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American Fund

Investment Approach

We aim to control the downside risk in each investment we make and to produce a compelling risk-adjusted compound rate of return over time. We believe that we can generate higher compound returns for investors by taking less risk.

This investment philosophy has guided our research intensive process since the American Fund’s launch in 1998 and manifests itself in a comprehensive list of questions that we ask ourselves about every company that we invest in.

We invest in businesses that generate strong free cash flows and management teams that are effective allocators of capital.  We back companies that deliver value for their customers through great products and services.  We look to support corporate cultures that create an environment for employees to flourish and grow.

Before we make an investment we need to have a high degree of confidence in the terminal value of the business and an awareness of the risk of permanent capital impairment if we are wrong about our assumptions.

Investment Objective

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.  While we are aware that our investors will reference the benchmark when it comes to performance, stocks are selected on their individual merits and fit with our investment philosophy, not with reference to the benchmark. We think about performance in absolute as well as relative terms.

Fund Prices

Dollar Class - $143.69
Sterling Hedged Class - £72.64
Sterling Unhedged Class - £110.06
Euro Unhedged Class - €121.73
(NAV prices accurate as of close of the last relevant market on 12th August 2020.)

Fund Structure and Distribution

Findlay Park is the investment manager for Findlay Park Funds plc (Fund), an umbrella fund incorporated in Ireland as an Undertaking for Collective Investment in Transferable Securities (UCITS) – of which the Findlay Park American Fund is the sole sub-fund. The Fund has FCA Recognised status in the UK and UK Reporting Fund Status.

The Fund is registered for sale in the United Kingdom, Ireland, Switzerland, Austria, Finland, France, Germany, Italy (Institutional Clients Only), Spain, Luxembourg, Singapore (MAS list of restricted schemes). Shares in the Fund may not be directly or indirectly offered or sold in the United States of America, or to or for the benefit of a US Person. Please see the Fund’s Prospectus for further details.

The Findlay Park American Fund is not marketed to new investors; however, it remains open to our existing investors and their underlying clients, current and new.

Share class information

Share Class Dollar Class Sterling Hedged Class Sterling Unhedged Class Euro Unhedged Class
SEDOL 0245867 B00J0F1 BWY58M2 BMGB000
ISIN IE0002458671 IE00B00J0F11 IE00BWY58M24 IE00BMGB0004
Performance Fee None None None None
Ongoing Charge (capped)* 1% 1% 1% 1%
Inception Date 9th March 1998 9th March 2004 11th May 2015 4th August 2020

* Inclusive of the Annual Management Charge (AMC)

Fund Administrator

For fund administration and dealing services, please contact:

Brown Brothers Harriman Fund
Administration Services (Ireland) Ltd
30 Herbert Street, Dublin 2
D02 W329, Ireland
Registered No. 231236
T +353 1 603 6460
F +353 1 603 6310
findlayparkta@bbh.com

All data current as of 30th June 2020

Findlay Park American Fund Absolute Performance Since Inception

Source: Bloomberg. Past performance for the Fund is calculated using the USD share class, inclusive of any distributions, on a NAV to NAV basis and net of fees. Past performance should not be used as an indicator of future performance.

Cumulative Performance Data


orderwdt_IDFund NameYTDLast quarter1YR3YR5YR10YRSince Inception
2 2 Russell 1000 Net TR Index -3.1 21.7 6.9 33.2 59.8 248.6 313.6
3 3 S&P 500 Net TR Index -3.4 20.4 6.9 33.4 61.4 247.9 295.7
4 4 Russell 2000 Net TR Index -13.2 25.3 -7.0 4.9 20.9 160.8 285.5
1 16,637 Findlay Park American Fund -3.1 16.5 4.6 36.5 66.4 247.5 1234.8


Source: Bloomberg. Past performance for the Fund is calculated using the USD share class, inclusive of any distributions, on a NAV to NAV basis and net of fees. Past performance should not be used as an indicator of future performance.

Discrete Annual Performance Data


Orderwdt_IDfundname20192018201720162015CAGR (Inception)
2 2 Russell 1000 Net TR Index 30.7 -5.3 21.0 11.4 0.3 6.6
3 3 S&P 500 Net TR Index 30.7 -4.9 21.1 11.2 0.8 6.4
4 4 Russell 2000 Net TR Index 25.0 -11.4 14.2 20.8 -4.8 6.2
1 14,261 Findlay Park American Fund 26.8 0.8 23.0 9.1 2.0 12.3


Source: Bloomberg. Past performance for the Fund is calculated using the USD share class, inclusive of any distributions, on a NAV to NAV basis and net of fees. Past performance should not be used as an indicator of future performance.

Benchmark

The Fund aims to generate capital growth over the long-term and in doing so seeks to achieve a return above the return of the Russell 1000 Net 30% Total Return Index. The Fund principally invests in the shares of companies that conduct their business primarily in the US, Canada and Latin America or which derive a significant proportion of their revenue or profits from those regions. While we are aware that our investors will reference a benchmark when it comes to performance, stocks are selected on their individual merits and fit with our investment philosophy, not with reference to the benchmark. We think about performance in absolute as well as relative terms.

Risk Summary

Further information about the risks that apply to investing in the Findlay Park American Fund can be found in the Prospectus and the appropriate KIID and SID. These are available free of charge via this website or upon request (contact us).

The value of the Fund and any income from it is not guaranteed and can go down as well as up. As the Fund invests in various geographical markets, fluctuations in currency exchange rates may also cause the value or your investment to fall as well as rise. As a result of this and with the effect of transactions charges, investors may get back less than the amount invested. A full list of the risk factors to be considered before making an investment can be found in the Prospectus and the appropriate KIID and SID.

Findlay Park Funds plc Prospectus

UK Reportable Income Reports

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