Acumen Income Portfolio Class X Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -13.2% | 19.0% | 4.7% | -3.2% | 5.3% |
| Sector | -7.2% | 19.8% | 2.7% | -4.8% | 7.7% |
| Rank | 132/147 | 95/154 | 40/165 | 31/174 | 156/180 |
| Quartile | 4 | 3 | 1 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 2.2% | 2.0% | n/a | |
| Sector | 1.7% | 3.2% | 3.8% | |
| Rank | 65/165 | 122/147 | n/a | |
| Quartile | 2 | 4 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| iShares iShares plc $ Corp Bond UCITS ETF USD (Dist) | 11.68 |
| BRITISH AMERICAN TOBACCO | 0.80 |
| HSBC HOLDINGS | 0.76 |
| RIO TINTO | 0.75 |
| LEGAL & GENERAL GROUP | 0.67 |
| IMPERIAL BRANDS | 0.62 |
| ENTERPRISE PRODUCTS PARTNERS LP | 0.60 |
| SCHRODERS | 0.59 |
| VODAFONE GROUP PUBLIC LIMITED COMPANY | 0.58 |
| NATIONAL GRID | 0.54 |
| Total | 17.58 |
Fund Aims
The aim of the Fund is to provide income, that is money paid out from investments such as dividends from shares and interest from bonds, with the potential for some increase, over a minimum of 5 years, in the value of an investment.
Fund Manager
John is the Head of Portfolio Management at Tavistock Wealth. Together with the research and investment team he manages the ACUMEN Portfolios and the Tavistock PB PROFILES. John has more than 10 years’ experience in financial markets having previously worked in a variety of roles at RBS, Morgan Stanley and Credit Suisse. John holds a BSc degree in Economics from Warwick University and an MSc degree in Economic History from the London School of Economics.
Fund Overview
| Mid (22/04/2024) | 135.68p |
| Historic yield | - |
| Fund size (31/12/2023) | £10.10m |
| Number of holdings | 498 |
| Entry Charge | 0.00% |
| Ongoing Charges | 1.25% |
| Launch date | 25/01/2016 |
Asset Allocation
| International Bonds | 18.47% | |
| UK Equities | 14.77% | |
| International Equities | 11.80% | |
| Cash and Equivalents | 6.64% | |
| Property | 1.20% | |
| UK Corporate Bonds | 0.95% | |
| Money Market | 0.02% | |
| Alternative Trading Strategies | 0.01% | |
| Other Assets | 46.13% |
Commentary
[No data]
Asset Allocation
| International Bonds | 18.47% | |
| UK Equities | 14.77% | |
| International Equities | 11.80% | |
| Cash and Equivalents | 6.64% | |
| Property | 1.20% | |
| UK Corporate Bonds | 0.95% | |
| Money Market | 0.02% | |
| Alternative Trading Strategies | 0.01% | |
| Other Assets | 46.13% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 46.24% | - | - | - | |
| Non-Classified | - | 45.34% | - | - | |
| Non-Classified | - | - | 45.34% | - | |
| Non-Classified | - | - | - | 45.34% | |
| Bonds | 19.43% | - | - | - | |
| Cash and Equivalents | 6.66% | - | - | - | |
| Financials | 6.42% | - | - | - | |
| Financial Services | - | 2.74% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.64% | - | |
| Asset Managers & Custodians | - | - | - | 2.22% | |
| Investment Services | - | - | - | 0.42% | |
| Finance & Credit Services | - | - | 0.09% | - | |
| Mortgage Finance | - | - | - | 0.09% | |
| Insurance | - | 2.26% | - | - | |
| Life Insurance | - | - | 1.67% | - | |
| Life Insurance | - | - | - | 1.67% | |
| Non-life Insurance | - | - | 0.58% | - | |
| Property & Casualty Insurance | - | - | - | 0.35% | |
| Full Line Insurance | - | - | - | 0.24% | |
| Banks | - | 1.43% | - | - | |
| Banks | - | - | 1.43% | - | |
| Banks | - | - | - | 1.43% | |
| Energy | 6.04% | - | - | - | |
| Energy | - | 6.04% | - | - | |
| Non-Renewable Energy | - | - | 6.04% | - | |
| Pipelines | - | - | - | 3.05% | |
| Oil: Crude Producers | - | - | - | 1.18% | |
| Integrated Oil & Gas | - | - | - | 0.86% | |
| Oil Refining and Marketing | - | - | - | 0.68% | |
| Coal | - | - | - | 0.27% | |
| Consumer Staples | 2.96% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.78% | - | - | |
| Tobacco | - | - | 1.70% | - | |
| Tobacco | - | - | - | 1.70% | |
| Food Producers | - | - | 0.08% | - | |
| Food Products | - | - | - | 0.08% | |
| Personal Care, Drug & Grocery Stores | - | 1.18% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.18% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.66% | |
| Personal Products | - | - | - | 0.43% | |
| Drug Retailers | - | - | - | 0.09% | |
| Consumer Discretionary | 2.30% | - | - | - | |
| Consumer Products & Services | - | 1.85% | - | - | |
| Household Goods & Home Construction | - | - | 1.85% | - | |
| Home Construction | - | - | - | 1.56% | |
| Household Furnishings | - | - | - | 0.30% | |
| Retail | - | 0.45% | - | - | |
| Retailers | - | - | 0.45% | - | |
| Specialty Retailers | - | - | - | 0.42% | |
| Diversified Retailers | - | - | - | 0.03% | |
| Utilities | 2.10% | - | - | - | |
| Utilities | - | 2.10% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.18% | - | |
| Multi-Utilities | - | - | - | 0.61% | |
| Water | - | - | - | 0.57% | |
| Electricity | - | - | 0.92% | - | |
| Conventional Electricity | - | - | - | 0.92% | |
| Basic Materials | 2.05% | - | - | - | |
| Basic Resources | - | 1.75% | - | - | |
| Industrial Metals & Mining | - | - | 1.69% | - | |
| General Mining | - | - | - | 1.26% | |
| Copper | - | - | - | 0.26% | |
| Nonferrous Metals | - | - | - | 0.11% | |
| Metal Fabricating | - | - | - | 0.05% | |
| Iron & Steel | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.06% | - | |
| Gold Mining | - | - | - | 0.06% | |
| Chemicals | - | 0.31% | - | - | |
| Chemicals | - | - | 0.31% | - | |
| Specialty Chemicals | - | - | - | 0.18% | |
| Chemicals: Diversified | - | - | - | 0.12% | |
| Industrials | 1.84% | - | - | - | |
| Industrial Goods & Services | - | 1.49% | - | - | |
| Industrial Support Services | - | - | 0.48% | - | |
| Business Training & Employment Agencies | - | - | - | 0.22% | |
| Transaction Processing Services | - | - | - | 0.14% | |
| Industrial Suppliers | - | - | - | 0.11% | |
| General Industrials | - | - | 0.47% | - | |
| Containers & Packaging | - | - | - | 0.34% | |
| Diversified Industrials | - | - | - | 0.13% | |
| Aerospace & Defence | - | - | 0.43% | - | |
| Defense | - | - | - | 0.31% | |
| Aerospace | - | - | - | 0.12% | |
| Industrial Transportation | - | - | 0.11% | - | |
| Delivery Services | - | - | - | 0.11% | |
| Construction & Materials | - | 0.35% | - | - | |
| Construction & Materials | - | - | 0.35% | - | |
| Construction | - | - | - | 0.16% | |
| Cement | - | - | - | 0.12% | |
| Building Materials: Other | - | - | - | 0.07% | |
| Real Estate | 1.82% | - | - | - | |
| Real Estate | - | 1.82% | - | - | |
| Real Estate Investment Trusts | - | - | 1.58% | - | |
| Health Care REITs | - | - | - | 0.45% | |
| Diversified REITs | - | - | - | 0.42% | |
| Office REITs | - | - | - | 0.28% | |
| Retail REITs | - | - | - | 0.24% | |
| Other Specialty REITs | - | - | - | 0.19% | |
| Real Estate Investment & Services | - | - | 0.23% | - | |
| Real Estate Holding and Development | - | - | - | 0.23% | |
| Telecommunications | 0.94% | - | - | - | |
| Telecommunications | - | 0.94% | - | - | |
| Telecommunications Service Providers | - | - | 0.94% | - | |
| Telecommunications Services | - | - | - | 0.94% | |
| Technology | 0.67% | - | - | - | |
| Technology | - | 0.67% | - | - | |
| Technology Hardware & Equipment | - | - | 0.51% | - | |
| Computer Hardware | - | - | - | 0.41% | |
| Semiconductors | - | - | - | 0.10% | |
| Software & Computer Services | - | - | 0.16% | - | |
| Computer Services | - | - | - | 0.16% | |
| Health Care | 0.52% | - | - | - | |
| Health Care | - | 0.52% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.52% | - | |
| Pharmaceuticals | - | - | - | 0.52% | |
| Alternative Trading Strategies | 0.01% | - | - | - | |
| Alternative Trading Strategies | - | 0.01% | - | - | |
| Alternative Trading Strategies | - | - | 0.01% | - | |
| Alternative Trading Strategies | - | - | - | 0.01% | |
Regional Allocation
| Non-Classified | 57.82% | |
| UK | 15.82% | |
| North America | 13.04% | |
| Cash and Equivalents | 6.66% | |
| Developed Europe - Excl UK | 1.93% | |
| Emerging Asia | 1.37% | |
| Property | 1.10% | |
| Middle East & Africa | 1.07% | |
| Japan | 0.56% | |
| Other Regions | 0.62% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 80.42% | |
| US Dollar | 19.25% | |
| Euro | 0.16% | |
| Cash | 0.16% | |
| Pound Sterling | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 57.82% | - | |
| UK | 15.82% | - | |
United Kingdom
|
- | 15.82% | |
| North America | 13.04% | - | |
United States
|
- | 12.43% | |
Canada
|
- | 0.61% | |
| Cash and Equivalents | 6.66% | - | |
| Developed Europe - Excl UK | 1.93% | - | |
Switzerland
|
- | 0.59% | |
Ireland
|
- | 0.33% | |
Germany
|
- | 0.30% | |
Italy
|
- | 0.22% | |
Netherlands
|
- | 0.18% | |
France
|
- | 0.16% | |
Luxembourg
|
- | 0.15% | |
Sweden
|
- | 0.00% | |
Finland
|
- | 0.00% | |
| Emerging Asia | 1.37% | - | |
Philippines
|
- | 1.17% | |
Taiwan
|
- | 0.10% | |
South Korea
|
- | 0.10% | |
| Property | 1.10% | - | |
| Middle East & Africa | 1.07% | - | |
Cote D'Ivoire
|
- | 0.94% | |
Saudi Arabia
|
- | 0.09% | |
Israel
|
- | 0.04% | |
| Japan | 0.56% | - | |
Japan
|
- | 0.56% | |
| Developed Asia | 0.49% | - | |
Hong Kong
|
- | 0.37% | |
Singapore
|
- | 0.12% | |
| South & Central America | 0.13% | - | |
Mexico
|
- | 0.13% | |
Breakdown By Market Cap (%)
| Mega |
|
7.35% |
| Large |
|
9.48% |
| Medium |
|
7.27% |
| Small |
|
0.75% |
| Non-Classified |
|
49.07% |
| Bonds |
|
19.43% |
| Cash |
|
6.66% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
6.19% |
| 5Yr - 10Yr Maturity |
|
1.40% |
| > 15Yr Maturity |
|
0.15% |
| Cash And Equivalents |
|
6.66% |
| Unknown Maturity |
|
11.79% |
| Other Asset Types |
|
73.81% |
Fixed Interest Quality Profile
| AAA |
|
6.70% |
| Unknown Quality |
|
1.05% |
| Cash and Equivalents |
|
6.66% |
| Other Asset Types |
|
85.60% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | iShares iShares plc $ Corp Bond UCITS ETF USD (Dist) | 11.68% | Bonds | Non-Classified |
| 2 | BRITISH AMERICAN TOBACCO | 0.80% | Tobacco | United Kingdom |
| 3 | HSBC HOLDINGS | 0.76% | Banks | United Kingdom |
| 4 | RIO TINTO | 0.75% | Industrial Metals & Mining | United Kingdom |
| 5 | LEGAL & GENERAL GROUP | 0.67% | Life Insurance | United Kingdom |
| 6 | IMPERIAL BRANDS | 0.62% | Tobacco | United Kingdom |
| 7 | ENTERPRISE PRODUCTS PARTNERS LP | 0.60% | Non-Renewable Energy | United States |
| 8 | SCHRODERS | 0.59% | Investment Banking & Brokerage Services | United Kingdom |
| 9 | VODAFONE GROUP PUBLIC LIMITED COMPANY | 0.58% | Telecommunications Service Providers | United Kingdom |
| 10 | NATIONAL GRID | 0.54% | Gas, Water & Multi-utilities | United Kingdom |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BYW8MW5 |
| Mex Code | - |
| Isin Code | GB00BYW8MW59 |
| Citi Code | MX5X |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 1.25% |
Aims and Benchmark
| Aims | The aim of the Fund is to provide income, that is money paid out from investments such as dividends from shares and interest from bonds, with the potential for some increase, over a minimum of 5 years, in the value of an investment. |
| Benchmark | Mixed Investment 20-60% Shares |
| Benchmark Category | - |
| IA Sector | Mixed Investment 20-60% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 January | 31 March |
| 30 April | 30 June |
| 31 July | 30 September |
| 31 October | 31 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | NatWest Trustee and Depositary Services Limited |
| Fund Administrator | Investment Fund Services Limited |
| Fund Registrar | Investment Fund Services Limited |
| Fund Custodian | BNP Paribas Securities Services |
Group Details
| Group name | IFSL Acumen |
| Group address | 5 Victoria Street Windsor Berkshire SL4 1HB |
| Group telephone | +44 1753 867000 |
| Dealing telephone | - |
| - | |
| Homepage | tavistockinvestments.com/ |
| Fax number | - |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £500 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.67 |
| Beta | 0.79 |
| Sharpe | 0.00 |
| Standard Deviation | 6.56 |
| Info Ratio | 0.06 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | Yes |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.