Overview

Objective

The Fund, managed by the Amati UK Smaller Companies investment team, aims to achieve long term capital growth through investing in a well-diversified portfolio of UK Smaller Companies. The portfolio is spread across AIM and main market listed UK small and mid-cap companies.

Philosophy & Key Benefits

  • Bottom up: Stock-picking driven by rigorous analysis.
  • Diversified: A carefully curated conviction portfolio of typically 65-75 stocks.
  • Growth approach: Selecting quality growing businesses with sustainable revenues and margins.
  • Benchmark agnostic: Flexibility to take advantage of the best opportunities.
  • Fundamental research: Our strong relationships afford us excellent access to company management which informs our thoughtful analysis.
  • Added alpha: Managing an AIM VCT alongside the UK Smaller Companies Fund gives us coverage of the most promising growth companies ahead of our peers.
  • ESG considerations: Integral to each manager’s due diligence and research.
  • Team approach: Allowing waterfront coverage and avoiding individual manager bias.
  • Risk management: Active monitoring with a focus on liquidity and diversification.

Key Information as at 29 March 2024

B Class

Launch date:December 1998
Fund size:£402m
IA sector:UK Smaller Companies
Benchmark:Deutsche Numis Smaller Companies
(excl. Investment Trusts, incl. AIM)
Index, Total Return
Number of holdings:62
Investment Team:Paul Jourdan
David Stevenson
Gareth Blades
Scott McKenzie
ISAable fund:Yes
Minimum lump sum investment:£1,000
Regular savings:£50/mth
Initial charge:0%
Ongoing charges:0.86%
(incl. annual management charge
of 0.75% and research charge
of up to 0.10%)
Share type:Accumulation
B Accumulation:ISIN GB00B2NG4R39
Scheme type:A sub-fund of a UCITS Open Ended
Investment Company that is structured
as an umbrella company

Portfolio Information

As at 29 March 2024

10 Largest Holdings

Stock name% of total assets
Qinetiq Group4.0%
Trainline3.1%
Vistry Group2.9%
Alpha Group International2.9%
OSB Group2.8%
Gamma Communications2.8%
Pollen Street Group2.6%
Indivior2.5%
Grainger2.4%
Accesso Technology2.4%

Performance

B Class

*Total Return, after all charges, net of UK tax.
**The stocks comprising the Index are aligned with the Fund’s objectives, and on that basis the Index is considered an appropriate performance comparator for the Fund. Please note that the Fund is not constrained by or managed to the Index.
Sources – Waystone Management (UK) Limited, Financial Express Analytics and Amati Global Investors Ltd.

Cumulative Performance
as at 29/03/2024

PeriodFund Return
(%)
Benchmark
return (%)
Average Sector
return (%)#
Quartile
Ranking
1 month3.173.053.092
3 months-0.34-0.811.444
6 months1.926.018.304
1 year-1.082.964.984
3 years-29.06-12.71-14.004
5 years1.5014.8717.054
10 years93.4641.2664.671

 

Discrete Performance
as at 29/03/2024

Period 12 months toFund Return
(%)
Benchmark
return (%)
29.03.2024-1.082.96
31.03.2023-21.90-13.37
31.03.2022-8.17-2.14
31.03.202172.7071.31
31.03.2020-17.15-23.18

# Investment Association UK Smaller Companies sector, Total Return.

The Investment Association’s UK Smaller Companies sector gives investors an indication of how the Fund is performing compared with the others investing in a similar, but not identical, investment universe.

Past performance is not a guide to future performance. Statistical sources: all performance data as at 31 January 2023: Source – Waystone Management (UK) Limited and Financial Express Analytics. Further details: Issued by Amati Global Investors Ltd., authorised and regulated by the Financial Conduct Authority. Registered in Scotland, number: SC199908. Registered address: 8 Coates Crescent, Edinburgh, EH3 7AL

 

How to Invest

WS Amati UK Listed Smaller Companies Fund

WS Amati UK Listed Smaller Companies Fund is administered by Waystone Management (UK) Limited. Before investing you should view the relevant documents below.

For telephone dealing and enquiries please call:

Waystone Management (UK) Limited

Client Services and Dealing Line
T: +44 (0)345 922 0044
E: investorservices@linkgroup.co.uk

 

 

Application Form

For further information regarding the application form, please visit Waystone’s website here.

Literature

Quarterly Review December 2023 with Fund Manager, Scott McKenzie

Should you wish to receive our monthly fund factsheets by email, please contact:info@amatiglobal.com or call 0131 503 9115.

Ratings

Morningstar Report

Size: 686 KB

 

To read more from FundCalibre, please click here.

 

 

To read more from Citywire, please click here.

FAQs

Please find below answers to some of the most frequently asked questions for WS Amati UK Listed Smaller Companies Fund. Should you wish to discuss another query, please contact us on 0131 503 9115 or email info@amatiglobal.com.

If you wish to apply for shares directly, please download the application form from the How to Invest Section above.

The WS Amati UK Listed Smaller Companies Fund is available on the majority of platforms. If your chosen platform does not currently hold the fund, please contact the relevant platform manager and ask that they contact us on 0131 503 9115 or email us on: info@amatiglobal.com

The A shares were designed to pay trail comission to intermediaries, and hence have an Annual Management Charge (AMC) of 1.5%. The A shares are now closed (as at 05/05/2023). Following the FCA’s Retail Distribution Review (RDR) most advisers no longer charge clients for advice via trail commissions, and hence the B Shares, which don’t pay trail comissions and have an AMC of 0.75% have become the dominant ‘clean’ share class which most investors making new investments buy.

Daily at Midday

T+4

The fund has won several industry awards over the years and details of these are available to view on our awards page.

The minimum lump sum investment is £1,000.

The minimum lump sum top up is £500.

The minimum regular monthly investment is £50 per month

As the WS Amati Investment Funds are intended for investors seeking long-term capital growth, all income arising within them is reinvested into the value of shares. In other words the shares are all accumulation shares. The annual income allocation date is 31 March and the interim income allocation date is 30 September.

The Fund aims to achieve long term capital growth through investing in a well-diversified portfolio of UK smaller companies, which is consistent with the IA UK Smaller Companies sector definition, but includes in scope all stocks except those in the top 100 by market capitalisation. The portfolio is therefore spread across small and medium-sized companies quoted on the Alternative Investment Market (“AIM”), as well as those listed on the Main Market of the London Stock Exchange.

Numis Smaller Companies (excl-Inv. Trusts, incl-AIM) Total Return.