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Spyglass US Growth Fund (UCITS)

Key Facts

Fund Inception 27 September 2019
Fund AUM $482.5m
Fund Base Currency USD
Fund Type UCITS
Number of holdings 25
Style Russell 2500TM Growth Total Return
Registered for Sale UK, France, Sweden, Switzerland

Fund Codes

Bloomberg SUGFIUA
ISIN (Class I Accumulating) IE00BK6SB820

Fees

Ongoing charges 1.15%
Subscription Fee Up to 3%
Redemption Fee None
Management Fee 1%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $0

Overview

Investment Objective

The Spyglass US Growth Fund (UCITS) seeks to achieve long - term capital appreciation with a view to outperforming the Russell 2500TM Growth Total Return Index.

Investment Approach

The fund is a concentrated, long-only portfolio of 25 rapidly growing, US companies. The portfolio is comprised of best-in-breed businesses operating across a wide array of industries that are experiencing secular growth trends. The investment manager seeks to identify these businesses before the consensus opinion agrees with our expectations.

Investment Philosophy

Spyglass believes an essential skill is required to beat the market over the long-term is the ability to develop out-of- consensus opinions that are validated by other investors agreeing with them - later.

Investment Manager

Aravis Funds (Ireland) ICAV has appointed Spyglass Capital Management LLC of San Francisco as investment manager of the fund. More information on the investment manager can be found here at the Spyglass Capital website.

By selecting this link, you are leaving the Aravis Capital Ltd web site. This link to an external website is provided for informational purposes only. Neither Aravis Funds (Ireland) ICAV nor its affiliates are responsible for the content within this linked site and no endorsement of their content is implied.

 


 

Pricing & Performance

NAVs 30 June 2020

Share Class
Currency BLOOMBERG TICKER ISIN Inception NAV*
Class I Accumulating USD SUGFIUA IE00BK6SB820 25/10/2019 $12.64
Class I Distributing USD SUGFIUD IE00BK6SB937 23/12/2019  $11.46
Class I Accumulating EUR SUGFIEA IE00BK6SBD77 03/12/2019

€11.64

$13.08

 

Class I Distributing EUR SUGFIED IE00BK6SBF91 TBC  -
Class I Accumulating GBP SUGFIGA IE00BK6SBJ30 10/01/2020

 £11.75

$14.52

Class I Distributing GBP SUGFIGD IE00BK6SBK45 TBC  -


*The Net Asset Value is likely to have high volatility owing to its composition and the portfolio management techniques used.

Fund is less than 12 months old. Performance data is not available.

‘For further information on the fund's investment policy and specific fund risk information, please refer to the Key Investor Information Document (KIID). The prospectus is also available on this site.

Past performance is not a reliable indicator of future results.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Performance will not be shown for funds which do not have one full year of data available.’

Risk and Reward Profile

Risk chart

This indicator above is based on historical data and may not be a reliable indication of the future risk profile of the Fund. The risk category shown is not guaranteed and may change over time. The lowest category does not mean a risk-free investment.

This Fund is in risk category 6 due to the historic performance of a benchmark. The Fund may be subject to risks which are not included in the calculation of the risk-reward indicator. Reference should be made to the Prospectus for a fuller statement of the risks.

 


 

Portfolio

Sector Allocation


   

Top 5 Holdings

Exact Sciences
GoDaddy
Palo Alto Networks
Splunk
SVMK

 

Market Capitalisation Breakdown as of 31 May 2020

Performance (Net)(1) Spyglass Capital Strategy Russell 2500 Growth TR(1) Russell MidCap Growth(1) S&P 500 Total Return(1)
Weighted Market Cap (Billions) $14.6 $7.4 $21.7 $343
Median Market Cap (Billions) $9.6 $1.1 $9.5 $21.2
Number of Holdings 25
1,402
405
505
Long-term Earnings Growth Rates 21% 14% 16% 7%


(1) Portfolio characteristics provided by Bloomberg as of 31 October 2019. Russell 2500 TR characteristics and Russell MidCapGrowth characteristics reflect index data as provided by Bloomberg. S&P 500 data characteristics reflect SPDR S&P 500 ETF data provided by Bloomberg.

 


 

Resources

Literature Reports
US Growth Fund UCITS Factsheet Aravis Funds (Ireland) ICAV Prospectus
Quarterly Strategy Commentary Supplement Spyglass US Growth Fund (UCITS)
Aravis Funds (Ireland) ICAV -  Financial Statements 31 December 2019
Aravis Funds (Ireland) ICAV -  Auditor's Report
  Aravis Funds (Ireland) ICAV - Spyglass US Growth Fund (UCITS) Report to Particpants
  Aravis Funds (Ireland) ICAV - Spyglass US Growth Fund (UCITS) Computation of reportable income 

Key Investor Information Documents

KIID - Class I USD Accumulating

KIID - Class I USD Accumulating – French

KIID - Swedish

 


 

Contact

Shareholder Relations
Spyglass US Growth Fund (UCITS)
RBC Investor Services Ireland Limited
4th Floor
One George’s Quay Plaza
George’s Quay
Dublin 2
Ireland
T: 353 1 4406555
F: 353 1 6130401
E: Dublin_TA_Customer_Support@rbc.com
W: www.rbcgroup.com
Distributor
Aravis Capital
123 Pall Mall
St James’s
London
SW1Y 6EA

T: 44 020 3813 3110
E: james.alexander@aravis-capital.com
W: www.aravisfunds.com