Morningstar Fund Report  | 23/04/2025Print

Slater Income Fund Class A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Slater Income Fund Class A Acc
Fund24.5-3.63.34.4-0.1
+/-Cat6.7-0.1-3.5-3.7-0.9
+/-B’mrk---4.3-5.4-5.2
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
22/04/2025		 GBX 210.63
Day Change 0.74%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00BYV2HN48
Fund Size (Mil)
31/03/2025		 GBP 58.92
Share Class Size (Mil)
31/03/2025		 GBP 0.50
Max Initial Charge -
Ongoing Charge
10/01/2025		  1.61%
Investment Objective: Slater Income Fund Class A Acc
The investment objective of the Fund is to produce an attractive and increasing level of income while additionally seeking long term capital growth by investing predominantly in the shares of UK listed equities. The Fund will invest predominantly in UK listed companies across the full range of market capitalisations, including those listed on the Alternative Investment Market (AIM).
Returns
Trailing Returns (GBP)22/04/2025
YTD-0.59
3 Years Annualised0.38
5 Years Annualised9.63
10 Years Annualised-
12 Month Yield 5.85
Management
Manager Name
Start Date
Mark Slater
26/09/2011
Eric Moore
10/01/2021
Inception Date
23/11/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Equity Income SectorMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Slater Income Fund Class A Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.990.0097.99
Bond0.000.000.00
Property0.000.000.00
Cash0.000.02-0.02
Other2.410.382.03
Top 5 Regions%
United Kingdom99.68
Latin America0.17
Japan0.15
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services31.54
Consumer Cyclical12.81
Energy11.95
Consumer Defensive10.31
Industrials8.93
Top 5 HoldingsSector%
Shell PLCEnergyEnergy6.07
Lloyds Banking Group PLCFinancial ServicesFinancial Services5.56
GSK PLCHealthcareHealthcare4.67
M&G PLC Ordinary SharesFinancial ServicesFinancial Services4.63
Imperial Brands PLCConsumer DefensiveConsumer Defensive4.59
Increase Decrease New since last portfolio
Slater Income Fund Class A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Slater Income Fund Class A Acc
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-12.8721.25-13.7424.49-3.563.304.39-0.06
+/- Category-2.322.30-1.186.69-0.12-3.46-3.69-0.93
+/- Category Index------4.32-5.43-5.22
% Rank in Category7341691264898269
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.74   0.070.13
1 Week1.61   0.660.62
1 Month-1.26   1.601.86
3 Months-1.48   1.71-0.14
6 Months-3.98   -2.02-5.65
YTD-0.59   0.35-3.21
1 Year-0.01   -4.45-7.93
3 Years Annualised0.38   -3.48-6.18
5 Years Annualised9.63   -0.09-1.43
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
2025-0.06---
20242.145.100.07-2.82
2023-1.89-0.542.223.57
20220.77-6.32-4.817.32
20217.895.405.653.63
2020-31.339.64-4.0919.46
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageLow2 star
5-YearAverageBelow Average3 star
10-Year--Not Rated
OverallAverageBelow Average3 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.41 %
3-Yr Mean Return1.57 %
 
3-Yr Sharpe Ratio-0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta0.820.84
3-Yr Alpha-5.67-5.46
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 2875-
Market Capitalisation% of Equity
Giant17.57
Large20.86
Medium11.30
Small15.01
Micro35.26
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.130.81
Price/Book1.360.85
Price/Sales0.620.68
Price/Cash Flow6.280.88
Dividend-Yield Factor6.491.42
 
Long-Term Projected Earnings Growth8.380.88
Historical Earnings Growth-0.370.06
Sales Growth9.311.62
Cash-Flow Growth2.846.14
Book-Value Growth1.621.05
 
Category: UK Equity Income
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.990.0097.99
Bond0.000.000.00
Property0.000.000.00
Cash0.000.02-0.02
Other2.410.382.03
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.175.19
United Kingdom99.681.08
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.151.12
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.810.64
Consumer CyclicalConsumer Cyclical12.811.33
Financial ServicesFinancial Services31.541.25
Real EstateReal Estate3.781.05
Consumer DefensiveConsumer Defensive10.310.78
HealthcareHealthcare5.030.58
UtilitiesUtilities3.190.65
Communication ServicesCommunication Services3.700.61
EnergyEnergy11.951.60
IndustrialsIndustrials8.930.68
TechnologyTechnology4.942.20
 
Category: UK Equity Income
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.89
NameSectorCountry% of Assets
Shell PLC309United Kingdom6.07
Lloyds Banking Group PLC103United Kingdom5.56
GSK PLC206United Kingdom4.67
M&G PLC Ordinary Shares103United Kingdom4.63
Imperial Brands PLC205United Kingdom4.59
BP PLC309United Kingdom4.01
Legal & General Group PLC103United Kingdom3.98
Tesco PLC205United Kingdom3.75
H&T Group PLC103United Kingdom3.42
Chesnara PLC103United Kingdom3.20
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
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 StructureOpen Ended Investment Company
UCITSYes
Inception Date23/11/2015
Fund Advisor(s)
Slater Investments Limited
Fund ManagerMark Slater
Manager Start Date26/09/2011
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.
Fund ManagerEric Moore
Manager Start Date10/01/2021
Education
Trinity College, M.A.
Edinburgh University, M.S.
 
Biography
Eric Moore joined Miton group in July 2013. Prior to this, Eric was a member of the PSigma Income team from May 2010. He began his career at Gartmore where he spent 10 years in a variety of roles, including co-managing the Gartmore UK Growth Fund. In 2005, he moved to Insight Investment as Director of UK Equities where he was responsible for co-managing a combined £5bn of institutional and retail money. Eric holds an MA (Hons.) in Philosophy, Politics and Economics, from Trinity College, Oxford and an MSc (Hons.) in Cognitive Science, from the University of Edinburgh. Eric is an Associate of the Chartered Institute for Securities and Investment.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.61%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes