Old Mutual Multimanager Trust

Old Mutual MultiManager Trust Annual Report and Financial Statements For the year ended 30 September 2017 Old Mutual MultiManager Trust Contents Page Trust Information 4 Report of the Manager 6 Manager's report 7 Cross Holdings 7 Statement of the Manager's responsibilities 8 Statement of the Trustee's responsibilities 9 Report of the Trustee to the Unitholders of the Old Mutual MultiManager Trust 9 Independent Auditor's Report to the Unitholders of the Old Mutual MultiManager Trust ("the Trust") 10 Old Mutual Artemis Income Fund 12 Investment manager's review 12 Performance record 13 Portfolio statement 16 Statement of total return 20 Statement of change in net assets attributable to unitholders 20 Balance sheet 21 Notes to the financial statements 22 Distribution table 31 Old Mutual Artemis UK Special Situations Fund 32 Investment manager's review 32 Performance record 33 Portfolio statement 35 Statement of total return 39 Statement of change in net assets attributable to unitholders 39 Balance sheet 40 Notes to the financial statements 41 Distribution table 49 Old Mutual Equity 1 Fund 50 Investment manager's review 50 Performance record 51 Portfolio statement 53 Statement of total return 56 Statement of change in net assets attributable to unitholders 56 Balance sheet 57 Notes to the financial statements 58 Distribution table 65 Old Mutual Equity 2 Fund 66 Investment manager's review 66 Performance record 67 Portfolio statement 69 Statement of total return 73 Statement of change in net assets attributable to unitholders 73 Balance sheet 74 Notes to the financial statements 75 Distribution table 83 Old Mutual Ethical Fund 84 Investment manager's review 84 Performance record 85 Portfolio statement 87 Statement of total return 90 Statement of change in net assets attributable to unitholders 90 Balance sheet 91 Notes to the financial statements 92 Distribution table 100 Old Mutual Newton UK Income Fund 101 Investment manager's review 101 Performance record 102 Portfolio statement 105 Statement of total return 108 Statement of change in net assets attributable to unitholders 108 Balance sheet 109 Notes to the financial statements 110 Distribution table 118 Old Mutual MultiManager Trust Contents (continued) Page Old Mutual Newton UK Opportunities Fund 120 Investment manager's review 120 Performance record 121 Portfolio statement 124 Statement of total return 127 Statement of change in net assets attributable to unitholders 127 Balance sheet 128 Notes to the financial statements 129 Distribution table 137 Old Mutual UK Alpha Fund 138 Investment manager's review 138 Performance record 139 Portfolio statement 145 Statement of total return 148 Statement of change in net assets attributable to unitholders 148 Balance sheet 149 Notes to the financial statements 150 Distribution table 158 Old Mutual UK Index Fund 160 Investment manager's review 160 Performance record 161 Portfolio statement 165 Statement of total return 181 Statement of change in net assets attributable to unitholders 181 Balance sheet 182 Notes to the financial statements 183 Distribution table 191 Old Mutual Woodford Equity Income Fund 192 Investment manager's review 192 Performance record 193 Portfolio statement 196 Statement of total return 199 Statement of change in net assets attributable to unitholders 199 Balance sheet 200 Notes to the financial statements 201 Distribution table 209 Old Mutual MultiManager Trust 211 Accounting Policies 211 Old Mutual MultiManager Trust Trust Information Manager Directors of the Manager Old Mutual Investment Management Limited M Dean Millennium Bridge House J Brescia 2 Lambeth Hill P Simpson London EC4V 4AJ Authorised and regulated by the Financial Conduct Authority. Investment Manager Old Mutual Global Investors (UK) Limited Millennium Bridge House 2 Lambeth Hill London EC4P 4WR Authorised and regulated by the Financial Conduct Authority. Trustee Citibank Europe plc, UK Branch Citigroup Centre Canada Square, Canary Wharf London E14 5LB Authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Legal Adviser Macfarlanes LLP 20 Cursitor Street London EC4A 1LT Auditor KPMG LLP Saltire Court 20 Castle Terrace Edinburgh EH1 2EG Administrator Citibank Europe plc 1, North Wall Quay Dublin 1 Ireland Authorised by the Central Bank of Ireland (Central Bank) under the Investment Intermediaries Act 1995. Registrar DST Financial Services International Ltd (formerly International Financial Data Services) DST House Saint Nicholas Lane Basildon Essex SS15 5FS (The register of shareholders can be inspected at the above address) 4 Old Mutual MultiManager Trust Old Mutual MultiManager Trust Trust Information (continued) Investment Adviser Old Mutual Artemis Income Fund: Old Mutual UK Alpha Fund: Artemis Investment Management LLP Old Mutual Global Investors (UK) Limited Cassini House Millennium Bridge House 57 St James’s Street 2 Lambeth Hill London London SW1A 1LD EC4P 4WR Authorised and regulated by the Financial Conduct Authority. Authorised and regulated by the Financial Conduct Authority. Old Mutual Artemis UK Special Situations Fund: Old Mutual UK Index Fund: Artemis Investment Management LLP BlackRock Advisors (UK) Limited Cassini House 12 Throgmorton Avenue 57 St James’s Street London London EC2N 2DL SW1A 1LD Authorised and regulated by the Financial Conduct Authority. Authorised and regulated by the Financial Conduct Authority. Old Mutual Woodford Equity Income Fund: Old Mutual Equity 1 Fund: Woodford Investment Management Limited Old Mutual Global Investors (UK) Limited 9400 Garsington Road Millennium Bridge House Oxford Business Park 2 Lambeth Hill Oxford London OX4 2HN EC4P 4WR Authorised and regulated by the Financial Conduct Authority. Authorised and regulated by the Financial Conduct Authority. Old Mutual Equity 2 Fund: Investec Asset Management Limited 2 Gresham Street London EC2V 7QA Authorised and regulated by the Financial Conduct Authority. Old Mutual Ethical Fund: Quilter Cheviot Limited One Kingsway London WC2B 6AN Authorised and regulated by the Financial Conduct Authority. Old Mutual Newton UK Income Fund: Newton Investment Management Limited (sub-adviser) BNY Mellon Centre 160 Queen Victoria Street: London EC4V 4LA Authorised and regulated by the Financial Conduct Authority. From 8 May 2017 Old Mutual Newton UK Opportunities Fund (formerly Old Mutual BlackRock UK Special Situations Fund): Newton Investment Management Limited (sub-adviser) BNY Mellon Centre 160 Queen Victoria Street London EC4V 4LA Authorised and regulated by the Financial Conduct Authority. To 8 May 2017 Old Mutual BlackRock UK Special Situations Fund: BlackRock Advisors (UK) Limited 12 Throgmorton Avenue London EC2N 2DL Authorised and regulated by the Financial Conduct Authority. Old Mutual Investment Management Limited, a member of the Old Mutual Group of companies, is authorised and regulated by the Financial Conduct Authority. FCA Register number 208543. Registered Office: Millennium Bridge House, 2 Lambeth Hill, London, EC4V 4AJ, United Kingdom. Registered Number: 4227837 England. www.omglobalinvestors.com 5 Old Mutual MultiManager Trust Old Mutual MultiManager Trust Manager's report The purpose of this report is to provide details of the progress of the Trust, and its sub-funds contained within. The report provides details of the performance and the portfolio of each of the sub-funds. Net asset value of sub-funds 30 September 2017 30 September 2016 Net asset Units Net asset Net asset Units Net asset value of in value per value of in value per sub-fund issue unit sub-fund issue unit Old Mutual Artemis Income Fund - Income 'A' £66,195,389 54,975,540 120.41p £72,037,989 63,785,959 112.94p - Accumulation 'U2' £122,864,822 94,845,806 129.54p £126,698,844 109,331,501 115.89p - Income 'U2' £138,884 120,537 115.22p £138,844 129,582 107.15p Old Mutual Artemis UK Special Situations Fund - Accumulation 'A' £21,034,142 15,111,747 139.19p £24,534,763 18,755,005 130.82p - Accumulation 'U2' £75,023,132 64,317,067 116.65p £65,493,956 60,280,618 108.65p Old Mutual Equity 1 Fund - Accumulation 'A' £128,857,435 77,715,088 165.81p £123,044,964 95,697,248 128.58p Old Mutual Equity 2 Fund - Accumulation 'A' £116,547,636 74,274,796 156.91p £92,618,108 69,044,814 134.14p Old Mutual Ethical Fund - Accumulation 'A' £73,182,949 63,104,434 115.97p £72,616,877 68,803,052 105.54p - Accumulation 'R' £53,572,768 44,953,045 119.17p £32,898,422 30,558,342 107.66p Old Mutual Newton UK Income Fund - Income 'A' £25,737,725 22,191,158 115.98p £30,122,092 25,225,213 119.41p - Accumulation 'U2' £46,027 34,729 132.53p £23,538 18,111 129.96p - Income 'U2' £49 43 115.06p £130 110 117.80p Old Mutual Newton UK Opportunities Fund (formerly Old Mutual BlackRock UK Special Situations Fund) - Accumulation 'A' £42,748,374 31,938,163 133.85p £44,687,737 37,480,580 119.23p - Accumulation 'U2' £96,552,404 79,262,701 121.81p £42,326 38,844 108.96p - Income 'U2' £2,032 1,581 128.52p £4,339 3,747 115.81p Old Mutual UK Alpha Fund - Accumulation 'A' £83,510,426 63,674,436 131.15p £91,558,014 80,346,803 113.95p - Income 'A' £5,220,449 4,410,009 118.38p £5,556,826 5,235,725 106.13p - Accumulation 'R' £436,604,231 279,941,044 155.96p £450,791,186 335,160,960 134.50p - Income 'R' £24,612,558 20,048,841 122.76p £26,514,160 24,271,004 109.24p - Accumulation 'U1' £600,709,980 433,915,116 138.44p £572,622,275 479,987,018 119.30p - Income 'U1' £398,631,340 331,915,755 120.10p £371,631,553

Load more