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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.47

$164 M

1.36%

$0.22

1.80%

Vitals

YTD Return

6.7%

1 yr return

12.6%

3 Yr Avg Return

10.9%

5 Yr Avg Return

10.2%

Net Assets

$164 M

Holdings in Top 10

40.5%

52 WEEK LOW AND HIGH

$16.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.47

$164 M

1.36%

$0.22

1.80%

BGLSX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 10.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Boston Partners Global Long/Short Fund
  • Fund Family Name
    Boston Partners
  • Inception Date
    Apr 11, 2014
  • Shares Outstanding
    8794154
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Hart

Fund Description

The Fund invests in long positions in stocks identified by the Adviser as undervalued and takes short positions in stocks that the Adviser has identified as overvalued. The cash proceeds from short sales will be invested in short-term cash instruments to produce a return on such proceeds just below the federal funds rate. Short sales are considered speculative transactions and a form of leverage The Fund invests, both long and short, in securities issued by U.S. and non-U.S. companies of any capitalization size.

With a long position, the Fund purchases a stock outright; with a short position, the Fund sells a security that it does not own and must borrow to meet its settlement obligations. The Fund may invest in securities of companies operating for three years or less (“unseasoned issuers”). The Adviser will determine the size of each long or short position by analyzing the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio. The Adviser examines various factors in determining the value characteristics of such issuers including price-to-book value ratios and price-to-earnings ratios. These value characteristics are examined in the context of the issuer’s operating and financial fundamentals, including return on equity, earnings growth and cash flow. The Adviser selects securities for the Fund based on a continuous study of trends in industries and companies, earnings power and growth and other investment criteria.

The Fund may invest in all types of equity and equity-related securities, including without limitation exchange-traded and over-the-counter common and preferred stocks, warrants, options, rights, convertible securities, sponsored and unsponsored depositary receipts and shares, trust certificates, limited partnership interests, shares of other investment companies (including exchanged-traded funds (“ETFs”)), real estate investment trusts (“REITs”), and equity participation. An equity participation is a type of loan that gives the lender a portion of equity ownership in a property, in addition to principal and interest payments. A convertible security is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common stock of the same or a different issuer within a particular period of time at a specified price or formula.

The Fund defines non-U.S. companies as companies (i) that are organized under the laws of a foreign country; (ii) whose principal trading market is in a foreign country; or (iii) that have a majority of their assets, or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside of the United States. Under normal market conditions, the Fund invests significantly (ordinarily at least 40% — unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30%) in non-U.S. companies. The Fund principally will be invested in issuers located in countries with developed securities markets, but may also invest in issuers located in emerging markets. The Fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries).

The Fund’s portfolio is rebalanced regularly. The Adviser assesses each investment’s changing characteristics relative to its contribution to portfolio risk. The Adviser will sell an investment held long or close out a short position that the Adviser believes no longer offers an appropriate return-to-risk trade-off.

Under normal circumstances, the Adviser expects to sell securities short so that the Fund’s portfolio is approximately 50% net long with an average of between 30% and 70% net long.

To meet margin requirements, redemptions or pending investments, the Fund may also temporarily hold a portion of its assets in full faith and credit obligations of the United States government and in short-term notes, commercial paper or other money market instruments.

The Adviser will sell a stock when it no longer meets one or more investment criteria, either through obtaining target value or due to an adverse change in fundamentals or business momentum. Each holding has a target valuation established at purchase, which the Adviser constantly monitors and adjusts as appropriate.

The Fund may participate as a purchaser in initial public offerings of securities (“IPO”). An IPO is a company’s first offering of stock to the public.

The Fund may invest from time to time a significant portion of its assets in smaller issuers which are more volatile and less liquid than investments in issuers with larger market capitalizations.

The Fund may invest up to 15% of its net assets in illiquid investments, including investments that are illiquid by virtue of the absence of a readily available market or legal or contractual restrictions on resale.

In general, the Fund’s investments are broadly diversified over a number of industries and, as a matter of policy, the Fund is limited to investing a maximum of 25% of its total assets in any one industry. The Fund is non-diversified and may invest in fewer securities at any one time than a diversified fund.

The Fund may invest up to 20% of its net assets in high yield debt obligations, such as bonds and debentures, used by U.S. and foreign corporations and other business organizations (e.g., trusts or limited liability companies). Such high yield debt obligations are not considered to be investment grade. Non-investment grade fixed income securities (commonly known as “junk bonds”) are rated BB or lower by S&P Global, or have a comparable rating by another nationally recognized statistical rating organization (or, if unrated are determined by the Adviser to be of comparable quality at the time of investment). The Fund may invest in securities of the lowest rating category, including securities in default. The Adviser may, but is not required to, sell a bond or note held by the Fund in the event that its credit rating is downgraded.

The Fund may (but is not required to) invest in derivatives, including put and call options, futures, forward contracts and swaps, in lieu of investing directly in a security, currency or instrument, for hedging and non-hedging purposes.

While the Adviser intends to fully invest the Fund’s assets at all times in accordance with the above-mentioned policies, the Fund reserves the right to hold up to 100% of its assets, as a temporary defensive measure, in cash and eligible U.S. dollar-denominated money market instruments and make investments inconsistent with its investment objectives. The Adviser will determine when market conditions warrant temporary defensive measures.

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BGLSX - Performance

Return Ranking - Trailing

Period BGLSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -12.1% 23.2% 47.53%
1 Yr 12.6% -12.5% 39.1% 41.98%
3 Yr 10.9%* -20.0% 28.5% 10.56%
5 Yr 10.2%* -4.5% 24.8% 13.08%
10 Yr 5.7%* -4.3% 10.0% 28.57%

* Annualized

Return Ranking - Calendar

Period BGLSX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -17.3% 43.8% 40.12%
2022 13.6% -54.0% 17.4% 3.40%
2021 17.7% -40.0% 54.1% 19.86%
2020 -0.6% -47.6% 88.4% 66.67%
2019 3.2% -20.3% 62.6% 80.31%

Total Return Ranking - Trailing

Period BGLSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -12.1% 23.2% 47.53%
1 Yr 12.6% -12.5% 39.1% 41.98%
3 Yr 10.9%* -20.0% 28.5% 10.56%
5 Yr 10.2%* -4.5% 24.8% 13.08%
10 Yr 5.7%* -4.3% 10.0% 28.57%

* Annualized

Total Return Ranking - Calendar

Period BGLSX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -14.5% 43.8% 48.77%
2022 16.1% -54.0% 50.3% 5.44%
2021 17.7% -40.0% 61.6% 31.91%
2020 -0.5% -29.9% 91.0% 77.04%
2019 4.6% -17.9% 79.4% 81.89%

NAV & Total Return History


BGLSX - Holdings

Concentration Analysis

BGLSX Category Low Category High BGLSX % Rank
Net Assets 164 M 1.08 M 6.67 B 35.19%
Number of Holdings 272 2 1906 20.99%
Net Assets in Top 10 66.3 M 639 K 2.09 B 40.74%
Weighting of Top 10 40.49% 2.8% 182.8% 53.70%

Top 10 Holdings

  1. Tri-State Deposit 20.95%
  2. Advanced Micro Devices Inc 3.06%
  3. Cenovus Energy Inc 2.88%
  4. Teck Resources Ltd 2.12%
  5. Booking Holdings Inc 2.08%
  6. Ryohin Keikaku Co Ltd 2.05%
  7. Alphabet Inc 1.98%
  8. Zimmer Biomet Holdings Inc 1.86%
  9. Centene Corp 1.78%
  10. JPMorgan Chase Co 1.74%

Asset Allocation

Weighting Return Low Return High BGLSX % Rank
Stocks
73.42% -0.40% 109.75% 45.06%
Cash
30.40% 0.00% 100.51% 33.95%
Preferred Stocks
0.00% 0.00% 8.29% 80.86%
Convertible Bonds
0.00% -0.02% 4.48% 75.82%
Bonds
0.00% 0.00% 178.67% 85.19%
Other
-3.82% -52.70% 99.51% 92.59%

Stock Sector Breakdown

Weighting Return Low Return High BGLSX % Rank
Technology
17.00% 0.00% 43.24% 61.36%
Healthcare
14.22% 0.00% 100.00% 63.64%
Financial Services
12.76% 0.00% 83.83% 59.85%
Industrials
12.41% 0.00% 31.93% 34.85%
Basic Materials
12.36% 0.00% 28.58% 3.79%
Consumer Cyclical
9.31% 0.00% 88.83% 58.33%
Energy
8.30% 0.00% 32.57% 15.91%
Communication Services
5.35% 0.00% 32.32% 76.52%
Consumer Defense
5.19% 0.00% 33.38% 60.61%
Utilities
3.10% 0.00% 21.71% 27.27%
Real Estate
0.00% 0.00% 10.93% 96.21%

Stock Geographic Breakdown

Weighting Return Low Return High BGLSX % Rank
US
45.73% -0.40% 109.75% 69.75%
Non US
27.69% -3.36% 70.87% 4.32%

BGLSX - Expenses

Operational Fees

BGLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.42% 8.51% 66.05%
Management Fee 1.50% 0.00% 2.50% 84.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.54% 31.82%

Sales Fees

BGLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BGLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 96.88%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 479.00% 45.31%

BGLSX - Distributions

Dividend Yield Analysis

BGLSX Category Low Category High BGLSX % Rank
Dividend Yield 1.36% 0.00% 27.22% 54.66%

Dividend Distribution Analysis

BGLSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

BGLSX Category Low Category High BGLSX % Rank
Net Income Ratio -0.07% -3.33% 2.16% 26.25%

Capital Gain Distribution Analysis

BGLSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BGLSX - Fund Manager Analysis

Managers

Christopher Hart


Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Mr. Hart is a portfolio manager for Boston Partners Global Equity and International Equity products. Prior to this, he was the portfolio manager for the Boston Partners International Small Cap Value product and before that, an assistant portfolio manager for the Boston Partners Small Cap Value products for three years. Previously, he was a research analyst and specialized in conglomerates, engineering and construction, building, machinery, aerospace & defense, and REITs sectors of the equity market. He joined the firm from Fidelity Investments where he was a research analyst. Mr. Hart holds a B.S. degree in finance, with a concentration in corporate finance from Clemson University. He holds the Chartered Financial Analyst® designation. He has twenty-nine years of investment experience.

Joshua Jones


Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Mr. Jones is a portfolio manager on Boston Partners Global Equity and International Equity products. Prior to this role, he was a research analyst specializing in the energy, metals and mining sectors of the equity market and was a global generalist. He joined the firm from Cambridge Associates where he was a consulting associate specializing in hedge fund clients. Mr. Jones holds a B.A. degree in economics from Bowdoin College. He holds the Chartered Financial Analyst® designation. He has sixteen years of investment experience.

Joseph Feeney


Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Mr. Feeney is Chief Executive Officer and Chief Investment Officer for Boston Partners. He is responsible for the firm’s strategic, financial and operating decisions, and all aspects of investment management including the firm’s fundamental and quantitative research groups. He was one of the original partners of Boston Partners Asset Management in 1995. Prior to assuming these roles, he was Director of Research. Mr. Feeney joined Boston Partners upon its inception in 1995 from Putnam Investments where he managed mortgage-backed securities portfolios. He began his career at the Bank of Boston where he was a loan officer specializing on highly leveraged loan portfolios. Mr. Feeney holds a B.S. degree in finance from the University of New Hampshire and an M.B.A. with High Honors from the University of Chicago. He holds the Chartered Financial Analyst® designation and is past President of the Fixed Income Management Society of Boston. He has thirty-five years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.01 7.93