Morningstar Fund Report  | 07/04/2025Print

Ninety One UK Special Situations A Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Ninety One UK Special Situations A Acc
Fund13.4-5.626.419.81.8
+/-Cat-2.96.118.412.02.3
+/-B’mrk--18.810.0-3.4
 
Category: UK Flex-Cap Equity
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
07/04/2025		 GBX 1780.13
Day Change -4.14%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB0031075665
Fund Size (Mil)
04/04/2025		 GBP 539.59
Share Class Size (Mil)
04/04/2025		 GBP 56.26
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.60%
Investment Objective: Ninety One UK Special Situations A Acc
The Fund aims to provide capital growth and income over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK) and in related derivatives (financial contracts whose value is linked to the price of the shares of such UK companies). The Fund focuses on investing in assets believed to be undervalued by the market. Investment opportunities are identified using in-depth analysis and research on individual companies.
Returns
Trailing Returns (GBP)07/04/2025
YTD-6.67
3 Years Annualised13.21
5 Years Annualised15.08
10 Years Annualised4.98
12 Month Yield 1.36
Management
Manager Name
Start Date
Alessandro Dicorrado
17/04/2020
Inception Date
10/10/1988

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Ninety One UK Special Situations A Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.210.0098.21
Bond0.000.000.00
Property0.000.000.00
Cash1.790.001.79
Other0.000.000.00
Top 5 Regions%
United Kingdom78.74
United States10.97
Eurozone6.50
Europe - ex Euro1.96
Asia - Emerging1.82
Top 5 Sectors%
Consumer Cyclical27.68
Financial Services20.62
Consumer Defensive19.96
Industrials14.16
Technology5.99
Top 5 HoldingsSector%
Rolls-Royce Holdings PLCIndustrialsIndustrials9.46
NatWest Group PLCFinancial ServicesFinancial Services6.45
British American Tobacco PLCConsumer DefensiveConsumer Defensive4.77
Reckitt Benckiser Group PLCConsumer DefensiveConsumer Defensive4.74
Dowlais Group PLCConsumer CyclicalConsumer Cyclical4.70
Increase Decrease New since last portfolio
Ninety One UK Special Situations A Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Ninety One UK Special Situations A Acc
Category:  UK Flex-Cap Equity
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.7128.02-15.5913.41-5.6126.4019.821.77
+/- Category1.474.27-10.58-2.936.0818.4011.962.34
+/- Category Index-----18.7710.00-3.39
% Rank in Category36319373301515
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.14   -0.010.79
1 Week-8.29   -1.62-1.35
1 Month-10.45   -2.27-3.04
3 Months-6.52   -0.83-4.85
6 Months-5.94   -0.92-4.25
YTD-6.67   -1.29-5.50
1 Year1.10   1.43-3.57
3 Years Annualised13.21   11.458.08
5 Years Annualised15.08   5.123.33
10 Years Annualised4.98   0.72-0.32
 
Category: UK Flex-Cap Equity
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.77---
202411.553.882.850.54
202312.63-2.595.669.03
2022-6.53-5.32-6.9714.64
202111.46-1.215.72-2.58
2020-39.3114.74-10.9036.03
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighHigh5 star
5-YearHighHigh5 star
10-YearAbove AverageHigh3 star
OverallHighHigh4 star
 
Category :  UK Flex-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.59 %
3-Yr Mean Return17.25 %
 
3-Yr Sharpe Ratio0.77
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  MSCI Europe ex UK Small Cap NR EUR
3-Yr Beta1.180.90
3-Yr Alpha7.3913.41
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 9700-
Market Capitalisation% of Equity
Giant19.15
Large25.77
Medium28.24
Small24.22
Micro2.61
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.160.92
Price/Book1.490.90
Price/Sales0.760.79
Price/Cash Flow7.130.88
Dividend-Yield Factor3.541.00
 
Long-Term Projected Earnings Growth7.760.83
Historical Earnings Growth6.64-28.41
Sales Growth2.210.49
Cash-Flow Growth4.953.57
Book-Value Growth-1.50-0.50
 
Category: UK Flex-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.210.0098.21
Bond0.000.000.00
Property0.000.000.00
Cash1.790.001.79
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States10.975.75
Canada0.000.00
Latin America0.000.00
United Kingdom78.740.85
Eurozone6.502.34
Europe - ex Euro1.961.68
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging1.829.90
 
Category: UK Flex-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical27.682.12
Financial ServicesFinancial Services20.620.88
Real EstateReal Estate1.220.51
Consumer DefensiveConsumer Defensive19.961.78
HealthcareHealthcare2.760.34
UtilitiesUtilities2.530.82
Communication ServicesCommunication Services3.270.65
EnergyEnergy1.810.27
IndustrialsIndustrials14.160.81
TechnologyTechnology5.991.29
 
Category: UK Flex-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings36
Total Number of Bond Holdings0
Assets in Top 10 Holdings48.02
NameSectorCountry% of Assets
Rolls-Royce Holdings PLC310United Kingdom9.46
NatWest Group PLC103United Kingdom6.45
British American Tobacco PLC205United Kingdom4.77
Reckitt Benckiser Group PLC205United Kingdom4.74
Dowlais Group PLC102United Kingdom4.70
Cairn Homes PLC102Ireland4.13
Beazley PLC103United Kingdom3.89
Tesco PLC205United Kingdom3.47
Meta Platforms Inc Class A308United States3.21
Jet2 PLC Ordinary Shares102United Kingdom3.20
 
Increase Decrease New since last portfolio
Category: UK Flex-Cap Equity
 
Management
Name of CompanyNinety One Fund Managers UK Limited
Phone+44-2039382000
Websitewww.ninetyone.com
Address55 Gresham Street, London EC2V 7EL
 London   EC2V 7EL
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/10/1988
Fund Advisor(s)
Ninety One UK Limited
Fund ManagerAlessandro Dicorrado
Manager Start Date17/04/2020
 
Biography
Alessandro is a portfolio manager within the Value team at Ninety One. He co-manages the UK Value Equity and Global Value Equity strategies. Alessandro initially joined the firm as an analyst in the Value team. Previously he worked at J.P. Morgan Chase & Co as a fixed income derivatives salesperson in London. He graduated from UCL in 2004 with a Bachelor of Science (Hons) degree in Economics and holds a Masters degree in Finance from the London Business School. He has passed Level III of the CFA® Programme.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.60%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings100  GBP
Tax Free Savings Schemes
ISAsYes