Valu-Trac VT AJ Bell Income Class I Acc

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

Performance

Discrete performance - to last month end

30/09/20
to
30/09/21
30/09/21
to
30/09/22
30/09/22
to
30/09/23
30/09/23
to
30/09/24
30/09/24
to
30/09/25
Fund 10.7% -1.7% 2.9% 11.7% 7.7%

Annualised performance

Annualised
3 Years to
30/09/25
5 Years to
30/09/25
10 Years to
30/09/25
Fund 7.4% 6.1% n/a

Top 10 Holdings

Stock % Weight
TREASURY (CPI) NOTE 1.13
ASTRAZENECA 1.11
HSBC HOLDINGS 1.05
SHELL 1.03
TREASURY (CPI) NOTE 0.92
TREASURY (CPI) NOTE 0.91
UNILEVER 0.72
US T Bill 0.125% 15/04/2026 (Index Linked) 0.66
ROLLS-ROYCE HOLDINGS 0.57
BRITISH AMERICAN TOBACCO P.L.C. 0.51
Total 8.62

Fund Aims

The investment objective of VT AJ Bell Income is to generate income whilst maintaining capital value over a typical investment cycle (5-10 years) through a focus on exposure to a broad range of income generating assets such as bonds and equities. The Fund has a target average yield of 3-5% per annum (over a trailing three year period), which is not guaranteed and may be subject to change as the assumptions on which the target was calculated may change

Fund Manager

AJ Bell Investments LLP manager for 6 years and 6 months

Photo of AJ Bell Investments LLP TBC

Fund Overview

Mid (08/10/2025) 138.74p
Historic yield -
Fund size (29/08/2025) £58.99m
Number of holdings 8437
Entry Charge 0.00%
Ongoing Charges 0.50%
Launch date 08/04/2019

Asset Allocation

pie chart
  International Equities 22.70%
  International Bonds 19.07%
  UK Equities 15.07%
  UK Corporate Bonds 7.28%
  Cash and Equivalents 2.67%
  Property 1.99%
  Money Market 1.14%
  Investment Trusts 0.13%
  Alternative Trading Strategies 0.00%
  Other Assets 29.95%
Portfolio data accurate as at: 29/08/25
Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 22.70%
  International Bonds 19.07%
  UK Equities 15.07%
  UK Corporate Bonds 7.28%
  Cash and Equivalents 2.67%
  Property 1.99%
  Money Market 1.14%
  Investment Trusts 0.13%
  Alternative Trading Strategies 0.00%
  Other Assets 29.95%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 29.97% - - -
 
Non-Classified - 28.58% - -
 
Non-Classified - - 28.58% -
 
Non-Classified - - - 28.58%
 
Bonds 26.35% - - -
 
Financials 8.63% - - -
 
Banks - 4.24% - -
 
Banks - - 4.24% -
 
Banks - - - 4.24%
 
Insurance - 2.61% - -
 
Non-life Insurance - - 1.72% -
 
Full Line Insurance - - - 1.04%
 
Reinsurance - - - 0.34%
 
Property & Casualty Insurance - - - 0.34%
 
Insurance Brokers - - - 0.00%
 
Life Insurance - - 0.89% -
 
Life Insurance - - - 0.89%
 
Financial Services - 1.78% - -
 
Investment Banking & Brokerage Services - - 1.32% -
 
Asset Managers & Custodians - - - 0.78%
 
Diversified Financial Services - - - 0.28%
 
Investment Services - - - 0.26%
 
Finance & Credit Services - - 0.33% -
 
Financial Data & Systems - - - 0.29%
 
Consumer Lending - - - 0.04%
 
Mortgage Finance - - - 0.00%
 
Equity Investment Instruments - - 0.13% -
 
Equity Investment Instruments - - - 0.13%
 
Consumer Staples 5.05% - - -
 
Food, Beverage & Tobacco - 3.34% - -
 
Food Producers - - 1.37% -
 
Food Products - - - 1.36%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.01%
 
Tobacco - - 1.16% -
 
Tobacco - - - 1.16%
 
Beverages - - 0.81% -
 
Distillers & Vintners - - - 0.40%
 
Soft Drinks - - - 0.33%
 
Brewers - - - 0.08%
 
Personal Care, Drug & Grocery Stores - 1.71% - -
 
Personal Care, Drug & Grocery Stores - - 1.71% -
 
Personal Products - - - 0.82%
 
Food Retailers & Wholesalers - - - 0.44%
 
Nondurable Household Products - - - 0.41%
 
Drug Retailers - - - 0.03%
 
Industrials 4.59% - - -
 
Industrial Goods & Services - 4.43% - -
 
Aerospace & Defence - - 1.15% -
 
Aerospace - - - 0.63%
 
Defense - - - 0.52%
 
Industrial Transportation - - 0.88% -
 
Delivery Services - - - 0.29%
 
Marine Transportation - - - 0.20%
 
Commercial Vehicle-Equipment Leasing - - - 0.15%
 
Commercial Vehicles & Parts - - - 0.10%
 
Railroads - - - 0.07%
 
Transportation Services - - - 0.05%
 
Railroad Equipment - - - 0.01%
 
Trucking - - - 0.00%
 
Industrial Support Services - - 0.76% -
 
Professional Business Support Services - - - 0.45%
 
Industrial Suppliers - - - 0.20%
 
Business Training & Employment Agencies - - - 0.08%
 
Security Services - - - 0.02%
 
Transaction Processing Services - - - 0.01%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.72% -
 
Diversified Industrials - - - 0.44%
 
Containers & Packaging - - - 0.25%
 
Paints & Coatings - - - 0.01%
 
Glass - - - 0.01%
 
Plastics - - - 0.01%
 
Electronic & Electrical Equipment - - 0.59% -
 
Electrical Components - - - 0.37%
 
Electronic Equipment: Gauges & Meters - - - 0.17%
 
Electronic Equipment: Control & Filter - - - 0.04%
 
Electronic Equipment: Pollution Control - - - 0.00%
 
Electronic Equipment: Other - - - 0.00%
 
Industrial Engineering - - 0.34% -
 
Machinery: Industrial - - - 0.20%
 
Machinery: Construction & Handling - - - 0.10%
 
Machinery: Agricultural - - - 0.01%
 
Machinery: Tools - - - 0.01%
 
Machinery: Engines - - - 0.01%
 
Machinery: Specialty - - - 0.00%
 
Construction & Materials - 0.16% - -
 
Construction & Materials - - 0.16% -
 
Construction - - - 0.06%
 
Building: Climate Control - - - 0.03%
 
Engineering & Contracting Services - - - 0.03%
 
Cement - - - 0.02%
 
Building Materials: Other - - - 0.01%
 
Building, Roofing/Wallboard & Plumbing - - - 0.00%
 
Health Care 3.87% - - -
 
Health Care - 3.87% - -
 
Pharmaceuticals & Biotechnology - - 3.61% -
 
Pharmaceuticals - - - 3.54%
 
Biotechnology - - - 0.07%
 
Medical Equipment & Services - - 0.24% -
 
Medical Equipment - - - 0.18%
 
Medical Supplies - - - 0.07%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.02% -
 
Health Care Facilities - - - 0.01%
 
Health Care Services - - - 0.01%
 
Cash and Equivalents 3.81% - - -
 
Consumer Discretionary 3.35% - - -
 
Consumer Products & Services - 1.08% - -
 
Leisure Goods - - 0.42% -
 
Electronic Entertainment - - - 0.17%
 
Consumer Electronics - - - 0.15%
 
Toys - - - 0.06%
 
Recreational Vehicles & Boats - - - 0.02%
 
Recreational Products - - - 0.01%
 
Photography - - - 0.00%
 
Consumer Services - - 0.29% -
 
Vending & Catering Service - - - 0.27%
 
Consumer Services: Misc. - - - 0.01%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Household Goods & Home Construction - - 0.23% -
 
Home Construction - - - 0.14%
 
Household Equipment & Products - - - 0.07%
 
Household Appliance - - - 0.02%
 
Household Furnishings - - - 0.00%
 
Personal Goods - - 0.14% -
 
Clothing & Accessories - - - 0.06%
 
Luxury Items - - - 0.05%
 
Footwear - - - 0.02%
 
Cosmetics - - - 0.01%
 
Media - 0.63% - -
 
Media - - 0.63% -
 
Media Agencies - - - 0.55%
 
Publishing - - - 0.05%
 
Entertainment - - - 0.02%
 
Radio & TV Broadcasters - - - 0.01%
 
Retail - 0.61% - -
 
Retailers - - 0.61% -
 
Diversified Retailers - - - 0.39%
 
Home Improvement Retailers - - - 0.09%
 
Apparel Retailers - - - 0.08%
 
Specialty Retailers - - - 0.05%
 
Automobiles & Parts - 0.59% - -
 
Automobiles & Parts - - 0.59% -
 
Automobiles - - - 0.39%
 
Tires - - - 0.11%
 
Auto Parts - - - 0.09%
 
Travel & Leisure - 0.44% - -
 
Travel & Leisure - - 0.44% -
 
Hotels & Motels - - - 0.13%
 
Airlines - - - 0.12%
 
Casinos & Gambling - - - 0.09%
 
Travel & Tourism - - - 0.04%
 
Restaurants & Bars - - - 0.03%
 
Recreational Services - - - 0.02%
 
Energy 2.97% - - -
 
Energy - 2.97% - -
 
Non-Renewable Energy - - 2.96% -
 
Integrated Oil & Gas - - - 2.17%
 
Pipelines - - - 0.37%
 
Oil: Crude Producers - - - 0.18%
 
Oil Equipment & Services - - - 0.12%
 
Oil Refining and Marketing - - - 0.09%
 
Coal - - - 0.03%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.01% -
 
Renewable Energy Equipment - - - 0.01%
 
Real Estate 2.79% - - -
 
Real Estate - 2.79% - -
 
Real Estate Investment Trusts - - 2.43% -
 
Retail REITs - - - 0.83%
 
Health Care REITs - - - 0.55%
 
Hotel & Lodging REITs - - - 0.43%
 
Office REITs - - - 0.24%
 
Infrastructure REITs - - - 0.20%
 
Industrial REITs - - - 0.10%
 
Diversified REITs - - - 0.05%
 
Residential REITs - - - 0.03%
 
Real Estate Investment & Services - - 0.36% -
 
Real Estate Holding and Development - - - 0.31%
 
Real Estate Services - - - 0.05%
 
Utilities 2.67% - - -
 
Utilities - 2.67% - -
 
Electricity - - 1.92% -
 
Conventional Electricity - - - 1.89%
 
Alternative Electricity - - - 0.03%
 
Gas, Water & Multi-utilities - - 0.75% -
 
Multi-Utilities - - - 0.62%
 
Water - - - 0.10%
 
Gas Distribution - - - 0.04%
 
Waste & Disposal Services - - 0.00% -
 
Waste & Disposal Services - - - 0.00%
 
Technology 2.37% - - -
 
Technology - 2.37% - -
 
Software & Computer Services - - 1.40% -
 
Computer Services - - - 0.65%
 
Consumer Digital Services - - - 0.58%
 
Software - - - 0.17%
 
Technology Hardware & Equipment - - 0.98% -
 
Semiconductors - - - 0.42%
 
Production Technology Equipment - - - 0.25%
 
Electronic Components - - - 0.13%
 
Computer Hardware - - - 0.12%
 
Electronic Office Equipment - - - 0.06%
 
Telecommunications 2.03% - - -
 
Telecommunications - 2.03% - -
 
Telecommunications Service Providers - - 1.85% -
 
Telecommunications Services - - - 1.71%
 
Cable Television Services - - - 0.13%
 
Telecommunications Equipment - - 0.18% -
 
Telecommunications Equipment - - - 0.18%
 
Basic Materials 1.53% - - -
 
Basic Resources - 1.23% - -
 
Industrial Metals & Mining - - 0.96% -
 
General Mining - - - 0.80%
 
Iron & Steel - - - 0.07%
 
Copper - - - 0.05%
 
Nonferrous Metals - - - 0.02%
 
Aluminum - - - 0.01%
 
Metal Fabricating - - - 0.00%
 
Industrial Materials - - 0.18% -
 
Paper - - - 0.16%
 
Forestry - - - 0.02%
 
Diversified Materials - - - 0.00%
 
Precious Metals & Mining - - 0.10% -
 
Gold Mining - - - 0.09%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Chemicals - 0.30% - -
 
Chemicals - - 0.30% -
 
Chemicals: Diversified - - - 0.18%
 
Fertilizers - - - 0.07%
 
Specialty Chemicals - - - 0.03%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Non-Classified 30.34%
  UK 22.33%
  North America 17.31%
  Developed Europe - Excl UK 12.44%
  Japan 4.63%
  Cash and Equivalents 3.81%
  Emerging Asia 3.67%
  Property 2.01%
  Middle East & Africa 1.10%
  Other Regions 2.36%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 73.34%
  Pound Sterling 18.09%
  US Dollar 7.97%
  Cash 0.31%
  Euro 0.27%
  Australian Dollar 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 30.34% -
 
UK 22.33% -
 
United Kingdom - 22.35%
 
Jersey - 0.00%
 
North America 17.31% -
 
United States - 15.83%
 
Canada - 1.48%
 
Developed Europe - Excl UK 12.44% -
 
France - 2.51%
 
Netherlands - 1.67%
 
Switzerland - 1.46%
 
Spain - 1.30%
 
Germany - 1.22%
 
Italy - 0.83%
 
Finland - 0.69%
 
Norway - 0.56%
 
Denmark - 0.55%
 
Sweden - 0.54%
 
Luxembourg - 0.49%
 
Ireland - 0.34%
 
Belgium - 0.18%
 
Austria - 0.09%
 
Portugal - 0.01%
 
Japan 4.63% -
 
Japan - 4.63%
 
Cash and Equivalents 3.81% -
 
Emerging Asia 3.67% -
 
China - 1.80%
 
Taiwan - 0.53%
 
India - 0.47%
 
South Korea - 0.38%
 
Indonesia - 0.19%
 
Philippines - 0.14%
 
Malaysia - 0.07%
 
Thailand - 0.03%
 
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%
 
Tajikistan - 0.00%
 
Property 2.01% -
 
Middle East & Africa 1.10% -
 
United Arab Emirates - 0.29%
 
Saudi Arabia - 0.26%
 
South Africa - 0.12%
 
Qatar - 0.10%
 
Israel - 0.09%
 
Cote D'Ivoire - 0.04%
 
Egypt - 0.04%
 
Oman - 0.04%
 
Kuwait - 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 0.92% -
 
Mexico - 0.34%
 
Argentina - 0.13%
 
Chile - 0.09%
 
Colombia - 0.09%
 
Brazil - 0.07%
 
Dominican Republic - 0.04%
 
Peru - 0.04%
 
Uruguay - 0.03%
 
Ecuador - 0.02%
 
Guatemala - 0.01%
 
Costa Rica - 0.01%
 
Paraguay - 0.01%
 
El Salvador - 0.01%
 
Jamaica - 0.01%
 
Trinidad and Tobago - 0.01%
 
Honduras - 0.00%
 
Panama - 0.00%
 
Bolivia - 0.00%
 
Virgin Islands (British) - 0.00%
 
Suriname - 0.00%
 
Cayman Islands - 0.00%
 
Barbados - 0.00%
 
Australia & New Zealand 0.66% -
 
Australia - 0.66%
 
Developed Asia 0.41% -
 
Singapore - 0.22%
 
Hong Kong - 0.20%
 
Emerging Europe 0.37% -
 
Turkey - 0.17%
 
Poland - 0.07%
 
Hungary - 0.04%
 
Romania - 0.03%
 
Greece - 0.03%
 
Ukraine - 0.01%
 
Serbia - 0.01%
 
Czech Republic - 0.00%
 
Bulgaria - 0.00%
 
Montenegro - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
19.65%
Large
 
 
12.27%
Medium
 
 
2.71%
Small
 
 
0.03%
Non-Classified
 
 
35.18%
Bonds
 
 
26.35%
Cash
 
 
3.81%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
16.72%
5Yr - 10Yr Maturity
 
 
4.69%
10Yr - 15Yr Maturity
 
 
1.76%
> 15Yr Maturity
 
 
3.18%
Cash And Equivalents
 
 
3.81%
Unknown Maturity
 
 
1.40%
Other Asset Types
 
 
68.44%

Fixed Interest Quality Profile

AAA
 
 
3.76%
AA
 
 
5.83%
A
 
 
5.47%
BBB
 
 
6.18%
Sub-Investment Grade
 
 
1.66%
Unknown Quality
 
 
3.44%
Cash and Equivalents
 
 
3.81%
Other Asset Types
 
 
69.84%

Top 10 Fund Holdings

Name % Weight Sector Country
1 iShares iShares plc Core FTSE 100 UCITS ETF GBP (Dist) 14.31% Managed Funds Managed Funds
2 Invesco Markets Plc Invesco GBP Corporate Bond UCITS ETF (Dist.) 11.99% Managed Funds Managed Funds
3 Fidelity ETF US Quality Income UCITS ETF Income 11.09% Managed Funds Managed Funds
4 Invesco Markets Plc Invesco S&P 500 High Dividend Low Volatility UCITS ETF (Dist.) 9.52% Managed Funds Managed Funds
5 iShares iShares IV plc £ Ultrashort Bond UCITS ETF GBP (Dist) 5.99% Managed Funds Managed Funds
6 Fidelity ETF Emerging Markets Quality Income UCITS ETF - 4.85% Managed Funds Managed Funds
7 Vanguard ETFs FTSE Japan UCITS ETF (USD) Distributing 4.53% Managed Funds Managed Funds
8 Franklin Templeton Franklin European Quality Dividend UCITS ETF 4.30% Managed Funds Managed Funds
9 iShares iShares II plc MSCI Europe Quality Dividend Advanced UCITS ETF 3.86% Managed Funds Managed Funds
10 SSgA Global High Yield Constrained Index Class I Hedged 3.64% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 TREASURY (CPI) NOTE 1.13% Bonds United States
2 ASTRAZENECA 1.11% Pharmaceuticals & Biotechnology United Kingdom
3 HSBC HOLDINGS 1.05% Banks United Kingdom
4 SHELL 1.03% Non-Renewable Energy United Kingdom
5 TREASURY (CPI) NOTE 0.92% Bonds United States
6 TREASURY (CPI) NOTE 0.91% Bonds United States
7 UNILEVER 0.72% Personal Care, Drug & Grocery Stores United Kingdom
8 US T Bill 0.125% 15/04/2026 (Index Linked) 0.66% Bonds United States
9 ROLLS-ROYCE HOLDINGS 0.57% Aerospace & Defence United Kingdom
10 BRITISH AMERICAN TOBACCO P.L.C. 0.51% Tobacco United Kingdom

Identification Codes

Sedol Code BH3W744
Mex Code -
Isin Code GB00BH3W7446
Citi Code Q3RC

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.50%

Aims and Benchmark

Aims The investment objective of VT AJ Bell Income is to generate income whilst maintaining capital value over a typical investment cycle (5-10 years) through a focus on exposure to a broad range of income generating assets such as bonds and equities. The Fund has a target average yield of 3-5% per annum (over a trailing three year period), which is not guaranteed and may be subject to change as the assumptions on which the target was calculated may change
Benchmark NONE - The performance of the Fund can be assessed by considering whether the target average yield (3-5% per annum over a trailing three year period) is achieved.
Benchmark Category Comparator
IA Sector Unclassified

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 Monthly
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
31 December 31 January
31 January 28 February
28 February 31 March
31 March 30 April
30 April 31 May
31 May 30 June
30 June 31 July
31 July 31 August
31 August 30 September
30 September 31 October
31 October 30 November
30 November 31 December

Ratings

FE Crown Crown Rating of 2

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 -
Email -
Homepage www.valu-trac.com/index.php
Fax number -

Dealing

Minimum Investment -
Minimum Top Up -
Minimum Regular Saving -
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals 3