CAGLX — Cornerstone Advisors Global Public Equity Fund
Data updated: 2021-09-28
CAGLX — Cornerstone Advisors Global Public Equity Fund. Money Market · $464.00M AUM · 1.01% expense ratio. Holdings, fees, performance and SEC filings.
CAGLX Fund Overview
CAGLX — Cornerstone Advisors Global Public Equity Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund
- Category: Money Market
- Assets under management: $464.00M
- 1-year return: 34.5%
- Ticker: CAGLX
- SEC CIK: 0000878719
- SEC series ID: S000038024
- Share class ID: C000117310
CAGLX Investment Objective and Strategy
Cornerstone Advisors Global Public Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund.
Investment objective
"The Cornerstone Advisors Global Public Equity Fund (the ""Global Public Equity Fund"" or ""Fund"") seeks capital appreciation."
Principal investment strategy
"The Fund seeks to achieve its investment objective by allocating its assets among one or more investment strategies directly through the use of one or more sub-advisers and/or indirectly through investments in affiliated and unaffiliated open-end funds, closed-end funds, unregistered funds (including hedge funds) and exchange-traded funds (""Underlying Funds""). The Fund will invest in Underlying Funds and/or use one or more sub-advisers to invest its assets in global, publicly-traded equity securities as part of one of the following primary investment strategies: (i) Structured Global Strategy, (ii) Global Opportunistic Strategy and (iii) Style Specialist Strategy. The Structured Global Strategy is a broadly-diversified equity investment process designed to efficiently capture the long-term returns of global equity markets developed and emerging.
The Global Opportunistic Strategy, which may use ""value"" and ""growth"" styles of investing, seeks to be opportunistic in pursuing companies that meet its investment criteria regardless of geographic location and, therefore, at certain times, the Strategy could have a sizable position in either developed countries or emerging markets. In the Style Specialist Strategy, an Underlying Fund or one or more sub-advisers use value and growth styles of investing to select securities in specific parts of the global, publicly-traded equity market, such as emerging markets, U.S. small-, mid-, or micro-cap companies, or non-U.S. small-, mid- or micro-cap companies. The Fund may, from time to time, pursue its investment objective by investing substantially all of its assets in Underlying Funds, typically known as a ""fund of funds"" strategy.
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in publicly-traded equity investments, derivatives with economic characteristics similar to publicly-traded equity investments, and/or shares of Underlying Funds that primarily invest in publicly traded equity investments (the ""80% Investment Policy""). The 80% Investment Policy may be changed by the Fund upon 60 days' prior written notice to shareholders. The Fund may invest in securities of companies of any market capitalization and expects, under normal market conditions, to invest at least 40% of its assets in non-U.S. companies. Cornerstone Advisors, Inc. (the ""Adviser"") will consider a company a ""non-U.S."" company if (i) 50% of the company's assets are located outside of the United States; (ii) 50% of the company's revenues are generated outside of the United States; or (iii) the company is domiciled outside of the United States.
From time to time, the Fund may also focus its investments in a particular geographic region, such as Europe, Asia and North America. The Fund uses a multi-manager and/or multi-fund approach, relying on one or more sub-advisers and/or Underlying Funds with differing investment philosophies to manage portions of the Fund's portfolio under the general supervision of the Adviser. The Fund allocates its assets among strategies and sub-advisers and/or Underlying Funds according to an allocation schedule, determined by the Adviser. The Adviser expects to rebalance allocation weightings for each strategy, sub-adviser or Underlying Fund on an annual basis, but may do so more frequently based on market conditions, the performance of a strategy, sub-adviser or Underlying Fund, or other factors. The Adviser may change an allocation schedule based on, among other factors, the Adviser's analysis of the Fund's investment strategies, the potential for each strategy to perform independently of the other, historical performance, and market conditions.
Subject to the 80% Investment Policy, the Fund's assets may be invested in a range of asset classes, securities and other investments to implement the three primary investment strategies. The Fund may invest in equity securities of all types and capitalization ranges, principally U.S., foreign and emerging markets common stocks, preferred stocks, convertible securities and warrants. The Fund may invest directly in foreign and emerging markets equity securities or through depositary receipts. In addition, the Fund may also invest in exchange-traded funds. The Fund may invest in derivative instruments, principally options, futures contracts, options on futures contracts, forward contracts and swap agreements. The Fund may engage in such derivatives transactions to gain exposure to, for example, certain securities, markets or asset classes, to hedge the Fund's positions in or exposure to securities, currencies or other instruments, to equitize cash positions in the Fund's portfolio, or to enhance the Fund's return, which is also known as speculation.
The Fund may also invest in cash, money market instruments and other short-term obligations to achieve its investment objective. The Fund may buy and sell securities frequently in seeking to achieve its objective."
CAGLX Performance
Total returns for CAGLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 34.5% |
| 3 years (annualised) | 19.0% |
CAGLX Risk Information
Risk metrics for CAGLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.6%
CAGLX Costs and Fees
CAGLX costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 1.01%
- Portfolio turnover: 96%
- Brokerage commissions: 8.97 bps of average net assets (SEC N-CEN)
CAGLX Cashflows
Over the 12 months to 2021-07, Cornerstone Advisors Global Public Equity Fund had net inflows of $100.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | $7.89M |
| 2021-06 | $3.68M |
| 2021-05 | $17.66M |
| 2021-04 | $8.35M |
| 2021-03 | $4.48M |
| 2021-02 | $6.85M |
CAGLX Debt Constituents
No individual debt constituents are reported in Cornerstone Advisors Global Public Equity Fund's latest SEC N-PORT filing.
CAGLX Prospectus and SEC Filings
Official Cornerstone Advisors Global Public Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-20
- Portfolio holdings (N-PORT) — filed 2021-09-28
- Portfolio holdings (N-PORT) — filed 2021-06-29
- Portfolio holdings (N-PORT) — filed 2021-03-30
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Money Market 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.