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Discretionary Unit

Ranked 18 out of 53 in - UK Smaller Companies over 12 months
All calculations are in GBP

Managed by

Simon Knott

Simon Knott's fine analytical brain has helped him become an international chess master and a top fund manager in the UK Smaller Companies sector. 'The important thing in chess, as well as the stockmarket, is to make good decisions and to keep your error rate down,' says Knott. The Discretionary unit trust, which was originally launched in 1963, has been a strong performer since he took charge of it in 1990. London-born Knott, graduated from Trinity College, Cambridge, with an Economics degree. He started his career at family stockbroking firm Green & Co, which was taken over by Greig Middleton and later Gerrard. He was director of the group between 1988 and 1997, before his Discretionary venture. Knott describes himself as a 'deep value' investor who pays little attention to the macroeconomic issues apart from keeping abreast of general economic trends. On his business visits, he makes a point of going to the business locations of small firms so he can see the quality of their technology or second tier management at first hand.

Objective

To provide maximum appreciation with above average yield for a growth fund through concentration in UK smaller and medium sized companies. This is achieved through a stable medium term portfolio not subject to frequent adjustments. The benchmark index is the FTSE All Share Index.

Performance

UK Smaller Companies over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 -2.3% 4.2% -0.4% -5.8%
2013 39.6% 4.1% 2.6% 17.4% 11.4%
2012 25.2% 12.3% -3.8% 8.8% 6.6%
2011 -2.1% 2.5% 8.5% -15.3% 3.9%
2010 35.1% -2.5% 5.1% 7.1% 23.1%
2009 34.2% -22.1% 28.1% 28.9% 4.3%
2008 -47.4% -10.2% -4.4% -14.6% -28.2%
2007 -6.5% 7.5% 4.1% -5.6% -11.5%
2006 22.9% 5.0% -1.6% 10.1% 8.1%
2005 21.9% 11.0% -0.3% 6.9% 3.1%
2004 22.1% 5.4% 1.1% 3.1% 11.1%
2003 40.4% -4.0% 20.1% 14.9% 6.0%
2002 -3.2% 7.5% -3.0% -9.8% 2.8%
2001 8.3% -5.5% 9.6% -12.9% 20.0%
2000 25.6% -0.6% 4.4% 6.8% 13.4%
1999 39.0% 5.6% 13.2% 3.0% 12.8%
1998 12.5% 10.5% 6.0% -13.1% 10.5%
1997 14.7% 1.8% 0.4% 5.8% 6.1%
1996 8.7% 0.3% 5.1% -1.6% 4.8%
1995 4.3% 0.7% 3.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2011

Top 10 Holdings

Stock Size
Rights & Issues Investment Trust PLC Capital 9.83
Brammer PLC ORD 7.43
Colefax Group PLC ORD 7.28
Treatt PLC ORD 5.37
RPC Group PLC ORD 5.04
VP PLC ORD 5.00
Hill & Smith Holdings PLC ORD 4.39
John Menzies PLC ORD 4.37
Scapa Group PLC ORD 3.91
Macfarlane Group PLC ORD 3.78
30/09/2011

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/08/1963
  • Share Class size37Mn
  • Base currencyGBP
  • ISIN GB0002708708

Purchase Info

  • Min. initial investment3,000
  • Min. additional investment0

Charges

  • Annual management1.0%
  • Initial investment3

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).