Quick Stats

Bid Price - Offer Price -
Mid Price GBX 157.35 Day Change GBX -0.03 (-0.02%)
Price Date 23 Nov 2017 Crown Rating
Shares Class Inc. Yield 0.30 %
Total Expense Ratio 2.26 Fund Size 210,102,425.74
Launch Date 27/11/2009 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 1.50 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 2.26
ISIN GB00B4SH9C59 Min TopUp (£) 500.00

Fund Objective

The investment objective of the Sub-fund is to deliver a capital growth return equivalent to the Consumer Price Index plus 4% per annum net of fees over a rolling five-year period. There is no guarantee that the objective will be met or that a positive return will be delivered over any time period and capital is at risk. The Sub-fund will aim to achieve this by investing in a diversified range of asset types with emphasis on equities and other higher risk investments. The Sub-fund may invest directly and indirectly in equities, bonds, warrants, money market instruments, deposits, cash, near cash and collective investment schemes (regulated and unregulated). The Sub-fund may invest in derivatives for both investment and efficient portfolio management purposes. The Sub-fund may gain indirect exposure, through collective investment schemes and transferable securities to assets including, but not limited to, commercial property, hedge funds and commodities. The Sub-fund has no geographical restrictions.

Fund Managers

Michael Stanes
Michael has responsibility for tactical asset allocation, but also manages client portfolios and runs our Balanced Investment Strategy. Michael joined Heartwood in 2010 from Soditic CBIP LLP, a London-based privately owned fund management business where he was CEO and CIO from 2008. In 2002, he started working for Goldman Sachs Asset Management as an Executive Director, managing global equity portfolios. Michael began his career in 1986 at Mercury Asset Management (subsequently Merrill Lynch Investment Managers) as a UK equity portfolio manager. In 1994, he moved to Tokyo to lead the Japanese equity team responsible for non-Japanese institutional clients and retail funds. Subsequently, Michael moved to the US, where he built a team running global and US equity portfolios for high-net-worth private clients. Michael read law at the University of Oxford. He is a member of the Chartered Institute for Securities & Investment. He is also a non-executive director of TP Income VCT plc.