For professional investors in Brazil

US Venture Fund

Seeks resilient companies positioned to weather a variety of market environments

ISIN
IE0009354923

NAV
USD 34.85
As of 18 Aug 2022

1-Day Change
USD 0.15 (0.43%)
As of 18 Aug 2022

Morningstar Analyst Rating
Morningstar Analyst Rating				Bronze


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the Russell 2000 Growth Index by 2% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, in any industry, in the United States. Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, the United States. The Fund will invest at least 50% in smaller US companies.
The Fund may also invest in other assets including companies outside the United States, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the Russell 2000 Growth Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target. The investment manager has discretion to choose individual investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Seeks small-cap companies that stand out from competitors, using their advantages to grow over a multi-year time frame
  • In-depth fundamental research supported by a dedicated team of experienced analysts
  • Focus on resilient business models positioned to weather a variety of market environments
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Jonathan Coleman, CFA

Portfolio Manager

Industry since 1994. Joined Firm in 1994.

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2007.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31 Jul 2022
A2 USD (Net) Russell 2000 Growth TR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31 Dec 1999
A2 USD (Net) 10.07 -21.52 -22.28 3.16 6.56 9.98 5.43
Russell 2000 Growth TR 11.20 -21.55 -23.18 4.71 6.87 10.66 5.30
 
  Annualised
3YR 5YR 10YR Since Inception
31 Dec 1999
A2 USD (Gross) - 9.17 12.73 8.21
Russell 2000 Growth TR + 2.00% - 9.01 12.87 7.41
Calendar Year Returns (%)
As of 31 Dec 2021
A2 USD (Net) Russell 2000 Growth TR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
A2 USD (Net) -28.70 4.21 30.84 27.75 -7.08 21.86 4.10 -2.66 9.87 41.33 17.42
Russell 2000 Growth TR -29.45 2.83 34.63 28.48 -9.31 22.17 11.32 -1.38 5.60 43.30 14.59
 
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
A2 USD (Gross) -27.84 6.78 34.01 30.86 -4.79 24.90 6.71 -0.26 12.63 45.18 20.64
Russell 2000 Growth TR + 2.00% -28.75 4.89 37.33 31.05 -7.49 24.60 13.54 0.59 7.71 46.16 16.89
Calendar Year Returns (%)
Year A2 USD (Net) Index
2021 4.21 2.83
2020 30.84 34.63
2019 27.75 28.48
2018 -7.08 -9.31
2017 21.86 22.17
2016 4.10 11.32
2015 -2.66 -1.38
2014 9.87 5.60
2013 41.33 43.30
2012 17.42 14.59
2011 0.26 -2.91
2010 28.17 29.09
2009 47.45 34.47
2008 -52.50 -38.54
2007 15.08 7.05
2006 27.46 13.35
2005 5.68 4.15
2004 14.54 14.31
2003 52.32 48.54
2002 -27.41 -30.26
2001 -12.35 -9.23
2000 -25.50 -22.43
1999 from 1999-12-31 0.00 0.00
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31 Dec 2021)
2.42%

Portfolio

Top Holdings (As of 31 Jul 2022)
% OF FUND
Catalent Inc 2.98
LPL Financial Holdings Inc 2.95
Nice Ltd (ADR) 2.42
ON Semiconductor Corp 2.28
WNS Holdings Ltd (ADR) 2.01
Valvoline Inc 1.84
Paylocity Holding Corp 1.76
Stride Inc 1.63
Ziff Davis Inc 1.63
SS&C Technologies Holdings Inc 1.61
Total 21.11
Sector Allocation % OF FUND % OF FUND (As of 31 Jul 2022)
Regional Allocation % OF FUND % OF FUND (As of July 31, 2022)

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Henderson Management SA may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.