For investors in Hong Kong

US Venture Fund

Seeks resilient companies positioned to weather a variety of market environments

ISIN
IE0009534169

NAV
EUR 30.52
As of 2024/04/18

1-Day Change
EUR -0.18 (-0.59%)
As of 2024/04/18

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, securities financing transactions related and small/ mid-capitalisation companies related

risks. In extreme market conditions, you 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 small sized 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.

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. The Fund will invest at least 50% in small US companies whose market capitalisations, at the time of initial purchase, falls within the range of companies in the Russell 2000 Growth Index.

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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

Fund Details

Asset class	Equities
Product Structure	Irish Investment Company
Inception Date	31 Dec 1999
Base Currency	USD
Fund Assets As of 31/03/24	122.55M
Sector	Morningstar US Small-Cap Equity
Benchmark	Russell 2000 Growth Index
Year End	31-Dec

Share Class Facts

Distribution Type	Accumulation
ISIN	IE0009534169
Sedol Code	0953416
Lipper Code	-
WKN Code	933850
Valoren Code	1041727
Pay Dates	N/A
XD Dates	N/A
Inception Date	31 Dec 1999
Currency Code	EUR
Minimum Initial Investment	2,500.00
Minimum Top Up Amount	-

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.

Aaron Schaechterle

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2022.

Cumulative Performance (%)
As of 2024/03/31

A2 HEUR

	Cumulative
	1MO	3MO	6MO	YTD	1YR	3YR	5YR	Since Inception 1999/12/31
A2 HEUR	2.31	5.98	17.70	5.98	10.78	-13.96	15.25	227.90

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

Calendar Year Returns (%)
As of 2024/03/31

A2 HEUR

	2023	2022	2021	2020	2019
A2 HEUR	11.02	-28.52	3.01	28.35	23.70

View full calendar year performance history

Calendar Year Returns (%)

Year	A2 HEUR	Index
2023	11.02	14.64
2022	-28.52	-21.53
2021	3.01	10.64
2020	28.35	23.51
2019	23.70	30.85
2018	-10.00	-4.73
2017	19.06	7.30
2016	2.49	14.65
2015	-2.91	9.86
2014	9.61	20.25
2013	40.50	37.11
2012	16.53	12.83
2011	-1.03	0.34
2010	26.92	38.06
2009	46.31	30.27
2008	-53.21	-35.35
2007	13.38	-3.45
2006	24.20	1.39
2005	3.63	20.02
2004	15.20	6.07
2003	53.65	23.58
2002	-26.86	-40.83
2001	-11.43	-4.29
2000	-13.40	-17.19
1999 from 31/12/1999	0.00	-

Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.

FEE INFORMATION


Initial Charge	5.00%
Annual Charge	1.50%
Ongoing Charge (As of 2022/12/31)	2.48%

The ongoing charge is calculated using the Packaged Retail Investment Product (PRIIPs) methodology. The PRIIPs methodology differs to the UCITS ongoing charge methodology, as the PRIIPS methodology captures additional recurring charges, including but not limited to: a. Interest paid on borrowing (e.g. bank interest) b. Any fees incurred in relation to stock-lending activity (i.e. the fee paid to the lending agent) c. Any costs associated with holding closed-ended vehicles.

Please refer to the offering documents for more details on the fees and expenses.

Portfolio

Top Holdings (As of 2024/03/31)

	% OF FUND
Nice Ltd (ADR)	2.17
SS&C Technologies Holdings Inc	1.93
Core & Main Inc	1.81
Stride Inc	1.80
Descartes Systems Group Inc	1.77
Rentokil Initial PLC (ADR)	1.72
Constellium SE	1.53
Blackbaud Inc	1.52
WEX Inc	1.49
LPL Financial Holdings Inc	1.46
TOTAL	17.20

Portfolio holdings are subject to change without notice.

Sector
Region

Sector Allocation	% OF FUND	% OF FUND	(As of 2024/03/31)

Regional Allocation	% OF FUND	% OF FUND	(As of March 31, 2024)

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US Venture Fund