of 09/30/24)
Industry Allocations
(data as of 09/30/24)
Our global mutual fund typically invests in approximately 15 industries. We will consider any cyclical or defensive industry (as defined by the MSCI) with one prerequisite: find individual companies with potentially strong sustainable free cash flow or undervalued assets.
Country Allocations
(data as of 09/30/24)
Our global mutual fund seeks to achieve broad geographic diversification; fund assets may be invested in multi-cap companies located in any country in the world. Our investment management team continues to scour the globe to find companies in emerging, developing and frontier markets.
Fees & Expenses
fees
1.00%
expenses
0.22%
total fund operating expenses
1.22%
reimbursed operating expenses
0.23%
total fees & expenses net of reimbursement
0.99%
Fees & Expenses
1.00%
0.22%
total fund operating expenses
1.22%
reimbursed operating expenses
0.23%
total fees & expenses net of reimbursement
0.99%
*As stated in the current prospectus, the Polaris Global Value Fund’s annual operating expense ratio is 1.22%. However, the Fund’s net annual operating expense ratio has been reduced to 0.99%, effective as of January 1, 2014, under a contractual agreement with the Adviser. The Adviser has agreed to waive its fee and/or reimburse Fund expenses to limit the expense ratio to 0.99% through April 30, 2025. Shares redeemed or exchanged within 180 days of purchase will be charged a 1.00% fee. Polaris Global Value Fund returns for periods less than 180 days do not reflect this fee; otherwise, if reflected, this return would have been lower. Returns greater than one year are annualized. Total return includes reinvestment of dividends and capital gains. During the period, some of the Polaris Global Value Fund’s fees were waived or expenses reimbursed. In the absence of these waivers and reimbursements, performance figures would be lower. The MSCI World Index, net dividends reinvested, measures the performance of a diverse range of global stock markets in the U.S., Canada, Europe, Australia, New Zealand and the Far East. It is unmanaged and does include the reinvestment of dividends, net of withholding taxes. One cannot invest directly in an index.
On June 1, 1998, a limited partnership managed by the Adviser reorganized into the Fund. The predecessor limited partnership maintained an investment objective and investment policies that were, in all material respects, equivalent to those of the Fund. The Polaris Global Value Fund’s performance for periods before June 1, 1998 is that of the limited partnership and includes the expenses of the limited partnership. If the limited partnership’s performance had been readjusted to reflect the first year expenses of the Polaris Global Value Fund, the Fund’s performance for the periods prior to June 1, 1998 may have been lower. The limited partnership was not registered under the Investment Company Act of 1940 (“1940 Act”) and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the 1940 Act and the Internal Revenue Code, which, if applicable, may have adversely affected its performance.