Easterly US Value Equity Fund

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155.65
29 November 2021
ISIN
IE00BMX0K335
Currency
USD
SFDR classification
Article 6
Benchmark
Russell 3000 Value NR USD
Category
US Large-Cap Value Equity
Investment Style
Large Value
Fund Size
USD48m

INVESTMENT OBJECTIVES

The Fund aims to achieve long-term capital growth by investing in a portfolio of U.S. Equities.

The Fund’s Sub-Investment Manager, Easterly Investment Partners, was founded in 1982 and is a long only, value-orientated asset management firm headquartered in Massachusetts, USA.

The Sub-Investment Manager aims to identify U.S. businesses, whose equities are trading at excessive discounts on a relative and absolute basis. Employing a process that is frequently contrarian and always catalyst driven, the Manager then isolates the 25-40 best investment ideas, across all market capitalizations. Their rigorous proprietary analysis helps them to identify the presence of some form of significant catalyst. This part of the process affords them a different return profile than commonly seen in core value portfolios. The strategy follows a rigorous, fundamental, bottom up, value-orientated approach.

Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team Location

Massachusetts, USA

Active/Passive

Active with reference to a benchmark

Benchmark

Russell 3000 Value NR USD

Secondary Benchmark

S&P 500 NR USD

Fund Size

USD48m

Fund Launch

30 June 2020

Fund Status

Open to all investors

Share Class Launch

30 June 2020

Share Class Status

Open to all investors

Fund Currency

USD

Share Class CCY

USD

Management Fee

0.9%

Min. Investment

USD1,000,000

Fund Type

UCITS

Domicile

Ireland

Administrator

BBH Fund Administration Services (Ireland) Ltd

Depositary

BBH Trustee Services (Ireland) Ltd

Auditor

Grant Thornton

Dealing Frequency

Daily

Subscriptions

T+3

Redemptions

T+5

Risk Management

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Lower RiskHigher Risk

Performance

to
Frequency

Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Top Ten Holdings

As of 31 October 2021
NameSectorCountryWeight %
1DuPont de Nemours IncMaterialsUnited States5.8
2Merck & Co IncHealth CareUnited States5.7
3Unilever PLC ADRConsumer StaplesUnited Kingdom5.4
4General Motors CoConsumer DiscretionaryUnited States5.0
5International Business Machines CorpInformation TechnologyUnited States5.0
6Goldman Sachs Group IncFinancialsUnited States4.6
7Cisco Systems IncInformation TechnologyUnited States4.6
8Citigroup IncFinancialsUnited States4.4
9Voya Financial IncFinancialsUnited States3.7
10International Paper CoMaterialsUnited States3.5

Exposure Breakdowns

As of 31 October 2021
TypeFund %Benchmark %
Communication Services5.97.5
Consumer Discretionary10.95.8
Consumer Staples8.66.7
Energy4.95.5
Financials18.822.2
Health Care10.117.0
Industrials5.911.9
Information Technology15.99.6
Materials9.93.8
Real Estate0.05.2
Utilities5.24.9
Cash4.00.0

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Fund Manager

Jack Murphy

Lead Portfolio Manager and CIORead More

Disclaimers

Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund ICAV, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the funds, including important disclosures and risk factors associated with an investment in the funds. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the fund’s private placement memorandum with their financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in these funds is not suitable for all investors.

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The S&P 500 (“Index”) is a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Heptagon Fund ICAV. Copyright © 2020 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by Heptagon Fund ICAV. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.