Rondure New World Fund
Data updated: 2024-09-26
C000247656 — Rondure New World Fund. Emerging Markets Mid Cap Blend / Core Equity · $98.66M AUM. Holdings, fees, performance and SEC filings.
C000247656 Fund Overview
Rondure New World Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Emerging Markets Mid Cap 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: Emerging Markets Mid Cap Blend / Core Equity
- Assets under management: $98.66M
- 1-year return: -6.0%
- SEC CIK: 0001537140
- SEC series ID: S000080354
- Share class ID: C000247656
C000247656 Investment Objective and Strategy
Rondure New World 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 Fund?s 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 exposure to emerging or frontier markets. The Fund?s 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 Fund?s portfolio. Equity securities include common stock, preferred stocks, warrants and rights, and other securities with equity characteristics. The Adviser considers frontier and emerging markets generally to include those countries excluded from the MSCI World Index of developed countries. The Fund, under normal market conditions, invests at least 40% 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.
Collectively, such issuers are typically organized, headquartered or economically linked to not less than three different countries other than 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 have long-term growth potential and can provide sustainable return, and also to assess when it is time to sell a holding. The Adviser may shift Fund assets to companies in different sectors (such as the consumer sector) and regions (such as Asia) based on where it believes the best growth opportunities and valuations currently exist. The Adviser also seeks to evaluate each company?s long-term sustainability, which includes understanding its approach to environmental, social and governance issues.
The Adviser uses an analytical framework to assess such issues that includes factors the Adviser believes are relevant to the sustainable long-term growth prospects of a company, such as but not limited to: local 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 company?s approach to environmental, social and governance issues are just one of various factors that the Adviser uses as part of its fundamental analysis. When not invested in equities, the Fund may invest in investment grade (rated Baa3/BBB- or higher by Moody?s or Standard & Poor?s 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). The Fund does not intend to invest in unrated debt instruments. The Fund may also invest in initial public offerings (IPOs). The Fund is classified as ?diversified? under the Investment Company Act of 1940, as amended (the ?1940 Act?). For purposes of the Fund?s 40% investment policy described above, ?assets? are defined as net assets, plus the amount of any borrowings for investment purposes.
C000247656 Holdings
Top 10 holdings of Rondure New World Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.16% |
| Samsung Electronics Co Ltd. | 4.92% |
| MediaTek Inc. | 2.91% |
| Chroma Ate Inc | 2.58% |
| Sinbon Electronics Co., Ltd. | 2.53% |
| HDFC Bank Ltd. | 2.52% |
| Kfin Technologies Ltd. | 2.48% |
| International Container Terminal Services Inc. | 2.47% |
| Bank Rakyat Indonesia (Persero) Tbk | 2.31% |
| Mercadolibre Inc | 2.21% |
C000247656 Portfolio Allocation
Asset-class allocation of Rondure New World Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.0% |
C000247656 Performance
Total returns for C000247656 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.0% |
C000247656 Risk Information
Risk metrics for C000247656, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.1%
C000247656 Costs and Fees
C000247656 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.30%
- Portfolio turnover: 46%
- Brokerage commissions: 14.24 bps of average net assets (SEC N-CEN)
C000247656 Cashflows
Over the 12 months to 2024-07, Rondure New World Fund had net outflows of $106.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | −$23.06M |
| 2024-06 | −$901.21K |
| 2024-05 | −$1.13M |
| 2024-04 | $2.21M |
| 2024-03 | −$1.45M |
| 2024-02 | −$14.45M |
C000247656 Debt Constituents
No individual debt constituents are reported in Rondure New World Fund's latest SEC N-PORT filing.
C000247656 Prospectus and SEC Filings
Official Rondure New World Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Emerging Markets Mid Cap 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.