Morningstar Fund Report  | 05/01/2025Print

Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation

Performance History31/01/2023
Growth of 1,000 (GBP) Advanced Graph
Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation
Fund--23.19.027.2-3.6
+/-Cat--20.62.913.6-
+/-B’mrk--29.04.429.3-
 
Key Stats
NAV
31/01/2023
 USD 97.05
Day Change 0.57%
Morningstar Category™ Multistrategy USD
ISIN IE00BKDV6D47
Fund Size (Mil)
02/01/2025
 USD 103.91
Share Class Size (Mil)
-
 -
Max Initial Charge -
Ongoing Charge
31/01/2024
  1.49%
Morningstar Research
Analyst Report16/02/2024
Simon Scott, Director
Morningstar, Inc

Winton Diversified UCITS has many distinctive elements, but it is still a work in progress. The fund's Morningstar Analyst Ratings remain Neutral across all share classes. The year 2020 was a watershed moment for Winton, but the firm is now in a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process23
Performance
Price
Investment Objective: Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation
The investment objective of the Fund is to achieve long-term capital appreciation through compound growth. There can be no assurance that the Fund will achieve its investment objective over any time period and a capital loss may occur.
Returns
Trailing Returns (GBP)31/01/2023
YTD-3.59
3 Years Annualised0.70
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
David Harding
03/07/2017
Carsten Schmitz
03/07/2017
Click here to see others
Inception Date
04/12/2019

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar US Con Tgt Alloc NR USD
Portfolio Profile for  Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation30/09/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock11.784.007.78
Bond75.060.3474.72
Property0.000.000.00
Cash18.420.8017.62
Other0.670.79-0.11
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States89.62
Eurozone3.19
Japan1.74
Asia - Emerging1.43
Europe - ex Euro1.21
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
United States Treasury Notes 2.75%10.99
Sfi - Ms Trading Portfolio 1 Sp ... 10.09
United States Treasury Notes 2.625%9.83
United States Treasury Notes 0.375%8.69
United States Treasury Notes 2.125%7.98
Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation
Growth Of 1000 (GBP) 31/01/2023
Fund:  Winton UCITS Funds ICAV -Winton Diversified Fund (UCITS) I-P USD Accumulation
Category:  Multistrategy USD
Category Index:  Morningstar US Con Tgt Alloc NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/01/2023
 20202021202231/01
Price Return-23.148.9727.22-3.59
+/- Category-20.612.9113.58-
+/- Category Index-29.034.4129.29-
% Rank in Category9927991
Trailing Returns (GBP)31/01/2023
   Total Returns   +/- Category   +/- Category Index
1 Day0.57   0.740.65
1 Week0.16   -1.45-1.31
1 Month-3.59   -5.23-4.27
3 Months-8.88   -15.35-13.81
6 Months-1.07   -6.60-7.42
YTD-3.59   -4.74-4.72
1 Year18.48   8.059.11
3 Years Annualised0.70   -7.84-2.88
5 Years Annualised-   --
10 Years Annualised-   --
 
Quarterly Returns (GBP)31/01/2023
 Quarter 1Quarter 2Quarter 3Quarter 4
202212.2412.549.76-8.25
20212.752.385.16-1.49
2020-5.82-4.93-7.67-7.02
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Click here to see our Methodology
Volatility Measurements31/01/2023
 
3-Yr Std Dev12.51 %
3-Yr Mean Return1.46 %
 
3-Yr Sharpe Ratio0.07
 
Modern Portfolio Statistics31/01/202331/01/2023
 Standard IndexBest Fit Index
 Morningstar US Con Tgt Alloc NR USD  Morningstar US 1-3 Yr Govt Bd TR USD
3-Yr Beta-0.27-3.24
3-Yr Alpha-2.25-6.42
 
Investment Style Details30/09/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD --
Market Capitalisation% of Equity
Giant-
Large-
Medium-
Small-
Micro-
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.020.52
Price/Book1.220.45
Price/Sales0.650.37
Price/Cash Flow2.010.17
Dividend-Yield Factor2.051.03
 
Long-Term Projected Earnings Growth11.081.14
Historical Earnings Growth10.141.90
Sales Growth4.380.68
Cash-Flow Growth-0.49-0.06
Book-Value Growth-1.93-0.40
 
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 82
Maturity Distribution %
1 to 312.79
3 to 50.00
5 to 70.97
7 to 100.03
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Asset Allocation30/09/2024
Asset Allocation
 % Long% Short% Net Assets
Stock11.784.007.78
Bond75.060.3474.72
Property0.000.000.00
Cash18.420.8017.62
Other0.670.79-0.11
World Regions30/09/2024
 % of EquityRelative to Category
United States89.620.99
Canada0.286.05
Latin America0.130.86
United Kingdom0.781.02
Eurozone3.190.76
Europe - ex Euro1.210.34
Europe - Emerging0.000.00
Africa0.20341.10
Middle East0.000.00
Japan1.746.20
Australasia0.7222.29
Asia - Developed0.6914.51
Asia - Emerging1.4332.70
 
Sector Weightings30/09/2024
 % of EquityRelative to Category
 
Top 10 Holdings30/09/2024
 Portfolio NEW
Total Number of Equity Holdings4332
Total Number of Bond Holdings92
Assets in Top 10 Holdings79.99
NameSectorCountry% of Assets
United States Treasury Notes 2.75%United States10.99
Sfi - Ms Trading Portfolio 1 Sp (Xs22... United States10.09
United States Treasury Notes 2.625%United States9.83
United States Treasury Notes 0.375%United States8.69
United States Treasury Notes 2.125%United States7.98
Stt Strt USD Lqudty LVNAV Dis Stbl NAVIreland7.65
United States Treasury Notes 2.75%United States6.67
United States Treasury Notes 2.25%United States6.12
United States Treasury Notes 0.5%United States6.01
United States Treasury Notes 0.25%United States5.97
 
 
Management
Name of CompanyWinton Fund Management Ireland DAC
Phone-
Website -
AddressWinton Fund Management Ireland DAC
 Dublin 2   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date04/12/2019
Fund Advisor(s)
Winton Capital Management Ltd.
Fund ManagerDavid Harding
Manager Start Date03/07/2017
Education
1982, University of Cambridge
 
Biography
David Harding, the founder and president of Winton Capital Management, is a successful global investment manager, an entrepreneur and an advocate for science education and physics research. Mr Harding is Chairman of Winton’s Executive Committee. Since graduating from Cambridge University with a First Class Honours degree in Natural Sciences specialising in Theoretical Physics in 1982, Mr Harding has started two of the world’s leading alternative investment companies. Winton, which he founded in 1997, is a global leader in financial mathematics and scientific research into financial markets and one of the UK’s most successful private companies, currently managing assets in excess of $25 billion. In 1987 Mr Harding co-founded Adam Harding and Lueck (AHL), one of the first systematic trend following CTAs in Europe, which was subsequently bought by the Man Group and remains one of the cornerstones of the FTSE listed company. Mr Harding is deeply committed to furthering science, risk literacy and education in Europe. In November 2010 he pledged £20 million to Cambridge University’s Cavendish Laboratory to fund the Winton Programme for the Physics of Sustainability. He has also made substantial donations to the Max Planck Institute for Human Development in Berlin, the Royal Society, and the Centre for Science and Public Policy at Cambridge University.Winton has endowed a Chair in the Public Understanding of Risk at Cambridge University and sponsored the Institute for the Study of Monetary History at the Ashmolean Museum in Oxford.
Fund ManagerCarsten Schmitz
Manager Start Date03/07/2017
Career Start Year2008
Education
University of Zurich, Ph.D.
 
Biography
Carsten leads the development of Winton’s investment strategies and is responsible for the firm’s Portfolio Manager Platform initiative. Prior to this, Carsten oversaw the management of Winton’s research division. Carsten joined Winton in London as a senior scientist in 2008 and opened Winton’s Zurich office in 2012. He previously managed a team of researchers whose main focus is return forecasting and the testing and improving of Winton’s futures trading systems. Prior to that, Carsten worked on the modelling of transaction costs and led the design efforts for Winton’s in-house execution algorithms. Carsten became Investment Management Director in August 2016. Carsten earned a diploma in physics with distinction from RWTH Aachen in Germany and holds a PhD with distinction in particle physics from the University of Zurich. For his PhD and postdoctoral position, he worked at the DESY collider facility in Hamburg from 2003 to 2008, where he analysed data from high-energy particle collisions.
Fund ManagerSimon Judes
Manager Start Date03/07/2017
Education
University of Oxford, B.A.
Columbia University, Ph.D.
 
Biography
Simon leads the development of Winton’s investment strategies and is responsible for the firm’s bespoke products. Previously, Simon was Winton’s Futures Strategy Manager since March 2016, responsible for all futures trading systems. Simon joined Winton in 2008 as a Researcher immediately after completing his PhD. He has worked on projects including the design of several commodity and equity systems. Simon has a first-class honours degree from Oxford University, as well as a PhD in physics from Columbia University, where his thesis focused on string theory and cosmology. He initially focused on research into commodities futures, before moving on to other futures and forwards markets, and also cash equities from 2011. In early 2014, Simon joined the Investment Systems team, and became Head of Monitoring later that year. Simon holds a BA (honours) degree in Physics and Philosophy from Oxford University, and a PhD in Physics from Columbia University, where his research work was in string theory and cosmology.
Fund ManagerDan Mercer
Manager Start Date03/07/2017
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.92%
Ongoing Charge1.49%
Purchase Details
Minimum Investments
Initial50000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo