The portfolio currently has around 70 holdings, the largest of which is British media company Future plc (3.4 per cent). Grafton Group and Electrocomponents (2.7 per cent and 2.4 per cent respectively) round off the top three. The fund has an ongoing charge of 0.84 per cent.
Returning 65.9 per cent to investors in the past five years, the manager and wider team have proven their ability as outstanding stock-pickers.
We like the robust process and the fact that the manager uses thematic long-term ideas to help construct a portfolio of dynamic growth companies that should benefit from these trends. Add in the flexibility and pragmatism of the approach and we feel the future bodes well for investors.
Darius McDermott is managing director at FundCalibre
