Brown Advisory US Smaller Companies Fund Sterling Class B Dis

A Select 50 Fund - Fidelity insight

Category US Small-Cap Equity

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

£27.13

arrow-up£0.28 (+1.04%)

Fund Code

BRCBI

B0PVDH5

IE00B0PVDH59

Prices updated as at 05 Nov 2024

Prices in GBP

Investment objective

The objective of the Fund is to achieve capital appreciation by investing primarily in U.S. equities. The Fund invests at least 80% of its net assets in equity securities of small U.S. companies. The Fund seeks to invest primarily in small companies with above average growth prospects and which are listed or traded on the U.S. markets and exchanges listed in Appendix I of the Prospectus. Small companies are companies whose market capitalisations are equal to or less than $6 billion at the time the Fund purchases the issuer’s securities (“Market Capitalisation Range”). The Fund may also invest in U.S. Rule 144A Securities, American and Global Depositary Receipts, US treasury bills, fixed and/or floating rate U.S. government securities and ancillary liquid assets subject to the limits set out in the Prospectus.

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

Why we like the fund: This fund invests in smaller companies listed in the United States. This requires extensive resourcing because following these companies demands ongoing dialogue with executives and because there are simply lots of them. They are often riskier than their larger counterparts because they may have fewer products or operate in fewer regions. Brown Advisory is based in the US and has an extensive team researching and investing in smaller companies. The manager is also experienced at running a fund like this and US smaller company investing is a strength of the wider business. How to use the fund: This fund is likely to require a long investment horizon of ten years or more. This should allow investors to benefit from the rewards that should come from an above-average-risk investment. The fund is a useful addition to a diversified portfolio for investors seeking additional risk and reward in a portfolio.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.