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Global Technology Leaders Fund

Aims to generate long-term capital growth through investment in a globally diversified portfolio of technology-related companies

Overview

Important fund updates

We have made certain fund updates effective 2 December 2024. Please see the shareholder notice below for details.

Quarterly Update

The investment team recap this quarter.

(Note: As at October 2025).

INVESTMENT OBJECTIVE

To aim to provide capital growth in excess of the MSCI All Countries World Information Technology Index + MSCI Communications Services Index over rolling 5 year periods, after charges, by investing in companies worldwide that derive, or are expected to derive, profits from technology.

ABOUT THIS FUND

  • Seeks to uncover undervalued growth companies where the scale or persistence of earnings growth is underappreciated by the market.
  • Actively managed by a highly experienced team in the UK, with a focus on long-term trends that are shaping the future of technology.

RATINGS AND AWARDS

S&P assigns a Principal Stability Fund Rating (PSFR) for money market funds within a range from AAAm (highest) to Dm (lowest), where AAAm indicates S&P's opinion of a fund's extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk and Dm indicates a failure to maintain principal stability resulting in a realized or unrealized loss of principal. Ratings do not eliminate risk and should not be used as the sole basis for evaluating an investment product. Please see Ratings Criteria at disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A fee was paid for the use of this data.

Portfolio Management

Graeme Clark

Portfolio Manager

Industry since 1994. Joined Firm in 2013.

Alison Porter

Portfolio Manager

Industry since 1995. Joined Firm in 2014.

Richard Clode, CFA

Portfolio Manager

Industry since 2003. Joined Firm in 2014.

Performance

Portfolio

Top Holdings (As of 30/09/2025)
% of Fund
NVIDIA 10.09
Microsoft 8.99
Alphabet 7.48
Taiwan Semiconductor Manufacturing 6.27
Meta Platforms 5.60
Broadcom 4.36
Amazon.com 4.20
Tencent 3.18
Apple 2.85
Micron Technology 2.48
TOTAL 55.50
Sub-Sector allocation % of Fund % of Index % of Fund % of Index As of 30/09/2025
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 30/09/2025
Country/Geographic Exposures % of Fund % of Index % of Fund % of Index As of 30/09/2025
Regional Allocation % of Fund % of Index % of Fund % of Index As of 30/09/2025

Documents