|Bid Price||GBX 101.80||Offer Price||GBX 105.80|
|Mid Price||-||Day Change||GBX 0.10 (0.00%)|
|Price Date||17 Oct 2013||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||2.05||Fund Size||356,442.70|
|Launch Date||24/07/2012||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.85||Sector||IMA UK Equity Income|
|Min Investment (£)||2,500,000.00||Total Expense Ratio (%)||2.05|
|ISIN||GB00B7FMG454||Min TopUp (£)||2,500,000.00|
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.
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. Â£135m.