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Contact details

Woolgate Exchange, 25 Basinghall St, London, EC2V 5HA
+44 (0)20 7597 1818 (Fax Number)
+44 (0)20 7597 1900 (Main Number)

Fund managers

* Mark Wynne Jones20-Aug-2012 to Present
* David Lynch»01-Oct-2013 to Present
Alastair Mundy»20-Aug-2012 to 30-Sep-2013
Connor Browne»01-Nov-2008 to 19-Aug-2012
Ed Maran»01-Nov-2008 to 19-Aug-2012
Bill Fries»23-Sep-2002 to 30-Nov-2009
Connor Browne»01-Jan-2007 to 31-Oct-2007
Ed Maran»01-Jan-2007 to 31-Oct-2007

Investment objectives

The Fund aims to achieve long term capital growth primarily through investment in a portfolio of equities issued by USA companies and in derivatives the underlying assets of which are equities issued by USA companies.

Key Information

Fund vs sector

  1y 3y
Position 30 / 114 97 / 104
Quartile 2 4

Fund ratings

NeutralMstar OBSR
FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 7.29 13.49
Alpha 0.27 -7.84
Beta 0.91 1.24
Sharpe 1.77 0.85
Info Ratio -0.44 -0.74
R2 0.86 0.87
Quartiles:   1  2  3  4   help with ratios
vs. IMA North America»
performance chart
ACC +19.0+50.8+46.6+20.6+5.0-15.1+14.5
  IMA NORTH AMERICA   +16.3+65.8+89.8+26.5+12.7-3.6+18.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf INVESTEC AMERICAN I ACC GBP ACC 142.17 (p) 18-Dec-2014 0.56 0.84% AEE9 B1XFJ34
pdf INVESTEC AMERICAN B ACC GBP ACC 224.69 (p) 18-Dec-2014 0.15 1.34% GO47 3306426
pdf INVESTEC AMERICAN S ACC GBP ACC 167.55 (p) 18-Dec-2014 1.16 0.09% I208 B1FQH42
pdf INVESTEC AMERICAN R ACC GBP ACC 144.54 (p) 18-Dec-2014 0.40 1.09% I3YB B839DR7
pdf INVESTEC AMERICAN A ACC USD ACC 342.86 (USX) 18-Dec-2014 0.00 1.59% IY95 B01NHS4
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf INVESTEC AMERICAN A HEDGED ACC GBP ACC 174.38 (p) 18-Dec-2014 0.00 1.64% FAV5 B3XFGN7
pdf INVESTEC AMERICAN A ACC GBP ACC 218.83 (p) 18-Dec-2014 0.00 1.59% IF97 3203334

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£181.8m / $284.6m (18-Dec-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch23-Sep-2002
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge4.50%
Annual management charge1.50%
Note to chargesInitial Charges: Max; Annual Management Charges: max.1.50;
Trustee / DepositaryState Street Trustees Limited
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyJan 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United States Equity Mixed IMA North America
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
UNITED STATES TREASURY NOTE/BOND 0.25% 15/10/2015 4.30 2 - -
MEDTRONIC INC 4.00 4 - -
WELLPOINT INC 3.50 7 - -
WALMART 3.50 8 - -
CARNIVAL CORP 3.50 9 - -
Regional weightings, 31-Oct-2014
North America84.401 84.40% North America
Cash11.302 11.30% Cash
Bonds4.303 4.30% Bonds
Sector weightings, 31-Oct-2014
Consumer Discretionary20.101 20.10% Consumer Discretionary
Health Care19.102 19.10% Health Care
Information Technology14.503 14.50% Information Technology
Cash11.304 11.30% Cash
Financials10.905 10.90% Financials
Consumer Staples7.606 7.60% Consumer Staples
Energy6.007 6.00% Energy
Industrials5.308 5.30% Industrials
Fixed Interest4.309 4.30% Fixed Interest
Materials0.9010 0.90% Materials

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

North American Equities, 84.40%
84.4000% ofNorth American Equities
Cash, 11.30%
11.3000% ofCash
Bonds, 4.30%
4.3000% ofBonds

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Sector analysis


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