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 26.82
As of 2020/10/23

1-Day Change
AUD 0.24 (0.90%)
As of 2020/10/23

Key investment risks:
• The Fund may invest in any one or a combination of the following instruments:
– futures, options and swaps and other financial derivative instruments (“FDI”) for investment purposes, up to 10% of the net asset value ("NAV") of the Fund. Given the leverage effect of FDI, such investments may result in substantial loss

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(as much as 100% of the NAV of the relevant Fund);
– debt securities rated below investment grade; and
– mortgage and asset-backed securities and/or in index/structured securities. These financial instruments may be rated below investment grade.
• Investing in any one of the above instruments may involve substantial credit/counterparty, market, liquidity, currency, leverage, index, interest and swap risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost.
• The Fund's investments involve developing markets. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels.
• The Fund’s investments may be more concentrated than others that diversify across investments and may therefore be subject to higher risk than funds with more diversified investments.
• The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice.
• Investors should not only base on this document alone to make investment decisions and should read the Prospectus 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 is focused towards larger US 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 2020/09/30
A2 HAUD
 
Quarter End
As of 2020/09/30
Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017 Sep-2015 - Sep-2016
28.96% 5.37% 24.49% 19.30% 3.39%
Cumulative Performance (%)
As of 2020/09/30
A2 HAUD (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2013/10/04
A2 HAUD -4.37% 12.01% 39.70% 20.14% 28.96% 69.16% 108.64% 158.30%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2020/06/30)
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2020/06/30)
2.13%

Portfolio

Top Holdings (As of 2020/09/30)
% OF FUND
Amazon.com Inc 8.76
Microsoft Corp 7.86
Mastercard Inc 6.15
Apple Inc 5.11
Facebook Inc 4.08
Total 31.96
Sector Allocation % OF FUND % OF FUND (As of 2020/09/30)
Information Technology 36.92
Consumer Discretionary 17.59
Health Care 15.97
Communication Services 15.19
Industrials 4.31
Real Estate 2.31
Consumer Staples 2.28
Financials 2.22
Materials 1.81
Cash & Equivalents 1.40
Regional Allocations % OF FUND % OF FUND (As of September 30, 2020)
North America 94.03
Europe 3.82
Asia/Pacific Ex Japan 0.75
Cash & Equivalents 1.40

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