Unicorn Mastertrust Fund October 2014 Fund Objective

Unicorn Mastertrust Fund
October 2014
Fund Objective
Unicorn Mastertrust is a Fund of Investment Trusts. It provides exposure to a widely
diversified range of equity markets and asset classes around the world. The Fund seeks to
select the best funds from the best managers at the best time.
Unicorn Asset Management Limited (Unicorn) is an
independent, specialist fund management group,
established in July 2000 and majority owned by its
directors and employees.
Rank
Financial Express Rank 2/46 from launch to 30 September 2014
Unicorn focuses on long term, long only, investment
in UK quoted companies and aims to achieve
superior absolute returns through the application of
traditional, fundamental principles of investment.
Fund Commentary
Volatility returned to equity markets during September as concerns were raised about the
strength of global GDP growth. Mastertrust's net asset value retreated by 1.1%. The primary
detractors from performance were Acorn Income Fund (-11.6%), Aberdeen Latin American
Income (-8.8%), City Natural Resources (-6.6%) and TR Property (-5.1%). Positive contributions
came from Aberdeen Private Equity (+7.7%), Strategic Equity Capital (+3.8%) and Pacific
Assets Trust (+3.2%). The position in Pacific Assets Trust was reduced during the month with
the proceeds reinvested in Edinburgh Dragon. Other portfolio activity featured the sale of
Fundsmith Emerging Equities and the purchase of Schroder UK Growth.
Cumulative Performance
Mastertrust
YTD
1 Year
3 Year
5 Year
Since Launch
3.4%
7.2%
49.1%
74.6%
208.4%
44/197
5.2%
12/166
31.8%
2/137
38.7%
2/45
85.2%
Rank
48/199
2.2%
Sector Average
Source: Financial Express (Using bid to bid market value, total return)
Discrete Performance
Mastertrust
2013
2012
2011
2010
2009
24.9%
11/200
19.7%
3/179
-10.8%
129/162
26.2%
2/148
47.5%
4/135
9.7%
-7.5%
13.7%
22.4%
Rank
Sector Average
14.1%
Source: Financial Express (Using bid to bid market value, total return)
Fund Performance - Since Launch
Past performance is not a guide to
future performance. The value of
investments and the income from
them may go down as well as up and
investors may not get back the full
amount of their original investment.
Unicorn Mastertrust Fund
October 2014
Top 10 Holdings
Foreign & Colonial Investment Trust
3.2%
Sector Breakdown
Equity Investment Instruments
Caledonia Investments
Templeton Emerging Markets Investment Trust
TR Property Investment Trust
Acorn Income Fund
2.9%
2.9%
2.8%
2.6%
Cash
Non-Equity Investment Instruments
Financial Services
Total
Marwyn Value Investors
2.6%
Fidelity Asian Values
North Atlantic Smaller Companies
Herald Investment Trust
Edinburgh Dragon Trust
2.6%
2.5%
2.5%
75.8%
17.3%
4.2%
2.7%
100.0%
2.3%
26.9%
Total
Fund Facts
Fund Manager
Fund Size
Launch Date
Fund Sector
Peter Walls
£20m
31st December 2001
Active Managed
Share Class Information
Number of Holdings
Pricing
ISAs/JISAs
Dividend Dates
48
10:00 Daily
Available
EX-Div: 30/9
A - Income
5.50%
1.50%
Initial Charge
Annual Charge
ISIN Code
GB0031269367
Sedol Code
Bloomberg Code
MEX ID
Initial Investment
B - Income
O - Income
2.50%
5.50%
0.75%
1.50%
GB0031218018 GB00BJTMQ677
3126936
UNMSTAI
U2MA
£2,500
3121801
UNMSTBI
U2MSAA
£100,000
BJTMQ67
UNMSTOI
U2AAAD
£10,000
Payment: 30/11
Risk Ratios
1yr
3 yr
5.65
7.07
Beta
1.32
0.90
5.69
0.85
Sharpe
Information Ratio
0.68
0.53
1.78
1.29
Volatility
Alpha
How to buy the Fund: The fund is available through a number of
distributors including
HL Vantage
Alliance Trust
James Hay
Ascentric/Funds Direct
AXA Elevate
Novia
Bestinvest
Charles Stanley Direct
Cofunds
Fidelity Funds Network
Nucleus
Pershings Nexus Funds
Standard Life Fundzone
Transact
All figures within this factcheet have been calculated with reference to 30 September 2014
Authorised and regulated by the Financial Conduct Authority. The information should not be construed as an
invitation, offer or recommendation to buy or sell investments, shares or securities or to form the basis of a
contract to be relied on in any way. Unicorn Asset Management Limited provides no guarantees,
representations or warranties regarding the accuracy of this information. No third party liability is accepted by
Unicorn Asset Management Limited, its directors and employees, or its affiliates and their directors, in respect
of errors and omissions, other than under the duties and liabilities of the Financial Services and Markets Act,
2000. Past performance is not a guide to future performance. The value of investments and the income from
them may go down as well as up and investors may not get back the full amount of their original investment.
You should not invest unless you are prepared to accept a high degree of risk. Taxation levels, benefits and
reliefs may all vary depending on individual circumstances and are subject to change. Investing in smaller
companies, including AIM companies, can carry greater risks than those usually associated with large
capitalisation companies. Smaller companies are likely to be less established and may not have access to the
financial resources available to their larger counterparts. The shares of smaller companies are relatively
illiquid and under-researched.
Fact sheet issued by:
Unicorn Asset Management Limited
Preacher’s Court
The Charterhouse
Charterhouse Square
London
EC1M 6AU
Telephone: 020 7253 0889
Fax: 020 7251 4028
Email: info@unicornam.com
Website: www.unicornam.com
Dealing Helpline: 0845 026 4287