8 years of top ratings | PAN-Tribal Global Equity Fund maintains Zenith’s highest honour

We are extremely pleased to announce that the PAN-Tribal Global Equity Fund has once again maintained its prestigious Highly Recommended rating from Zenith Investment Partners (Zenith).

The global equities market is one of the most competitive fields in the investment landscape, containing a vast number of managers and strategies available to investors. Despite this challenging environment, the PAN-Tribal Global Equity Fund and its investment approach continue to stand out.

Our Fund offers investors a style-neutral, currency-unhedged, and benchmark-unaware exposure to international equities. While recent volatile equity markets have presented some challenging periods of performance, Zenith’s confidence in the Fund remains strong. According to their latest report, this conviction is firmly “underpinned by the high regard we hold for the depth and quality of the investment team.”

Commenting on this achievement, PAN-Tribal CEO Colin Woods said: “Despite the challenges posed to the Fund by challenging and increasingly concentrated markets, the Fund continues to be well supported by the advisory community.”

“That the Fund has retained its Highly Recommended rating for eight consecutive years is a great result for the advisers and investors who have supported the Fund.

“It’s clear evidence of the quality of the Davis Advisors’ team and their consistent and reliable investment process, which they apply consistently in all market conditions.”

Some key highlights from the Zenith report include…

On the Fund overall

The report notes that Zenith “retains conviction in the Fund, which is underpinned by the high regard we hold for the depth and quality of the investment team.”

Further, Zenith “views Davis Advisors’ investment process positively, noting its successful implementation since 1969.”

“Zenith has a favourable view of the arrangement between Davis Advisors and PAN-Tribal, believing that it pairs a solid investment manager with a distribution partner that has a strong footprint in the domestic market.”

On the investment team

“Zenith has met with several members of the investment team and considers them to be high calibre, which we view as a key competitive advantage for the Fund.”

On portfolio manager Danton Goei, the report notes: “Zenith rates Goei as a strong and highly experienced investor.”

On the investment process

“Davis Advisors favours market leaders with strong balance sheets, opportunistic investments and contrarian investments, expecting that the majority of the Fund’s performance to be driven by the investment team’s stock selection skills. Zenith believes the security selection process adopted by Davis Advisors is robust and detailed.”

“The portfolio construction process is primarily driven by the fundamental analysis conducted by the investment team. The primary determinants of a stock’s weighting in the Fund are the magnitude of the discount to fair value and the level of analyst conviction. Zenith is comfortable with Davis Advisors’ portfolio construction approach, which ensures a strong connection between the output of its security selection process and the resultant weight of the stocks in the portfolio.”

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Important information

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (ETL0419AU assigned 27 Nov 25) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only.  This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice.  It is not a specific recommendation to purchase, sell or hold the relevant product(s).  Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs.  Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website.  Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments.  Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines