Fund Structure and Distribution
Findlay Park Partners LLP (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, Singapore (MAS list of restricted schemes), Austria, France, Germany, Italy, Spain, Luxembourg, Netherlands and Finland. 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.
||Sterling Hedged Class
||Sterling Unhedged Class
||Euro Unhedged Class
|Ongoing Charge (capped)*
||9th March 1998
||9th March 2004
||11th May 2015
||4th August 2020
* Inclusive of the Annual Management Charge (AMC)
The integration of Environmental, Social and Governance (“ESG”) factors into our investment process is guided by our Investment Philosophy and is applied to all stocks in the American Fund portfolio. ESG risks are increasingly impacting both corporate and financial performance. Consideration of these issues plays an important role in delivering our purpose: to generate compelling compound returns for our investors, measured over decades.
We aim to invest in great businesses, and believe that responsibly managed companies are best placed to provide superior long-term investment opportunities. Although we assess the materiality of ESG issues and risks on the financial performance of companies, we do not review “sustainability impacts” in their own right. Meaning, we do not look for companies to achieve sustainability outcomes alongside financial performance, and we do not systematically avoid certain practices or sectors (although many controversial businesses tend not to fit with our Investment Philosophy’s strict criteria). Therefore, we do not consider all “principal adverse sustainability impacts” as defined by the EU Sustainable Finance Disclosure Regulation (SFDR).*
A description of how we integrate ESG risks into our investment decision making process for the Fund is set out in our Responsible Investment & Engagement Policy, as well as the Fund’s Prospectus (p. 87-89). Findlay Park Funds plc delegates investment management of the American Fund to Findlay Park and, therefore, the approach to responsible investment is the same for both Findlay Park and Findlay Park Funds plc. In addition, the remuneration policies for both Findlay Park and Findlay Park Funds plc are consistent with our integration of ESG risks into the investment process for the American Fund.
*SFDR seeks to provide shareholders with greater transparency in relation to how sustainability risks are managed within the financial services sector. SFDR distinguishes between the consideration of ESG factors as risks to investments, and the external impact these investment decisions have on sustainability factors. The latter is defined as “principal adverse sustainability impacts” and requires consideration of specific impact indicators, not all of which are reported by North American companies (e.g. greenhouse gas emissions, biodiversity, water emissions, hazardous waste, gender pay gap). We monitor a number of ESG issues based on their materiality (e.g. climate warming potential, employee satisfaction, cyber risk). We do not look at the external impacts of these companies in and of themselves, nor do we systematically avoid or exclude certain companies based on these factors.
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