Castlefield CFP SDL UK Buffettology Fund Institutional Income Shares

UK Growth

Rated Fund 2016-20. Replicates Warren Buffett's methodology      

The continued outperformance of CFP SDL UK Buffettology has seen its assets soar year on year. They more than doubled again in the past year, from £465 million to £1.3 billion. That compares to just £42 million in mid-2016. The fund aims to replicate the approach of legendary value investor Warren Buffett; it clinched the title of Best Larger UK Growth fund for the second year running in the Money Observer 2019 awards, having taken Best Smaller UK Growth fund for the previous three years.

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", which follows Buffett's principle of buying shares in good businesses for less than the businesses are intrinsically worth, and ideally holding the shares forever. While that might not always be the case, Ashworth-Lord is investing on a time horizon of at least five to 10 years.

He says the fund's success 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 -currently just 35 holdings - which he feels he knows a lot about. The concentrated nature of the portfolio saw it move from our core to adventurous choices in the UK Growth asset group in 2019. Ashworth-Lord believes that it is the companies owned that make money for the investor, rather than the stockmarket.

Narrative and ratings content all as of January 2020.  

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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
1.19 %
Risk Rating
3
3 Year Sharpe
0.88
3 Year Alpha
9.92
Yield
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 6.12 %
Liontrust Asset Management PLC 4.92 %
Dart Group PLC 4.68 %
AB Dynamics PLC 3.98 %
Focusrite PLC 3.21 %
London Stock Exchange Group PLC 3.13 %
Next PLC 2.79 %
Bioventix PLC 2.77 %
Experian PLC 2.73 %
RWS Holdings PLC 2.70 %
Region %
United Kingdom 91.95 %
United States 8.05 %
Sector %
Consumer Cyclical 26.05 %
Industrials 21.68 %
Financial Services 15.99 %
Healthcare 11.00 %
Technology 10.79 %
Basic materials 7.03 %
Name
Castlefield Fund Partners Limited
Address
NULL, Manchester, 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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