Bestinvest says
This FTSE All-Share tracker, which is operated by State Street Global Advisors (SSgA), has a reasonable accurate record of tracking the index. However, it is no longer as competitive as it used to be and has been superseded by lower cost trackers. Consider Fidelity Moneybuilder UK Index, which has a much lower total expense ratio.
To achieve its target of tracking the capital performance of the FTSE All-Share Index and to maintain a gross income yield equal to that of the index the fund is managed on a fully invested basis and has a portfolio of, typically, over 600 stocks comprising the FTSE All-Share Index although, occasionally, the fund may invest in stocks outside the index. The
emphasis is on maintaining tracking precision.
The fund may also invest at the manager’s discretion in other transferable securities, money market instruments, cash and near cash, derivative instruments other investment techniques permitted in applicable FSA Rules in order to achieve its objectives.