Morningstar Fund Report  | 17/04/2025Print

Unicorn UK Ethical Income Fund Class B Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Unicorn UK Ethical Income Fund Class B Income
Fund15.7-10.77.00.3-10.1
+/-Cat-2.1-7.20.3-7.8-11.0
+/-B’mrk---0.6-9.6-15.3
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
16/04/2025		 GBX 76.60
Day Change 0.01%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00BYP2Y515
Fund Size (Mil)
16/04/2025		 GBP 28.63
Share Class Size (Mil)
16/04/2025		 GBP 13.44
Max Initial Charge 2.50%
Ongoing Charge
23/01/2025		  0.81%
Investment Objective: Unicorn UK Ethical Income Fund Class B Income
The Unicorn UK Ethical Income Fund aims to provide an income by investing in UK companies which meet the ACD’s ethical guidelines. For this purpose, UK companies are defined as those which are incorporated or domiciled in the UK, or have a significant part of their operations in the UK. Selection of such ethical equities will be undertaken on the basis of thorough company analysis, with ethical and socially responsible criteria reviewed at the point of investment and quarterly thereafter. The Fund may also invest, at its discretion, in other transferable securities, deposits and cash. The Fund may also enter into certain derivative and forward transactions for hedging purposes. The Fund invests at least 80% in UK quoted companies with a bias towards small and medium-sized companies (those with a market value of less than £4 billion). Some of the companies may be quoted on AIM. AIM is the London Stock Exchange’s international market for smaller, growing companies.
Returns
Trailing Returns (GBP)16/04/2025
YTD-12.98
3 Years Annualised-4.10
5 Years Annualised3.77
10 Years Annualised-
12 Month Yield 6.07
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Fraser Mackersie
01/04/2016
Simon Moon
01/04/2016
Inception Date
01/04/2016

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Equity Income SectorMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Unicorn UK Ethical Income Fund Class B Income28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock92.250.0092.25
Bond0.000.000.00
Property0.000.000.00
Cash6.180.006.18
Other1.570.001.57
Top 5 Regions%
United Kingdom90.27
Latin America5.97
United States3.77
Canada0.00
Eurozone0.00
Top 5 Sectors%
Industrials36.42
Financial Services24.26
Real Estate11.17
Basic Materials9.42
Utilities6.25
Top 5 HoldingsSector%
James Halstead PLCIndustrialsIndustrials5.84
Telecom Plus PLCUtilitiesUtilities5.77
Ocean Wilsons Holdings LtdIndustrialsIndustrials5.51
LondonMetric Property PLCReal EstateReal Estate5.49
Polar Capital Holdings PLCFinancial ServicesFinancial Services5.29
Increase Decrease New since last portfolio
Unicorn UK Ethical Income Fund Class B Income
Growth Of 1000 (GBP) 31/03/2025
Fund:  Unicorn UK Ethical Income Fund Class B Income
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.6525.72-14.6415.73-10.657.020.27-10.11
+/- Category0.916.77-2.08-2.07-7.210.27-7.81-10.98
+/- Category Index------0.60-9.56-15.27
% Rank in Category38167567835899100
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.01   -1.39-1.46
1 Week5.76   0.861.19
1 Month-3.66   -0.470.25
3 Months-11.11   -10.13-11.58
6 Months-19.66   -16.97-21.08
YTD-12.98   -11.13-14.59
1 Year-12.85   -16.57-20.46
3 Years Annualised-4.10   -7.76-9.94
5 Years Annualised3.77   -5.92-7.70
10 Years Annualised-   --
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-10.11---
20240.866.681.68-8.35
2023-0.430.56-1.528.55
2022-5.35-7.03-11.0014.08
20215.085.114.100.66
2020-33.119.921.0714.88
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAbove Average1 star
5-YearLowAbove Average1 star
10-Year--Not Rated
OverallLowAbove Average1 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.72 %
3-Yr Mean Return-2.04 %
 
3-Yr Sharpe Ratio-0.41
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.990.77
3-Yr Alpha-9.97-2.82
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 605-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium10.20
Small51.50
Micro38.30
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.950.97
Price/Book1.390.86
Price/Sales0.971.07
Price/Cash Flow7.771.08
Dividend-Yield Factor6.361.39
 
Long-Term Projected Earnings Growth7.640.80
Historical Earnings Growth-13.592.02
Sales Growth-13.11-2.28
Cash-Flow Growth-5.04-10.92
Book-Value Growth2.251.46
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock92.250.0092.25
Bond0.000.000.00
Property0.000.000.00
Cash6.180.006.18
Other1.570.001.57
World Regions28/02/2025
 % of EquityRelative to Category
United States3.771.46
Canada0.000.00
Latin America5.97187.03
United Kingdom90.270.98
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.421.58
Consumer CyclicalConsumer Cyclical2.080.22
Financial ServicesFinancial Services24.260.96
Real EstateReal Estate11.173.11
UtilitiesUtilities6.251.27
Communication ServicesCommunication Services5.790.96
IndustrialsIndustrials36.422.79
TechnologyTechnology4.622.06
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings28
Total Number of Bond Holdings0
Assets in Top 10 Holdings49.06
NameSectorCountry% of Assets
James Halstead PLC310United Kingdom5.84
Telecom Plus PLC207United Kingdom5.77
Ocean Wilsons Holdings Ltd310Brazil5.51
LondonMetric Property PLC104United Kingdom5.49
Polar Capital Holdings PLC103United Kingdom5.29
Primary Health Properties PLC104United Kingdom4.81
Vesuvius PLC101United Kingdom4.70
Clarkson PLC310United Kingdom4.12
Castings PLC310United Kingdom3.84
Severfield PLC310United Kingdom3.70
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyUnicorn Asset Management Ltd
Phone+44 20 71530889
Websitewww.unicornam.com
AddressPreacher's Court
 London   EC1M 6AU
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/04/2016
Fund Advisor(s)
Unicorn Asset Management Ltd
Fund ManagerFraser Mackersie
Manager Start Date01/04/2016
Fund ManagerSimon Moon
Manager Start Date01/04/2016
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge2.50%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.81%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes