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INVESTOR PROFILE

Key Facts

ISIN IE00B6X2JP23

NAV: 43.67 EUR

NAV DATE: 29-Apr-2025

YTD PERF: -8.1%

YTD PERF. DATE: 31-Mar-2025

Total Net Assets (all classes, m) 912.9 EUR

Number of holdings 30

Weight of top 10 stocks 59.1%

Share Class Currency EUR

SFDR Article 8

Key Documents View all documents

Monthly Report
Quarterly Report
Prospectus
PRIIPS Key Information Document

RISK INDICATOR

Lower Risk Higher Risk

1 2 3 4 5 6 7

This indicator represents the Fund’s risk level set out in the Key Information Document. It is not guaranteed and may change during the month.

Investment Policy

A Sub-Fund of Comgest Growth plc.
The objective of the Sub-Fund ("the Fund") is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies. The Fund will invest at least two-thirds of its assets in securities issued by companies that have their headquarters in, or principally carry out their activities in America or in securities issued or guaranteed by the American government.
The Fund is actively managed. The index is provided for comparative purposes only.
The Fund is aimed at investors with a long-term investment horizon (typically 5 years or more).

Main Risks

This fund has the following core inherent risks (non-exhaustive list):

• Investing involves risk including possible loss of principal,

• The value of all investments and the income derived therefrom can decrease as well as increase,

• There is no assurance that the investment objective of the fund will be achieved,

• When a Share Class is denominated in a currency that is different from yours, changes in exchange rates can negatively impact both the value of your investment and the level of income received.

A more detailed description of the risk factors that apply to the fund is set out in the Prospectus.

PERFORMANCE & HOLDINGS As of 31-Mar-2025

CUMULATIVE PAST PERFORMANCE

Cumulative returns shown are monthly returns calculated on the last business day of each month.

Index: S&P 500 - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
Please note that performance is rebased to 100.
For additional information on the index and the fund’s inception date, please refer to the monthly report.

Calendar Past Performance

This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years compared to the index.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past and compare it to the index. For the avoidance of doubt, the fund is actively managed. The index performance is provided for comparative and information purposes only.

 

Performance is shown after the deduction of ongoing charges. Any applicable entry and exit charges are excluded from the calculation. This share class came into existence in 2012. Past performance has been calculated in EUR.

 

Rolling Net (%)

Annualised
QTD YTD 1Y 3Y 5Y 10Y Inception
Fund -8.1 -8.1 1.2 8.9 15.4 10.9 14.3
Index -8.3 -8.3 7.8 9.6 18.4 11.8 14.7

Rolling Volatility (%)

Annualised
1Y 3Y 5Y 10Y
Fund 15.4 16.4 16.1 16.3
Index 15.2 15.5 15.9 16.8

Calendar Year Past Performance (%)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 11.6 7.5 5.0 6.6 30.0 13.5 34.6 -16.3 28.1 22.4
Index 12.2 14.6 6.4 -0.2 33.1 8.0 37.9 -13.2 21.4 32.8

Annual Performance (%) As At Quarter End

Q1 2020
-Q1 2021
Q1 2021
-Q1 2022
Q1 2022
-Q1 2023
Q1 2023
-Q1 2024
Q1 2024
-Q1 2025
Fund 34.5 17.8 -3.8 32.7 1.2
Index 45.2 21.6 -6.0 30.0 7.8

Index: S&P 500 - Net Return. The index is used for comparative purposes only and the fund does not seek to replicate the index.
For additional information on the index and the fund’s inception date, please refer to the monthly report.

Past performance does not predict future returns.

Performance figures are calculated net of investment management fees, administrative fees and all other fees with the exception of sales charges. If taken into account, sales charges would have a negative impact on performance.

TOP 5 HOLDINGS

Company Name Weight (%)
Microsoft 9.2
Eli Lilly 9.1
Oracle 7.9
Apple 5.9
Visa A 4.8

The above equity exposures are provided for information only, are subject to change and are not a recommendation to buy or sell the securities.

Past performance does not predict future returns.

Breakdowns based on Comgest data, GICS sector and MSCI country classifications.

Past performance does not predict future returns.

1Y 5Y
1 year performance scenario
Jun-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Jan-2025 Feb-2025 Mar-2025
Favourable performance scenario 42.6% 42.6% 42.6% 42.6% 42.6% 42.6% 42.6% 42.6%
Moderate performance scenario 13.5% 13.5% 13.5% 13.9% 13.9% 14.1% 14.1% 14.1%
Unfavourable performane scenario -16.3% -16.3% -16.3% -16.3% -16.3% -16.3% -16.3% -16.3%
Stressed performance scenario -87.9% -87.8% -87.8% -87.8% -87.8% -87.8% -73.0% -56.7%
5 year performance scenario
Jun-2024 Aug-2024 Sep-2024 Oct-2024 Nov-2024 Jan-2025 Feb-2025 Mar-2025
Favourable performance scenario 17.5% 17.5% 17.5% 17.5% 17.5% 17.5% 17.5% 17.5%
This type of scenario occurred for an investment between the following years
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Oct-2016
Oct-2021
Moderate performance scenario 13.6% 13.6% 13.6% 13.8% 13.9% 14.0% 14.3% 14.3%
This type of scenario occurred for an investment between the following years
Aug-2018
Aug-2023
Aug-2018
Aug-2023
Aug-2018
Aug-2023
Apr-2019
Apr-2024
Nov-2017
Nov-2022
May-2018
May-2023
May-2016
May-2021
Mar-2018
Mar-2023
Unfavourable performane scenario 4.4% 3.6% 3.9% 4.0% 5.2% 4.1% 2.7% 0.2%
This type of scenario occurred for an investment between the following years
Jun-2023
Jun-2024
Aug-2023
Aug-2024
Aug-2023
Sep-2024
Aug-2023
Oct-2024
Nov-2023
Nov-2024
Jan-2024
Jan-2025
Feb-2024
Feb-2025
Mar-2024
Mar-2025
Stressed performance scenario -33.1% -33.1% -33.1% -33.1% -33.1% -22.7% -21.5% -21.1%

What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product  and/or, in case of insufficient track record, a comparable share class or benchmark, over the last 10 years. The scenarios shown are illustrations based on results from the past and on certain assumptions.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the product. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The stress scenario shows what you might get back in extreme market circumstances.

INVESTMENT TEAM

VIEW FULL TEAM

Christophe Nagy joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in US equities. He is also a member of the Comgest Group's Investment Committee.

Christophe co-leads Comgest’s US equity strategy and has played an instrumental role in building the US equity team and guiding their research activities. Before joining Comgest, he worked at Mercer Consulting from 1991, at Carmignac Gestion from 1998 where he managed global growth portfolios, and then from 2002 as a Senior Portfolio Manager at Edmond de Rothschild Asset Management.

Christophe holds a Master’s degree in Engineering from Ecole des Mines in St-Etienne in France and received an MBA from the INSEAD graduate business school near Paris in 1991. 

Justin Streeter joined Comgest in 2015 and is an Analyst and a Portfolio Manager specialising in US equities.

Justin co-leads the management of the US Equity strategy and contributes strongly to idea generation, researching US companies within a broad range of sectors. He previously worked at J.P. Morgan in San Francisco in 2013 as an M&A Healthcare Analyst and, prior to that, at J.P. Morgan’s London office in a similar role. Justin began his career with Macquarie Capital Partners (London) and Société Générale (Paris).

Justin graduated from Emlyon Business School (France) with a Master’s degree in Management and Corporate Finance. He is also a CFA® charterholder.

Louis Citroën joined Comgest in 2019 and is an Analyst and Portfolio Manager specialising in US equities.

Louis co-leads the management of the US Equity strategy and contributes strongly to idea generation, researching US companies across a broad range of sectors. Prior to joining Comgest, he was an Equity Analyst covering telecoms and media stocks at Arete Research in London for five years. Louis previously worked from 2011 as a Small Cap Equity Analyst at Financière de l’Echiquier and began his career in 2009 as a management consultant at Oliver Wyman in Paris.

He holds a Master’s degree in Management from ESCP Business School (France, UK, Germany) and is a CFA® charterholder.

Rémi Adam joined Comgest in 2019 and is an Analyst and Portofolio Manager specialising in US equities.

After starting his career in 2014 as a Global Equity Analyst at Amundi in London, Remi moved to Paris and Frankfurt where he was an Equity Analyst covering media and telecom stocks at Oddo Securities for three years.

He holds a Master’s degree in Risk & Finance from EDHEC Business School and is a CFA® charterholder.

Investment Team listed above may include advisors from affiliates within the Comgest Group.

Details

Investment Manager COMGEST ASSET MANAGEMENT INTERNATIONAL LIMITED
Sub Investment Manager Comgest S.A.
Management company None / Comgest Growth plc is self-managed
Fund Name COMGEST GROWTH AMERICA
Share Class COMGEST GROWTH AMERICA EUR R ACC
ISIN Code IE00B6X2JP23
Bloomberg Code CRMGECR ID
Share Class Currency EUR
Fund Base Currency USD
Share Class Distribution Policy Accumulation
Hedged No
UCITS Yes
Share Class Inception Date 15-Jun-2012
Fund Domicile IRELAND
Investment Management Fee 2.00%
Ongoing charges 2.07%
Maximum entry fee 2.00%
  • Monthly Report
  • Quarterly Report
  • Semi-annual Report
  • Annual Report
  • Prospectus
  • PRIIPS Key Information Document
  • Integration of Sustainability Risks
  • PAI Statement
  • Remuneration Policy
  • Sustainability Related Disclosures
  • Complaints Handling
Comgest

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