Small-cap biased UK equity fund focusing on companies offering sustainable growth at attractive valuations
Prices as at 01 Jul 2022.
We don’t currently provide commentary on this fund.
Past performance is not an indication of future performance.
Capital at risk.
Sector | UK All Companies |
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Structure | UNIT TRUST |
Launched | January 2013 |
Size | £1,491m |
Yield | 0.6% |
Charging Basis | Income |
Dividends paid | Acc units only |
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 | 0.8% |
The primary valuation tool utilised in stock selection is the price earnings to growth ratio (PEG) - the manager looks for companies whose value (based on PE) is cheap compared to their growth rate. He screens the entire UK market for low PEG ratios, then applies a secondary cashflow-based screen to verify the earnings figure. Around 85% of portfolio companies come from this screening process, though other sources are also used. The resulting companies are then analysed with a focus on: - Sustainable and above-average earnings growth prospects; - Robust balance sheet/low debt; - A competitive advantage such as a high market share or brand name; - A positive recent trading statement; - An absence of heavy directors’ selling and ideally some recent directors’ buying. Only once this analysis has taken place does Slater meet company management. He is supported by a co-manager and two highly experienced analysts.
Past performance is not a guide to future performance. View full risk warning