Fund Information

Share Classes
  • Available classes of participating shares:
  • •   Class A: GBP Unhedged Shares (priced and valued in sterling).
  • •   Class B: USD Unhedged Shares (priced and valued in US dollars).
  • Minimum initial investment: £10,000 (or currency equivalent).
  • Minimum subsequent investment: £1,000 (or currency equivalent).
  • Weekly dealing (each Wednesday).
Custody
  • Northern Trust (Guernsey) is the appointed custodian of the CGEF.
  • A global leader in delivering innovative fund administration to clients.
  • Trusted and sound custodian, providing investors with the peace of mind that their assets are secure and protected at all times.
  • Assets under custody of $6.7 trillion*.
  • Independent calculation of the fund’s Net Asset Value (NAV) on a monthly basis.
  • Credit rating currently investment grade with stable outlook**.

(*)   As at 30 September 2016.
(**) Standard & Poor’s, Moody’s
     and Fitch Ratings.

Key Advantages
  • Managed by Credo Investment Team.
  • Long-term, value orientated investment philosophy.
  • Diversified exposure to global large capitalisation, listed equities.
  • Transparent fund holdings and investment exposure.
  • Independent fund administration and custody.
  • Small investment minimums.
  • Potential tax advantages.
  • Competitive fee structure.
Philosophy
  • Wealth preserved and created by following long-term, low turnover strategy.
  • Value-based approach to investing.
  • Unconstrained, high conviction approach (balanced by sufficient diversification).
  • Importance of transaction costs (low-turnover, consider transaction size).
  • Strategic focus (not obsessed with daily news-flow).
  • Risk defined as potential to lose money, i.e. focus on capital preservation.

Fees

Asset Management

The asset management fee on the Credo Global Equity Fund is 0.75% per annum.

Total Expense Ratio (TER)
Total Fund TER*     1.22%

(*) As at 31 May 2017.

Structure

Regulatory Information
  • An incorporated cell of Momentum Mutual Fund ICC Limited.
  • Authorised as a Class B Collective Investment Scheme by the Guernsey Financial Services Commission.
  • Approved in South Africa by the Financial Services Board (FSB)
  • In the UK, for regulatory purposes the CGEF is regarded as a non-mainstream pooled investment (NMPI) and can only be promoted to eligible counterparties, and professional and retail clients that are certificated as high net worth, certified sophisticated investors and self-certified sophisticated investors as set out in COBS 4.12 of the FCA Handbook.

Investment Process

Approach

Though our process is predominantly bottom-up in nature, we aim to maintain a diversified exposure across most major global industries in order to avoid concentration in any specific themes. Our unconstrained investment approach allows for a zero weighting to any given sector when it is believed that the longer term outlook for an industry happens to be negative.