Morningstar Fund Report  | 02/04/2025Print

20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution
Fund25.1-9.410.911.21.1
+/-Cat10.68.6-5.1-4.00.0
+/-B’mrk7.19.5-11.4-12.81.4
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
31/03/2025		 USD 238.98
Day Change 0.29%
Morningstar Category™ Global Large-Cap Growth Equity
ISIN LU1389831618
Fund Size (Mil)
31/03/2025		 USD 236.91
Share Class Size (Mil)
31/03/2025		 USD 26.67
Max Initial Charge 3.00%
Ongoing Charge
15/02/2017		  2.45%
Investment Objective: 20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution
The FIERA GLOBAL EQUITY Sub-Fund (hereafter the "Sub-Fund") aims to provide long-term capital appreciation through a portfolio of broadly diversified securities, by region and industry, invested across world markets. The Sub-Fund will seek to achieve over the longer term the highest possible return that is consistent with a fundamental investment philosophy through investment primarily in global equity securities.
Returns
Trailing Returns (GBP)31/03/2025
YTD-5.82
3 Years Annualised4.36
5 Years Annualised11.39
10 Years Annualised-
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Not Disclosed
06/04/2016
Inception Date
07/04/2016

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI World NR EURMorningstar Gbl Growth TME NR USD
Portfolio Profile for  20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.030.00100.03
Bond0.000.000.00
Property0.000.000.00
Cash0.000.03-0.03
Other0.000.000.00
Top 5 Regions%
United States66.38
Europe - ex Euro10.12
Asia - Developed6.65
United Kingdom6.46
Eurozone5.95
Top 5 Sectors%
Technology22.68
Consumer Cyclical19.82
Financial Services19.47
Healthcare10.77
Industrials10.14
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology7.15
Alphabet Inc Class ACommunication ServicesCommunication Services6.86
Taiwan Semiconductor Manufacturi... TechnologyTechnology6.65
Moodys CorpFinancial ServicesFinancial Services6.43
AutoZone IncConsumer CyclicalConsumer Cyclical5.86
Increase Decrease New since last portfolio
20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution
Growth Of 1000 (GBP) 28/02/2025
Fund:  20UGS (UCITS) Funds Pinestone Global Equity Class P USD distribution
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return0.4326.1613.8325.12-9.4410.9311.191.11
+/- Category5.171.93-9.8710.558.64-5.09-4.010.00
+/- Category Index---7.059.53-11.38-12.761.36
% Rank in Category63783810746550
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.29   1.97-0.54
1 Week-2.33   0.841.31
1 Month-6.86   0.500.75
3 Months-5.82   0.802.03
6 Months-2.72   -1.18-2.63
YTD-5.82   0.802.02
1 Year-3.01   -1.48-6.54
3 Years Annualised4.36   0.80-2.40
5 Years Annualised11.39   1.08-2.67
10 Years Annualised-   --
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20247.971.01-1.303.29
20234.762.26-1.765.41
2022-7.44-7.051.443.77
20211.099.852.809.60
2020-12.6316.166.395.42
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageBelow Average3 star
10-Year--Not Rated
OverallAverageBelow Average3 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev10.76 %
3-Yr Mean Return8.47 %
 
3-Yr Sharpe Ratio0.40
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  MSCI World NR USD
3-Yr Beta0.850.94
3-Yr Alpha-2.60-4.01
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)CAD 285299-
Market Capitalisation% of Equity
Giant53.85
Large26.05
Medium20.10
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.720.98
Price/Book6.401.29
Price/Sales4.341.16
Price/Cash Flow17.851.08
Dividend-Yield Factor1.561.37
 
Long-Term Projected Earnings Growth10.260.91
Historical Earnings Growth10.850.81
Sales Growth9.191.02
Cash-Flow Growth5.440.45
Book-Value Growth12.361.10
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.030.00100.03
Bond0.000.000.00
Property0.000.000.00
Cash0.000.03-0.03
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States66.381.00
Canada0.000.00
Latin America0.000.00
United Kingdom6.461.26
Eurozone5.950.56
Europe - ex Euro10.121.90
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan2.950.96
Australasia0.000.00
Asia - Developed6.651.81
Asia - Emerging1.490.58
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.331.19
Consumer CyclicalConsumer Cyclical19.821.60
Financial ServicesFinancial Services19.471.31
Consumer DefensiveConsumer Defensive6.951.41
HealthcareHealthcare10.770.78
Communication ServicesCommunication Services6.860.83
IndustrialsIndustrials10.140.93
TechnologyTechnology22.680.76
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings32
Total Number of Bond Holdings0
Assets in Top 10 Holdings52.52
NameSectorCountry% of Assets
Microsoft Corp311United States7.15
Alphabet Inc Class A308United States6.86
Taiwan Semiconductor Manufacturing Co... 311Taiwan6.65
Moodys Corp103United States6.43
AutoZone Inc102United States5.86
Mastercard Inc Class A103United States5.43
TJX Companies Inc102United States3.61
Lvmh Moet Hennessy Louis Vuitton SE102France3.57
Oracle Corp311United States3.55
InterContinental Hotels Group PLC102United Kingdom3.40
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyKroll (Luxembourg) Management Company S.à r.l.
Phone-
Website -
AddressAIR Building 1, rue Jean Piret L-2350 Luxembourg
 -   -
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date07/04/2016
Fund Advisor(s)
PineStone Asset Management Inc.
Fund ManagerNot Disclosed
Manager Start Date06/04/2016
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*3.00%
Annual Charges
Max Annual Management Charge1.80%
Ongoing Charge2.45%
Purchase Details
Minimum Investments
Initial5000  USD
Additional5000  USD
Savings-
Tax Free Savings Schemes
ISAsYes