Morningstar Fund Report  | 07/04/2025Print

TM Redwheel Global Equity Income Fund Class L Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
TM Redwheel Global Equity Income Fund Class L Accumulation
Fund17.73.64.73.24.3
+/-Cat-0.54.3-2.6-7.23.5
+/-B’mrk-2.6-3.2-0.1-10.23.6
 
Category: Global Equity Income
Category Benchmark: Morningstar Gbl High Div Yl...
Key Stats
NAV
07/04/2025		 GBP 1.30
Day Change -3.72%
Morningstar Category™ Global Equity Income
IA (formerly IMA) Sector Global Equity Income
ISIN GB00BMBQN909
Fund Size (Mil)
21/04/2022		 GBP 89.14
Share Class Size (Mil)
04/04/2025		 GBP 196.91
Max Initial Charge -
Ongoing Charge
19/02/2025		  0.68%
Investment Objective: TM Redwheel Global Equity Income Fund Class L Accumulation
The objective of the Fund is to provide a combination of income and capital growth, net of fees, over five year rolling periods by investing in a concentrated portfolio of global companies. The Fund will primarily (over 70%) invest its assets (excluding cash and cash equivalents) in equity and equity linked securities of companies that are listed on a global stock market. Equity and equity-linked securities include shares, depository receipts, warrants and other participation rights, convertible securities, index and participation notes and equity linked notes.
Returns
Trailing Returns (GBP)07/04/2025
YTD-1.60
3 Years Annualised3.18
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.03
Management
Manager Name
Start Date
-
-
Inception Date
24/11/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI World NR USDMorningstar Gbl High Div Yld NR USD
Portfolio Profile for  TM Redwheel Global Equity Income Fund Class L Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.810.0095.81
Bond0.000.000.00
Property0.000.000.00
Cash4.280.084.19
Other0.000.000.00
Top 5 Regions%
United States35.54
Eurozone20.61
United Kingdom20.31
Europe - ex Euro15.39
Asia - Developed2.27
Top 5 Sectors%
Consumer Defensive19.20
Consumer Cyclical14.80
Financial Services13.67
Healthcare13.67
Industrials9.68
Top 5 HoldingsSector%
Industria De Diseno Textil SA Sh... Consumer CyclicalConsumer Cyclical3.62
Zurich Insurance Group AGFinancial ServicesFinancial Services3.54
Diageo PLCConsumer DefensiveConsumer Defensive3.41
Cisco Systems IncTechnologyTechnology3.34
Moncler SpAConsumer CyclicalConsumer Cyclical3.21
Increase Decrease New since last portfolio
TM Redwheel Global Equity Income Fund Class L Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  TM Redwheel Global Equity Income Fund Class L Accumulation
Category:  Global Equity Income
Category Index:  Morningstar Gbl High Div Yld NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return17.713.574.683.224.33
+/- Category-0.554.34-2.60-7.183.54
+/- Category Index-2.65-3.24-0.08-10.153.60
% Rank in Category5826719218
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.72   -1.14-0.13
1 Week-5.68   -0.891.46
1 Month-7.76   -1.230.45
3 Months-1.97   1.715.75
6 Months-5.75   -3.64-0.53
YTD-1.60   1.315.03
1 Year-1.67   -3.68-1.53
3 Years Annualised3.18   -1.74-1.31
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Equity Income
Category Index: Morningstar Gbl High Div Yld NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.33---
20244.94-0.452.55-3.66
20232.55-0.72-2.024.94
20221.02-4.711.156.38
20213.895.010.837.01
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-Year--Not Rated
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  Global Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.28 %
3-Yr Mean Return5.28 %
 
3-Yr Sharpe Ratio0.14
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl High Div Yld NR USD  Morningstar EU Agg Tgt Alloc NR EUR
3-Yr Beta0.890.85
3-Yr Alpha-2.08-1.44
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 46062-
Market Capitalisation% of Equity
Giant37.77
Large31.23
Medium25.71
Small5.30
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.000.95
Price/Book2.671.04
Price/Sales1.851.00
Price/Cash Flow10.900.98
Dividend-Yield Factor3.421.03
 
Long-Term Projected Earnings Growth8.280.92
Historical Earnings Growth4.021.02
Sales Growth4.061.27
Cash-Flow Growth6.716.19
Book-Value Growth3.950.88
 
Category: Global Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.810.0095.81
Bond0.000.000.00
Property0.000.000.00
Cash4.280.084.19
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States35.540.72
Canada0.000.00
Latin America2.154.33
United Kingdom20.312.20
Eurozone20.611.15
Europe - ex Euro15.392.03
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan1.940.46
Australasia0.000.00
Asia - Developed2.270.44
Asia - Emerging1.791.19
 
Category: Global Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical14.801.88
Financial ServicesFinancial Services13.670.67
Real EstateReal Estate6.154.32
Consumer DefensiveConsumer Defensive19.201.70
HealthcareHealthcare13.671.08
UtilitiesUtilities5.311.34
Communication ServicesCommunication Services4.190.73
EnergyEnergy3.860.95
IndustrialsIndustrials9.680.77
TechnologyTechnology9.470.58
 
Category: Global Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings44
Total Number of Bond Holdings0
Assets in Top 10 Holdings32.10
NameSectorCountry% of Assets
Industria De Diseno Textil SA Share F... 102Spain3.62
Zurich Insurance Group AG103Switzerland3.54
Diageo PLC205United Kingdom3.41
Cisco Systems Inc311United States3.34
Moncler SpA102Italy3.21
Johnson & Johnson206United States3.14
Keurig Dr Pepper Inc205United States3.06
Admiral Group PLC103United Kingdom3.00
American Tower Corp104United States2.93
Sysco Corp205United States2.86
 
Increase Decrease New since last portfolio
Category: Global Equity Income
 
Management
Name of CompanyRedwheel Asset Management LLP
Phone+44 (0) 207 227 6000
Website -
AddressVerde, 10 Bressenden Place
 London   SW1E 5DH
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date24/11/2020
Fund Advisor(s)
Redwheel Asset Management LLP
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.68%
Purchase Details
Minimum Investments
Initial250000000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo