Morningstar Fund Report  | 02/04/2025Print

Comgest Growth Global USD Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Comgest Growth Global USD Acc
Fund8.8-15.219.511.1-3.7
+/-Cat-5.72.83.5-4.12.7
+/-B’mrk-9.23.7-2.8-12.94.9
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
31/03/2025		 USD 45.87
Day Change -0.02%
Morningstar Category™ Global Large-Cap Growth Equity
ISIN IE0033535075
Fund Size (Mil)
31/03/2025		 USD 907.06
Share Class Size (Mil)
31/03/2025		 USD 300.89
Max Initial Charge 4.00%
Ongoing Charge
18/02/2025		  1.58%
Investment Objective: Comgest Growth Global USD Acc
The investment objective of the Fund is to achieve capital appreciation by creating a professionally managed portfolio consisting of what in the opinion of the Investment Manager, are international and diversified growth securities. In pursuit of the Investment Objective, the Investment Manager intends investing on a global basis in shares or equity linked securities including depositary receipts, preferred stock, convertible bonds and debentures which are convertible into equity securities issued by companies quoted or traded on Regulated Markets.
Returns
Trailing Returns (GBP)31/03/2025
YTD-3.73
3 Years Annualised5.67
5 Years Annualised8.39
10 Years Annualised9.56
12 Month Yield 0.00
Management
Manager Name
Start Date
Alexandre Narboni
02/07/2019
Laure Négiar
31/03/2013
Click here to see others
Inception Date
28/11/2003

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USDMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Comgest Growth Global USD Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.230.0096.23
Bond0.000.000.00
Property0.000.000.00
Cash3.770.003.77
Other0.000.000.00
Top 5 Regions%
United States57.41
Eurozone17.81
Europe - ex Euro8.26
Asia - Developed6.88
Japan5.97
Top 5 Sectors%
Technology30.42
Healthcare27.52
Basic Materials10.98
Financial Services9.85
Industrials7.74
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology6.63
Microsoft CorpTechnologyTechnology6.33
Visa Inc Class AFinancial ServicesFinancial Services5.56
Eli Lilly and CoHealthcareHealthcare5.16
Linde PLCBasic MaterialsBasic Materials5.14
Increase Decrease New since last portfolio
Comgest Growth Global USD Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Comgest Growth Global USD Acc
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return6.1817.4518.028.83-15.2519.5211.06-3.73
+/- Category10.92-6.78-5.68-5.732.833.50-4.132.75
+/- Category Index----9.233.72-2.78-12.894.87
% Rank in Category2946178393065-
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.02   1.650.48
1 Week-2.25   0.922.08
1 Month-6.93   0.421.44
3 Months-3.73   2.894.87
6 Months-2.54   -1.00-1.61
YTD-3.73   2.894.87
1 Year-2.26   -0.73-5.24
3 Years Annualised5.67   2.12-0.97
5 Years Annualised8.39   -1.91-4.60
10 Years Annualised9.56   0.42-1.49
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.73---
20249.393.11-2.741.23
20237.265.72-3.509.23
2022-8.22-8.730.031.15
2021-2.295.450.834.76
2020-7.0215.523.556.11
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage4 star
5-YearAverageLow3 star
10-YearAverageLow4 star
OverallAverageLow4 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.92 %
3-Yr Mean Return6.52 %
 
3-Yr Sharpe Ratio0.18
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  DJ Islamic World TR USD
3-Yr Beta0.930.99
3-Yr Alpha-0.84-1.18
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 251657-
Market Capitalisation% of Equity
Giant59.59
Large35.00
Medium5.40
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings27.271.13
Price/Book5.531.12
Price/Sales6.041.62
Price/Cash Flow19.761.20
Dividend-Yield Factor1.151.01
 
Long-Term Projected Earnings Growth11.611.03
Historical Earnings Growth14.551.09
Sales Growth8.660.96
Cash-Flow Growth13.701.13
Book-Value Growth10.370.93
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.230.0096.23
Bond0.000.000.00
Property0.000.000.00
Cash3.770.003.77
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States57.410.87
Canada0.000.00
Latin America0.000.00
United Kingdom3.660.71
Eurozone17.811.67
Europe - ex Euro8.261.55
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan5.971.94
Australasia0.000.00
Asia - Developed6.881.87
Asia - Emerging0.000.00
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials10.983.91
Consumer CyclicalConsumer Cyclical5.710.46
Financial ServicesFinancial Services9.850.66
Consumer DefensiveConsumer Defensive4.070.83
HealthcareHealthcare27.521.99
Communication ServicesCommunication Services3.710.45
IndustrialsIndustrials7.740.71
TechnologyTechnology30.421.03
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings31
Total Number of Bond Holdings0
Assets in Top 10 Holdings49.81
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan6.63
Microsoft Corp311United States6.33
Visa Inc Class A103United States5.56
Eli Lilly and Co206United States5.16
Linde PLC101United States5.14
Essilorluxottica206France4.46
ASML Holding NV311Netherlands4.34
Johnson & Johnson206United States4.25
Alcon Inc206Switzerland4.08
S&P Global Inc103United States3.86
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyComgest Asset Management Intl Ltd
Phone-
Website -
Address6th Floor, 2 Grand Canal Square
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date28/11/2003
Fund Advisor(s)
Comgest Asset Management Intl Ltd
Fund ManagerAlexandre Narboni
Manager Start Date02/07/2019
Career Start Year2003
Education
Columbia University, M.S.
National School of Statistics and Economic Administration
 
Biography
Alexandre Narboni joined Comgest in 2009 and is an Analyst and Portfolio Manager specialising in Global equities. He is also a member of the Comgest Group's Investment Committee. Alexandre is also responsible for developing and supervising Comgest’s Flex strategies, the firm's first investment strategies to employ hedging techniques with the objective of reducing volatility and drawdowns. He previously worked in the Group’s US equity team. Before joining Comgest, he worked in New York in asset-backed securities at Société Générale from 2005-2007 and then as a hedge fund credit Analyst at HSBC. Alexandre graduated from the National School of Statistics and Economic Administration (ENSAE) in Paris and Columbia University in New York where he was awarded a Master’s degree in Financial Mathematics.
Fund ManagerLaure Négiar
Manager Start Date31/03/2013
Career Start Year2009
Education
Stanford University, B.A./B.S.
HEC Business School, M.S.
 
Biography
Laure Négiar joined Comgest in 2010 and is an Analyst and Portfolio Manager specialising in Global equities. She is also a non-executive member of the Board of Partners and the Global Equity Team manager. Laure co-manages Comgest's Global and EAFE (Global ex-US) strategies as well as the team’s segregated accounts. Before joining Comgest, she worked at BNP Paribas Equities & Derivatives in Paris and London, and prior to that worked in several roles within the US government. Laure obtained a Bachelor’s degree in Public Policy from Stanford University (with Honours and Phi Beta Kappa) before graduating on the Dean's list with an MSc in Management from the HEC business school in France. She is also a CFA® charterholder.
Fund ManagerZak Smerczak
Manager Start Date30/06/2017
Career Start Year2006
Education
University of Cape Town, B.B.S
 
Biography
Zak Smerczak joined Comgest in 2016 and is an Analyst and Portfolio Manager specialising in Global equities. He is also a member of the Comgest Group's Investment Committee. Zak started his career in 2006 at Deloitte in London, initially in Assurance & Advisory Services before moving to Transaction Services where he was responsible for operational and financial due diligence. In 2011, Zak joined Mirabaud Asset Management where he worked as an Analyst covering global equities. In 2015, he moved to Polar Capital Holdings where he held the position of Analyst / Portfolio Manager for the firm’s global multi-asset income strategy. Zak holds a Bachelor of Business Science Degree with Honours in Finance from the University of Cape Town. He is a CFA® charterholder and has been a member of the Institute of Chartered Accountants of Scotland since 2009.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge4.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.58%
Purchase Details
Minimum Investments
Initial50  USD
Additional-
Savings0  USD
Tax Free Savings Schemes
ISAsYes