|Bid Price||-||Offer Price||-|
|Mid Price||GBX 113.28||Day Change||GBX +0.23 (0.20%)|
|Price Date||16 Feb 2018||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||1.31||Fund Size||22,169,105.39|
|Launch Date||29/08/2017||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.75||Sector||UK Smaller Companies|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.31|
|ISIN||GB00BF6X2124||Min TopUp (£)||500.00|
The investment objective of the VT Teviot UK Smaller Companies Fund is to achieve a total return greater than the Benchmark Index over the long term. The Benchmark Index is the Numis Smaller Companies Index (including AIM, excluding Investment Trusts).The Fund will seek to achieve its investment objective by investing in a diversified portfolio of investments which shall primarily consist of UK equities which reside in the bottom 10% of the UK stock market in terms of market capitalisation. For these purposes UK equities includes, but is not limited to, equities listed in the UK. The Manager actively manages the portfolio in order to achieve the objective and will not be restricted in respect of investments by industrial sectors. In seeking investments the approach will be fundamental in nature: rigorous financial analysis of prospective and existing investments and regular contact with the management of these companies. The emphasis within the portfolio will reflect the desire to invest in companies whose shares represent relatively attractive value within the given stockmarket context. The Fund’s investment universe is defined by the Numis Smaller Companies Index (including AIM and excluding investment companies). The Investment Manager has discretion to invest up to 10% of the fund’s assets in FTSE 250 companies that are not in the benchmark index.The Fund's eligible markets, as defined in COLL, include the Official List of the London Stock Exchange plc (“LSE”) and the Alternative Investment Market (“AIM”) of the LSE. The Fund’s base currency is Pounds Sterling. The capital property of the Fund will primarily consist of transferable securities, as defined in COLL. The Fund will not invest in any immovable property or tangible movable property.In addition to equities, the asset classes in which the Fund may invest includes transferable securities, units in collective investment schemes, money-market instruments, cash and near cash and deposits to the extent permitted for UCITS schemes pursuant to the rules in COLL and in accordance with the Fund's investment powers as set out in this Prospectus. The Sub-Fund may hold derivatives for efficient portfolio management purposes. It is not intended that the use of derivatives for efficient portfolio management purposes will increase the risk profile of the Sub-Fund.
Mr. Andrew Paul Bamford, also known as Andy, B.Com, CA is a Partner at Aberforth Partners LLP since May 2004 and also serves as its Portfolio Manager. Mr. Bamford joined the firm in April 2001 and is responsible for the industrial transportation, support services including distributors and hire companies, technology hardware and equipment, and travel and leisure sectors. He also serves as Chief Executive Officer at Aberforth Unit Trust Managers Ltd., where he joined in April 2001. Prior to this, Mr. Bamford worked at Edinburgh Fund Managers for seven years as the Deputy Head of UK Small Companies, with specific responsibility for institutional clients. Before that, he was a Senior Investment Analyst at General Accident for two years supporting the Head of UK Smaller Companies. Prior to that, Mr. Bamford was a chartered accountant at Price Waterhouse. He serves as a Director of Aberforth Unit Trust Managers Ltd. Mr. Bamford also serves as a Director of Northern Venture Managers Ltd. and NVM Private Equity Limited. He is a Chartered Accountant. Mr. Bamford holds a B.Com degree.