Portfolio 21 Investments
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Fund Snapshot
About Portfolio 21
Portfolio 21 is a global equity mutual fund designed to be a low-turnover, multi-cap, core portfolio. The fund invests in companies designing environmentally superior products, using renewable energy, and developing efficient production methods.
Retail Shares Symbol: PORTX
Net Asset Value as of 5/17/13: $37.64
- CUSIP: 742935588
- Inception date: 9/30/99
- Gross expense ratio: 1.47%
- Redemption fee: 2.0% (on shares held less than 60 days)
- Minimum Investment:
- Standard Account: $5,000
- Retirement Account: $1,000
- With Automatic Investment Plan: $1,000
Institutional Shares Symbol: PORIX
Net Asset Value as of 5/17/13: $37.58
- CUSIP: 742935356
- Inception date: 3/30/07
- Gross expense ratio: 1.17%
- Redemption fee: 2.0% (on shares held less than 60 days)
- Minimum Investment: $1 Million*
*RIAs may aggregate client accounts to meet the minimum
Portfolio Management Team
- John StreurPresident
- Jim Madden, CFAChief Investment Officer
- Tony Tursich, CFASenior Portfolio Manager
- Beth WilliamsonSenior Research Analyst
- Emily LethenstromSenior Research Analyst
Contact Information
- 877.351.4115
Top Ten Holdings as of 3/31/13
| Company | % of Fund | Country | Sector | First Purchased |
|---|---|---|---|---|
| 5.00 | U.S. | Info. Tech. | 2/15/2008 | |
| Roche | 4.43 | Switzerland | Healthcare | 3/27/2009 |
| Novo Nordisk | 4.41 | Denmark | Healthcare | 10/6/1999 |
| Novartis | 2.71 | Switzerland | Healthcare | 6/6/2007 |
| Samsung | 2.62 | Korea | Info. Tech. | 10/5/2010 |
| Baxter | 2.42 | U.S. | Healthcare | 2/2/2001 |
| Svenska Cellulosa (SCA) | 2.10 | Sweden | Consumer Staples | 10/29/1999 |
| Novozymes | 1.90 | Denmark | Materials | 11/20/2000 |
| Ericsson | 1.79 | Sweden | Info. Tech. | 1/5/2012 |
| East Japan Railway | 1.76 | Japan | Industrials | 7/18/2002 |
Country Weightings as of 3/31/13
| Country | Portfolio % | MSCI World Index (Gross) % |
|---|---|---|
| United States | 43.86 | 51.68 |
| Sweden | 7.52 | 1.38 |
| Switzerland | 7.01 | 4.45 |
| Denmark | 6.83 | 0.51 |
| France | 5.28 | 3.88 |
| Brazil | 3.43 | 0.00 |
| United Kingdom | 3.39 | 8.31 |
| Ireland | 2.86 | 0.79 |
| South Korea | 2.74 | 0.00 |
| Canada | 2.60 | 4.59 |
Sector Weightings as of 3/31/13
| Sector | Portfolio % | MSCI World Index (Gross) % |
|---|---|---|
| Info Tech | 22.42 | 11.69 |
| Industrials | 20.7 | 11.01 |
| Health Care | 19.14 | 10.72 |
| Consumer Staples | 8.41 | 10.74 |
| Financials | 7.13 | 20.57 |
| Consumer Discretionary | 5.57 | 11.22 |
| Materials | 5.31 | 6.69 |
| Utilities | 4.82 | 3.37 |
| Telecomm | 2.47 | 3.75 |
| Energy | 0.96 | 10.23 |
Performance as of 3/31/13
| Retail (PORTX) | Institutional (PORIX) | MSCI World Index (Gross) | MSCI World Index (Net) | ||
|---|---|---|---|---|---|
| Quarter | Return (%) | 7.36 | 7.44 | 7.88 | 7.74 |
| 1 Year | Return (%) | 12.45 | 12.76 | 12.54 | 11.86 |
| Std Dev | 12.77 | 12.80 | 12.42 | 12.47 | |
| Alpha | -0.20 | 0.71 | 0.00 | 0.00 | |
| Information Ratio | -0.03 | 0.39 | N/A | N/A | |
| 3 Year Average Annual | Return (%) | 6.99 | 7.31 | 9.08 | 8.47 |
| Std Dev | 15.97 | 16.00 | 16.62 | 16.65 | |
| Alpha | -0.68 | -0.68 | 0.00 | 0.00 | |
| Information Ratio | -0.69 | -0.38 | N/A | N/A | |
| 5 Year Average Annual | Return (%) | 2.39 | 2.69 | 2.83 | 2.23 |
| Std Dev | 19.66 | 19.67 | 20.72 | 20.72 | |
| Alpha | -0.35 | 0.50 | 0.00 | 0.00 | |
| Information Ratio | -0.12 | 0.12 | N/A | N/A | |
| 10 Year Average Annual | Return (%) | 9.58 | 9.68 | 9.46 | 8.88 |
| Std Dev | 15.93 | 15.94 | 16.22 | 16.22 | |
| Alpha | 0.46 | 1.06 | 0.00 | 0.00 | |
| Information Ratio | 0.03 | 0.19 | N/A | N/A | |
| Since Inception Average Annual | Return (%) | 4.82 | 4.89 | 3.57 | 3.06 |
| Std Dev | 17.51 | 17.52 | 16.59 | 16.58 | |
| Alpha | 1.39 | 1.94 | 0.00 | 0.00 | |
| Information Ratio | 0.20 | 0.29 | N/A | N/A | |
| Gross Expense Ratio (%) | 1.47 | 1.17 |
PORIX performance reflects a blend of retail class shares (PORTX) and institutional class shares (PORIX) adjusted to reflect institutional class (PORIX) fees. PORTX performance is used from fund inception date, 9/30/99, until the launch of PORIX on 3/30/07. PORIX performance is used from 3/30/07 to date.
Fund Characteristicsas of 3/31/13
| Number of holdings | 70 |
| Equities | 96.29% |
| Cash | 3.71% |
| Total Assets | $419,537,681 |
| Weighted Average Market Cap ($ bil) | 73.6 |
| Weighted Average P/E | 22.2 |
| Weighted Average P/B | 4.61 |
| One year turnover | 28.00% |
The Price-to-Book ratio, or P/B, compares a company's book value to its current market price.
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected volatility.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.
Information Ratio is a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark.
The MSCI World Equity Index is a free float-adjusted market capitalization index that is designed to measure global developed market equity performance. An investment cannot be made directly in an index. Gross total return indices reinvest as much as possible of a company’s dividend distributions. The reinvested amount is equal to the total dividend amount distributed to persons residing in the country of the dividend-paying company. Gross total return indices do not, however, include any tax credits. Net total return indices reinvest dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.
The fund's 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 obtained by calling 877-351-4115, or visiting portfolio21.com. Read it carefully before investing.
Portfolio 21 Global Equity Fund may invest in foreign securities, which are subject to the risks of currency fluctuations, political and economic instability and differences in accounting methods. Investing in foreign securities is riskier than investing in domestic securities. The fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. Portfolio 21's environmental policy could cause it to make or avoid investments that could result in the portfolio underperforming similar funds that do not have an environmental policy. There are no assurances that the fund will achieve its objective and/or strategy.
Portfolio 21 Global Equity Fund is distributed by Quasar Distributors, LLC
Distributed by Quasar Distributors, LLC., Distributor
The statutory prospectus and summary prospectus contain more complete information, including risks, fees and expenses related to an ongoing investment in the Fund. Read carefully before you invest or send money. You may also obtain a hard copy of the statutory prospectus and/or summary prospectus by calling 877-351-4115.
Mutual fund investing involves risk. Principal loss is possible. Portfolio 21 may invest in foreign securities, which are subject to the risks of currency fluctuations, political and economic instability and differences in accounting methods. Investing in foreign securities is riskier than investing in domestic securities. The fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. Portfolio 21's environmental policy could cause it to make or avoid investments that could result in the portfolio underperforming similar funds that do not have an environmental policy. There are no assurances that the fund will achieve its objective and/or strategy.
Diversification does not assure a profit or protect against a loss in a declining market.
Portfolio 21 is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of Portfolio 21 in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Securities mentioned are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk.
Opinions expressed as those of the fund, are subject to change, are not guaranteed and should not be considered investment advice.
