Ninety One Funds Series ii - American Franchise Fund I Acc GBP

Category US Large-Cap Growth Equity

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

Last buy/sell price

607.67p

arrow-up2.30p (+0.38%)

Fund Code

ICARA

B1XFJ34

GB00B1XFJ342

Prices updated as at 12 Dec 2025

Prices in GBX

Investment objective

The Fund aims to provide capital growth over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of USA companies (those incorporated in, domiciled in, or that have significant economic exposure to, the USA) and in related derivatives (financial contracts whose value is linked to the price of the shares of such USA companies). The Fund focuses on investing in companies believed to be of high quality, which are typically associated with strong brands or franchises.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , SDR Consumer facing disclosure, 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.

Annual performance (%)

Year	This fund	US Large-Cap Growth Equity
30 Sep 14 - 30 Sep 15	3.77	6.15
30 Sep 15 - 30 Sep 16	31.93	28.51
30 Sep 16 - 30 Sep 17	22.26	15.24
30 Sep 17 - 30 Sep 18	25.78	24.80
30 Sep 18 - 30 Sep 19	15.76	8.08
30 Sep 19 - 30 Sep 20	13.70	24.11
30 Sep 20 - 30 Sep 21	27.77	22.62
30 Sep 21 - 30 Sep 22	-6.68	-8.23
30 Sep 22 - 30 Sep 23	15.81	11.67
30 Sep 23 - 30 Sep 24	9.97	22.60
30 Sep 24 - 30 Sep 25	8.84	18.07

Trailing returns (%)

Year	This fund	US Large-Cap Growth Equity
1 Day	0.38	-0.13
1 Month	-1.30	-2.45
3 Months	1.43	3.50
6 Months	4.82	12.94
1 Year	-0.50	5.26
3 Years annualised	12.28	19.69
5 Years annualised	9.51	9.82

Please note that past performance is not a reliable indicator of future returns. Please use the interactive graph for benchmark comparison.

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and 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.

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Ninety One American Franchise Fund