|Bid Price||GBX 257.78||Offer Price||GBX 261.85|
|Mid Price||-||Day Change||GBX +0.02 (0.01%)|
|Price Date||19 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.60 %|
|Total Expense Ratio||1.14||Fund Size||115,072,914.00|
|Launch Date||19/11/1996||Standard Initial Charge (%)||5.25|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||1.14|
|ISIN||GB00B6R1VR15||Min TopUp (£)||50,000.00|
The objective of the Fund is to achieve long-term capital growth through investing principally in investment trusts and other closed-end investment companies listed on the London Stock Exchange. The Fund's investment policy is to achieve the objective via a concentrated portfolio, which seeks to exploit anomalies within the sector, with reference to discounts, management capabilities, corporate action and capital structure.
Richard joined Jupiter in 2006 and is a fund manager in the UK Growth team. He manages the Jupiter Fund of Investment Trusts, the Jupiter Monthly Income Fund and the Jupiter UK Alpha Fund (all Unit Trusts). Before joining Jupiter, Richard worked originally for Morgan Grenfell as manager of the UK Pensions and Income Funds, prior to its acquisition by Deutsche Bank where he was appointed managing director and head of Small Caps. In this position, held for more than 10 years, Richard was responsible for managing the UK and European Small Cap team and running Small Cap equity mandates. Between 1996 and 2003, he was also head of Global Small Caps and responsible for the Global/EAFE Small Cap product. Richard has a degree from Edinburgh University and is an Associate of the Society of Investment Analysts.