Valu-Trac VT AJ Bell Cautious Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Portfolio data accurate as at:
Performance
Discrete performance - to last month end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 4.5% | -3.6% | -0.6% | 8.0% | 3.0% |
| Sector | 6.9% | -8.6% | -0.8% | 7.6% | 4.9% |
| Rank | 45/49 | 4/57 | 34/59 | 28/62 | 61/65 |
| Quartile | 4 | 1 | 3 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
||
| Fund | 3.4% | 2.2% | n/a | |
| Sector | 3.8% | 1.8% | 2.6% | |
| Rank | 42/59 | 28/49 | n/a | |
| Quartile | 3 | 3 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 1¼% Treasury Gilt 2027 | 2.50 |
| ⅛% Treasury Gilt 2026 | 2.00 |
| US T Bill 1.25% 15/04/2028 (Index Linked) | 1.78 |
| 3¾% Treasury Gilt 2052 | 1.55 |
| 3¼% Treasury Gilt 2044 | 1.54 |
| 1¾% Treasury Gilt 2037 | 1.54 |
| 4⅛% Treasury Gilt 2029 | 1.50 |
| US T Bill 1.625% 15/10/2029 (Index Linked) | 1.46 |
| US T Bill 0.125% 15/04/2027 (Index Linked) | 1.34 |
| 4¼% Treasury Stock 2032 | 1.02 |
| Total | 16.24 |
Fund Aims
The investment objective of the VT AJ Bell Passive Cautious is to achieve long-term capital growth with a high level of exposure to lower risk assets such as cash and fixed income and a low level of exposure to higher risk assets such as equities. The Fund will seek to achieve its objective by investing primarily in listed securities (ETFs, futures, fixed income securities, money market instruments and equities), but also, particularly in the early stages of the Fund's growth, in other collective investment schemes. The Fund will invest, wherever practically possible, in 'passive' investments, which are instruments and investment strategies that aim to track the performance of various financial indices. The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required. The Fund may have exposure to emerging markets through its investments in e.g. collective investment schemes or futures. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price of other assets) are held only for efficient portfolio management purposes.
Fund Manager
AJ Bell Investments LLP
manager
for
8 years
and 2 months
TBC
Fund Overview
| Mid (16/07/2025) | 123.87p |
| Historic yield | 1.55% |
| Fund size (30/06/2025) | £114.62m |
| Number of holdings | 7110 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.31% |
| Launch date | 18/04/2017 |
Asset Allocation
| International Bonds | 27.34% | |
| International Equities | 18.03% | |
| UK Gilts | 12.17% | |
| Money Market | 7.38% | |
| UK Corporate Bonds | 6.75% | |
| Cash and Equivalents | 5.34% | |
| UK Equities | 3.70% | |
| Alternative Trading Strategies | 0.28% | |
| Property | 0.26% | |
| Other Assets | 18.75% |
Portfolio data accurate as at:
Asset Allocation
| International Bonds | 27.34% | |
| International Equities | 18.03% | |
| UK Gilts | 12.17% | |
| Money Market | 7.38% | |
| UK Corporate Bonds | 6.75% | |
| Cash and Equivalents | 5.34% | |
| UK Equities | 3.70% | |
| Alternative Trading Strategies | 0.28% | |
| Property | 0.26% | |
| Other Assets | 18.75% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 46.26% | - | - | - | |
| Non-Classified | 18.67% | - | - | - | |
| Non-Classified | - | 14.52% | - | - | |
| Non-Classified | - | - | 14.52% | - | |
| Non-Classified | - | - | - | 14.52% | |
| Cash and Equivalents | 12.72% | - | - | - | |
| Technology | 5.13% | - | - | - | |
| Technology | - | 5.13% | - | - | |
| Technology Hardware & Equipment | - | - | 2.57% | - | |
| Semiconductors | - | - | - | 1.52% | |
| Computer Hardware | - | - | - | 0.73% | |
| Production Technology Equipment | - | - | - | 0.22% | |
| Electronic Components | - | - | - | 0.11% | |
| Software & Computer Services | - | - | 2.55% | - | |
| Software | - | - | - | 1.43% | |
| Consumer Digital Services | - | - | - | 0.80% | |
| Computer Services | - | - | - | 0.33% | |
| Financials | 3.80% | - | - | - | |
| Banks | - | 1.73% | - | - | |
| Banks | - | - | 1.73% | - | |
| Banks | - | - | - | 1.73% | |
| Financial Services | - | 1.26% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.87% | - | |
| Investment Services | - | - | - | 0.31% | |
| Asset Managers & Custodians | - | - | - | 0.31% | |
| Diversified Financial Services | - | - | - | 0.25% | |
| Finance & Credit Services | - | - | 0.20% | - | |
| Financial Data & Systems | - | - | - | 0.17% | |
| Consumer Lending | - | - | - | 0.02% | |
| Mortgage Finance | - | - | - | 0.00% | |
| Equity Investment Instruments | - | - | 0.19% | - | |
| Equity Investment Instruments | - | - | - | 0.19% | |
| Insurance | - | 0.81% | - | - | |
| Non-life Insurance | - | - | 0.61% | - | |
| Full Line Insurance | - | - | - | 0.25% | |
| Property & Casualty Insurance | - | - | - | 0.19% | |
| Insurance Brokers | - | - | - | 0.09% | |
| Reinsurance | - | - | - | 0.08% | |
| Life Insurance | - | - | 0.20% | - | |
| Life Insurance | - | - | - | 0.20% | |
| Industrials | 3.09% | - | - | - | |
| Industrial Goods & Services | - | 2.74% | - | - | |
| Industrial Support Services | - | - | 0.73% | - | |
| Transaction Processing Services | - | - | - | 0.41% | |
| Professional Business Support Services | - | - | - | 0.24% | |
| Industrial Suppliers | - | - | - | 0.06% | |
| Security Services | - | - | - | 0.01% | |
| Business Training & Employment Agencies | - | - | - | 0.01% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.67% | - | |
| Aerospace | - | - | - | 0.41% | |
| Defense | - | - | - | 0.26% | |
| General Industrials | - | - | 0.40% | - | |
| Diversified Industrials | - | - | - | 0.31% | |
| Containers & Packaging | - | - | - | 0.04% | |
| Paints & Coatings | - | - | - | 0.03% | |
| Plastics | - | - | - | 0.01% | |
| Glass | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.35% | - | |
| Electrical Components | - | - | - | 0.16% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.08% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.06% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.03% | |
| Electronic Equipment: Other | - | - | - | 0.02% | |
| Industrial Transportation | - | - | 0.34% | - | |
| Railroads | - | - | - | 0.07% | |
| Transportation Services | - | - | - | 0.06% | |
| Delivery Services | - | - | - | 0.05% | |
| Commercial Vehicles & Parts | - | - | - | 0.05% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.04% | |
| Marine Transportation | - | - | - | 0.03% | |
| Trucking | - | - | - | 0.02% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Industrial Engineering | - | - | 0.25% | - | |
| Machinery: Construction & Handling | - | - | - | 0.09% | |
| Machinery: Industrial | - | - | - | 0.08% | |
| Machinery: Agricultural | - | - | - | 0.03% | |
| Machinery: Engines | - | - | - | 0.02% | |
| Machinery: Tools | - | - | - | 0.02% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Construction & Materials | - | 0.35% | - | - | |
| Construction & Materials | - | - | 0.35% | - | |
| Building Materials: Other | - | - | - | 0.11% | |
| Construction | - | - | - | 0.07% | |
| Building: Climate Control | - | - | - | 0.06% | |
| Cement | - | - | - | 0.06% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.02% | |
| Consumer Discretionary | 2.70% | - | - | - | |
| Retail | - | 0.98% | - | - | |
| Retailers | - | - | 0.98% | - | |
| Diversified Retailers | - | - | - | 0.67% | |
| Home Improvement Retailers | - | - | - | 0.13% | |
| Specialty Retailers | - | - | - | 0.09% | |
| Apparel Retailers | - | - | - | 0.09% | |
| Consumer Products & Services | - | 0.59% | - | - | |
| Personal Goods | - | - | 0.28% | - | |
| Clothing & Accessories | - | - | - | 0.14% | |
| Luxury Items | - | - | - | 0.06% | |
| Footwear | - | - | - | 0.05% | |
| Cosmetics | - | - | - | 0.03% | |
| Consumer Services | - | - | 0.15% | - | |
| Consumer Services: Misc. | - | - | - | 0.08% | |
| Vending & Catering Service | - | - | - | 0.07% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.09% | - | |
| Home Construction | - | - | - | 0.08% | |
| Household Equipment & Products | - | - | - | 0.01% | |
| Household Appliance | - | - | - | 0.00% | |
| Household Furnishings | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.07% | - | |
| Electronic Entertainment | - | - | - | 0.03% | |
| Consumer Electronics | - | - | - | 0.01% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Toys | - | - | - | 0.01% | |
| Recreational Products | - | - | - | 0.01% | |
| Photography | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.42% | - | - | |
| Travel & Leisure | - | - | 0.42% | - | |
| Restaurants & Bars | - | - | - | 0.13% | |
| Travel & Tourism | - | - | - | 0.11% | |
| Hotels & Motels | - | - | - | 0.07% | |
| Airlines | - | - | - | 0.06% | |
| Casinos & Gambling | - | - | - | 0.04% | |
| Recreational Services | - | - | - | 0.01% | |
| Automobiles & Parts | - | 0.40% | - | - | |
| Automobiles & Parts | - | - | 0.40% | - | |
| Automobiles | - | - | - | 0.35% | |
| Auto Parts | - | - | - | 0.03% | |
| Tires | - | - | - | 0.02% | |
| Auto Services | - | - | - | 0.00% | |
| Media | - | 0.30% | - | - | |
| Media | - | - | 0.30% | - | |
| Entertainment | - | - | - | 0.18% | |
| Media Agencies | - | - | - | 0.05% | |
| Publishing | - | - | - | 0.04% | |
| Radio & TV Broadcasters | - | - | - | 0.03% | |
| Health Care | 2.26% | - | - | - | |
| Health Care | - | 2.26% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.48% | - | |
| Pharmaceuticals | - | - | - | 1.36% | |
| Biotechnology | - | - | - | 0.12% | |
| Medical Equipment & Services | - | - | 0.58% | - | |
| Medical Equipment | - | - | - | 0.41% | |
| Medical Supplies | - | - | - | 0.15% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.20% | - | |
| Health Care Management Services | - | - | - | 0.13% | |
| Health Care Facilities | - | - | - | 0.04% | |
| Health Care Services | - | - | - | 0.02% | |
| Consumer Staples | 1.58% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.95% | - | - | |
| Food Producers | - | - | 0.36% | - | |
| Food Products | - | - | - | 0.32% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Beverages | - | - | 0.34% | - | |
| Soft Drinks | - | - | - | 0.18% | |
| Distillers & Vintners | - | - | - | 0.10% | |
| Brewers | - | - | - | 0.06% | |
| Tobacco | - | - | 0.24% | - | |
| Tobacco | - | - | - | 0.24% | |
| Personal Care, Drug & Grocery Stores | - | 0.63% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.63% | - | |
| Personal Products | - | - | - | 0.35% | |
| Food Retailers & Wholesalers | - | - | - | 0.14% | |
| Nondurable Household Products | - | - | - | 0.07% | |
| Drug Retailers | - | - | - | 0.07% | |
| Energy | 0.97% | - | - | - | |
| Energy | - | 0.97% | - | - | |
| Non-Renewable Energy | - | - | 0.93% | - | |
| Integrated Oil & Gas | - | - | - | 0.59% | |
| Oil: Crude Producers | - | - | - | 0.12% | |
| Oil Refining and Marketing | - | - | - | 0.10% | |
| Pipelines | - | - | - | 0.06% | |
| Oil Equipment & Services | - | - | - | 0.03% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.04% | - | |
| Renewable Energy Equipment | - | - | - | 0.04% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Utilities | 0.80% | - | - | - | |
| Utilities | - | 0.80% | - | - | |
| Electricity | - | - | 0.48% | - | |
| Conventional Electricity | - | - | - | 0.47% | |
| Alternative Electricity | - | - | - | 0.01% | |
| Gas, Water & Multi-utilities | - | - | 0.28% | - | |
| Multi-Utilities | - | - | - | 0.21% | |
| Water | - | - | - | 0.05% | |
| Gas Distribution | - | - | - | 0.02% | |
| Waste & Disposal Services | - | - | 0.04% | - | |
| Waste & Disposal Services | - | - | - | 0.04% | |
| Basic Materials | 0.65% | - | - | - | |
| Basic Resources | - | 0.38% | - | - | |
| Industrial Metals & Mining | - | - | 0.30% | - | |
| General Mining | - | - | - | 0.18% | |
| Iron & Steel | - | - | - | 0.04% | |
| Copper | - | - | - | 0.03% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Aluminum | - | - | - | 0.01% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.05% | - | |
| Gold Mining | - | - | - | 0.04% | |
| Platinum & Precious Metals | - | - | - | 0.00% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.03% | - | |
| Paper | - | - | - | 0.02% | |
| Diversified Materials | - | - | - | 0.01% | |
| Forestry | - | - | - | 0.00% | |
| Chemicals | - | 0.27% | - | - | |
| Chemicals | - | - | 0.27% | - | |
| Chemicals: Diversified | - | - | - | 0.15% | |
| Specialty Chemicals | - | - | - | 0.10% | |
| Fertilizers | - | - | - | 0.02% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Telecommunications | 0.59% | - | - | - | |
| Telecommunications | - | 0.59% | - | - | |
| Telecommunications Service Providers | - | - | 0.39% | - | |
| Telecommunications Services | - | - | - | 0.34% | |
| Cable Television Services | - | - | - | 0.04% | |
| Telecommunications Equipment | - | - | 0.20% | - | |
| Telecommunications Equipment | - | - | - | 0.20% | |
| Real Estate | 0.51% | - | - | - | |
| Real Estate | - | 0.51% | - | - | |
| Real Estate Investment Trusts | - | - | 0.41% | - | |
| Other Specialty REITs | - | - | - | 0.06% | |
| Residential REITs | - | - | - | 0.06% | |
| Retail REITs | - | - | - | 0.06% | |
| Health Care REITs | - | - | - | 0.05% | |
| Infrastructure REITs | - | - | - | 0.05% | |
| Industrial REITs | - | - | - | 0.04% | |
| Diversified REITs | - | - | - | 0.02% | |
| Storage REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Office REITs | - | - | - | 0.02% | |
| Timber REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 0.10% | - | |
| Real Estate Holding and Development | - | - | - | 0.06% | |
| Real Estate Services | - | - | - | 0.03% | |
| Alternative Trading Strategies | 0.28% | - | - | - | |
| Alternative Trading Strategies | - | 0.28% | - | - | |
| Alternative Trading Strategies | - | - | 0.28% | - | |
| Alternative Trading Strategies | - | - | - | 0.28% | |
Regional Allocation
| North America | 26.86% | |
| UK | 22.61% | |
| Non-Classified | 20.91% | |
| Cash and Equivalents | 12.72% | |
| Developed Europe - Excl UK | 12.39% | |
| Emerging Asia | 1.97% | |
| Australia & New Zealand | 1.11% | |
| Middle East & Africa | 0.48% | |
| Developed Asia | 0.29% | |
| Other Regions | 0.68% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 52.85% | |
| Pound Sterling | 36.11% | |
| US Dollar | 9.58% | |
| Cash | 0.89% | |
| Euro | 0.53% | |
| Canadian Dollar | 0.01% | |
| Other Currencies | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 26.86% | - | |
United States
|
- | 24.19% | |
Canada
|
- | 2.67% | |
| UK | 22.61% | - | |
United Kingdom
|
- | 22.61% | |
| Non-Classified | 20.91% | - | |
| Cash and Equivalents | 12.72% | - | |
| Developed Europe - Excl UK | 12.39% | - | |
France
|
- | 2.94% | |
Germany
|
- | 2.23% | |
Netherlands
|
- | 1.78% | |
Luxembourg
|
- | 1.26% | |
Switzerland
|
- | 1.10% | |
Spain
|
- | 0.52% | |
Sweden
|
- | 0.50% | |
Finland
|
- | 0.45% | |
Italy
|
- | 0.41% | |
Ireland
|
- | 0.39% | |
Denmark
|
- | 0.34% | |
Norway
|
- | 0.27% | |
Belgium
|
- | 0.15% | |
Austria
|
- | 0.02% | |
Portugal
|
- | 0.02% | |
| Emerging Asia | 1.97% | - | |
India
|
- | 0.51% | |
Taiwan
|
- | 0.50% | |
Philippines
|
- | 0.44% | |
South Korea
|
- | 0.28% | |
China
|
- | 0.13% | |
Malaysia
|
- | 0.04% | |
Indonesia
|
- | 0.04% | |
Thailand
|
- | 0.03% | |
Pakistan
|
- | 0.00% | |
Viet Nam
|
- | 0.00% | |
Bangladesh
|
- | 0.00% | |
| Australia & New Zealand | 1.11% | - | |
Australia
|
- | 1.11% | |
| Middle East & Africa | 0.48% | - | |
United Arab Emirates
|
- | 0.14% | |
Cote D'Ivoire
|
- | 0.11% | |
Saudi Arabia
|
- | 0.10% | |
South Africa
|
- | 0.08% | |
Qatar
|
- | 0.02% | |
Kuwait
|
- | 0.02% | |
Israel
|
- | 0.00% | |
Egypt
|
- | 0.00% | |
| Developed Asia | 0.29% | - | |
Singapore
|
- | 0.29% | |
Hong Kong
|
- | 0.00% | |
| Property | 0.26% | - | |
| South & Central America | 0.20% | - | |
Mexico
|
- | 0.13% | |
Venezuela
|
- | 0.04% | |
Chile
|
- | 0.02% | |
Brazil
|
- | 0.01% | |
Colombia
|
- | 0.00% | |
Peru
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 0.11% | - | |
Poland
|
- | 0.05% | |
Greece
|
- | 0.03% | |
Turkey
|
- | 0.02% | |
Hungary
|
- | 0.01% | |
Czech Republic
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
| Japan | 0.10% | - | |
Japan
|
- | 0.10% | |
Breakdown By Market Cap (%)
| Mega |
|
12.32% |
| Large |
|
4.33% |
| Medium |
|
1.19% |
| Small |
|
0.14% |
| Micro |
|
0.03% |
| Non-Classified |
|
23.01% |
| Bonds |
|
46.26% |
| Cash |
|
12.72% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
32.25% |
| 5Yr - 10Yr Maturity |
|
5.02% |
| 10Yr - 15Yr Maturity |
|
3.27% |
| > 15Yr Maturity |
|
5.72% |
| Cash And Equivalents |
|
12.72% |
| Unknown Maturity |
|
4.08% |
| Other Asset Types |
|
36.94% |
Fixed Interest Quality Profile
| AAA |
|
8.61% |
| AA |
|
23.65% |
| A |
|
5.22% |
| BBB |
|
5.51% |
| Sub-Investment Grade |
|
1.00% |
| Unknown Quality |
|
2.27% |
| Cash and Equivalents |
|
12.72% |
| Other Asset Types |
|
41.02% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Vanguard U.K Investment Grade Bond Index Institutional Plus | 13.32% | Managed Funds | Managed Funds |
| 2 | BlackRock Institutional Cash Series ICS Sterling Liquidity Premier | 11.10% | Managed Funds | Managed Funds |
| 3 | SPDR ETF SPDR S&P 500 UCITS ETF - | 10.28% | Managed Funds | Managed Funds |
| 4 | iShares iShares IV plc £ Ultrashort Bond UCITS ETF GBP (Dist) | 9.99% | Managed Funds | Managed Funds |
| 5 | SSgA Emerging Markets Hard Currency Government Bond Index Class I | 6.09% | Managed Funds | Managed Funds |
| 6 | Vanguard FTSE Developed Europe ex-U.K Equity Index Institutional Plus GBP | 4.19% | Managed Funds | Managed Funds |
| 7 | Vanguard FTSE U.K. All Share Index Unit Trust Institutional Plus GBP | 4.07% | Managed Funds | Managed Funds |
| 8 | SSgA Global High Yield Constrained Index Class I Hedged | 2.99% | Managed Funds | Managed Funds |
| 9 | 1¼% Treasury Gilt 2027 | 2.50% | Bonds | United Kingdom |
| 10 | Invesco Markets Plc Invesco GBP Corporate Bond UCITS ETF (Dist.) | 2.48% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 1¼% Treasury Gilt 2027 | 2.50% | Bonds | United Kingdom |
| 2 | ⅛% Treasury Gilt 2026 | 2.00% | Bonds | United Kingdom |
| 3 | US T Bill 1.25% 15/04/2028 (Index Linked) | 1.78% | Bonds | United States |
| 4 | 3¾% Treasury Gilt 2052 | 1.55% | Bonds | United Kingdom |
| 5 | 3¼% Treasury Gilt 2044 | 1.54% | Bonds | United Kingdom |
| 6 | 1¾% Treasury Gilt 2037 | 1.54% | Bonds | United Kingdom |
| 7 | 4⅛% Treasury Gilt 2029 | 1.50% | Bonds | United Kingdom |
| 8 | US T Bill 1.625% 15/10/2029 (Index Linked) | 1.46% | Bonds | United States |
| 9 | US T Bill 0.125% 15/04/2027 (Index Linked) | 1.34% | Bonds | United States |
| 10 | 4¼% Treasury Stock 2032 | 1.02% | Bonds | United Kingdom |
Identification Codes
| Sedol Code | BYW8RV9 |
| Mex Code | VMSEI |
| Isin Code | GB00BYW8RV97 |
| Citi Code | NT3G |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.31% |
Aims and Benchmark
| Aims | The investment objective of the VT AJ Bell Passive Cautious is to achieve long-term capital growth with a high level of exposure to lower risk assets such as cash and fixed income and a low level of exposure to higher risk assets such as equities. The Fund will seek to achieve its objective by investing primarily in listed securities (ETFs, futures, fixed income securities, money market instruments and equities), but also, particularly in the early stages of the Fund's growth, in other collective investment schemes. The Fund will invest, wherever practically possible, in 'passive' investments, which are instruments and investment strategies that aim to track the performance of various financial indices. The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required. The Fund may have exposure to emerging markets through its investments in e.g. collective investment schemes or futures. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price of other assets) are held only for efficient portfolio management purposes. |
| Benchmark | NONE - The performance of the Fund can be assessed by comparing its total return to funds with similar return and/or risk objectives. The IA (Investment Association) provides the median performance of funds with similar characteristics (IA sectors). The Fund is assigned to the Mixed Investment 0-35% Shares IA sector. Other providers also provide peer groups, based on asset allocation or historical volatility, of which the Fund may be assigned, these may be a useful guide to assess performance. |
| Benchmark Category | Comparator |
| IA Sector | Mixed Investment 0-35% 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 | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 March | 31 May |
| 30 September | 30 November |
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 | The National Westminster Bank plc |
| Fund Administrator | Valu-Trac Investment Management Limited |
| Fund Registrar | Valu-Trac Investment Management Limited |
| Fund Custodian | RBC Investor Services Trust (London Branch) |
Group Details
| Group name | Valu-Trac |
| Group address | Valu-Trac Investment Management Limited Orton, Fochabers Moray Scotland IV32 7QE |
| Group telephone | 01343 880217 |
| Dealing telephone | - |
| - | |
| Homepage | www.valu-trac.com/index.php |
| Fax number | - |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £25 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.29 |
| Beta | 0.79 |
| Sharpe | 0.00 |
| Standard Deviation | 4.56 |
| Info Ratio | -0.28 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| 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 | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | Yes |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
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.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
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.