For investors in Hong Kong

US Forty Fund

Our differentiated view from the market identifies growth where growth is scarce, which we believe positions our investments to outperform the index over time

ISIN
IE00BF2GM265

NAV
AUD 32.23
As of 2022/01/14

1-Day Change
AUD -12.45 (-27.86%)
As of 2022/01/14

Morningstar Rating

Key investment risks:

  • The Fund's investments in equities are subject to equity market risk due to fluctuation of securities values.
  • Investments in the Fund involve general investment, currency, hedging, economic, political, policy, foreign exchange, liquidity, tax, legal, regulatory and securities financing transactions related risks. In extreme market conditions, you

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  • may lose your entire investment.
  • The Fund may invest in financial derivatives instruments for investment and efficient portfolio management purposes. This may involve counterparty, liquidity, leverage, volatility, valuation, over-the-counter transaction, credit, currency, index, settlement default and interest risks; and the Fund may suffer total or substantial losses.
  • The Fund's investments are concentrated in a portfolio of 20-40 US companies and may be more volatile.
  • Investors should not only base on this document alone to make investment decisions and should read the offering documents including the risk factors for further details.

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Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

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The Fund seeks to achieve its objective by investing at least 80% of its assets in a concentrated portfolio of 20-40 equities of US companies selected for their growth potential. The Fund generally invests in larger companies in any industry and sector.

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ABOUT THIS FUND

  • Typically holding 30 to 40 stocks, the fund invests in our best US large-cap growth equity ideas where we believe we have a differentiated view from the market
  • Stock-picker’s fund leveraging three decades of experience in high-conviction investing
  • Fundamental, research-driven approach seeking innovative wide-moat companies

PORTFOLIO MANAGEMENT

Doug Rao

Portfolio Manager

Industry since 1998. Joined Firm in 2013.

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Performance

Discrete Performance (%)
As of 2021/12/31
A2 HAUD
 
Quarter End
As of 2021/12/31
Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018 Dec-2016 - Dec-2017
A2 HAUD 20.26 33.40 32.55 -1.40 27.72
Cumulative Performance (%)
As of 2021/12/31
A2 HAUD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2013/10/04
A2 HAUD 0.50 4.74 5.67 20.26 20.26 112.64 167.78 244.90
CALENDAR YEAR RETURNS (%)
A2 HAUD
2017 2018 2019 2020 2021
A2 HAUD 27.72 -1.40 32.55 33.40 20.26
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2021/06/30)
2.13%

Portfolio

Top Holdings (As of 2021/12/31)
% OF FUND
Microsoft Corp 8.80
Amazon.com Inc 7.52
Apple Inc 6.48
Mastercard Inc 3.98
Alphabet Inc 3.90
Total 30.68
Sector Allocation % OF FUND % OF FUND (As of 2021/12/31)
Regional Allocation % OF FUND % OF FUND (As of December 31, 2021)

Documents