IFSL Marlborough 5 Portfolio Class P Inc

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24		 31/03/24
to
31/03/25		 31/03/25
to
31/03/26
Fund n/a n/a n/a n/a 9.2%
Sector 4.0% -4.6% 9.6% 3.5% 10.1%
Rank n/a n/a n/a n/a 122/213
Quartile n/a n/a n/a n/a 3

Annualised performance

Annualised
3 Years to
31/03/26		 5 Years to
31/03/26		 10 Years to
31/03/26
Fund n/a n/a n/a
Sector 7.7% 4.4% 5.5%
Rank n/a n/a n/a
Quartile n/a n/a n/a

Top 10 Holdings

Stock % Weight
CG RIV RD US LAR CAP SE 3.06
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.25
NVIDIA CORPORATION 0.78
APPLE 0.69
MICROSOFT CORPORATION 0.62
SAMSUNG ELECTRONICS CO. LTD 0.58
AMAZON.COM 0.39
SK HYNIX 0.37
TENCENT HOLDINGS LIMITED 0.32
ALPHABET 0.31
Total 8.36

Fund Aims

The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and income, which is money paid out of investments, such as interest from bonds and dividends from shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘5’. The risk classification is a range the Investment Manager maintains from 1 which is classified as the lowest risk to 10 which is classified as the highest risk.

Fund Overview

Mid (02/04/2026) 108.54p
Historic yield 0.83%
Fund size (02/03/2026) £79.80m
Number of holdings 24106
Entry Charge 0.00%
Ongoing Charges 0.63%
Launch date 21/03/2025

Asset Allocation

pie chart
  International Equities 34.98%
  International Bonds 24.63%
  Commodities 18.44%
  UK Gilts 6.44%
  UK Corporate Bonds 2.70%
  UK Equities 1.73%
  Cash and Equivalents 1.45%
  Property 0.30%
  Alternative Trading Strategies 0.23%
  Other Assets 9.09%
Portfolio data accurate as at: 02/03/26
Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 34.98%
  International Bonds 24.63%
  Commodities 18.44%
  UK Gilts 6.44%
  UK Corporate Bonds 2.70%
  UK Equities 1.73%
  Cash and Equivalents 1.45%
  Property 0.30%
  Alternative Trading Strategies 0.23%
  Other Assets 9.09%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 33.78% - - -
 
 Commodities 18.44% - - -
 
 Commodities - 18.44% - -
 
 Commodities - - 18.44% -
 
 Commodities - - - 18.44%
 
 Technology 8.94% - - -
 
 Technology - 8.94% - -
 
 Technology Hardware & Equipment - - 5.54% -
 
 Semiconductors - - - 3.36%
 
 Computer Hardware - - - 0.94%
 
 Production Technology Equipment - - - 0.81%
 
 Electronic Components - - - 0.43%
 
 Electronic Office Equipment - - - 0.00%
 
 Software & Computer Services - - 3.39% -
 
 Consumer Digital Services - - - 1.64%
 
 Software - - - 1.26%
 
 Computer Services - - - 0.49%
 
 Non-Classified 8.91% - - -
 
 Non-Classified - 4.40% - -
 
 Non-Classified - - 4.40% -
 
 Non-Classified - - - 4.40%
 
 Financials 6.63% - - -
 
 Banks - 4.03% - -
 
 Banks - - 4.03% -
 
 Banks - - - 4.03%
 
 Insurance - 1.45% - -
 
 Non-life Insurance - - 0.81% -
 
 Full Line Insurance - - - 0.48%
 
 Property & Casualty Insurance - - - 0.17%
 
 Reinsurance - - - 0.10%
 
 Insurance Brokers - - - 0.06%
 
 Life Insurance - - 0.64% -
 
 Life Insurance - - - 0.64%
 
 Financial Services - 1.15% - -
 
 Investment Banking & Brokerage Services - - 0.98% -
 
 Investment Services - - - 0.47%
 
 Diversified Financial Services - - - 0.34%
 
 Asset Managers & Custodians - - - 0.16%
 
 Finance & Credit Services - - 0.16% -
 
 Consumer Lending - - - 0.08%
 
 Financial Data & Systems - - - 0.07%
 
 Mortgage Finance - - - 0.01%
 
 Mortgage Real Estate Investment Trusts - - 0.01% -
 
 Mortgage REITs: Residential - - - 0.00%
 
 Mortgage REITs: Diversified - - - 0.00%
 
 Mortgage REITs: Commercial - - - 0.00%
 
 Equity Investment Instruments - - 0.01% -
 
 Equity Investment Instruments - - - 0.01%
 
 Nonequity Investment Instruments - - 0.00% -
 
 Nonequity Investment Instruments - - - 0.00%
 
 Industrials 5.84% - - -
 
 Industrial Goods & Services - 4.94% - -
 
 Industrial Transportation - - 1.21% -
 
 Railroads - - - 0.52%
 
 Transportation Services - - - 0.22%
 
 Marine Transportation - - - 0.15%
 
 Railroad Equipment - - - 0.10%
 
 Commercial Vehicles & Parts - - - 0.09%
 
 Delivery Services - - - 0.07%
 
 Commercial Vehicle-Equipment Leasing - - - 0.03%
 
 Trucking - - - 0.03%
 
 Industrial Support Services - - 1.06% -
 
 Transaction Processing Services - - - 0.38%
 
 Industrial Suppliers - - - 0.29%
 
 Professional Business Support Services - - - 0.15%
 
 Business Training & Employment Agencies - - - 0.14%
 
 Security Services - - - 0.10%
 
 Forms & Bulk Printing Services - - - 0.00%
 
 General Industrials - - 0.77% -
 
 Diversified Industrials - - - 0.51%
 
 Containers & Packaging - - - 0.17%
 
 Glass - - - 0.06%
 
 Paints & Coatings - - - 0.03%
 
 Plastics - - - 0.01%
 
 Aerospace & Defence - - 0.74% -
 
 Aerospace - - - 0.46%
 
 Defense - - - 0.27%
 
 Electronic & Electrical Equipment - - 0.66% -
 
 Electrical Components - - - 0.44%
 
 Electronic Equipment: Gauges & Meters - - - 0.11%
 
 Electronic Equipment: Control & Filter - - - 0.07%
 
 Electronic Equipment: Other - - - 0.02%
 
 Electronic Equipment: Pollution Control - - - 0.01%
 
 Industrial Engineering - - 0.51% -
 
 Machinery: Industrial - - - 0.29%
 
 Machinery: Construction & Handling - - - 0.09%
 
 Machinery: Engines - - - 0.07%
 
 Machinery: Tools - - - 0.03%
 
 Machinery: Agricultural - - - 0.02%
 
 Machinery: Specialty - - - 0.01%
 
 Construction & Materials - 0.90% - -
 
 Construction & Materials - - 0.90% -
 
 Construction - - - 0.35%
 
 Cement - - - 0.21%
 
 Building Materials: Other - - - 0.16%
 
 Engineering & Contracting Services - - - 0.12%
 
 Building: Climate Control - - - 0.05%
 
 Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
 Consumer Discretionary 4.47% - - -
 
 Retail - 1.38% - -
 
 Retailers - - 1.38% -
 
 Diversified Retailers - - - 0.96%
 
 Apparel Retailers - - - 0.22%
 
 Specialty Retailers - - - 0.10%
 
 Home Improvement Retailers - - - 0.10%
 
 Automobiles & Parts - 1.20% - -
 
 Automobiles & Parts - - 1.20% -
 
 Automobiles - - - 0.92%
 
 Auto Parts - - - 0.20%
 
 Tires - - - 0.08%
 
 Auto Services - - - 0.00%
 
 Consumer Products & Services - 1.07% - -
 
 Personal Goods - - 0.49% -
 
 Clothing & Accessories - - - 0.26%
 
 Luxury Items - - - 0.17%
 
 Cosmetics - - - 0.04%
 
 Footwear - - - 0.02%
 
 Leisure Goods - - 0.37% -
 
 Consumer Electronics - - - 0.17%
 
 Electronic Entertainment - - - 0.10%
 
 Photography - - - 0.05%
 
 Recreational Vehicles & Boats - - - 0.03%
 
 Recreational Products - - - 0.01%
 
 Toys - - - 0.01%
 
 Consumer Services - - 0.13% -
 
 Consumer Services: Misc. - - - 0.09%
 
 Vending & Catering Service - - - 0.02%
 
 Education Services - - - 0.01%
 
 Rental & Leasing Services: Consumer - - - 0.00%
 
 Funeral Parlors & Cemetery - - - 0.00%
 
 Storage Facilities - - - 0.00%
 
 Household Goods & Home Construction - - 0.09% -
 
 Home Construction - - - 0.04%
 
 Household Appliance - - - 0.03%
 
 Household Furnishings - - - 0.01%
 
 Household Equipment & Products - - - 0.00%
 
 Travel & Leisure - 0.63% - -
 
 Travel & Leisure - - 0.63% -
 
 Restaurants & Bars - - - 0.14%
 
 Hotels & Motels - - - 0.14%
 
 Airlines - - - 0.13%
 
 Casinos & Gambling - - - 0.11%
 
 Travel & Tourism - - - 0.09%
 
 Recreational Services - - - 0.01%
 
 Media - 0.19% - -
 
 Media - - 0.19% -
 
 Entertainment - - - 0.14%
 
 Media Agencies - - - 0.03%
 
 Radio & TV Broadcasters - - - 0.01%
 
 Publishing - - - 0.01%
 
 Health Care 2.43% - - -
 
 Health Care - 2.43% - -
 
 Pharmaceuticals & Biotechnology - - 1.64% -
 
 Pharmaceuticals - - - 1.29%
 
 Biotechnology - - - 0.36%
 
 Cannabis Producers - - - 0.00%
 
 Medical Equipment & Services - - 0.59% -
 
 Medical Equipment - - - 0.38%
 
 Medical Supplies - - - 0.21%
 
 Medical Services - - - 0.01%
 
 Health Care Providers - - 0.19% -
 
 Health Care Management Services - - - 0.09%
 
 Health Care Facilities - - - 0.08%
 
 Health Care Services - - - 0.02%
 
 Health Care: Misc. - - - 0.00%
 
 Utilities 1.96% - - -
 
 Utilities - 1.96% - -
 
 Electricity - - 1.31% -
 
 Conventional Electricity - - - 1.23%
 
 Alternative Electricity - - - 0.08%
 
 Gas, Water & Multi-utilities - - 0.62% -
 
 Gas Distribution - - - 0.26%
 
 Multi-Utilities - - - 0.21%
 
 Water - - - 0.16%
 
 Waste & Disposal Services - - 0.03% -
 
 Waste & Disposal Services - - - 0.03%
 
 Telecommunications 1.69% - - -
 
 Telecommunications - 1.69% - -
 
 Telecommunications Equipment - - 0.92% -
 
 Telecommunications Equipment - - - 0.92%
 
 Telecommunications Service Providers - - 0.77% -
 
 Telecommunications Services - - - 0.74%
 
 Cable Television Services - - - 0.03%
 
 Cash and Equivalents 1.67% - - -
 
 Consumer Staples 1.60% - - -
 
 Food, Beverage & Tobacco - 1.06% - -
 
 Food Producers - - 0.66% -
 
 Food Products - - - 0.62%
 
 Farming, Fishing, Ranching & Plantations - - - 0.02%
 
 Fruit & Grain Processing - - - 0.01%
 
 Sugar - - - 0.00%
 
 Beverages - - 0.29% -
 
 Soft Drinks - - - 0.14%
 
 Brewers - - - 0.09%
 
 Distillers & Vintners - - - 0.06%
 
 Tobacco - - 0.11% -
 
 Tobacco - - - 0.11%
 
 Personal Care, Drug & Grocery Stores - 0.55% - -
 
 Personal Care, Drug & Grocery Stores - - 0.55% -
 
 Food Retailers & Wholesalers - - - 0.26%
 
 Personal Products - - - 0.20%
 
 Drug Retailers - - - 0.06%
 
 Nondurable Household Products - - - 0.02%
 
 Miscellaneous Consumer Staple Goods - - - 0.00%
 
 Energy 1.29% - - -
 
 Energy - 1.29% - -
 
 Non-Renewable Energy - - 1.14% -
 
 Pipelines - - - 0.39%
 
 Integrated Oil & Gas - - - 0.32%
 
 Oil Refining and Marketing - - - 0.19%
 
 Oil: Crude Producers - - - 0.16%
 
 Oil Equipment & Services - - - 0.05%
 
 Coal - - - 0.03%
 
 Offshore Drilling & Other Services - - - 0.00%
 
 Renewable Energy - - 0.15% -
 
 Renewable Energy Equipment - - - 0.15%
 
 Alternative Fuels - - - 0.00%
 
 Basic Materials 1.15% - - -
 
 Basic Resources - 0.80% - -
 
 Industrial Metals & Mining - - 0.60% -
 
 General Mining - - - 0.30%
 
 Copper - - - 0.12%
 
 Iron & Steel - - - 0.11%
 
 Aluminum - - - 0.04%
 
 Metal Fabricating - - - 0.02%
 
 Nonferrous Metals - - - 0.01%
 
 Precious Metals & Mining - - 0.16% -
 
 Gold Mining - - - 0.15%
 
 Platinum & Precious Metals - - - 0.01%
 
 Diamonds & Gemstones - - - 0.00%
 
 Industrial Materials - - 0.04% -
 
 Paper - - - 0.03%
 
 Forestry - - - 0.01%
 
 Diversified Materials - - - 0.01%
 
 Textile Products - - - 0.00%
 
 Chemicals - 0.35% - -
 
 Chemicals - - 0.35% -
 
 Chemicals: Diversified - - - 0.23%
 
 Specialty Chemicals - - - 0.05%
 
 Chemicals & Synthetic Fibers - - - 0.05%
 
 Fertilizers - - - 0.01%
 
 Real Estate 0.97% - - -
 
 Real Estate - 0.97% - -
 
 Real Estate Investment & Services - - 0.53% -
 
 Real Estate Holding and Development - - - 0.42%
 
 Real Estate Services - - - 0.11%
 
 Real Estate Investment Trusts - - 0.44% -
 
 Infrastructure REITs - - - 0.09%
 
 Industrial REITs - - - 0.07%
 
 Retail REITs - - - 0.07%
 
 Residential REITs - - - 0.05%
 
 Health Care REITs - - - 0.04%
 
 Other Specialty REITs - - - 0.04%
 
 Diversified REITs - - - 0.03%
 
 Office REITs - - - 0.02%
 
 Hotel & Lodging REITs - - - 0.02%
 
 Storage REITs - - - 0.01%
 
 Timber REITs - - - 0.00%
 
 Alternative Trading Strategies 0.23% - - -
 
 Alternative Trading Strategies - 0.23% - -
 
 Alternative Trading Strategies - - 0.23% -
 
 Alternative Trading Strategies - - - 0.23%

Regional Allocation

pie chart
  Developed Europe - Excl UK 28.66%
  North America 23.96%
  UK 10.88%
  Emerging Asia 9.26%
  Japan 6.35%
  Non-Classified 9.22%
  South & Central America 2.43%
  Cash and Equivalents 1.67%
  Australia & New Zealand 1.57%
  Other Regions 6.02%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 65.01%
  US Dollar 14.57%
  Pound Sterling 10.00%
  Euro 5.04%
  Yen 1.28%
  Cash 1.21%
  Other Currencies 2.89%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 28.66% -
 
 Ireland - 16.12%
 
 Luxembourg - 2.07%
 
 France - 2.06%
 
 Germany - 1.79%
 
 Netherlands - 1.58%
 
 Italy - 1.31%
 
 Switzerland - 1.15%
 
 Spain - 1.14%
 
 Belgium - 0.32%
 
 Austria - 0.32%
 
 Sweden - 0.30%
 
 Denmark - 0.19%
 
 Norway - 0.14%
 
 Finland - 0.13%
 
 Iceland - 0.04%
 
 Portugal - 0.01%
 
 Faroe Islands - 0.00%
 
 Liechtenstein - 0.00%
 
 North America 23.96% -
 
 United States - 22.94%
 
 Canada - 1.02%
 
 Bermuda - 0.00%
 
 UK 10.88% -
 
 United Kingdom - 10.88%
 
 Emerging Asia 9.26% -
 
 China - 2.17%
 
 Taiwan - 2.03%
 
 South Korea - 1.94%
 
 India - 1.31%
 
 Indonesia - 0.46%
 
 Thailand - 0.30%
 
 Malaysia - 0.30%
 
 Uzbekistan - 0.17%
 
 Kazakhstan - 0.13%
 
 Philippines - 0.09%
 
 Azerbaijan - 0.08%
 
 Georgia - 0.06%
 
 Viet Nam - 0.04%
 
 Sri Lanka - 0.04%
 
 Pakistan - 0.03%
 
 Kyrgyzstan - 0.03%
 
 Tajikistan - 0.03%
 
 Papua New Guinea - 0.02%
 
 Armenia - 0.02%
 
 Mongolia - 0.01%
 
 Japan 6.35% -
 
 Japan - 6.35%
 
 Non-Classified 9.22% -
 
 South & Central America 2.43% -
 
 Mexico - 0.52%
 
 Brazil - 0.37%
 
 Colombia - 0.30%
 
 Peru - 0.15%
 
 Argentina - 0.15%
 
 Dominican Republic - 0.15%
 
 Paraguay - 0.13%
 
 Chile - 0.12%
 
 Uruguay - 0.10%
 
 Venezuela - 0.07%
 
 Guatemala - 0.05%
 
 Ecuador - 0.05%
 
 Barbados - 0.05%
 
 Trinidad and Tobago - 0.05%
 
 Jamaica - 0.04%
 
 Honduras - 0.04%
 
 Cayman Islands - 0.02%
 
 El Salvador - 0.02%
 
 Panama - 0.02%
 
 Costa Rica - 0.01%
 
 Suriname - 0.01%
 
 Puerto Rico - 0.00%
 
 Bolivia - 0.00%
 
 Cash and Equivalents 1.67% -
 
 Australia & New Zealand 1.57% -
 
 Australia - 1.50%
 
 New Zealand - 0.07%
 
 Commodities 1.52% -
 
 Emerging Europe 1.45% -
 
 Turkey - 0.31%
 
 Poland - 0.30%
 
 Hungary - 0.23%
 
 Romania - 0.17%
 
 Bulgaria - 0.09%
 
 Serbia - 0.09%
 
 Greece - 0.06%
 
 Czech Republic - 0.06%
 
 Ukraine - 0.05%
 
 Slovakia (Slovak Republic) - 0.02%
 
 Albania - 0.02%
 
 Macedonia, The Former Yugoslav Republic Of - 0.02%
 
 Lithuania - 0.02%
 
 Montenegro - 0.01%
 
 Latvia - 0.00%
 
 Slovenia - 0.00%
 
 Russian Federation - 0.00%
 
 Developed Asia 1.44% -
 
 Hong Kong - 0.95%
 
 Singapore - 0.48%
 
 Middle East & Africa 1.32% -
 
 South Africa - 0.36%
 
 United Arab Emirates - 0.16%
 
 Cote D'Ivoire - 0.10%
 
 Saudi Arabia - 0.09%
 
 Egypt - 0.07%
 
 Israel - 0.06%
 
 Morocco - 0.06%
 
 Nigeria - 0.05%
 
 Qatar - 0.04%
 
 Kenya - 0.04%
 
 Kuwait - 0.04%
 
 Togo - 0.04%
 
 Ghana - 0.04%
 
 Gabon - 0.04%
 
 Angola - 0.03%
 
 Mozambique - 0.03%
 
 Oman - 0.03%
 
 Zambia - 0.02%
 
 Jordan - 0.02%
 
 Senegal - 0.01%
 
 Property 0.29% -

Breakdown By Market Cap (%)

Mega
 
 
18.59%
Large
 
 
7.48%
Medium
 
 
3.40%
Small
 
 
0.67%
Micro
 
 
0.04%
Non-Classified
 
 
34.36%
Bonds
 
 
33.78%
Cash
 
 
1.67%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
13.34%
5Yr - 10Yr Maturity
 
 
9.72%
10Yr - 15Yr Maturity
 
 
3.72%
> 15Yr Maturity
 
 
7.00%
Cash And Equivalents
 
 
1.67%
Unknown Maturity
 
 
5.23%
Other Asset Types
 
 
59.32%

Fixed Interest Quality Profile

AAA
 
 
1.09%
AA
 
 
12.94%
A
 
 
5.03%
BBB
 
 
5.43%
Sub-Investment Grade
 
 
1.41%
Unknown Quality
 
 
7.88%
Cash and Equivalents
 
 
1.67%
Other Asset Types
 
 
64.55%

Top 10 Holdings

Stock % Weight Sector Country
1 CG RIV RD US LAR CAP SE 3.06% Non-Classified Non-Classified
2 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.25% Technology Hardware & Equipment Taiwan
3 NVIDIA CORPORATION 0.78% Technology Hardware & Equipment United States
4 APPLE 0.69% Technology Hardware & Equipment United States
5 MICROSOFT CORPORATION 0.62% Software & Computer Services United States
6 SAMSUNG ELECTRONICS CO. LTD 0.58% Telecommunications Equipment South Korea
7 AMAZON.COM 0.39% Retailers United States
8 SK HYNIX 0.37% Technology Hardware & Equipment South Korea
9 TENCENT HOLDINGS LIMITED 0.32% Software & Computer Services China
10 ALPHABET 0.31% Software & Computer Services United States

Identification Codes

Sedol Code BTZKK63
Mex Code IFAAZO
Isin Code GB00BTZKK639
Citi Code BSYJZ

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.63%

Aims and Benchmark

Aims The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and income, which is money paid out of investments, such as interest from bonds and dividends from shares. This will be achieved whilst aiming to maintain a risk rating classification of ‘5’. The risk classification is a range the Investment Manager maintains from 1 which is classified as the lowest risk to 10 which is classified as the highest risk.
Benchmark IA Volatility Managed
Benchmark Category -
IA Sector Volatility Managed

Fund Background

Valuation frequency Daily
Valuation point -
Fund type OEIC
Launch price -
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Biannually
Distribution Type No income
Distribution Payment Basis Net

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository HSBC Bank plc
Fund Administrator SS&C Financial Services International Limited
Fund Registrar Internal
Fund Custodian HSBC Bank plc

Group Details

Group name IFSL Marlborough
Group address PO Box 13586, Chelmsford. CM99 2GS
Group telephone 0808 145 2500
Dealing telephone -
Email service@marlboroughgroup.com
Homepage www.marlboroughgroup.com
Fax number -

Dealing

Minimum Investment -
Minimum Top Up -
Minimum Regular Saving -
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals -

Risk Analysis

Ratio Value
Alpha -
Beta -
Sharpe -
Standard Deviation -
Info Ratio -

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 No
Offshore No
Income Eroding Capital Growth Yes
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity Yes
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.

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.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

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.