Ninety One UK Alpha Class I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
31/07/24 to 31/07/25 |
|
|---|---|---|---|---|---|
| Fund | 17.6% | -4.5% | 5.4% | 10.9% | 11.6% |
| Sector | 32.3% | -4.5% | 3.0% | 13.8% | 7.3% |
| Rank | 199/204 | 121/208 | 96/213 | 177/214 | 73/215 |
| Quartile | 4 | 3 | 2 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/25 |
5 Years to 31/07/25 |
10 Years to 31/07/25 |
||
| Fund | 9.3% | 7.9% | 5.4% | |
| Sector | 7.9% | 9.7% | 5.5% | |
| Rank | 94/213 | 140/204 | 113/177 | |
| Quartile | 2 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| DIAGEO | 5.94 |
| UNILEVER | 5.75 |
| WETHERSPOON(J.D.) | 5.21 |
| HALEON | 4.34 |
| WISE | 3.89 |
| CONVATEC GROUP | 3.80 |
| BRITISH AMERICAN TOBACCO P.L.C. | 3.67 |
| RECKITT BENCKISER GROUP | 3.66 |
| SPIRAX GROUP | 3.60 |
| BT GROUP | 3.51 |
| Total | 43.37 |
Fund Aims
The Fund aims to provide capital growth (to grow the value of your investment) and income over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK).
Fund Manager
Ben is a portfolio manager at Ninety One. He is manager of the UK Equity Income Strategy, and an analyst within the Quality team. Ben is based in the firm’s London office. Prior to joining the firm he was a Pan European analyst at Threadneedle and prior to that a UK analyst at Aviva Investors. Ben graduated from the University of Bath with a BSc Honours first class degree in Business Administration. Ben holds the Investment Management Certificate (IMC) and has passed Level III of the CFA® Programme.
Anna is an investment specialist within the specialist Quality investment team at Ninety One. She is a portfolio manager with a focus on UK equities, and co-portfolio manager for the UK Alpha Fund and the Luxembourg domiciled GSF UK Alpha Fund. Prior to joining the firm she was a UK equity analyst at Threadneedle, and prior to that a UK equity analyst at Schroders. Anna graduated from the University of Durham with a BA degree in History (with Honours). In addition, Anna has passed Level III of the CFA® Programme.
Simon is Co-Head of Quality at Ninety One. He is a portfolio manager with a focus on UK equities, and manager of the UK Alpha Fund and the Luxembourg domiciled GSF UK Alpha Fund. He is also responsible for the co-management of the specialist Quality investment team. Simon is based in the firm’s London office. Prior to joining the firm, Simon worked for Threadneedle where he was Head of UK Equities and responsible for the portfolio management of the Threadneedle UK Fund. He has been managing funds for over twenty years, having started his career with Schroders in 1998.Simon graduated from Durham University and the University of Aix-Marseille with a BA Honours degree in Economics with French. Simon holds the Institute of Investment Management and Research (IIMR) certificate.
Fund Overview
| Mid (20/08/2025) | 421.80p |
| Historic yield | 2.24% |
| Fund size (30/06/2025) | £246.01m |
| Number of holdings | 39 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
| Launch date | 22/04/2003 |
Asset Allocation
| UK Equities | 87.64% | |
| International Equities | 10.95% | |
| Cash and Equivalents | 0.40% | |
| Other Assets | 1.01% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 87.64% | |
| International Equities | 10.95% | |
| Cash and Equivalents | 0.40% | |
| Other Assets | 1.01% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 24.59% | - | - | - | |
| Industrial Goods & Services | - | 24.59% | - | - | |
| Industrial Support Services | - | - | 12.46% | - | |
| Industrial Suppliers | - | - | - | 4.70% | |
| Transaction Processing Services | - | - | - | 3.89% | |
| Professional Business Support Services | - | - | - | 3.87% | |
| Electronic & Electrical Equipment | - | - | 6.47% | - | |
| Electrical Components | - | - | - | 2.89% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.40% | |
| Electronic Equipment: Control & Filter | - | - | - | 1.19% | |
| Industrial Engineering | - | - | 3.60% | - | |
| Machinery: Industrial | - | - | - | 3.60% | |
| General Industrials | - | - | 2.06% | - | |
| Diversified Industrials | - | - | - | 2.06% | |
| Consumer Staples | 24.03% | - | - | - | |
| Food, Beverage & Tobacco | - | 13.02% | - | - | |
| Beverages | - | - | 8.30% | - | |
| Distillers & Vintners | - | - | - | 5.94% | |
| Soft Drinks | - | - | - | 2.36% | |
| Tobacco | - | - | 3.67% | - | |
| Tobacco | - | - | - | 3.67% | |
| Food Producers | - | - | 1.05% | - | |
| Food Products | - | - | - | 1.05% | |
| Personal Care, Drug & Grocery Stores | - | 11.01% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 11.01% | - | |
| Personal Products | - | - | - | 5.75% | |
| Nondurable Household Products | - | - | - | 3.66% | |
| Food Retailers & Wholesalers | - | - | - | 1.60% | |
| Health Care | 12.00% | - | - | - | |
| Health Care | - | 12.00% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.35% | - | |
| Pharmaceuticals | - | - | - | 4.34% | |
| Biotechnology | - | - | - | 2.01% | |
| Medical Equipment & Services | - | - | 5.66% | - | |
| Medical Supplies | - | - | - | 3.80% | |
| Medical Equipment | - | - | - | 1.85% | |
| Consumer Discretionary | 10.17% | - | - | - | |
| Travel & Leisure | - | 6.53% | - | - | |
| Travel & Leisure | - | - | 6.53% | - | |
| Restaurants & Bars | - | - | - | 5.21% | |
| Airlines | - | - | - | 1.32% | |
| Consumer Products & Services | - | 2.67% | - | - | |
| Personal Goods | - | - | 2.67% | - | |
| Clothing & Accessories | - | - | - | 2.67% | |
| Retail | - | 0.97% | - | - | |
| Retailers | - | - | 0.97% | - | |
| Diversified Retailers | - | - | - | 0.97% | |
| Financials | 9.93% | - | - | - | |
| Financial Services | - | 6.40% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.58% | - | |
| Investment Services | - | - | - | 4.58% | |
| Finance & Credit Services | - | - | 1.81% | - | |
| Financial Data & Systems | - | - | - | 1.81% | |
| Banks | - | 2.27% | - | - | |
| Banks | - | - | 2.27% | - | |
| Banks | - | - | - | 2.27% | |
| Insurance | - | 1.27% | - | - | |
| Non-life Insurance | - | - | 1.27% | - | |
| Property & Casualty Insurance | - | - | - | 1.27% | |
| Technology | 8.37% | - | - | - | |
| Technology | - | 8.37% | - | - | |
| Software & Computer Services | - | - | 6.13% | - | |
| Computer Services | - | - | - | 4.55% | |
| Consumer Digital Services | - | - | - | 1.58% | |
| Technology Hardware & Equipment | - | - | 2.24% | - | |
| Production Technology Equipment | - | - | - | 2.24% | |
| Basic Materials | 5.98% | - | - | - | |
| Chemicals | - | 5.98% | - | - | |
| Chemicals | - | - | 5.98% | - | |
| Chemicals: Diversified | - | - | - | 5.12% | |
| Specialty Chemicals | - | - | - | 0.87% | |
| Telecommunications | 3.51% | - | - | - | |
| Telecommunications | - | 3.51% | - | - | |
| Telecommunications Service Providers | - | - | 3.51% | - | |
| Telecommunications Services | - | - | - | 3.51% | |
| Non-Classified | 1.01% | - | - | - | |
| Non-Classified | - | 1.01% | - | - | |
| Non-Classified | - | - | 1.01% | - | |
| Non-Classified | - | - | - | 1.01% | |
| Cash and Equivalents | 0.40% | - | - | - | |
Regional Allocation
| UK | 87.64% | |
| Developed Europe - Excl UK | 9.61% | |
| North America | 1.35% | |
| Non-Classified | 1.01% | |
| Cash and Equivalents | 0.40% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 87.64% | - | |
United Kingdom
|
- | 87.64% | |
| Developed Europe - Excl UK | 9.61% | - | |
Ireland
|
- | 4.09% | |
Spain
|
- | 3.29% | |
Netherlands
|
- | 2.24% | |
| North America | 1.35% | - | |
United States
|
- | 1.35% | |
| Non-Classified | 1.01% | - | |
| Cash and Equivalents | 0.40% | - | |
Breakdown By Market Cap (%)
| Mega |
|
29.22% |
| Large |
|
14.81% |
| Medium |
|
25.73% |
| Small |
|
3.20% |
| Non-Classified |
|
26.64% |
| Cash |
|
0.40% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | DIAGEO | 5.94% | Beverages | United Kingdom |
| 2 | UNILEVER | 5.75% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 3 | WETHERSPOON(J.D.) | 5.21% | Travel & Leisure | United Kingdom |
| 4 | HALEON | 4.34% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | WISE | 3.89% | Industrial Support Services | United Kingdom |
| 6 | CONVATEC GROUP | 3.80% | Medical Equipment & Services | United Kingdom |
| 7 | BRITISH AMERICAN TOBACCO P.L.C. | 3.67% | Tobacco | United Kingdom |
| 8 | RECKITT BENCKISER GROUP | 3.66% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | SPIRAX GROUP | 3.60% | Industrial Engineering | United Kingdom |
| 10 | BT GROUP | 3.51% | Telecommunications Service Providers | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 2.85% | 5.52% | - | - | - | - | - | - | 8.37% |
| Telecommunications | 3.51% | - | - | - | - | - | - | - | 3.51% |
| Financials | 8.59% | 1.35% | - | - | - | - | - | - | 9.93% |
| Consumer Discretionary | 8.85% | 1.32% | - | - | - | - | - | - | 10.17% |
| Consumer Staples | 24.03% | - | - | - | - | - | - | - | 24.03% |
| Health Care | 12.00% | - | - | - | - | - | - | - | 12.00% |
| Industrials | 21.83% | 2.76% | - | - | - | - | - | - | 24.59% |
| Basic Materials | 5.98% | - | - | - | - | - | - | - | 5.98% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.40% | 0.40% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 3255896 |
| Mex Code | YFUKO |
| Isin Code | GB0032558966 |
| Citi Code | GO43 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.84% |
Aims and Benchmark
| Aims | The Fund aims to provide capital growth (to grow the value of your investment) and income over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of UK companies (those incorporated in, domiciled in, or that have significant economic exposure to, the UK). |
| Benchmark | FTSE All-Share Total Return |
| Benchmark Category | - |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | - |
| Fund type | OEIC |
| Launch price | - |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 October | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | SS&C Financial Services International Limited |
| Fund Registrar | SS&C Financial Services Europe Limited |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | Ninety One |
| Group address | 55 Gresham Street London EC2V 7QP |
| Group telephone | +44 (0) 203 938 1900 |
| Dealing telephone | +44 (0) 203 938 1900 |
| enquiries@ninetyone.com | |
| Homepage | https://ninetyone.com/en/united-kingdom |
| Fax number | +44 (0) 203 938 1900 |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £250000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.