Fund Evaluator:

Seafarer Overseas Gr and Income Investor Overview

Seafarer Overseas Gr and Income Investor (SFGIX) is an actively managed International Equity Diversified Emerging Mkts fund. Seafarer Funds launched the fund in 2012.

The investment seeks to provide long-term capital appreciation along with some current income; the fund seeks to mitigate adverse volatility in returns as a secondary objective. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets in dividend-paying common stocks, preferred stocks, convertible securities, and debt obligations of foreign companies (which the fund regards as companies located outside the U.S.), foreign governments and their agencies.

About Seafarer Overseas Gr and Income Investor (SFGIX)

There are 4 members of the management team with an average tenure of 9.64 years: Lydia So (2022), Paul Espinosa (2016), Kate Jaquet (2016), Andrew Foster (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Morningstar EM NR USD index with a weighting of 100%, Bloomberg EM LC, Midcp and Sml cp TR USD index with a weighting of 100%. Seafarer Overseas Gr and Income Investor has 61 securities in its portfolio. The top 10 holdings constitute 36.4% 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.

Seafarer Overseas Gr and Income Investor is part of the Equity global asset class and is within the International Equity fund group. Seafarer Overseas Gr and Income Investor has 97.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 97.7% 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). Seafarer Overseas Gr and Income Investor has 2.4% of the portfolio in cash.

Assets Under Management

The fund has $155 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts 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.

SFGIX 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 Seafarer Overseas Gr and Income Investor expense ratio is high compared to funds in the Diversified Emerging Mkts category. Seafarer Overseas Gr and Income Investor has an expense ratio of 0.97%, which is 16% lower than its category average, making the fund expense ratio grade a B. 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. Seafarer Overseas Gr and Income Investor has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of July 2026, Seafarer Overseas Gr and Income Investor returned -0.6%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of -4.9%. 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.

Seafarer Overseas Gr and Income Investor has a trailing yield of 4.72%, which is above the 1.72% category average. The fund normally distributes its income semi-annually and its capital gains 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.

Seafarer Overseas Gr and Income Investor Grades

Year to date, the fund has returned 16.2%, 2.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 32.0% over the past year (grade of D), 13.7% over the past three years (grade of F) and 6.3% per year over the past five years (grade of C) and 7.7% per year over the past 10 years (grade of D).

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