For individual investors in the UK

Multi-Manager Active Fund

ISIN
GB0031413593

NAV
GBP 252.70p
As of 25/11/2022

1-Day Change
GBP 0.60p (0.24%)
As of 25/11/2022


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 Flexible Investment 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 directly in other assets including developed market government bonds, 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 Flexible Investment sector average, which is based on a peer group of broadly similar funds, 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.

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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 a Marketing Communication and does not qualify as an investment recommendation.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

RATINGS AND AWARDS

FUND RISK PROFILED - 06
Rating-Ranges

PORTFOLIO MANAGEMENT

Paul O’Connor

Head of Multi-Asset | Portfolio Manager

Industry since 1995. Joined Firm in 2013.

Tihana Ibrahimpasic, CFA

Portfolio Manager

Industry since 2011. Joined Firm in 2018.

Performance

Past performance does not predict future returns. 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 30/09/2022
A Acc (Net)
 
Quarter End
As of 30/09/2022
Sep-2021 - Sep-2022 Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018
A Acc (Net) -10.16 16.24 -0.64 0.99 5.62

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.

Cumulative & Annualised Performance (%)
As of 31/10/2022
A Acc (Net)
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
28/06/1996
A Acc (Net) 0.37 -12.04 -10.35 1.55 1.62 6.27 6.44

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.

Calendar Year Returns (%)
As of 31/12/2021
A Acc (Net)
2021 2020 2019 2018 2017
A Acc (Net) 11.44 3.63 13.78 -7.31 11.05

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.

Calendar Year Returns (%)
Year A Acc (Net) Index
2021 11.44 0.00
2020 3.63 0.00
2019 13.78 0.00
2018 -7.31 0.00
2017 11.05 0.00
2016 16.72 0.00
2015 2.76 0.00
2014 2.77 0.00
2013 21.45 0.00
2012 8.59 0.00
2011 -17.18 0.00
2010 16.76 0.00
2009 26.68 0.00
2008 -34.17 0.00
2007 11.91 0.00
2006 12.15 0.00
2005 31.90 0.00
2004 11.03 0.00
2003 32.83 0.00
2002 -18.44 0.00
2001 -10.39 0.00
2000 6.04 0.00
1999 48.80 0.00
1998 4.73 0.00
1997 9.64 0.00
1996 from 1996-06-28 2.68 0.00
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/07/2022)
2.05%

Portfolio

Top Holdings (As of 31/10/2022)
% OF FUND
CF Lindsell Train UK Equity 8.27
Dodge & Cox Worldwide Funds Plc - U.S. Stock Fund USD Acc USD 7.10
Nomura Funds Ireland - Asia Ex Japan High Conviction Fund Class I US$ USD 5.60
BlackRock European Dynamic Fund 5.24
Gqg Partners US Equity Fund Q USD Acc USD 4.99
CME S&P 500 Emini Index Dec22 (16/12/2022) 4.95
Ice FTSE 100 Index Dec22 (16/12/2022) 4.48
CME Nasdaq 100 E-Mini Dec22 (16/12/2022) 4.14
First State Japan Equity Fund 4.09
Lf Gresham House Uk Multi Cap Income Fund F Sterling Inc Inc GBP 3.58

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 does not predict future returns
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units 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/unit 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 the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • 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.
  • 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.
  • If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially.