GQG PARTNERS US SELECT QUALITY EQUITY FUND
ADVISORS' INNER CIRCLE III · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
GQG PARTNERS US SELECT QUALITY EQUITY FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q3
The GQG Partners US Select Quality Equity Fund (the US Select Quality Equity Fund or the Fund) seeks long-term capital appreciation.
The fund invests primarily in U.S. equity securities selected through bottom-up fundamental analysis, seeking companies with strong returns on capital, margin stability, sustainable earnings growth, and reasonable valuations that the adviser believes the market has underappreciated due to short-term focus. The fund is non-diversified and may concentrate a larger percentage of assets in a smaller number of issuers. Because the fund relies on individual stock selection rather than index tracking, its returns depend on the adviser's ability to identify higher-quality companies and assess their competitive advantages and earnings prospects on a forward-looking basis.
| Share class | Gross | Net |
|---|---|---|
| GQERX | 0.50% | 0.49% |
| GQEIX | 0.50% | 0.49% |
| GQEPX | 0.71% | 0.70% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 240.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.78% |
| Cash & short-term | 0.26% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Consumer Staples | 20.7% |
| Utilities | 20.1% |
| Financials | 18.4% |
| Energy | 13.3% |
| 5 smaller | 27.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +0.38% | +52.66% | +74.93% | 13.34% | -9.89% | |
| +0.38% | +52.60% | +74.76% | 13.39% | -9.89% | |
| +0.25% | +51.67% | +73.20% | 13.36% | -10.05% |
These classes hold the same portfolio, so the 1.73pp spread over 5 years is the cost difference between them — roughly 0.35pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| XOM | EXXON MOBIL CORPXOM | 6.50% | $136.72 | $168.24M | 1.2M |
| PM | Philip Morris International Inc.PM | 6.29% | $180.91 | $162.75M | 899.6K |
| MO | Altria Group, Inc.MO | 6.24% | $71.95 | $161.39M | 2.2M |
| T | AT&T INC.T | 5.40% | $20.70 | $139.66M | 6.7M |
| VZ | VERIZON COMMUNICATIONS INC.VZ | 5.33% | $42.34 | $138.00M | 3.3M |
| — | THE ALLSTATE CORPORATION | 4.40% | $237.94 | $113.90M | 478.7K |
| CI | THE CIGNA GROUPCI | 4.36% | $275.68 | $112.76M | 409.0K |
| PGR | THE PROGRESSIVE CORPORATIONPGR | 4.11% | $218.45 | $106.24M | 486.4K |
| — | AMERICAN WATER WORKS COMPANY, INC. | 3.62% | $131.58 | $93.60M | 711.3K |
| KO | THE COCA-COLA COMPANYKO | 3.59% | $81.27 | $92.99M | 1.1M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 49.84% of net assets, top 25 86.79%, across 35 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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