For individual investors in the UK

Multi-Manager Distribution Fund

ISIN
GB0002725421

NAV
GBP 138.40p
As of 06/12/2021

1-Day Change
GBP 0.30p (0.22%)
As of 06/12/2021


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 sustainable level of income with the potential for capital growth over the long term.
Performance target: To outperform the IA Mixed Investment 20–60% 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 and Exchange Traded Funds) to provide diversified 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 will invest globally while maintaining a core exposure to UK assets.
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 20–60% 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.

Tihana Ibrahimpasic, CFA

Portfolio Manager

Industry since 2011. Joined Firm in 2018.

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 30/09/2021
A Inc (Net)
 
Quarter End
As of 30/09/2021
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A Inc (Net) 9.84 -2.13 3.64 2.70 4.42

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 20-60%.

Cumulative & Annualised Performance (%)
As of 30/11/2021
A Inc (Net)
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
19/03/2001
A Inc (Net) -0.04 4.58 6.80 4.95 4.03 5.22 5.11

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 20-60%.

CALENDAR YEAR RETURNS (%)
A Inc (Net)
2016 2017 2018 2019 2020
A Inc (Net) 8.16 6.54 -5.98 12.57 1.24

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 20-60%.

FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 23/05/2021)
2.15%

Portfolio

Top Holdings (As of 31/10/2021)
% OF FUND
MI Twentyfour Investment Funds Dynamic Bond Fund 10.01
Axa US Short Duration High Yield Si Gross Inc GBP 8.65
Trojan Investment Funds - Trojan Income Fund X Inc Inc GBP 7.05
Jupiter UK Special Situations Fund 6.15
CME S&P 500 Emini Index Dec21 (17/12/2021) 6.15
BlackRock Continental European Income 6.11
Lf Gresham House Uk Multi Cap Income Fund F Sterling Inc Inc GBP 4.83
Invesco Perpetual European Equity Income 4.75
Janus Henderson Global Investment Grade Bond Fund Z1 USD 4.67
Axa Fixed Interest Investment Icvc -Axa Global Strategic Bond Fund Zi GBP Inc GB 3.98

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.
  • An issuer of a bond (or money market instrument) may become unable or unwilling to pay interest or repay capital to the Fund. If this happens or the market perceives this may happen, the value of the bond will fall.
  • When interest rates rise (or fall), the prices of different securities will be affected differently. In particular, bond values generally fall when interest rates rise. This risk is generally greater the longer the maturity of a bond investment.
  • 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.
  • Some or all of the Annual Management Charge and other costs of the Fund may be taken from capital, which may erode capital or reduce potential for capital growth.
  • 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.
  • 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.
  • 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.