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 clients 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 clients 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 - $111.37
Sterling Hedged Class - £58.96
Sterling Unhedged Class - £84.34
(NAV as at close of the last relevant market on 29th June 2018)

Structure

An Irish domiciled UCITS fund with FCA Recognised status in the UK.

The Fund has UK Reporting Status.

The Fund is registered for sale in the UK and Ireland; and may only be distributed in or from Switzerland to qualified investors. None of the shares may 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 additional information.

The Fund is closed to new investors but existing investors may add to their holdings.

Share class information

Share Class Dollar Class Sterling Hedged Class Sterling Unhedged Class
SEDOL
ISIN
0245867
IE0002458671
B00J0F1
IE00B00J0F11
BWY58M2
IE00BWY58M24
Ongoing Charge (capped) 1% 1% 1%
Performance Fee None None None
Dealing Charges Nil Nil Nil
Inception Date 9th March 1998 9th March 2004 11th May 2015

Fund Administrator

For fund administration and dealing services, contact:

Brown Brothers Harriman Fund Administration Services (Ireland) Ltd

T +353 1 603 6460 | F +353 1 603 6310 | E findlayparkta@bbh.com

All data current as of 29th June 2018

Findlay Park American Fund Absolute Performance Since Inception

Cumulative Performance Data

YTD 2Q18 1YR 3YR 5YR 10YR SINCE INCEPTION
American Fund Dollar Class 3.4% 2.4% 14.0% 39.0% 79.4% 176.6% 1015.0%
Russell 1000 Net TR Index 2.6% 3.4% 13.9% 36.7% 81.9% 148.5% 253.8%
S&P 500 Net TR Index 2.4% 3.3% 13.7% 37.6% 82.0% 146.9% 237.4%
Russell 2000 Net TR Index 7.5% 7.7% 17.1% 35.0% 76.4% 162.9% 330.6%

Discrete Annual Performance Data

2017 2016 2015 2014 2013
American Fund Dollar Class 23.0% 9.1% 2.0% 9.9% 29.0%
Russell 1000 Net TR Index 21.0% 11.4% 0.3% 12.6% 32.3%
S&P 500 Net TR Index 21.1% 11.2% 0.8% 13.0% 31.6%
Russell 2000 Net TR Index 14.2% 20.8% -4.8% 4.5% 38.3%

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

With effect from 1st January 2014 the Benchmark was changed to the performance of Russell 1000 Net 30% Total Return Index. Previously the benchmark had been based upon price return indices and as a result of moving to total return, all historic performance data for the relevant indices is shown using the net total return values. The Benchmark for the period from the date of inception to 31st December 2010 was the performance of the Russell 2000 Index. During the period 1st January 2011 to 31st December 2013, it was changed to the combined performance of the Russell 2000 Index and the S&P 500 Index.

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.

Sector Exposures (GICS)

29th June 2018


Geographical Exposures

29th June 2018


Ten Largest Holdings

29th June 2018
29th June 2018
Ten Largest Holdings All other Holdings Cash & Fixed Interest Total
36.2% 48.2% 15.6% 100.0%

Fund Documentation

Factsheets

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KIID

The most recent shares reports are available to download. Please select from the drop-down list below.

UK Reportable Income Reports

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