Fund-research agency FundCalibre has awarded five new Elite Ratings and added one strategy to its Elite Radar at its latest investment committee meeting.
The firm has handed ratings to a core US equity strategy, a global income fund and three tech specialists, all of which, according to FundCalibre research director Juliet Schooling Latter, have “experienced managers, clearly defined and repeatable investment processes and the ability to deliver attractive long-term outcomes for investors”.
Capital Group Investment Company of America, which has been investing in US equities for more than 90 years and is among the world's longest-running equity funds, is the core US equity strategy.
Performance of fund against index and sector over 1yr
Source: FE Analytics
It targets both capital and income by investing primarily in stocks that have a history of paying dividends. Its top 10 holdings include all of the Magnificent Seven bar Tesla, plus Broadcom, Eli Lilly, TSMC and General Electric.
Its “distinctive” multi-manager structure includes seven managers, based in San Francisco and Los Angeles, who independently manage sleeves of the portfolio alongside the firm's research analysts.
This, said Schooling Latter, helps to deliver “consistent long-term returns while reducing key-person risk”.
Looking at calendar years, Capital Group Investment Company of America made third-quartile returns against the IA North America sector in most years between 2017 and 2021, going on to log second-quartile numbers between 2022 and 2025.
Among the most recognisable names in the list was the $18.3bn Polar Capital Global Technology fund, holder of five FE fundinfo Crowns (the maximum) and also highlighted by AJ Bell and Barclays in their best-buy lists.
Performance of fund against index and sector over 1yr
Source: FE Analytics
Managed by Ben Rogoff, Fatima Iu, Nick Evans and Xuesong Zhao, it “combines thematic insight with bottom-up stock selection across leaders and innovators”, said Schooling Latter.
The fund, she continued, has built “an outstanding long-term track record while maintaining a strong focus on valuation and the risks of technological disruption”.
Polar Capital Global Technology was the top fund in the 38-strong IA Technology and Technology Innovation sector in 2025 and is third so far this year. In the past decade, it only dropped below average performance in 2021 (fourth quartile) and 2022 (third).
FundCalibre also liked its stablemate, Polar Capital Artificial Intelligence, as it “takes a broad approach to one of the market's most significant long-term investment themes”.
Performance of fund against index and sector over 1yr
Source: FE Analytics
It is again managed by Rogoff, Evans and Zhao and invests in companies building AI infrastructure as well as businesses across multiple sectors that are expected to benefit from adopting AI, which for Schooling Latter “provides investors with differentiated exposure to the theme”.
Launched in 2017, the fund has been a top performer of the IA Global sector, only slipping below average in 2018, 2021, and 2022. It has recently been highlighted on Trustnet as a fund that is subject to the momentum rotation.
To continue with a technology-adjacent theme, next up was the International Biotechnology Trust, which takes us into the closed-ended universe.
Performance of fund against index and sector over 1yr
Source: FE Analytics
Another five crown holder, the £323m trust “combines deep scientific expertise with disciplined portfolio construction”, with managers Ailsa Craig and Marek Poszepczynski focussing on companies at different stages of development while maintaining diversification across areas.
The managing team has been producing “an impressive long-term track record through a variety of market conditions”, said Schooling Latter.
Having featured as one of the best trusts of June 2026, it flourished in 2025 and 2024 as the top name in the IT Healthcare and Biotechnology sector, adding 47.3% and 10.9% respectively; it came second in 2022 (but that was with a 1.5% loss) and 2020 (35.6%) but struggled in the third sector of performance in 2021 and the fourth in 2023.
The Invesco Global Equity Income trust rounded off the list.
Performance of fund against index and sector over 1yr
Source: FE Analytics
Run by FE fundinfo Alpha Manager Stephen Anness, this was the only income strategy with a newly added Elite rating (it has an annual dividend target of at least 4%).
The portfolio is made up of 40 to 60 stocks across dividend compounders, businesses with strong capital growth potential and those capable of restoring future dividend payments, said Schooling Latter.
“This balanced philosophy has enabled the trust to build an excellent long-term record while avoiding excessive style bias,” she added.
Anness took on his position in 2020 and in every calendar year since then, the trust has returned close to 20% annually, except for 2022, when it lost 5.1%.
Finally, FundCalibre’s Elite Radar is reserved for funds that have caught the analysts’ attention and this was the case for IFSL Marlborough Global SmallCap.
“Following the recent merger with IFSL Marlborough Global Innovation, FundCalibre believes the enlarged strategy has strong potential to become Elite Rated in the future,” Schooling Latter concluded.