Morningstar Fund Report  | 11/04/2025Print

MI Select Managers Alternatives Fund Institutional Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
MI Select Managers Alternatives Fund Institutional Accumulation GBP
Fund--4.19.14.1
+/-Cat-----
+/-B’mrk-----
 
Category: Alternative Other
Category Benchmark: -
Key Stats
NAV
10/04/2025		 GBP 1.12
Day Change 1.93%
Morningstar Category™ Alternative Other
IA (formerly IMA) Sector -
ISIN GB00BL69L593
Fund Size (Mil)
10/04/2025		 GBP 1450.21
Share Class Size (Mil)
10/04/2025		 GBP 19.95
Max Initial Charge -
Ongoing Charge
10/07/2023		  0.27%
Investment Objective: MI Select Managers Alternatives Fund Institutional Accumulation GBP
The Fund will aim to provide a positive return after costs (from investment growth and income) on a rolling five year basis. The Fund will typically be invested (directly or indirectly) 70% or above but will never fall below 50% in alternative assets such as commodities (including gold and other precious metals), real estate, private equity, and absolute return strategies. The Fund may also have exposure to equities, debt instruments, cash and near cash.
Returns
Trailing Returns (GBP)10/04/2025
YTD2.76
3 Years Annualised3.93
5 Years Annualised-
10 Years Annualised-
12 Month Yield 1.47
Management
Manager Name
Start Date
-
-
Inception Date
08/02/2022

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not benchmark-
Portfolio Profile for  MI Select Managers Alternatives Fund Institutional Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock21.770.0021.77
Bond26.970.0026.97
Property0.000.000.00
Cash22.1216.165.96
Other45.300.0045.30
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States67.99
Japan8.85
Eurozone7.55
Australasia7.30
Asia - Developed4.36
Top 5 Sectors%
Real Estate99.09
Technology0.91
Top 5 HoldingsSector%
WisdomTree Core Physical Gold7.53
iShares Physical Gold ETC6.92
Invesco Physical Gold ETC6.92
Amundi Physical Gold ETC C6.92
Pioneer Trust Bank 0%6.42
Increase Decrease New since last portfolio
MI Select Managers Alternatives Fund Institutional Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  MI Select Managers Alternatives Fund Institutional Accumulation GBP
Category:  Alternative Other
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2023202431/03
Price Return4.119.094.13
+/- Category---
+/- Category Index---
% Rank in Category-
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.93   --
1 Week-0.55   --
1 Month0.47   --
3 Months1.23   --
6 Months3.87   --
YTD2.76   --
1 Year8.36   --
3 Years Annualised3.93   --
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Alternative Other
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.13---
20241.831.574.710.73
20231.09-2.36-0.826.35
2022--3.01-1.841.09
 
 
 
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 :  Alternative OtherClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.77 %
3-Yr Mean Return4.58 %
 
3-Yr Sharpe Ratio0.09
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar Gbl Trsy Inf-Lnkd GR Hdg EUR
3-Yr Beta-0.80
3-Yr Alpha-8.16
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 15089-
Market Capitalisation% of Equity
Giant1.38
Large32.08
Medium48.97
Small15.22
Micro2.36
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings27.251.64
Price/Book1.520.73
Price/Sales5.642.75
Price/Cash Flow15.971.28
Dividend-Yield Factor3.841.11
 
Long-Term Projected Earnings Growth4.920.60
Historical Earnings Growth-0.330.43
Sales Growth4.490.78
Cash-Flow Growth0.920.44
Book-Value Growth0.310.25
 
Category: Alternative Other
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 1507
Maturity Distribution %
1 to 35.14
3 to 514.31
5 to 710.17
7 to 1041.68
10 to 154.63
15 to 200.71
20 to 302.34
Over 301.46
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA19.06   BB0.00
AA0.00   B80.94
A0.00   Below B0.00
BBB0.00   Not Rated0.00
 
Category: Alternative Other
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock21.770.0021.77
Bond26.970.0026.97
Property0.000.000.00
Cash22.1216.165.96
Other45.300.0045.30
World Regions28/02/2025
 % of EquityRelative to Category
United States67.991.54
Canada0.870.56
Latin America0.000.00
United Kingdom3.070.16
Eurozone7.550.66
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan8.851.80
Australasia7.303.09
Asia - Developed4.362.90
Asia - Emerging0.000.00
 
Category: Alternative Other
Sector Weightings28/02/2025
 % of EquityRelative to Category
Real EstateReal Estate99.094.18
TechnologyTechnology0.910.09
 
Category: Alternative Other
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings57
Total Number of Bond Holdings322
Assets in Top 10 Holdings50.83
NameSectorCountry% of Assets
WisdomTree Core Physical GoldJersey7.53
iShares Physical Gold ETCIreland6.92
Invesco Physical Gold ETCIreland6.92
Amundi Physical Gold ETC CFrance6.92
Pioneer Trust Bank 0%Canada6.42
Xtrackers IE Physical Gold ETCIreland5.40
United Kingdom of Great Britain and N... United Kingdom4.94
SCOR ILS Fund Atropos Catbond B3 GBP HLuxembourg2.62
BOFA MLCX Commodity Alp UCITS GBP E1 AccLuxembourg1.81
ML One River Rsk Rspndrs GBP2 Fdr AccIreland1.34
 
Increase Decrease New since last portfolio
Category: Alternative Other
 
Management
Name of CompanyMaitland Group
Phone352 40 25 05 1
Website -
AddressMaitland 58, rue Charles Martel
 Luxembourg   L-2134
 Macedonia
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSNo
Inception Date08/02/2022
Fund Advisor(s)
Brewin Dolphin Ltd
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.90%
Ongoing Charge0.27%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo