Fund Evaluator:

Marsico Global Institutional Overview

Marsico Global Institutional (MIGOX) is an actively managed International Equity Global Large-Stock Growth fund. Marsico Investment Fund launched the fund in 2021.

The investment seeks long-term growth of capital. The fund invests primarily in the common stocks of U.S. and foreign companies that are selected for their long-term growth potential. Under normal market conditions, it will invest significantly (generally, at least 40% of its net assets) in the securities of issuers organized or located outside the U.S. or doing business outside the U.S. or other foreign securities. The fund will invest its assets in various regions and countries, including the U.S., that encompass not less than three different countries overall.

About Marsico Global Institutional (MIGOX)

There are 3 members of the management team with an average tenure of 8.56 years: Thomas Marsico (2007), Peter Marsico (2023), James Marsico (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Marsico Global Institutional has 26 securities in its portfolio. The top 10 holdings constitute 59.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Marsico Global Institutional is part of the Equity global asset class and is within the International Equity fund group. Marsico Global Institutional has 49.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 46.2%. There is 49.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Marsico Global Institutional has 3.9% of the portfolio in cash.

Assets Under Management

The fund has $144 million in total assets, which is below the $988 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MIGOX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Marsico Global Institutional expense ratio is high compared to funds in the Global Large-Stock Growth category. Marsico Global Institutional has an expense ratio of 1.06%, which is 5% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Marsico Global Institutional has a portfolio turnover rate of 68%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, Marsico Global Institutional returned -5.9%, which earned it a grade of F, as the Global Large-Stock Growth category had an average return of -2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Marsico Global Institutional has a trailing yield of 0.00%, which is below the 0.27% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Marsico Global Institutional Grades

Year to date, the fund has returned 13.3%, 7.3 percentage points better than the category, which translates into a grade of A. The fund has returned 17.8% over the past year (grade of A), 28.5% over the past three years (grade of A) and 12.0% per year over the past five years (grade of A) and 16.3% per year over the past 10 years (grade of A).

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