Morningstar Fund Report  | 05/04/2025Print

Sarasin Endowment Fund A Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Sarasin Endowment Fund A Accumulation GBP
Fund10.4-9.88.611.8-2.7
+/-Cat-0.80.30.22.8-1.5
+/-B’mrk-1.9-2.6-2.10.6-2.2
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
04/04/2025		 GBX 353.10
Day Change -1.86%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector -
ISIN GB00BYZJN999
Fund Size (Mil)
28/02/2025		 GBP 2315.55
Share Class Size (Mil)
03/04/2025		 GBP 254.99
Max Initial Charge -
Ongoing Charge
18/02/2022		  0.93%
Investment Objective: Sarasin Endowment Fund A Accumulation GBP
We seek to grow the Sub-fund (through increases in investment value and income) by 4.0% per year more than the Consumer Prices Index (CPI) over a rolling 5-year period after deducting fees and costs. The manager invests the Sub-fund approximately as follows:  Shares: 70% in 60-100 companies listed on major stock exchanges around the world.  Bonds: 15%. Up to 20% of the bonds the manager invests in can be rated higher risk by external ratings agencies but the majority are rated as ‘investment grade’. Real estate investments: 5%  Cash or Alternatives: 10% Exposure to any of the above asset classes may be obtained through investment in funds (including funds managed by Sarasin).
Returns
Trailing Returns (GBP)04/04/2025
YTD-6.61
3 Years Annualised2.04
5 Years Annualised7.38
10 Years Annualised*5.35
12 Month Yield 2.67
Management
Manager Name
Start Date
Phil Collins
23/02/2018
Alastair Baker
01/06/2024
Click here to see others
Inception Date
23/02/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
UK CPIMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  Sarasin Endowment Fund A Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock71.420.0471.38
Bond14.592.4712.12
Property0.000.000.00
Cash40.6735.694.98
Other11.530.0011.53
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States68.99
Eurozone11.53
United Kingdom6.15
Europe - ex Euro4.40
Japan3.07
Top 5 Sectors%
Technology25.59
Financial Services16.70
Healthcare14.47
Consumer Cyclical14.37
Industrials8.67
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology4.40
Invesco Physical Gold ETC3.53
Apple IncTechnologyTechnology3.29
Amazon.com IncConsumer CyclicalConsumer Cyclical3.08
NVIDIA CorpTechnologyTechnology2.56
Increase Decrease New since last portfolio
Sarasin Endowment Fund A Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Sarasin Endowment Fund A Accumulation GBP
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2018*20192020202120222023202431/03
Price Return-4.4219.879.6010.39-9.828.6111.83-2.72
+/- Category1.954.204.36-0.750.260.242.83-1.46
+/- Category Index--5.08-1.87-2.55-2.060.60-2.20
% Rank in Category219196354461578
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.86   -0.710.69
1 Week-5.21   -2.97-2.29
1 Month-7.78   -3.39-2.83
3 Months-7.05   -4.37-3.60
6 Months-4.72   -3.18-3.73
YTD-6.61   -4.37-4.00
1 Year-0.17   -2.63-3.78
3 Years Annualised2.04   -0.61-2.34
5 Years Annualised7.38   -0.53-1.76
10 Years Annualised*5.35   0.55-0.74
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.72---
20245.212.920.792.47
20232.220.94-1.066.39
2022-3.59-6.40-3.503.56
20210.933.680.285.21
2020-11.2912.293.526.29
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAverage4 star
5-YearAbove AverageBelow Average4 star
10-Year*Above AverageBelow Average4 star
Overall*Above AverageBelow Average4 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.16 %
3-Yr Mean Return3.72 %
 
3-Yr Sharpe Ratio-0.04
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta0.840.78
3-Yr Alpha-1.59-2.35
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 205380-
Market Capitalisation% of Equity
Giant52.38
Large41.61
Medium5.04
Small0.96
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings24.241.39
Price/Book4.761.79
Price/Sales3.882.06
Price/Cash Flow17.061.48
Dividend-Yield Factor1.790.80
 
Long-Term Projected Earnings Growth10.221.03
Historical Earnings Growth12.381.65
Sales Growth9.641.78
Cash-Flow Growth9.091.43
Book-Value Growth9.221.52
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 2320
Maturity Distribution %
1 to 37.92
3 to 515.60
5 to 76.11
7 to 1017.80
10 to 154.99
15 to 2018.48
20 to 309.18
Over 3015.82
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 60-80% Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock71.420.0471.38
Bond14.592.4712.12
Property0.000.000.00
Cash40.6735.694.98
Other11.530.0011.53
World Regions28/02/2025
 % of EquityRelative to Category
United States68.991.33
Canada0.000.00
Latin America1.993.59
United Kingdom6.150.32
Eurozone11.531.25
Europe - ex Euro4.401.06
Europe - Emerging0.040.23
Africa0.060.38
Middle East0.130.40
Japan3.070.50
Australasia0.651.06
Asia - Developed2.120.64
Asia - Emerging0.860.27
 
Category: GBP Allocation 60-80% Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.691.46
Consumer CyclicalConsumer Cyclical14.371.34
Financial ServicesFinancial Services16.700.97
Real EstateReal Estate3.001.19
Consumer DefensiveConsumer Defensive4.620.71
HealthcareHealthcare14.471.23
UtilitiesUtilities1.150.45
Communication ServicesCommunication Services5.670.76
EnergyEnergy0.060.02
IndustrialsIndustrials8.670.68
TechnologyTechnology25.591.23
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings50
Total Number of Bond Holdings80
Assets in Top 10 Holdings28.32
NameSectorCountry% of Assets
Microsoft Corp311United States4.40
Invesco Physical Gold ETCIreland3.53
Apple Inc311United States3.29
Amazon.com Inc102United States3.08
NVIDIA Corp311United States2.56
BlackRock ICS Sterling Liq Premier IncIreland2.55
Meta Platforms Inc Class A308United States2.46
Compass Group PLC102United Kingdom2.23
Mastercard Inc Class A103United States2.16
United Kingdom of Great Britain and N... United Kingdom2.06
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% Equity
 
Management
Name of CompanySarasin Investment Funds Ltd
Phone+44 20 72363366
Websitewww.sarasin.co.uk
AddressJuxon House
 London   EC4M 8BU
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSNo
Inception Date23/02/2018
Fund Advisor(s)
Sarasin & Partners LLP
Fund ManagerPhil Collins
Manager Start Date23/02/2018
Career Start Year1985
 
Biography
Phil oversees the multi-asset franchise. Phil has more than 35 years’ investment experience. Recently appointed to CIO, Multi Asset to oversee the Multi-Asset franchise and develop Sarasin & Partners’ expanding investment team. Prior to joining Sarasin & Partners in 2013, he worked at Newton Investment Management where he was Chief Investment Officer of the private clients and charities division. He also established and managed the Newton Phoenix range of funds which enjoyed strong performance and won a number of awards. Before joining Newton, Phil held investment management roles at Capital House & Leopold Joseph. Fellow of the Chartered Institute for Securities & Investment.
Fund ManagerAlastair Baker
Manager Start Date01/06/2024
Career Start Year2007
Education
University of Bristol, B.S.
 
Biography
Alastair is responsible for managing the Target Return Mandate with Guy Monson, Chief Market Strategist, and Senior Partner. Prior to joining Sarasin, Alastair worked at abrdn where he lead a strategic review of their Multi Asset and ESG investment capabilities working closely with the executive leadership. He has also worked at Schroders where he was responsible for Diversified Growth Mandates which sought to deliver clients inflation plus returns over a market cycle and Total Return Mandates which sought to deliver cash plus returns over 3 years. Alastair is a graduate of Bristol University where he holds a First in Economics and Econometrics.
Fund ManagerMichael Jervis
Manager Start Date01/06/2024
Career Start Year2008
Education
University of Bath, B.A./B.S.
 
Biography
Michael is a fund manager on the multi asset desk. Michael joined Sarasin and Partners in December 2023 having previously spent 9 years at Barings, most recently as a managing director and multi asset portfolio manager. During which time he managed a wide range of multi asset portfolios across client types, risk profiles and base currencies. At Barings, Michael also chaired the firm’s asset allocation committee which drove multi asset portfolio allocation across the firm. Prior to working at Barings Michael held an investment role at LCP and a research role at the Bank of England. First class honours degree in economics from the University of Bath. CFA® charter holder.
Fund ManagerTom Kynge
Manager Start Date01/06/2024
Career Start Year2015
Education
University of Bath, B.Sc
 
Biography
Assisting with a variety of projects within Multi-Asset Funds and Third Party Funds. Responsible for monthly data reporting. Tom has 4 years of investment experience. Prior to joining Sarasin & Partners Tom worked at Vanguard Asset Management in the Investment Strategy Group for 1 year as part of his degree course. Following graduation, he has worked for Engelhart Commodity Trading Partners as a risk analyst and at Oxford University Press as a commercial finance analyst. Graduated from University of Bath with a BSc in Economics. Investment Management Certificate (IMC). CFA® level 1 & CFA® level 2.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.93%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes