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The Income and Growth fund aims to modestly grow your investment while providing a regular source of income. The fund has a higher exposure to shares than our Income fund, with half of the portfolio invested in shares and a bias towards UK markets rather than overseas. A significant proportion of the fund is also invested in government, corporate and high yield bonds. The remainder of the fund is diversified across commercial property and alternative investment strategies like hedge funds. The Income and Growth fund could appeal to investors with a medium tolerance to risk who are seeking a combination of income and growth in the value of their investments. The objective is to deliver income and capital growth over the longer term.
|Dividends paid||30 Apr, 31 Oct|
|Standard initial charge||5.00%|
|Initial charge via Bestinvest||0.00%|
|Additional bid/offer spread||0.00%|
|Annual management charge||1.50%|
|Ongoing charges figure||2.27%|
Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.
No information available.
|High yield bonds||5|
The objective of the fund is to deliver income and capital growth over the longer term. The assets of the fund are managed with exposure to one or more of the following asset classes: collective investment schemes (both regulated and unregulated, including but not restricted to certain hedge funds where investment in such fund would be consistent with the Fund's investment objective and policy), investment trusts, investment companies, fixed income securities, equities, immovable property, cash, near cash and deposits. The Fund may also invest in other transferable securities and money market instruments. Asset allocation is set by Tilney Bestinvest's Asset Allocation Committee on a quarterly basis and the fund's underlying investments are selected by the Analyst team and represent their best ideas within each asset/geographic category.
|Fund data updated on||21/06/19|
|High yield bonds||5|
As at: 31/05/2019
5.2892%Lindsell Train Lf Lindsell Train Uk Equity D Inc
5.1532%Blackrock Continental European Income D Hedged Inc
4.844%Tb Evenlode Income D Inc
4.815%Liontrust Special Situations I Inc
4.7114%Ssga Spdr S&P Us Dividend Aristocrats Ucits Etf Gbp
4.6745%Johcm Uk Dynamic X Inc
4.672%Invesco Ftse Rafi Us 1000 Ucits Etf Gbp
4.4596%Goldman Sachs Funds Sterling Liquid Reserves Instl Shs
4.3676%Threadneedle Uk Equity Income Rni Gbp
The fund is largely equity based, with a high exposure to overseas equities, but with reasonable exposure to fixed interest and alternative assets. Fund volatility as well as asset allocation and geographical and capitalisation split of equities relative to the Asset Model is continually monitored to ensure that there is not a wide divergence relative to the in-house rules. The fund's equity component is always likely to have above average exposure to small and mid cap stocks.
There are some limits placed on the portfolio but these could result in significant divergences from the benchmark from time to time.
|Average monthly relative returns||Bestinvest MRI|
|14/15||15/16||16/17||17/18||18/19||3 years||5 years||Career||3 years||5 years||Career|
|Performance figures are based on the average of monthly percentage returns relative to the benchmark index.|
Godding has 30 years of investment management experience both as a long- only and long-short manager. He has managed funds investing in global equities as well as multi-asset class portfolios. His experience in wealth management includes three years at a multi-family office and nine years at Morgan Stanley, where he was CIO.
The track record of Chris Godding in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
|Periods of worst performance|
|Absolute||-7% (August 2018 - December 2018)|
|Relative||-7% (August 2018 - December 2018)|
|IFSL TILNEY BESTINVEST AGGRESSIVE GROWTH PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST CONSERVATIVE PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST DEFENSIVE PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST GLOBAL AGGRESSIVE GROWTH USD||Feb 2017|
|IFSL TILNEY BESTINVEST GLOBAL DEFENSIVE USD||Feb 2017|
|IFSL TILNEY BESTINVEST GLOBAL GROWTH USD||Feb 2017|
|IFSL TILNEY BESTINVEST GLOBAL INCOME & GROWTH USD||Feb 2017|
|IFSL TILNEY BESTINVEST GLOBAL INCOME USD||Feb 2017|
|IFSL TILNEY BESTINVEST GROWTH PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST INCOME AND GROWTH PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST INCOME PORTFOLIO R||Feb 2017|
|IFSL TILNEY BESTINVEST MAXIMUM GROWTH PORTFOLIO R||Feb 2017|
|TILNEY A0715 C||–|
|TILNEY A2535 C||–|
|TILNEY A3743 C||–|
|TILNEY A4550 C||–|
|TILNEY AE2535 C||–|
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.