Large trust with low charges - invests in fast growing equities globally.
Prices as at 04 Jul 2022.
Fund commentary last updated 04 Nov 2021.
Past performance is not an indication of future performance.
Capital at risk.
|Charging Basis||25% Income 75% Capital|
|Dividends paid||Jul, Dec|
|Annual Management Charge||0.32%|
|Ongoing Charges Figure||0.34%|
The managers use an in-depth bottom-up research process to find exceptional, high growth firms. These companies will have enduring competitive advantages and a differentiated culture that gives them an “edge”. The team also looks at a company’s prospects for sales and margins, current and potential valuation and how it is perceived by customers. Anderson also considers how the future shape of the global economy will impact or drive the fund’s holdings, but at heart he is a stock picker. Portfolio companies fall into three categories with the first being labelled as transformational growers. These businesses are using new technology to transform existing industries, although their returns lie well into the future. The second group are the dynamic growers who are flourishing now by using the superiority or uniqueness of their products or services. The third group are the enduring growers who may be a bit slower than the other holdings but are likely to hang in there for the long-term. In general, to own a stock the managers want to clearly understand how they might make at least a 2.5 times return over five years. As part of their research the team talk to a wide canvas of people from journalists to academia and take extensive trips to healthcare clusters or the US West Coast to find new ideas. They also seek out information contained in unquoted markets and speak to the geniuses – the visionaries in charge of exceptional companies.
Past performance is not a guide to future performance. View full risk warning