fund
LF Ruffer Pacific & Emerging Markets C
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111.45p
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.
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408.95p
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?
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5.00% 1.00%
Initial chargeSome 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!
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1.20%
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).
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1.28%
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.
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0.80%
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…
The CF Ruffer Pacific Fund aims to generate capital growth by investing primarily in the equity and bond markets of Asia Pacific, including Japan.
Fund summary
| Sector | Specialist |
| Structure | OEIC |
| Launched | September, 2012 |
| Size | £343m |
| Yield | 0.80% |
| Charging basis | |
| Dividends paid |
Charges
| Standard initial charge | 5.00% |
| Initial charge via Bestinvest | 1.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 1.20% |
| Ongoing charges figure | 1.28% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -1.01%
- 17/18 -0.71%
- 18/19 -0.02%
- 19/20 -0.26%
- 20/21 -0.78%
Bestinvest MRI
- 3 years -0.35%
- 5 years -0.56%
- Career -0.01%
- 3 years 22.10%
- 5 years 3.70%
- Career 73.20%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Mary McBain
After graduating from Oxford University in 1985, McBain started work at Invesco MIM as a fund manager on the Asian team. After leaving Invesco in 1990, she spent many years living and working in Asia, for GK Goh Securities, Apollo Investment Management and Ballingal Investment Advisors. She joined Ruffer in 2006 and manages the CF Ruffer Pacific Fund.
Track record
Mary Mcbain has 14.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from May 2015 - October 2020) there was a decline of 34% relative to the index. The worst absolute loss has been 25%.
Periods of worst performance
| Absolute | -25.00% (May 2008 - October 2008) |
| Relative | -34.00% (May 2015 - October 2020) |
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 30 June 2020
| 4.2% | Vinacapital Vietnam Opportunity Ord $0.01 |
| 3.6% | Softbank Group Corp |
| 3.3% | Alibaba Group Hldg Ltd |
| 2.7% | Anglogold Ashanti |
| 2.7% | China Overseas Land & Investmnts |
| 2.7% | Longfor Group Hldgs Ltd |
| 2.6% | China Mobile Ltd |
| 2.4% | China Life Insurance Co |
| 2.4% | Citic Securities Co |
| 2.3% | Polymetal Intl Plc |
| Source: Trustnet |