For investors in Hong Kong

US Venture Fund

Seeks resilient companies positioned to weather a variety of market environments

ISIN
IE0009534383

NAV
USD 26.23
As of 2023/06/02

1-Day Change
USD 0.65 (2.54%)
As of 2023/06/02

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

Portfolio Manager

Industry since 1994. Joined Firm in 1994.

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2007.

Performance

Discrete Performance (%)
As of 2023/03/31
B2 USD
 
Quarter End
As of 2023/03/31
Mar-2022 - Mar-2023 Mar-2021 - Mar-2022 Mar-2020 - Mar-2021 Mar-2019 - Mar-2020 Mar-2018 - Mar-2019
B2 USD -8.54 -12.47 75.74 -21.73 7.38
Cumulative Performance (%)
As of 2023/04/30
B2 USD
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1999/12/31
B2 USD -2.16 -5.24 1.73 4.35 -1.15 19.43 16.26 158.80
Calendar Year Returns (%)
As of 2023/03/31
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
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 1.50%
Ongoing Charge
(As of 2021/12/31)
3.41%

Portfolio

Top Holdings (As of 2023/04/30)
% OF FUND
ATS Corp 2.26
Nice Ltd (ADR) 2.23
Rentokil Initial PLC (ADR) 2.19
WNS Holdings Ltd (ADR) 2.07
SS&C Technologies Holdings Inc 1.81
ON Semiconductor Corp 1.80
Catalent Inc 1.73
Ziff Davis Inc 1.66
Descartes Systems Group Inc 1.66
Valvoline Inc 1.64
Total 19.05
Sector Allocation % OF FUND % OF FUND (As of 2023/04/30)
Regional Allocation % OF FUND % OF FUND (As of April 30, 2023)

Documents