Morningstar Fund Report  | 02/04/2025Print

7IM AAP Adventurous Fund S Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
7IM AAP Adventurous Fund S Inc
Fund13.5-4.73.97.0-0.3
+/-Cat0.05.1-5.6-4.02.0
+/-B’mrk-2.81.1-8.6-7.51.3
 
Category: GBP Allocation 80%+ Equity
Category Benchmark: Morningstar UK Adv Tgt Allo...
Key Stats
NAV
01/04/2025		 GBX 159.58
Day Change -0.48%
Morningstar Category™ GBP Allocation 80%+ Equity
IA (formerly IMA) Sector Flexible Investment
ISIN GB00BJBPX187
Fund Size (Mil)
28/02/2025		 GBP 354.00
Share Class Size (Mil)
01/04/2025		 GBP 1.14
Max Initial Charge -
Ongoing Charge
07/02/2025		  0.39%
Investment Objective: 7IM AAP Adventurous Fund S Inc
The Fund aims to provide capital growth. The Sub-Fund invests, directly and indirectly, to achieve exposure of at least 80% to equity and fixed interest instruments. This exposure is, for the most part, obtained through passive strategies (that is, strategies designed to track the performance of particular indices, market sectors or asset classes) but may also be achieved through the use of futures contracts which require cover to be held (typically in the form of money market funds and money market instruments).
Returns
Trailing Returns (GBP)01/04/2025
YTD-0.73
3 Years Annualised2.52
5 Years Annualised9.16
10 Years Annualised4.80
12 Month Yield 1.72
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Martyn Surguy
08/10/2018
Uwe Ketelsen
01/02/2021
Click here to see others
Inception Date
26/02/2014

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Flexible InvestmentsMorningstar UK Adv Tgt Alloc NR GBP
Portfolio Profile for  7IM AAP Adventurous Fund S Inc28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock92.160.0092.16
Bond5.650.005.65
Property0.000.000.00
Cash43.4841.721.76
Other0.440.010.43
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States40.39
United Kingdom18.21
Eurozone13.83
Japan10.18
Europe - ex Euro7.31
Top 5 Sectors%
Financial Services20.37
Technology15.22
Industrials10.99
Healthcare9.67
Consumer Cyclical9.38
Top 5 HoldingsSector%
HSBC European Index Accumulation C15.91
iShares US Equity ESG Index (UK)... 14.73
Xtrackers S&P 500 EW ETF 1C9.23
L&G UK 100 Index C Acc8.92
Amundi IS MSCI JpnClmtNZAmbtCTBE... 7.54
Increase Decrease New since last portfolio
7IM AAP Adventurous Fund S Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  7IM AAP Adventurous Fund S Inc
Category:  GBP Allocation 80%+ Equity
Category Index:  Morningstar UK Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.8314.725.9413.55-4.723.857.01-0.26
+/- Category-0.63-3.33-0.97-0.025.08-5.58-3.951.99
+/- Category Index---0.05-2.771.13-8.57-7.521.27
% Rank in Category59855456109687-
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.48   0.75-0.96
1 Week-2.37   -0.93-0.73
1 Month-4.59   -0.45-0.41
3 Months-0.73   1.430.32
6 Months-0.90   -0.59-3.11
YTD-0.73   1.430.31
1 Year2.36   -0.32-3.61
3 Years Annualised2.52   -0.95-4.34
5 Years Annualised9.16   -0.10-3.91
10 Years Annualised4.80   -0.97-3.44
 
Category: GBP Allocation 80%+ Equity
Category Index: Morningstar UK Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.26---
20243.780.752.63-0.28
20230.90-0.30-0.934.20
2022-2.10-6.911.263.25
20213.684.951.502.81
2020-16.4914.801.299.09
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average3 star
5-YearAverageBelow Average3 star
10-YearBelow AverageAverage2 star
OverallBelow AverageAverage3 star
 
Category :  GBP Allocation 80%+ EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.43 %
3-Yr Mean Return2.92 %
 
3-Yr Sharpe Ratio-0.13
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Adv Tgt Alloc NR GBP  Morningstar Australia NZ 50/50 GR USD
3-Yr Beta0.770.48
3-Yr Alpha-3.542.17
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 57383-
Market Capitalisation% of Equity
Giant40.66
Large32.81
Medium22.97
Small3.32
Micro0.25
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.910.92
Price/Book2.100.84
Price/Sales1.670.91
Price/Cash Flow10.280.91
Dividend-Yield Factor2.791.23
 
Long-Term Projected Earnings Growth9.590.94
Historical Earnings Growth3.220.52
Sales Growth4.740.85
Cash-Flow Growth1.840.34
Book-Value Growth4.980.90
 
Category: GBP Allocation 80%+ Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 354
Maturity Distribution %
1 to 352.43
3 to 50.00
5 to 70.00
7 to 100.00
10 to 150.00
15 to 200.00
20 to 3045.70
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 80%+ Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock92.160.0092.16
Bond5.650.005.65
Property0.000.000.00
Cash43.4841.721.76
Other0.440.010.43
World Regions28/02/2025
 % of EquityRelative to Category
United States40.390.81
Canada0.460.43
Latin America0.640.80
United Kingdom18.210.98
Eurozone13.831.44
Europe - ex Euro7.311.68
Europe - Emerging0.321.82
Africa0.251.32
Middle East0.681.38
Japan10.181.68
Australasia0.440.45
Asia - Developed2.930.75
Asia - Emerging4.341.09
 
Category: GBP Allocation 80%+ Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.871.02
Consumer CyclicalConsumer Cyclical9.380.88
Financial ServicesFinancial Services20.371.10
Real EstateReal Estate8.503.04
Consumer DefensiveConsumer Defensive6.500.99
HealthcareHealthcare9.670.85
UtilitiesUtilities2.580.98
Communication ServicesCommunication Services9.111.36
EnergyEnergy3.801.11
IndustrialsIndustrials10.990.87
TechnologyTechnology15.220.73
 
Category: GBP Allocation 80%+ Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings3
Assets in Top 10 Holdings81.41
NameSectorCountry% of Assets
HSBC European Index Accumulation CUnited Kingdom15.91
iShares US Equity ESG Index (UK) S AccUnited Kingdom14.73
Xtrackers S&P 500 EW ETF 1CIreland9.23
L&G UK 100 Index C AccUnited Kingdom8.92
Amundi IS MSCI JpnClmtNZAmbtCTBETF£DLuxembourg7.54
Amundi MSCI Emerging Markets II ETF DistLuxembourg6.94
Fut. Ftse Mar25United Kingdom4.93
iShares Envir&Lw Carb Tilt REIdx(UK)LAccUnited Kingdom4.78
Amundi FTSE 100 ETF AccLuxembourg4.48
Xtrackers MSCI World Financials ETF 1CIreland3.97
 
Increase Decrease New since last portfolio
Category: GBP Allocation 80%+ Equity
 
Management
Name of Company7IM
Phone+44 207 760 8777
Websitewww.7im.co.uk
Address1 Angel Court
 London   EC2R 7HJ
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date26/02/2014
Fund Advisor(s)
Seven Investment Management LLP
Fund ManagerMartyn Surguy
Manager Start Date08/10/2018
 
Biography
Martyn joined 7IM in 2018 as Chief Investment Officer. He spent 15 years at Deutsche Bank where he was Chief Investment Officer (CIO) of the International and UK businesses before joining Morgan Stanley where he was CIO of the EMEA wealth management business. Before that, he spent seven years at Rothschilds managing private client portfolios. Latterly, he was Head of Portfolio Management at Credit Suisse UK. He has over 25 years of discretionary investment management experience. Martyn qualified as a Chartered Accountant with KPMG in 1989 and is a graduate of York University with a degree in Politics.
Fund ManagerUwe Ketelsen
Manager Start Date01/02/2021
 
Biography
Uwe joined 7IM in February 2021 as Head of Portfolio Management. He has more than 20 years experience in investment management, spanning top-down and bottom-up research, asset allocation, fund selection, and portfolio & risk management, across both traditional & alternative investments. Uwe began his career at UBS in Switzerland and the United States, focusing on economic research, country & industry risk analysis and loan portfolio management. He then joined Dresdner Bank in Switzerland as Portfolio Manager & Equity Analyst and designed Dresdner’s Alternative Investment Platform. He joined Barclays Wealth in the UK in 2005 building its alternative investment product offering, with a particular focus on property and commodities. The last 13 years Uwe has held various leadership roles in investments at Coutts, most recently as Head of Fund Research. He has developed a passion for transparency, liquidity and delivering value for money to clients, as well as patient investment and active engagement.
Fund ManagerMatthew Yeates
Manager Start Date03/02/2014
 
Biography
Matthew is Deputy Chief Investment Officer and leads alternatives and quantitative research at 7IM,sitting on the investment committee. He was the lead designer of 7iM’s Retirement Income Service (RIS) and joined 7iM in 2014 to help establish the investment risk function. Matthew came to 7iM from Brewin Dolphin where he worked as a Quantitative Analyst in Investment Research. He holds a degree in Economics from University College London and is both a Chartered Financial Analyst® (CFA) charterholder and a Certified Financial Risk Manager. He was named in Forbe’s 30 under 30 list for 2020 and was the youngest of Financial New's rising stars of asset management in 2017.
Fund ManagerTony Lawrence
Manager Start Date27/03/2008
 
Biography
Tony is the Head of Model Portfolio Management at 7IM and leads on the active manager portfolios. He also sits on the fixed income group and takes sector ownership for credit strategies. Tony started at 7IM in 2015 to drive forward the fund selection process, having joined from Columbia Threadneedle where he was Head of Analytics on the Multi-Manager team. Tony graduated in Maths with Finance from the University of Southampton and is both a CFA and CAIA charterholder.
Fund ManagerAhmer Tirmizi
Manager Start Date19/09/2011
 
Biography
Ahmer joined 7IM in 2011 first as Research Analyst and is now the Head of Fixed Income Strategy. He also leads the Investment Management Team’s fixed income group. His specialist areas include Macroeconomics, top-down investment strategy and fixed income. Ahmer first graduated in Economics from Royal Holloway, University of London but also later graduated with a MSc in Economics from Birkbeck, University of London.
Fund ManagerBen Kumar
Manager Start Date01/03/2011
 
Biography
Ben joined 7IM in 2010 as a Research Analyst after completing his degree in maths and philosophy in Bristol. Ben became an Investment Manager in 2013, and is now the Head of Equity Strategy in the Investment Team, specialising in behavioural finance. Ben appears regularly on radio and television, discussing the financial world.
Fund ManagerDuncan Blyth
Manager Start Date03/05/2016
 
Biography
Duncan joined 7IM on its acquisition of Tcam Asset Management, where he managed the Investment Research Team and helped formulate and implement the firm’s investment strategy. Duncan works in the Portfolio Management Team at 7IM and is responsible for the 7IM Select strategies which are designed for the firm’s Private Clients. He started his career in institutional fund management at Ivory & Sime in 1997 and following a period in corporate finance, Duncan joined the Investment Team at Turcan Connell in 2006. He has a BSc in Actuarial Mathematics and Statistics, MSc in Investment Analysis and is a CFA Charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.25%
Ongoing Charge0.39%
Purchase Details
Minimum Investments
Initial10000000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes