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Longleaf Partners Asia Pacific UCITS Fund seeks to generate superior long-term investment returns and minimize the risk of permanent capital loss by investing primarily in a concentrated number of global companies that meet our Business, People, Price investment criteria.
We invest with a three-to-five-year investment horizon and take advantage of short-term volatility to own high quality businesses, run by capable management teams, whose stock prices we believe are trading temporarily at a discount. Our extensive, global network allows us to engage with our management partners to help drive long-term value creation.
+44 (0) 20 7479 4212
Fund overview (Updated 31/12/19)
Mr. Siazon heads our Asian research. He is co-portfolio manager for Longleaf Partners International Fund and the lead portfolio manager for Longleaf Partners Asia Pacific UCITS Fund. Prior to joining the company in 2006, he worked with Lehman Brothers in Singapore, Tokyo and Hong Kong, JP Morgan in Hong Kong and New York, Ford Motor Company in Tokyo and Fuji Bank in Tokyo. Mr. Siazon received his bachelor’s degree in Systems Engineering from the University of Virginia and holds a master’s in Business Administration from Harvard Business School.
Mr. Sharma is a co-portfolio manager of Longleaf Partners Asia Pacific UCITS Fund. Prior to joining Southeastern in 2010, he was a Senior Manager at American Express in New York and Senior Analyst at Capital One Finance in Boise, ID. He also carried out Equity Research internships at the State Bank of India in Mumbai, at Weitz Funds in Omaha, NE and at MFS Investment Management in London. Mr. Sharma holds a degree in Mechanical Engineering from Indian Institute of Technology, a master’s in Mechanical Engineering from Michigan State University, and a master’s in Business Administration from University of Chicago.
Southeastern manages all mandates and portfolios using the same investment discipline.
at 31/12/19
| Holding | Country | Industry | Percent |
|---|---|---|---|
| Melco International | Hong Kong | Hotels, Restaurants & Leisure | 8.1% |
| MinebeaMitsumi | Japan | Machinery | 7.6% |
| Baidu | China | Interactive Media & Services | 6.3% |
| CK Asset Holdings | Hong Kong | Real Estate Management & Development | 6.1% |
| MGM China | Hong Kong | Hotels, Restaurants & Leisure | 6.0% |
| Hitachi | Japan | Electronic Equipment, Instruments & Components | 5.0% |
| L'Occitane | Hong Kong | Personal Products | 4.8% |
| EBARA | Japan | Machinery | 4.5% |
| SoftBank | Japan | Wireless Telecommunication Services | 4.5% |
| Undisclosed | China | Internet & Direct Marketing Retail | 4.5% |
| Total | 57.4% |
From 1/10/19 to 31/12/19
| Holding | Percent |
|---|---|
| MinebeaMitsumi | 2.33% |
| Melco International | 1.41% |
| Baidu | 1.26% |
From 1/10/19 to 31/12/19
| Holding | Percent |
|---|---|
| SpeedCast | -0.81% |
| Bharti Infratel | -0.43% |
| First Pacific | -0.35% |
at 31/12/19
| Equities & Other | 98.0% |
| Bonds | 0.0% |
| Cash | 2.0% |
| Total | 100% |
at 31/12/19
| Consumer Discretionary | 42.1% |
| Industrials | 17.5% |
| Communication Services | 13.2% |
| Real Estate | 10.5% |
| Consumer Staples | 7.6% |
| Information Technology | 5.0% |
| Financials | 2.1% |
| Cash | 2.0% |
| Total | 100% |
at 31/12/19
| Hong Kong | 42.5% |
| Japan | 29.8% |
| China | 14.5% |
| South Korea | 4.5% |
| India | 3.6% |
| Switzerland | 3.1% |
| Cash | 2.0% |
| Total | 100% |
The above holdings do not represent all of the securities purchased, sold, or recommended for the Fund. Discussion of particular investments is not a recommendation to buy or sell any security and holdings are subject to change.
at 31/12/19
| Fund Index | 1 MO | QTR | YTD | 1 YR | 3 YR | 5 YR | Incept † |
|---|---|---|---|---|---|---|---|
| Total Returns | Average Annual Returns | ||||||
| Asia Pacific UCITS Fund(Class I USD) | 4.77% | 10.45% | 18.58% | 18.58% | 8.71% | 7.01% | 6.62% |
| MSCI AC Asia Pacific Index | 4.40% | 9.46% | 19.36% | 19.36% | 10.77% | 6.93% | 6.52% |
| Asia Pacific UCITS Fund(Class I GBP) | 2.26% | 2.46% | 14.04% | 14.04% | N/A | N/A | 0.89% |
| MSCI AC Asia Pacific Index(GBP) | 1.94% | 1.83% | 14.75% | 14.75% | N/A | N/A | 5.90% |
at 31/01/20
| Fund Index | 1 MO | QTR | YTD | 1 YR | 3 YR | 5 YR | Incept † |
|---|---|---|---|---|---|---|---|
| Total Returns | Average Annual Returns | ||||||
| Asia Pacific UCITS Fund(Class I USD) | -7.44% | -2.51% | -7.44% | -1.54% | 3.57% | 5.58% | 4.93% |
| MSCI AC Asia Pacific Index | -2.85% | 1.91% | -2.85% | 8.55% | 7.96% | 5.93% | 5.82% |
| Asia Pacific UCITS Fund(Class I GBP) | -7.12% | -4.36% | -7.12% | -2.23% | N/A | N/A | -2.22% |
| MSCI AC Asia Pacific Index(GBP) | -2.36% | 0.04% | -2.36% | 8.32% | N/A | N/A | 4.62% |
at 20/02/20
| Fund | Ticker | Inception Date | Price | Change | % Change |
|---|---|---|---|---|---|
| Asia Pacific UCITS Fund(Class I USD) | LPAPIUS ID | 02/12/14 | 13.16 | -0.02 | -0.15% |
| Asia Pacific UCITS Fund(Class I GBP) | LPAPIGB ID | 15/09/17 | 10.17 | 0.02 | 0.20% |
From 2014 to 2019
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014† |
|---|---|---|---|---|---|---|
| Fund | 18.58% | -21.45% | 37.94% | 12.29% | -2.74% | -1.30% |
| Index | 19.36% | -13.52% | 31.67% | 4.89% | -1.96% | -1.39% |
| Year | 2019 | 2018 | 2017† |
|---|---|---|---|
| Fund | 14.04% | -16.94% | 7.75% |
| Index | 14.75% | -8.14% | 8.18% |
† Inception dates are 2/12/14 (Class I USD) and 15/9/17 (Class I GBP).
Current performance may be lower or higher than the performance quoted. Past performance is no guarantee of future results, fund prices fluctuate, and the value of an investment at redemption may be worth more or less than the purchase price. Prospective investors should review the Prospectus, including the risk factors, before making a decision to invest. The Key Investor Information Document and Full Prospectus, (including any supplements), are available from Southeastern Asset Management International (UK) Limited at [email protected] or 44(0)20 7479 4212. Southeastern Asset Management International (UK) Limited is authorized and regulated by the Financial Conduct Authority in the United Kingdom.
MSCI World and MSCI EAFE are service marks of MSCI Barra.
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