GLISX — Great Lakes Disciplined International Smaller Company Fund

GLISX Fund Overview

GLISX — Great Lakes Disciplined International Smaller Company Fund is a US mutual fund managed by Managed Portfolio Series, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Managed Portfolio Series
• Category: Global (incl. US) Real Estate
• Assets under management: $8.97M
• Ticker: GLISX
• SEC CIK: 0001511699
• SEC series ID: S000052143
• Share class ID: C000164130

GLISX Investment Objective and Strategy

Great Lakes Disciplined International Smaller Company Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.

Investment objective

The Great Lakes Disciplined International Smaller Company Fund (the Fund) seeks to provide total return.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of non-U.S. equity securities of smaller-capitalization (smaller) companies, including common and preferred stocks and convertible securities. It is currently anticipated that the Fund normally will invest at least 95% of its net assets in these non-U.S. companies. Non-U.S. smaller companies are companies in the FTSE Russell Global ex-U.S. SMID Index, which are companies organized outside the United States and whose securities are principally traded outside the United States, and include companies in developed and emerging countries. The Fund considers a company to be a smaller company if it has a market capitalization, at the time of purchase, within the capitalization range of the FTSE Russell Global ex-US SMID Index.

The market capitalizations within the index vary, but as of June 30, 2018, they ranged from approximately $15 million to $27 billion. The Fund will follow a core strategy that intends to avoid a sustained, pronounced style bias towards either a growth or value style of investing. The Advisers proprietary quantitative process may tilt the Fund temporarily towards a particular style (growth or value), but such tactical shifts are expected to even out over time. The Fund is actively managed using a proprietary quantitative process that projects a stocks performance based upon a variety of factors, such as the stocks growth or value traits, market capitalization, earnings volatility, earnings yield, financial leverage and currency sensitivity. From time to time, the Fund may focus its investments in securities of companies in the same economic sector.

In addition to investing in equity securities of non-U.S. smaller companies, the Fund may invest in other investment companies, including exchange-traded funds (ETFs), to the extent permitted by the Investment Company Act of 1940, as amended (the 1940 Act). Such investments may be made in order to reduce cash balances in the Fund and increase the level of Fund assets exposed to smaller companies. The Funds investments in equity securities may include investments in real estate investment trusts (REITs). Equity securities are selected for purchase or sale through a disciplined analysis intended to maximize the Funds overall projected return while maintaining risk levels (as measured by volatility) similar to that of the MSCI ACWI ex-USA SMID Cap Index and/or the FTSE Russell Global ex-US SMID Index.

In attempting to meet its investment objective, the Fund may engage in active and frequent trading of portfolio securities.

GLISX Costs and Fees

GLISX costs about $146 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.46%
• Gross expense ratio: 1.86%
• Portfolio turnover: 113%
• Brokerage commissions: 21.80 bps of average net assets (SEC N-CEN)

GLISX Cashflows

Over the 12 months to 2020-03, Great Lakes Disciplined International Smaller Company Fund had net inflows of $1.13M, from monthly SEC N-PORT filings.

GLISX Debt Constituents

No individual debt constituents are reported in Great Lakes Disciplined International Smaller Company Fund's latest SEC N-PORT filing.

GLISX Prospectus and SEC Filings

Official Great Lakes Disciplined International Smaller Company Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2018-07-31
• Prospectus supplement (497) — filed 2019-08-19
• Prospectus supplement (497) — filed 2017-08-08
• Portfolio holdings (N-PORT) — filed 2020-05-27
• Annual census (N-CEN) — filed 2020-06-10
• Annual census (N-CEN) — filed 2019-06-14

Related Funds

Other Global (incl. US) Real Estate funds tracked on ABC INVEST:

• MFS Global Real Estate Fund (MGLAX)
• Global Real Estate Securities Fund (POSAX)
• PGIM Global Real Estate Fund (PURCX)
• Global Real Estate Securities Fund (RIFSX)
• Global Real Estate Index Fund (NGREX)

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.