Rondure Overseas Fund
Data updated: 2024-03-29
C000242702 — Rondure Overseas Fund. Developed ex-US Blend / Core Equity · $6.47M AUM · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
C000242702 Fund Overview
Rondure Overseas Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust III
- Category: Developed ex-US Blend / Core Equity
- Assets under management: $6.47M
- SEC CIK: 0001537140
- SEC series ID: S000080355
- Share class ID: C000242702
C000242702 Investment Objective and Strategy
Rondure Overseas Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.
Investment objective
The Funds investment objective is long-term growth of capital.
Principal investment strategy
The Fund primarily invests in equity securities of mid-cap or large-cap companies located in countries around the world, typically with primary exposure to developed foreign markets. The Funds adviser, Rondure Global Advisors, LLC (the Adviser), defines mid-cap and large-cap to be companies with market capitalizations above $1.5 billion at the time of purchase. Companies with a smaller market capitalization may also be held in the Funds portfolio. Equity securities include common stock, preferred stocks, warrants and rights, and other securities with equity characteristics. The Adviser considers developed foreign markets generally to include those countries within the MSCI World Index of developed countries. The Fund, under normal market conditions, invests at least 80% of its assets, calculated at the time of purchase, in equity securities of (i) issuers either organized or having headquarters in countries outside the United States, or (ii) issuers having a majority of their assets or revenues attributable to countries outside the United States.
The Adviser uses a process of quantitative screening of the financial trends and health of each company in its investment universe followed by bottom up fundamental analysis to identify high quality companies that it believes can provide sustainable returns and also to assess when it is time to sell a holding. The Adviser may shift Fund assets between sectors (such as the consumer sector) and regions based on where it believes the best growth opportunities and valuations currently exist. The Adviser also seeks to evaluate each companys long-term potential and sustainability, which includes understanding its approach to environmental, social and governance issues. The Adviser uses an analytical framework to assess such issues that examines factors the Adviser believes are relevant to the sustainable long-term growth prospects of a company, which may include: local and national economic development priorities, shareholder rights, management oversight and transparency, board membership and structure, accounting standards, environmental policies, social justice policies, and human capital considerations.
A companys approach to environmental, social and governance issues are just one of various factors that the Adviser uses as part of its fundamental analysis. At times, the Fund may invest in Initial Public Offerings (IPOs). The Fund may also invest in investment grade (rated Baa3/BBB- or higher by Moodys or Standard & Poors respectively) corporate or government debt obligations (from U.S. as well as non-U.S. issuers, typically with average durations of two years or less, with a variety of maturities), and in foreign exchange futures contracts or currency forward contracts (for risk management purposes). The Fund does not intend to invest in unrated debt instruments. The Fund is classified as diversified under the Investment Company Act of 1940, as amended (the 1940 Act). For purposes of the Funds 80% investment policy described above, assets are defined as net assets, plus the amount of any borrowings for investment purposes.
C000242702 Holdings
Top 10 holdings of Rondure Overseas Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Kyushu Railway Co. | 2.71% |
| Parex Resources Inc. | 2.47% |
| Heiniken Malaysia Berhad | 2.46% |
| OBIC Business Consultants Co Ltd. | 2.24% |
| GMexico Transportes SAB de CV | 2.10% |
| Recordati Industria Chimica e Farmaceutica S.p.A. | 2.07% |
| Greggs PLC | 2.06% |
| Radico Khaitan Ltd | 2.04% |
| Bangkok Bank Public Co Ltd. | 2.03% |
| Alten SA | 1.98% |
C000242702 Portfolio Allocation
Asset-class allocation of Rondure Overseas Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 90.1% |
C000242702 Costs and Fees
C000242702 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 2.01%
- Portfolio turnover: 92%
C000242702 Cashflows
Over the 12 months to 2024-01, Rondure Overseas Fund had net outflows of $7.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | −$2.93M |
| 2023-12 | −$2.99M |
| 2023-11 | −$962.79K |
| 2023-10 | −$470.47K |
| 2023-09 | −$185.22K |
| 2023-08 | −$195.60K |
C000242702 Debt Constituents
No individual debt constituents are reported in Rondure Overseas Fund's latest SEC N-PORT filing.
C000242702 Prospectus and SEC Filings
Official Rondure Overseas Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.