Unicorn UK Income Fund October 2014 Fund Objective

Unicorn UK Income Fund
October 2014
Fund Objective
To deliver a gross yield at least 10% greater than the yield produced by the FTSE All Share
Index.
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 1/49 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
Fund Commentary
The UK Income Fund recorded a total return of -3.8% in September, underperforming the UK traditional, fundamental principles of investment.
Equity Income sector total return by -1.9%.
Marshalls (+6.5%) made the largest positive contribution to performance during the month
as its share price benefitted from continued momentum following the release of a positive
trading update at the end of August. There were also notable positive contributions from the
stock broking firms; Cenkos Securities (+9.2%) and Numis Corporation (+4.4%).
In contrast, UK Mail Group's shares fell by over 20% after the company reported that it had
experienced softer than expected trading conditions during the summer months. Despite
this setback, we remain confident that prospects for UK Mail remain strong, given the
company's opportunity to grow market share in a fast evolving sector. The share price of
Low & Bonar (-24.7%) also fell sharply after the company announced a drop in demand from
its European civil engineering customers.
The Fund's holding in Brammer was sold during the month and a partial disposal was made
in Electrocomponents. A number of positions were added to, including Telecom Plus, GLI
Finance, Macfarlane Group and Conviviality Retail.
Cumulative Performance
YTD
1 Year
3 Year
5 Year
Since Launch
-3.6%
2.7%
77.3%
138.9%
240.0%
91/93
0.9%
Sector Average
Source: Financial Express (Using bid to bid market value, total return)
90/93
7.4%
4/88
51.5%
1/79
63.6%
1/49
121.3%
UK Income
Rank
Discrete Performance
UK Income
2013
2012
2011
2010
2009
40.0%
4/107
33.4%
1/104
-4.9%
62/97
36.8%
1/93
55.9%
1/80
13.5%
-3.1%
14.5%
22.7%
Rank
Sector Average
24.8%
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 UK Income Fund
October 2014
Top 10 Holdings
Marston's
Interserve
BBA Aviation
Berendsen
Premier Farnell
4.6%
4.4%
4.3%
4.2%
Sector Breakdown
Support Services
Other
Financial Services
Travel & Leisure
Industrial Transportation
4.2%
3.9%
3.7%
3.4%
Cash
Construction & Materials
General Industrials
Real Estate Investment Trusts
4.6%
RPC Group
Cineworld Group
Electrocomponents
Brewin Dolphin
Hill & Smith
Total
3.1%
40.4%
Fund Facts
Fund Managers
Fund Size
Launch Date
Fund Sector
UK Equity Income
46
10:00 Daily
ISAs/JISAs
Dividend Dates
Available
EX-Div: 31/3, 30/9
Sharpe
Information Ratio
4.8%
100.0%
1yr
Overseas 'O'
Retail 'A' Institutional 'B'
2.50%
5.50%
5.50%
1.50%
0.75%
1.50%
3.89%
3.87%
0.37%
GB00B00Z1S94 GB00B00Z1R87 GB00BJTMQB29
- Accumulation GB00B9XQFW49 GB00B9XQFY62 GB00BJTMQ909
B00Z1S9
B00Z1R8
BJTMQB2
Sedol Code - Income
B9XQFW4
B9XQFY6
BJTMQ90
- Accumulation
UNIINKA
UNIINKB
UNUKIOI
Bloomberg - Income
UNIINAA
UNIINBA
UNUKIOA
- Accumulation
MEX ID - Income
U2INA
U2INB
U2AAAG
- Accumulation
Initial Investment
Beta
8.2%
6.9%
5.3%
5.2%
Industrial Engineering
Total
Initial Charge
Annual Charge
Historic Yield
ISIN Code - Income
Payment: 31/5, 30/11
Volatility
Alpha
14.8%
11.7%
10.6%
8.6%
Share Class Information
Fraser Mackersie
Simon Moon
£607m
24th May 2004
Number of Holdings
Pricing
Risk Ratios
23.9%
3 yr
9.57
3.57
-4.51
11.85
0.80
0.00
0.59
2.21
-0.89
0.94
U2RTAC
£2,500
U2RTAD
£100,000
U2AAAB
£10,000
How to buy the Fund: The fund is available through a number of
distributors including
7IM
HL Vantage
Alliance Trust
James Hay
Ascentric/Funds Direct
Aviva
AXA Elevate
Novia
Nucleus
Pershing Nexus Funds
Bestinvest
Charles Stanley Direct
Transact
Skandia Investment Solutions
Cofunds
Fidelity Funds Network
Standard Life Fundzone
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