Morningstar Fund Report  | 13/04/2025Print

TM Stonehage Fleming Opportunities Fund C Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
TM Stonehage Fleming Opportunities Fund C Acc
Fund27.4-2.6-15.12.7-6.4
+/-Cat4.621.4-14.9-3.00.7
+/-B’mrk---22.0-2.0-2.8
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
11/04/2025		 GBX 1391.00
Day Change -1.28%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B9F9Z985
Fund Size (Mil)
28/02/2025		 GBP 77.80
Share Class Size (Mil)
11/04/2025		 GBP 3.62
Max Initial Charge 5.00%
Ongoing Charge
19/02/2025		  0.67%
Investment Objective: TM Stonehage Fleming Opportunities Fund C Acc
The objective of the Fund is to achieve long-term (5 year rolling period) capital growth, net of fees. The Fund focuses (80% - 100%) on UK listed equities that are in the following categories: smaller companies offering longterm growth potential; companies who could for example have suffered a short term setback but still offer recovery and/or future growth prospects; and companies in sectors which are perceived to be unduly depressed.
Returns
Trailing Returns (GBP)11/04/2025
YTD-13.76
3 Years Annualised-11.00
5 Years Annualised6.13
10 Years Annualised2.78
12 Month Yield 2.28
Management
Manager Name
Start Date
Paul Mumford
29/02/1988
Nick Burchett
01/11/2017
Inception Date
15/05/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Deutsche Numis SC Ex Invt Com TR GBPMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  TM Stonehage Fleming Opportunities Fund C Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.260.0099.26
Bond0.000.000.00
Property0.000.000.00
Cash0.740.000.74
Other0.000.000.00
Top 5 Regions%
United Kingdom97.37
Asia - Emerging1.84
Asia - Developed0.79
United States0.00
Canada0.00
Top 5 Sectors%
Industrials33.48
Energy19.14
Technology12.05
Healthcare6.75
Communication Services5.72
Top 5 HoldingsSector%
MS International PLCIndustrialsIndustrials8.72
Costain Group PLCIndustrialsIndustrials4.24
Serica Energy PLCEnergyEnergy3.41
Avon Technologies PLCIndustrialsIndustrials3.31
EnQuest PLCEnergyEnergy2.83
Increase Decrease New since last portfolio
TM Stonehage Fleming Opportunities Fund C Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  TM Stonehage Fleming Opportunities Fund C 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-15.5124.67-0.6727.43-2.58-15.132.67-6.45
+/- Category-3.53-0.59-7.964.5821.45-14.89-2.950.65
+/- Category Index------22.03-1.99-2.79
% Rank in Category716473222997732
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.28   -0.11-1.44
1 Week-1.28   -0.88-2.51
1 Month-8.55   -2.39-3.29
3 Months-13.66   -3.78-10.19
6 Months-14.51   -2.28-4.50
YTD-13.76   -1.96-5.86
1 Year-11.51   -2.64-7.62
3 Years Annualised-11.00   -3.99-7.84
5 Years Annualised6.13   1.662.83
10 Years Annualised2.78   -1.770.60
 
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
2025-6.45---
2024-4.0713.47-4.04-1.71
2023-9.78-9.16-2.836.58
20221.74-7.55-6.1610.38
202113.629.866.39-4.04
2020-39.3325.527.2621.62
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearAbove AverageHigh4 star
10-YearBelow AverageHigh2 star
OverallAverageHigh3 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.53 %
3-Yr Mean Return-6.66 %
 
3-Yr Sharpe Ratio-0.66
 
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 Beta0.730.73
3-Yr Alpha-7.80-7.80
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 266-
Market Capitalisation% of Equity
Giant1.52
Large1.34
Medium6.14
Small25.07
Micro65.93
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.440.74
Price/Book0.970.64
Price/Sales0.550.63
Price/Cash Flow4.860.68
Dividend-Yield Factor3.781.06
 
Long-Term Projected Earnings Growth10.371.14
Historical Earnings Growth2.311.07
Sales Growth-6.30-1.56
Cash-Flow Growth-20.86-4.54
Book-Value Growth-0.93-0.71
 
Category: UK Small-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.260.0099.26
Bond0.000.000.00
Property0.000.000.00
Cash0.740.000.74
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom97.371.02
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 - Developed0.791.15
Asia - Emerging1.8413.29
 
Category: UK Small-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.690.79
Consumer CyclicalConsumer Cyclical2.210.14
Financial ServicesFinancial Services5.660.34
Real EstateReal Estate4.641.18
Consumer DefensiveConsumer Defensive5.660.95
HealthcareHealthcare6.751.80
Communication ServicesCommunication Services5.720.71
EnergyEnergy19.146.96
IndustrialsIndustrials33.481.48
TechnologyTechnology12.050.87
 
Category: UK Small-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings58
Total Number of Bond Holdings0
Assets in Top 10 Holdings35.51
NameSectorCountry% of Assets
MS International PLC310United Kingdom8.72
Costain Group PLC310United Kingdom4.24
Serica Energy PLC309United Kingdom3.41
Avon Technologies PLC310United Kingdom3.31
EnQuest PLC309United Kingdom2.83
Senior PLC310United Kingdom2.75
Kistos Holdings PLC Ordinary Shares309United Kingdom2.67
Hunting PLC309United Kingdom2.58
Advanced Medical Solutions Group PLC206United Kingdom2.53
Supreme PLC Ordinary Shares310United Kingdom2.47
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanyThesis Unit Trust Management Limited
Phone+44 1243 531234
Websitewww.tutman.co.uk
AddressThesis Unit Trust Management Limited
 Chichester   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date15/05/2013
Fund Advisor(s)
Stonehage Fleming Investment Management Limited
Fund ManagerPaul Mumford
Manager Start Date29/02/1988
Career Start Year1988
 
Biography
Paul Mumford began his career in 1963 working initially as an Analyst for Norris Oakley Brothers and later as a smaller companies expert at R Nivison. Paul moved to fund management in 1988 when he joined Glenfriars. Paul then joined Cavendish Asset Management at the group’s formation in 1994 and funds were launched. The group was subsequently acquired by Stonehage Fleming in July 2020. Paul is the co-manager of the TM Stonehage Fleming AIM Fund and the TM Stonehage Fleming Opportunities Fund.
Fund ManagerNick Burchett
Manager Start Date01/11/2017
 
Biography
Nick Burchett began his career in 1983 at Strauss Turnbull and subsequently joined W.I. Carr in 1990 which later became Investec Wealth & Investment after a number of mergers and acquisitions. Nick dealt extensively with portfolios of UK equities, markets and execution strategies. After 27 years at Investec he joined Cavendish Asset Management in November 2017 to jointly manage this fund. The acquisition of Cavendish Asset Management was subsequently made by Stonehage Fleming in July 2020. Nick is the co-manager of the TM Stonehage Fleming AIM Fund and the TM Stonehage Fleming Opportunities Fund.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.67%
Purchase Details
Minimum Investments
Initial50000  GBP
Additional5000  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes