Meon Capital Management

IFSL Meon Adaptive Growth Fund P GBP Inc

30 September 2026​

Key Facts

Benchmark

IA Sector Global

Fund Manager

Robert Hale

Launch Date

04.04.22

Price

160.94p

SEDOL

BMQ8V64

Charges

Ongoing charge 0.80%

Objectives

The aim of the Fund is to grow the value of your investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, with the potential for income received by the Fund, which is money paid out of investments, such as dividends from shares.

Investment Policy

In normal market conditions, at least 80% of the Fund will be invested in the shares of large-cap companies listed on any UK, USA and European stock markets. The Investment Manager defines large-cap companies as those with a value over £1bn in the UK, $4bn in the USA and €2.5bn in Europe. The Fund may also invest in Exchange Traded Products (“ETPs”), such as exchange traded funds (“ETFs”), which can give exposure to company shares, bonds (which are loans typically issued by companies and governments) and/or commodities (such as precious metals). Exposure to ETPs is not expected to be a significant part of the Fund in normal market conditions, less than 20%, and they may not always be held. The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell and when. The Fund’s adaptive nature allows it to react to changes in stock market conditions with the aim of achieving the growth objective. The Fund will have no minimum or maximum exposure to any geographic location. In normal market conditions, the Fund may hold up to 20% in cash to enable the ready settlement of liabilities (including redemptions), for the efficient management of the Fund and in pursuit of the Fund’s objectives. In extreme market conditions, such as a stock market crash, the Investment Manager may reduce the Fund’s investment in company shares to below 80%. When this occurs, the Fund may increase the holding in ETPs above 20% and may also have exposure to money market instruments (short term loans), money market funds, cash and near cash instruments. In the most extreme situations, the Fund may reduce exposure to company shares to 0%, although this is considered unlikely.

Performance

Name
3 Month %
1 Year %
3 Year %
Since Inception

IFSL Meon Adaptive Growth Fund P GBP Acc

-5.14​

6.29​

65.19​

60.22​

IA Sector Global

0.41

13.08

47.41

44.44

Investment Strategy

The Investment Manager utilises computer modelling to assess numerous financial measures of the companies within the scope of the Fund’s investment policy. Companies which meet the majority of these measures, along with large and highly liquid ETPs, are then subjected to additional computer modelling to identify trends in company / ETP share prices in order to automatically identify opportunities for buying and selling. Where the computer model identifies a company or ETP for inclusion within the Fund, its initial weighting is determined by its market risk: higher risk companies are given a lower weighting whilst lower risk companies are given a higher weighting. Where the computer model identifies more companies thaan the Fund can accommodate, the companies are ranked based upon their financial metrics with the highest ranked companies being added to the Fund. The Investment Manager reserves the right to use their judgement to override the output of the computer model, should the Investment Manager believe there are considerations outside of the measures considered by the model, that should influence investment decisions. However, instances of this are expected to be infrequent. Where the computer model does not identify enough companies or ETPs for inclusion in the Fund, the Investment Manager will invest in cash-based products until enough companies or ETPs are identified for inclusion.

 

Portfolio Holdings (%)

Cash
6.60%
Indra Sistemas SA
3.87%
Johnson & Johnson Com Stk USD1.00
3.80%
Investor AB Ser A Npv
3.30%
Banca Mediolanum SpA Banks NPV
3.08%
WW Grainger Inc
2.80%
UniCredit SpA
2.78%
Howmet Aerospace I Com Usd0.01
2.55%
Diploma Plc Ord 5p
2.53%
Standard Chartered Plc Ord US$0.50
2.47%
Euronext NV
2.46%
Cisco Systems Inc Com USD0.001
2.40%
Suncor Energy Inc Com Npv New
2.39%
API Group Corp Com Usd0.0001
2.30%
Alphabet Inc Cap USD0.001 CL A
2.22%
Tele2 AB Ser B NPV
2.22%
First Cash Holdings Com $0.01
2.19%
Tenaris SA USD 1
2.15%
Parker-Hannifin Corp $0.5
2.14%
Fifth Third Bancorp Com Npv
2.04%
United Theraputics Com Usd 0.01
2.03%
East West Bancorp Com Usd 0.001
2.00%
International Consolidated Airlines Euro 0.50
1.99%
Eli Lilly & Co Com Stk NPV
1.90%
Accelleron Industries AG Ind Engineering CHF0.01
1.89%
Steel Dynamics Inc Com Stk Usd0.01
1.89%
Barclays Plc Ord 25p
1.83%
ACS Actividades Cons Y Serv Euro 0.50
1.80%
General Motors Co Com USD 0.01
1.69%
Littelfuse Inc Com Usd0.01
1.66%
TechnipFMC Plc Ord
1.65%
Texas Instruments Com USD1.00
1.63%
Storebrand Asa
1.60%
Darling Ingredients Inc $0.01
1.58%
Aurubis Ag Npv
1.55%
Delta Airlines Inc $0.0001
1.51%
Wartsila Oyj Abp Npv
1.50%
Analog Devices Inc Com Usd0.16 2/3
1.44%
TFI International Inc
1.38%
Advanced Energy Industries Inc $0.001
1.27%
Perimeter Solutions SA $0.0001
1.25%
Prysmian SpA Npv
1.25%
IAMGold Corp
1.14%
Ciena Corp $0.01
1.00%
Bankinter SA
0.91%
Sterling Construction Company $0.01
0.89%
Spyre Therapeutics Inc Com Usd 0.0001
0.81%
Globe Life Inc Com Usd 1.00
0.78%
Cardinal Health Com NPV
0.57%
EchoStar Corp $0.001
0.55%
M&G Plc Ord 5p
0.32%
Protagonist Therapeutics Inc $0.00001
0.26%
Amundi Eur2.5
0.11%
Intercontinental Hotels Group Plc Ord 20 340/399p
0.08%

Global Breakdown (%)

North America
53.71%
Europe
30.47%
UK Equity
9.22%
Cash
6.60%

“Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting funds”.