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For investors in Singapore

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
IE0004445239

NAV
USD 77.38
As of 2025/07/01

1-Day Change
USD -0.71 (-0.91%)
 As of 2025/07/01

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

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The Fund seeks to achieve its objective by investing at least 80% of its assets in a concentrated portfolio of 20-40 equities of US companies selected for their growth potential. The Fund generally invests in larger companies in any industry and sector.

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Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.

ABOUT THIS FUND

  • Typically holding 20 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

Portfolio Management

Nick Schommer, CFA: Portfolio Manager
Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Brian Recht: Portfolio Manager | Research Analyst
Brian Recht

Portfolio Manager | Research Analyst

Industry since 2011. Joined Firm in 2015.

Performance

Cumulative & Annualised Performance (%)
As of 2025/05/31
A2 USD (With Sales Charge)* Russell 1000® Growth Index US Large-Cap Growth Equity - OE A2 USD (Net)
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
1998/12/24
A2 USD (With Sales Charge)* 2.35 -5.89 -8.26 -6.02 5.47 13.80 11.17 11.41 7.53
Russell 1000® Growth Index 8.85 1.44 0.61 -0.27 17.62 19.84 17.70 16.08 8.57
US Large-Cap Growth Equity - OE 8.24 1.93 -0.44 1.32 14.25 15.18 12.81 11.94 7.60
A2 USD (Net) 7.73 -0.94 -3.43 -1.08 11.02 15.75 12.32 11.98 7.74
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.
*Performance with sales charge assume 5.00% initial sales charge/front-end load (FEL) applied.
© Morningstar 2025. All rights reserved. NAV-NAV, gross income reinvested where applicable.

Recommended holding period 5 Years

Example Investment: USD 10,000

Scenarios If you exit after 1 year If you exit after 5 years
MinimumThere is no minimum guaranteed return. You could lose some or all of your investment
StressWhat you might get back after costs980 USD1,010 USD
Average return each year-90.23%-36.82%
UnfavourableWhat you might get back after costs6,190 USD11,060 USD
Average return each year-38.06%2.03%
ModerateWhat you might get back after costs11,250 USD18,170 USD
Average return each year12.47%12.69%
FavourableWhat you might get back after costs15,210 USD27,490 USD
Average return each year52.15%22.41%
There is currently insufficient data to provide a useful indication of past performance to investors.
Fee Information
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2024/12/31) 		2.15%

Portfolio

Top Holdings (As of 2025/05/31)
% of Fund
Microsoft Corp 9.82
Amazon.com Inc 8.46
NVIDIA Corp 7.08
Meta Platforms Inc 5.46
Broadcom Inc 5.44
Mastercard Inc 4.87
Apple Inc 3.90
Oracle Corp 3.70
Howmet Aerospace Inc 3.15
Eli Lilly & Co 3.05
TOTAL 54.93
Sector Allocation % of Fund % of Index % of Fund % of Index As of 2025/05/31
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 2025/05/31
Country/Geographic Exposures % of Fund % of Index % of Fund % of Index As of 2025/05/31
Regional Allocation % of Fund % of Index % of Fund % of Index As of 2025/05/31

Documents

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