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 50.78
As of 2023/09/22

1-Day Change
USD -0.02 (-0.04%)
As of 2023/09/22

Overview

INVESTMENT OBJECTIVE

A concentrated large-cap growth fund that seeks long-term capital growth through high-conviction investing. The strategy capitalises on our comprehensive research process to invest with confidence in companies that may generate high returns on capital. Due to the concentrated nature of the fund, return volatility may be moderately higher than the overall market.

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 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

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

Cumulative & Annualised Performance (%)
As of 2023/08/31
A2 USD (Net) A2 USD (With Sales Charge)* Russell 1000 Growth TR
 
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
1998/12/24
A2 USD (Net) -1.75 8.46 19.77 28.18 21.73 2.87 10.20 12.26 7.03
A2 USD (With Sales Charge)* -6.66 3.04 13.78 21.78 15.64 1.13 9.07 11.69 6.80
Russell 1000 Growth TR -0.90 9.45 23.46 32.17 21.94 8.26 13.81 15.63 7.62
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.25%
Ongoing Charge
(As of 2023/06/30)
2.14%

Portfolio

Top Holdings (As of 2023/08/31)
% OF FUND
Microsoft Corp 9.38
Amazon.com Inc 8.47
Apple Inc 7.42
Mastercard Inc 6.18
Alphabet Inc 4.82
NVIDIA Corp 4.75
Meta Platforms Inc 4.34
Workday Inc 4.02
UnitedHealth Group Inc 3.12
Danaher Corp 2.98
Total 55.48

Documents