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The Growth fund is designed to deliver growth on your investment with around two-thirds of the portfolio invested in shares, including exposure to smaller companies, emerging markets and Asia. The remainder of the fund is diversified across bonds, commercial property and other areas to reduce stock market risk and potentially generate growth. The fund’s investments in smaller companies, overseas markets and high yield bonds could still leave investors open to risk. This means the Growth fund could suit investors with a long time horizon and high tolerance for risk who would like some diversification away from the stock markets. The investment objective is to increase the value of your investment over the long-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||0.75%|
|Ongoing charges figure||1.47%|
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 Investor Information 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||1|
The objective of the fund is to deliver 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 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||27/02/17|
|High yield bonds||1|
As at: 30/12/2016
10.5% Cash GBP
7.2% JO Hambro CM UK Opportunities
6.6% Threadneedle UK Equity Income
6.2% Liontrust Special Situations
5.6% Majedie UK Equity
5.1% Vanguard S&P 500 ETF GBP
4.8% Art European Opps GBP Hedged
4.6% Old Mutual UK Spec Equity GBP
4.2% Dodge & Cox WW US Stock USD
4.0% SPDR Barclays 1-5 Year Gilt ETF
The fund has a bias to equities, with a high exposure to overseas equities, although it is not restricted in its choice of asset category. 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|
|12/13||13/14||14/15||15/16||16/17||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.|
Lewis started his investment career at Williams de Broë in 1986. Between 1992 and 1998 he was an Investment Director in their London office and latterly head of their regional offices. In 1998 he joined Singer and Friedlander as Director and member of the group’s specialist team running charitable and pension portfolios. In 2003 he helped establish the Birmingham office of UBS Wealth Management before returning to London to head up the group’s Central Investment Team as an Executive Director and Chief Investment Officer. In 2009 Lewis was given additional responsibility for managing assets on behalf of the group’s key relationships and in 2011 was appointed head of Investment Management. Lewis joined Bestinvest in September 2011 as head of Investment Management and Director of Bestinvest Brokers.
Gareth Lewis has 4.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.08%. During the worst period of relative performance (from February 2016 - July 2016) there was a decline of 3% relative to the index. The worst absolute loss has been 5%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.
|Periods of worst performance|
|Absolute||-5% (May 2015 - September 2015)|
|Relative||-3% (February 2016 - July 2016)|
|IFSL TILNEY BESTINVEST AGGRESSIVE GROWTH PORTFOLIO R||May 2012|
|IFSL TILNEY BESTINVEST BRITISH ENHANCED INCOME C||Feb 2016|
|IFSL TILNEY BESTINVEST CONSERVATIVE PORTFOLIO R||–|
|IFSL TILNEY BESTINVEST DEFENSIVE PORTFOLIO R||May 2012|
|IFSL TILNEY BESTINVEST GLOBAL AGGRESSIVE GROWTH USD||Jul 2016|
|IFSL TILNEY BESTINVEST GLOBAL DEFENSIVE USD||Jul 2016|
|IFSL TILNEY BESTINVEST GLOBAL GROWTH USD||Jul 2016|
|IFSL TILNEY BESTINVEST GLOBAL INCOME & GROWTH USD||Jul 2016|
|IFSL TILNEY BESTINVEST GLOBAL INCOME USD||Jul 2016|
|IFSL TILNEY BESTINVEST GROWTH PORTFOLIO R||May 2012|
|IFSL TILNEY BESTINVEST INCOME AND GROWTH PORTFOLIO R||May 2012|
|IFSL TILNEY BESTINVEST INCOME PORTFOLIO R||May 2012|
|IFSL TILNEY BESTINVEST MAXIMUM GROWTH PORTFOLIO R||–|
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.