FP Russell Investments Limited Multi Asset Growth Fund III Class C Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -5.4% | 20.4% | -0.4% | -2.3% | 8.9% |
| Sector | -3.6% | 15.9% | -1.2% | -2.6% | 6.4% |
| Rank | 100/147 | 35/154 | 70/165 | 82/174 | 24/183 |
| Quartile | 3 | 1 | 2 | 2 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 1.9% | 3.8% | 4.4% | |
| Sector | 0.8% | 2.7% | 3.7% | |
| Rank | 40/165 | 28/147 | 28/103 | |
| Quartile | 1 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| British Pound Spot | 1.28 |
| HITACHI | 0.13 |
| MITSUBISHI UFJ FINANCIAL GROUP | 0.13 |
| SONY CORP | 0.10 |
| MITSUI SUMITOMO INSURANCE CO. | 0.10 |
| SEVEN & I HOLDINGS CO. | 0.10 |
| RECRUIT HOLDINGS CO. | 0.10 |
| HONDA MOTOR CO. | 0.09 |
| TOYOTA MOTOR CORPORATION | 0.09 |
| ORIX CORPORATION | 0.07 |
| Total | 2.19 |
Fund Aims
The Fund aims to achieve capital appreciation over the long term
Fund Manager
Senior Portfolio Manager, Multi-Asset Solutions – EMEA
B.A. (Honours), Economics and Law
Member of the Securities Institute
CFA Charterholder, CFA Institute
David Vickers is a Senior Portfolio Manager in the Multi-Asset Solutions team at Russell Investments, where he and his team are responsible for the flagship Multi Asset Growth portfolios. The majority of these assets have outcome orientated objectives and as such David plays a key role in the formation of the firm’s dynamic and tactical asset allocation policy.
David joined Russell Investments in 2013 from Sarasin & Partners where he was the lead fund manager within the multi-asset team. During his tenure at Sarasin, David managed The Alpha Common Investment Fund, Sarasin’s flagship charity endowment fund, for which his team won the FT charity fund Managers investors award in 2011, 2012. David was also a core member of the investment policy committee that set the asset allocation and investment strategy for the firm. He was made a partner in 2011.
David joined Sarasin’s in 2007 from Baring Asset Management, where his primary responsibility had been the management of multi asset portfolios for ultra-high net worth charities and private individuals. In addition David managed the US equity element of Barings’ flagship private client unit trust. David started his career in the asset management industry in 1999.
Fund Overview
| Mid (03/05/2024) | 145.49p |
| Historic yield | 1.18% |
| Fund size (31/03/2024) | £109.60m |
| Number of holdings | 1960 |
| Entry Charge | 3.00% |
| Ongoing Charges | 0.63% |
| Launch date | 02/10/2012 |
Asset Allocation
| Commodities | 14.08% | |
| International Equities | 4.33% | |
| International Bonds | 4.08% | |
| UK Corporate Bonds | 2.01% | |
| Cash and Equivalents | 0.27% | |
| UK Equities | 0.12% | |
| Alternative Trading Strategies | 0.05% | |
| Other Assets | 75.07% |
Important Information
Source of portfolio data: Broadridge. 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Asset Allocation
| Commodities | 14.08% | |
| International Equities | 4.33% | |
| International Bonds | 4.08% | |
| UK Corporate Bonds | 2.01% | |
| Cash and Equivalents | 0.27% | |
| UK Equities | 0.12% | |
| Alternative Trading Strategies | 0.05% | |
| Other Assets | 75.07% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 75.20% | - | - | - | |
| Non-Classified | - | 73.45% | - | - | |
| Non-Classified | - | - | 73.45% | - | |
| Non-Classified | - | - | - | 73.45% | |
| Commodities | 14.08% | - | - | - | |
| Commodities | - | 14.08% | - | - | |
| Commodities | - | - | 14.08% | - | |
| Commodities | - | - | - | 14.08% | |
| Bonds | 6.09% | - | - | - | |
| Industrials | 1.03% | - | - | - | |
| Industrial Goods & Services | - | 0.90% | - | - | |
| General Industrials | - | - | 0.25% | - | |
| Diversified Industrials | - | - | - | 0.25% | |
| Containers & Packaging | - | - | - | 0.00% | |
| Glass | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 0.23% | - | |
| Business Training & Employment Agencies | - | - | - | 0.14% | |
| Industrial Suppliers | - | - | - | 0.04% | |
| Transaction Processing Services | - | - | - | 0.03% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| Security Services | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.18% | - | |
| Electrical Components | - | - | - | 0.10% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.07% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.00% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.16% | - | |
| Machinery: Industrial | - | - | - | 0.13% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Machinery: Tools | - | - | - | 0.01% | |
| Machinery: Specialty | - | - | - | 0.00% | |
| Machinery: Construction & Handling | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 0.07% | - | |
| Delivery Services | - | - | - | 0.03% | |
| Railroads | - | - | - | 0.03% | |
| Transportation Services | - | - | - | 0.01% | |
| Marine Transportation | - | - | - | 0.00% | |
| Commercial Vehicles & Parts | - | - | - | 0.00% | |
| Trucking | - | - | - | 0.00% | |
| Construction & Materials | - | 0.13% | - | - | |
| Construction & Materials | - | - | 0.13% | - | |
| Construction | - | - | - | 0.07% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Building: Climate Control | - | - | - | 0.02% | |
| Building Materials: Other | - | - | - | 0.00% | |
| Consumer Discretionary | 0.81% | - | - | - | |
| Automobiles & Parts | - | 0.40% | - | - | |
| Automobiles & Parts | - | - | 0.40% | - | |
| Automobiles | - | - | - | 0.22% | |
| Auto Parts | - | - | - | 0.17% | |
| Tires | - | - | - | 0.02% | |
| Consumer Products & Services | - | 0.28% | - | - | |
| Leisure Goods | - | - | 0.16% | - | |
| Consumer Electronics | - | - | - | 0.10% | |
| Toys | - | - | - | 0.02% | |
| Photography | - | - | - | 0.02% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Electronic Entertainment | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.09% | - | |
| Household Equipment & Products | - | - | - | 0.06% | |
| Home Construction | - | - | - | 0.04% | |
| Household Appliance | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.02% | - | |
| Footwear | - | - | - | 0.01% | |
| Clothing & Accessories | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.00% | - | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Consumer Services: Misc. | - | - | - | 0.00% | |
| Retail | - | 0.08% | - | - | |
| Retailers | - | - | 0.08% | - | |
| Diversified Retailers | - | - | - | 0.04% | |
| Apparel Retailers | - | - | - | 0.03% | |
| Home Improvement Retailers | - | - | - | 0.01% | |
| Specialty Retailers | - | - | - | 0.01% | |
| Travel & Leisure | - | 0.03% | - | - | |
| Travel & Leisure | - | - | 0.03% | - | |
| Recreational Services | - | - | - | 0.01% | |
| Airlines | - | - | - | 0.01% | |
| Hotels & Motels | - | - | - | 0.01% | |
| Restaurants & Bars | - | - | - | 0.00% | |
| Casinos & Gambling | - | - | - | 0.00% | |
| Media | - | 0.03% | - | - | |
| Media | - | - | 0.03% | - | |
| Media Agencies | - | - | - | 0.02% | |
| Radio & TV Broadcasters | - | - | - | 0.00% | |
| Publishing | - | - | - | 0.00% | |
| Entertainment | - | - | - | 0.00% | |
| Financials | 0.74% | - | - | - | |
| Banks | - | 0.39% | - | - | |
| Banks | - | - | 0.39% | - | |
| Banks | - | - | - | 0.39% | |
| Insurance | - | 0.18% | - | - | |
| Non-life Insurance | - | - | 0.11% | - | |
| Property & Casualty Insurance | - | - | - | 0.10% | |
| Insurance Brokers | - | - | - | 0.01% | |
| Life Insurance | - | - | 0.07% | - | |
| Life Insurance | - | - | - | 0.07% | |
| Financial Services | - | 0.17% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.15% | - | |
| Diversified Financial Services | - | - | - | 0.07% | |
| Investment Services | - | - | - | 0.06% | |
| Asset Managers & Custodians | - | - | - | 0.02% | |
| Finance & Credit Services | - | - | 0.02% | - | |
| Consumer Lending | - | - | - | 0.02% | |
| Mortgage Finance | - | - | - | 0.00% | |
| Technology | 0.57% | - | - | - | |
| Technology | - | 0.57% | - | - | |
| Technology Hardware & Equipment | - | - | 0.43% | - | |
| Electronic Components | - | - | - | 0.17% | |
| Production Technology Equipment | - | - | - | 0.10% | |
| Semiconductors | - | - | - | 0.10% | |
| Electronic Office Equipment | - | - | - | 0.04% | |
| Computer Hardware | - | - | - | 0.02% | |
| Software & Computer Services | - | - | 0.14% | - | |
| Computer Services | - | - | - | 0.08% | |
| Software | - | - | - | 0.04% | |
| Consumer Digital Services | - | - | - | 0.02% | |
| Consumer Staples | 0.36% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 0.24% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.24% | - | |
| Personal Products | - | - | - | 0.10% | |
| Food Retailers & Wholesalers | - | - | - | 0.10% | |
| Drug Retailers | - | - | - | 0.04% | |
| Nondurable Household Products | - | - | - | 0.00% | |
| Food, Beverage & Tobacco | - | 0.12% | - | - | |
| Beverages | - | - | 0.08% | - | |
| Brewers | - | - | - | 0.07% | |
| Soft Drinks | - | - | - | 0.00% | |
| Food Producers | - | - | 0.04% | - | |
| Food Products | - | - | - | 0.04% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Basic Materials | 0.29% | - | - | - | |
| Chemicals | - | 0.22% | - | - | |
| Chemicals | - | - | 0.22% | - | |
| Chemicals: Diversified | - | - | - | 0.14% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.07% | |
| Specialty Chemicals | - | - | - | 0.01% | |
| Basic Resources | - | 0.07% | - | - | |
| Industrial Metals & Mining | - | - | 0.04% | - | |
| Iron & Steel | - | - | - | 0.02% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.03% | - | |
| Paper | - | - | - | 0.03% | |
| Cash and Equivalents | 0.27% | - | - | - | |
| Health Care | 0.18% | - | - | - | |
| Health Care | - | 0.18% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.11% | - | |
| Pharmaceuticals | - | - | - | 0.10% | |
| Biotechnology | - | - | - | 0.01% | |
| Medical Equipment & Services | - | - | 0.06% | - | |
| Medical Equipment | - | - | - | 0.05% | |
| Medical Supplies | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.00% | - | |
| Health Care Services | - | - | - | 0.00% | |
| Real Estate | 0.14% | - | - | - | |
| Real Estate | - | 0.14% | - | - | |
| Real Estate Investment & Services | - | - | 0.14% | - | |
| Real Estate Holding and Development | - | - | - | 0.13% | |
| Real Estate Services | - | - | - | 0.00% | |
| Telecommunications | 0.12% | - | - | - | |
| Telecommunications | - | 0.12% | - | - | |
| Telecommunications Service Providers | - | - | 0.12% | - | |
| Telecommunications Services | - | - | - | 0.12% | |
| Cable Television Services | - | - | - | 0.00% | |
| Utilities | 0.05% | - | - | - | |
| Utilities | - | 0.05% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.05% | - | |
| Gas Distribution | - | - | - | 0.05% | |
| Electricity | - | - | 0.00% | - | |
| Conventional Electricity | - | - | - | 0.00% | |
| Alternative Trading Strategies | 0.05% | - | - | - | |
| Alternative Trading Strategies | - | 0.05% | - | - | |
| Alternative Trading Strategies | - | - | 0.05% | - | |
| Alternative Trading Strategies | - | - | - | 0.05% | |
| Energy | 0.02% | - | - | - | |
| Energy | - | 0.02% | - | - | |
| Non-Renewable Energy | - | - | 0.02% | - | |
| Oil Equipment & Services | - | - | - | 0.01% | |
| Oil Refining and Marketing | - | - | - | 0.01% | |
| Oil: Crude Producers | - | - | - | 0.00% | |
| Integrated Oil & Gas | - | - | - | 0.00% | |
Regional Allocation
| Non-Classified | 75.61% | |
| Developed Europe - Excl UK | 15.07% | |
| Japan | 4.35% | |
| UK | 2.12% | |
| North America | 1.18% | |
| Commodities | 1.15% | |
| Cash and Equivalents | 0.27% | |
| Emerging Asia | 0.10% | |
| Australia & New Zealand | 0.06% | |
| Other Regions | 0.08% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 93.91% | |
| Pound Sterling | 5.84% | |
| US Dollar | 0.15% | |
| Euro | 0.08% | |
| Cash | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 75.61% | - | |
| Developed Europe - Excl UK | 15.07% | - | |
Ireland
|
- | 12.95% | |
France
|
- | 0.46% | |
Germany
|
- | 0.45% | |
Luxembourg
|
- | 0.38% | |
Netherlands
|
- | 0.32% | |
Spain
|
- | 0.09% | |
Finland
|
- | 0.09% | |
Denmark
|
- | 0.07% | |
Switzerland
|
- | 0.06% | |
Sweden
|
- | 0.06% | |
Italy
|
- | 0.05% | |
Norway
|
- | 0.05% | |
Belgium
|
- | 0.03% | |
| Japan | 4.35% | - | |
Japan
|
- | 4.35% | |
| UK | 2.12% | - | |
United Kingdom
|
- | 2.12% | |
| North America | 1.18% | - | |
United States
|
- | 1.02% | |
Canada
|
- | 0.16% | |
| Commodities | 1.15% | - | |
| Cash and Equivalents | 0.27% | - | |
| Emerging Asia | 0.10% | - | |
Philippines
|
- | 0.10% | |
| Australia & New Zealand | 0.06% | - | |
Australia
|
- | 0.06% | |
| South & Central America | 0.04% | - | |
Mexico
|
- | 0.04% | |
| Middle East & Africa | 0.03% | - | |
Cote D'Ivoire
|
- | 0.02% | |
United Arab Emirates
|
- | 0.01% | |
| Developed Asia | 0.01% | - | |
Singapore
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
1.76% |
| Large |
|
1.53% |
| Medium |
|
0.75% |
| Small |
|
0.21% |
| Micro |
|
0.04% |
| Non-Classified |
|
89.35% |
| Bonds |
|
6.09% |
| Cash |
|
0.27% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | British Pound Spot | 1.28% | Non-Classified | Non-Classified |
| 2 | HITACHI | 0.13% | General Industrials | Japan |
| 3 | MITSUBISHI UFJ FINANCIAL GROUP | 0.13% | Banks | Japan |
| 4 | SONY CORP | 0.10% | Leisure Goods | Japan |
| 5 | MITSUI SUMITOMO INSURANCE CO. | 0.10% | Banks | Japan |
| 6 | SEVEN & I HOLDINGS CO. | 0.10% | Personal Care, Drug & Grocery Stores | Japan |
| 7 | RECRUIT HOLDINGS CO. | 0.10% | Industrial Support Services | Japan |
| 8 | HONDA MOTOR CO. | 0.09% | Automobiles & Parts | Japan |
| 9 | TOYOTA MOTOR CORPORATION | 0.09% | Automobiles & Parts | Japan |
| 10 | ORIX CORPORATION | 0.07% | Investment Banking & Brokerage Services | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 0.57% | - | - | - | - | - | - | 0.57% |
| Telecommunications | - | 0.12% | - | - | - | - | - | - | 0.12% |
| Financials | - | 0.74% | - | - | - | - | - | - | 0.74% |
| Real Estate | - | 0.14% | - | - | - | - | - | - | 0.14% |
| Consumer Discretionary | - | 0.81% | - | - | - | - | - | - | 0.81% |
| Consumer Staples | - | 0.36% | - | - | - | - | - | - | 0.36% |
| Energy | - | 0.02% | - | - | - | - | - | - | 0.02% |
| Utilities | - | 0.05% | - | - | - | - | - | - | 0.06% |
| Health Care | - | 0.18% | - | - | - | - | - | - | 0.18% |
| Industrials | - | 1.03% | - | - | - | - | - | - | 1.03% |
| Basic Materials | - | 0.29% | - | - | - | - | - | - | 0.29% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.27% | 0.27% |
| Bonds | - | - | 2.00% | 4.08% | - | - | - | - | 6.08% |
| Non-Classified | 0.12% | 0.01% | - | - | - | - | 89.19% | - | 89.32% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B8DRDK4 |
| Mex Code | - |
| Isin Code | GB00B8DRDK49 |
| Citi Code | GRPC |
Fund Charges
| Entry Charge | 3.00% |
| Ongoing Charges | 0.63% |
Aims and Benchmark
| Aims | The Fund aims to achieve capital appreciation over the long term |
| Benchmark | No Benchmark for this fund |
| Benchmark Category | - |
| IA Sector | Mixed Investment 40-85% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 07:00 |
| Fund type | ICVC |
| Launch price | £100.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 02 December | 31 January |
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 | State Street Trustees Limited |
| Fund Administrator | WAY Fund Managers |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | FP Russell Investments Limited |
| Group address | IFDS House St Nicholas Lane Basildon Essex SS15 5FS |
| Group telephone | 0845 002 0785 |
| Dealing telephone | - |
| - | |
| Homepage | https://russellinvestments.com/uk/ |
| Fax number | - |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £500 |
| Minimum Regular Saving | £100 |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.