FUND OVERVIEW

Key Features

  • 56 year track record: The Fund has been investing in UK companies since 1963
  • The Fund is run with an Ownership Mindset – with none of the disadvantages of an institutional fund
  • The portfolio is a collection of companies across industries; minimising risk through diversification
  • Liquidity: UCITS structure ensures daily dealing and that investors do not suffer from the NAV discounts that could occur in an investment trust structure
  • Governance: The Fund is FCA regulated, overseen by the ACD and Board of Directors

Approach

We are long term equity investors. But you ask: What is your edge?

Deep knowledge of the small company landscape; this specialised asset class represents an exciting and attractive investment opportunity. We invest in undiscovered gems that offer meaningful upside potential (see latest factsheet for performance).

Our wide network gives us access to quality investment opportunities including discounted share placings, liquidity events, IPOs and off-market blocks of shares – at discounts. Brokers and intermediaries know we are nimble, move fast, and for the right companies, we can invest almost immediately.

We are known to be fussy.

Every year, we may meet hundreds of companies but we invest only in a select few that meet our criteria.

Generally, we are seeking:

So what do we avoid?

  • We do not invest in run of the mill businesses that can be copied by existing or new competitors or companies that are beyond their “best sell by date”
  • We cannot back management teams who like playing the roulette, e.g. they leverage the balance sheet or have a short term mindset
  • Our job is to think, behave judiciously and deserve what we desire. It is not in our DNA to toss coins and “hope” for favourable outcomes. In short, we stay away from binary outcomes
  • Price paid has a bearing on returns. At times we come across a business we love but yet we do not buy it because it is richly valued. Chasing and overpaying is not our strategy

Further, we do:

No index hugging

No performance fees

No market timing

We keep it simple and have a no nonsense approach.

Fund Facts

  • Launch date: 8th August 1963
  • Structure: UK domicile with daily dealing
  • UCITS Fund, FCA regulated and UK domiciled
  • Total ongoing charges: 1.1%
  • Asset Class: Equities
  • Currency: GBP
  • Eligible for ISA: Yes
  • Eligible for Junior ISA: Yes
  • Eligible for SIPP: Yes
  • Fund Trustee: Northern Trust
  • IMA Category: IA UK Smaller Companies
  • Fund Type: Unit Trust

Fund Codes

CodesAccumulation Income Units
Bloomberg DISDISA  DISDISI  
SEDOL02708920270870
ISIN GB0002708922GB0002708708
DividendsReinvested Generally, paid out in June and December

The Fund has several layers of oversight: ACD, Depository and Custodian and also its own independent Board of Directors. 

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.

Disclaimer

It is the responsibility of the individual user to consider his or her legal and regulatory position in the relevant jurisdiction, the risks associated with trading such products and to ensure that the use of the content and the subsequent making of any investment does not contravene any such restrictions or applicable laws and regulations of any jurisdiction. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific security, index, report, opinion, advice or other content. This does not exclude or restrict any duty or liability that Sterling Investments Management Ltd has to its clients under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system under the laws of applicable jurisdictions.

Sterling Investments Management Ltd, its subsidiaries, associated entities, directors, employees, representatives or suppliers will not be liable, on any grounds whatsoever, contractually or not, for any direct or indirect damage that may arise as the result of it being possible or impossible to gain access to this site, the accessing, visiting or use of this site and/or the information provided, the sending, or receiving of information via this site and/or the operation or non-operation of this site, except in the event of intentional or serious blame on its part. The information contained on this site, including any third party data is published in good faith and Sterling Investments Management Ltd believes that the information is accurate at the time of publication but no representation or warranty, express or implied, is made by Sterling Investments Management Ltd as to its accuracy or completeness and it should not be relied on as such.

Sterling Investments Management Ltd shall therefore have no liability, save for any liability that Sterling Investments Management Ltd may have under the UK Financial Services and Markets Act 2000, for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential. Nor will Sterling Investments Management Ltd, its subsidiaries, associated entities, directors, employees, representatives or suppliers be, under any circumstances, liable for any corruption of data that may occur as the result of technical problems (e.g. transmission errors, technical failures, breakdowns, intervention of third parties, etc.) and/or for any damage or loss relating to software or hardware that is the result of any virus, defect or malfunction in relation to access or use of the site.

Our website uses cookies. By continuing to use this website you agree to our cookies policy. Find out more under “Terms of Use” which you will find at the bottom of the website. Sterling Investments Management Ltd is not registered as an investment advisor with the SEC and therefore this website is neither directed at nor intended for US investors. Before you proceed kindly confirm you are not a US person.

SUBSCRIBE TO OUR NEWSLETTER

To receive Fund updates including investment philosophy of some outstanding investors such as Buffett, Lynch and Munger please submit.

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Sterling IM will use the information you provide on this form to be in touch with you and to provide updates and marketing.