Morningstar Fund Report  | 14/04/2025Print

Scottish Friendly Managed Growth Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Scottish Friendly Managed Growth Acc
Fund13.4-2.78.011.80.0
+/-Cat2.27.4-0.42.81.3
+/-B’mrk1.14.6-2.70.60.6
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
11/04/2025		 GBX 392.60
Day Change -0.98%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Mixed Investment 40-85% Shares
ISIN GB0006929029
Fund Size (Mil)
03/04/2009		 GBP 40.27
Share Class Size (Mil)
-		 -
Max Initial Charge 4.00%
Ongoing Charge
31/03/2021		  1.42%
Investment Objective: Scottish Friendly Managed Growth Acc
The aim of the Scottish Friendly OEIC funds is to achieve medium to long-term capital growth. The investment policy of the Scottish Friendly Managed Growth Fund is to invest in equities and fixed interest securities both in the UK and other international stockmarkets. Fixed interest securities may comprise government securities such as gilts or corporate bonds and these may be denominated in sterling and other foreign currencies. The use of derivatives, stock lending or borrowing may also take place when deemed appropriate to achieve the objective of the fund. This should be viewed as an investment with the potential to offer good returns over the medium term; that is, 5 to 10 years or longer.
Returns
Trailing Returns (GBP)11/04/2025
YTD-5.01
3 Years Annualised4.34
5 Years Annualised10.60
10 Years Annualised5.02
12 Month Yield 0.00
Management
Manager Name
Start Date
Colin McLean
01/06/2004
Inception Date
25/05/1999

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  Scottish Friendly Managed Growth Acc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock72.980.0072.98
Bond10.080.0010.08
Property0.000.000.00
Cash14.630.3714.26
Other2.680.002.68
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom56.27
United States21.52
Eurozone19.59
Europe - ex Euro2.62
Canada0.00
Top 5 Sectors%
Financial Services26.81
Industrials20.76
Consumer Cyclical17.44
Healthcare9.15
Basic Materials7.65
Top 5 HoldingsSector%
United States Treasury Notes 3.5%5.35
Fiserv IncTechnologyTechnology5.03
NatWest Group PLCFinancial ServicesFinancial Services4.43
Compagnie de Saint-Gobain SAIndustrialsIndustrials4.23
Marks & Spencer Group PLCConsumer CyclicalConsumer Cyclical4.16
Increase Decrease New since last portfolio
Scottish Friendly Managed Growth Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Scottish Friendly Managed Growth Acc
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-16.3214.349.6113.37-2.707.9811.820.02
+/- Category-9.96-1.334.362.237.38-0.392.831.30
+/- Category Index--5.091.114.57-2.690.590.55
% Rank in Category1006818245551522
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.98   -0.48-1.36
1 Week-0.66   0.90-1.26
1 Month-6.17   -1.26-2.43
3 Months-4.71   1.420.53
6 Months-2.36   2.451.19
YTD-5.01   0.41-0.36
1 Year1.39   2.08-0.08
3 Years Annualised4.34   2.640.23
5 Years Annualised10.60   4.373.24
10 Years Annualised5.02   0.77-0.61
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.02---
20245.060.572.663.09
20231.170.692.443.47
2022-0.97-6.29-0.705.58
20212.136.943.330.46
2020-19.8520.325.607.63
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearHighAbove Average5 star
10-YearAbove AverageHigh4 star
OverallHighHigh5 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.69 %
3-Yr Mean Return6.26 %
 
3-Yr Sharpe Ratio0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar Gbl Fin Svc TME NR USD
3-Yr Beta0.820.56
3-Yr Alpha0.87-2.68
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 29236-
Market Capitalisation% of Equity
Giant23.32
Large39.34
Medium37.34
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.510.72
Price/Book1.710.64
Price/Sales1.110.59
Price/Cash Flow9.540.83
Dividend-Yield Factor2.641.17
 
Long-Term Projected Earnings Growth10.761.08
Historical Earnings Growth3.010.40
Sales Growth3.130.58
Cash-Flow Growth2.330.37
Book-Value Growth5.800.96
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 146
Maturity Distribution %
1 to 36.76
3 to 50.00
5 to 70.00
7 to 1093.24
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-
 
Category: GBP Allocation 60-80% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock72.980.0072.98
Bond10.080.0010.08
Property0.000.000.00
Cash14.630.3714.26
Other2.680.002.68
World Regions31/03/2025
 % of EquityRelative to Category
United States21.520.41
Canada0.000.00
Latin America0.000.00
United Kingdom56.272.95
Eurozone19.592.12
Europe - ex Euro2.620.63
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: GBP Allocation 60-80% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.651.95
Consumer CyclicalConsumer Cyclical17.441.62
Financial ServicesFinancial Services26.811.55
Real EstateReal Estate2.170.86
HealthcareHealthcare9.150.77
Communication ServicesCommunication Services3.240.43
EnergyEnergy5.901.61
IndustrialsIndustrials20.761.64
TechnologyTechnology6.890.33
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings27
Total Number of Bond Holdings4
Assets in Top 10 Holdings41.34
NameSectorCountry% of Assets
United States Treasury Notes 3.5%United States5.35
Fiserv Inc311United States5.03
NatWest Group PLC103United Kingdom4.43
Compagnie de Saint-Gobain SA310France4.23
Marks & Spencer Group PLC102United Kingdom4.16
Standard Chartered PLC103United Kingdom3.90
Flutter Entertainment PLC102United States3.74
CRH PLC101United States3.67
Smurfit WestRock PLC102Ireland3.45
BP PLC309United Kingdom3.40
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% Equity
 
Management
Name of CompanyScottish Friendly Asset Managers Limited
Phone+44 (0)141 275 5000
Websitewww.scottishfriendly.co.uk
AddressScottish House
 Glasgow   G2 4HJ
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSNo
Inception Date25/05/1999
Fund Advisor(s)
Scottish Life Investments
Fund ManagerColin McLean
Manager Start Date01/06/2004
Career Start Year1974
 
Biography
Colin has over 35 years' investment experience and is widely regarded as one of the UK's top stock-picking analysts. Prior to establishing SVM Asset Management in 1990, he held senior positions with three major financial institutions. He was Head of Investment of two UK life assurers, FS Assurance and Scottish Provident, before being Managing Director of Templeton International's European operations. His sector responsibilities include UK financials, insurance and mining.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge4.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.42%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings30  GBP
Tax Free Savings Schemes
ISAsYes