Castlefield B.E.S.T Sustainable UK Smaller Companies Fund Institutional Income Class

UK Smaller Companies

New for 2020. Reflects the prevailing zeitgeist for sustainable investing    

This fund is our wildcard in the Smaller Companies asset group for 2020, thanks to its decent performance and ethical credentials.

The behaviour of businesses is a growing area of concern for investors. Some 75% of investors with investable assets of more than £250,000 believe they have a role to play in influencing the behaviour of the companies they invest in, according to research by Rathbone Greenbank Investments. Among investors under 45, that rises to 78%, suggesting a growing trend.

The Financial Reporting Council's revised stewardship code - which sets higher expectations for investors to report on how environmental, social and governance factors are integrated into their investment decisions and stewardship activities - took effect on 1 January. In running Castlefield B.E.S.T. Sustainable UK Smaller Companies, managers Alistair Currie and David Elton back 35-40 smaller companies, including some listed on the Alternative Investment Market, that have meaningful employee engagement and employee share ownership. Each investment needs to pass four "B.E.S.T"criteria: business and financial; environmental and ecological; social; and transparency and governance factors.

The concentrated nature of the portfolio means it takes quite punchy positions. Its largest holding accounts for more than 5% of assets and its top 10 holdings for 42%. This small fund with assets of £10 million is well-diversified at a sector level. Ongoing charges are relatively high at 1.65%, but this should fall as assets rise.

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Name
Castlefield B.E.S.T Sustainable UK Smaller Companies Fund Institutional Income Class
Manager
Castlefield Fund Partners Limited
Type
Open Ended Investment Company
ISIN
GB00B1XQNH95
Sector
UK Smaller Companies
Launched
01/06/2007
OCF
1.65 %
Risk Rating
3
3 Year Sharpe
1.00
3 Year Alpha
7.47
Yield
0.5 %
Benchmark
N/A
The investment objective of the Fund is to achieve long term capital growth. The investment policy is to invest predominantly in the shares of quoted smaller UK companies, including those listed on the Alternative Investment Market.
Holding %
Augean PLC 5.50 %
Inspired Energy PLC 4.67 %
Tristel PLC 4.66 %
Gym Group (The) PLC 4.49 %
AB Dynamics PLC 4.38 %
Tracsis PLC 4.08 %
GB Group PLC 4.01 %
Strix Group PLC 3.46 %
Good Energy Group PLC 3.44 %
Porvair PLC 3.13 %
Region %
United Kingdom 96.21 %
Sector %
Technology 23.57 %
Industrials 21.17 %
Consumer Cyclical 19.16 %
Financial Services 14.06 %
Healthcare 6.73 %
Communication Services 5.14 %
Name
Castlefield Fund Partners Limited
Address
NULL, Manchester, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Alistair Currie
Joined 04/16/2007

Alistair Currie has been appointed as Premier's new in house fund manager for the Premier UK Smaller Companies Fund. As head of the small cap investment team at Edinburgh Fund Managers (EFM), Alistair built up a formidable reputation running an aggressive growth smaller companies portfolio. However, as over all head of small cap investment at EFM, he also had responsibility for over seeing the team managing all of EFM's small cap portfolios including the EFM balanced growth institutional mandates.

Data provided by Morningstar.

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