|Bid Price||-||Offer Price||-|
|Mid Price||GBX 146.30||Day Change||GBX 0.00 (0.00%)|
|Price Date||20 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.15 %|
|Total Expense Ratio||0.00||Fund Size||219,000,000.00|
|Launch Date||25/06/2008||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||0.80||Sector||IMA UK Equity Income|
|Min Investment (£)||20,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B9B3CY80||Min TopUp (£)||0.00|
The objective of the Company is to focus on long-term capital preservation and appreciation by providing investors with a concentrated portfolio of international equities, bonds and/or cash. The Company will focus on a small number of diverse, good-value opportunities which have identifiable business franchises but are experiencing temporarily depressed earnings. The Company can achieve the double benefit of growing earnings and rising expectations in the market. Adhering to this method of “strategic value investing”, the Company aims to maximise long-term risk-adjusted returns. The Company may also invest in other transferable securities, collective investment schemes, warrants, money markets instruments, deposits and other permitted investments. It is the ACD’s intention that derivatives and forward transactions be used for Efficient Portfolio Management. The Company does not offer a capital guarantee or principal protection mechanism but attempts to protect investors' capital through selection of stocks trading at a significant discount to the Investment Manager’s appraisal of their fair value.
Charles L. Heenan
Charles heads our investment team and overall management of the Kennox Strategic Value Fund. He has 20 years' experience in global stock markets and over this time he has developed his own distinct value approach to global investing. In 1997 Charles joined First State Investments (then called Stewart Ivory) where he was involved in all aspects of the highly successful Asia Pacific (ex Japan) and Emerging Markets team’s investment activities. Prior to this Charles was with Brockhouse & Cooper, a consultant and broker firm based in Montreal. Charles achieved the Chartered Financial Analyst designation in 1995. Charles and Geoff launched the Strategic Value portfolio, then known as the Contrarian Global Value Fund, in July 2007.
Geoff has been running the Strategic Value Portfolio with Charles since July 2007, and is involved in all aspects of the investment process with a focus on individual stock analysis and selection. Geoff has over 10 years' experience in financial services having previously qualified as an actuary with Towers Perrin. Geoff has a first class maths and physics degree and a postgraduate masters in financial mathematics.