Overview
The fund seeks long-term capital appreciation. The fund invests primarily in US and non-US equity securities. The fund is built by combining the highest conviction positions of the underlying sub-advisors.
iMGP Global Select Fund, formerly known as iMGP Equity Fund, seeks superior long-term growth relative to the overall U.S. stock market. Each of the managers separately runs a portion of the fund's portfolio, and each represents a different stock-picking approach or market cap segment. Working independently, each manager runs a portfolio composed of no fewer than 5 or more than 15 of their most compelling stock picks. Because of the mix of managers, we expect 50% to 85% of the fund's portfolio, in normal conditions, to be invested in mid- and large-cap stocks. The fund is primarily invested in the U.S. market, although the managers have limited flexibility to invest in the stocks of foreign companies. We expect typical overseas exposure to be less than 15% of total assets. The multimanager structure results in a broadly diversified portfolio in terms of styles, industries, and stocks. Typically, the fund holds between 75 and 105 stocks.
This fund is appropriate for investors who:
- Want a core equity investment with exposure to a broad slice of the market
- Seek strong market-cycle performance but are less concerned about short-term returns
- Understand the short-term risks associated with the stock market
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iMGP Fundsʼ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be viewed here or by calling 1-800-960-0188. Read it carefully before investing.
Diversification does not assure a profit nor protect against loss in a declining market. Mutual fund investing involves risk. Principal loss is possible.
Potential risks include, but are not limited to, market risk, credit risk, liquidity risk, interest rate risk, and management risk. Outcomes depend on the skill of the sub-advisors and advisor and the allocation of assets among them. References to other mutual funds should not be deemed an offer to sell or solicitation of an offer to buy shares of such funds.