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

541.62p

arrow-down-2.49p (-0.46%)

Fund Code

ICARA

B1XFJ34

GB00B1XFJ342

Prices updated as at 02 Apr 2026

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
31 Mar 15 - 31 Mar 16	-0.60	0.25
31 Mar 16 - 31 Mar 17	43.24	31.38
31 Mar 17 - 31 Mar 18	3.02	5.61
31 Mar 18 - 31 Mar 19	23.79	18.07
31 Mar 19 - 31 Mar 20	6.48	2.54
31 Mar 20 - 31 Mar 21	31.74	45.03
31 Mar 21 - 31 Mar 22	15.30	10.73
31 Mar 22 - 31 Mar 23	0.94	-2.67
31 Mar 23 - 31 Mar 24	26.74	31.02
31 Mar 24 - 31 Mar 25	-6.06	0.42
31 Mar 25 - 31 Mar 26	-2.22	11.16

Trailing returns (%)

Year	This fund	US Large-Cap Growth Equity
1 Day	1.43	1.14
1 Month	-4.11	-4.03
3 Months	-10.42	-7.82
6 Months	-9.07	-6.77
1 Year	-2.26	9.77
3 Years annualised	5.70	13.99
5 Years annualised	6.41	7.55

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