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The Tralucent Global Equity Fund

The Tralucent Global Equity Fund (TGEF) was official created on March 31, 2020.

The TGEF was created through the pooling of holdings from the majority of Tralucent’s separately managed accounts.

 

TGEF performance

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TGEF and You

Account holders were given an equivalent number of units of the TGEF to the value of their holdings as at March 31, 2020. At inception, units of the fund were valued at 10 CAD per unit.

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Tralucent management contribution

Tralucent management also contributes the TGEF.

This means that management’s interests are now 100% aligned to those of its clients.

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Fund contents

The TGEF now owns more than 170 equities from around the world. The list has been compiled and shared separately with the money buddies of Tralucent.

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The nature of what you own

These securities are – with very few exceptions – established companies from around the world, from various sectors and industries, and are forces to be reckoned with. We believe due to the strong management and the competitive nature of these companies, these companies will more than likely stand the test of time and be around fifty years from now.

Greater diversification

As a unit holder of the TGEF, you are now an owner of more than 170 businesses from around the world. Previous to owning shares of the TGEF your portfolio was already quite diversified. But now, as TGEF holders, you are even more diversified than before!

As you have heard us say time and again, a well diversified portfolio gives us the confidence to say that it is inconceivable to think that your money would ever go to zero. Now, with this greater lever of diversification experienced as holders of the TGEF, it is even more superfluous to have thoughts of your portfolio ever going to zero.

TGEF Current Top 10 Holdings

  1. Microsoft

  2. Berkshire Hathaway

  3. NVIDIA Corp

  4. Blackstone Group

  5. Moody’s Corp

  1. Alphabet (Google)

  2. Broadcom Inc

  3. Samsung

  4. Visa Inc

  5. Match Group Inc

Tralucent’s management efforts

The most notable act on our part has been our refusal to cave into a bearish outlook. We steadfastly continued to look beyond the lockdown and remained convinced that we as mankind will not only survive the pandemic but thrive.

Our advice

It remains the same. You should either maintain your TGEF holdings or increase your holdings at every opportunity that you have.

Our excitement

We are thrilled that the TGEF has our interests and performance 100% aligned with our investors. We will continue to strive for higher gains through our enhanced focus and use of shorting strategies for poorly run companies. We will talk of such strategies in future commentaries.

Please reach out

As always, we are more than welcome to discuss any of this further via a telephone call or Zoom chat. Please do not hesitate to ever reach out.

Our outlook into the future

Most of our money buddies are quite familiar with our glass is half-full approach to investing. We remain in that camp. The world will slowly emerge from the lockdowns, methodically learn how to handle the virus, and go on to higher highs. After all, humanity has survived bubonic plagues, HIV, and the Spanish Flu just to name a few.

The world has always belonged to the ferociously competitive. Now that we have reduced the number of individually managed accounts – such that most accounts are represented in the TGEF – it will be even easier for us to direct our focus to identify and buy those ferociously competitive companies from all over the world, in various sectors, and that are forces to be reckoned with.