Diversified Growth Fund

An actively managed multi-asset portfolio that aims to deliver returns comparable to global equities over the medium term, but with lower volatility

ISIN
GB00B3PJPM93

NAV
GBP 68.21p
As of 25/09/20

1-Day Change
GBP -0.07p (-0.10%)
As of 25/09/20

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a return, from a combination of capital growth and income, with volatility lower than that of equity market volatility, over the long term.
Performance target: To outperform the 3 month GBP LIBOR Interest Rate by 4% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests in Collective Investment Schemes (other funds including those managed by Janus Henderson and Exchange Traded Funds) to provide diversified global exposure to a range of assets including shares (equities) of companies, bonds issued by companies and governments, and to a lesser extent, alternative assets such as property and commodities.
The Fund may also invest in other assets including shares (equities), bonds, cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the 3 month GBP LIBOR Interest Rate, as this forms the basis of the Fund’s performance target. The investment manager has complete discretion to choose investments for the Fund.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • The strategy aims to provide a low-volatility growth engine for client portfolios with a particular focus on capital preservation
  • Flexible approach gives investors exposure to a diverse array of potential return drivers
  • The team has a successful long-term track record of dynamic asset allocation, efficient portfolio construction, and cost-effective implementation
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Nick Harper, CFA

Portfolio Manager  

Industry since 2010. Joined Firm in 2014.

Oliver Blackbourn, CFA

Portfolio Manager

Industry since 2009. Joined Firm in 2017.

Paul O’Connor

Head of Multi-Asset | Portfolio Manager

Industry since 1995. Joined Firm in 2013.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 30/06/20
A Acc 3 month GBP LIBOR Interest Rate + 4%
 
Quarter End
As of 30/06/20
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
3.51% 3.03% 2.91% 7.96% 0.71%
3 month GBP LIBOR Interest Rate + 4% 4.77% 4.82% 4.45% 4.41% 4.61%

Index Description

3 Month GBP LIBOR is the interest rate at which a selection of banks in London will lend pounds sterling to one another for three months. It forms the basis for the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

Cumulative & Annualised Performance (%)
As of 31/08/20
A Acc (Net) 3 month GBP LIBOR Interest Rate + 4%
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
06/04/11
A Acc (Net) 1.52% 2.56% 3.52% 3.12% 4.34% - 3.36%
3 month GBP LIBOR Interest Rate + 4% 0.35% 3.03% 4.66% 4.67% 4.60% - 4.64%

Index Description

3 Month GBP LIBOR is the interest rate at which a selection of banks in London will lend pounds sterling to one another for three months. It forms the basis for the Fund's performance target and provides a useful comparison against which the Fund's performance can be assessed over time.

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/01/20)
1.83%

Portfolio

Top Holdings (As of 31/08/20)
% OF FUND
FTSE 100 Index 7.27
iShares USD Corporate Bond ETF 6.51
MSCI Emerging Markets Index 5.21
United States Treasury Inflation Indexed Bonds 0.875% 2029 5.13
iShares Physical Gold ETC 4.76
Janus Henderson Global Investment Grade Bond Fund Z1 USD 4.61
Barings Emerging Markets Sovereign Debt Fund A USD Accum USD 4.35
First State Japan Equity Fund 4.13
Tokyo Stock Exchange Tokyo Price Index Topix 3.98
First State Investments Icvc- Stewart Investors Asia Pacific Sustainability Fund 3.77

Documents

  • ​The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • ​Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • The Fund invests in other funds (including exchange traded funds and investment trusts/companies), which may introduce more risky assets, derivative usage and other risks, as well as contributing to a higher level of ongoing charges.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Fund.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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