TILNEY INCOME PORTFOLIO CLEAN GBP

A multi-asset fund of funds with a bias to fixed interest

  • 99.81p Price (Inc)
  • 99.81p Price (Acc)
  • 5.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 1.48% Ongoing charges
  • 0.00% Yield

Fund data last updated 19 November 2019

This fund is designed to deliver an attractive income to investors while managing investment risk. A significant proportion of the portfolio is invested in shares, mainly from the UK and other developed markets, and around a quarter also focuses on government, corporate and high yield bonds. A significant proportion is also made up of commercial property and alternative investment strategies like hedge funds. The Income fund may appeal to investors who are seeking an income from their investments and have a medium tolerance for risk. The objective is to deliver a high level of income with the potential for modest capital growth over the long term.

Fund summary

Sector
Structure OFFSHORE FUND
Launched September, 2019
Size £185m
Yield 0.00%
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 1.48%

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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

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

7.0628% Ishares Core Ftse 100 Ucits Etf Inc Gbp
6.8742% Axa Global High Income Z Gr Inc
6.0155% Threadneedle Uk Equity Income Rni Gbp
5.9027% Ssga Spdr S&P Us Dividend Aristocrats Ucits Etf Gbp
5.8423% Ashmore Sicav
4.9716% Jupiter Income Trust Z Inc
4.5994% Blackrock Continental European Income D Hedged Inc
3.9863% Twentyfour Dynamic Bond I Gr Inc Gbp
3.4705% United States Of Amer Treas Notes 0.625% Nts 15/07/21 Usd100
3.1329% Henderson Uk Property I Acc
Source: Trustnet

Portfolio

The fund has a higher exposure to fixed interest than the model for growth investors, 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 Documents

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