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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 - $130.65
Sterling Hedged Class - £66.21
Sterling Unhedged Class - £106.03
(NAV prices accurate as of close of the last relevant market on 28th May 2020.)

Fund Governance Structure and Distribution

Findlay Park Partners LLP is the investment manager for Findlay Park Funds plc, an umbrella fund incorporated in Ireland as an Undertaking for Collective Investment in Transferable Securities (UCITS).The Findlay Park American Fund is the sole sub-fund. An independent Board of Directors oversees the operation of this Fund and ensures that shareholders’ interests remain paramount. The Fund’s Board are supported by service providers including Brown Brothers Harriman who offer depository, fund accounting and administration, transfer agency and trustee services. The Fund has FCA Recognised status in the UK and UK Reporting Status.

The Fund is registered for sale in the United Kingdom, Ireland, Switzerland (Qualified Investors only), 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 USA 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 (e.g. professional wealth managers) and their underlying clients, current and new.

Share class information

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

* 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 31st October 2019

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


wdt_IDFund NameYTDLast quarter1YR3YR5YR10YRSince Inception
1 Findlay Park American Fund 19.4 1.1 16.1 52.5 69.5 263.1 1197.0
2 Russell 1000 Net TR Index 22.5 1.3 13.5 48.5 60.4 241.0 300.1
3 S&P 500 Net TR Index 22.6 1.6 13.6 49.0 61.8 239.1 284.0
4 Russell 2000 Net TR Index 16.8 -2.5 4.5 35.0 39.9 205.8 314.9


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


wdt_IDfundname20192018201720162015CAGR (Inception)
1 Findlay Park American Fund 26.8 0.8 23.0 9.1 2.0 12.8
2 Russell 1000 Net TR Index 30.7 -5.3 21.0 11.4 0.3 6.9
3 S&P 500 Net TR Index 30.7 -4.9 21.1 11.2 0.8 6.7
4 Russell 2000 Net TR Index 25.0 -11.4 14.2 20.8 -4.8 7.1


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

The value of investments and income from them may go down as well as up, and you may not get back the original amount invested. Where an investor’s own currency is different to the currency of the Fund’s investments, returns may be affected by fluctuations in currency exchange rates. Past performance is not a reliable indicator of future results. FPP accepts no liability for any loss or damage arising out of the use or misuse of or reliance on the information provided including, without limitation, any loss of profits or any other damage, whether direct or consequential.

Nothing contained in this document constitutes investment, accounting, tax or legal advice or an offer to sell, or a solicitation of any offer to buy, any interests or shares in any investment. Any subscription in the Fund will be subject to the terms, including a list of risk factors and conflicts of interest, set out in the Fund’s Prospectus, Key Investor Information Document and Supplementary Information Document. Copies of these documents are available https://www.findlaypark.com/american-fund/ (Documents).

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).

Fund Documents

Findlay Park Funds PLC Prospectus

UK Reportable Income Reports

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