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Risk Considerations
  1. The Fund is actively managed and invests mainly in a widely diversified portfolio of shares from smaller capitalisation companies in the United States.
  2. Investment in the Fund involves risks, including general investment risk, equity market risk, risks associated with depositary receipts, geographic concentration risk,  small and mid-capitalisation shares risk and exclusion criteria risk which may result in loss of a part or the entire amount of your investment.  
  3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
  4. The value of the Fund can be volatile and could go down substantially.
  5. Investors should not invest in the Fund solely based on this website.

 

Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

SICAV
US Smaller Companies Equity Fund
Seeks to increase the value of its shares, over the long term, through growth in the value of its investments.
ISIN LU0133096635
FACTSHEET
KFS
SFDR DISCLOSUR
31-Aug-2016 - Frank M. Alonso, Associate Director of Analyst Development,
Despite various headwinds, we believe U.S. equities continue to represent a more attractive investment than many alternatives. Overall, we remain steadfast in our long-term goal to invest in a diverse mix of small- to mid-cap growth and value U.S. equities, with valuations that underestimate the durability of growth or the turnaround potential of a company.

Overview
Strategy
Fund Summary
Actively managed and invests mainly in a widely diversified portfolio of shares from smaller capitalisation companies in the United States.
Performance - Net of Fees

Past performance is not a reliable indicator of future performance.

30-Nov-2023 - Curt Organt, Co-Portfolio Manager,
US equities advanced in November, enjoying their best month in over a year as investors welcomed signs of cooling inflation and falling bond yields. At the portfolio level, stock selection in information technology added the most value to relative returns. Shares of a security systems manufacturer advanced as quarterly results came in ahead of consensus due to a record quarter in fire radio sales. A consumer credit information services provider saw its shares appreciate despite mixed quarterly results amid a challenging loan origination backdrop. Our holdings in health care added further value, while stock picks in consumer discretionary also proved beneficial. Conversely, stock selection in industrials and business services detracted the most from relative returns. Shares of a contractor, engineered building, and specialised reliability solutions provider finished in modestly positive territory but trailed sector peers. Strong performance in its engineered buildings solutions segment was offset by weakness across the rest of its business. Energy also detracted due to an overweight allocation and stock selection.
30-Nov-2023 - Curt Organt, Co-Portfolio Manager,
Industrials and business services, information technology, health care, and financials remain the dominating sectors in the portfolio, all with greater than 10% of the equity allocation. During the month, we found opportunities across the various sectors, including energy. Within the sector, we seek selective exposure to high-quality, low-cost producers with attractive acreage for production and the ability to withstand sector headwinds.

Disclosure on Vendor Indices can be found here.