Morningstar Fund Report  | 10/04/2025Print

VT Munro Smart-Beta UK Fund Class X Inc Direct

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
VT Munro Smart-Beta UK Fund Class X Inc Direct
Fund18.38.65.210.15.7
+/-Cat0.310.7-3.11.62.4
+/-B’mrk---2.50.30.6
 
Category: UK Large-Cap Equity
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
10/04/2025		 GBX 91.90
Day Change 4.37%
Morningstar Category™ UK Large-Cap Equity
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B1Z8L916
Fund Size (Mil)
09/04/2025		 GBP 45.95
Share Class Size (Mil)
09/04/2025		 GBP 8.39
Max Initial Charge -
Ongoing Charge
31/12/2024		  0.75%
Investment Objective: VT Munro Smart-Beta UK Fund Class X Inc Direct
The objective of the Fund (the “Sub-fund”) is to replicate the performance (before fund fees and expenses) of the Elston Smart-Beta UK Dividend Index. The Sub-fund will invest at least 80% in a portfolio of UK securities listed on the London Stock Exchange that as far as practically possible consist of the component securities of the Elston Smart-Beta UK Dividend Index (the "Benchmark Index").
Returns
Trailing Returns (GBP)10/04/2025
YTD-0.77
3 Years Annualised4.96
5 Years Annualised10.97
10 Years Annualised4.66
12 Month Yield 4.54
Dividend Paying Frequency Monthly
Management
Manager Name
Start Date
Not Disclosed
18/09/2007
Inception Date
18/09/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Elston Smart-Beta UK Dividend NR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  VT Munro Smart-Beta UK Fund Class X Inc Direct31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.110.0097.11
Bond0.000.000.00
Property0.000.000.00
Cash1.810.021.79
Other1.150.041.10
Top 5 Regions%
United Kingdom97.05
Europe - ex Euro1.82
United States0.67
Latin America0.29
Eurozone0.09
Top 5 Sectors%
Financial Services25.38
Consumer Defensive18.12
Energy13.52
Basic Materials9.61
Healthcare8.62
Top 5 HoldingsSector%
HSBC Holdings PLCFinancial ServicesFinancial Services8.65
Shell PLCEnergyEnergy7.94
British American Tobacco PLCConsumer DefensiveConsumer Defensive5.99
Rio Tinto PLC Registered SharesBasic MaterialsBasic Materials4.95
Unilever PLCConsumer DefensiveConsumer Defensive4.43
Increase Decrease New since last portfolio
VT Munro Smart-Beta UK Fund Class X Inc Direct
Growth Of 1000 (GBP) 31/03/2025
Fund:  VT Munro Smart-Beta UK Fund Class X Inc Direct
Category:  UK Large-Cap Equity
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.9115.40-15.4218.298.635.1610.085.74
+/- Category0.91-3.94-6.320.3210.70-3.051.592.42
+/- Category Index------2.470.260.58
% Rank in Category328996282961820
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.37   6.027.25
1 Week-5.32   4.095.27
1 Month-6.65   3.844.55
3 Months-1.50   5.665.33
6 Months-0.43   6.465.30
YTD-0.77   5.974.86
1 Year5.19   6.904.72
3 Years Annualised4.96   2.761.94
5 Years Annualised10.97   2.782.15
10 Years Annualised4.66   0.690.12
 
Category: UK Large-Cap Equity
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20255.74---
20242.565.212.33-0.29
20231.19-1.714.091.57
20226.84-4.67-2.889.81
20217.973.170.715.44
2020-27.779.03-7.2815.83
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearHighAbove Average4 star
10-YearAverageAbove Average3 star
OverallAbove AverageAbove Average4 star
 
Category :  UK Large-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.20 %
3-Yr Mean Return8.21 %
 
3-Yr Sharpe Ratio0.35
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK TME GR GBP
3-Yr Beta0.940.99
3-Yr Alpha0.22-1.13
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 34293-
Market Capitalisation% of Equity
Giant47.76
Large30.44
Medium16.87
Small4.83
Micro0.09
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.870.84
Price/Book1.540.85
Price/Sales1.080.90
Price/Cash Flow7.310.85
Dividend-Yield Factor4.771.34
 
Long-Term Projected Earnings Growth8.520.96
Historical Earnings Growth-7.24-36.07
Sales Growth4.870.95
Cash-Flow Growth-1.52-3.21
Book-Value Growth1.590.38
 
Category: UK Large-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.110.0097.11
Bond0.000.000.00
Property0.000.000.00
Cash1.810.021.79
Other1.150.041.10
World Regions31/03/2025
 % of EquityRelative to Category
United States0.670.43
Canada0.000.00
Latin America0.293.16
United Kingdom97.051.02
Eurozone0.090.07
Europe - ex Euro1.821.30
Europe - Emerging0.0217.86
Africa0.069.24
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Large-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.611.72
Consumer CyclicalConsumer Cyclical4.630.54
Financial ServicesFinancial Services25.381.12
Real EstateReal Estate2.511.28
Consumer DefensiveConsumer Defensive18.121.31
HealthcareHealthcare8.620.71
UtilitiesUtilities4.851.30
Communication ServicesCommunication Services4.511.09
EnergyEnergy13.521.47
IndustrialsIndustrials7.580.48
TechnologyTechnology0.670.27
 
Category: UK Large-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings210
Total Number of Bond Holdings0
Assets in Top 10 Holdings48.17
NameSectorCountry% of Assets
HSBC Holdings PLC103United Kingdom8.65
Shell PLC309United Kingdom7.94
British American Tobacco PLC205United Kingdom5.99
Rio Tinto PLC Registered Shares101United Kingdom4.95
Unilever PLC205United Kingdom4.43
BP PLC309United Kingdom4.40
AstraZeneca PLC206United Kingdom4.03
GSK PLC206United Kingdom2.98
National Grid PLC207United Kingdom2.47
NatWest Group PLC103United Kingdom2.34
 
Increase Decrease New since last portfolio
Category: UK Large-Cap Equity
 
Management
Name of CompanyValu-Trac Investment Management Limited
Phone01343 880344
Websitewww.valu-trac.com
AddressOrton Moray IV32 7QE
 Orton   IV32 7QE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date18/09/2007
Fund Advisor(s)
Valu-Trac Investment Management Limited
Fund ManagerNot Disclosed
Manager Start Date18/09/2007
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.75%
Purchase Details
Minimum Investments
Initial250  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes