|Bid Price||-||Offer Price||-|
|Mid Price||GBX 217.00||Day Change||GBX +0.90 (0.42%)|
|Price Date||20 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.34 %|
|Total Expense Ratio||0.35||Fund Size||391,429,755.21|
|Launch Date||26/03/1999||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.35||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.35|
|ISIN||GB0006069479||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 joined Santander Asset Management in 2011 running the Global Multi Asset Solutions team. Tom holds a BA (Hons) degree in Accounting and Finance.
Toby joined Santander Asset Management in 2011 as Head of Fund Management within the Global Multi Asset Solutions team. He holds a BA (Hons) in Economics and Management Studies and is a CFA charterholder.