|Bid Price||-||Offer Price||-|
|Mid Price||GBX 117.10||Day Change||GBX -1.30 (-1.10%)|
|Price Date||16 Jul 2018||Crown Rating|
|Shares Class||Inc.||Yield||2.48 %|
|Total Expense Ratio||0.00||Fund Size||421,135,231.10|
|Launch Date||26/03/1999||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.50||Sector||UK All Companies|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B737CQ63||Min TopUp (£)||250.00|
The objective of the Scheme is to match closely the performance of the Financial Times Stock Exchange (FTSE) 100 Share Index after allowing for charges. It is intended that the investment objective will normally be achieved by use of a full replication methodology although from time to time the Scheme may adopt a partial replication methodology. This process will involve investing in instruments relating to index components, though not necessarily in the same proportions as the index at all times. Consequently the Scheme may not track the representative index exactly but will contain a meaningful exposure to the market. Stock index futures may also be used to manage the cash proportion of the Scheme. It is intended that the Scheme will normally be close to fully invested in either stocks or other financial futures as outlined above, unless the representative index assumes otherwise for example with nil paid or part paid issues. A number of factors lead to the risk that the performance of the Scheme may deviate from that of the Benchmark Index. These are described below (under Anticipated Tracking Error) and, with regard to the use of derivatives, in Appendix 2, section 7 of the prospectus.
Tom Caddick, Head of Global Multi-Asset Solutions, joined Santander Asset Management in early 2011 and has overall departmental responsibility, heading a team of over 20 investment professionals across four locations. Tom has worked in investment management since 1998 and was previously Head of Multi Manager and Fund Selection at LV=Asset Management. Before joining LV, Tom was a Fund Manager at F&C Asset Management. Tom holds a BA (Hons) degree in Accounting and Finance.
Toby Vaughan joined Santander Asset Management in January 2011 and is the Head of the Fund Management within the Global Multi Asset Solutions department. Toby has worked in fund management since 2001, focusing on the design and development of the investment process and the management of multi asset portfolios for varying client types and jurisdictions. Before joining Santander AM, Toby was a Senior Portfolio Manager at LV=Asset Management, and previously at F&C Asset Management as a Director of Asset Allocation. He holds a BA (Hons) in Economics & Management Studies and is a CFA charterholder