Morningstar Fund Report  | 10/04/2025Print

CT UK Mid 250 Fund Retail Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
CT UK Mid 250 Fund Retail Accumulation GBP
Fund14.3-27.71.42.8-11.1
+/-Cat-0.5-5.6-4.5-4.6-6.0
+/-B’mrk---15.1-3.8-8.6
 
Category: UK Mid-Cap Equity
Category Benchmark: Morningstar UK SMID Cap TME...
Key Stats
NAV
10/04/2025		 GBP 2.15
Day Change 5.50%
Morningstar Category™ UK Mid-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB0033547604
Fund Size (Mil)
31/03/2025		 GBP 42.42
Share Class Size (Mil)
09/04/2025		 GBP 1.21
Max Initial Charge 3.75%
Ongoing Charge
31/01/2025		  1.56%
Investment Objective: CT UK Mid 250 Fund Retail Accumulation GBP
The Fund aims to achieve capital growth over the long term. It looks to outperform the FTSE 250 ex Investment Trusts Index over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 90% of its assets in shares of companies listed on the London Stock Exchange; predominantly companies domiciled in the UK, or which have significant UK business operations.
Returns
Trailing Returns (GBP)10/04/2025
YTD-13.61
3 Years Annualised-8.21
5 Years Annualised0.15
10 Years Annualised-0.08
12 Month Yield 1.01
Management
Manager Name
Start Date
James Thorne
01/12/2013
Craig Adey
01/12/2020
Inception Date
15/09/2003

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE 250 Ex Investment Trust TR GBPMorningstar UK SMID Cap TME NR GBP
Portfolio Profile for  CT UK Mid 250 Fund Retail Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.730.0097.73
Bond0.000.000.00
Property0.000.000.00
Cash0.440.000.44
Other1.820.001.82
Top 5 Regions%
United Kingdom98.68
Asia - Developed1.32
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Industrials20.17
Technology19.83
Consumer Cyclical15.47
Financial Services11.88
Real Estate10.00
Top 5 HoldingsSector%
Bridgepoint Group PLCFinancial ServicesFinancial Services3.13
Shaftesbury Capital PLCReal EstateReal Estate3.05
FD Technologies PLCTechnologyTechnology3.02
Workspace Group PLCReal EstateReal Estate2.73
Spectris PLCTechnologyTechnology2.71
Increase Decrease New since last portfolio
CT UK Mid 250 Fund Retail Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  CT UK Mid 250 Fund Retail Accumulation GBP
Category:  UK Mid-Cap Equity
Category Index:  Morningstar UK SMID Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-19.7827.84-0.0714.31-27.741.422.79-11.09
+/- Category-4.84-2.992.86-0.49-5.58-4.48-4.56-5.99
+/- Category Index------15.14-3.82-8.58
% Rank in Category89852874808494100
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day5.50   7.118.02
1 Week-3.28   4.685.75
1 Month-6.94   3.743.96
3 Months-10.71   -0.87-1.75
6 Months-14.56   -0.88-3.60
YTD-13.61   -0.65-3.01
1 Year-11.80   -3.56-5.90
3 Years Annualised-8.21   -3.87-8.19
5 Years Annualised0.15   -3.48-5.53
10 Years Annualised-0.08   -2.54-2.92
 
Category: UK Mid-Cap Equity
Category Index: Morningstar UK SMID Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-11.09---
2024-0.103.623.15-3.73
20231.16-1.83-4.506.94
2022-15.68-12.90-12.6812.69
20214.986.184.37-1.74
2020-31.0716.767.3315.69
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearBelow AverageAbove Average1 star
10-YearLowAverage1 star
OverallLowAbove Average1 star
 
Category :  UK Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev18.84 %
3-Yr Mean Return-5.75 %
 
3-Yr Sharpe Ratio-0.53
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK SMID Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta1.071.07
3-Yr Alpha-10.21-5.43
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 883-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium19.77
Small55.08
Micro25.15
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.661.07
Price/Book1.530.94
Price/Sales0.850.97
Price/Cash Flow7.140.93
Dividend-Yield Factor3.130.88
 
Long-Term Projected Earnings Growth9.621.24
Historical Earnings Growth-0.83-0.14
Sales Growth7.291.82
Cash-Flow Growth7.000.78
Book-Value Growth0.190.07
 
Category: UK Mid-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.730.0097.73
Bond0.000.000.00
Property0.000.000.00
Cash0.440.000.44
Other1.820.001.82
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom98.681.06
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed1.322.81
Asia - Emerging0.000.00
 
Category: UK Mid-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.601.83
Consumer CyclicalConsumer Cyclical15.470.78
Financial ServicesFinancial Services11.880.55
Real EstateReal Estate10.001.52
Consumer DefensiveConsumer Defensive5.940.90
HealthcareHealthcare2.260.81
Communication ServicesCommunication Services6.851.21
IndustrialsIndustrials20.170.98
TechnologyTechnology19.832.49
 
Category: UK Mid-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings53
Total Number of Bond Holdings0
Assets in Top 10 Holdings26.99
NameSectorCountry% of Assets
Bridgepoint Group PLC103United Kingdom3.13
Shaftesbury Capital PLC104United Kingdom3.05
FD Technologies PLC311United Kingdom3.02
Workspace Group PLC104United Kingdom2.73
Spectris PLC311United Kingdom2.71
Elementis PLC101United Kingdom2.70
Quilter PLC Ordinary Shares103United Kingdom2.66
Foresight Group Holdings Ltd Ordinary... 103United Kingdom2.37
Kitwave Group PLC205United Kingdom2.36
B&M European Value Retail SA205United Kingdom2.26
 
Increase Decrease New since last portfolio
Category: UK Mid-Cap Equity
 
Management
Name of CompanyThreadneedle Investment Services Ltd
Phone44-20-7464-5000
Websitewww.columbiathreadneedle.com
AddressCannon Place, 78 Cannon Street
 London   EC4N 6AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date15/09/2003
Fund Advisor(s)
Threadneedle Asset Management Ltd.
Fund ManagerJames Thorne
Manager Start Date01/12/2013
Education
University of Southampton, B.S.
University of Manchester, M.S.
 
Biography
James Thorne is a portfolio manager in the Pan-European Small Cap team, covering UK equities, having joined the company in 2010. He is lead manager of the CT UK Smaller Companies Fund and co-manager of the CT UK Mid 250 Fund, as well as for a range of small and mid-cap institutional portfolios. James also co-manages the UK sleeve of the Global Smaller Companies Trust. He has previously held responsibility for a range of sectors for the wider team including chemicals and technology. James has extensive experience of the smaller companies sector, having worked at Barings Asset Management, Hill Samuel and Abbey Life as well as private equity company 3i. He has a BSc in Oceanography with Geology from the University of Southampton and an MSc in Instrumentation and Analytical Science from the University of Manchester.
Fund ManagerCraig Adey
Manager Start Date01/12/2020
Education
University of Manchester, Honours
 
Biography
Craig Adey is a portfolio manager in the Pan-European Small Cap team, covering UK equities, having joined in 2011. He is co-manager of the CT UK Mid 250 strategy, deputy manager of the CT UK Smaller Companies strategy and co-manager for a range of institutional mandates. Craig also co-manages the UK sleeve of the Global Smaller Companies Trust. He previously held responsibility for banks, distributors, gaming and non-life insurance sectors for the wider team, and before that worked in client portfolio management for the team. Craig holds a First Class Honours degree in International Business, Finance and Economics from the University of Manchester. Craig holds the Chartered Financial Analyst designation and the Investment Management Certificate.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.75%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.40%
Ongoing Charge1.56%
Purchase Details
Minimum Investments
Initial2000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes