TILNEY CONSERVATIVE PORTFOLIO CLEAN GBP

A multi-asset fund of funds, which uses a mixture of products and asset classes to enhance capital in real terms

  • 98.92p Price (Inc)
  • 98.92p Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.47% Ongoing charges
  • 0.70% Yield

Fund data last updated 15 November 2019

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 equities 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.

Fund summary

Sector Mixed Investment 0-35% Shares
Structure OFFSHORE FUND
Launched September, 2019
Size £82m
Yield 0.70%
Charging basis Capital (Income units)
Dividends paid 31 Mar, 30 Sep

Charges

Initial charge 5.00%
Initial charge via Bestinvest 5.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.47%

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Investment process

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 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's Asset Allocation Committee on a quarterly basis, then using our team of expert fund analysts and portfolio managers, we identify what we believe to be the best funds and most appropriate asset allocation which we combine with the aim of delivering excellent client outcomes.

Manager research

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
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -3.04% 0.00% 0.00% 0.00%

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

Ben Seager-Scott

Seager-Scott is the Head of Multi-Asset Funds in the Central Investment Team. He joined the firm in 2011 as a senior fund analyst having previously worked at Bristol-based Whitechurch Securities. Seager-Scott is a CFA charter holder and has a PhD in Biochemistry.

Track record

The track record of Ben Seager-Scott 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 -3.00% (October 2019 - October 2019)
Relative -3.00% (October 2019 - October 2019)

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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Top 10 holdings

Data accurate as at 30 August 2019

8.4386% Goldman Sachs Funds Sterling Liquid Reserves Instl Shs
6.3798% Vontobel Twentyfour Absolute Return Credit Aqg Inc Gbp
5.5475% United States Of Amer Treas Notes 0.625% Nts 15/07/21 Usd100
5.1022% Muzinich Enhancedyield Short Term G Hedged Inc Gbp
4.8879% Ashmore Sicav
4.4287% Insight Libor Plus B Gbp
4.3775% Marshall Wace Mw Tops Ucits G Gbp
3.7592% Henderson Uk Property I Acc
3.7426% Lindsell Train Lf Lindsell Train Uk Equity D Inc
3.6814% M&G Property Portfolio I Inc Gbp
Source: Trustnet

Portfolio

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 our internal rules. The fund's equity component is always likely to have above average exposure to small and mid cap stocks.

Key Investor Documents

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