At least 70% invested in FTSE 250 companies. Up to 15% can be invested in FTSE 100 stocks, the balance in UK smaller companies.
Prices as at 01 Jul 2022.
Fund commentary last updated 11 Oct 2021.
Past performance is not an indication of future performance.
Capital at risk.
Sector | UK All Companies |
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Structure | UNIT TRUST |
Launched | March 2011 |
Size | £509m |
Yield | 1.4% |
Charging Basis | Income |
Dividends paid | 31 May, 30 Nov |
Standard Initial Charge | 0% |
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Initial Charge Via BestInvest | 0% |
Additional Bid/Offer Spread | 0% |
Annual Management Charge | 0.75% |
Ongoing Charges Figure | 0.84% |
The fund’s portfolio construction begins with a top-down analysis of sectors and themes which are already or about to experience long-term growth, followed by bottom-up company fundamental and valuation analysis. St John likes to focus on quality companies, with low debt, and tends to avoid the often over-valued IPO market. The companies should be benefiting from economic, thematic tailwinds, expected profitability, growth prospects, pricing power and quality management. The team’s valuation analysis has a focus on free cash flow and return on capital combined with earnings yield and growth. The process puts a big emphasis on company meetings to get first-hand information and insight, as well as in-house analysis and external research. Whilst there are no formal sector constraints St John will always seek to ensure the portfolio is diversified by sector. It typically holds between 60 and 80 stocks with a maximum position size of 4%. He will sell if he sees examples of management inconsistency or dishonesty, profit deterioration or, on the plus side, extreme outperformance.
Past performance is not a guide to future performance. View full risk warning