Ruffer LLP WS Total Return
(Class O Accumulation [GBP])
Onshore OEIC

Performance

This fund's performance data cannot be shown.

Fund Aims

To seek to achieve positive returns in all market conditions over any 12 month period, after all costs and charges have been taken. Underlying this objective is a fundamental philosophy of capital preservation. Capital invested is at risk and there is no guarantee that a positive return will be delivered over any twelve-month period.

Fund Managers

Steve Russell manager for: 18 years 8 months

Started as a research analyst at SLC Asset Management in 1987 where he became Head of Equities in charge of £5bn of equity funds. In 1999 he moved to HSBC Investment Bank as Head of UK and European Equity Strategy, before joining Ruffer LLP in September 2003. He became a non-executive director of JP Morgan Fleming Continental Investment Trust in 2005.

Matt Smith manager for: 5 years 8 months

Joined Ruffer in 2011 after graduating from Edinburgh University with a first class honours degree in history and German. He worked as an equity analyst in Hong Kong before taking up a role in Ruffer’s institutional investment team. He was made a manager of the Total Return Fund in 2019.

Fund Overview

Price

Bid 553.07p

Offer 553.07p (16/11/2022)

Historic yield

1.40%

Fund size

£2675.6m

Number of holdings

Initial charge

5.00%

Annual Management Charge

1.50%

Ongoing Charges

1.52%

Data accurate at: 30/09/2023

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.

Data accurate at: 30/09/2023

Asset Allocation

	International Bonds	56.4%
	Managed Funds	12.9%
	Other	9.6%
	UK Gilt	9.0%
	International Equities	8.7%
	UK Equities	3.7%
	Cash & Equivalents	0.5%
	Hedge Funds	-0.8%

X-Ray Equity Sector Allocation

ICB Industries ICB Supersectors ICB Sectors ICB Subsectors

ICB Industries

Non-Classified		66.0%
Commodities		9.7%
Government		9.0%
Consumer Discretionary		3.7%
Financials		2.4%
Managed Funds		2.2%
Consumer Staples		1.7%
Industrials		1.5%
Health Care		1.4%
Energy		1.3%
Basic Materials		0.7%
Cash and Equivalents		0.5%
Technology		0.4%
Telecommunications		0.3%
Utilities		<0.1%
Real Estate		<0.1%
Alternative Trading Strategies		-0.8%

ICB Supersectors

Non-Classified		66.0%
Commodities		9.7%
Government		9.0%
Retail		2.4%
Managed Funds		2.2%
Health Care		1.4%
Industrial Goods & Services		1.4%
Energy		1.3%
Food, Beverage & Tobacco		1.2%
Banks		1.0%
Insurance		0.8%
Basic Resources		0.6%
Financial Services		0.6%
Travel & Leisure		0.5%
Cash and Equivalents		0.5%
Personal Care, Drug & Grocery Stores		0.5%
Technology		0.4%
Consumer Products & Services		0.3%
Telecommunications		0.3%
Automobiles & Parts		0.2%
Media		0.2%
Construction & Materials		0.2%
Chemicals		<0.1%
Utilities		<0.1%
Real Estate		<0.1%
Alternative Trading Strategies		-0.8%

ICB Sectors

Non-Classified		66.0%
Commodities		9.7%
Government		9.0%
Retailers		2.4%
Managed Funds		2.2%
Non-Renewable Energy		1.2%
Pharmaceuticals & Biotechnology		1.1%
Banks		1.0%
Beverages		0.8%
Aerospace & Defence		0.6%
Industrial Metals & Mining		0.6%
Investment Banking & Brokerage Services		0.6%
Travel & Leisure		0.5%
Cash and Equivalents		0.5%
Personal Care, Drug & Grocery Stores		0.5%
Non-life Insurance		0.5%
Health Care Providers		0.3%
Software & Computer Services		0.3%
Personal Goods		0.3%
Telecommunications Service Providers		0.3%
Life Insurance		0.3%
Industrial Transportation		0.2%
Industrial Support Services		0.2%
Food Producers		0.2%
Automobiles & Parts		0.2%
General Industrials		0.2%
Media		0.2%
Construction & Materials		0.2%
Tobacco		0.1%
Technology Hardware & Equipment		<0.1%
Chemicals		<0.1%
Electricity		<0.1%
Industrial Engineering		<0.1%
Telecommunications Equipment		<0.1%
Renewable Energy		<0.1%
Electronic & Electrical Equipment		<0.1%
Medical Equipment & Services		<0.1%
Real Estate Investment & Services		<0.1%
Household Goods & Home Construction		<0.1%
Precious Metals & Mining		<0.1%
Finance & Credit Services		<0.1%
Industrial Materials		<0.1%
Waste & Disposal Services		<0.1%
Leisure Goods		<0.1%
Consumer Services		<0.1%
Alternative Trading Strategies		-0.8%

ICB Subsectors

Non-Classified		66.0%
Commodities		9.7%
Government		9.0%
Diversified Retailers		2.4%
Managed Funds		2.2%
Banks		1.0%
Pharmaceuticals		1.0%
Integrated Oil & Gas		0.9%
Cash and Equivalents		0.5%
Aerospace		0.5%
Airlines		0.4%
Soft Drinks		0.4%
Property & Casualty Insurance		0.4%
Personal Products		0.4%
Asset Managers & Custodians		0.3%
Brewers		0.3%
Health Care Management Services		0.3%
Cosmetics		0.3%
Consumer Digital Services		0.3%
Telecommunications Services		0.3%
Oil: Crude Producers		0.3%
Life Insurance		0.3%
General Mining		0.2%
Transportation Services		0.2%
Iron & Steel		0.2%
Food Products		0.2%
Diversified Industrials		0.2%
Defense		0.2%
Radio & TV Broadcasters		0.2%
Automobiles		0.2%
Diversified Financial Services		0.2%
Professional Business Support Services		0.2%
Nondurable Household Products		0.2%
Tobacco		0.1%
Nonferrous Metals		0.1%
Reinsurance		0.1%
Construction		0.1%
Biotechnology		0.1%
Distillers & Vintners		0.1%
Hotels & Motels		0.1%
Security Services		<0.1%
Investment Services		<0.1%
Auto Parts		<0.1%
Semiconductors		<0.1%
Chemicals: Diversified		<0.1%
Telecommunications Equipment		<0.1%
Alternative Electricity		<0.1%
Renewable Energy Equipment		<0.1%
Coal		<0.1%
Specialty Chemicals		<0.1%
Electronic Components		<0.1%
Farming, Fishing, Ranching & Plantations		<0.1%
Software		<0.1%
Real Estate Holding and Development		<0.1%
Production Technology Equipment		<0.1%
Medical Equipment		<0.1%
Machinery: Industrial		<0.1%
Electrical Components		<0.1%
Engineering & Contracting Services		<0.1%
Gold Mining		<0.1%
Specialty Retailers		<0.1%
Household Appliance		<0.1%
Delivery Services		<0.1%
Conventional Electricity		<0.1%
Machinery: Construction & Handling		<0.1%
Marine Transportation		<0.1%
Financial Data & Systems		<0.1%
Medical Supplies		<0.1%
Electronic Equipment: Gauges & Meters		<0.1%
Oil Refining and Marketing		<0.1%
Computer Hardware		<0.1%
Aluminum		<0.1%
Railroad Equipment		<0.1%
Fertilizers		<0.1%
Health Care Facilities		<0.1%
Entertainment		<0.1%
Computer Services		<0.1%
Machinery: Engines		<0.1%
Building Materials: Other		<0.1%
Cement		<0.1%
Clothing & Accessories		<0.1%
Glass		<0.1%
Containers & Packaging		<0.1%
Railroads		<0.1%
Diversified Materials		<0.1%
Plastics		<0.1%
Health Care Services		<0.1%
Industrial Suppliers		<0.1%
Household Furnishings		<0.1%
Chemicals & Synthetic Fibers		<0.1%
Electronic Equipment: Other		<0.1%
Copper		<0.1%
Drug Retailers		<0.1%
Waste & Disposal Services		<0.1%
Metal Fabricating		<0.1%
Tires		<0.1%
Fruit & Grain Processing		<0.1%
Oil Equipment & Services		<0.1%
Recreational Services		<0.1%
Paints & Coatings		<0.1%
Household Equipment & Products		<0.1%
Machinery: Specialty		<0.1%
Medical Services		<0.1%
Electronic Entertainment		<0.1%
Commercial Vehicle-Equipment Leasing		<0.1%
Apparel Retailers		<0.1%
Paper		<0.1%
Education Services		<0.1%
Machinery: Agricultural		<0.1%
Travel & Tourism		<0.1%
Alternative Trading Strategies		-0.8%

Interactive Sector Breakdown

Drill down to specific information by clicking the folders.

ICB Industry				ICB Subsectors	ICB Sectors	ICB Supersectors	ICB Industries
			Expand all / Collapse all
Commodities							9.7%
	Commodities					9.7%
		Commodities			9.7%
			Commodities	9.7%
Government							9.0%
	Government					9.0%
		Government			9.0%
			Government	9.0%
Consumer Discretionary							3.7%
	Retail					2.4%
		Retailers			2.4%
			Diversified Retailers	2.4%
			Specialty Retailers	< 0.1%
			Apparel Retailers	< 0.1%
	Travel & Leisure					0.5%
		Travel & Leisure			0.5%
			Airlines	0.4%
			Hotels & Motels	0.1%
			Recreational Services	< 0.1%
			Travel & Tourism	< 0.1%
	Consumer Products & Services					0.3%
		Personal Goods			0.3%
			Cosmetics	0.3%
			Clothing & Accessories	< 0.1%
		Household Goods & Home Construction			< 0.1%
			Household Appliance	< 0.1%
			Household Furnishings	< 0.1%
			Household Equipment & Products	< 0.1%
		Leisure Goods			< 0.1%
			Electronic Entertainment	< 0.1%
		Consumer Services			< 0.1%
			Education Services	< 0.1%
	Automobiles & Parts					0.2%
		Automobiles & Parts			0.2%
			Automobiles	0.2%
			Auto Parts	< 0.1%
			Tires	< 0.1%
	Media					0.2%
		Media			0.2%
			Radio & TV Broadcasters	0.2%
			Entertainment	< 0.1%
Financials							2.4%
	Banks					1.0%
		Banks			1.0%
			Banks	1.0%
	Insurance					0.8%
		Non-life Insurance			0.5%
			Property & Casualty Insurance	0.4%
			Reinsurance	0.1%
		Life Insurance			0.3%
			Life Insurance	0.3%
	Financial Services					0.6%
		Investment Banking & Brokerage Services			0.6%
			Asset Managers & Custodians	0.3%
			Diversified Financial Services	0.2%
			Investment Services	< 0.1%
		Finance & Credit Services			< 0.1%
			Financial Data & Systems	< 0.1%
Consumer Staples							1.7%
	Food, Beverage & Tobacco					1.2%
		Beverages			0.8%
			Soft Drinks	0.4%
			Brewers	0.3%
			Distillers & Vintners	0.1%
		Food Producers			0.2%
			Food Products	0.2%
			Farming, Fishing, Ranching & Plantations	< 0.1%
			Fruit & Grain Processing	< 0.1%
		Tobacco			0.1%
			Tobacco	0.1%
	Personal Care, Drug & Grocery Stores					0.5%
		Personal Care, Drug & Grocery Stores			0.5%
			Personal Products	0.4%
			Nondurable Household Products	0.2%
			Drug Retailers	< 0.1%
Industrials							1.5%
	Industrial Goods & Services					1.4%
		Aerospace & Defence			0.6%
			Aerospace	0.5%
			Defense	0.2%
		Industrial Transportation			0.2%
			Transportation Services	0.2%
			Delivery Services	< 0.1%
			Marine Transportation	< 0.1%
			Railroad Equipment	< 0.1%
			Railroads	< 0.1%
			Commercial Vehicle-Equipment Leasing	< 0.1%
		Industrial Support Services			0.2%
			Professional Business Support Services	0.2%
			Security Services	0.1%
			Industrial Suppliers	< 0.1%
		General Industrials			0.2%
			Diversified Industrials	0.2%
			Glass	< 0.1%
			Containers & Packaging	< 0.1%
			Plastics	< 0.1%
			Paints & Coatings	< 0.1%
		Industrial Engineering			< 0.1%
			Machinery: Industrial	< 0.1%
			Machinery: Construction & Handling	< 0.1%
			Machinery: Engines	< 0.1%
			Machinery: Specialty	< 0.1%
			Machinery: Agricultural	< 0.1%
		Electronic & Electrical Equipment			< 0.1%
			Electrical Components	< 0.1%
			Electronic Equipment: Gauges & Meters	< 0.1%
			Electronic Equipment: Other	< 0.1%
	Construction & Materials					0.2%
		Construction & Materials			0.2%
			Construction	0.1%
			Engineering & Contracting Services	< 0.1%
			Building Materials: Other	< 0.1%
			Cement	< 0.1%
Health Care							1.4%
	Health Care					1.4%
		Pharmaceuticals & Biotechnology			1.1%
			Pharmaceuticals	1.0%
			Biotechnology	0.1%
		Health Care Providers			0.3%
			Health Care Management Services	0.3%
			Health Care Facilities	< 0.1%
			Health Care Services	< 0.1%
		Medical Equipment & Services			< 0.1%
			Medical Equipment	< 0.1%
			Medical Supplies	< 0.1%
			Medical Services	< 0.1%
Energy							1.3%
	Energy					1.3%
		Non-Renewable Energy			1.2%
			Integrated Oil & Gas	0.9%
			Oil: Crude Producers	0.3%
			Coal	< 0.1%
			Oil Refining and Marketing	< 0.1%
			Oil Equipment & Services	< 0.1%
		Renewable Energy			< 0.1%
			Renewable Energy Equipment	< 0.1%
Basic Materials							0.7%
	Basic Resources					0.6%
		Industrial Metals & Mining			0.6%
			General Mining	0.2%
			Iron & Steel	0.2%
			Nonferrous Metals	0.1%
			Aluminum	< 0.1%
			Copper	< 0.1%
			Metal Fabricating	< 0.1%
		Precious Metals & Mining			< 0.1%
			Gold Mining	< 0.1%
		Industrial Materials			< 0.1%
			Diversified Materials	< 0.1%
			Paper	< 0.1%
	Chemicals					0.1%
		Chemicals			0.1%
			Chemicals: Diversified	< 0.1%
			Specialty Chemicals	< 0.1%
			Fertilizers	< 0.1%
			Chemicals & Synthetic Fibers	< 0.1%
Technology							0.4%
	Technology					0.4%
		Software & Computer Services			0.3%
			Consumer Digital Services	0.3%
			Software	< 0.1%
			Computer Services	< 0.1%
		Technology Hardware & Equipment			0.1%
			Semiconductors	< 0.1%
			Electronic Components	< 0.1%
			Production Technology Equipment	< 0.1%
			Computer Hardware	< 0.1%
Telecommunications							0.3%
	Telecommunications					0.3%
		Telecommunications Service Providers			0.3%
			Telecommunications Services	0.3%
		Telecommunications Equipment			< 0.1%
			Telecommunications Equipment	< 0.1%
Utilities							< 0.1%
	Utilities					< 0.1%
		Electricity			< 0.1%
			Alternative Electricity	< 0.1%
			Conventional Electricity	< 0.1%
		Waste & Disposal Services			< 0.1%
			Waste & Disposal Services	< 0.1%
Real Estate							< 0.1%
	Real Estate					< 0.1%
		Real Estate Investment & Services			< 0.1%
			Real Estate Holding and Development	< 0.1%
Alternative Trading Strategies							-0.8%
	Alternative Trading Strategies					-0.8%
		Alternative Trading Strategies			-0.8%
			Alternative Trading Strategies	-0.8%
Non-Classified							66.0%
Managed Funds							2.2%
Cash and Equivalents							0.5%

X-Ray Regional Allocation

	North America	40.0%
	Japan	20.5%
	UK	12.9%
	Commodities	9.7%
	Non-Classified	8.7%
	Developed Europe - Excl UK	2.8%
	Managed Funds	2.2%
	Emerging Asia	2.1%
	Cash and Equivalents	0.5%
	Developed Asia	0.3%
	South & Central America	0.3%
	Emerging Europe	0.1%

Show/Hide Full Country Weights

Interactive Region Breakdown

Drill down to specific information by clicking the folders.

Fixed Interest Analysis

Fixed Interest Maturity Profile

Fixed Interest Quality Profile

Top 10 Holdings
	Stock name	% Weight	Country	Sector
1	USA (Govt Of) FRN 31/01/2025	9.3 %	United States	Bonds
2	GBP Capital account	7.5 %	Non-Classified	Non-Classified
3	WisdomTree ETC WisdomTree Brent Crude Oil [LSE]	5.8 %	Managed Funds	Not Classified
4	Japan (Govt Of) 0.005% 01/04/2024	5.7 %	Japan	Bonds
5	Japan (Govt Of) 0.005% SNR 01/06/2024	5.7 %	Japan	Bonds
6	Japan (Govt Of) 0.005% SNR 01/07/2024	5.7 %	Japan	Bonds
7	USA (Govt Of) FRN 31/07/2025	4.5 %	United States	Bonds
8	USA (Govt Of) FRN 31/10/2024	4.5 %	United States	Bonds
9	0 1/8% Index-linked Treasury Gilt 2068	4.0 %	United Kingdom	Bonds
10	USA (Govt Of) FRN 31/01/2024	3.7 %	United States	Bonds

X-Ray FL Dual Aspect Analysis
	UK Equities	Int'l Equities	UK Bonds	Int'l Bonds	UK Gilts	Managed Funds	Property	Other	Cash & Equiv	Total
Technology	0.0%	0.4%								0.4%
Telecommunications	0.1%	0.2%								0.3%
Financials	0.9%	1.5%								2.4%
Real Estate		0.0%								0.0%
Consumer Discretionary	0.4%	3.2%						0.0%		3.7%
Consumer Staples	0.5%	1.3%								1.7%
Energy	0.6%	0.7%						0.1%		1.3%
Utilities		0.0%								0.0%
Health Care	0.1%	1.3%								1.4%
Industrials	0.7%	0.8%								1.5%
Basic Materials	0.4%	0.3%						0.0%		0.7%
Cash and Equivalents									0.5%	0.5%
Managed Funds						2.2%				2.2%
Bonds				56.4%	9.0%					65.4%
Non-Classified		0.0%						18.4%		18.4%
Total	3.7%	9.7%		56.4%	9.0%	2.2%		18.5%	0.5%	100.0%

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

Identification Codes

Sedol Code

0968410

Mex Code

CGRIA

ISIN code

GB0009684100

Distribution Details

Income Frequency

Biannually

Distribution Payment Basis

Net

Charges

Discounted initial charge

0.500%

Net discounted AMC

1.000%

Initial charge

5.00%

Annual Management Charge

1.50%

Exit charge

None

Performance fees

None

Ongoing Charges

1.52%

Distribution Dates

Ex dividend date(s)	Income payment date(s)
15th September	15th November
15th March	15th May

Ratings

Aims & Benchmark

Benchmark

unbenchmarked

IA sector

Mixed Investment 20-60% Shares

Aims

Fund Administration

Fund Trustee/Depository

Bank of New York Mellon Trust & Depositary Co. Ltd

Fund Administrator

Link Fund Solutions Limited

Fund Registrar

Link Fund Solutions Limited

Fund Custodian

Bank of New York Mellon Trust & Depositary Co. Ltd

Fund Background

Valuation point

Weekly 10:00

Fund type

OEIC

Launch date

04/10/2004

Launch price

£100.00

Fund currency

Pound Sterling

Fund domicile

United Kingdom

Group Details

Group name

Ruffer LLP

Group address

17 Rochester Row
Westminster
London
SW1P 1QT

Group telephone

0845 922 0044

Dealing telephone

0845 601 9610

rif@ruffer.co.uk

Homepage

www.ruffer.co.uk

Fax number

0113 224 6001

Dealing

EMX

ISA Eligible

Yes

Minimum investment

£1000

Settlement period: buy

4 days

Settlement period: sell

4 days

Pricing basis

Forward

Data accurate at: 30/09/2023

Risk Analysis

Ratio

Value

Alpha

8.1308

Beta

0.2033

Sharpe

0.6523

Volatility

7.0032

Info Ratio

0.6985

Risk Factors

Risk Factor

Yes/No

Charges to Capital

Yes

Emerging Markets

Yes

Concentrated Portfolio

Smaller Companies

Yes

High Yield Bonds

Sector Specific

Geared Investments

Value of Investments

Yes

Investments Long Term

Yes

Property

Exchange Rate

Yes

Higher Risk

Performance Charges

Derivative Exposure

Yes

Fund Specific Risks
Charges to Capital - Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s). Emerging Markets - The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk. Smaller Companies - The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk. 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. Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies. 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.

Fund Specific Risks

Charges to Capital - Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets - The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies - The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
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.

United States			39.8%
Japan			20.5%
United Kingdom			12.9%
Commodities			9.7%
Non-Classified			8.7%
Managed Funds			2.2%
China			2.1%
France			0.9%
Ireland			0.6%
Cash and Equivalents			0.5%
Germany			0.4%
Netherlands			0.3%
Hong Kong			0.3%
Spain			0.3%
Brazil			0.3%
Canada			0.2%
Belgium			0.2%
Switzerland			0.1%
Greece			0.1%

Expand all / Collapse all		Country	Region
North America			40.0%
	United States	39.8%
	Canada	0.2%
Japan			20.5%
	Japan	20.5%
UK			12.9%
	United Kingdom	12.9%
Commodities			9.7%
Non-Classified			8.7%
Developed Europe - Excl UK			2.8%
	France	0.9%
	Ireland	0.6%
	Germany	0.4%
	Netherlands	0.3%
	Spain	0.3%
	Belgium	0.2%
	Switzerland	0.1%
Managed Funds			2.2%
Emerging Asia			2.1%
	China	2.1%
Cash and Equivalents			0.5%
Developed Asia			0.3%
	Hong Kong	0.3%
South & Central America			0.3%
	Brazil	0.3%
Emerging Europe			0.1%
	Greece	0.1%

Ruffer LLP WS Total Return (Class O Accumulation [GBP]) Onshore OEIC

Performance

Fund Aims

Fund Managers

Fund Overview

Asset Allocation

X-Ray Equity Sector Allocation

ICB Industries

ICB Supersectors

ICB Sectors

ICB Subsectors

Interactive Sector Breakdown

X-Ray Regional Allocation

Interactive Region Breakdown

Fixed Interest Analysis

Fixed Interest Maturity Profile

Fixed Interest Quality Profile

Top 10 Holdings

X-Ray FL Dual Aspect Analysis

Identification Codes

Distribution Details

Charges

Distribution Dates

Ratings

Aims & Benchmark

Fund Administration

Fund Background

Group Details

Dealing

Performance

Risk Analysis

Risk Factors

Ruffer LLP WS Total Return
(Class O Accumulation [GBP])
Onshore OEIC