For financial professionals in Sweden

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
IE00BFRSYZ42

NAV
EUR 23.35
As of 20/05/2022

1-Day Change
EUR -0.03 (-0.13%)
As of 20/05/2022

Morningstar Rating


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

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the Russell 1000 Growth Index by at least 2.5% per annum, before the deduction of charges, over any 5 year period.

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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 is focused towards larger 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 1000 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 a high degree of freedom to exercise conviction, which may result in a high degree of bias within the portfolio. The Fund may hold companies which are not within the index.

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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 a Marketing Communication and does not qualify as an investment recommendation.

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
Past performance does not predict future returns. 
 

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.

Brian Recht

Portfolio Manager | Research Analyst

Industry since 2011. Joined Firm in 2015.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 30/04/2022
H2 HEUR (Net) Russell 1000 Growth GR Hgd EUR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31/10/2013
H2 HEUR (Net) -13.66 -23.88 -15.84 11.55 13.09 - 11.70
Russell 1000 Growth GR Hgd EUR -12.93 -21.07 -7.01 14.11 14.48 - 13.28
 
  Annualised
3YR 5YR 10YR Since Inception
31/10/2013
H2 HEUR (Gross) - 14.03 - 12.69
Russell 1000 Growth GR Hgd EUR + 2.50% - 17.35 - 16.11
Calendar Year Returns (%)
As of 31/12/2021
H2 HEUR (Net) Russell 1000 Growth GR Hgd EUR
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
31/10/2013
H2 HEUR (Net) -11.83 21.67 36.63 31.96 -2.23 26.55 -2.90 6.51 10.62 - - 8.30
Russell 1000 Growth GR Hgd EUR -9.35 26.49 35.24 32.35 -4.42 27.54 5.48 5.27 12.78 - - 5.71
 
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 PERFORMANCE INCEPTION
H2 HEUR (Gross) -11.67 22.57 37.64 33.01 -1.29 27.82 -1.93 7.53 11.68 - - 8.47
Russell 1000 Growth GR Hgd EUR + 2.50% -8.80 29.65 38.62 35.66 -2.02 30.71 8.12 7.90 15.60 - - 6.15
FEE INFORMATION
Initial Charge 0.00%
Annual Charge 0.65%
Ongoing Charge
(As of 31/12/2021)
0.73%

Portfolio

Top Holdings (As of 30/04/2022)
% OF FUND
Microsoft Corp 10.02
Amazon.com Inc 8.04
Apple Inc 7.21
Mastercard Inc 6.05
Alphabet Inc 4.43
Danaher Corp 3.67
Deere & Co 3.40
ASML Holding NV 3.18
UnitedHealth Group Inc 2.94
American Tower Corp 2.93
Total 51.87
Sector Allocation % OF FUND % OF FUND (As of 30/04/2022)
Regional Allocation % OF FUND % OF FUND (As of April 30, 2022)

Documents

  • 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 does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units 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.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • 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/unit class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to the value of the Fund due to differences in short-term interest rates between the currencies.
  • 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.
  • Some or all of the ongoing charges may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
  • Summary of Investor rights
  • Henderson Management SA may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions.