Castlefield CFP SDL UK Buffettology Fund Institutional Income Shares

UK Growth

Rated Fund 2016-2018. Replicates Warren Buffett's methodology

This fund aims to replicate the investment style of legendary value investor Warren Buffett; it took a Money Observer award for Best UK Growth fund for the third year running in 2017.

Launched in 2011, it has seen its assets rocket to £210 million from just £42 million 18 months ago. Keith Ashworth-Lord, who has run the fund since its inception in 2011, aims to invest in companies with strong balance sheets and the ability to grow over the long term. His style is known as 'business perspective investing', and follows the Buffett principle of buying shares in good businesses for less than the business is intrinsically worth, and ideally holding the shares forever. While shares may not always be kept forever, Ashworth-Lord is investing on a time horizon of at least five to 10 years.

He says that the success of the fund is down to getting the investments right after extensive research. When he finds an attractive investment he invests a meaningful amount in it. He concentrates the fund in relatively few companies — there are currently just over 30 holdings in the portfolio, which he feels he knows a lot about. He firmly believes that investment is a business venture, not a gamble; and that it's the companies owned, not the market, that make money for the investor.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Castlefield CFP SDL UK Buffettology Fund Institutional Income Shares
Manager
Castlefield Fund Partners Limited
Type
Open Ended Investment Company
ISIN
GB00BKJ9C676
Sector
UK All Companies
Launched
18/03/2014
OCF
1.33 %
Risk Rating
3
3 Year Sharpe
1.80
3 Year Alpha
14.38
Yield
1.1 %
Benchmark
FTSE AllSh TR GBP
The investment objective of the Fund is to seek to achieve an annual compounding rate of return over the long term which is superior to the performance of the UK stock market. The Fund will invest principally in a portfolio of UK equities, and may also invest in other transferable securities, money market instruments, units and/or shares in other collective investment schemes, deposits, warrants, cash and near cash. The Investment Adviser will adopt a focused approach to investing in shares of those companies which it believes have strong operating franchises and experienced management teams and whose shares are undervalued and offer the potential for improved economic growth. The Fund may also invest in derivatives and forward transactions (for hedging purposes). The Fund may borrow and may enter into stocklending and underwriting transactions in accordance with COLL.
Holding %
Games Workshop Group PLC 6.01 %
Bioventix PLC 4.22 %
AB Dynamics PLC 3.94 %
Dechra Pharmaceuticals PLC 3.70 %
Dart Group PLC 3.66 %
Victrex PLC 3.34 %
Scapa Group PLC 3.34 %
Rotork PLC 3.32 %
Liontrust Asset Management PLC 3.25 %
Hargreaves Lansdown PLC 3.24 %
Region %
United Kingdom 100.00 %
Sector %
Consumer Cyclical 28.49 %
Industrials 19.48 %
Basic materials 13.54 %
Healthcare 11.86 %
Technology 10.31 %
Financial Services 9.79 %
Consumer Defensive 6.52 %
Name
Castlefield Fund Partners Limited
Address
United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Keith Ashworth-Lord
Joined 03/28/2011

Keith is a graduate of the Natural Sciences with a Master's Degree in Management Studies from Imperial College, London. His career spans over thirty years in equity capital markets, working in company investment analysis, corporate finance and fund management. He is a Chartered Fellow of the Chartered Institute for Securities & Investment and he holds the Investment Management Certificate of the United Kingdom Society of Investment Professionals. In recent years, he had won four stock picking awards conferred by Thomson-Reuters StarMine.

Data provided by Morningstar.

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