It has returned 45 per cent during this time at a volatility of 15.9 per cent, while the average fund in the IMA North America sector has returned 26.3 per cent with 17.4 per cent volatility. It is not necessarily the best bet for someone who relies on the income, though: the yield is disappointing, at 1.6 per cent.
Performance of fund vs sector over 10-yrs
Source: FE Analytics
Its longer-term track record is also impressive; over a decade the £368.1m fund has returned around 25 per cent while taking on the same amount of risk as its peers, which returned 14 per cent.
The portfolio
The fund’s top-10 holdings include Comcast, Microsoft and Cisco, and it also has smaller holdings in Krispy Kreme Doughnuts and Kraft Foods.
It is a fairly concentrated portfolio of around 60 companies, and its top-10 stocks account for 30 per cent of its holdings.
"Valuations are close to two-decade lows and we believe this continues to offer investors some margin of safety should events in Europe take a turn for the worse," manager Sebastian Radcliffe said recently.
Alternatives
Income from a US fund is an unusual remit; investors usually prefer to stick to home territory for dividends. There are a few options in the European space but returns have been volatile and few have a track record longer than five years.
Adventurous investors could look at emerging markets for income, as it is becoming a popular asset class.
FE Trustnet recently outlined a few vehicles that have impressive yields and look further afield than the UK.
Our verdict
This fund can act as a diversifier for portfolios, but the risks are higher than they would be at home and experts have started to question whether managers in the US can really add value, given how well-researched companies in the region are.