For financial professionals in Luxembourg

US Venture Fund

Seeks resilient companies positioned to weather a variety of market environments


USD 36.87
As of 30/11/2021

1-Day Change
USD -0.63 (-1.68%)
As of 30/11/2021

Morningstar Rating

Morningstar Analyst Rating
Morningstar Analyst Rating				Bronze

Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.



The Fund aims to provide capital growth over the long term.
Performance target: To outperform the Russell 2000 Growth Index by 2% per annum, before the deduction of charges, over any 5 year period.


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. Companies will be incorporated, headquartered, listed on an exchange in, or deriving significant revenue from, the United States. The Fund will invest at least 50% in smaller US companies.
The Fund may also invest in other assets including companies outside the United States, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the Russell 2000 Growth Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s performance target. The investment manager has discretion to choose individual investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.


The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.


  • 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
Past performance is not a guide to future performance. 


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.


Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/09/2021
A1 USD (Net) Russell 2000 Growth TR
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A1 USD (Net) 32.66 11.29 -5.96 21.05 15.46
Russell 2000 Growth TR 33.27 15.71 -9.63 21.06 20.98
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A1 USD (Gross) 35.88 13.99 -3.66 24.04 18.34
Russell 2000 Growth TR + 2.00% 35.93 18.03 -7.82 23.48 23.39
Cumulative & Annualised Performance (%)
As of 31/10/2021
A1 USD (Net) Russell 2000 Growth TR
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
A1 USD (Net) 4.24 9.00 36.02 17.76 16.64 14.25 10.43
Russell 2000 Growth TR 4.68 7.64 38.45 18.64 17.90 14.57 11.52
3YR 5YR 10YR Since Inception
A1 USD (Gross) - 19.50 17.11 13.23
Russell 2000 Growth TR + 2.00% - 20.26 16.86 13.75
A1 USD (Net) Russell 2000 Growth TR
2016 2017 2018 2019 2020
A1 USD (Net) 4.17 21.77 -7.06 27.76 30.84
Russell 2000 Growth TR 11.32 22.17 -9.31 28.48 34.63
2016 2017 2018 2019 2020
A1 USD (Gross) 6.78 24.81 -4.76 30.86 34.02
Russell 2000 Growth TR + 2.00% 13.54 24.60 -7.49 31.05 37.33
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 30/06/2021)


Top Holdings (As of 31/10/2021)
Catalent Inc 2.85
Nice Ltd (ADR) 2.68
Paylocity Holding Corp 2.01
LPL Financial Holdings Inc 1.93
Sensient Technologies Corp 1.78
ON Semiconductor Corp 1.70
Ziff Davis Inc 1.69
SS&C Technologies Holdings Inc 1.60
Descartes Systems Group Inc 1.59
Valvoline Inc 1.55
Total 19.38
Sector Allocation % OF FUND % OF FUND (As of 31/10/2021)
Information Technology 30.67
Health Care 27.24
Industrials 14.22
Consumer Discretionary 8.25
Financials 6.53
Materials 5.07
Communication Services 2.41
Real Estate 2.28
Consumer Staples 2.05
Cash & Equivalents 1.28
Regional Allocations % OF FUND % OF FUND (As of October 31, 2021)
North America 90.33
Africa/Mideast 3.89
Europe 2.55
Asia/Pacific Ex Japan 1.36
Latin America 0.59
Cash & Equivalents 1.28


  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights