Morningstar Fund Report  | 01/04/2025Print

Courtiers UK Equity Income Fund I Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Courtiers UK Equity Income Fund I Acc
Fund29.7-10.68.911.21.6
+/-Cat11.9-7.22.13.1-1.8
+/-B’mrk--1.21.4-5.8
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
28/03/2025		 GBP 1.97
Day Change -0.35%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00BYXVWW38
Fund Size (Mil)
28/03/2025		 GBP 59.67
Share Class Size (Mil)
28/03/2025		 GBP 56.55
Max Initial Charge -
Ongoing Charge
04/02/2025		  0.75%
Investment Objective: Courtiers UK Equity Income Fund I Acc
The Fund seeks to provide income and capital growth from a portfolio of UK company shares, over 5 years. The Fund aims to achieve this by investing at least 90% of its assets in shares of companies incorporated, domiciled or having the predominant part of their business in the UK. The time horizon is not a recommendation to sell the investment at the end of that minimum period.
Returns
Trailing Returns (GBP)28/03/2025
YTD1.34
3 Years Annualised5.11
5 Years Annualised14.86
10 Years Annualised-
12 Month Yield 1.49
Management
Manager Name
Start Date
Gary Reynolds
27/11/2015
Jacob Reynolds
01/03/2021
Inception Date
27/11/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Equity IncomeMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Courtiers UK Equity Income Fund I Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.560.0098.56
Bond0.000.000.00
Property0.000.000.00
Cash1.440.001.44
Other0.000.000.00
Top 5 Regions%
United Kingdom97.50
Asia - Emerging2.50
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Consumer Cyclical16.19
Financial Services15.41
Industrials15.35
Communication Services12.64
Healthcare9.70
Top 5 HoldingsSector%
Centrica PLCUtilitiesUtilities3.94
BT Group PLCCommunication ServicesCommunication Services3.62
International Consolidated Airli... IndustrialsIndustrials3.53
Tesco PLCConsumer DefensiveConsumer Defensive3.51
Smith & Nephew PLCHealthcareHealthcare3.46
Increase Decrease New since last portfolio
Courtiers UK Equity Income Fund I Acc
Growth Of 1000 (GBP) 28/02/2025
Fund:  Courtiers UK Equity Income Fund I Acc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-9.8528.64-11.0729.74-10.608.8611.231.65
+/- Category0.719.701.4911.93-7.162.103.15-1.79
+/- Category Index-----1.241.41-5.76
% Rank in Category39544183312283
Trailing Returns (GBP)28/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.35   -0.860.63
1 Week0.15   -0.290.74
1 Month-0.30   0.571.79
3 Months1.81   -1.07-3.35
6 Months-1.80   -2.03-6.85
YTD1.34   -1.10-3.82
1 Year11.00   2.97-0.65
3 Years Annualised5.11   -0.31-2.44
5 Years Annualised14.86   3.642.91
10 Years Annualised-   --
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20241.555.875.86-2.27
20230.50-1.302.267.32
2022-5.52-5.49-13.5515.82
202113.825.533.494.37
2020-35.919.74-4.1231.87
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh2 star
5-YearAbove AverageHigh2 star
10-Year--Not Rated
OverallAverageHigh2 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev16.93 %
3-Yr Mean Return5.75 %
 
3-Yr Sharpe Ratio0.10
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta1.310.93
3-Yr Alpha-5.054.50
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 3782-
Market Capitalisation% of Equity
Giant6.22
Large25.99
Medium28.79
Small29.48
Micro9.52
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.500.73
Price/Book0.980.60
Price/Sales0.460.60
Price/Cash Flow4.240.58
Dividend-Yield Factor6.281.42
 
Long-Term Projected Earnings Growth7.720.86
Historical Earnings Growth-4.460.93
Sales Growth2.560.50
Cash-Flow Growth10.4212.99
Book-Value Growth4.442.37
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.560.0098.56
Bond0.000.000.00
Property0.000.000.00
Cash1.440.001.44
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom97.501.06
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging2.5033.08
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials8.791.46
Consumer CyclicalConsumer Cyclical16.191.65
Financial ServicesFinancial Services15.410.61
Consumer DefensiveConsumer Defensive6.130.46
HealthcareHealthcare9.701.14
UtilitiesUtilities7.461.59
Communication ServicesCommunication Services12.642.06
EnergyEnergy2.900.40
IndustrialsIndustrials15.351.15
TechnologyTechnology5.432.31
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings33
Total Number of Bond Holdings0
Assets in Top 10 Holdings35.00
NameSectorCountry% of Assets
Centrica PLC207United Kingdom3.94
BT Group PLC308United Kingdom3.62
International Consolidated Airlines G... 310United Kingdom3.53
Tesco PLC205United Kingdom3.51
Smith & Nephew PLC206United Kingdom3.46
Barclays PLC103United Kingdom3.46
Vesuvius PLC101United Kingdom3.46
Drax Group PLC207United Kingdom3.42
ITV PLC308United Kingdom3.31
Lloyds Banking Group PLC103United Kingdom3.31
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyCOURTIERS Asset Management Ltd
Phone-
Website -
Address18 Hart Street, Henley-On-Thames, Oxfordshire, RG9 2AU
 Henley-On-Thames   NULL
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date27/11/2015
Fund Advisor(s)
COURTIERS Asset Management Ltd
Fund ManagerGary Reynolds
Manager Start Date27/11/2015
 
Biography
Gary is a CFA Charterholder, a Chartered Fellow of the Chartered Institute for Securities & Investments and an Associate of the Chartered Insurance Institute. Married with two sons, aside from asset management, Gary is passionately committed to the development of sport in Reading and Berkshire and is CEO at Rams RFC, a National 1 rugby club that runs five senior men’s sides, a ladies team and a huge junior section. Outside of his family, business and rugby interests, Gary likes walking his dogs, which he acquired from Battersea Dogs Home & the RSPCA. “Giving a home to rescue dogs has been one of the best experiences of my life – I have solved more problems walking them in the woods and fields than I could ever do sitting at a desk, and irrespective of how Rams have performed on the pitch, or whether markets have done well, or we have lost or made money for our investors, the dogs are still pleased to see me.”.
Fund ManagerJacob Reynolds
Manager Start Date01/03/2021
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.75%
Purchase Details
Minimum Investments
Initial5000000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes