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IFSL TILNEY BESTINVEST GROWTH PORTFOLIO CLEAN

IFSL TILNEY BESTINVEST GROWTH PORTFOLIO CLEAN - Overview

Overview of IFSL TILNEY BESTINVEST GROWTH PORTFOLIO CLEAN Buy in ISA Buy in Investment Account

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.

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

Fund summary

Sector Unclassified
Structure OEIC
Launched November, 2013
Size £508m
Yield 0.8%
Charging basis Income
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 0.75%
Ongoing charges figure 1.47%

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 Investor Information 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 56
High yield bonds 1
Quality bonds 11
Property 4
Commodities 4
Hedge 16
Fund cash 8
Allocation Proportion(%)
UK 52
Europe 15
North America 17
Japan 7
Pacific 6
Emerging Markets 3
Allocation Proportion(%)
Large Caps 66
Mid Caps 24
Small Caps 10
View all performance data for this fund

Investment process

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.

Live feed

Bid price(inc) 167.30p
Accum units 181.00p
Fund commentary
Fund data updated on 21/07/17

Asset allocation

Allocation Proportion(%)
Equity 56
High yield bonds 1
Quality bonds 11
Property 4
Commodities 4
Hedge 16
Fund cash 8

Equity Geographic

Allocation Proportion(%)
UK 52
Europe 15
North America 17
Japan 7
Pacific 6
Emerging Markets 3

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 66
Mid Caps 24
Small Caps 10

Top 10 holdings

As at: 30/06/2017
8.6% Cash GBP
6.7% JO Hambro CM UK Opportunities
6.6% Threadneedle UK Equity Income
6.6% Liontrust Special Situations
5.7% Majedie UK Equity
5.0% Vanguard S&P 500 ETF GBP
4.9% Old Mutual UK Specialist Eq GBP
4.7% Artemis European Opportunities
4.5% IP Gbl Targeted Returns
3.9% D & C Worldwide US Stock USD
Source: TBi

Sector breakdown

Portfolio details

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.

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
12/13 13/14 14/15 15/16 16/17   3 years 5 years Career 3 years 5 years Career
0.10% -0.04% 0.09% 0.12% -0.04%   0.06% 0.05% 0.02% 92.80% 97.60% 96.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Gareth Lewis

Manager. 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.

Track record

Gareth Lewis has 5.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from February 2016 - April 2017) there was a decline of 4% 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 96%.

Periods of worst performance
Absolute -5% (May 2015 - September 2015)
Relative -4% (February 2016 - April 2017)

Sector record since May 2012 (5 yrs)




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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