HSBC American Growth Income Units
Also available as accumulation units
At a glance
| Initial charge | 4.00% |
|---|---|
| Initial saving | 4.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.67% |
| Launch date | 31-10-1978 |
| Launch price | £1.00 |
| Sector | North America |
| Fund size | £59 million |
| Number of holdings | 102 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
It has not been an easy ride for investors. The fund has struggled due to its large exposure to the financial and energy sectors, both of which have proven exceptionally weak in recent months. Davis’ Advisors are keen to point out that they do not make forecasts for the economy and focus on investing in durable businesses with long term growth prospects. The key point they stress is they aim to hold companies for the long term.
Full research
About the Fund Manager
Kenneth Feinberg
Located in: New York
Kenneth C. Feinberg - Portfolio Manager, Davis Advisors. Kenneth Feinberg with Chris Davis is Portfolio Manager for all large cap value equity and financial stock portfolios at Davis Advisors. He joined Davis Advisors in 1994. Previously, he was a Vice President at the Continental Corporation and a capital and business analyst for the General Foods Corporation. Mr. Feinberg received his M.B.A. from Columbia University and his B.A. from Johns Hopkins University.
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Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 16 September 2008 |
|---|---|
| Payment date ³ | 15 November 2008 |
Top 10 holdings
| Berkshire Hathaway Inc. Cl A | 5.52% |
|---|---|
| Costco Wholesale Corp. | 5.19% |
| JPMorgan Chase & Co. | 4.95% |
| ConocoPhillips | 3.87% |
| Devon Energy Corp. | 3.73% |
| Occidental Petroleum Corp. | 3.62% |
| American Express Co. | 3.23% |
| EOG Resources | 3.19% |
| Philip Morris International | 3.11% |
| Wells Fargo & Co. | 2.98% |
Top 10 sectors
| Oil & Gas Producers | 15.94% |
|---|---|
| Nonlife Insurance | 12.77% |
| General Retailers | 8.90% |
| Banks | 8.69% |
| Financial Services | 8.38% |
| Media | 5.32% |
| Tobacco | 4.49% |
| Technology Hardware & Equipment | 3.23% |
| Cash and Equiv. | 3.13% |
| Software & Computer Services | 2.73% |
Top 10 countries
| United States | 83.00% |
|---|---|
| Cash and Equiv. | 3.13% |
| Canada | 2.72% |
| United Kingdom | 2.39% |
| Germany | 2.25% |
| Hong Kong | 1.60% |
| Japan | 1.22% |
| Mexico | 1.19% |
| Netherlands | 0.89% |
| China | 0.68% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 28-11-2008. Data accurate as at 31/10/2008.
