Morningstar, a leader in independent investment research, has recognised SilverCross Global Small-Cap Fund with its highest-available 5-Star rating in the ‘global small-cap’ category. Only the top-10% of products in each product category receive five stars. SilverCross Global Small-Cap Fund also currently ranks number one in terms of three-year total return in that same category.
David Simons, Managing Director & Portfolio Manager: “Since our inception in 2014, our commitment has been to build a best-in-class track record in global small-cap equities. We are entirely dedicated to this goal – our team manages no other investment strategies. As such, the recognition by Morningstar of our achievements so far is greatly appreciated. Investors looking for our approach to investing are increasingly entrusting their money to SilverCross, resulting in asset under management approaching Eur 140* million.”
Chris Andrews, Director & Portfolio Manager: “While Past performance cannot guarantee future results, we believe that our disciplined and focused investment approach, investing in about 30 well-managed businesses that can compound in value over the long-term, bodes well for a continuation of the investment track record built so far. We truly invest for the long-term, which is exemplified by our portfolio turnover of approximately 10%, implying we hold each of our investments for an average of 10 years.”
About SilverCross Global Small-Cap Fund
|Domicile||Netherlands – Fonds voor Gemene Rekening (FGR)|
|Inception date||30 July 2014|
|Total return since inception||77.3%*|
|Assets under Management||EUR 138m*|
|Bloomberg ticker||SCGSCFA NA|
|Investment objective||The investment team manages a concentrated portfolio of 25-35 smaller companies that it believes are fundamentally undervalued. In its pursuit to identify these companies, it is geographically unrestricted. It aims to invest in high-quality companies with unique characteristics and little to no debt that can also be successful in challenging economic times. Company management must have a proven track record and incentives must be aligned with shareholders.|
|Top-5 holdings*||Domino’s Pizza UK, Genpact, LCI Industries, Copart, Proto Labs|
* As of 31 October 2017
About the Morningstar rating system
The Morningstar RatingTM for funds, or “star rating”, is calculated for managed investment products with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. For more detailed information about the calculation of Morningstar ratings, please visit www.morningstar.com.
This press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to buy or sell shares in the Fund, nor as an advice to sell, hold or buy. Any investment decision must be based upon the prospectus of the Fund and after taking into consideration all personal and financial circumstances. Past performance does not guarantee future results. The Fund is registered with, though not under supervision of the Dutch Financial Markets Authority.
For more information
David Simons or Chris Andrews
Tel +31 20 514 1787
This press release is dated 1 November 2017. The Morningstar rating may change every month.