¹An Alpha ETF is an exchange-traded fund (ETF) that aims to outperform a specific benchmark index, such as the S&P 500 Index. The GQG US Equity ETF is an actively managed ETF that does not seek to replicate the performance of the S&P 500 Index. 

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The performance data quoted above represent past performance and do not guarantee future results. Current performance of the GQG US Equity ETF (the “ETF”) may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by clicking here or calling +1 (866) 362-8333. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Returns greater than one year are annualized. NAV returns may reflect waiver agreements to limit the ETF’s expenses and are reflected in the performance shown. Performance would be reduced further if the waiver agreements were not in effect. 

The GQG US Equity ETF (the “ETF”) commenced operations on 14 July 2025. Performance shown for periods prior to this date reflect the returns of the GQG Partners US Equity Fund (the “Predecessor Fund”) through 11 July 2025, with an adjustment for ETF fees. Market Price returns prior to 11 July 2025 reflect the Predecessor Fund’s NAV returns. The Predecessor Fund, which began on 31 July 2019, was managed in a materially equivalent manner using substantially similar investment objectives, policies, and restrictions as the ETF, but was not subject to the same investment and tax requirements. The ETF has adopted the Predecessor Fund’s inception date of 31 July 2019, for performance reporting purposes. Past performance, before and after taxes, does not guarantee future results. 

Additional information about the Predecessor Fund and the reorganization may be found in the GQG US Equity ETF Prospectus . 

Fund Operating Expenses 

GQG US Equity ETF: Total Annual Fund Operating Expenses 0.49%. GQG Partners is contractually waiving fees until 31 July 2026.  

²GQGU is competitively priced with an expense ratio of 0.49%, which is lower than the average expense ratio of 0.75% for GQGU’s respective Morningstar Category, US Fund Large Blend.  

Source: Morningstar. The peer average for US Fund Large Blend category is 0.75% as of 31 December 2025. US Fund Large Blend peer group Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios’ returns are often similar to those of the S&P 500 Index. 

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The performance data quoted above represent past performance and do not guarantee future results. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling +1 (866) 362-8333. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Returns greater than one year are annualized. Performance may reflect agreements to limit the Fund’s expenses, which would further reduce performance if not in effect. The Fund’s other share classes may have different performance characteristics. 

²Fund Operating Expenses 

GQG Partners Global Quality Equity Fund: Net Expense Ratio 0.90%, Gross Expense Ratio 0.90%. GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 0.90%. Morningstar classifies the fee as Average in the Global Large-Stock Growth Category as of 31 December 2025 against 297 funds. 

GQG Partners Emerging Markets Equity Fund: Net Expense Ratio 1.18%, Gross Expense Ratio 1.18%. GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 1.18%. Morningstar classifies the fee as Average in the Diversified Emerging Markets Category as of 31 December 2025 against 704 funds. 

GQG Partners US Select Quality Equity Fund: Net Expense Ratio 0.70%, Gross Expense Ratio 0.71%. GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 0.70%. Morningstar classifies the fee as Average in the US Fund Large Blend Category as of 31 December 2025 against 1210 funds. 

GQG Partners Global Quality Value Fund: Net Expense Ratio 0.77%, Gross Expense Ratio 0.91% GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 0.77%. Morningstar classifies the fee as Below Average in the Global Large-Stock Value Category as of 31 December 2025 against 140 funds. 

GQG Partners International Quality Value Fund: Net Expense Ratio 0.74%, Gross Expense Ratio 0.81% GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 0.74%. Morningstar classifies the fee as Below Average in the US Fund Foreign Large Value Category as of 31 December 2025 against 336 funds. 

GQG Partners US Quality Value Fund: Net Expense Ratio 0.64%, Gross Expense Ratio 0.71% GQG Partners is contractually waiving fees until 31 July 2026 to keep Total Annual Fund Operating Expenses from exceeding 0.64%. Morningstar classifies the fee as Below Average in the US Fund Large Value Category as of 31 December 2025 against 1059 funds. 

The Morningstar Fee Level evaluates an investment share class’ expense ratio relative to other investments that invest in a similar asset class. Within each Comparison Group, an investment share class’ expense ratio is ranked against its peers using five quintiles. Each quintile corresponds to one of the following scores: Low: Least Expensive, Below Average: Second- Least Expensive, Average: Middle, Above Average: Second- Most Expensive, High: Most Expensive. 

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You should carefully consider the investment objective, risks, charges, and expenses of the Fund before investing. The Fund’s prospectus and summary prospectus contain this and other important information about the Fund, which can be obtained by dialing +1 (866) 362-8333 or visiting the prospectus page (or click here for the GQGU prospectus). Please read the prospectus carefully before investing. The Fund’s Statement of Additional Information can also be obtained by dialing +1 (866) 362 8333 or visiting the gqg.com/documents page. 

Understanding Investment Risk 

Investing involves risks, including loss of principal. 

SEI Investment Distribution Co. (SIDCO) is the distributor for GQG Partners Global Quality Equity Fund, GQG Partners Emerging Markets Equity Fund, GQG Partners US Select Quality Equity Fund, GQG Partners Global Quality Value Fund, GQG Partners International Quality Value Fund, GQG Partners US Quality Value Fund, and GQG US Equity ETF (GQGU). SIDCO is not affiliated with GQG Partners. Check the background of SIDCo on FINRA’s BrokerCheck. 

This web page is for the use of US investors only. 

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