Morningstar Fund Report  | 13/04/2025Print

VT Momentum Diversified Income Fund B Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
VT Momentum Diversified Income Fund B Income
Fund12.8-10.97.75.31.2
+/-Cat1.7-0.8-0.7-3.72.5
+/-B’mrk0.6-3.6-3.0-5.91.8
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
11/04/2025		 GBX 99.81
Day Change -0.87%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Mixed Investment 20-60% Shares
ISIN GB00B7JTF560
Fund Size (Mil)
11/04/2025		 GBP 117.72
Share Class Size (Mil)
11/04/2025		 GBP 85.43
Max Initial Charge 1.00%
Ongoing Charge
31/12/2024		  1.05%
Investment Objective: VT Momentum Diversified Income Fund B Income
The fund aims to provide income over the medium to long term (3-5 years) by investing in a balanced and well diversified portfolio of UK and International equities which the Investment Manager expects to be able to generate income (i.e. dividends) as well as some fixed interest securities including government and corporate bonds. Investments will also be made in regulated collective investment schemes (which may include funds managed and/or operated by the ACD or Investment Manager), money markets and cash deposits to provide further diversification to the fund in accordance with applicable regulations.
Returns
Trailing Returns (GBP)11/04/2025
YTD-2.07
3 Years Annualised0.32
5 Years Annualised7.40
10 Years Annualised4.28
12 Month Yield 5.60
Dividend Paying Frequency Monthly
Management
Manager Name
Start Date
Tom Delic
31/12/2017
Richard Parfect
01/07/2010
Inception Date
26/03/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Investment 20-60% SharesMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  VT Momentum Diversified Income Fund B Income31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock37.750.0637.68
Bond28.530.0128.52
Property0.000.000.00
Cash6.963.263.70
Other31.121.0230.10
Fixed Income
Effective Maturity7.81
Effective Duration3.15
Top 5 Regions%
United Kingdom49.25
Eurozone13.54
Japan10.58
Asia - Emerging7.15
United States6.13
Top 5 Sectors%
Financial Services25.45
Industrials14.99
Real Estate14.90
Consumer Cyclical12.89
Communication Services7.80
Top 5 HoldingsSector%
Royal London Sterl Extra Yld Bd Z8.47
VT Downing Eurp Unconst Income Z... 5.83
Royal London Shrt Dur Glbl HY Bd... 4.46
Temple Bar Ord3.61
Doric Nimrod Air Three Ord3.50
Increase Decrease New since last portfolio
VT Momentum Diversified Income Fund B Income
Growth Of 1000 (GBP) 31/03/2025
Fund:  VT Momentum Diversified Income Fund B Income
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.6010.972.7412.82-10.857.685.311.23
+/- Category4.77-4.70-2.511.67-0.77-0.68-3.692.51
+/- Category Index---1.780.55-3.59-2.98-5.921.76
% Rank in Category49471316661928
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.87   -0.37-1.24
1 Week-1.06   0.49-1.66
1 Month-2.44   2.471.29
3 Months-0.56   5.574.67
6 Months-2.02   2.781.53
YTD-2.07   3.352.58
1 Year4.19   4.872.72
3 Years Annualised0.32   -1.39-3.79
5 Years Annualised7.40   1.170.04
10 Years Annualised4.28   0.04-1.35
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.23---
2024-0.711.894.78-0.65
2023-0.41-0.992.566.49
2022-2.45-5.87-7.695.17
20215.364.081.581.28
2020-22.9715.012.2013.47
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearAbove AverageAbove Average4 star
10-YearAverageAbove Average3 star
Overall*AverageAbove Average3 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.48 %
3-Yr Mean Return1.97 %
 
3-Yr Sharpe Ratio-0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar DM Eur Real Est NR EUR
3-Yr Beta0.640.31
3-Yr Alpha-2.991.31
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 4625-
Market Capitalisation% of Equity
Giant11.37
Large21.90
Medium36.06
Small19.29
Micro11.39
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.960.57
Price/Book1.140.43
Price/Sales0.680.36
Price/Cash Flow5.590.49
Dividend-Yield Factor5.162.30
 
Long-Term Projected Earnings Growth8.210.83
Historical Earnings Growth4.850.65
Sales Growth5.330.98
Cash-Flow Growth8.081.27
Book-Value Growth-2.53-0.42
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 122
Maturity Distribution %
1 to 322.70
3 to 516.90
5 to 710.24
7 to 1019.89
10 to 1511.20
15 to 201.40
20 to 3010.69
Over 304.25
Effective Maturity7.81
Effective Duration3.15
Credit Quality Breakdown %     %
AAA1.40   BB24.99
AA0.17   B36.77
A1.50   Below B0.69
BBB16.92   Not Rated17.56
 
Category: GBP Allocation 60-80% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock37.750.0637.68
Bond28.530.0128.52
Property0.000.000.00
Cash6.963.263.70
Other31.121.0230.10
World Regions31/03/2025
 % of EquityRelative to Category
United States6.130.12
Canada1.251.31
Latin America1.663.00
United Kingdom49.252.58
Eurozone13.541.47
Europe - ex Euro2.770.66
Europe - Emerging0.714.14
Africa1.268.67
Middle East0.631.95
Japan10.581.71
Australasia0.611.00
Asia - Developed4.461.36
Asia - Emerging7.152.21
 
Category: GBP Allocation 60-80% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.771.48
Consumer CyclicalConsumer Cyclical12.891.20
Financial ServicesFinancial Services25.451.47
Real EstateReal Estate14.905.90
Consumer DefensiveConsumer Defensive6.340.97
HealthcareHealthcare2.360.20
UtilitiesUtilities1.680.66
Communication ServicesCommunication Services7.801.04
EnergyEnergy3.040.83
IndustrialsIndustrials14.991.18
TechnologyTechnology4.750.23
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings17
Total Number of Bond Holdings8
Assets in Top 10 Holdings39.67
NameSectorCountry% of Assets
Royal London Sterl Extra Yld Bd ZIreland8.47
VT Downing Eurp Unconst Income Z GBP IncUnited Kingdom5.83
Royal London Shrt Dur Glbl HY Bd Z£IncIreland4.46
Temple Bar OrdUnited Kingdom3.61
Doric Nimrod Air Three OrdGuernsey3.50
MI TwentyFour AM Dynamic Bond I IncUnited Kingdom3.43
Impax EM Corporate Bond GBP X Dis HdgdIreland3.36
Fair Oaks Income 2021 OrdGuernsey2.69
Robeco QI Emerging Cnsrv Eqs G £Luxembourg2.32
AEW UK REIT OrdUnited Kingdom2.00
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% 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 Date26/03/2012
Fund Advisor(s)
Momentum Global Investment Mgmt Ltd
Fund ManagerTom Delic
Manager Start Date31/12/2017
Education
University of Liverpool
 
Biography
Tom is responsible for overseas equity, sector and thematic research across the Seneca IM mandates. He has worked in the investment industry since 2009 after graduating from the University of Liverpool with a first class degree in Mathematics with Finance. After beginning his career as an investment analyst for Royal Liver Asset Managers, he later joined Seneca IM in October 2011. He has been the assistant fund manager on the CF Seneca Diversified Growth Fund since February 2016.
Fund ManagerRichard Parfect
Manager Start Date01/07/2010
 
Biography
Richard commenced his investment career with Rathbone Neilson Cobbold in 1996 in the UK equity research department. On attaining his Securities Institute Diploma, he moved into institutional fund management with the Merseyside Pension Fund (MPF), focussing primarily on equities. In 2002 Richard was one of the founding members of Seneca Investment Managers Limited (originally Midas Capital Partners Limited). On 1 July 2010 he was appointed Co-Fund Manager of the CF Seneca Diversified Income Fund. Richard is a Fellow of the Chartered Institute for Securities & Investments.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge1.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.05%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes