Morningstar Fund Report  | 10/04/2025Print

VT Greystone Cautious Managed Fund R Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
VT Greystone Cautious Managed Fund R Inc
Fund4.1-14.67.95.90.9
+/-Cat-3.9-4.10.4-0.91.0
+/-B’mrk-3.9-5.3-1.4-2.71.0
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
10/04/2025		 GBX 103.56
Day Change 2.14%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector Mixed Investment 20-60% Shares
ISIN GB00B8JTXR16
Fund Size (Mil)
10/04/2025		 GBP 39.25
Share Class Size (Mil)
10/04/2025		 GBP 3.43
Max Initial Charge -
Ongoing Charge
31/12/2024		  1.22%
Investment Objective: VT Greystone Cautious Managed Fund R Inc
The investment objective of the Company is to achieve positive returns through capital growth and income over the medium to long term (5 years). The Company will aim to achieve its objective by investing at least 70% in a range of collective investment vehicles (including exchange traded funds, investment trusts and funds managed and/or operated by the ACD or Investment Manager) providing exposure (indirectly) to asset classes including fixed interest investments, equities, and alternative assets such as absolute return strategies, commodities and property.
Returns
Trailing Returns (GBP)10/04/2025
YTD-1.05
3 Years Annualised1.52
5 Years Annualised4.24
10 Years Annualised2.37
12 Month Yield 2.77
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
James Menzies
02/01/2014
Inception Date
03/12/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Invest 20 - 60% SharesMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  VT Greystone Cautious Managed Fund R Inc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock41.730.0441.69
Bond52.904.5348.37
Property0.000.000.00
Cash48.3644.463.90
Other5.060.134.93
Fixed Income
Effective Maturity8.77
Effective Duration6.09
Top 5 Regions%
United States39.95
United Kingdom30.46
Eurozone12.40
Europe - ex Euro6.15
Asia - Developed5.58
Top 5 Sectors%
Financial Services19.92
Technology17.48
Industrials13.43
Healthcare11.78
Consumer Defensive9.52
Top 5 HoldingsSector%
Vanguard Glb Bd Idx £ H Acc6.01
JPM US Research Enhanced Idx Eq ... 5.99
Vanguard FTSE UK All Shr Idx Uni... 5.96
JPM Global Equity Income S GBP N... 4.96
Waverton Sterling Bond P GBP4.08
Increase Decrease New since last portfolio
VT Greystone Cautious Managed Fund R Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  VT Greystone Cautious Managed Fund R Inc
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.1410.442.024.13-14.557.885.860.88
+/- Category1.35-1.97-2.06-3.93-4.090.35-0.881.02
+/- Category Index---3.27-3.86-5.29-1.38-2.700.98
% Rank in Category2878679386436420
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day2.14   2.780.85
1 Week-1.65   3.181.74
1 Month-2.10   3.461.86
3 Months-1.68   3.342.12
6 Months-1.13   3.421.07
YTD-1.05   3.712.06
1 Year2.11   2.900.03
3 Years Annualised1.52   0.87-1.19
5 Years Annualised4.24   0.03-0.67
10 Years Annualised2.37   -0.48-2.05
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.88---
20242.801.002.34-0.38
20232.82-0.52-0.546.05
2022-6.67-7.88-2.141.56
2021-1.424.950.260.38
2020-19.1911.924.987.44
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageAverage3 star
10-YearBelow AverageAbove Average2 star
Overall*AverageAverage3 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.51 %
3-Yr Mean Return2.00 %
 
3-Yr Sharpe Ratio-0.32
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar EU Mod Gbl Tgt Alloc NR EUR
3-Yr Beta0.760.85
3-Yr Alpha-1.89-1.66
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 75531-
Market Capitalisation% of Equity
Giant46.76
Large35.70
Medium15.08
Small2.11
Micro0.35
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.230.91
Price/Book2.360.92
Price/Sales1.770.97
Price/Cash Flow10.570.93
Dividend-Yield Factor2.921.20
 
Long-Term Projected Earnings Growth10.101.04
Historical Earnings Growth4.880.70
Sales Growth3.620.58
Cash-Flow Growth3.890.81
Book-Value Growth5.150.92
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style31/03/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 40
Maturity Distribution %
1 to 315.19
3 to 520.71
5 to 712.55
7 to 1014.20
10 to 158.14
15 to 205.13
20 to 3013.18
Over 303.91
Effective Maturity8.77
Effective Duration6.09
Credit Quality Breakdown %     %
AAA10.65   BB7.40
AA29.45   B2.34
A17.70   Below B1.36
BBB25.50   Not Rated5.60
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock41.730.0441.69
Bond52.904.5348.37
Property0.000.000.00
Cash48.3644.463.90
Other5.060.134.93
World Regions31/03/2025
 % of EquityRelative to Category
United States39.950.76
Canada0.380.37
Latin America0.190.32
United Kingdom30.461.46
Eurozone12.401.70
Europe - ex Euro6.151.88
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.020.06
Japan1.510.26
Australasia1.822.01
Asia - Developed5.581.75
Asia - Emerging1.530.44
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.211.29
Consumer CyclicalConsumer Cyclical8.510.83
Financial ServicesFinancial Services19.921.12
Real EstateReal Estate1.550.34
Consumer DefensiveConsumer Defensive9.521.32
HealthcareHealthcare11.781.10
UtilitiesUtilities3.451.10
Communication ServicesCommunication Services5.290.77
EnergyEnergy4.871.21
IndustrialsIndustrials13.431.11
TechnologyTechnology17.480.87
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings47.13
NameSectorCountry% of Assets
Vanguard Glb Bd Idx £ H AccIreland6.01
JPM US Research Enhanced Idx Eq E AccUnited Kingdom5.99
Vanguard FTSE UK All Shr Idx Unit Tr£AccUnited Kingdom5.96
JPM Global Equity Income S GBP Net AccUnited Kingdom4.96
Waverton Sterling Bond P GBPIreland4.08
WS Canlife Short Duration Corp Bd I AccUnited Kingdom4.05
Jupiter Global Macro Bond U1 GBP AccUnited Kingdom4.04
Royal London Diversified ABS Fund Z AccUnited Kingdom4.03
Invesco Tactical Bond UK Z AccUnited Kingdom4.02
JPM Europe (ex-UK) Rsh Enh Idx Eq E AccUnited Kingdom3.99
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% 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
UCITSNo
Inception Date03/12/2012
Fund Advisor(s)
Foundation Investment Management Ltd
Fund ManagerJames Menzies
Manager Start Date02/01/2014
Education
Nottingham Trent University, B.A.
University of Exeter, M.A.
 
Biography
James Menzies joined Greystone in December 2001 and became Investment Director in 2005. He leads the Greystone investment team and helped develop our fund of fund proposition. James contributes on asset allocation, fund selection and risk management at our fortnightly investment committee meetings. He is responsible for oversight of our investment philosophy, process and fund performance. James has grown the investment team over time and works closely with a group of talented analysts. He mentors university placement students through our yearlong intern programme, and has done so for over a decade. In recent years, he has been involved with the summer internship scheme for local sixth form pupils, offering work experience within our fund management team. James holds a BA (Hons) in International Relations from Nottingham Trent University and an MA in Finance and Investment from the University of Exeter. He is an associate member of CFA UK (formerly the UK Society of Investment Professionals) and holds professional qualifications in portfolio management, derivatives and investment analysis. James is a chartered fellow of the Chartered Institute of Securities and Investment and a Chartered Wealth Manager. He brings 19 years of experience to the role.
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
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes