• FUM of US$166.6 billion as at 31 July 2025
• Net outflows of US$1.4 billion for July, partly due to a single institutional client
• Net flows year-to-date of US$6.7 billion
• Continuing to position portfolios defensively to reduce risk

GQG Partners Inc. (ARBN 651 066 330) has provided an update on its Funds Under Management (FUM) as at 31 July 2025. The company reported total FUM of US$166.6 billion, down from US$172.4 billion as at 30 June 2025. This decrease was primarily due to net outflows of US$1.4 billion for the month of July, of which US$1.0 billion was attributable to a single institutional client. Despite the net outflows, GQG's year-to-date net flows remained positive at US$6.7 billion. The company continues to position its portfolios defensively in an effort to reduce risk within client portfolios, as it sees areas of extreme valuation and frothiness, similar to the dotcom era. As a result of this positioning, GQG has experienced underperformance across all strategies compared to their respective benchmarks year-to-date. The company recognizes that this relative underperformance could be a headwind for future net flows, and notes that the negative net flows experienced in July could persist. However, GQG remains committed to its disciplined approach, with the goal of compounding capital over the long term. The company's management fees continue to comprise the vast majority of its net revenue, and the management team remains highly aligned with shareholders and clients.