Tilney Growth Portfolio Clean

A multi-asset fund of funds with a bias to equities

  • 111.76p Price (Inc)
  • 115.71p Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.42% Ongoing charges
  • 1.80% Yield

Fund data last updated 21 November 2019

The Growth fund is designed to deliver growth on your investment with around two-thirds of the portfolio invested in shares, including exposure to smaller companies, emerging markets and Asia. The remainder of the fund is diversified across bonds, commercial property and other areas to reduce stock market risk and potentially generate growth. The fund’s investments in smaller companies, overseas markets and high yield bonds could still leave investors open to risk. This means the Growth fund could suit investors with a long time horizon and high tolerance for risk who would like some diversification away from the stock markets. The investment objective is to increase the value of your investment over the long-term.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OFFSHORE FUND
Launched January, 2017
Size £2,380m
Yield 1.80%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

Charges

Initial charge 5.00%
Initial charge via Bestinvestt 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.42%

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Investment process

The assets of the fund are managed with exposure to one or more of the following asset classes: 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

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -3.04%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 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.

Allocation

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Top 10 holdings

Data accurate as at 30 August 2019

7.5442% Goldman Sachs Funds Sterling Liquid Reserves Instl Shs
5.6078% Johcm Uk Dynamic X Acc
5.5637% Blackrock European Dynamic Fd Inc
5.2701% Lindsell Train Lf Lindsell Train Uk Equity D Inc
5.0106% Tb Evenlode Income D Inc
4.9506% Liontrust Special Situations I Inc
4.8688% Ashmore Sicav
3.724% Nb Us Equity Index Putwrite I3 Acc Usd
3.5951% Ngam Sa
3.5775% Conventum Asset Management Lyrical S Usd Acc
Source: Trustnet

Portfolio

The fund has a bias to equities, with a high 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 our internal rules. The fund's equity component is always likely to have above average exposure to small and mid cap stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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