Please remember that past performance is not necessarily a guide to the future. Investments in any of the Funds mentioned in the site or Charles Stanley's range of investment products carry a degree of risk that is set out in the relevant full Prospectus. The value of your investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments.
Fund Overview
The Fund predominantly invests in UK equities seeking to produce long-term capital growth through a value-focused investment style. The managers look to invest in companies with sound balance sheets whose assets are being undervalued by the market.
| Key Details | |
|---|---|
| Fund Type | OEIC |
| Fund Manager | Henry Dixon |
| Fund Co-Manager | George Godber |
| Launch Date | 15/08/2008 |
| Fund Size | 36.7m* |
| Number of Holdings | 40-60 |
| Benchmark | FTSE All-Share |
| IMA Sector | UK All Companies |
| Base Currency | Sterling |
| Dealing Frequency | Daily at 12 noon |
*Fund size as at 30/04/2012
Investment Philosophy
Our focus on a company's balance sheet and assets (cash, property, equipment etc) sets us apart from others solely looking at a company's profit or loss. It leads us to unloved companies with sound financial backing that trade at a discount to the value of their assets. These companies have the potential to deliver compelling returns as the market appreciates the value of the company's assets over the longer term.
We apply the same philosophy in all market conditions. We believe it leads us to a portfolio of companies that are materially better value than the market.
Investment Process
Our detailed in-house models are at the heart of what we do – meticulously assessing the assets and liabilities within a company and generating metrics based on the balance sheet. These produce a proprietary valuation framework which enables us to identify undervalued investments in both large and small companies. This framework engenders a strict buy and sell discipline.
| Portfolio Construction | |
|---|---|
| No. of Stocks | 40-60 |
| Position Size | 0.5% - 5% or 2x Index weight. Position weights are conviction led |
| Sector Limit | 25% |
| Overseas stocks | <20% in non - UK stocks |