Multi-Asset Absolute Return Fund

ISIN
GB00B02W2291

NAV
GBP 144.20p
As of 10/08/20

1-Day Change
GBP 0.20p (0.14%)
As of 10/08/20


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 positive (absolute) return, regardless of market conditions, over any 12 month period. A positive return is not guaranteed over this or any other time period, and particularly over the shorter term the Fund may experience periods of negative returns. Consequently your capital is at risk.
Performance target: To outperform the UK Base Interest Rate, after the deduction of charges, over any 3 year period.

More

The Fund invests in a range of asset classes including company shares (also known as equities), bonds and other funds (collective investment schemes including exchange traded funds). The underlying investments of the collective investment schemes may include shares (equities) of companies, bonds issued by companies and governments, and alternative assets such as property, infrastructure, commodities, private equity and hedge fund type strategies.
The Fund may also invest in other transferable securities, cash and money market instruments and derivatives.
The investment manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund’s objective, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the UK Base 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 and is not constrained by a benchmark.

Less

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.

PORTFOLIO MANAGEMENT

James de Bunsen, CFA

Portfolio Manager

Industry since 2005. Joined Firm in 2013.

Pete Webster, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2009.

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
 
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
0.14% 1.63% 0.00% 3.75% -0.58%

Index Description

The Fund has no target or constraint with reference to a benchmark. Performance can be assessed by looking at the returns generated over the last 12 months and whether they are positive (more than zero).

Cumulative & Annualised Performance (%)
As of 31/07/20
A Acc (Net)
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
01/09/04
A Acc (Net) -0.14% -0.69% -0.28% 0.49% 1.05% 1.73% 2.29%

Index Description

The Fund has no target or constraint with reference to a benchmark. Performance can be assessed by looking at the returns generated over the last 12 months and whether they are positive (more than zero).

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.125%
Ongoing Charge
(As of 31/03/20)
1.52%

Portfolio

Top Holdings (As of 30/06/20)
% OF FUND
Muzinich Funds - Global Tactical Credit E GBP Acc Hdg 7.67
Muzinich Global Short Duration Investment Grade Fund Hedged GBP Acc Founder GBP 6.38
Merrill Lynch International & Co CV 6.14
Montlake Ucits Platform Icav - Crabel Gemini Ucits Fund GBP Founder A Pooled GBP 5.69
Prosper Funds Sicav - Global Macro Fund I EUR EUR 5.28
BH Macro 5.00
Brevan Howard Liquid Portfolio Strategies - Absolute Return Government Bond Fund 4.68
Majedie Tortoise Investment 4.41
Euro Stoxx 50 Dividend Points 4.35
Hicl Infrastructure Plc GBP 4.17

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.
  • 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 with the aim of reducing risk or managing the portfolio more efficiently. However this introduces other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • 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, you may wish to consult a financial adviser.
TOP