For individual investors in the UK

Global Equity Fund

A benchmark-agnostic equities fund seeking to invest in high-quality, growing companies from across the world that are benefiting from long-term secular trends

ISIN
GB00BJ0LFM28

NAV
GBP 4,228.00p
As of 26/05/2023

1-Day Change
GBP -1.00p (-0.02%)
 As of 26/05/2023

Morningstar Rating
As of 30/04/2023

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI All Countries World Index by 2.5% 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, of any size, in any industry, in any country. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings.
The Fund may also invest in other assets including cash and money market instruments.
The Investment Advisor may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI All Countries World 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 Advisor has discretion to choose investments for the Fund with weightings different to the index or not in the index.
As an additional means of assessing the performance of the Fund, the IA Global sector average, which is based on a peer group of broadly similar funds, may also provide a useful comparator.

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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.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

ABOUT THIS FUND

  • An investment process that focuses on the more predictable, investing in companies benefiting from long-term secular trends rather than basing decisions on unpredictable economic and political factors
  • The team employs a ‘hold forever’ mind-set, with companies assessed through a long-term lens
Past performance does not predict future returns. 
 

RATINGS AND AWARDS

©2023 FE fundinfo. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE fundinfo, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE fundinfo, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE fundinfo shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE fundinfo does not guarantee that a fund will perform in line with its FE Investments Approved Rating as it is a reflection of past performance only. Likewise, the FE Investments Approved Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

PORTFOLIO MANAGEMENT

George P. Maris, CFA

George P. Maris, CFA

Head of Equities – Americas | Portfolio Manager

Industry since 1998. Joined Firm in 2011.

Julian McManus

Julian McManus

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 2004.

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.
Discrete Performance (%)
As of 31/03/2023
E Acc (Net) MSCI AC World TR IA Global
 
Quarter End
As of 31/03/2023 		Mar-2022 - Mar-2023 Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020 Mar-2018 - Mar-2019
E Acc (Net) -7.14 10.96 32.84 -0.06 8.93
MSCI AC World TR -0.93 12.89 39.58 -6.22 10.98
IA Global -2.79 8.14 40.58 -6.31 8.74

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

© Morningstar 2023. All rights reserved. NAV-NAV, net income reinvested where applicable.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
Cumulative & Annualised Performance (%)
As of 30/04/2023
E Acc (Net) MSCI AC World TR IA Global
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
10/05/2010
E Acc (Net) -1.22 -2.05 -6.39 7.10 7.23 11.50 11.23
MSCI AC World TR -0.17 4.35 2.48 12.71 9.55 10.81 10.49
IA Global -0.20 3.87 0.69 10.35 7.64 9.03 8.79

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The E Acc share class was launched on 08/07/2019. Performance prior to that date is past performance based on the Acc share class of the same fund which has a different current ongoing charge included of 1.98.
© Morningstar 2023. All rights reserved. NAV-NAV, net income reinvested where applicable.
Calendar Year Returns (%)
As of 31/03/2023
E Acc (Net) MSCI AC World TR IA Global
2022 2021 2020 2019 2018
E Acc (Net) -14.02 21.37 19.47 21.06 -4.47
MSCI AC World TR -7.62 20.14 13.22 22.38 -3.27
IA Global -11.29 17.55 14.81 22.01 -5.71

Index Description

The MSCI All Countries World Index is a measure of the combined performance of large and medium sized companies from both developed and emerging stock markets around the world. It forms the basis of the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) can be a useful performance comparison against other funds with similar aims.

The E Acc share class was launched on 08/07/2019. Performance prior to that date is past performance based on the Acc share class of the same fund which has a different current ongoing charge included of 1.98.
© Morningstar 2023. All rights reserved. NAV-NAV, net income reinvested where applicable.
Please note the performance target is to be achieved over a specific annualised time period. Refer to the performance target wording within the objective.
FEE INFORMATION
Initial Charge 4.25%
Annual Charge 1.00%
Ongoing Charge
(As of 30/11/2022) 		1.48%
For more information about charges, please see our fund charges page or the “charges” section of the fund’s prospectus.

Portfolio

Top Holdings (As of 30/04/2023)
% OF FUND
Marathon Petroleum 5.83
Microsoft 5.36
Freeport-McMoRan 3.94
Taiwan Semiconductor Manufacturing 3.44
AstraZeneca 3.00
Monster Beverage 2.99
Ferguson 2.98
Humana 2.93
Liberty Media Corp-Liberty Formula One 2.93
PulteGroup 2.86

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  • ​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.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives with the aim of reducing risk or managing the portfolio more efficiently. However this introduces 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, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • 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.
  • 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.
  • 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, you may wish to consult a financial adviser.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.