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IFSL TILNEY BESTINVEST INCOME AND GROWTH PORTFOLIO R

IFSL TILNEY BESTINVEST INCOME AND GROWTH PORTFOLIO R - Overview

Overview of IFSL TILNEY BESTINVEST INCOME AND GROWTH PORTFOLIO R Buy in ISA Buy in Investment Account

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.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Unclassified
Structure OEIC
Launched April, 2008
Size £469m
Yield 1.6%
Charging basis Capital
Dividends paid 30 Apr, 31 Oct

Charges

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 2.20%

Risks

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.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 50
High yield bonds 3
Quality bonds 14
Property 7
Commodities 2
Hedge 21
Fund cash 3
Allocation Proportion(%)
UK 45
Europe 11
North America 25
Japan 6
Pacific 6
Emerging Markets 7
Allocation Proportion(%)
Large Caps 55
Mid Caps 31
Small Caps 14
View all performance data for this fund

Investment process

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.

Live feed

Bid price(inc) 126.20p
Accum units 155.00p
Fund commentary
Fund data updated on 15/01/19

Asset allocation

Allocation Proportion(%)
Equity 50
High yield bonds 3
Quality bonds 14
Property 7
Commodities 2
Hedge 21
Fund cash 3

Equity Geographic

Allocation Proportion(%)
UK 45
Europe 11
North America 25
Japan 6
Pacific 6
Emerging Markets 7

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 55
Mid Caps 31
Small Caps 14

Top 10 holdings

As at: 31/10/2018
5.3718%Merian Uk Specialist Equity F Acc Gbp
5.0203%Lindsell Train Lf Lindsell Train Uk Equity D Inc
4.9561%United States Of Amer Treas Notes 0.125% Nts 15/04/19 Usd1000
4.8618%Blackrock Continental European Income D Hedged Inc
4.6045%Liontrust Special Situations I Inc
4.5666%Tb Evenlode Income C Inc
4.5529%Johcm Uk Dynamic B Inc
4.538%Ssga Spdr S&P Us Dividend Aristocrats Ucits Gbp
4.4578%Invesco Ftse Rafi Us 1000 Ucits Etf Gbp
4.3076%Threadneedle Uk Equity Income Rni Gbp
Source: Trustnet

Sector breakdown

Portfolio details

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.

Constraints

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
-0.28%   -0.06%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Chris Godding

Manager. 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.

Track record

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)

Sector record since February 2017 (2 yr)




About the MRI

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.

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