VT Garraway Multi Asset Growth A

Multi-asset fund of funds investing worldwide.

  • 430.08p
    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.

  • 497.00p
    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?

  • 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!

  • 1.50%
    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).

  • 2.35%
    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.

  • 1.10%
    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 25 January 2021, fund data last updated 21 August 2003

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched November, 2013
Size £26m
Yield 1.10%
Charging basis Income
Dividends paid 30 May, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.35%

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Investment process

The investment objective of the fund is to achieve capital growth from investment, primarily, in a global spread of collective investment schemes, including open-ended investment companies and unit trusts as well as investment trusts.

Manager research

Average monthly relative returns

  • 16/17 -1.66%
  • 17/18 -0.98%
  • 18/19 -0.03%
  • 19/20 -0.94%
  • 20/21 -1.75%

Bestinvest MRI

  • 3 years -0.91%
  • 5 years -1.07%
  • Career -0.89%
  • 3 years 7.80%
  • 5 years 0.40%
  • Career 0.20%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Mark Harris

Harris leads City Financial’s multi-asset capabilities. He was previously head of fund of funds at New Star Asset Management and subsequently at Henderson Global Investors. He personally managed 8 unds totalling £800 million, encompassing a range of low- to high-risk mandates. Prior to joining City Financial, Harris was at Eden Financial, where he managed the CF Eden Global Multi Strategy Fund and played a leading role in developing Eden’s client-focused, multi-asset products.

Track record

Mark Harris has 8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.89%. During the worst period of relative performance (from January 2013 - August 2020) there was a decline of 60% relative to the index. The worst absolute loss has been 23%.

Periods of worst performance

Absolute -23.00% (December 2019 - March 2020)
Relative -60.00% (January 2013 - August 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.

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Top 10 holdings

Data accurate as at 28 August 2020

15.2616% Polar Capital Global Technology I Gbp
12.2924% Garraway Global Equity A Gbp
11.7505% Legg Mason If Japan Equity X
11.7126% Blackrock European Dynamic Fd Acc
6.8273% Vaneck Vectors Ucits Etfs Plc
6.2463% Han Emqq Emerging Markets Internet & Ecommerce Ucits Etf Gbp
5.3857% Garraway Vt Garraway Uk Equity Market F Inc
4.9519% Fidelity Uk Opportunities W Acc
4.1617% Volta Finance Ltd
3.9548% Gateway To India G Gbp
Source: Trustnet

Sector breakdown

Telecom, Media & Technology 22.00%
Equities 13.00%
International Equities 12.00%
Japanese Equities 12.00%
Europe ex UK Equities 12.00%
Cash & Cash Equivalents 7.00%
Commodity & Energy 7.00%
Financials 4.00%
India Equities 4.00%
Global Emerging Market Fixed Interest 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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