Quick Stats

Bid Price GBX 102.00 Offer Price GBX 108.60
Mid Price - Day Change GBX 0.00 (0.00%)
Price Date 17 Oct 2013 Crown Rating
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 2.80 Fund Size 356,442.70
Launch Date 24/07/2012 Standard Initial Charge (%) 3.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.60 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 2.80
ISIN GB00B51VNF29 Min TopUp (£) 500.00

Fund Objective

The Fund invests in private rented sector housing across the UK and aims to outperform the capital benchmark, LSL Acadametrics House Price Index, plus providing an additional income return. The property investment manager, Hearthstone Asset Management, uses quantitative asset allocation methods and qualitative regional stock selection to build a portfolio of assets reflecting the distribution of UK housing stock. These properties are let under assured shorthold tenancy agreements and corporate lets. Investment returns comprise capital growth and rental income.

Fund Managers

David Gibbins
David was previously a fund manager at Morley Fund Management (now AVIVA Investors) and Goodman Property Investors. David has specialised in UK residential property for more than 20 years, and has previously been responsible for residential portfolios of approx. £135m.