Close Balanced Portfolio X

Invests primarily in equities, with some bond and alternative asset exposure.

  • 222.50p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.85%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 January 2021

The investment objective of the Fund is to provide capital growth together with some income by investing mainly in UK equities. The balance of the fund will be invested in a combination of fixed interest securities and alternative asset classes.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched October, 2012
Size £1,356m
Yield 1.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.85%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.19%
  • 19/20 -0.26%
  • 20/21 0.01%

Bestinvest MRI

  • 3 years -0.15%
  • 5 years 0.00%
  • Career 0.22%
  • 3 years 50.00%
  • 5 years 0.00%
  • Career 94.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Riitta Hujanen

Hujanen began her investment career in January 1997 as an equity analyst at SEB Gyllenberg and in 1998 she started managing portfolios. She went on to join Fides Asset Management for a short period and in 2002 she took up the post of the Head of European Equity Strategies team at OKO Asset Management. Hujanen moved to London in May 2006 to work at Montanaro Fund Managers where she looked after a number of European equity mandates. She joined Schroders in October 2007. In 2012 she moved to Close Brothers. Hujanen holds a Degree in Politics and an MBA.

Track record

Riitta Hujanen has 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.22%. During the worst period of relative performance (from February 2006 - August 2010) there was a decline of 14% relative to the index. The worst absolute loss has been 42%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -42.00% (December 2007 - February 2009)
Relative -14.00% (February 2006 - August 2010)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

3.44% Adobe Inc
3.2% Microsoft Corp
3.18% London Stock Exchange Group
2.9% Deutsche Borse Ag
2.86% Visa Inc
2.49% Accenture Plc
2.41% Alphabet Inc
2.23% Air Products & Chemicals Inc
2.2% Hsbc Pacific Index Fund S Acc
2.2% Kirkland Lake Gold Ltd
Source: Trustnet

Sector breakdown

Equities 28.00%
Equities 14.00%
Equities 13.00%
Corporate Bonds 11.00%
Government Bonds 10.00%
Money Market 10.00%
Alternative Assets 6.00%
Others 4.00%
Equities 4.00%

Key Investor Information

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