Morningstar Fund Report  | 02/04/2025Print

WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation
Fund26.3-7.212.52.1-3.5
+/-Cat8.5-3.85.7-6.0-6.9
+/-B’mrk--4.8-7.7-10.9
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
01/04/2025		 GBX 166.46
Day Change 0.37%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00BYXVGS75
Fund Size (Mil)
28/02/2025		 GBP 746.40
Share Class Size (Mil)
01/04/2025		 GBP 142.53
Max Initial Charge 2.50%
Ongoing Charge
24/10/2024		  0.80%
Investment Objective: WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation
To achieve income with the potential for capital growth, over any five year period, after all costs and charges have been taken. To invest directly at least 60% of the scheme property by value in the shares of small and medium sized companies that: i) are incorporated, or domiciled in the UK; and ii) are listed or traded in the UK; and iii) have a market capitalisation no greater than the smallest market constituent of the FTSE 100 Index.
Returns
Trailing Returns (GBP)01/04/2025
YTD-5.56
3 Years Annualised1.47
5 Years Annualised9.50
10 Years Annualised-
12 Month Yield 4.12
Management
Manager Name
Start Date
Ken Wotton
30/06/2017
Brendan Gulston
30/06/2017
Inception Date
30/06/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Equity Income SectorMorningstar UK All Cap TME NR GBP
Portfolio Profile for  WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.550.0098.55
Bond0.000.000.00
Property0.000.000.00
Cash0.000.000.00
Other1.450.001.45
Top 5 Regions%
United Kingdom100.00
United States0.00
Canada0.00
Latin America0.00
Eurozone0.00
Top 5 Sectors%
Financial Services34.44
Consumer Cyclical22.02
Industrials12.09
Consumer Defensive11.64
Healthcare6.98
Top 5 HoldingsSector%
Intermediate Capital Group PLCFinancial ServicesFinancial Services4.45
XPS Pensions Group PLCConsumer CyclicalConsumer Cyclical4.27
TP ICAP GROUP PLCFinancial ServicesFinancial Services4.13
Domino's Pizza Group PLCConsumer CyclicalConsumer Cyclical3.98
GSK PLCHealthcareHealthcare3.80
Increase Decrease New since last portfolio
WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation
Growth Of 1000 (GBP) 28/02/2025
Fund:  WS Gresham House UK Multi Cap Income Fund C Sterling Accumulation
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-2.3730.61-5.5626.28-7.2212.472.10-3.46
+/- Category8.1911.666.998.47-3.785.71-5.98-6.89
+/- Category Index-----4.85-7.72-10.86
% Rank in Category631067659593
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.37   2.071.36
1 Week-1.85   -0.71-1.26
1 Month-2.18   0.38-0.08
3 Months-5.56   -6.33-10.72
6 Months-8.81   -7.93-13.86
YTD-5.56   -6.33-10.72
1 Year-2.20   -8.32-13.86
3 Years Annualised1.47   -2.64-6.08
5 Years Annualised9.50   -0.54-2.45
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
2024-1.416.391.15-3.77
20230.842.100.368.85
2022-4.01-4.41-6.077.64
20217.3610.533.512.81
2020-22.9711.472.806.99
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearBelow AverageBelow Average2 star
10-Year--Not Rated
OverallBelow AverageBelow Average2 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev10.89 %
3-Yr Mean Return4.34 %
 
3-Yr Sharpe Ratio0.04
 
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 Beta0.710.53
3-Yr Alpha-3.301.95
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 997-
Market Capitalisation% of Equity
Giant3.86
Large0.00
Medium29.47
Small33.20
Micro33.47
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.771.01
Price/Book1.631.01
Price/Sales0.710.92
Price/Cash Flow6.630.90
Dividend-Yield Factor4.851.10
 
Long-Term Projected Earnings Growth6.610.73
Historical Earnings Growth1.30-0.27
Sales Growth8.651.70
Cash-Flow Growth10.6113.23
Book-Value Growth1.971.05
 
Category: UK Equity Income
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.550.0098.55
Bond0.000.000.00
Property0.000.000.00
Cash0.000.000.00
Other1.450.001.45
World Regions31/01/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom100.001.09
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 - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings31/01/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical22.022.24
Financial ServicesFinancial Services34.441.37
Real EstateReal Estate3.390.97
Consumer DefensiveConsumer Defensive11.640.88
HealthcareHealthcare6.980.82
UtilitiesUtilities3.700.79
Communication ServicesCommunication Services5.740.94
IndustrialsIndustrials12.090.90
 
Category: UK Equity Income
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings38
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.78
NameSectorCountry% of Assets
Intermediate Capital Group PLC103United Kingdom4.45
XPS Pensions Group PLC102United Kingdom4.27
TP ICAP GROUP PLC103United Kingdom4.13
Domino's Pizza Group PLC102United Kingdom3.98
GSK PLC206United Kingdom3.80
Quilter PLC Ordinary Shares103United Kingdom3.72
Telecom Plus PLC207United Kingdom3.65
Schroders PLC103United Kingdom3.63
B&M European Value Retail SA205United Kingdom3.60
Balfour Beatty PLC310United Kingdom3.56
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyGresham House Asset Management Ltd
Phone020 3837 6270
Websitewww.greshamhouse.com
Address5 New Street Square
 London   EC4A 3TW
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date30/06/2017
Fund Advisor(s)
Gresham House Asset Management Ltd
Fund ManagerKen Wotton
Manager Start Date30/06/2017
 
Biography
Ken joined Gresham House in November 2018, with its acquisition of Livingbridge Equity funds. He spent 11 years previously with Livingbridge and continues to lead the Equity Funds investment team managing all AIM and other listed investments, including the Baronsmead VCTs, LF Gresham House UK Micro Cap fund and LF Gresham House UK Multi Cap Income fund. He graduated from Oxford University before qualifying as a Chartered Accountant with KPMG and following he moved into equity research with Commerzbank then Evolution Securities. Whilst there he built sector expertise in tech & telcos, along with a strong knowledge of large / small listed companies and their associated corporate transactions.
Fund ManagerBrendan Gulston
Manager Start Date30/06/2017
Education
University of Melbourne, B.C.
 
Biography
Brendan joined Gresham House in November 2018, along with its acquisition of Livingbridge Equity funds. He spent three and a half years with Livingbridge where he co-managed the Equity Funds portfolios as well as making investments in the Baronsmead VCTs. Prior to that Brendan spent five years doing TMT investment banking at Canaccord Genuity where he provided private and public companies with advice on IPOs, equity placings, M&A and corporate broking.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge2.50%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.80%
Purchase Details
Minimum Investments
Initial10000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes