A small cap North American equity fund with a growth at a reasonable price (GARP) style.
Prices as at 01 Jul 2022.
We don’t currently provide commentary on this fund.
Past performance is not an indication of future performance.
Capital at risk.
Sector | North American Smaller Cos |
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Structure | UNIT TRUST |
Launched | February 2012 |
Size | £792m |
Yield | 0% |
Charging Basis | Income |
Dividends paid | 30 Jun |
Standard Initial Charge | 0% |
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Initial Charge Via BestInvest | 0% |
Additional Bid/Offer Spread | 0% |
Annual Management Charge | 0.75% |
Ongoing Charges Figure | 0.92% |
The investment universe comprises around 1800 stocks with a market cap between US$200m and US$2bn at the time of purchase, essentially those in the Russell 2000 benchmark but excluding the less liquid names. The portfolio is built primarily on a bottom-up basis by Jones and her team of analysts and includes three types of companies: - Mispriced growth (50-60% of portfolio) – companies where sustainable change is occurring that will lead to higher earnings, revenues, cashflows or margins over 2-3 years. - Steady eddies (20-30%) – companies growing consistently, though generally at lower rates than the mispriced growth stocks. - Turnarounds (0-20%) – companies whose growth engine has broken, but where the manager sees a catalyst for a return to growth. The overall portfolio typically displays a bias to both growth and value factors - a growth at a reasonable price style.
Past performance is not a guide to future performance. View full risk warning