Morningstar Fund Report  | 17/04/2025Print

FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation
Fund17.6-4.32.95.84.2
+/-Cat8.95.7-3.1-0.44.2
+/-B’mrk9.65.0-6.4-2.84.3
 
Category: GBP Flexible Allocation
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
16/04/2025		 GBX 166.06
Day Change 0.58%
Morningstar Category™ GBP Flexible Allocation
IA (formerly IMA) Sector Unclassified Sector
ISIN GB00B4KQS127
Fund Size (Mil)
16/04/2025		 GBP 28.31
Share Class Size (Mil)
16/04/2025		 GBP 26.77
Max Initial Charge -
Ongoing Charge
17/02/2025		  1.22%
Investment Objective: FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation
The Fund aims to achieve long-term capital appreciation. The Fund will seek to achieve its objective by investing predominantly in: • collective investment schemes and other investments (for example transferable securities)that provide exposure to alternative asset classes such as global property, infrastructure, commodities (indirectly, for example through exchange traded commodity index futures) and inflation linked securities; • global fixed income securities; and/or • global equity securities.
Returns
Trailing Returns (GBP)16/04/2025
YTD1.32
3 Years Annualised-0.27
5 Years Annualised7.11
10 Years Annualised2.60
12 Month Yield 2.93
Management
Manager Name
Start Date
Tom Sollis
01/10/2020
Alain Zeitouni
01/10/2020
Inception Date
31/12/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
UK RPIMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation30/09/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock78.190.0178.18
Bond0.520.010.51
Property0.000.000.00
Cash62.3971.97-9.58
Other23.170.0023.17
Fixed Income
Effective Maturity2.45
Effective Duration2.35
Top 5 Regions%
United States65.57
Eurozone7.18
Canada6.47
Japan4.16
Australasia4.12
Top 5 Sectors%
Real Estate44.78
Industrials11.29
Utilities9.92
Technology8.06
Basic Materials6.44
Top 5 HoldingsSector%
Xtrackers S&P Global Infra Swap ... 18.09
Russell Inv Global List Infras P... 17.77
iShares Envir&Lw Carb Tilt REIdx... 17.64
MSMM Global Real Estate Secs B17.48
L&G Longer Dated All Commodities... 14.35
Increase Decrease New since last portfolio
FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  FP Russell Investments ICVC - Real Assets Fund Class C GBP Accumulation
Category:  GBP Flexible Allocation
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.8315.55-7.1617.62-4.282.875.764.19
+/- Category-1.613.32-11.788.885.66-3.14-0.444.22
+/- Category Index---12.459.624.98-6.39-2.804.29
% Rank in Category94139912077605
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.58   0.130.41
1 Week4.22   2.402.21
1 Month-0.89   1.621.68
3 Months-1.24   1.872.20
6 Months-1.82   1.47-0.11
YTD1.32   4.143.74
1 Year8.57   7.474.96
3 Years Annualised-0.27   -1.12-3.58
5 Years Annualised7.11   2.651.86
10 Years Annualised2.60   0.08-1.84
 
Category: GBP Flexible Allocation
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.19---
2024-0.100.848.38-3.14
2023-0.62-1.11-2.557.42
20225.61-6.02-6.513.16
20213.316.062.264.97
2020-20.617.451.067.69
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAbove AverageAbove Average4 star
10-YearAverageAbove Average3 star
OverallAverageAbove Average3 star
 
Category :  GBP Flexible AllocationClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.61 %
3-Yr Mean Return1.46 %
 
3-Yr Sharpe Ratio-0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar Gbl Real Est TME NR USD
3-Yr Beta1.120.64
3-Yr Alpha-2.370.82
 
Investment Style Details30/09/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 14300-
Market Capitalisation% of Equity
Giant9.00
Large31.57
Medium37.07
Small9.57
Micro12.78
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.611.49
Price/Book1.890.84
Price/Sales2.831.67
Price/Cash Flow11.911.23
Dividend-Yield Factor2.791.15
 
Long-Term Projected Earnings Growth8.380.85
Historical Earnings Growth-1.90-1.78
Sales Growth4.911.07
Cash-Flow Growth10.832.37
Book-Value Growth2.050.36
 
Category: GBP Flexible Allocation
Fixed Income Style30/09/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 30
Maturity Distribution %
1 to 335.35
3 to 542.42
5 to 71.32
7 to 100.37
10 to 150.00
15 to 200.01
20 to 300.00
Over 300.00
Effective Maturity2.45
Effective Duration2.35
Credit Quality Breakdown %     %
AAA0.00   BB0.00
AA100.00   B0.00
A0.00   Below B0.00
BBB0.00   Not Rated0.00
 
Category: GBP Flexible Allocation
Asset Allocation30/09/2024
Asset Allocation
 % Long% Short% Net Assets
Stock78.190.0178.18
Bond0.520.010.51
Property0.000.000.00
Cash62.3971.97-9.58
Other23.170.0023.17
World Regions30/09/2024
 % of EquityRelative to Category
United States65.571.49
Canada6.471.54
Latin America1.713.10
United Kingdom3.250.15
Eurozone7.180.60
Europe - ex Euro2.430.49
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.080.77
Japan4.161.17
Australasia4.123.44
Asia - Developed2.461.28
Asia - Emerging2.560.48
 
Category: GBP Flexible Allocation
Sector Weightings30/09/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.440.72
Consumer CyclicalConsumer Cyclical4.460.52
Financial ServicesFinancial Services2.040.12
Real EstateReal Estate44.7814.66
Consumer DefensiveConsumer Defensive1.300.09
HealthcareHealthcare4.990.64
UtilitiesUtilities9.922.67
Communication ServicesCommunication Services3.140.44
EnergyEnergy3.590.88
IndustrialsIndustrials11.291.01
TechnologyTechnology8.060.55
 
Category: GBP Flexible Allocation
Top 10 Holdings30/09/2024
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings97.75
NameSectorCountry% of Assets
Xtrackers S&P Global Infra Swap ETF 1CLuxembourg18.09
Russell Inv Global List Infras P USDIreland17.77
iShares Envir&Lw Carb Tilt REIdx(UK)DAccUnited Kingdom17.64
MSMM Global Real Estate Secs BIreland17.48
L&G Longer Dated All Commodities ETFIreland14.35
Russell Inv Sterling Liquidity R Roll UpIreland6.00
iShares $ TIPS 0-5 ETF GBP H DistIreland4.92
iShares Physical Gold ETCIreland1.49
 
Increase Decrease New since last portfolio
Category: GBP Flexible Allocation
 
Management
Name of CompanyRussell Investments Limited
Phone-
Website -
AddressRussell Investments Limited,
 London   SW1Y 4APE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date31/12/2009
Fund Advisor(s)
Russell Investments Limited
Fund ManagerTom Sollis
Manager Start Date01/10/2020
Fund ManagerAlain Zeitouni
Manager Start Date01/10/2020
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.22%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes