LLOYD FOCUSED EQUITY ACC ETF USD

Issuer: HANetf

Asset Class: Equity

TER: 90bps

Trading Currency: USD

Pays Income: False

Listing Date: 17 May 2024

Ticker: FEP

ISIN: IE000NYVK0R8

This financial instrument offers a focused, high-conviction approach to global equity investing. It is an actively managed portfolio that typically holds between 25 and 35 stocks, selected based on a rigorous, bottom-up fundamental analysis. The core philosophy centers on identifying and investing in high-quality companies that possess sustainable competitive advantages, often referred to as 'economic moats'. The strategy seeks businesses with the ability to consistently generate high returns on invested capital, exhibit strong pricing power, and maintain robust balance sheets, aiming to hold them for the long term to benefit from the compounding of their intrinsic value.

The investment process is research-intensive, concentrating on a company's long-term prospects rather than short-term market trends. By maintaining a concentrated portfolio, each selected company has a meaningful impact on overall performance, reflecting the manager's strong belief in its potential. This approach deliberately deviates from broad market benchmarks, offering a distinct portfolio comprised of what the manager considers to be world-class businesses operating in various sectors and geographies. The selection criteria prioritize durability and resilience, targeting companies that are well-positioned to navigate different economic cycles.

For investors, this product provides a vehicle for long-term capital appreciation by gaining exposure to a curated basket of global leaders. It is designed for those who share a long-term investment horizon and believe in the value of active management to identify exceptional companies that may outperform the wider market over time. The strategy's emphasis on quality and concentration makes it a potential core holding for individuals seeking differentiated returns and a focus on fundamental business strength.