Factsheet - June 2021 

FUND FACTS

Portfolio Advisor

Fund Launch Date

Fund Type

Base Currency

Investment Manager

Administrator

Depository

Auditor

Dealing

Initial Charge

Performance Fee

Mark Ellis

18th May 2020

Dublin UCITS Fund

GBP

Thornbridge Investment Management LLP Northern Trust

Northern Trust Int FS (Ireland) Ltd

KPMG

Daily

0.0%

0.0%

Thornbridge Nutshell Global Equity UCITS Fund

PORTFOLIO FACTS

NAV (GBP, USD, EUR IF Class )

Fund Size

No. Holdings

Average Market Cap

114.14, 128.51, 119.11

£27.6mn

31

£321bn

GEOGRAPHICAL ALLOCATION

US
Hong Kong

Japan

Denmark

China

France

UK

Sweden

Cash

%

75.3

4.9

4.8

4.3

3.4

3.3

1.7

1.6

0.7

SECTOR ALLOCATION

 

Communication Services

Consumer Discretionary Information Technology

Health Care

Financials

Industrials

Consumer Staples

Cash

%

 

28.2

22.8

15.9

13.2

10.3

6.1

2.8

0.7

INVESTMENT OBJECTIVE

PORTFOLIO OBJECTIVE

  • Long term global equity investment. Focused strategy in a concentrated portfolio of quality, resilient, exceptional companies at reasonable valuations.

  • To achieve returns annually in excess of both peers and the global equity markets, with reduced volatility and drawdown periods.

  • To align selection with ethical values, using Environmental, Social and Governance factors including sector exclusions e.g. Fossil Fuels, Tobacco and Gambling.

INVESTMENT STRATEGY

The strategy utilizes an in-house proprietary ‘bottom up’ investment selection process. This encompasses many fundamental, technical and valuation factors, researched over many years.

These factors have contributed to significant outperformance in normal market conditions, and reduced beta, and therefore losses, when the broader equity markets suffer.

MONTHLY COMMENT

The Nutshell Global Equity Strategy GBP share class returned 6.13% during June. The top 3 contributors for the month were Adobe, Facebook and Microsoft. The top 3 detractors were Tencent, Nintendo and Medifast.

TOP 10 HOLDINGS   49.5%

 

  • Adobe

  • Alphabet

  • Amazon

  • Autozone

  • Expeditors International of Washington

  • Facebook

  • Lowe's

  • Microsoft

  • Novo Nordisk

  • Tencent

SHARE CLASS DETAILS (GBP)

SHARE CLASS

Institutional Founder

Institutional

Retail

MAX OCF

1.59%

1.74%

1.89%

AMC

0.85%

1.00%

1.15%

MINIMUM

£10m

£1m

£1,000

ISIN

IE00BLP46L65

IE00BLP46Q11

IE00BLP46V63

CAPITAL PRESERVATION, LIQUIDITY AND PORTFOLIO STATISTICS

3 Pillar Approach

Robust Stock Selection

Relative Value

Recession Indicator

Currently Active

Yes

No

No

Liquidity-Market Cap Distribution

  • Beta still below the index

  • Portfolio maintained at 31 holdings

Screen Shot 2021-07-01 at 22.14.11.png
Liquidity chart June21.png

THORNBRIDGE NUTSHELL GLOBAL EQUITY UCITS (IF Share Class)

Global equity UCITs june21.png

*UCITS Fund Launched 18th May with the majority of the portfolio not established until the last day of the month.

HISTORICAL STRATEGY PERFORMANCE*/**

Historical strategy performance

GBP CUMULATIVE RETURNS

GBP cumulative rtns.png

GBP CALENDAR YEAR RETURNS

GBP calendar Yr rtns.png

*UCITS Fund Launched 18th May with the majority of the portfolio not established until the last day of the month.
**These returns are from private money invested in the strategy net of fees and transaction costs. From June 2020 the strategy returns will replicate the Thornbridge Nutshell Global Equity UCITS Returns.
***Recession indicator triggered-Beta reduced to protect capital

 

Historical Factsheets

June 2021

3rd June2021

May 2021

28th May 2021

April 2021

30th April 2021

March 2021

31st March 2021

February 2021

26th February 2021

January 2021

29th January 2021

December 2020

31st December 2020

November 2020

30th November 2020

October 2020

30th October 2020

September 2020

30th September 2020

August 2020

28th August 2020

July 2020

31st July 2020

June 2020

30h June 2020