Quick Stats

Bid Price GBX 107.11 Offer Price GBX 107.44
Mid Price - Day Change GBX -0.05 (-0.05%)
Price Date 22 Sep 2017 Crown Rating
Shares Class Inc. Yield 2.23 %
Total Expense Ratio 0.00 Fund Size 0.00
Launch Date 03/10/2016 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.50 Sector IMA UK Equity Income
Min Investment (£) 10,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BZ02MC60 Min TopUp (£) 2,000.00

Fund Objective

The fund’s objective is to achieve long term capital growth and a level of income employing a total return approach. The fund aims to outperform its composite market index over a minimum three year period. The composite market index is made up as follows: 35% FTSE All-Share, 35% FTSE All-World (ex UK), 5% FTSE UK Commercial Property, 5% 3-month GBP LIBOR + 2%, 18% FT British Government All Stocks and 2% 7-day LIBOR. Invested capital is however at risk and there is no guarantee that the objective will be attained over this or any time period. The Manager intends to achieve this objective by investing in a diversified range of asset classes including UK and Global equities, corporate and sovereign fixed income, index linked bonds, collective investment schemes and structured products. Investment may be made directly in such assets or through collective investment schemes. The fund will not hold immovable property directly but may make investments in immovable property through the use of collective investment schemes. A reference to a collective investment scheme includes authorised, unauthorised and alternative collective investment schemes including private equity funds. The fund may use investment techniques and derivatives for efficient portfolio management (including hedging), and to seek investment gains.

Fund Managers

Andrew Pitt
Andy joined Rathbones in June 2014 as an Investment Director and Head of Charities, London, following his previous role as Head of Charities at Newton Investment Management. Andy has also worked at Schroder Investment Management and UBS Wealth Management, and during his career has managed investment portfolios for a wide variety of charities and other not-for-profit organisations, as well as individuals, trusts and corporates. Andy is a visiting lecturer at the Cass Business School (Sector for Charity Effectiveness), and an external member of the investment committee of the Alzheimer’s Society. He is also an Associate Member of the CFA Society of the UK (ASIP) and a Chartered Fellow of the CISI (FCSI).