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Fund Factsheet

A snapshot of key fund data, performance, and portfolio characteristics.

Top 10 Positions & Portfolio Concentration

We analyze how portfolio expansion impacts concentration within the top holdings.

PORTFOLIO CONCENTRATION

Holding Growth

Portfolio holdings increased from 30 to 31 following 5 new additions and selective portfolio exits.
  • +5 Additions
  • -4 Exited
  • Net Growth +1

Performance (2025 Return)

AGV CAPITAL

26.3%

MSCI China

31.4%

Hang Seng Index

27.8%

MSCI ACWI

22.9%

Vanguard Total World (VT)

22.4%

S&P 500

17.9%

Sector Allocation

  • Consumer Cyclical

32.8%

  • Technology

24.2%

  • Financial

22.4%

  • Industrial

11.7%

  • Healthcare

8.9%

  • TOTAL

100%

Geographic Exposure

A visual representation of portfolio allocation by geography.

Allocation Breakdown

  • China

69.8%

  • USA

13.8%

  • Brazil

5.0%

  • Netherlands

3.3%

  • Canada

2.9%

  • Denmark

2.7%

  • Mexico

2.2%

  • Kazakhstan

0.3%

  • Total

100%

  • COLOR LEGEND
  • No exposure
  • High exposure

Valuation Multiples

Price-to-Earnings (P/E)

  • FY '24
  • FY '25

P/E MULTIPLE

11.9x 10.7x

Price-to-Free Cash Flow (P/FCF)

  • FY '24
  • FY '25

P/E MULTIPLE

7.4x 11.8x

Earnings multiples moderated while free cash flow valuation expanded between FY ’24 and FY ’25.

Portfolio Quality Metrics

  • ROE %

FY '24 → FY '25

17.8% → 22.3%

  • ROIC

FY '24 → FY '25

13.9% → 13.3%

  • Reinvestment ROIC

FY '24 → FY '25

24.6% → 30.4%

  • Dividend Yield

FY '24 → FY '25

24.6% → 30.4%

  • FY '24
  • FY '25

Portfolio quality remained strong, with notable improvement in reinvestment efficiency and return on equity.

Growth Metrics (Year-over-Year)

EPS GROWTH

31.0%

REVENUE GROWTH

30.1%

Disclaimer

  1. FY’24 and FY’25 multiples are calculated using share prices as of December 31, 2024 and December 31, 2025 respectively.
  2. Financial metrics reflect the trailing twelve months (TTM) ended September 30, 2024 and September 30, 2025 respectively, based on reported filings available at the time of calculation.