fund

Rated

This is one of our rated funds. They’re the ones our experts believe will do well for investors over the longer term. Top of the class!

Findlay Park American GBP Unhedged

  • 10639.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.00%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.00%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 28 May 2020

The investment objective of the Fund is to achieve capital growth principally through investment in the securities of companies in the Americas. The Fund aims to achieve a return above the performance of the Russell 1000 Net 30% Total Return Index, which is a US mid and large cap index. It has some holdings in Canada and Latin America. The managers have an absolute return mindset and aim not to lose money in any investment. Please note that this fund is currently closed to new investments.

Fund summary

Sector North America
Structure OFFSHORE FUND
Launched
Size £0m
Yield 0.00%
Charging basis
Dividends paid

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.00%

Allocation

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Investment process

Findlay Park aims to control the downside risk in each investment they make to generate a strong risk-adjusted compound rate of return, measured over decades. In doing so, they believe that they can generate higher compound returns for investors by taking less risk. This is counter to what most people believe, that to generate higher returns you need to take more risk. Generating strong compound performance requires downside risk management and the avoidance of permanent capital loss. This philosophy is rigorously applied by Findlay Park’s experienced Investment Team to every company they research. The team consists of six Portfolio Managers and five Equity Analysts, supported by a Responsible Investment Lead. Findlay Park use a team-based approach to investing, whereby prospective holdings and existing portfolio positions are reviewed by the entire team. All prospective holdings are reviewed against Findlay Park’s investment philosophy checklist, which covers all aspects of the business, including management, financial performance, corporate culture and valuation.

The Fund aims to be an ‘all weather’, all-cap US equity strategy and our philosophy is designed to target resilient businesses that can withstand a multitude of market environments. This approach is consistent with an aspiration to keep pace with a rising market while outperforming in a falling market, generating an attractive risk adjusted compound rate of return over time. The Fund typically holds around 50-70 companies, appropriately diversified by sector and company. As an actively managed Fund it looks very different to the benchmark, with a high active share. The Investment Team has been stable, save for a couple of retirements. The Team, as well as the broader partnership, has been carefully expanded over time with the aim of creating a sustainable Fund and partnership for the long-term.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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