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Morningstar Report Report as of 30 Sep 2021 VT Gravis Real Assets ICVC - VT Gravis UK Listed Property PAIF Fund A GBP Income Morningstar® Category Morningstar® Benchmark Fund Benchmark Morningstar Rating™ Property - Indirect Other Not Categorized Not Benchmarked Not Rated Used throughout report Investment Objective Performance It is intended that the Fund will be a PAIF at all times, and, 139 as such, its investment objective is to carry on Property 126 Investment Business and to manage cash raised from 113 investors for investment in the Property Investment 100 Business. In so doing the objective of the Fund is to provide 87 some capital growth through market cycles (7 years) whilst 74 delivering a periodic income. 2016 2017 2018 2019 2020 2021-08 - - - - -5.43 26.94 Fund Risk Measures Trailing Returns % Fund Quarterly Returns % Q1 Q2 Q3 Q4 3Y Alpha - 3Y Sharpe Ratio - 3 Months 8.18 2021 2.59 9.19 - - 3Y Beta - 3Y Std Dev - 6 Months 18.45 2020 -19.59 9.13 -0.81 8.66 3Y R-Squared - 3Y Risk - 1 Year 30.84 2019 - - - - 3Y Info Ratio - 5Y Risk - 3 Years Annualised - 2018 - - - - 3Y Tracking Error - 10Y Risk - 5 Years Annualised - 2017 - - - - 10 Years Annualised - Data as of 29/09/2021 Portfolio 30 Jun 2021 Asset Allocation % Net Equity Style Box™ Mkt Cap % Fund America Europe Asia Large Size Stocks 64.16 Giant 0.00 Bonds 0.00 Mid Large 13.65 Cash 3.56 Medium 63.76 Other 32.29 Small Small 22.59 Value Blend Growth Micro 0.00 Style Average Mkt Cap (Mil) Fund Ave Mkt Cap GBP 2,293.23 <25 25-50 50-75 >75 Top Holdings Stock Sector Weightings % Fund World Regions % Fund Holding Name Sector % hCyclical 100.00 Americas 0.00 Segro PLC u 8.76 rBasic Materials - United States 0.00 Tritax Big Box Ord - 7.46 tConsumer Cyclical 4.04 Canada 0.00 UNITE Group PLC u 6.70 yFinancial Services - Latin America 0.00 Grainger PLC 6.54 Real Estate 95.96 u u Greater Europe 100.00 Assura PLC u 5.66 jSensitive 0.00 United Kingdom 100.00 Safestore Holdings PLC... u 5.24 iCommunication Services - Eurozone 0.00 Big Yellow Group PLC u 5.09 oEnergy - Europe - ex Euro 0.00 Warehouse REIT Ord - 5.08 pIndustrials - Europe - Emerging 0.00 LondonMetric Property PLC u 4.97 aTechnology - Africa 0.00 Urban Logistics REIT Ord - 4.85 Middle East 0.00 kDefensive 0.00 Assets in Top 10 Holdings % 60.37 sConsumer Defensive - Greater Asia 0.00 Total Number of Equity Holdings 14 dHealthcare - Japan 0.00 Total Number of Bond Holdings 0 fUtilities - Australasia 0.00 Asia - Developed 0.00 Asia - Emerging 0.00 © 2021 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up. Page 1 of 2 Report as of 30 Sep 2021 VT Gravis UK Listed Prpty PAIF A GBP Inc Operations Fund Company Valu-Trac Investment Share Class Size (mil) 11.38 GBP Minimum Initial Purchase 100 GBP Management Limited (30/09/2021) Minimum Additional Purchase 100 GBP Phone 01343 880344 Domicile United Kingdom Total Expense Ratio - Website www.valu-trac.com Currency GBP Ongoing Charge 0.70% Inception Date 31 Oct 2019 UCITS No Performance Fee - Manager Name - Inc/Acc Inc Manager Start Date 31 Oct 2019 ISIN GB00BK8VW532 NAV (29/09/2021) GBP 1.16 Total Net Assets (mil) (30 52.59 GBP Jun 2021) © 2021 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up. Page 2 of 2.
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