Morningstar Fund Report  | 17/04/2025Print

Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)
Fund6.40.79.213.6-1.3
+/-Cat-----
+/-B’mrk-11.90.41.34.1-5.8
 
Category: Long/Short Equity - UK
Category Benchmark: FTSE AllSh TR GBP
Key Stats
NAV
16/04/2025		 GBX 168.40
Day Change 0.30%
Morningstar Category™ Long/Short Equity - UK
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00BF1X8084
Fund Size (Mil)
15/04/2025		 GBP 459.13
Share Class Size (Mil)
15/04/2025		 GBP 459.13
Max Initial Charge 5.00%
Ongoing Charge
14/02/2025		  0.90%
Investment Objective: Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)
The objective of the Fund is to provide an absolute return from an actively managed portfolio in all market conditions (net of fees) in excess of the term adjusted (3 month) SONIA plus 0.1193% (over one year calendar periods). The Fund will seek to achieve its objective by investing at least 80% of its assets, on a long and synthetically short basis, in equities or derivative instruments relating to equities of companies with market capitalisations of between £100 million and £10 billion and which are equities of: (i) companies that have their registered office in the UK; (ii) companies that do not have their registered office in the UK but carry out a predominant proportion of their business activity in the UK market; and/or (iii) companies whose equities are listed on a UK stock exchange.
Returns
Trailing Returns (GBP)16/04/2025
YTD-2.09
3 Years Annualised8.40
5 Years Annualised6.47
10 Years Annualised-
12 Month Yield 2.73
Management
Manager Name
Start Date
Jack Barrat
29/06/2017
Inception Date
29/06/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
3 Months SONIA + 0.1193%FTSE AllSh TR GBP
Portfolio Profile for  Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)31/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock73.3668.524.85
Bond42.470.0042.47
Property0.000.000.00
Cash52.790.1052.68
Other0.000.000.00
Top 5 Regions%
United Kingdom84.58
Eurozone11.53
Middle East1.72
Europe - ex Euro1.40
Asia - Emerging0.77
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
United Kingdom of Great Britain ... 5.97
United Kingdom of Great Britain ... 5.65
United Kingdom of Great Britain ... 5.40
United Kingdom of Great Britain ... 5.40
United Kingdom of Great Britain ... 5.33
Increase Decrease New since last portfolio
Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Man UK ICVC - Man Absolute Value Fund Professional Accumulation Shares (Class CX)
Category:  Long/Short Equity - UK
Category Index:  FTSE AllSh TR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return5.708.094.116.420.739.2413.61-1.34
+/- Category--------
+/- Category Index15.18-11.0713.92-11.910.391.324.14-5.84
% Rank in Category-
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.30   -0.02
1 Week0.54   --7.38
1 Month-1.86   -1.84
3 Months-0.65   -0.30
6 Months-1.00   --0.98
YTD-2.09   --3.40
1 Year6.05   --2.76
3 Years Annualised8.40   -2.71
5 Years Annualised6.47   --4.96
10 Years Annualised-   --
 
Category: Long/Short Equity - UK
Category Index: FTSE AllSh TR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.34---
20243.834.013.002.14
2023-0.512.392.974.13
2022-4.00-0.981.304.60
20210.544.310.441.03
2020-2.173.13-5.919.67
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Long/Short Equity - UKClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.06 %
3-Yr Mean Return8.83 %
 
3-Yr Sharpe Ratio0.90
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 FTSE AllSh TR GBP  Morningstar UK HY Bd GR GBP
3-Yr Beta0.050.26
3-Yr Alpha4.323.80
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP --
Market Capitalisation% of Equity
Giant-
Large-
Medium-
Small-
Micro-
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings--
Price/Book--
Price/Sales--
Price/Cash Flow--
Dividend-Yield Factor--
 
Long-Term Projected Earnings Growth--
Historical Earnings Growth--
Sales Growth--
Cash-Flow Growth--
Book-Value Growth--
 
Category: Long/Short Equity - UK
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock73.3668.524.85
Bond42.470.0042.47
Property0.000.000.00
Cash52.790.1052.68
Other0.000.000.00
World Regions31/12/2024
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.00-
United Kingdom84.581.09
Eurozone11.531.96
Europe - ex Euro1.400.42
Europe - Emerging0.000.00
Africa0.000.00
Middle East1.724.81
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.77158.48
 
Category: Long/Short Equity - UK
Sector Weightings31/12/2024
 % of EquityRelative to Category
 
Category: Long/Short Equity - UK
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings120
Total Number of Bond Holdings9
Assets in Top 10 Holdings51.21
NameSectorCountry% of Assets
United Kingdom of Great Britain and N... United Kingdom5.97
United Kingdom of Great Britain and N... United Kingdom5.65
United Kingdom of Great Britain and N... United Kingdom5.40
United Kingdom of Great Britain and N... United Kingdom5.40
United Kingdom of Great Britain and N... United Kingdom5.33
United Kingdom of Great Britain and N... United Kingdom5.33
United Kingdom of Great Britain and N... United Kingdom4.96
United Kingdom of Great Britain and N... United Kingdom4.50
United Kingdom of Great Britain and N... United Kingdom4.34
United Kingdom of Great Britain and N... United Kingdom4.34
 
Increase Decrease New since last portfolio
Category: Long/Short Equity - UK
 
Management
Name of CompanyMan Fund Management UK Limited
Phone-
Websitewww.man.com
AddressRiverbank House, 2 Swan Lane, London EC4R 3AD
 London   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date29/06/2017
Fund Advisor(s)
GLG Partners LP
Fund ManagerJack Barrat
Manager Start Date29/06/2017
 
Biography
Jack Barrat is a portfolio manager at Man Group, focusing on UK equities.He joined Man GLG in October 2013 from Matterley. Before that, he worked at UBS for four years.Jack holds a First Class degree in Politics and History from Cambridge University. He is also a CFA charterholder.Source and Copyright: Citywire. Jack Barrat is A rated by Citywire for his rolling 3 year risk-adjusted performance, for the period 01 February 2022 to 31 January 2025.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.90%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes