Quick Stats

Bid Price - Offer Price -
Mid Price GBX 388.10 Day Change GBX -2.10 (-0.54%)
Price Date 23 May 2018 Crown Rating 3
Shares Class Inc. Yield 2.20 %
Total Expense Ratio 0.00 Fund Size 460,634,151.34
Launch Date 02/01/1996 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.00 Sector UK All Companies
Min Investment (£) 500.00 Total Expense Ratio (%) 0.00
ISIN GB00B913BT67 Min TopUp (£) 100.00

Fund Objective

The objective of this fund is to provide growth by investing predominantly in shares of UK companies.The fund currently has a target to outperform the benchmark (‘The FTSE All-Share Index’) by 1.25% per annum before charges, measured over rolling three year periods.UK Select Equity is managed actively, but with reference to the benchmark. The fund aims to outperform the benchmark by taking active positions. The risk of those active positions is constrained such that the tracking error against the benchmark aims to stay within a range of 1.5% to 4.5%. The fund is also constrained so it can deviate from the benchmark by no more than 5% for any individual company and 6% for any industry sector. Typically the fund will have a concentrated portfolio of 45-65 companies.The fund invests at least 80% of its assets in a broad range of shares of UK companies. These are companies that are incorporated or headquartered or which have their principal business activities in the UK. The fund may also invest in other investment funds and hold shares in other UK listed companies.The fund may use derivatives (contracts which have a value linked to the price of another asset) to: • reduce risk or cost; or • generate additional capital or income with no, or an acceptably low, level of risk.The fund may also invest in cash or deposits.

Fund Managers

Alex Breese
Alex Breese Joined Schroders in July 2013 to take over management of the Schroder UK Equity Fund, Schroder ISF UK Equity and L&G UK Select Equity Fund. Joined Neptune in May 2005 as an Investment Analyst and became Fund Manager of the Neptune UK Special Situations Fund at the end of 2006, and Assistant Fund Manager on the Neptune Income Fund and the Neptune Quarterly Income Fund. Head of UK Equities at Neptune and an Investment Director. Prior to joining Neptune, Alex gained nearly three years’ experience as an engineering consultant.