|Bid Price||-||Offer Price||-|
|Mid Price||GBX 97.89||Day Change||GBX -0.65 (-0.66%)|
|Price Date||21 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.77||Fund Size||54,466,500.00|
|Launch Date||23/06/2015||Standard Initial Charge (%)||3.00|
|Annual Management Charge (%)||0.65||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||0.77|
|ISIN||GB00BXRTP273||Min TopUp (£)||0.00|
The objective of the Fund is to achieve capital growth. The Fund will seek to achieve returns that are 2% p.a. in excess of the All-Share Index over a rolling three year period, though there is no guarantee that it will do so. The portfolio will consist principally of listed equity securities, issued by companies established or operating in the UK. The Fund may also invest in other transferable securities, money market instruments, cash and near cash and derivatives. Derivatives will be used only for the purpose of Efficient Portfolio Management. The Investment Manager intends to adopt a long-only strategy in its management of the Fund and to adopt a Business Cycle Approach.
Julie Dean was head of the Business Cycle team at Schroders from July 2013 to September 2014. This followed the acquisition by Schroders of Cazenove Capital Management, where Julie had managed the Cazenove UK Opportunities Fund since 2002 and Cazenove UK Equity (Offshore) Fund since 2009. Julie joined Cazenove from HSBC in 2002, where she had managed the HSBC UK Growth Fund and HSBC British Fund from 1998. Prior to HSBC, she was a UK Equity fund manager at GT Asset Management from 1992. Julie graduated from St Anne’s College, Oxford University with a BA (Hons) in Modern History. The Cazenove UK Opportunities Fund managed by Julie was the winner of the Investment Adviser UK Equity Fund of the Year in 2012 and was shortlisted for Investment Week as UK Equity Fund of the Year in 2013, 2012 and 2011.