| Morningstar Fund Report | 17/04/2025 |  |
MI Metropolis Valuefund A Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 21.7 | -13.1 | 24.0 | 12.0 | -5.6 |
| +/-Cat | 3.6 | -3.7 | 11.2 | -2.3 | -1.9 |
| +/-B’mrk | 2.0 | -5.3 | 8.7 | -7.3 | -1.3 |
| Category: Global Large-Cap Blend Equity | ||||||
| Category Benchmark: Morningstar Global TME NR USD | ||||||
| Key Stats | ||
| NAV 15/04/2025 | GBX 360.75 | |
| Day Change | 0.18% | |
| Morningstar Category™ | Global Large-Cap Blend Equity | |
| IA (formerly IMA) Sector | Global | |
| ISIN | GB00B3LDLX86 | |
| Fund Size (Mil) 15/04/2025 | GBP 371.74 | |
| Share Class Size (Mil) 15/04/2025 | GBP 20.68 | |
| Max Initial Charge | - | |
| Ongoing Charge 05/07/2023 | 1.15% | |
| Investment Objective: MI Metropolis Valuefund A Acc |
| The investment objective of the Company is to achieve long term capital growth mainly through investment in a concentrated portfolio of securities in listed companies. It is the Company’s policy to invest mainly in securities (including shares and debt securities) of companies whose securities are admitted to or dealt in on Eligible Markets established in the EEA, the United States or Canada. At its discretion, the Company may invest in securities (including shares and debt securities) of companies whose securities are admitted to or dealt in on other Eligible Markets. The Company may also invest in money market instruments, UK government and public securities, deposits, cash and near cash, closed end funds, and regulated collective investment schemes. The Company may utilise derivatives for efficient portfolio management purposes, including hedging. |
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| Management | ||
Manager Name Start Date | ||
Simon Denison-Smith 15/04/2011 | ||
Jonathan Mills 15/04/2011 | ||
Inception Date 15/04/2011 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| UK CPI | Morningstar Global TME NR USD |
| Portfolio Profile for MI Metropolis Valuefund A Acc | 28/02/2025 |
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| Top 5 Holdings | Sector | % |
 State Street Corp |  Financial Services | 7.56 |
| Ryanair Holdings PLC ADR |  Industrials | 7.39 |
| Diageo PLC |  Consumer Defensive | 7.00 |
| Ashtead Group PLC | Industrials | 6.97 |
| Microsoft Corp |  Technology | 6.85 |
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Increase  Decrease  New since last portfolio | ||
| MI Metropolis Valuefund A Acc | ||
| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -6.89 | 16.04 | 12.79 | 21.67 | -13.06 | 23.96 | 12.02 | -5.61 |
| +/- Category | -0.18 | -2.99 | 2.20 | 3.63 | -3.71 | 11.19 | -2.25 | -1.89 |
| +/- Category Index | -3.38 | -5.51 | 0.54 | 2.01 | -5.34 | 8.71 | -7.27 | -1.33 |
| % Rank in Category | 54 | 79 | 34 | 34 | 81 | 3 | 66 | 73 |
| Trailing Returns (GBP) | 15/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.18 | 0.10 | 1.73 |
| 1 Week | 2.33 | -0.14 | 5.31 |
| 1 Month | -3.98 | 1.22 | 3.62 |
| 3 Months | -9.36 | 0.67 | 4.21 |
| 6 Months | -6.58 | 0.14 | 1.85 |
| YTD | -7.70 | 0.48 | 3.08 |
| 1 Year | -3.34 | -1.92 | -3.30 |
| 3 Years Annualised | 5.95 | 1.05 | 0.15 |
| 5 Years Annualised | 12.10 | 2.45 | 0.65 |
| 10 Years Annualised | 9.66 | 2.14 | 0.40 |
| Category: Global Large-Cap Blend Equity | |||
| Category Index: Morningstar Global TME NR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -5.61 | - | - | - |
| 2024 | 7.33 | 0.47 | 0.64 | 3.22 |
| 2023 | 8.74 | 3.87 | 3.59 | 5.94 |
| 2022 | -2.16 | -15.26 | 0.09 | 4.76 |
| 2021 | 8.61 | 7.41 | 2.59 | 1.67 |
| 2020 | -15.47 | 13.81 | 6.20 | 10.39 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Large-Cap Blend Equity | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Global TME NR USD | Morningstar EAA USD Agg Tgt Alloc NR USD | |
| 3-Yr Beta | 1.10 | 1.27 |
| 3-Yr Alpha | -2.15 | -1.20 |
| Investment Style Details | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: Global Large-Cap Blend Equity | |||||||||||||||||||||||||||||||||||||||||
| Asset Allocation | 28/02/2025 |
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| World Regions | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: Global Large-Cap Blend Equity | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 28/02/2025 | |||||||||||||||||||||
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| Category: Global Large-Cap Blend Equity | ||||||||||||||||||||||
| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 23 |
| Total Number of Bond Holdings | 0 |
| Assets in Top 10 Holdings | 58.99 |
| Name | Sector | Country | % of Assets | ||
| State Street Corp | | United States | 7.56 | ||
| Ryanair Holdings PLC ADR | | Ireland | 7.39 | ||
| Diageo PLC | | United Kingdom | 7.00 | ||
| Ashtead Group PLC | | United Kingdom | 6.97 | ||
| Microsoft Corp | | United States | 6.85 | ||
| Booking Holdings Inc |  | United States | 4.78 | ||
| Texas Instruments Inc | | United States | 4.77 | ||
| Comcast Corp Class A |  | United States | 4.75 | ||
| Kubota Corp | | Japan | 4.56 | ||
| Crown Holdings Inc | | United States | 4.38 | ||
| Increase Decrease New since last portfolio | |||||
| Category: Global Large-Cap Blend Equity | |||||
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| Biography | |
| Simon founded Metropolis Capital and has co-managed the Metropolis global equity strategy since its inception in 2008 and the MI Metropolis Valuefund since its launch in 2011. Prior to this, Simon was a strategy consultant with Bain & Co and Kalchas before helping Jonathan Mills to set up Metropolis International in 1994. He also founded Rave Technologies, a software business that services clients across a wide range of industries. Simon sold this business to Northgate IS PLC in 2006, delivering a 32% per annum return to Rave’s principal investor. Simon graduated from Bristol University with a B.Sc. in Economics. |
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| Fund Manager | Jonathan Mills |
| Manager Start Date | 15/04/2011 |
| Education |
| University of Oxford, B.A./B.S. |
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| Biography | |
| Jonathan founded Metropolis Capital and has co-managed the Metropolis global equity strategy since its inception in 2008 and the MI Metropolis Valuefund since its launch in 2011. Prior to this Jonathan worked for Bain & Company as a Strategy Consultant and then for Schroders in their M & A team before setting up Metropolis International, a media and software group which was built through over 30 acquisitions of private businesses, applying a value investing approach to each transaction. Returns to seed investors in Metropolis International were 30%+* per annum under Jonathan’s tenure as CEO from 1994-2011. He graduated from Oxford University with a First Class Degree in Philosophy, Politics and Economics. |
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