Morningstar Fund Report  | 03/04/2025Print

SVM World Equity B Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
SVM World Equity B Acc
Fund26.7-25.05.85.8-11.0
+/-Cat8.7-15.7-6.9-8.4-7.4
+/-B’mrk7.1-17.3-9.4-13.5-6.7
 
Category: Global Large-Cap Blend Equity
Category Benchmark: Morningstar Global TME NR USD
Key Stats
NAV
02/04/2025		 GBX 408.70
Day Change 0.10%
Morningstar Category™ Global Large-Cap Blend Equity
IA (formerly IMA) Sector Global
ISIN GB00B0KXSK43
Fund Size (Mil)
31/10/2024		 GBP 49.85
Share Class Size (Mil)
01/04/2025		 GBP 48.52
Max Initial Charge -
Ongoing Charge
31/12/2024		  1.15%
Investment Objective: SVM World Equity B Acc
The objective of this Fund is to achieve capital growth over the long term (5 years or more) and it aims to outperform the MSCI ACWI IMI (or any successor index). Performance is measured on a monthly basis over rolling 5 year periods after all fees and costs are deducted. The Fund will invest at least 80% in global equities and other equity related instruments such as Exchange Traded Funds.
Returns
Trailing Returns (GBP)02/04/2025
YTD-10.22
3 Years Annualised-6.10
5 Years Annualised6.67
10 Years Annualised5.38
12 Month Yield 0.19
Management
Manager Name
Start Date
Neil Veitch
01/12/2010
Inception Date
30/09/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI IMI NR USDMorningstar Global TME NR USD
Portfolio Profile for  SVM World Equity B Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock91.750.0091.75
Bond0.000.000.00
Property0.000.000.00
Cash0.990.210.78
Other7.890.427.47
Top 5 Regions%
United States56.83
Eurozone19.83
United Kingdom9.52
Asia - Developed8.03
Europe - ex Euro5.80
Top 5 Sectors%
Technology39.44
Industrials20.99
Financial Services12.87
Communication Services9.20
Consumer Cyclical8.11
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology8.23
3i Group Ord7.41
Taiwan Semiconductor Manufacturi... TechnologyTechnology7.37
Broadcom IncTechnologyTechnology7.18
Mastercard Inc Class AFinancial ServicesFinancial Services5.26
Increase Decrease New since last portfolio
SVM World Equity B Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  SVM World Equity B Acc
Category:  Global Large-Cap Blend Equity
Category Index:  Morningstar Global TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.9030.5714.2026.74-25.055.835.84-10.98
+/- Category-6.1911.543.618.69-15.70-6.93-8.44-7.36
+/- Category Index-9.399.011.957.08-17.33-9.42-13.46-6.70
% Rank in Category9212351009190100
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.10   -0.18-0.05
1 Week-4.42   -2.05-2.72
1 Month-7.93   -2.66-2.28
3 Months-10.16   -6.62-5.48
6 Months-6.20   -6.29-7.64
YTD-10.22   -6.68-6.52
1 Year-6.75   -8.89-12.35
3 Years Annualised-6.10   -11.82-13.69
5 Years Annualised6.67   -5.48-8.24
10 Years Annualised5.38   -2.93-4.96
 
Category: Global Large-Cap Blend Equity
Category Index: Morningstar Global TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-10.98---
20241.674.30-3.973.93
2023-0.222.54-5.659.64
2022-8.58-10.59-9.070.84
202110.967.882.693.10
2020-17.7317.163.0714.94
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearLowHigh1 star
10-YearBelow AverageHigh1 star
OverallBelow AverageHigh1 star
 
Category :  Global Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.69 %
3-Yr Mean Return-5.35 %
 
3-Yr Sharpe Ratio-0.61
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Global TME NR USD  Red Rocks Gbl Listed Private Eqty TR USD
3-Yr Beta1.100.68
3-Yr Alpha-13.67-12.90
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 100284-
Market Capitalisation% of Equity
Giant44.98
Large15.83
Medium34.89
Small4.31
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings28.831.47
Price/Book6.621.95
Price/Sales5.962.41
Price/Cash Flow19.261.41
Dividend-Yield Factor0.880.49
 
Long-Term Projected Earnings Growth13.451.34
Historical Earnings Growth13.501.32
Sales Growth10.812.02
Cash-Flow Growth4.970.86
Book-Value Growth20.092.57
 
Category: Global Large-Cap Blend Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock91.750.0091.75
Bond0.000.000.00
Property0.000.000.00
Cash0.990.210.78
Other7.890.427.47
World Regions28/02/2025
 % of EquityRelative to Category
United States56.830.82
Canada0.000.00
Latin America0.000.00
United Kingdom9.522.13
Eurozone19.832.10
Europe - ex Euro5.801.25
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed8.033.90
Asia - Emerging0.000.00
 
Category: Global Large-Cap Blend Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical8.110.77
Financial ServicesFinancial Services12.870.76
Consumer DefensiveConsumer Defensive3.320.58
HealthcareHealthcare6.070.52
Communication ServicesCommunication Services9.201.08
IndustrialsIndustrials20.992.04
TechnologyTechnology39.441.46
 
Category: Global Large-Cap Blend Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings23
Total Number of Bond Holdings0
Assets in Top 10 Holdings57.94
NameSectorCountry% of Assets
Microsoft Corp311United States8.23
3i Group OrdUnited Kingdom7.41
Taiwan Semiconductor Manufacturing Co... 311Taiwan7.37
Broadcom Inc311United States7.18
Mastercard Inc Class A103United States5.26
ASML Holding NV311Netherlands4.81
Heico Corp310United States4.54
S&P Global Inc103United States4.47
Alphabet Inc Class A308United States4.38
Copart Inc310United States4.30
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Blend Equity
 
Management
Name of CompanySVM Asset Management Ltd
Phone+44 1312266699
Websitewww.svmonline.co.uk
AddressSVM Asset Management Ltd
 Edinburgh   EH2 3AH
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date30/09/2005
Fund Advisor(s)
River Global Investors LLP
Fund ManagerNeil Veitch
Manager Start Date01/12/2010
Career Start Year1996
 
Biography
Neil Veitch is Co-Manager of the SVM UK Opportunies Fund and the SVM All Europe SRI Fund. He joined River Global Investors in October 2022 following the acquisition of SVM Asset Management, having previously joined SVM in 2006. Prior to joining River Global Investors, Neil was responsible for UK mid and small cap investments at Dutch merchant bank, Kempen Capital Management, where he also managed pan European mandates. Neil holds a BA (Hons) in Economics, a MSc in Investment Management and is qualified as a Chartered Financial Analyst (CFA). Neil is manager of the SVM UK Opportunities Fund and co manager of SVM’s Pan European product.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge1.15%
Purchase Details
Minimum Investments
Initial250000  GBP
Additional200  GBP
Savings-
Tax Free Savings Schemes
ISAsYes