Quick Stats

Bid Price - Offer Price -
Mid Price GBX 114.62 Day Change GBX -0.27 (-0.24%)
Price Date 27 Jun 2017 Crown Rating 2
Shares Class Inc. Yield 4.73 %
Total Expense Ratio 1.35 Fund Size 104,748,301.86
Launch Date 08/04/2002 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 1.35
ISIN GB00B7JTF560 Min TopUp (£) 10,000.00

Fund Objective

The investment objective is to provide a high level of growing income by investing in a balanced and well diversified portfolio of UK and International equities, fixed interest securities including government and corporate bonds. Investments will also be made in regulated collective investment schemes, money markets and cash deposits to provide further diversification to the Fund in accordance with applicable regulations.

Fund Managers

Alan Borrows
Alan began his investment career as an Investment Assistant at Merseyside County Council in 1980, rising to the position of Senior Investment Manager in 1987. In addition to managing traditional assets, Alan led the introduction of a wide range of alternative asset classes into The Merseyside Pension Fund. He was responsible for the Team’s first hedge fund investments in the early 1990s and for the introduction of structured products. Alan was also involved in the development of the private equity programme at Merseyside Pension Fund. Alan jointly founded Seneca Investment Managers Limited (originally Midas Capital Partners Limited) in 2002. Alan has been Lead Fund Manager on the CF Seneca Diversified Income Fund since launch in 2002. Alan is also the Lead Fund Manager of the Seneca Global Income & Growth Trust plc (formerly known as Midas Income & Growth Trust plc).
Richard Parfect
Richard commenced his investment career with Rathbone Neilson Cobbold in 1996 in the UK equity research department. On attaining his Securities Institute Diploma, he moved into institutional fund management with the Merseyside Pension Fund (MPF), focussing primarily on equities. In 2002 Richard was one of the founding members of Seneca Investment Managers Limited (originally Midas Capital Partners Limited). On 1 July 2010 he was appointed Co-Fund Manager of the CF Seneca Diversified Income Fund. Richard is a Fellow of the Chartered Institute for Securities & Investments.