Tilney Growth Portfolio Clean

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

  • 104.15p
    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.

  • 109.22p
    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?

  • 5.00% 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).

  • 1.41%
    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.

  • 2.00%
    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 28 May 2020, fund data last updated 25 November 2019

The fund’s objective is to increase the value of your investment over the long-term. 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 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 also like some diversification away from the stock markets.

Fund summary

Sector
Structure OFFSHORE FUND
Launched November, 2017
Size £2,099m
Yield 2.00%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.41%

Allocation

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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. The fund's asset allocation is set by Tilney's Asset Allocation Committee on a quarterly basis. Our team of specialist fund analysts and portfolio managers then identify what we believe to be the best funds to achieve that asset allocation, with the aim of delivering excellent client outcomes.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 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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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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