SGLCX — SGA International Equity Fund
Data updated: 2021-10-13
SGLCX — SGA International Equity Fund. Europe Real Estate · $2.28M AUM · 0.95% expense ratio · 27.5% 1-yr return. Holdings, fees, performance and SEC filings.
SGLCX Fund Overview
SGLCX — SGA International Equity Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as Europe 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: Advisors' Inner Circle Fund III
- Category: Europe Real Estate
- Assets under management: $2.28M
- 1-year return: 27.5%
- Ticker: SGLCX
- SEC CIK: 0001593547
- SEC series ID: S000055230
- Share class ID: C000173682
SGLCX Investment Objective and Strategy
SGA International Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.
Investment objective
"The SGA International Equity Fund (the ""International Equity Fund"" or the ""Fund"") seeks total return, consisting of current income and long-term capital appreciation."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. This investment policy can be changed by the Fund upon 60 days' prior written notice to shareholders. For purposes of the Fund's 80% investment policy, equity securities include, but are not limited to, (i) common stocks, (ii) preferred stocks, (iii) convertible securities, (iv) real estate investment trusts (""REITs""), (v) depositary receipts (including American Depositary Receipts (""ADRs""), European Depositary Receipts (""EDRs"") and Global Depositary Receipts (""GDRs"")), which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies, and (vi) derivative instruments and exchange-traded funds (""ETFs"") with economic characteristics similar to equity securities.
The Fund may invest in securities of companies with any market capitalization, but focuses on mid- to large-capitalization companies. Under normal circumstances, the Fund invests in at least three countries, and invests at least 40% of its total assets in securities of non-U.S. companies. The Fund considers a company to be a non-U.S. company if: (i) at least 50% of the company's assets are located outside of the U.S.; (ii) at least 50% of the company's revenue or operating income is generated outside of the U.S.; or (iii) the company maintains its principal place of business or headquarters outside of the U.S. The Fund may utilize swaps to seek to replicate equity exposure in certain foreign markets where direct investment is either impossible or difficult due to local investment restrictions, and may utilize other derivatives, principally forward foreign currency exchange contracts, to seek to hedge (i.e.
offset) currency risk. In selecting investments for the Fund, the Adviser integrates a systematic, quantitative screening process with traditional research and active risk management. The Adviser first uses a proprietary model that incorporates valuation, growth, sentiment and quality factors to narrow the universe of investable stocks, and then conducts fundamental analyses of any potential buys before they are added to the Fund's portfolio. While the Adviser's investment process is primarily driven by ""bottom-up"" stock selection, which focuses on an analysis of individual companies, the Adviser may also take ""top-down"" macroeconomic conditions, as well as other factors deemed relevant by the portfolio managers, into consideration in constructing the Fund's portfolio. The Fund's sector and country exposures, however, are generally kept within 5% of those of its benchmark index.
The Adviser identifies potential sells using the same systematic model it uses to identify potential purchases, and reviews the sells prior to trading. In addition, the Adviser may sell stocks based on information that the Adviser determines is not adequately reflected in its systematic model."
SGLCX Holdings
Top 10 holdings of SGA International Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Roche Holding AG | 3.52% |
| Sony Corporation | 3.26% |
| Novartis AG | 2.93% |
| Koninklijke Ahold Delhaize N.V. | 2.34% |
| Nestle S.A. | 2.02% |
| ITOCHU Corporation | 1.96% |
| Wolters Kluwer N.V. | 1.89% |
| Nintendo Co., Ltd. | 1.85% |
| Unilever PLC | 1.80% |
| Neste Oyj | 1.71% |
SGLCX Portfolio Allocation
Asset-class allocation of SGA International Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.2% |
SGLCX Performance
Total returns for SGLCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 27.5% |
SGLCX Risk Information
Risk metrics for SGLCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
SGLCX Costs and Fees
SGLCX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 6.77%
- Portfolio turnover: 58%
- Brokerage commissions: 12.74 bps of average net assets (SEC N-CEN)
SGLCX Cashflows
Over the 12 months to 2021-07, SGA International Equity Fund had net inflows of $8.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | $5.44M |
| 2021-06 | $17.39K |
| 2021-05 | $1.95M |
| 2021-04 | $0 |
| 2021-03 | $0 |
| 2021-02 | $0 |
SGLCX Debt Constituents
No individual debt constituents are reported in SGA International Equity Fund's latest SEC N-PORT filing.
SGLCX Prospectus and SEC Filings
Official SGA International Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-12-11
- Prospectus (485BPOS) — filed 2019-12-16
- Prospectus (485BPOS) — filed 2018-12-17
- Portfolio holdings (N-PORT) — filed 2021-09-27
- Portfolio holdings (N-PORT) — filed 2021-06-25
- Portfolio holdings (N-PORT) — filed 2021-03-25
- Annual census (N-CEN) — filed 2021-10-13
- Annual census (N-CEN) — filed 2020-10-14
Related Funds
Other Europe Real Estate 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.