Multi-Manager Managed Fund

ISIN
GB0031412744

NAV
GBP 281.80p
As of 10/07/20

1-Day Change
GBP -0.80p (-0.28%)
As of 10/07/20


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 capital growth over the long term.
Performance target: To outperform the IA Mixed Investment 40–85% Shares sector average, after 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, Exchange Traded Funds and unregulated 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, commodities, private equity and hedge funds.
The Fund may also invest in other assets including investment trusts, 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 IA Mixed Investment 40–85% Shares sector average, which is based on a peer group of broadly similar funds, as this forms the basis of the Fund’s performance target and limits the level of exposure the Fund may have to company shares. The investment manager has a high degree of freedom to choose individual investments for the Fund and to vary allocations between asset types within the constraints of the sector.

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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.

PORTFOLIO MANAGEMENT

Dean Cheeseman

Portfolio Manager

Industry since 1995. Joined Firm in 2017.

Nick Watson, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2007.

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 IA Mixed Investment 40 - 85% Shares
 
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
-1.85% 1.96% 3.65% 14.57% 2.29%
IA Mixed Investment 40 - 85% Shares 0.10% 3.71% 4.99% 16.29% 2.22%

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) forms the basis of the Fund's performance target and can be a useful performance comparison against other funds with similar aims. The sector also limits the Fund’s exposure to shares of companies (also sometimes referred to as equities) to a range of 40-85%.

Cumulative & Annualised Performance (%)
As of 30/06/20
A Acc (Net) IA Mixed Investment 40 - 85% Shares
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31/08/99
A Acc 1.74% -5.54% -1.85% 1.23% 3.98% 5.42% 4.04%
IA Mixed Investment 40 - 85% Shares 1.64% -4.13% 0.10% 2.91% 5.31% 6.65% 4.48%

Peer Group Description

The Investment Association (IA) groups funds with similar geographic and/or investment remit into sectors. The Fund's ranking within the sector (as calculated by a number of data providers) forms the basis of the Fund's performance target and can be a useful performance comparison against other funds with similar aims. The sector also limits the Fund’s exposure to shares of companies (also sometimes referred to as equities) to a range of 40-85%.

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/01/20)
2.30%

Portfolio

Top Holdings (As of 31/05/20)
% OF FUND
Findlay Park American 7.67
BlackRock European Dynamic Fund 6.43
Majedie UK Equity 5.72
CF Lindsell Train UK Equity 5.52
iShares USD Corporate Bond ETF 4.20
Janus Henderson European Growth Fund I Acc 3.93
First State Japan Equity Fund 3.91
United States Treasury Note 2.375% 2027 3.42
Legg Mason Clearbridge US Aggressive Growth Fund 3.28
Merian Investment Funds Series I - Merian Uk Alpha Fund U1 GBP Acc GBP 3.19

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 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.
  • 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.
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