SIMAX — SIM Global Managed Accumulation Fund
Data updated: 2023-01-18
SIMAX — SIM Global Managed Accumulation Fund. Emerging Markets Growth Equity · $2.94M AUM · 1.74% expense ratio. Holdings, fees, performance and SEC filings.
SIMAX Fund Overview
SIMAX — SIM Global Managed Accumulation Fund is a US mutual fund managed by World Funds Trust, categorised as Emerging Markets Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: World Funds Trust
- Category: Emerging Markets Growth Equity
- Assets under management: $2.94M
- 1-year return: 12.5%
- Ticker: SIMAX
- SEC CIK: 0001396092
- SEC series ID: S000059589
- Share class ID: C000195188
SIMAX Investment Objective and Strategy
SIM Global Managed Accumulation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by World Funds Trust.
Investment objective
The SIM Global Equity Fund (the ?Fund?) seeks as a primary objective to achieve long-term capital appreciation through exposure across global equity markets.
Principal investment strategy
The Fund operates as a ?fund of funds.? The Fund pursues its investment objective by investing in exchange-traded securities of other investment companies including exchange-traded funds (?ETFs?) (?Underlying Funds?) that the Adviser believes invest in securities for their long-term growth potential by substantially weighting the Fund?s investment portfolio toward factors displaying investment growth historically superior to that of their counterparties. The ability of the Fund to meet its investment objective is contingent on the ability of the Underlying Funds to meet their investment objectives. Under normal circumstances, the Fund invests at least 80% of the value of its net assets (plus the amount of borrowings for investment purposes) in Underlying Funds that are advised by Dimensional Fund Advisors LP and that, in turn, the Adviser believes establish a globally diversified equity investment portfolio.
Based on the aggregated market capitalizations of broad based indices that measure the US, International (i.e., non-US) and Emerging Markets, the Adviser will construct the Fund?s portfolio generally to allocate the Fund?s assets proportionally among Underlying Funds that, based on the terms of their prospectuses focus on US, International (i.e., non-US), and Emerging Markets. The Adviser will select Underlying Funds managed by Dimensional Funds Advisors LP which offer substantial investment weight toward factors such as small market capitalization, value companies, and high profitability companies. In determining the specific Underlying Funds into which the Adviser will invest the Fund?s assets, the Adviser will consider the investment focus of the Underlying Funds, including whether the Underlying Funds focus on market capitalizations, growth versus value biases and other relevant measures of profitability.
The Adviser believes Underlying Funds that focus on small capitalization, value, and high profitability companies may offer greater long-term expected returns over each factor?s counterpart. Under normal circumstances, the Fund will invest in Underlying Funds, that by the terms of their prospectuses, invest in, and/or provide exposure to, several countries which may include the U.S. although the Fund generally will attempt to invest at least 40% of its net assets in Underlying Funds that invest in the securities of issuers based, primarily operated and/or listed outside of the United States. These Underlying Funds may include investments in emerging markets countries. The Adviser may sell an Underlying Fund for a variety of reasons, such as to invest in another security believed to offer superior investment opportunities.
The Underlying Funds are investment companies or other investment vehicles whose shares are listed and traded on U.S. stock exchanges or otherwise traded in the over-the-counter market and may be purchased and sold throughout the trading day based on their market price. Generally, each Underlying Fund seeks to track a securities index or a basket of securities that an ?index provider? (such as Standard & Poor?s Financial Services LLC, the Center for Research in Securities Prices, FTSE Group, or Bloomberg Barclays) selects as representative of a market, market segment, industry sector, country or geographic region. An Underlying Fund generally holds the same stocks as the index it tracks (or it may hold a representative sample of such securities). Accordingly, each Underlying Fund is designed so that its performance, before fees and expenses, will correspond closely with that of the index it tracks.
The Adviser will assess the Fund?s allocation in Underlying Funds on an on-going basis to ensure continued alignment of Underlying Fund investment policies with that of the Fund. The Adviser targets maintaining low turnover, however, turnover may increase at any time if the Adviser deems necessary for the Fund?s objective. For purposes of complying with the Fund?s investment policies, the Adviser will identify Underlying Funds in which to invest by reference to such Underlying Funds? investment policies at the time of investment. An Underlying Fund that changes its investment policies subsequent to the time of the Fund?s investment may continue to be considered an appropriate investment for purposes of the policy. The Adviser may add new Underlying Funds or replace or eliminate existing Underlying Funds without notice or shareholder approval.
The Underlying Funds have been selected to represent a reasonable spectrum (meaning domestic, international, emerging markets and a variety of market sectors (i.e., healthcare, financial, technology, among others)) of investment options for the Fund. The Fund may hold cash or invest in short-term paper and other short-term investments (instead of allocating investments to an Underlying Fund) as deemed appropriate by the Adviser. The Fund may engage in active trading of securities which can increase transaction costs (thus lowering overall performance). Underlying Funds in which the Fund invests may invest in derivative instruments.
SIMAX Performance
Total returns for SIMAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.5% |
SIMAX Risk Information
Risk metrics for SIMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
SIMAX Costs and Fees
SIMAX costs about $174 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.74%
- Gross expense ratio: 2.39%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
SIMAX Cashflows
Over the 12 months to 2022-01, SIM Global Managed Accumulation Fund had net inflows of $2.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-01 | −$81.16K |
| 2021-12 | −$150.65K |
| 2021-11 | −$145.87K |
| 2021-10 | −$33.41K |
| 2021-09 | −$56.99K |
| 2021-08 | −$135.08K |
SIMAX Debt Constituents
No individual debt constituents are reported in SIM Global Managed Accumulation Fund's latest SEC N-PORT filing.
SIMAX Prospectus and SEC Filings
Official SIM Global Managed Accumulation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-03-16
- Prospectus (485BPOS) — filed 2021-01-04
- Prospectus (485BPOS) — filed 2020-03-18
- Portfolio holdings (N-PORT) — filed 2022-03-24
- Portfolio holdings (N-PORT) — filed 2021-12-14
- Portfolio holdings (N-PORT) — filed 2021-09-09
- Annual census (N-CEN) — filed 2023-01-18
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other Emerging Markets Growth 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.