fund
Troy Spectrum O
Fund of funds investing internationally with a focus on capital preservation.
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247.50p
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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260.53p
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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0.65%
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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1.50%
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…
This is a fund of funds which invests worldwide with the objective of producing long term capital growth. The underlying investments are primarily equities, though bonds, commodities and alternative assets such as hedge funds are also included. Some direct investments may be included. As with all Troy funds this has a focus on capital preservation which has typically led it to outperform in falling markets, though it can lag strongly rising markets.
Fund summary
| Sector | Flexible Investment |
| Structure | OEIC |
| Launched | February, 2008 |
| Size | £142m |
| 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 | 0.65% |
| Ongoing charges figure | 1.50% |
Allocation
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Investment process
The investment objective of the Spectrum Fund is to produce long term capital growth. The Subfund’s policy is diversified investment predominantly in collective investment schemes, though the fund may be invested in bonds, equities, cash and other eligible instruments from time to time. The Spectrum Fund may invest up to 100% of its assets in collective investment schemes.
Manager research
Average monthly relative returns
- 16/17 -0.62%
- 17/18 -0.05%
- 18/19 -0.12%
- 19/20 -0.48%
- 20/21 -0.48%
Bestinvest MRI
- 3 years -0.36%
- 5 years -0.35%
- Career -0.31%
- 3 years 21.20%
- 5 years 14.20%
- Career 15.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Tom Yeowart
Before moving to Troy, Yeowart spent 3 years at Rothschild where he specialised in fund research. Prior to that, he was a portfolio manager at Kaupthing Singer & Friedlander and Williams de Broe (which acquired the Singer & Friedlander Wealth Management business in 2008). Yeowart began his career at Brewin Dolphin, after graduating from Oxford University in 2005.
Track record
Tom Yeowart has 6.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.31%. During the worst period of relative performance (from September 2014 - November 2020) there was a decline of 22% relative to the index. The worst absolute loss has been 15%.
Periods of worst performance
| Absolute | -15.00% (July 2019 - March 2020) |
| Relative | -22.00% (September 2014 - November 2020) |
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
| 11.8% | Egerton Capital Equity |
| 11% | Wcm Global Equity Fund |
| 10.6% | Findlay Park American |
| 9.2% | Etfs Gold Bullion Securites Gbp |
| 8.3% | Polar Capital Global Insurance |
| 7.1% | Amp Capital Global Equity |
| 6.3% | Lindsell Train Global Equity |
| 6.1% | Evenlode Income |
| 4.9% | Samarang Asian Prosperity |
| 3.9% | Cg Portfolio Real Return |
| Source: Trustnet |