The Fund’s objective is to achieve capital growth and some income (net of fees) over the longer term (i.e. 5 years or more). The Fund seeks to achieve this objective through investment in a diversified global equities portfolio. The Investment Manager follows a value investing strategy selecting companies that trade at a price that the Investment Manager considers to be less than their intrinsic value.
| Launch date | 06 December 2011 |
|---|---|
| Domicile | United Kingdom |
| Structure | UCITS |
| Base currency | GBP |
| Dealing | Daily |
| Benchmark | MSCI All Country World Value |
| Fund size | £20.8m |
| Strategy size | £20.8m |
Sam Ziff joined OP in April 2013. He was previously employed by J.P. Morgan Cazenove working in the UK Industrials Corporate Finance team for a total of 4 years. He graduated from Oxford University. He manages the global equity and global equity income portfolios, and contributes to the overall investment selection.
| Cumulative | Annualised | ||||||
|---|---|---|---|---|---|---|---|
| 1 month | YTD | 1 year | 3 years | 5 years | Launch | Launch | |
| Fund (I shares) | +2.9 | +17.7 | +14.7 | +47.0 | +65.2 | +223.8 | +8.9 |
| Benchmark | +1.1 | +8.5 | +8.9 | +25.5 | +64.0 | +255.4 | +9.7 |
| IA Global Sector | +0.3 | +5.7 | +9.6 | +29.6 | +54.8 | - | - |
| Annual performance | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Fund (I shares) | +2.1 | +20.3 | -13.4 | +15.9 | -5.6 |
| Benchmark | +10.1 | +3.4 | +6.6 | +16.8 | -2.9 |
| IA Global Sector | +21.0 | +17.3 | -8.4 | +22.9 | +12.6 |
Performance is calculated net of all fees and expenses and on a total return basis, inclusive of all distributions to unit holders. From the inception of the strategy on 06 December 2011 to 31 March 2025 the primary benchmark was the MSCI World High Dividend Yield and from the 31 March 2025 the primary benchmark was Morgan Stanley Capital International (MSCI) All Country World (ACWI) Value Index. The IA Global Sector is for comparison purposes only.
The value of all investments and the income from them can go down as well as up; this may be due, in part, to exchange rate fluctuations. Past performance is not a guide to future performance
| Consumer Discretionary | 19.6 | |
| Consumer Staples | 17.3 | |
| Energy | 12.5 | |
| Information Technology | 10.7 | |
| Industrials | 10.5 | |
| Banks | 8.9 | |
| Financial Services | 7.4 | |
| Materials | 4.0 | |
| Insurance | 3.8 | |
| Communication Services | 2.5 | |
| Cash | 2.8 |
| United Kingdom | 23.0 | |
| United States | 18.2 | |
| Netherlands | 16.8 | |
| South Korea | 11.2 | |
| Canada | 7.8 | |
| China/Hong Kong | 5.8 | |
| Sweden | 5.1 | |
| Japan | 5.0 | |
| Italy | 4.3 | |
| Cash | 2.8 |
| J D Wetherspoon | 7.5 |
| Handelsbanken | 5.1 |
| Heineken | 5.0 |
| Lear | 4.9 |
| Samsung Electronics | 4.8 |
| Pason | 4.4 |
| JDE Peet's | 4.3 |
| Brembo | 4.3 |
| BP | 4.2 |
| ArcelorMittal | 4.0 |
| Fund | Benchmark | |
|---|---|---|
| P/E ratio (fwd) | 10.8 | 15.5 |
| P/B ratio (hist) | 1.1 | 2.2 |
| Gross div. yield (fwd) | 2.9 | 2.8 |
| Active share (%)* | 96.9 |
Overstone Global All Cap Value Fund is a constituent of Oldfield Partners Global All Cap Composite.
Oldfield Partners LLP claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Oldfield Partners LLP has been independently verified for the periods 1 January 2000 to 31 December 2011 by HSBC Securities Services and from 1 January 2012 to 31 December 2023 by Ernst & Young LLP. To receive a copy of a GIPS® compliant presentation and/or a list and description of our composites, please contact us.
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