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IFSL TILNEY BESTINVEST CONSERVATIVE PORTFOLIO R

IFSL TILNEY BESTINVEST CONSERVATIVE PORTFOLIO R - Overview

Overview of IFSL TILNEY BESTINVEST CONSERVATIVE PORTFOLIO R Buy in ISA Buy in Investment Account

This fund aims to grow your investment in real terms (after the effect of inflation), although this cannot be guaranteed and the value of your investment may fall. The fund has a slight bias towards shares but also invests in bonds, commercial property, cash-like investments and alternative investment strategies like hedge funds. The Conservative fund could suit investors who would like to reduce the impact of inflation and grow the value of their portfolio in real terms, but who also have a low tolerance for risk. The objective is to enhance capital in real terms.

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

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched December, 2014
Size £71m
Yield 0.1%
Charging basis Capital
Dividends paid

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 2.29%

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 28
High yield bonds 3
Quality bonds 24
Property 10
Commodities 2
Hedge 26
Fund cash 7
Allocation Proportion(%)
UK 45
Europe 10
North America 26
Japan 8
Pacific 5
Emerging Markets 6
Allocation Proportion(%)
Large Caps 55
Mid Caps 32
Small Caps 13
View all performance data for this fund

Investment process

The objective of the fund is to enhance capital in real terms. Asset class exposure within the fund will be predominately accessed via collective investment schemes (both regulated and unregulated, including but not restricted to certain hedge funds where investment in such funds 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 Asset Allocation Committee on a quarterly basis and the fund's underlying investments are selected by the Tilney Bestinvest research team and represent their best ideas within each asset / geographic category.

Live feed

Bid price(inc) 111.70p
Accum units 112.90p
Fund commentary
Fund data updated on 19/03/19

Asset allocation

Allocation Proportion(%)
Equity 28
High yield bonds 3
Quality bonds 24
Property 10
Commodities 2
Hedge 26
Fund cash 7

Equity Geographic

Allocation Proportion(%)
UK 45
Europe 10
North America 26
Japan 8
Pacific 5
Emerging Markets 6

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 55
Mid Caps 32
Small Caps 13

Top 10 holdings

As at: 28/02/2019
7.6257%Vontobel Twentyfour Absolute Return Credit Aqg Inc Gbp
6.0936%Muzinich Enhancedyield Short Term G Hedged Inc Gbp
5.3421%Insight Libor Plus B Gbp
4.8647%Ashmore Sicav
4.6081%Ngam Sa
4.4659%Marshall Wace Mw Tops Ucits G Gbp
4.1818%Lindsell Train Lf Lindsell Train Uk Equity D Inc
3.9813%Henderson Uk Property I Acc
3.979%M&G Property Portfolio I Inc Gbp
3.2791%Tb Evenlode Income C Inc
Source: Trustnet

Sector breakdown

Portfolio details

The fund’s asset allocation has a bias toward more defensive asset classes, such as hedge funds, quality bonds and property. 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
0.09% 0.05%   0.05%
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 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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