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SVM UK Active Fund plc

SVM UK Active Fund was originally launched in 1994 as Undervalued Assets Trust. The Fund aims to achieve superior returns by actively managing a portfolio of principally UK listed companies that offer attractively priced growth.

How to invest        SVM Saving Scheme for Children


indicates general review information

Stock analysis and commentary

Full details as at 31 January 2010

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Fund Manager Interview and Update (7 January 2010)

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Fund Fact Sheet

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Latest Fact Sheet (February 2010)

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(Details as at 31 January 2010)


Current prices

 

Price

Date

Mid Price

143.25 p

10 Mar 2010

NAV

The Mid price is as at close the previous business day. The NAV figure is calculated by SVM using Bid prices.

Please note that the above Mid price is for information purposes only and is not necessarily the price at which the Trust can be bought or sold.

The Trust was launched on 27 April 1994.


Fund Codes

 

Sedol

ISIN

SVM UK Active Fund plc

0911544

GB0009115444


The UK Active Fund has won the following award:

AIC Commendation 2009
Best Factsheet

SVM has won the following award:

Lipper Fund Awards 2008
Best Overall Group – Equity Small category


Reports

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Interim Report

30 September 2009

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Interim Management Statement

30 June 2009

PDF Document icon

Annual Report

31 March 2009

PDF Document icon

Interim Management Statement

31 December 2008

PDF Document icon

Interim Report

30 September 2008

PDF Document icon

Interim Management Statement

30 June 2008

PDF Document icon

Annual Report

31 March 2008

PDF Document icon

Interim Management Statement

31 December 2007

PDF Document icon

Interim Report

30 September 2007


News releases

PDF Document icon

17 July 2009

SVM UK Active Plc AGM
SVM

PDF Document icon

31 March 2009

SVM UK Active Fund Full Portfolio List
SVM Asset Management


Presentations and articles

PDF Document icon

20 April 2009

SVM Private Client Newsletter April 2009
SVM

PDF Document icon

20 April 2009

SVM Professional Adviser Newsletter April 2009
SVM


Colin McLean image SVM UK Active Fund Manager - Colin McLean

Colin has over 30 years' investment experience and is widely regarded as one of the UK’s top stockpicking analysts, his successful track-record includes 16 years running long/short portfolios. Prior to establishing SVM Asset Management in 1990, he held senior positions with three major financial institutions. He was Head of Investment of two UK life assurers, FS Assurance and Scottish Provident, before being Managing Director of Templeton International’s European operations. His sector responsibilities include UK banks, insurance and mining.

> Meet the rest of the team

Hector Kilpatrick image SVM UK Active Fund Manager - Hector Kilpatrick (Deputy)

Hector joined SVM having worked as a senior member of the European equities team at Standard Life Investments. He is an Associate of the Society of Investment Professionals. Hector holds a MBA in Strategic Management and a MSc in Aquatic Resource Management. Hector manages the SVM UK Alpha Fund and is responsible for researching European pharmaceuticals, basic Industrials and UK support services.

> Meet the rest of the team


Fund performance

Chart showing investment performance
red line

SVM UK Active Fund plc

blue line

FTSE All-Share Index

Time span:    Update chart

Source: Lipper, capital return, to 10/03/2010.
Past performance should not be seen as an indication of future performance.


Monthly featured investments

Here you can review recent featured investments for this Fund:

Monthly Featured Investment

February 2010

Gulfsands Petroleum Market Cap £330m

Monthly Featured Investment

January 2010

Spirent Communications

Monthly Featured Investment

December 2009

Randgold Resources

Monthly Featured Investment

November 2009

Charter

Monthly Featured Investment

October 2009

HSBC

Monthly Featured Investment

September 2009

Aviva

Monthly Featured Investment

August 2009

Elementis

Monthly Featured Investment

July 2009

Morgan Crucible

Monthly Featured Investment

June 2009

Afren plc

Monthly Featured Investment

May 2009

Inchcape

Monthly Featured Investment

April 2009

British Telecom - hedging (negative) position

Monthly Featured Investment

March 2009

Vodafone

Monthly Featured Investment

February 2009

GlaxoSmithKline

Monthly Featured Investment

January 2009

Tullow Oil

Monthly Featured Investment

December 2008

Babcock International Group

Monthly Featured Investment

November 2008

Bank Sector

Monthly Featured Investment

October 2008

BAE Systems

Monthly Featured Investment

September 2008

AstraZeneca

Monthly Featured Investment

August 2008

Firstgroup PLC

Monthly Featured Investment

July 2008

UK Consumer Sectors

Monthly Featured Investment

June 2008

Invensys

Monthly Featured Investment

May 2008

UK Financials

Monthly Featured Investment

April 2008

Imperial Tobacco Group

Monthly Featured Investment

March 2008

Jubilee Platinum

Monthly Featured Investment

February 2008

Man Group

Monthly Featured Investment

January 2008

Randgold Resources

Monthly Featured Investment

December 2007

BG Group

Monthly Featured Investment

November 2007

Weir Group

Monthly Featured Investment

October 2007

Kirkland Lake Gold

Monthly Featured Investment

September 2007

Tullow Oil

Monthly Featured Investment

August 2007

Innovation Group

Monthly Featured Investment

July 2007

BT Group

Monthly Featured Investment

June 2007

Venture Production

Monthly Featured Investment

May 2007

Cable & Wireless

Monthly Featured Investment

April 2007

Novae Holdings

Monthly Featured Investment

March 2007

Morrison Supermarkets

Monthly Featured Investment

February 2007

Biffa

Monthly Featured Investment

January 2007

Compass Group

Monthly Featured Investment

December 2006

British Airways

Monthly Featured Investment

November 2006

UrAsia Energy

Monthly Featured Investment

October 2006

Novae Group

Monthly Featured Investment

September 2006

Stagecoach Group plc

Monthly Featured Investment

August 2006

International Power

Monthly Featured Investment

July 2006

Invensys

Monthly Featured Investment

June 2006

Carphone Warehouse

Monthly Featured Investment

May 2006

Investec

Monthly Featured Investment

April 2006

AstraZeneca

Monthly Featured Investment

March 2006

London Asia Capital

Monthly Company Feature

February 2006

Company Feature - Corus Group

Monthly Company Feature

January 2006

Company Feature - Close Brothers Group

Monthly Company Feature

December 2005

Company Feature - Ashtead Group

Monthly Company Feature

November 2005

Company Feature - Griffin Mining

Monthly Company Feature

October 2005

Company Feature - Foseco

Monthly Company Feature

September 2005

Company Feature - Fun Technologies

Monthly Company Feature

August 2005

Company Feature - My Travel Group

Monthly Company Feature

July 2005

Company Feature - British Energy Group

Monthly Company Feature

June 2005

Company Feature - Babcock International Group

Monthly Company Feature

May 2005

Company Feature - Stagecoach Group

Monthly Company Feature

April 2005

Company Feature - Hardman Resources

Monthly Company Feature

March 2005

Company Feature - Corus Group

Monthly Company Feature

February 2005

Company Feature - Go-Ahead

Monthly Company Feature

January 2005

Company Feature - Carnival Corporation

Monthly Company Feature

December 2004

Company Feature - CES Software

Monthly Company Feature

November 2004

Company Feature - Edinburgh Oil and Gas

Monthly Company Feature

October 2004

Company Feature - Burren Energy

Monthly Company Feature

September 2004

Company Feature - NETeller

Monthly Company Feature

August 2004

Company Feature - United Utilities

Monthly Company Feature

June 2004

Company Feature - Burren Energy



Percentage growth year on year to 31 December

% Change

2009

2008

2007

2006

2005

SVM UK Active Fund Share Price

12.7

-35.0

-7.3

29.6

19.7

FTSE All-Share Index (CR)

25.0

-32.8

2.0

13.2

18.1

Performance difference

-12.3

-2.2

-9.3

+16.5

+1.6

SVM UK Active Fund NAV

10.1

-31.6

-2.0

23.9

19.0

Source: SVM/Lipper Hindsight, CR - capital return, to last quarter end 31/12/2009. The Board has authorised the Managers to use bank borrowings, allowing increased portfolio investment, and to hedge certain exposures from time to time where the Managers believe this would offer the potential to protect shareholder value. Hedging is typically implemented through Contracts for Difference (CFDs) with UBS Warburg Securities and the total of such exposure is limited to a normal maximum of 15% of the Trust’s Net Asset Value (NAV). CFDs may also be used for the active management of the portfolio (long positions) as an alternative to holding direct company equity exposure. The overall effect of such gearing (that is bank borrowings plus the gross exposure of long positions less any hedging) must not normally exceed 20% of the Trust’s NAV. Additional limits have also been set on individual hedging to assist risk control. Market movements may produce occasional excursions beyond these limits while the Managers take appropriate action. Past performance should not be seen as an indication of future performance. The value of an investment, and the income from it, may fall as well as rise and investors may not get back the amount originally invested. An Investment Trust is a public limited company, the shares of which are quoted on the London Stock Exchange. In a rising market, gearing can enhance returns to shareholders but if the market falls, losses may be greater. The information in this document does not constitute or contain an offer or invitation for the sale or purchase of any shares in the Fund in any jurisdiction, is not intended to form the basis of any investment decision and does not constitute any recommendation by the Fund, its directors, agents or advisers.


Copyright 2008 Lipper Limited (a Reuters company). All rights reserved. Any copying, re-publication or re-distribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Neither Lipper, other members of the Reuters group, or its data providers shall be liable for any errors or delays in the content or for any actions taken in reliance thereon. Lipper performance rankings are based only on the universe of funds shown, which may not represent all the funds tracked by Lipper. Performance rankings are calculated using data available at the time of calculation. The provision of fund performance data does not constitute an offer to purchase shares in the funds referred to, nor shall it be deemed a recommendation to buy or sell mutual funds. Investors should remember that past performance is not a guarantee of future results. Lipper and the Lipper logo are trade marks and registered trade marks of Reuters S.A. For additional information on other Lipper services, please visit the Lipper public web site www.lipperweb.com


SVM Asset Management Limited is registered in Scotland (Number 125817) with its registered office at 7 Castle Street, Edinburgh EH2 3AH United Kingdom and is authorised and regulated by the Financial Services Authority. The information contained in this website has been issued and approved by SVM Asset Management Limited. The information on this website is directed only to eligible investors. Please satisfy yourself that you are eligible to make such investments before accessing this information.

We draw your attention to the Important Legal and Regulatory Information page which you will be deemed to have read and understood if you proceed to access information on this website.


© 2010 SVM Asset Management.