Architas Birthstar TD 2031 35 R Acc
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 127.70||Day Change||GBX -0.30 (-0.23%)|
|Price Date||28 Apr 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.04 %|
|Total Expense Ratio||0.00||Fund Size||450,900.00|
|Launch Date||11/11/2014||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.55||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BP8Y5255||Min TopUp (£)||200.00|
The Fund seeks to achieve capital growth and, gradually over time, to reduce the risk of capital erosion for investors planning to withdraw all or substantial portions of their investment in the Fund during or after the Target Date Range (which is 2031-35). The Fund is mainly invested in units of other collective investment schemes, including schemes managed by firms in the AXA Group. The collective investment schemes that the Fund invests in will predominantly be of a passive nature, meaning collective investment schemes that track investment indices. The Fund may also invest in transferable securities, money market instruments, warrants, deposits, derivative instruments and, or indirectly through, collective investment schemes. Use may be made of stock-lending, borrowing, cash holdings and hedging. The Fund may use derivatives for investment purposes as well as for Efficient Portfolio Management. The Fund’s strategic asset allocation will alter over time, gradually reducing expected volatility on approach to the target date range and thereafter. The Fund also deploys a tactical asset allocation process that seeks to manage portfolio risk in the short term, mitigating the effect of extremes in the market. The ACD’s and/or the Investment Adviser’s assessment of the growth and volatility prospects of various assets classes may vary over time. Collective investment schemes are selected on the basis of their efficiency at tracking the performance of their reference investment indices.
David Hutchins is a Senior Vice President and Head of AllianceBernstein’s Multi-Asset Pension Strategies business in the UK. He is responsible for the development and management of multi-asset portfolios for both defined benefit and defined contribution clients. Hutchins joined the firm in 2008 after spending two years at UBS Investment Bank, where he was responsible for devising and delivering innovative capital markets risk-management solutions for pension schemes. Prior to that, he spent 13 years at Mercer, where he served as a European principal and scheme actuary, providing trustee and corporate advice to a range of UK pension funds and their sponsors. Hutchins holds a BSc in mathematics and a PGCE from the University of Bristol. He chairs the Investment Management Association’s Defined Contribution Committee and formerly chaired the defined contribution industry working group for the UK government’s “defined ambition” project. He is a Fellow of the Institute of Actuaries.