Morningstar Fund Report  | 07/04/2025Print

Slater Growth Fund Class P Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Slater Growth Fund Class P Acc
Fund29.2-24.9-4.40.1-4.1
+/-Cat6.3-0.9-4.1-5.53.0
+/-B’mrk---11.3-4.5-0.5
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
07/04/2025		 GBX 589.14
Day Change -3.01%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B7T0G907
Fund Size (Mil)
28/02/2025		 GBP 552.47
Share Class Size (Mil)
28/02/2025		 GBP 522.08
Max Initial Charge -
Ongoing Charge
10/01/2025		  0.79%
Investment Objective: Slater Growth Fund Class P Acc
The investment objective of the Scheme is to achieve capital growth. The Scheme will invest in companies both in the UK and overseas but concentrating mainly on UK shares. The Scheme will focus in particular on shares which the Manager believes are currently under-valued and that have the potential of a significant re rating. Other investments including bonds, warrants, deposits and collective investment Schemes may be used where it is considered that they meet the investment objective. It is also intended where appropriate to take advantage of underwritings and placings.
Returns
Trailing Returns (GBP)07/04/2025
YTD-11.58
3 Years Annualised-11.23
5 Years Annualised3.19
10 Years Annualised4.82
12 Month Yield 2.88
Management
Manager Name
Start Date
Mark Slater
30/03/2005
Inception Date
31/12/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK All Companies SectorMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  Slater Growth Fund Class P Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.000.00100.00
Bond0.000.000.00
Property0.000.000.00
Cash0.000.000.00
Other0.000.000.00
Top 5 Regions%
United Kingdom98.08
Asia - Developed1.29
United States0.64
Canada0.00
Latin America0.00
Top 5 Sectors%
Industrials25.86
Financial Services21.11
Communication Services14.40
Technology10.37
Healthcare8.94
Top 5 HoldingsSector%
Future PLCCommunication ServicesCommunication Services5.35
JTC PLC Ordinary SharesFinancial ServicesFinancial Services5.17
Prudential PLCFinancial ServicesFinancial Services5.10
Alliance Pharma PLCHealthcareHealthcare4.91
Serco Group PLCIndustrialsIndustrials4.56
Increase Decrease New since last portfolio
Slater Growth Fund Class P Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Slater Growth Fund Class P Acc
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-13.5037.8710.0529.16-24.94-4.370.15-4.15
+/- Category-1.5212.612.766.31-0.91-4.13-5.482.95
+/- Category Index------11.28-4.52-0.49
% Rank in Category547341251798615
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.01   0.770.53
1 Week-7.75   -1.071.17
1 Month-10.79   -3.240.76
3 Months-12.28   -0.65-1.07
6 Months-15.77   -3.51-0.99
YTD-11.58   -0.030.67
1 Year-11.47   -3.99-3.65
3 Years Annualised-11.23   -4.31-6.64
5 Years Annualised3.19   -3.34-0.36
10 Years Annualised4.82   -0.022.89
 
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
2025-4.15---
20241.187.50-2.79-5.29
2023-2.52-5.980.254.08
2022-8.93-12.73-11.066.18
20219.3910.274.991.99
2020-25.3218.436.5816.75
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearAverageLow3 star
10-YearAverageBelow Average4 star
Overall*AverageBelow Average3 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.67 %
3-Yr Mean Return-8.03 %
 
3-Yr Sharpe Ratio-0.91
 
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 Beta0.700.70
3-Yr Alpha-9.38-9.38
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 589-
Market Capitalisation% of Equity
Giant2.60
Large8.89
Medium0.00
Small24.52
Micro63.98
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.430.83
Price/Book1.280.84
Price/Sales0.820.95
Price/Cash Flow6.280.88
Dividend-Yield Factor3.771.05
 
Long-Term Projected Earnings Growth10.071.10
Historical Earnings Growth-2.20-1.02
Sales Growth4.961.23
Cash-Flow Growth5.641.23
Book-Value Growth3.092.36
 
Category: UK Small-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.000.00100.00
Bond0.000.000.00
Property0.000.000.00
Cash0.000.000.00
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.640.62
Canada0.000.00
Latin America0.000.00
United Kingdom98.081.02
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.00-
Australasia0.000.00
Asia - Developed1.291.88
Asia - Emerging0.000.00
 
Category: UK Small-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.941.33
Consumer CyclicalConsumer Cyclical4.170.27
Financial ServicesFinancial Services21.111.27
Consumer DefensiveConsumer Defensive7.211.22
HealthcareHealthcare8.942.38
Communication ServicesCommunication Services14.401.78
IndustrialsIndustrials25.861.14
TechnologyTechnology10.370.75
 
Category: UK Small-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings43
Total Number of Bond Holdings0
Assets in Top 10 Holdings44.96
NameSectorCountry% of Assets
Future PLC308United Kingdom5.35
JTC PLC Ordinary Shares103United Kingdom5.17
Prudential PLC103United Kingdom5.10
Alliance Pharma PLC206United Kingdom4.91
Serco Group PLC310United Kingdom4.56
SigmaRoc PLC101United Kingdom4.50
Foresight Group Holdings Ltd Ordinary... 103United Kingdom3.96
Redcentric PLC311United Kingdom3.82
Tesco PLC205United Kingdom3.79
Franchise Brands PLC310United Kingdom3.79
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanySlater Investments Limited
Phone+44 (0)20 7220 9460
Websitewww.slaterinvestments.com
Address16 Eastcheap
 London   EC3M 1BD
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date31/12/2012
Fund Advisor(s)
Slater Investments Limited
Fund ManagerMark Slater
Manager Start Date30/03/2005
Career Start Year2003
 
Biography
Mark Slater co-founded Slater Investments, the specialist UK equity fund manager, in 1994. The company manages a hedge fund, three unit trusts and portfolios for large pension schemes and high net worth individuals. Mark is Chairman and Chief Investment Officer. The company has achieved very strong investment performance since inception. Notably, Slater Investments managed a top performing fund in the mid to late 1990s and produced very resilient results during the 2000-2003 bear market. More recently, the company's MFM Slater Growth Fund has ranked as the best performing fund in its sector over three and five years. The Financial Times reported that Mark Slater is one of the ten most consistent fund managers with a long term track record in achieving outperformance. Prior to founding Slater Investments, Mark worked as a financial journalist with Analyst PLC and the Investor's Chronicle. Also, in 1992, he helped research and edit a best-selling investment book "The Zulu Principle" for his father, Jim Slater, which focuses on identifying small to medium-sized growth companies. During his career, Mark has served on the boards of four public companies in which he has been a substantial shareholder. Mark has an MA in History from Cambridge University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.79%
Purchase Details
Minimum Investments
Initial5000000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes