fund
Trojan Global Equity O
Aims for capital growth, principally from UK and overseas equities.
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354.47p
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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429.59p
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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0.00%
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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1.00%
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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1.12%
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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0.20%
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 objective of the Fund is to provide capital growth over the longer term. The policy is to invest substantially in global equities but may also invest in collective investment schemes and money market instruments.
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | March, 2006 |
| Size | £377m |
| Yield | 0.20% |
| Charging basis | Income |
| Dividends paid | 31 Mar, 30 Sep |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 1.00% |
| Ongoing charges figure | 1.12% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.08%
- 17/18 0.16%
- 18/19 0.20%
- 19/20 -0.49%
- 20/21 -0.01%
Bestinvest MRI
- 3 years -0.10%
- 5 years -0.04%
- Career 0.15%
- 3 years 50.00%
- 5 years 50.00%
- Career 98.30%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Gabrielle Boyle
Boyle joined Troy in November 2011 from NewSmith Capital Partners LLP where she was a partner responsible for Global Equity portfolios. She previously worked at Lazard from 1993, where she was responsible for managing European portfolios. She has been working in the investment field since 1991, having previously worked with Royal Insurance Asset Management. Boyle is a member of the Institute of Investment Management and Research and is based in London. Boyle graduated from University College, Dublin in 1990 with a BA (Hons) degree in Economics & History and an MA in Economics.
Track record
Gabrielle Boyle has 10.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from September 2002 - July 2007) there was a decline of 8% relative to the index. The worst absolute loss has been 42%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.
Periods of worst performance
| Absolute | -42.00% (August 2000 - September 2002) |
| Relative | -8.00% (September 2002 - July 2007) |
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 31 July 2020
| 7.7% | Microsoft Corp |
| 7.6% | Paypal Hldgs Inc |
| 6.2% | Alphabet Inc |
| 5.3% | Facebook Inc |
| 5% | Visa Inc |
| 5% | Medtronic Inc |
| 4.4% | Roche Hldg Ag |
| 4.1% | Novartis Ag |
| 4.1% | Becton Dickinson & Co |
| 4.1% | American Express Co |
| Source: Trustnet |
Sector breakdown
| Information Technology | 28.00% |
| Health Care | 24.00% |
| Consumer Staples | 17.00% |
| Communications | 11.00% |
| Financials | 6.00% |
| Money Market | 5.00% |
| Consumer Discretionary | 5.00% |
| Industrials | 4.00% |