GQG Partners US Quality Value Fund Investor Shares · NASDAQ:GQHPX
GQG Partners US Quality Value Fund Investor Shares — GQG Partners — H1 2026 Earnings Presentation
27 slides from GQG Partners US Quality Value Fund Investor Shares's earnings presentation, August 2026
Slide 1: Half Year Results
Half Year Results GQG Partners For the half year ended 30 June 2026 RAJIV JAIN TIM CARVER CHARLES FALCK STEVE FORD Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Global Distribution AS AT 30 JUNE 2026
Slide 2: Business Overview
Business Overview TIM CARVER Chief Executive Officer AS AT 30 JUNE 2026 2
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS For the Half Year Ended 30 June 2026 Funds Under Management* Call Agenda — Funds Under Management of US$156.0 billion — Business Overview — Net outflows of US$15.1 billion over the first half of 2026, offset by US$7.2 billion — Tim Carver, CEO in investment performance — Financi
Slide 4: GQG at a Glance
GQG AT A GLANCE Ten Years of GQG Who We Are FUM by Strategy — Founded in June 2016, grew funds under management to more International Equity Emerging Markets Equity Global Equity US Equity than $150B in less than a decade — Concentrated, active equity investment management — Diversified distribution
Slide 5: Performance Overview: Strategy Performance as at June 2026
PERFORMANCE OVERVIEW Strategy Performance as at 30 June 2026 International Equity Emerging Markets Equity 50 43.5 30 27.7 40 Total Return % Total Return % (net of fees) 18.8 (net of fees) 20 30 23.0 14.0 12.1 9.6 9.9 10.3 20 8.1 8.8 7.5 11.5 10 8.2 7.2 8.8 10.1 6.7 7.3 10 3.3 0 0 1 year 3 year 5 yea
Slide 6: Compounding Over Time
GQG'S INVESTMENT OBJECTIVE Compounding Over Time 3-Year Strategy Annualised Performance as at 30 June 2026 16 14 14.0 12 Total Return % 12.0 (net of fees) 10 11.5 11.4 8 6 4 2 0 International Equity Emerging Markets Equity Global Equity US Equity As at 30 June 2026. Represents composite performance
Slide 7: Stronger Downside Risk Management Relative to Peers
DOWNSIDE RISK MANAGEMENT Stronger Downside Risk Management Relative to Peers International Equity Emerging Markets Equity 100 95.34 100 3Y Down Capture Ratio vs 3Y Down Capture Ratio vs 90 90 82.55 MSCI ACWI ex USA MSCI EM Index 80 GQG 80 GQG 70 70 60 57.42 International Large Cap 60 Emerging Market
Slide 8: 3-Year Strategy Growth from 2023-2026
3-YEAR STRATEGY GROWTH FROM 2023-2026 Strong Growth Supported by Investment Performance International Equity Emerging Markets Equity $80B $21B $70B $40B $11B $37B $70B $35B $60B $30B $28B $50B $9B $25B -$2B $40B $39B $20B $30B $15B $20B $10B $10B $5B $0B $0B Jun-23 3 Year Net Flows Investment Perfor
Slide 9: Half Year Financial Results
Half Year Financial Results CHARLES FALCK Chief Financial Officer AS AT 30 JUNE 2026 9
Slide 10: Financial Results Highlights
FINANCIAL RESULTS Highlights Half Year Results 2026 vs. 2025 (US$ Billions) 1H26 1H25 (US$ Millions) 1H26 1H25 Closing FUM† 156.0 172.4 Distributable earnings 234.9 236.5 Average FUM† 164.5 162.9 Dividend - declared* 211.8 216.9 (US$ Millions) (US$) Net revenue 397.2 403.0 Dividend per share – decla
Slide 11: Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS For the six months ended 30 June 2026 and 2025 USD$M 1H26 1H25 $ Variance % Variance Commentary Management fees 396.6 389.3 7.3 1.9 – Net revenue decreased, due to lower performance fees as a result of lower relative Performance fees 0.6 13.7 (13.1) (95.4) inves
Slide 12: Consolidated Statements of Financial Condition
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION As at 30 June 2026 and 31 December 2025 USD$M 30-Jun-26 31-Dec-25 Assets Commentary Cash 168.9 133.4 – GQG continues to have a strong balance sheet, with high cash levels and no debt. Restricted cash 1.5 1.5 Balance Sheet Highlights Advisory fee receiva
Slide 13: Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS For the six months ended 30 June 2026 and 2025 USD$M 1H26 1H25 Net income before noncontrolling interests 228.2 229.2 Commentary Depreciation and amortization 0.7 0.5 – The primary use of GQG’s cash continues to be working capital and dividends. Dividends Net (g
Slide 14: Historical FUM
HISTORICAL FUM 31 Dec 2020 to 30 Jun 2026 As at 30 June 2026. Funds under management (FUM) represent both discretionary and non-discretionary funds, as well as funds under management that are both fee paying and non-fee paying. Amounts are unaudited, and in certain instances reflect the most recentl
Slide 15: Distribution Update
Distribution Update STEVE FORD, CAIA Managing Director, Global Distribution AS AT 30 JUNE 2026 15
Slide 16: More Periods of Overperformance than Underperformance Over Time
PERFORMANCE OVERVIEW More Periods of Overperformance than Underperformance Over Time Rolling 5-Year Performance Since Strategy Inception as at 30 June 2026 International Equity Emerging Markets Equity 20 5Y Total Return % 5Y Total Return % 18 GQG Outperforms GQG Outperforms 15 15 (net of fees) (net
Slide 17: Compounding Capital Over Time
COMPOUNDING CAPITAL OVER TIME Alignment with Our Mission GQG Partners Global Equity Composite Investment Growth Since Inception Seeking quality compounding that exhibits higher growth with less downside and volatility than the benchmark GQG Composite (Net of Fees) 11.64% Annualized Return 13.02% Sta
Slide 18: Risk-Adjusted Performance
PERFORMANCE OVERVIEW Risk-Adjusted Performance Risk-Return Since GQG Inception International Equity Emerging Markets Equity 16 16 14 14 eVestment Emerging Total Return % Total Return % GQG Partners eVestment ACWI ex USA (net of fees) (net of fees) 12 12 Markets Equity Universe International Equity L
Slide 19: Distribution Overview
DISTRIBUTION OVERVIEW Funds Under Management† FUM by Strategy FUM by Channel & Region (US$B) (US$B) 13.3 14.6 2.7 65.4 49.7 7.8 35.5 70.1 37.1 130.9 40.9 International Emerging Markets Global US Equity Institutional Wholesale Sub-Advisory Americas Australia EMEA Other APAC 2026 Net Flows by Region1
Slide 20: Distribution Overview: Roll-Forward of FUM
DISTRIBUTION OVERVIEW Funds Under Management† Roll-Forward of FUM (US$B) BY YEAR 2019 2020 2021 2022 2023 2024 2025 1H2026 Beginning FUM 17.6 30.7 67.0 91.2 88.0 120.6 153.0 163.9 Net Flows 7.6 25.3 17.1 8.0 10.2 20.2 (3.9) (15.1) Performance 5.5 11.0 7.1 (11.2) 22.4 12.2 14.8 7.2 Ending FUM 30.7 67
Slide 21: Growth Opportunities: ETF and Retail Managed Account Products
GROWTH OPPORTUNITIES Exchange Traded Fund and Retail Managed Account Products We are actively identifying opportunities to expand our product suite to meet investor demand Active US Equity ETF Universe US Retail Managed Account Universe $700B $6 $5.6 $593B $600B $5 $4.7 $500B $450B $3.8 $4 US$ Trill
Slide 22: Investment Environment
Investment Environment RAJIV JAIN Chairman & Chief Investment Officer AS AT 30 JUNE 2026 22
Slide 23: Global Equity Sector Weights
GLOBAL EQUITY SECTOR WEIGHTS As at 31 July 2026 GICS Sector Global Equity MSCI ACWI -/+ Communication Services 8.26 7.87 0.39 Consumer Discretionary 4.63 8.97 -4.34 Consumer Staples 10.98 4.83 6.15 Energy 13.83 3.95 9.87 Financials 17.36 17.18 0.17 Health Care 10.37 8.39 1.98 Industrials 4.70 10.86
Slide 24: Conclusion
CONCLUSION We are passionate about investing We will always endeavour to grow, learn, adapt, and attain a competitive advantage in our markets We are the caretakers of peoples’ futures We strive to deliver sustainable high-performance outcomes with lower absolute volatility through many market cycle
Slide 25: Questions
QUESTIONS Management Team RAJIV JAIN TIM CARVER CHARLES FALCK STEVE FORD, CAIA Chairman and CIO Chief Executive Officer Chief Financial Officer Managing Director, Global Distribution AS AT 30 JUNE 2026 25
Slide 26: Important Information
IMPORTANT INFORMATION The information provided in this document does not constitute investment advice and no investment decision should be made based on it. Neither the information contained in this document or in any accompanying oral presentation is a recommendation to follow any strategy or alloc
Slide 27: Important Information
IMPORTANT INFORMATION MSCI All Country World (Net) Index (MSCI ACWI) MSCI ACWI captures large and mid cap representation across Developed Markets and Emerging Markets countries. The index covers approximately 85% of the global investable equity opportunity set. Further information may be found at MS