For investors in Hong Kong

US Venture Fund

Seeks resilient companies positioned to weather a variety of market environments

ISIN
IE0009534383

NAV
USD 26.01
As of 2023/03/30

1-Day Change
USD 0.10 (0.39%)
 As of 2023/03/30

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

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  • 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.

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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, 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

PORTFOLIO MANAGEMENT

Jonathan Coleman, CFA

Jonathan Coleman, CFA

Portfolio Manager

Industry since 1994. Joined Firm in 1994.

Scott Stutzman, CFA

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2007.

Performance

Discrete Performance (%)
As of 2022/12/31
B2 USD
 
Quarter End
As of 2022/12/31 		Dec-2021 - Dec-2022 Dec-2020 - Dec-2021 Dec-2019 - Dec-2020 Dec-2018 - Dec-2019 Dec-2017 - Dec-2018
B2 USD -26.65 3.14 29.57 26.44 -7.96
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Cumulative Performance (%)
As of 2023/02/28
B2 USD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1999/12/31
B2 USD -1.72 2.40 4.97 8.23 -10.86 17.31 20.85 168.40
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
Calendar Year Returns (%)
As of 2022/12/31
B2 USD
2022 2021 2020 2019 2018
B2 USD -26.65 3.14 29.57 26.44 -7.96
Calendar Year Returns (%)
Year B2 USD Index
2022 -26.65 -26.36
2021 3.14 2.83
2020 29.57 34.63
2019 26.44 28.48
2018 -7.96 -9.31
2017 20.58 22.17
2016 3.09 11.32
2015 -3.58 -1.38
2014 8.69 5.60
2013 39.90 43.30
2012 16.16 14.59
2011 -0.68 -2.91
2010 26.87 29.09
2009 46.06 34.47
2008 -53.03 -38.54
2007 14.01 7.05
2006 26.15 13.35
2005 4.69 4.15
2004 13.36 14.31
2003 50.98 48.54
2002 -28.19 -30.26
2001 -13.24 -9.23
2000 -26.00 -22.43
1999 from 31/12/1999 0.00 0.00
Source: Morningstar, Inc., NAV-NAV, gross income reinvested where applicable. Past performance cannot guarantee future results.
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 1.50%
Ongoing Charge
(As of 2021/12/31) 		3.41%
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 2023/02/28)
% OF FUND
Catalent Inc 2.30
Nice Ltd (ADR) 2.20
ON Semiconductor Corp 2.10
ATS Corp 2.08
WNS Holdings Ltd (ADR) 1.95
LPL Financial Holdings Inc 1.78
SS&C Technologies Holdings Inc 1.69
Ziff Davis Inc 1.68
Rentokil Initial PLC (ADR) 1.66
Valvoline Inc 1.66
Total 19.10
Portfolio holdings are subject to change without notice. 
Sector Allocation % OF FUND % OF FUND (As of 2023/02/28)
Regional Allocation % OF FUND % OF FUND (As of February 28, 2023)

Documents

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