Quick Stats

Bid Price - Offer Price -
Mid Price GBX 136.70 Day Change GBX 0.00 (0.00%)
Price Date 16 Nov 2017 Crown Rating
Shares Class Inc. Yield 1.22 %
Total Expense Ratio 1.73 Fund Size 54,786,100.00
Launch Date 25/07/2012 Standard Initial Charge (%) 1.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 1.73
ISIN GB00B54N2C52 Min TopUp (£) 100,000.00

Fund Objective

The Fund invests in private rented sector housing across the mainland UK regions and aims to capture UK house price growth plus provide an element of 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 mainland housing stock. These properties are let under assured shorthold tenancy agreements (AST's) and corporate lets.Investment returns comprise capital growth and rental income.

Fund Managers

Alan Collett
Alan is a Past President of the Royal Institution of Chartered Surveyors, and brings a lifetime of experience of residential investment and development to Hearthstone. An experienced Chartered Surveyor and former Senior Partner of Allsop & Co, he has worked in all aspects of the acquisition, development, management and sale of residential and mixed use property. Alan is a member of the NHBC Council, past Chairman of the Residential Committee of the British Property Federation, and an Honorary Fellow of the University College of Estate Management. He also serves as Deputy Chairman at Hyde Housing Group, a large housing association owning and managing nearly 50,000 homes, where he is also Chairman of the Investment Committee.
Mark Drysdale
Mark is an experienced Fund Manager, Asset Manager and Chartered Surveyor. He has a proven track record of success across deal origination and execution, intensive asset management, capital raising and fund structuring. He was previously Investment Associate at RPS Capital Partners; leading and formulating the fund’s strategic aims, and asset managing existing investments. Prior to this Mark was a Senior Surveyor at DTZ, providing strategic advice and undertaking investment transactions of residential land and portfolios within central London. Mark gained an MSc in Real Estate Finance from Heriot Watt University, Edinburgh.