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IFSL TILNEY BESTINVEST MAXIMUM GROWTH PORTFOLIO R

IFSL TILNEY BESTINVEST MAXIMUM GROWTH PORTFOLIO R - Overview

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

The Maximum Growth fund is designed to deliver high growth by investing in UK and global stock markets. This portfolio is our most adventurous in our fund suite, as it invests mainly in shares and has substantial exposure to both smaller companies and markets outside the UK, including emerging markets and Asia. Stock markets can be particularly volatile in the short term, and investments in smaller companies and overseas markets also carry their own risks. This means the Maximum Growth fund could suit adventurous investors who have a very high tolerance to risk and a long time horizon. The objective is to deliver capital growth over the long term.

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

Fund summary

Sector Global Equity Income
Structure OEIC
Launched December, 2014
Size £35m
Yield 0.0%
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 1.50%
Ongoing charges figure 2.26%

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 95
High yield bonds 4
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1
Allocation Proportion(%)
UK 47
Europe 10
North America 25
Japan 6
Pacific 6
Emerging Markets 6
Allocation Proportion(%)
Large Caps 62
Mid Caps 23
Small Caps 15
View all performance data for this fund

Investment process

The objective of the fund is to deliver capital growth over the longer term. 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) 130.50p
Accum units 130.50p
Fund commentary
Fund data updated on 15/01/19

Asset allocation

Allocation Proportion(%)
Equity 95
High yield bonds 4
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 1

Equity Geographic

Allocation Proportion(%)
UK 47
Europe 10
North America 25
Japan 6
Pacific 6
Emerging Markets 6

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 62
Mid Caps 23
Small Caps 15

Top 10 holdings

As at: 31/10/2018
7.9084%Lindsell Train Lf Lindsell Train Uk Equity D Acc
7.8953%Johcm Uk Dynamic B Acc
7.8818%Liontrust Special Situations I Inc
7.8499%Tb Evenlode Income C Acc
6.189%Threadneedle Uk Equity Income Rna Gbp
6.1236%Nb Us Equity Index Putwrite I3 Acc Usd
5.6592%Conventum Asset Management Lyrical S Usd Acc
5.3978%Ngam Sa
4.9178%Fidelity Emerging Markets W Acc
4.7947%Jupiter European Z Acc
Source: Trustnet

Sector breakdown

Portfolio details

The fund has a bias to equities, with considerable 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
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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