Carne Global Fund Managers CG AJ Bell Balanced Class I Acc

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

Performance

Discrete performance - to last month end

30/11/20
to
30/11/21		 30/11/21
to
30/11/22		 30/11/22
to
30/11/23		 30/11/23
to
30/11/24		 30/11/24
to
30/11/25
Fund 7.9% 1.0% 1.9% 11.5% 11.7%
Sector 11.9% -7.4% 2.2% 14.9% 9.9%
Rank 168/177 9/188 128/194 189/208 61/218
Quartile 4 1 3 4 2

Annualised performance

Annualised
3 Years to
30/11/25		 5 Years to
30/11/25		 10 Years to
30/11/25
Fund 8.3% 6.7% n/a
Sector 8.9% 6.0% 6.3%
Rank 127/194 70/177 n/a
Quartile 3 2 n/a

Top 10 Holdings

Stock % Weight
NVIDIA CORPORATION 1.42
MICROSOFT CORPORATION 1.26
US T Bill 1.25% 15/04/2028 (Index Linked) 1.22
APPLE 1.16
US T Bill 0.125% 15/04/2027 (Index Linked) 0.97
US T Bill 1.625% 15/10/2029 (Index Linked) 0.96
HSBC HOLDINGS 0.80
SHELL 0.79
ASTRAZENECA 0.78
US T Bill 0.125% 15/04/2026 (Index Linked) 0.73
Total 10.09

Fund Aims

The investment objective of the Fund is to achieve long-term capital growth with a balanced approach between defensive assets such as cash, fixed interest securities, money-market funds and collective investment schemes following alternative strategies such as property and commodities, and higher risk assets such as equities. This is to keep the Fund within a pre-determined risk profile. Capital is in fact at risk and there is no guarantee that capital growth will be achieved over a 5 year, or any period. The Fund will seek to achieve its objective (and so provide exposure to the asset classes noted in the objective) by investing predominantly (80% +), in index-tracking investments or strategies (those instruments and/or investment strategies that aim to track the performance of various financial indices) and which typically consist of collective investment schemes (including those managed or operated by the ACD) as well as equities, bonds and transferable securities. The Fund may also invest in non-index tracking collective investment schemes, equities, bonds, transferable securities, money market instruments, deposits, cash and near cash. 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. The Fund’s risk profile is managed by restricting the types of asset held and allocations to those assets. The risk profiles are determined by the external risk rating agency’s forward looking volatility assumptions. The Fund aims to operate with a risk rating of 5, on a scale of 1-10 where 1 is an allocation to cash and 10 is an allocation to riskier equity regions such as Asia and emerging markets. Please note that the above risk rating is calculated on a different basis from that shown in the ‘risk and reward profile’ section of this KIID. The current external risk rating agency is Distribution Technology. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price o

Fund Manager

AJ Bell Investments LLP manager for 8 years and 8 months

Photo of AJ Bell Investments LLP TBC

Fund Overview

Mid (17/12/2025) 169.30p
Historic yield -
Fund size (30/09/2025) £1508.41m
Number of holdings 10450
Entry Charge 0.00%
Ongoing Charges 0.31%
Launch date 18/04/2017

Asset Allocation

pie chart
  International Equities 35.22%
  International Bonds 20.38%
  UK Equities 11.68%
  UK Corporate Bonds 6.56%
  Cash and Equivalents 2.25%
  Money Market 1.13%
  Investment Trusts 0.61%
  Property 0.51%
  Alternative Trading Strategies 0.10%
  Other Assets 21.56%
Portfolio data accurate as at: 30/09/25
Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 35.22%
  International Bonds 20.38%
  UK Equities 11.68%
  UK Corporate Bonds 6.56%
  Cash and Equivalents 2.25%
  Money Market 1.13%
  Investment Trusts 0.61%
  Property 0.51%
  Alternative Trading Strategies 0.10%
  Other Assets 21.56%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 26.94% - - -
 
 Non-Classified 21.80% - - -
 
 Non-Classified - 20.25% - -
 
 Non-Classified - - 20.25% -
 
 Non-Classified - - - 20.25%
 
 Technology 10.72% - - -
 
 Technology - 10.72% - -
 
 Software & Computer Services - - 5.46% -
 
 Software - - - 2.51%
 
 Consumer Digital Services - - - 2.23%
 
 Computer Services - - - 0.73%
 
 Technology Hardware & Equipment - - 5.26% -
 
 Semiconductors - - - 3.20%
 
 Computer Hardware - - - 1.35%
 
 Production Technology Equipment - - - 0.45%
 
 Electronic Components - - - 0.26%
 
 Financials 8.88% - - -
 
 Banks - 4.38% - -
 
 Banks - - 4.38% -
 
 Banks - - - 4.38%
 
 Financial Services - 2.86% - -
 
 Investment Banking & Brokerage Services - - 1.76% -
 
 Asset Managers & Custodians - - - 0.72%
 
 Investment Services - - - 0.62%
 
 Diversified Financial Services - - - 0.42%
 
 Equity Investment Instruments - - 0.61% -
 
 Equity Investment Instruments - - - 0.61%
 
 Finance & Credit Services - - 0.48% -
 
 Financial Data & Systems - - - 0.40%
 
 Consumer Lending - - - 0.07%
 
 Mortgage Finance - - - 0.01%
 
 Insurance - 1.65% - -
 
 Non-life Insurance - - 1.05% -
 
 Full Line Insurance - - - 0.44%
 
 Property & Casualty Insurance - - - 0.34%
 
 Reinsurance - - - 0.14%
 
 Insurance Brokers - - - 0.13%
 
 Life Insurance - - 0.59% -
 
 Life Insurance - - - 0.59%
 
 Industrials 6.48% - - -
 
 Industrial Goods & Services - 5.80% - -
 
 Aerospace & Defence - - 1.66% -
 
 Aerospace - - - 1.03%
 
 Defense - - - 0.64%
 
 Industrial Support Services - - 1.41% -
 
 Transaction Processing Services - - - 0.69%
 
 Professional Business Support Services - - - 0.53%
 
 Industrial Suppliers - - - 0.14%
 
 Business Training & Employment Agencies - - - 0.03%
 
 Security Services - - - 0.02%
 
 Electronic & Electrical Equipment - - 0.77% -
 
 Electrical Components - - - 0.38%
 
 Electronic Equipment: Control & Filter - - - 0.16%
 
 Electronic Equipment: Gauges & Meters - - - 0.15%
 
 Electronic Equipment: Pollution Control - - - 0.04%
 
 Electronic Equipment: Other - - - 0.03%
 
 General Industrials - - 0.75% -
 
 Diversified Industrials - - - 0.59%
 
 Containers & Packaging - - - 0.08%
 
 Paints & Coatings - - - 0.05%
 
 Plastics - - - 0.02%
 
 Glass - - - 0.01%
 
 Industrial Transportation - - 0.74% -
 
 Transportation Services - - - 0.15%
 
 Commercial Vehicle-Equipment Leasing - - - 0.14%
 
 Railroads - - - 0.11%
 
 Delivery Services - - - 0.11%
 
 Commercial Vehicles & Parts - - - 0.09%
 
 Marine Transportation - - - 0.07%
 
 Railroad Equipment - - - 0.04%
 
 Trucking - - - 0.04%
 
 Industrial Engineering - - 0.48% -
 
 Machinery: Construction & Handling - - - 0.19%
 
 Machinery: Industrial - - - 0.14%
 
 Machinery: Engines - - - 0.05%
 
 Machinery: Agricultural - - - 0.04%
 
 Machinery: Tools - - - 0.04%
 
 Machinery: Specialty - - - 0.01%
 
 Construction & Materials - 0.68% - -
 
 Construction & Materials - - 0.68% -
 
 Building Materials: Other - - - 0.20%
 
 Construction - - - 0.16%
 
 Cement - - - 0.12%
 
 Building: Climate Control - - - 0.09%
 
 Engineering & Contracting Services - - - 0.07%
 
 Building, Roofing/Wallboard & Plumbing - - - 0.03%
 
 Consumer Discretionary 5.81% - - -
 
 Retail - 2.15% - -
 
 Retailers - - 2.15% -
 
 Diversified Retailers - - - 1.52%
 
 Home Improvement Retailers - - - 0.26%
 
 Specialty Retailers - - - 0.20%
 
 Apparel Retailers - - - 0.17%
 
 Consumer Products & Services - 1.33% - -
 
 Personal Goods - - 0.54% -
 
 Clothing & Accessories - - - 0.28%
 
 Luxury Items - - - 0.11%
 
 Footwear - - - 0.09%
 
 Cosmetics - - - 0.06%
 
 Consumer Services - - 0.37% -
 
 Vending & Catering Service - - - 0.22%
 
 Consumer Services: Misc. - - - 0.14%
 
 Education Services - - - 0.01%
 
 Rental & Leasing Services: Consumer - - - 0.00%
 
 Household Goods & Home Construction - - 0.24% -
 
 Home Construction - - - 0.19%
 
 Household Appliance - - - 0.03%
 
 Household Equipment & Products - - - 0.02%
 
 Household Furnishings - - - 0.00%
 
 Leisure Goods - - 0.18% -
 
 Electronic Entertainment - - - 0.09%
 
 Toys - - - 0.03%
 
 Consumer Electronics - - - 0.03%
 
 Recreational Vehicles & Boats - - - 0.02%
 
 Recreational Products - - - 0.01%
 
 Photography - - - 0.00%
 
 Travel & Leisure - 0.91% - -
 
 Travel & Leisure - - 0.91% -
 
 Travel & Tourism - - - 0.24%
 
 Restaurants & Bars - - - 0.23%
 
 Hotels & Motels - - - 0.17%
 
 Airlines - - - 0.17%
 
 Casinos & Gambling - - - 0.09%
 
 Recreational Services - - - 0.02%
 
 Automobiles & Parts - 0.85% - -
 
 Automobiles & Parts - - 0.85% -
 
 Automobiles - - - 0.75%
 
 Auto Parts - - - 0.07%
 
 Tires - - - 0.03%
 
 Auto Services - - - 0.00%
 
 Media - 0.56% - -
 
 Media - - 0.56% -
 
 Entertainment - - - 0.30%
 
 Media Agencies - - - 0.15%
 
 Radio & TV Broadcasters - - - 0.06%
 
 Publishing - - - 0.05%
 
 Health Care 4.53% - - -
 
 Health Care - 4.53% - -
 
 Pharmaceuticals & Biotechnology - - 3.22% -
 
 Pharmaceuticals - - - 2.93%
 
 Biotechnology - - - 0.29%
 
 Medical Equipment & Services - - 0.99% -
 
 Medical Equipment - - - 0.71%
 
 Medical Supplies - - - 0.24%
 
 Medical Services - - - 0.03%
 
 Health Care Providers - - 0.32% -
 
 Health Care Management Services - - - 0.19%
 
 Health Care Facilities - - - 0.08%
 
 Health Care Services - - - 0.05%
 
 Consumer Staples 3.51% - - -
 
 Food, Beverage & Tobacco - 2.04% - -
 
 Beverages - - 0.76% -
 
 Soft Drinks - - - 0.36%
 
 Distillers & Vintners - - - 0.28%
 
 Brewers - - - 0.12%
 
 Food Producers - - 0.66% -
 
 Food Products - - - 0.59%
 
 Farming, Fishing, Ranching & Plantations - - - 0.04%
 
 Fruit & Grain Processing - - - 0.03%
 
 Tobacco - - 0.62% -
 
 Tobacco - - - 0.62%
 
 Personal Care, Drug & Grocery Stores - 1.47% - -
 
 Personal Care, Drug & Grocery Stores - - 1.47% -
 
 Personal Products - - - 0.81%
 
 Food Retailers & Wholesalers - - - 0.35%
 
 Nondurable Household Products - - - 0.20%
 
 Drug Retailers - - - 0.11%
 
 Cash and Equivalents 3.38% - - -
 
 Energy 2.34% - - -
 
 Energy - 2.34% - -
 
 Non-Renewable Energy - - 2.23% -
 
 Integrated Oil & Gas - - - 1.59%
 
 Oil: Crude Producers - - - 0.21%
 
 Oil Refining and Marketing - - - 0.21%
 
 Pipelines - - - 0.10%
 
 Oil Equipment & Services - - - 0.07%
 
 Coal - - - 0.04%
 
 Offshore Drilling & Other Services - - - 0.00%
 
 Renewable Energy - - 0.11% -
 
 Renewable Energy Equipment - - - 0.11%
 
 Alternative Fuels - - - 0.00%
 
 Utilities 1.65% - - -
 
 Utilities - 1.65% - -
 
 Electricity - - 0.91% -
 
 Conventional Electricity - - - 0.87%
 
 Alternative Electricity - - - 0.04%
 
 Gas, Water & Multi-utilities - - 0.68% -
 
 Multi-Utilities - - - 0.50%
 
 Water - - - 0.13%
 
 Gas Distribution - - - 0.05%
 
 Waste & Disposal Services - - 0.06% -
 
 Waste & Disposal Services - - - 0.06%
 
 Basic Materials 1.53% - - -
 
 Basic Resources - 1.02% - -
 
 Industrial Metals & Mining - - 0.80% -
 
 General Mining - - - 0.53%
 
 Iron & Steel - - - 0.09%
 
 Copper - - - 0.08%
 
 Metal Fabricating - - - 0.05%
 
 Aluminum - - - 0.03%
 
 Nonferrous Metals - - - 0.02%
 
 Precious Metals & Mining - - 0.16% -
 
 Gold Mining - - - 0.14%
 
 Platinum & Precious Metals - - - 0.02%
 
 Diamonds & Gemstones - - - 0.00%
 
 Industrial Materials - - 0.06% -
 
 Paper - - - 0.04%
 
 Diversified Materials - - - 0.02%
 
 Forestry - - - 0.01%
 
 Chemicals - 0.51% - -
 
 Chemicals - - 0.51% -
 
 Chemicals: Diversified - - - 0.29%
 
 Specialty Chemicals - - - 0.19%
 
 Fertilizers - - - 0.04%
 
 Chemicals & Synthetic Fibers - - - 0.00%
 
 Telecommunications 1.31% - - -
 
 Telecommunications - 1.31% - -
 
 Telecommunications Service Providers - - 0.75% -
 
 Telecommunications Services - - - 0.69%
 
 Cable Television Services - - - 0.06%
 
 Telecommunications Equipment - - 0.56% -
 
 Telecommunications Equipment - - - 0.56%
 
 Real Estate 1.03% - - -
 
 Real Estate - 1.03% - -
 
 Real Estate Investment Trusts - - 0.76% -
 
 Residential REITs - - - 0.10%
 
 Retail REITs - - - 0.10%
 
 Other Specialty REITs - - - 0.10%
 
 Industrial REITs - - - 0.10%
 
 Health Care REITs - - - 0.10%
 
 Diversified REITs - - - 0.07%
 
 Infrastructure REITs - - - 0.07%
 
 Office REITs - - - 0.04%
 
 Storage REITs - - - 0.04%
 
 Hotel & Lodging REITs - - - 0.03%
 
 Timber REITs - - - 0.01%
 
 Real Estate Investment & Services - - 0.27% -
 
 Real Estate Holding and Development - - - 0.17%
 
 Real Estate Services - - - 0.10%
 
 Alternative Trading Strategies 0.10% - - -
 
 Alternative Trading Strategies - 0.10% - -
 
 Alternative Trading Strategies - - 0.10% -
 
 Alternative Trading Strategies - - - 0.10%

Regional Allocation

pie chart
  North America 30.27%
  Non-Classified 22.79%
  UK 18.22%
  Developed Europe - Excl UK 14.54%
  Emerging Asia 6.12%
  Cash and Equivalents 3.38%
  Middle East & Africa 1.34%
  South & Central America 0.96%
  Australia & New Zealand 0.65%
  Other Regions 1.74%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 72.85%
  Pound Sterling 17.91%
  US Dollar 8.59%
  Euro 0.39%
  Cash 0.21%
  Australian Dollar 0.02%
  Other Currencies 0.03%

Regional Breakdown

Expand allCollapse all
Region Country
 
 North America 30.27% -
 
 United States - 28.69%
 
 Canada - 1.58%
 
 Non-Classified 22.79% -
 
 UK 18.22% -
 
 United Kingdom - 18.24%
 
 Developed Europe - Excl UK 14.54% -
 
 France - 3.08%
 
 Germany - 2.59%
 
 Netherlands - 1.99%
 
 Switzerland - 1.68%
 
 Luxembourg - 0.91%
 
 Spain - 0.77%
 
 Ireland - 0.71%
 
 Sweden - 0.66%
 
 Italy - 0.58%
 
 Denmark - 0.48%
 
 Finland - 0.43%
 
 Norway - 0.25%
 
 Belgium - 0.19%
 
 Austria - 0.15%
 
 Portugal - 0.03%
 
 Emerging Asia 6.12% -
 
 China - 2.55%
 
 Taiwan - 1.15%
 
 India - 1.00%
 
 South Korea - 0.72%
 
 Philippines - 0.27%
 
 Indonesia - 0.21%
 
 Malaysia - 0.11%
 
 Thailand - 0.07%
 
 Kazakhstan - 0.02%
 
 Sri Lanka - 0.01%
 
 Uzbekistan - 0.01%
 
 Pakistan - 0.01%
 
 Armenia - 0.00%
 
 Mongolia - 0.00%
 
 Azerbaijan - 0.00%
 
 Kyrgyzstan - 0.00%
 
 Papua New Guinea - 0.00%
 
 Georgia - 0.00%
 
 Viet Nam - 0.00%
 
 Tajikistan - 0.00%
 
 Cash and Equivalents 3.38% -
 
 Middle East & Africa 1.34% -
 
 Saudi Arabia - 0.35%
 
 United Arab Emirates - 0.33%
 
 South Africa - 0.21%
 
 Qatar - 0.12%
 
 Cote D'Ivoire - 0.06%
 
 Israel - 0.06%
 
 Kuwait - 0.05%
 
 Egypt - 0.04%
 
 Oman - 0.03%
 
 Nigeria - 0.02%
 
 Morocco - 0.02%
 
 Angola - 0.01%
 
 Ghana - 0.01%
 
 Kenya - 0.01%
 
 Jordan - 0.01%
 
 Senegal - 0.00%
 
 Zambia - 0.00%
 
 Lebanon - 0.00%
 
 Gabon - 0.00%
 
 Benin - 0.00%
 
 Iraq - 0.00%
 
 Mozambique - 0.00%
 
 Rwanda - 0.00%
 
 Cameroon - 0.00%
 
 South & Central America 0.96% -
 
 Mexico - 0.37%
 
 Argentina - 0.12%
 
 Chile - 0.10%
 
 Colombia - 0.08%
 
 Brazil - 0.06%
 
 Peru - 0.04%
 
 Dominican Republic - 0.04%
 
 Venezuela - 0.03%
 
 Uruguay - 0.03%
 
 Honduras - 0.02%
 
 Ecuador - 0.01%
 
 Guatemala - 0.01%
 
 Costa Rica - 0.01%
 
 Paraguay - 0.01%
 
 El Salvador - 0.01%
 
 Jamaica - 0.01%
 
 Trinidad and Tobago - 0.01%
 
 Panama - 0.00%
 
 Bolivia - 0.00%
 
 Virgin Islands (British) - 0.00%
 
 Cayman Islands - 0.00%
 
 Suriname - 0.00%
 
 Barbados - 0.00%
 
 Australia & New Zealand 0.65% -
 
 Australia - 0.65%
 
 Property 0.53% -
 
 Emerging Europe 0.48% -
 
 Turkey - 0.16%
 
 Poland - 0.16%
 
 Hungary - 0.05%
 
 Greece - 0.05%
 
 Romania - 0.03%
 
 Ukraine - 0.01%
 
 Czech Republic - 0.01%
 
 Serbia - 0.01%
 
 Bulgaria - 0.00%
 
 Montenegro - 0.00%
 
 Russian Federation - 0.00%
 
 Developed Asia 0.47% -
 
 Hong Kong - 0.25%
 
 Singapore - 0.22%
 
 Japan 0.26% -
 
 Japan - 0.26%

Breakdown By Market Cap (%)

Mega
 
 
26.15%
Large
 
 
9.17%
Medium
 
 
3.04%
Small
 
 
0.47%
Micro
 
 
0.08%
Non-Classified
 
 
30.76%
Bonds
 
 
26.94%
Cash
 
 
3.38%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
18.38%
5Yr - 10Yr Maturity
 
 
4.27%
10Yr - 15Yr Maturity
 
 
1.61%
> 15Yr Maturity
 
 
2.68%
Cash And Equivalents
 
 
3.38%
Unknown Maturity
 
 
1.46%
Other Asset Types
 
 
68.22%

Fixed Interest Quality Profile

AAA
 
 
5.75%
AA
 
 
6.02%
A
 
 
4.15%
BBB
 
 
4.82%
Sub-Investment Grade
 
 
2.41%
Unknown Quality
 
 
3.78%
Cash and Equivalents
 
 
3.38%
Other Asset Types
 
 
69.68%

Top 10 Fund Holdings

Name % Weight Sector Country
1 SPDR ETF SPDR S&P 500 UCITS ETF - 18.25% Managed Funds Managed Funds
2 Vanguard FTSE U.K. All Share Index Unit Trust Institutional Plus GBP 12.76% Managed Funds Managed Funds
3 Vanguard U.K Investment Grade Bond Index Institutional Plus 9.41% Managed Funds Managed Funds
4 Vanguard FTSE Developed Europe ex-U.K Equity Index Institutional Plus GBP 7.80% Managed Funds Managed Funds
5 iShares iShares IV plc £ Ultrashort Bond UCITS ETF GBP (Dist) 6.00% Managed Funds Managed Funds
6 Amundi ETF Amundi Prime Japan UCITS ETF DR (D) 5.97% Managed Funds Managed Funds
7 Amundi ETF Amundi MSCI Emerging Ex China UCITS ETF Acc 5.08% Managed Funds Managed Funds
8 iShares iShares IV plc MSCI EM ex-China UCITS ETF USD (Acc) 4.20% Managed Funds Managed Funds
9 SSgA Emerging Markets Hard Currency Government Bond Index Class I 3.55% Managed Funds Managed Funds
10 BlackRock Institutional Cash Series ICS Sterling Liquidity Premier 2.99% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 NVIDIA CORPORATION 1.42% Technology Hardware & Equipment United States
2 MICROSOFT CORPORATION 1.26% Software & Computer Services United States
3 US T Bill 1.25% 15/04/2028 (Index Linked) 1.22% Bonds United States
4 APPLE 1.16% Technology Hardware & Equipment United States
5 US T Bill 0.125% 15/04/2027 (Index Linked) 0.97% Bonds United States
6 US T Bill 1.625% 15/10/2029 (Index Linked) 0.96% Bonds United States
7 HSBC HOLDINGS 0.80% Banks United Kingdom
8 SHELL 0.79% Non-Renewable Energy United Kingdom
9 ASTRAZENECA 0.78% Pharmaceuticals & Biotechnology United Kingdom
10 US T Bill 0.125% 15/04/2026 (Index Linked) 0.73% Bonds United States

Identification Codes

Sedol Code BYW8RX1
Mex Code VMSEW
Isin Code GB00BYW8RX12
Citi Code NT3E

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.31%

Aims and Benchmark

Aims The investment objective of the Fund is to achieve long-term capital growth with a balanced approach between defensive assets such as cash, fixed interest securities, money-market funds and collective investment schemes following alternative strategies such as property and commodities, and higher risk assets such as equities. This is to keep the Fund within a pre-determined risk profile. Capital is in fact at risk and there is no guarantee that capital growth will be achieved over a 5 year, or any period. The Fund will seek to achieve its objective (and so provide exposure to the asset classes noted in the objective) by investing predominantly (80% +), in index-tracking investments or strategies (those instruments and/or investment strategies that aim to track the performance of various financial indices) and which typically consist of collective investment schemes (including those managed or operated by the ACD) as well as equities, bonds and transferable securities. The Fund may also invest in non-index tracking collective investment schemes, equities, bonds, transferable securities, money market instruments, deposits, cash and near cash. 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. The Fund’s risk profile is managed by restricting the types of asset held and allocations to those assets. The risk profiles are determined by the external risk rating agency’s forward looking volatility assumptions. The Fund aims to operate with a risk rating of 5, on a scale of 1-10 where 1 is an allocation to cash and 10 is an allocation to riskier equity regions such as Asia and emerging markets. Please note that the above risk rating is calculated on a different basis from that shown in the ‘risk and reward profile’ section of this KIID. The current external risk rating agency is Distribution Technology. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price o
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 40-85% 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 40-85% 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)
30 September 31 May
31 March 30 November

Ratings

FE Crown Crown Rating of 3

Effect of Deductions

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

Fund Administration

Fund Trustee/Depository Northern Trust Investor Services Limited
Fund Administrator The Northern Trust Company
Fund Registrar The Northern Trust Company
Fund Custodian The Northern Trust Company

Group Details

Group name Carne Global Fund Managers (UK) Limited
Group address 107 Cheapside, London, EC2V 6DN
Group telephone 0 203 973 0100
Dealing telephone -
Email globalfundsolutions@carnegroup.com;ReportingServices@carnegroup.com
Homepage https://www.carnegroup.com/location/london
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