US National Day of Mourning for President Carter – non-dealing day in this fund
Please note we are declaring an additional non-dealing day for this fund. A non-dealing day will be in place on Thursday 9 January 2025, with dealing resuming on Friday 10 January 2025. This is due to the US National Day of Mourning for President Carter, which will see the New York Stock Exchange closed for the day.
INVESTMENT OBJECTIVE
This defensive all-cap U.S. value fund seeks to provide attractive returns over a full market cycle by mitigating losses in down markets while participating in up markets. The strategy focuses on high-quality stocks of companies with strong balance sheets and stable earnings trading at attractive valuations.
The Fund’s investment objective is to seek long-term growth of capital by investing primarily in common stocks of US companies with the potential for long-term growth of capital using a “value” approach.
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The Fund pursues its objective by investing primarily in common stocks of US companies with the potential for long-term growth of capital using a “value” approach. The “value” approach emphasises investments in companies that are undervalued relative to their intrinsic worth. It will typically seek attractively valued companies that are improving their free cash flow and improving their returns on invested capital. These companies may also include special situations companies that are experiencing management changes and/or are temporarily out of favour. No more than 10% of the net asset value of the Fund may be invested in securities traded on any one developing market and the aggregate amount of the Fund which may be invested in securities traded on the developing markets is 20% of the net asset value of the Fund.
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This defensive all-cap U.S. value fund seeks to provide attractive returns over a full market cycle by mitigating losses in down markets while participating in up markets. The strategy focuses on high-quality stocks of companies with strong balance sheets and stable earnings trading at attractive valuations.
ABOUT THIS FUND
- The fund aims to mitigate losses in down markets while participating in up markets
- Disciplined valuation process that measures downside risk before upside potential
- Designed to compound returns over a full market cycle with lower volatility than peers and the index
