MI RBC Brewin Dolphin Voyager Max 40% Equity A Acc
Report And Accounts
Simplified Prospectus / KIID
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 | -0.1% | -5.2% | 6.4% | 5.2% | 7.1% |
| Sector | -0.2% | -5.9% | 5.9% | 3.3% | 6.4% |
| Rank | 34/54 | 27/57 | 31/60 | 5/63 | 22/65 |
| Quartile | 3 | 2 | 3 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 6.2% | 2.5% | n/a | |
| Sector | 5.2% | 1.8% | 2.9% | |
| Rank | 17/60 | 21/54 | n/a | |
| Quartile | 2 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PNRTR 0.00% 040934 | 4.12 |
| ⅛% Treasury Gilt 2026 | 2.09 |
| 4⅜% Treasury Gilt 2028 | 1.12 |
| 3¾% Treasury Gilt 2053 | 0.69 |
| Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV | 0.69 |
| Baillie Gifford & Co Limited Scottish Mortgage Investment Trust Plc Ord GBP0.05 | 0.62 |
| 4½% Treasury Gilt 2028 | 0.51 |
| 4¾% Treasury Gilt 2043 | 0.49 |
| T 3.875% 310730 | 0.40 |
| 4⅝% Treasury Gilt 2034 | 0.39 |
| Total | 11.12 |
Fund Aims
The Sub-fund aims to deliver capital growth and income through an exposure to equities of up to 40%.
Fund Overview
| Mid (02/04/2026) | 120.18p |
| Historic yield | 2.66% |
| Fund size (31/01/2026) | £37.46m |
| Number of holdings | 3549 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.72% |
| Launch date | 28/10/2020 |
Asset Allocation
| International Bonds | 20.14% | |
| International Equities | 13.36% | |
| UK Gilts | 6.26% | |
| UK Equities | 4.64% | |
| Money Market | 3.27% | |
| Investment Trusts | 3.09% | |
| Cash and Equivalents | 2.10% | |
| UK Corporate Bonds | 1.37% | |
| Property | 0.84% | |
| Other Assets | 44.95% |
Portfolio data accurate as at:
Asset Allocation
| International Bonds | 20.14% | |
| International Equities | 13.36% | |
| UK Gilts | 6.26% | |
| UK Equities | 4.64% | |
| Money Market | 3.27% | |
| Investment Trusts | 3.09% | |
| Cash and Equivalents | 2.10% | |
| UK Corporate Bonds | 1.37% | |
| Property | 0.84% | |
| Other Assets | 44.95% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 47.35% | - | - | - | |
| Non-Classified | - | 40.72% | - | - | |
| Non-Classified | - | - | 40.72% | - | |
| Non-Classified | - | - | - | 40.72% | |
| Bonds | 27.77% | - | - | - | |
| Financials | 6.49% | - | - | - | |
| Financial Services | - | 3.87% | - | - | |
| Equity Investment Instruments | - | - | 3.09% | - | |
| Equity Investment Instruments | - | - | - | 3.09% | |
| Investment Banking & Brokerage Services | - | - | 0.60% | - | |
| Investment Services | - | - | - | 0.28% | |
| Asset Managers & Custodians | - | - | - | 0.28% | |
| Diversified Financial Services | - | - | - | 0.04% | |
| Finance & Credit Services | - | - | 0.18% | - | |
| Consumer Lending | - | - | - | 0.13% | |
| Mortgage Finance | - | - | - | 0.04% | |
| Financial Data & Systems | - | - | - | 0.01% | |
| Banks | - | 1.94% | - | - | |
| Banks | - | - | 1.94% | - | |
| Banks | - | - | - | 1.94% | |
| Insurance | - | 0.68% | - | - | |
| Non-life Insurance | - | - | 0.44% | - | |
| Property & Casualty Insurance | - | - | - | 0.23% | |
| Full Line Insurance | - | - | - | 0.14% | |
| Insurance Brokers | - | - | - | 0.04% | |
| Reinsurance | - | - | - | 0.04% | |
| Life Insurance | - | - | 0.24% | - | |
| Life Insurance | - | - | - | 0.24% | |
| Cash and Equivalents | 5.36% | - | - | - | |
| Industrials | 2.90% | - | - | - | |
| Industrial Goods & Services | - | 2.48% | - | - | |
| Industrial Support Services | - | - | 1.04% | - | |
| Business Training & Employment Agencies | - | - | - | 0.41% | |
| Industrial Suppliers | - | - | - | 0.32% | |
| Professional Business Support Services | - | - | - | 0.16% | |
| Transaction Processing Services | - | - | - | 0.15% | |
| Electronic & Electrical Equipment | - | - | 0.43% | - | |
| Electrical Components | - | - | - | 0.18% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.17% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.04% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.02% | |
| Electronic Equipment: Other | - | - | - | 0.01% | |
| Industrial Transportation | - | - | 0.39% | - | |
| Railroads | - | - | - | 0.22% | |
| Transportation Services | - | - | - | 0.09% | |
| Commercial Vehicles & Parts | - | - | - | 0.04% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Delivery Services | - | - | - | 0.01% | |
| Trucking | - | - | - | 0.00% | |
| General Industrials | - | - | 0.24% | - | |
| Diversified Industrials | - | - | - | 0.17% | |
| Containers & Packaging | - | - | - | 0.03% | |
| Glass | - | - | - | 0.03% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.21% | - | |
| Machinery: Industrial | - | - | - | 0.09% | |
| Machinery: Construction & Handling | - | - | - | 0.05% | |
| Machinery: Specialty | - | - | - | 0.04% | |
| Machinery: Tools | - | - | - | 0.02% | |
| Machinery: Agricultural | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.18% | - | |
| Aerospace | - | - | - | 0.12% | |
| Defense | - | - | - | 0.06% | |
| Construction & Materials | - | 0.42% | - | - | |
| Construction & Materials | - | - | 0.42% | - | |
| Building Materials: Other | - | - | - | 0.12% | |
| Building: Climate Control | - | - | - | 0.10% | |
| Cement | - | - | - | 0.08% | |
| Construction | - | - | - | 0.05% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Consumer Discretionary | 2.59% | - | - | - | |
| Consumer Products & Services | - | 0.74% | - | - | |
| Household Goods & Home Construction | - | - | 0.31% | - | |
| Home Construction | - | - | - | 0.25% | |
| Household Appliance | - | - | - | 0.06% | |
| Leisure Goods | - | - | 0.16% | - | |
| Electronic Entertainment | - | - | - | 0.10% | |
| Consumer Electronics | - | - | - | 0.03% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Photography | - | - | - | 0.01% | |
| Recreational Products | - | - | - | 0.01% | |
| Personal Goods | - | - | 0.15% | - | |
| Clothing & Accessories | - | - | - | 0.07% | |
| Luxury Items | - | - | - | 0.05% | |
| Cosmetics | - | - | - | 0.02% | |
| Footwear | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.13% | - | |
| Consumer Services: Misc. | - | - | - | 0.10% | |
| Education Services | - | - | - | 0.02% | |
| Vending & Catering Service | - | - | - | 0.00% | |
| Retail | - | 0.51% | - | - | |
| Retailers | - | - | 0.51% | - | |
| Diversified Retailers | - | - | - | 0.34% | |
| Apparel Retailers | - | - | - | 0.08% | |
| Specialty Retailers | - | - | - | 0.06% | |
| Home Improvement Retailers | - | - | - | 0.02% | |
| Travel & Leisure | - | 0.50% | - | - | |
| Travel & Leisure | - | - | 0.50% | - | |
| Restaurants & Bars | - | - | - | 0.21% | |
| Casinos & Gambling | - | - | - | 0.09% | |
| Hotels & Motels | - | - | - | 0.07% | |
| Airlines | - | - | - | 0.06% | |
| Travel & Tourism | - | - | - | 0.05% | |
| Recreational Services | - | - | - | 0.02% | |
| Media | - | 0.48% | - | - | |
| Media | - | - | 0.48% | - | |
| Radio & TV Broadcasters | - | - | - | 0.26% | |
| Media Agencies | - | - | - | 0.13% | |
| Entertainment | - | - | - | 0.05% | |
| Publishing | - | - | - | 0.04% | |
| Automobiles & Parts | - | 0.36% | - | - | |
| Automobiles & Parts | - | - | 0.36% | - | |
| Automobiles | - | - | - | 0.31% | |
| Auto Parts | - | - | - | 0.04% | |
| Technology | 2.55% | - | - | - | |
| Technology | - | 2.55% | - | - | |
| Technology Hardware & Equipment | - | - | 1.49% | - | |
| Semiconductors | - | - | - | 1.11% | |
| Computer Hardware | - | - | - | 0.17% | |
| Production Technology Equipment | - | - | - | 0.13% | |
| Electronic Components | - | - | - | 0.08% | |
| Software & Computer Services | - | - | 1.06% | - | |
| Consumer Digital Services | - | - | - | 0.53% | |
| Software | - | - | - | 0.38% | |
| Computer Services | - | - | - | 0.15% | |
| Real Estate | 1.52% | - | - | - | |
| Real Estate | - | 1.52% | - | - | |
| Real Estate Investment Trusts | - | - | 1.00% | - | |
| Diversified REITs | - | - | - | 0.50% | |
| Residential REITs | - | - | - | 0.12% | |
| Timber REITs | - | - | - | 0.08% | |
| Retail REITs | - | - | - | 0.07% | |
| Industrial REITs | - | - | - | 0.07% | |
| Office REITs | - | - | - | 0.05% | |
| Storage REITs | - | - | - | 0.04% | |
| Health Care REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.03% | |
| Other Specialty REITs | - | - | - | 0.01% | |
| Infrastructure REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.52% | - | |
| Real Estate Holding and Development | - | - | - | 0.50% | |
| Real Estate Services | - | - | - | 0.02% | |
| Health Care | 1.20% | - | - | - | |
| Health Care | - | 1.20% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.71% | - | |
| Pharmaceuticals | - | - | - | 0.56% | |
| Biotechnology | - | - | - | 0.14% | |
| Medical Equipment & Services | - | - | 0.46% | - | |
| Medical Equipment | - | - | - | 0.27% | |
| Medical Supplies | - | - | - | 0.18% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.04% | - | |
| Health Care Management Services | - | - | - | 0.02% | |
| Health Care Services | - | - | - | 0.01% | |
| Health Care Facilities | - | - | - | 0.01% | |
| Telecommunications | 1.14% | - | - | - | |
| Telecommunications | - | 1.14% | - | - | |
| Telecommunications Service Providers | - | - | 0.74% | - | |
| Telecommunications Services | - | - | - | 0.65% | |
| Cable Television Services | - | - | - | 0.10% | |
| Telecommunications Equipment | - | - | 0.40% | - | |
| Telecommunications Equipment | - | - | - | 0.40% | |
| Consumer Staples | 0.75% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.46% | - | - | |
| Beverages | - | - | 0.21% | - | |
| Soft Drinks | - | - | - | 0.13% | |
| Distillers & Vintners | - | - | - | 0.05% | |
| Brewers | - | - | - | 0.02% | |
| Food Producers | - | - | 0.18% | - | |
| Food Products | - | - | - | 0.18% | |
| Tobacco | - | - | 0.08% | - | |
| Tobacco | - | - | - | 0.08% | |
| Personal Care, Drug & Grocery Stores | - | 0.28% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.28% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.15% | |
| Personal Products | - | - | - | 0.12% | |
| Drug Retailers | - | - | - | 0.01% | |
| Nondurable Household Products | - | - | - | 0.01% | |
| Energy | 0.66% | - | - | - | |
| Energy | - | 0.66% | - | - | |
| Non-Renewable Energy | - | - | 0.66% | - | |
| Integrated Oil & Gas | - | - | - | 0.28% | |
| Oil: Crude Producers | - | - | - | 0.26% | |
| Oil Refining and Marketing | - | - | - | 0.05% | |
| Oil Equipment & Services | - | - | - | 0.03% | |
| Pipelines | - | - | - | 0.03% | |
| Basic Materials | 0.62% | - | - | - | |
| Basic Resources | - | 0.41% | - | - | |
| Industrial Metals & Mining | - | - | 0.24% | - | |
| General Mining | - | - | - | 0.14% | |
| Copper | - | - | - | 0.07% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Iron & Steel | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.09% | - | |
| Paper | - | - | - | 0.09% | |
| Precious Metals & Mining | - | - | 0.07% | - | |
| Gold Mining | - | - | - | 0.06% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Chemicals | - | 0.21% | - | - | |
| Chemicals | - | - | 0.21% | - | |
| Chemicals: Diversified | - | - | - | 0.13% | |
| Fertilizers | - | - | - | 0.04% | |
| Specialty Chemicals | - | - | - | 0.03% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.01% | |
| Utilities | 0.52% | - | - | - | |
| Utilities | - | 0.52% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.30% | - | |
| Multi-Utilities | - | - | - | 0.27% | |
| Gas Distribution | - | - | - | 0.03% | |
| Electricity | - | - | 0.22% | - | |
| Conventional Electricity | - | - | - | 0.20% | |
| Alternative Electricity | - | - | - | 0.02% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Commodities | 0.14% | - | - | - | |
| Commodities | - | 0.14% | - | - | |
| Commodities | - | - | 0.14% | - | |
| Commodities | - | - | - | 0.14% | |
| Alternative Trading Strategies | -1.55% | - | - | - | |
| Alternative Trading Strategies | - | -1.55% | - | - | |
| Alternative Trading Strategies | - | - | -1.55% | - | |
| Alternative Trading Strategies | - | - | - | -1.55% | |
Regional Allocation
| Non-Classified | 49.55% | |
| North America | 17.91% | |
| UK | 12.26% | |
| Developed Europe - Excl UK | 7.09% | |
| Cash and Equivalents | 5.36% | |
| Emerging Asia | 2.31% | |
| Japan | 1.66% | |
| Property | 0.82% | |
| Developed Asia | 0.77% | |
| Other Regions | 2.26% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 70.59% | |
| Pound Sterling | 13.81% | |
| US Dollar | 9.43% | |
| Euro | 4.32% | |
| Cash | 1.64% | |
| Australian Dollar | 0.11% | |
| Other Currencies | 0.09% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 49.55% | - | |
| North America | 17.91% | - | |
United States
|
- | 13.21% | |
Canada
|
- | 4.70% | |
| UK | 12.26% | - | |
United Kingdom
|
- | 12.26% | |
| Developed Europe - Excl UK | 7.09% | - | |
France
|
- | 1.26% | |
Netherlands
|
- | 1.09% | |
Ireland
|
- | 0.94% | |
Germany
|
- | 0.82% | |
Luxembourg
|
- | 0.71% | |
Spain
|
- | 0.49% | |
Belgium
|
- | 0.39% | |
Italy
|
- | 0.35% | |
Switzerland
|
- | 0.23% | |
Austria
|
- | 0.23% | |
Sweden
|
- | 0.16% | |
Norway
|
- | 0.16% | |
Denmark
|
- | 0.15% | |
Finland
|
- | 0.12% | |
Portugal
|
- | 0.00% | |
| Cash and Equivalents | 5.36% | - | |
| Emerging Asia | 2.31% | - | |
China
|
- | 0.59% | |
South Korea
|
- | 0.56% | |
Taiwan
|
- | 0.43% | |
India
|
- | 0.31% | |
Indonesia
|
- | 0.26% | |
Thailand
|
- | 0.07% | |
Uzbekistan
|
- | 0.07% | |
Philippines
|
- | 0.02% | |
Viet Nam
|
- | 0.01% | |
| Japan | 1.66% | - | |
Japan
|
- | 1.66% | |
| Property | 0.82% | - | |
| Developed Asia | 0.77% | - | |
Singapore
|
- | 0.43% | |
Hong Kong
|
- | 0.34% | |
| South & Central America | 0.76% | - | |
Mexico
|
- | 0.31% | |
Chile
|
- | 0.22% | |
Brazil
|
- | 0.19% | |
Peru
|
- | 0.03% | |
Colombia
|
- | 0.00% | |
| Australia & New Zealand | 0.61% | - | |
Australia
|
- | 0.61% | |
New Zealand
|
- | 0.00% | |
| Middle East & Africa | 0.54% | - | |
United Arab Emirates
|
- | 0.34% | |
Qatar
|
- | 0.07% | |
South Africa
|
- | 0.06% | |
Saudi Arabia
|
- | 0.04% | |
Kuwait
|
- | 0.02% | |
Israel
|
- | 0.01% | |
| Emerging Europe | 0.34% | - | |
Poland
|
- | 0.11% | |
Romania
|
- | 0.10% | |
Greece
|
- | 0.06% | |
Turkey
|
- | 0.02% | |
Czech Republic
|
- | 0.02% | |
Serbia
|
- | 0.02% | |
Bulgaria
|
- | 0.00% | |
Hungary
|
- | 0.00% | |
Lithuania
|
- | 0.00% | |
Latvia
|
- | 0.00% | |
| Commodities | 0.01% | - | |
Breakdown By Market Cap (%)
| Mega |
|
8.52% |
| Large |
|
3.97% |
| Medium |
|
4.24% |
| Small |
|
1.31% |
| Micro |
|
0.11% |
| Non-Classified |
|
48.72% |
| Bonds |
|
27.77% |
| Cash |
|
5.36% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
12.73% |
| 5Yr - 10Yr Maturity |
|
10.16% |
| 10Yr - 15Yr Maturity |
|
0.50% |
| > 15Yr Maturity |
|
3.69% |
| Cash And Equivalents |
|
5.36% |
| Unknown Maturity |
|
7.22% |
| Other Asset Types |
|
60.34% |
Fixed Interest Quality Profile
| AAA |
|
0.26% |
| AA |
|
7.41% |
| A |
|
1.57% |
| BBB |
|
4.39% |
| Sub-Investment Grade |
|
2.25% |
| Unknown Quality |
|
11.89% |
| Cash and Equivalents |
|
5.36% |
| Other Asset Types |
|
66.87% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PNRTR 0.00% 040934 | 4.12% | Bonds | Canada |
| 2 | ⅛% Treasury Gilt 2026 | 2.09% | Bonds | United Kingdom |
| 3 | 4⅜% Treasury Gilt 2028 | 1.12% | Bonds | United Kingdom |
| 4 | 3¾% Treasury Gilt 2053 | 0.69% | Bonds | United Kingdom |
| 5 | Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV | 0.69% | Bonds | Non-Classified |
| 6 | Baillie Gifford & Co Limited Scottish Mortgage Investment Trust Plc Ord GBP0.05 | 0.62% | Non-Classified | Non-Classified |
| 7 | 4½% Treasury Gilt 2028 | 0.51% | Bonds | United Kingdom |
| 8 | 4¾% Treasury Gilt 2043 | 0.49% | Bonds | United Kingdom |
| 9 | T 3.875% 310730 | 0.40% | Bonds | United States |
| 10 | 4⅝% Treasury Gilt 2034 | 0.39% | Bonds | United Kingdom |
Identification Codes
| Sedol Code | BLF9RQ3 |
| Mex Code | - |
| Isin Code | GB00BLF9RQ38 |
| Citi Code | BNWJ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.72% |
Aims and Benchmark
| Aims | The Sub-fund aims to deliver capital growth and income through an exposure to equities of up to 40%. |
| Benchmark | The performance of this Sub-fund can be compared against the performance of the Investment Association Mixed Investment 0-35% Shares Sector. This has been chosen as the most appropriate comparator for this Sub-fund as it most closely reflects the investment policy of the Sub-fund. |
| Benchmark Category | Comparator |
| IA Sector | Mixed Investment 0-35% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £100.00 |
| 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) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 01 September | 31 October |
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 | Northern Trust Global Services SE |
| Fund Administrator | Maitland Institutional Services Limited |
| Fund Registrar | Maitland Institutional Services Limited |
| Fund Custodian | Northern Trust Global Services SE |
Group Details
| Group name | MI RBC Brewin Dolphin Voyager |
| Group address | Maitland Administration Services Limited Hamilton Centre Rodney Way Chelmsford Essex CM1 3BY United Kingdom. |
| Group telephone | 01245 398955 |
| Dealing telephone | - |
| ClientServicesChelmsford@maitlandgroup.com | |
| Homepage | www.maitlandgroup.com |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | None |
| Dealing Decimals | - |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.92 |
| Beta | 0.99 |
| Sharpe | 0.55 |
| Standard Deviation | 4.88 |
| Info Ratio | 0.70 |
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 | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| 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 | No |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
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.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.