Morningstar Fund Report  | 03/04/2025Print

Nutshell Growth Fund GBP Institutional Founder Class Shares

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Nutshell Growth Fund GBP Institutional Founder Class Shares
Fund25.4-19.226.526.7-3.5
+/-Cat10.8-1.110.411.53.0
+/-B’mrk7.3-0.24.22.85.1
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
01/04/2025		 GBP 155.56
Day Change 0.86%
Morningstar Category™ Global Large-Cap Growth Equity
IA (formerly IMA) Sector Global
ISIN IE00BLP46L65
Fund Size (Mil)
01/04/2025		 GBP 93.92
Share Class Size (Mil)
01/04/2025		 GBP 32.73
Max Initial Charge -
Ongoing Charge
12/02/2025		  0.85%
Investment Objective: Nutshell Growth Fund GBP Institutional Founder Class Shares
The Sub-Fund’s investment objective is to achieve capital appreciation. The Sub-Fund seeks to achieve the investment objective primarily by gaining direct or indirect exposure (primarily on a long only basis but sometimes synthetically on a short basis) to equity and equity-related securities which are listed or traded on a Recognised Market in developed markets worldwide.
Returns
Trailing Returns (GBP)01/04/2025
YTD-2.64
3 Years Annualised12.05
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
-
-
Inception Date
18/05/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Nutshell Growth Fund GBP Institutional Founder Class Shares31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.860.0098.86
Bond0.000.000.00
Property0.000.000.00
Cash1.140.001.14
Other0.000.000.00
Top 5 Regions%
United States58.23
Europe - ex Euro17.75
Eurozone10.79
United Kingdom6.19
Asia - Developed3.39
Top 5 Sectors%
Technology50.58
Financial Services19.72
Healthcare15.28
Communication Services8.34
Consumer Cyclical6.08
Top 5 HoldingsSector%
Fortnox ABTechnologyTechnology8.36
Novo Nordisk AS Class BHealthcareHealthcare7.77
Microsoft CorpTechnologyTechnology7.46
Fortinet IncTechnologyTechnology5.36
Mastercard Inc Class AFinancial ServicesFinancial Services4.93
Increase Decrease New since last portfolio
Nutshell Growth Fund GBP Institutional Founder Class Shares
Growth Of 1000 (GBP) 31/03/2025
Fund:  Nutshell Growth Fund GBP Institutional Founder Class Shares
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return25.40-19.1626.4726.73-3.47
+/- Category10.83-1.0810.4511.543.01
+/- Category Index7.33-0.194.162.785.14
% Rank in Category86410918
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.86   0.390.59
1 Week-1.51   1.790.68
1 Month-5.87   0.981.49
3 Months-2.64   3.586.05
6 Months6.35   8.036.39
YTD-2.64   3.584.95
1 Year12.33   13.697.82
3 Years Annualised12.05   8.185.20
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.47---
20249.843.232.718.81
202313.013.112.096.31
2022-10.81-10.81-2.644.39
20212.9912.71-0.648.73
2020---3.530.60
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighHigh5 star
5-Year--Not Rated
10-Year--Not Rated
OverallHighHigh5 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.75 %
3-Yr Mean Return13.29 %
 
3-Yr Sharpe Ratio0.55
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  DJ Islamic World TR USD
3-Yr Beta1.081.16
3-Yr Alpha5.094.10
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 77334-
Market Capitalisation% of Equity
Giant45.22
Large22.80
Medium21.07
Small8.98
Micro1.93
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.310.97
Price/Book8.101.63
Price/Sales6.691.79
Price/Cash Flow18.351.11
Dividend-Yield Factor0.790.70
 
Long-Term Projected Earnings Growth12.611.12
Historical Earnings Growth25.511.91
Sales Growth15.551.72
Cash-Flow Growth17.071.41
Book-Value Growth18.401.64
 
Category: Global Large-Cap Growth Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.860.0098.86
Bond0.000.000.00
Property0.000.000.00
Cash1.140.001.14
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States58.230.88
Canada2.541.31
Latin America1.121.01
United Kingdom6.191.21
Eurozone10.791.01
Europe - ex Euro17.753.33
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed3.390.92
Asia - Emerging0.000.00
 
Category: Global Large-Cap Growth Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical6.080.49
Financial ServicesFinancial Services19.721.33
HealthcareHealthcare15.281.10
Communication ServicesCommunication Services8.341.01
TechnologyTechnology50.581.70
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings29
Total Number of Bond Holdings0
Assets in Top 10 Holdings56.05
NameSectorCountry% of Assets
Fortnox AB311Sweden8.36
Novo Nordisk AS Class B206Denmark7.77
Microsoft Corp311United States7.46
Fortinet Inc311United States5.36
Mastercard Inc Class A103United States4.93
Alpha Group International PLC103United Kingdom4.56
Arista Networks Inc311United States4.54
NVIDIA Corp311United States4.42
ASML Holding NV311Netherlands4.36
Adobe Inc311United States4.30
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyWaystone Fund Management (IE) Limited
Phone+353 1 619 2300
Websitewww.waystone.com
Address3rd Floor, 76 Lower Baggot Street Dublin 2, Ireland
 Dublin   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date18/05/2020
Fund Advisor(s)
Nutshell Asset Management Limited
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.85%
Ongoing Charge0.85%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo