Morningstar Fund Report  | 05/04/2025Print

Fidelity UK Smaller Companies Fund W-Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity UK Smaller Companies Fund W-Accumulation
Fund34.5-8.310.34.5-7.6
+/-Cat11.715.710.5-1.1-0.5
+/-B’mrk--3.3-0.1-3.9
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
04/04/2025		 GBX 358.20
Day Change -4.20%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK Smaller Companies
ISIN GB00B7VNMB18
Fund Size (Mil)
03/04/2025		 GBP 602.79
Share Class Size (Mil)
03/04/2025		 GBP 532.54
Max Initial Charge -
Ongoing Charge
29/02/2024		  0.92%
Investment Objective: Fidelity UK Smaller Companies Fund W-Accumulation
The Fund aims to increase the value of investor's investment over a period of 5 years or more. The Fund will invest at least 60% in equities (and their related securities) of smaller sized (companies which form the smallest 10% of UK listed companies by market capitalisation) UK companies (those domiciled, incorporated or having significant business in the UK). The Fund may also invest a proportion of its assets in global companies listed in the UK. The Investment Manager will focus on companies it believes to be undervalued and whose recovery potential is not recognised by the market but is not restricted in terms of industry. The Fund is actively managed without reference to a benchmark.
Returns
Trailing Returns (GBP)04/04/2025
YTD-11.49
3 Years Annualised-0.62
5 Years Annualised15.48
10 Years Annualised7.24
12 Month Yield 2.86
Management
Manager Name
Start Date
Jonathan Winton
14/04/2014
Inception Date
15/10/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Deutsche Numis SC Ex Invt Com TR GBPMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  Fidelity UK Smaller Companies Fund W-Accumulation31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.253.3891.87
Bond0.230.000.23
Property0.120.000.12
Cash7.890.147.75
Other0.060.040.03
Top 5 Regions%
United Kingdom95.61
United States3.30
Eurozone0.39
Asia - Emerging0.29
Australasia0.28
Top 5 Sectors%
Industrials25.15
Consumer Cyclical19.19
Financial Services18.26
Consumer Defensive8.15
Basic Materials7.71
Top 5 HoldingsSector%
Direct Line Insurance Group PLCFinancial ServicesFinancial Services2.77
Hays PLCIndustrialsIndustrials2.32
Coats Group PLCConsumer CyclicalConsumer Cyclical2.28
Greencore Group PLCConsumer DefensiveConsumer Defensive2.23
WPP PLCCommunication ServicesCommunication Services2.20
Increase Decrease New since last portfolio
Fidelity UK Smaller Companies Fund W-Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity UK Smaller Companies Fund W-Accumulation
Category:  UK Small-Cap Equity
Category Index:  Morningstar UK Small Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.2926.33-0.1434.54-8.2810.254.52-7.56
+/- Category-0.311.07-7.4311.6915.7510.49-1.11-0.46
+/- Category Index-----3.34-0.15-3.90
% Rank in Category4654721525758
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.20   -3.41-2.44
1 Week-6.52   -3.87-3.44
1 Month-7.66   -2.95-3.00
3 Months-11.47   -3.31-7.21
6 Months-13.35   -4.57-6.35
YTD-11.49   -3.42-6.97
1 Year-7.97   -4.65-8.17
3 Years Annualised-0.62   4.911.37
5 Years Annualised15.48   8.028.27
10 Years Annualised7.24   2.004.29
 
Category: UK Small-Cap Equity
Category Index: Morningstar UK Small Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.56---
2024-0.157.710.48-3.27
20233.19-2.431.847.53
2022-5.17-9.28-6.5314.06
202113.6011.416.140.16
2020-37.1919.163.2829.19
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearHighHigh5 star
10-YearHighAbove Average4 star
Overall*HighAbove Average5 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.08 %
3-Yr Mean Return2.12 %
 
3-Yr Sharpe Ratio-0.12
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Small Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.840.84
3-Yr Alpha1.631.63
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 708-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium13.47
Small52.24
Micro34.29
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.860.87
Price/Book1.200.79
Price/Sales0.510.60
Price/Cash Flow5.600.78
Dividend-Yield Factor4.281.20
 
Long-Term Projected Earnings Growth20.652.26
Historical Earnings Growth75.9835.15
Sales Growth4.371.09
Cash-Flow Growth11.072.41
Book-Value Growth-2.26-1.73
 
Category: UK Small-Cap Equity
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock95.253.3891.87
Bond0.230.000.23
Property0.120.000.12
Cash7.890.147.75
Other0.060.040.03
World Regions31/12/2024
 % of EquityRelative to Category
United States3.303.20
Canada0.000.00
Latin America0.000.00
United Kingdom95.611.00
Eurozone0.390.39
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.120.49
Middle East0.000.00
Japan0.00-
Australasia0.281.51
Asia - Developed0.000.00
Asia - Emerging0.292.10
 
Category: UK Small-Cap Equity
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.711.29
Consumer CyclicalConsumer Cyclical19.191.24
Financial ServicesFinancial Services18.261.10
Real EstateReal Estate6.391.62
Consumer DefensiveConsumer Defensive8.151.37
HealthcareHealthcare3.560.95
Communication ServicesCommunication Services5.250.65
EnergyEnergy4.921.79
IndustrialsIndustrials25.151.11
TechnologyTechnology1.420.10
 
Category: UK Small-Cap Equity
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings125
Total Number of Bond Holdings2
Assets in Top 10 Holdings21.93
NameSectorCountry% of Assets
Direct Line Insurance Group PLC103United Kingdom2.77
Hays PLC310United Kingdom2.32
Coats Group PLC102United Kingdom2.28
Greencore Group PLC205United Kingdom2.23
WPP PLC308United States2.20
Great Portland Estates PLC104United Kingdom2.13
Just Group PLC103United Kingdom2.07
Serco Group PLC310United Kingdom2.06
MITIE Group PLC310United Kingdom1.97
NewRiver REIT PLC104United Kingdom1.90
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanyFIL Investment Services (UK) Ltd
Phone(+44) 08003686868
Websitehttps://professionals.fidelity.co.uk/about-fidelity/contact-us
AddressBeech Gate, Millfield Lane, Lower Kingswood, Tadworth
 Surrey   KT20 6RP
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date15/10/2012
Fund Advisor(s)
FIL Investment Services (UK) Ltd
Fund ManagerJonathan Winton
Manager Start Date14/04/2014
Education
University of Nottingham, B.A.
 
Biography
Jonathan joined Fidelity as a research analyst in 2005. Over eight years in the pan European team, he covered such diverse sectors as support services, small cap technology, beverages and tobacco. He was promoted to the role of co- portfolio manager of the Fidelity UK Smaller Companies Fund in February 2013. Jonathan holds a BA (Hons) degree in Politics from the University of Nottingham.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.92%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional250  GBP
Savings50  GBP
Tax Free Savings Schemes
ISAsYes