For individual investors in the UK

Global Technology Leaders Fund

Aims to generate long-term capital growth through investment in a globally diversified portfolio of technology-related companies

ISIN
GB0007698847

NAV
GBP 2,702.00p
As of 20/05/2022

1-Day Change
GBP -4.00p (-0.15%)
As of 20/05/2022

Morningstar Rating

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 MSCI ACWI Information Technology Index + MSCI ACWI Communication Services Index, after the deduction of charges, over any 5 year period.

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The Fund invests at least 90% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, which are technology-related or derive profits from technology, 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.
The investment manager 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 ACWI Information Technology Index + MSCI ACWI Communication Services 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 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 Technology and Technology Innovations 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

  • Seeks to uncover undervalued growth companies where the scale or persistence of earnings growth is underappreciated by the market.
  • Actively managed by a highly experienced team in the UK, with a focus on long-term trends that are shaping the future of technology.
Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Alison Porter

Portfolio Manager

Industry since 1995. Joined Firm in 2014.

Graeme Clark

Portfolio Manager

Industry since 1994. Joined Firm in 2013.

Richard Clode, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2014.

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 31/03/2022
A Acc (Net) MSCI ACWI/Information Tech & Comm Services GR IA Technology and Technology Innovations
 
Quarter End
As of 31/03/2022
Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020 Mar-2018 - Mar-2019 Mar-2017 - Mar-2018
A Acc (Net) 6.98 48.23 8.98 16.51 13.51
MSCI ACWI/Information Tech & Comm Services GR 11.68 50.56 7.78 15.07 15.78
IA Technology and Technology Innovations 4.05 56.27 6.76 17.54 9.73

Index Description

The MSCI ACWI Information Technology Index + MSCI ACWI Communication Services Index is a measure of the combined performance of large and medium sized information technology and communication services companies from developed and emerging stock markets around the world. It is the performance target for the Fund 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.

Cumulative & Annualised Performance (%)
As of 30/04/2022
A Acc (Net) MSCI ACWI/Information Tech & Comm Services GR IA Technology and Technology Innovations
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
08/10/1984
A Acc (Net) -6.87 -15.26 -6.72 14.25 16.40 16.45 13.79
MSCI ACWI/Information Tech & Comm Services GR -7.62 -14.76 -1.90 16.54 17.56 18.66 -
IA Technology and Technology Innovations -7.69 -17.19 -8.94 14.60 15.75 15.88 11.22

Index Description

The MSCI ACWI Information Technology Index + MSCI ACWI Communication Services Index is a measure of the combined performance of large and medium sized information technology and communication services companies from developed and emerging stock markets around the world. It is the performance target for the Fund 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.

Calendar Year Returns (%)
As of 31/12/2021
A Acc (Net) MSCI ACWI/Information Tech & Comm Services GR IA Technology and Technology Innovations
2021 2020 2019 2018 2017
A Acc (Net) 19.27 35.80 34.95 -1.52 30.85
MSCI ACWI/Information Tech & Comm Services GR 23.86 34.45 33.73 1.04 29.95
IA Technology and Technology Innovations 16.50 44.78 31.09 1.10 23.56

Index Description

The MSCI ACWI Information Technology Index + MSCI ACWI Communication Services Index is a measure of the combined performance of large and medium sized information technology and communication services companies from developed and emerging stock markets around the world. It is the performance target for the Fund 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.

Calendar Year Returns (%)
Year A Acc (Net) Index
2021 19.27 23.86
2020 35.80 34.45
2019 34.95 33.73
2018 -1.52 1.04
2017 30.85 29.95
2016 26.54 34.44
2015 9.98 9.65
2014 17.28 22.93
2013 23.20 24.70
2012 8.03 10.71
2011 -3.70 -3.39
2010 17.78 15.19
2009 45.03 41.29
2008 -22.71 -23.09
2007 22.22 11.96
2006 -2.89 -3.62
2005 19.88 19.72
2004 -2.02 -3.91
2003 28.18 33.34
2002 -48.08 -43.57
2001 -46.15 -26.13
2000 -18.11 -37.32
1999 188.70 107.42
1998 44.75 65.25
1997 14.19 28.11
1996 -0.62 15.69
1995 57.80 31.94
1994 2.42 -
1993 29.06 -
1992 36.88 -
1991 36.60 -
1990 -14.96 -
1989 36.84 -
1988 23.14 -
1987 -11.18 -
1986 41.07 -
1985 25.37 -
1984 from 1984-10-08 14.04 -
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/10/2021)
1.79%

Portfolio

Top Holdings (As of 30/04/2022)
% OF FUND
Microsoft 9.79
Apple 8.87
Alphabet 8.41
NVIDIA 3.54
Taiwan Semiconductor Manufacturing 3.54
Visa 3.09
Broadcom 2.84
Samsung Electronics 2.77
Amazon.com 2.50
Mastercard 2.34

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.
  • 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 is focused towards particular industries or investment themes and may be heavily impacted by factors such as changes in government regulation, increased price competition, technological advancements and other adverse events.
  • 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'), 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.