Investment Objective
The fund seeks long-term capital appreciation. The fund invests primarily in U.S. and non-U.S. equity securities. The fund is built by combining the highest conviction positions of the underlying sub-advisors.
iMGP Global Select Fund seeks superior long-term growth relative to global equities. Each of the managers separately runs a portion of the fund’s portfolio, and each represents a different stock-picking approach or market-cap segment. Working independently, each manager runs a focused portfolio typically composed of at least 10, but not more than 25 stocks (resulting in total Fund holdings of 20 to 50 stocks). Because of the mix of managers, we expect, under normal conditions, to be invested in global large-cap stocks. The specific allocation to U.S. and non-U.S. securities will vary based on the mangers’ assessment of domestic and international market conditions. There is no minimum portion of the fund’s assets required to be invested in any single country, but the fund will typically invest more than 25% of its assets in non-U.S. countries. The multi-manager structure results in a broadly diversified portfolio in terms of styles, industries, and stocks.
This fund is appropriate for investors who:
- Want a core equity investment with exposure to a broad slice of the market
- Seek strong market-cycle performance but are less concerned about short-term returns
- Understand the short-term risks associated with the stock market
Core Global Equity Solution
Sourcing highest-conviction ideas from around the world
Large-Cap Blend
Dedicated global large-cap managers capturing both growth and value companies
Unique Mandates
Access to strategies capitalizing on the best ideas from skilled investors
Damon Ficklin
Polen Capital
Head of Team,
Portfolio Manager & Analyst
Stephen Atkins, CFA
Polen Capital
Portfolio Manager,
Strategist & Analyst
Brian Krawez, CFA
Scharf Investments
President
Gabe Houston, CFA
Scharf Investments
Senior Research Analyst
12/31/1996
53700T108
MSEFX
None
None
(800) 960-0188
$12.11
As of 11/26/2025
0.08 (0.67%)
As of 11/26/2025
5.60%
As of 11/26/2025
1.19%
0.98%
*The Advisor has contractually agreed to limit the expenses through 4/30/2026.
Asset Class
Equity
Share Class inception Date
12/31/1996
Benchmark
MSCI World Index
CUSIP
53700T108
Registered Locations
US ✔
iMGP Global Select Fund Value of Hypothetical $10,000
The value of a hypothetical $10,000 investment in the iMGP Global Select Fund compared with the
Morningstar Global Large-Stock Blend Category, MSCI World Index.
- Growth of Investment
- Annualized
- Calendar Year
* The hypothetical $10,000 investment at fund inception includes changes due to share price and reinvestment of dividends and capital gains. The chart does not imply future performance. Indexes are unmanaged, do not incur fees, expenses or taxes, and cannot be invested in directly.
Performance quoted does not include a deduction for taxes that a shareholder would pay on the redemption of fund shares.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
Returns less than one year are not annualized.
Prior to April 30, 2009, the fund’s Institutional Class was an unnamed share class.
Indexes are unmanaged, do not incur fees, and cannot be invested in directly. Click herefor index definitions.
Gross Expense Ratio 1.19%
Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The gross and net expense ratios can be found in the most recent Summary Prospectus (4/30/2025). There are contractual fee waivers in effect through 4/30/2026.
While the fund is no-load, management and other expenses still apply.
Disclosure:
iMGP Fundsʼ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be viewed here or by calling 1-800-960-0188. Read it carefully before investing. Mutual fund investing involves risk. Principal loss is possible. The fund will invest in foreign securities. Investing in foreign securities exposes investors to economic, political, and market risks and fluctuations in foreign currencies. Though not a small-cap fund, the fund may invest in the securities of small companies. Small-company investing subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies. Investments in emerging-market countries involve additional risks such as government dependence on a few industries or resources, government-imposed taxes on foreign investment or limits on the removal of capital from a country, unstable government, and volatile markets. Multi-investment management styles may lead to higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisors and advisor and the allocation of assets amongst them. Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice. Diversification does not assure a profit nor protect against loss in a declining market. Index Definitions | Industry Terms and Definitions The iMGP Funds are distributed by ALPS Distributors, Inc.