Morningstar Fund Report  | 05/04/2025Print

Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)
Fund15.15.012.111.74.2
+/-Cat-2.78.45.43.63.3
+/-B’mrk--4.51.9-1.0
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
04/04/2025		 GBX 402.00
Day Change -5.43%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B0117C28
Fund Size (Mil)
03/04/2025		 GBP 1765.35
Share Class Size (Mil)
03/04/2025		 GBP 570.32
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.90%
Morningstar Research
Analyst Report14/05/2024
Daniel Nilsson, Analyst
Morningstar, Inc

Man GLG Income is a strong proposition for investors who like the manager’s Undervalued Assets approach but require an additional income component. All share classes therefore retain a Morningstar Analyst Rating of Bronze. Henry Dixon took over...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)
The objective of the Fund is to achieve a level of income (gross of fees) above the FTSE All-Share Total Return (NDTR) Index over 1 year rolling periods and outperform (gross of fees) the FTSE AllShare Total Return (NDTR) Index over the long-term (over 5 year rolling periods). To achieve the objective, the Fund will invest at least 80% of its assets, directly or indirectly (such proportion to be determined by the Investment Adviser), in equities of: (i) companies that have their registered office in the UK; (ii) companies that do not have their registered office in the UK but carry out a predominant proportion of their business activity in the UK market; and/or (iii) companies whose equities are listed on a UK stock exchange.
Returns
Trailing Returns (GBP)04/04/2025
YTD-2.19
3 Years Annualised8.14
5 Years Annualised14.32
10 Years Annualised7.25
12 Month Yield 5.03
Management
Manager Name
Start Date
Henry Dixon
15/11/2013
Inception Date
25/05/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock92.750.0392.72
Bond0.990.060.93
Property0.000.000.00
Cash8.413.994.42
Other1.970.041.93
Top 5 Regions%
United Kingdom91.23
Eurozone5.10
Middle East1.60
Europe - ex Euro0.85
United States0.72
Top 5 Sectors%
Financial Services35.14
Energy14.20
Basic Materials12.31
Consumer Cyclical9.51
Utilities7.76
Top 5 HoldingsSector%
GSK PLCHealthcareHealthcare5.38
Shell PLCEnergyEnergy4.90
Rio Tinto PLC Registered SharesBasic MaterialsBasic Materials4.88
BP PLCEnergyEnergy4.73
Barclays PLCFinancial ServicesFinancial Services4.71
Increase Decrease New since last portfolio
Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)
Growth Of 1000 (GBP) 31/03/2025
Fund:  Man UK ICVC - Man Income Fund Professional Accumulation Shares (Class C)
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.3421.72-13.7515.104.9612.1311.724.16
+/- Category3.222.78-1.19-2.718.405.373.633.30
+/- Category Index-----4.511.89-1.00
% Rank in Category183669761451920
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.43   -4.84-3.92
1 Week-8.18   -6.31-5.98
1 Month-5.43   -1.95-1.58
3 Months-2.62   -2.09-6.05
6 Months-1.71   -0.69-5.21
YTD-2.19   -2.16-6.14
1 Year3.98   -2.15-6.69
3 Years Annualised8.14   3.801.12
5 Years Annualised14.32   2.981.43
10 Years Annualised7.25   2.721.41
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.16---
20244.055.252.16-0.15
20232.41-0.424.515.20
20221.25-5.06-5.0214.96
20216.113.402.891.96
2020-31.2211.59-5.7919.28
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearAbove AverageAbove Average4 star
10-YearHighAbove Average5 star
OverallHighAbove Average5 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.74 %
3-Yr Mean Return11.60 %
 
3-Yr Sharpe Ratio0.51
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.131.15
3-Yr Alpha2.592.88
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 14092-
Market Capitalisation% of Equity
Giant29.37
Large25.27
Medium28.29
Small13.79
Micro3.27
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.610.83
Price/Book1.200.74
Price/Sales0.991.28
Price/Cash Flow7.260.99
Dividend-Yield Factor5.141.16
 
Long-Term Projected Earnings Growth9.011.00
Historical Earnings Growth-2.700.56
Sales Growth1.410.28
Cash-Flow Growth-9.86-12.29
Book-Value Growth5.422.90
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock92.750.0392.72
Bond0.990.060.93
Property0.000.000.00
Cash8.413.994.42
Other1.970.041.93
World Regions28/02/2025
 % of EquityRelative to Category
United States0.720.28
Canada0.000.00
Latin America0.000.00
United Kingdom91.230.99
Eurozone5.101.48
Europe - ex Euro0.850.66
Europe - Emerging0.00-
Africa0.498.52
Middle East1.6018.57
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials12.312.04
Consumer CyclicalConsumer Cyclical9.510.97
Financial ServicesFinancial Services35.141.40
Real EstateReal Estate4.941.41
Consumer DefensiveConsumer Defensive3.190.24
HealthcareHealthcare7.670.90
UtilitiesUtilities7.761.66
EnergyEnergy14.201.95
IndustrialsIndustrials5.270.39
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings68
Total Number of Bond Holdings242
Assets in Top 10 Holdings39.75
NameSectorCountry% of Assets
GSK PLC206United Kingdom5.38
Shell PLC309United Kingdom4.90
Rio Tinto PLC Registered Shares101United Kingdom4.88
BP PLC309United Kingdom4.73
Barclays PLC103United Kingdom4.71
HSBC Holdings PLC103United Kingdom3.93
Imperial Brands PLC205United Kingdom2.96
National Grid PLC207United Kingdom2.81
Centrica PLC207United Kingdom2.75
Lloyds Banking Group PLC103United Kingdom2.72
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyMan Fund Management UK Limited
Phone-
Websitewww.man.com
AddressRiverbank House, 2 Swan Lane, London EC4R 3AD
 London   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date25/05/2004
Fund Advisor(s)
GLG Partners LP
Fund ManagerHenry Dixon
Manager Start Date15/11/2013
 
Biography
Henry Dixon is a Portfolio Manager in the UK Equities team at Man Group.Prior to joining Man Group in 2013, Henry was a portfolio manager and Founder of Matterley where he ran their flagship fund of the same strategy. Prior to that he worked at New Star, and The Family Charities Ethical Trust.Henry has over 15 years' experience in equity investment management.Source and Copyright: Citywire. Henry Dixon is A rated by Citywire for his rolling 3 year risk-adjusted performance, for the period 01 February 2022 to 31 January 2025.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.90%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes