


The fund'’s investment objective is to achieve long-term capital growth from a portfolio made up of the shares of UK companies. The benchmark of the fund is the FTSE Actuaries All Share index. The manager aims to achieve a consistently higher total return (dividends + capital appreciation) than the benchmark index. The portfolio is likely to have a bias towards larger companies, although the fund manager is not restricted in the choice of company by either size or industry.
| Name | % Net Assets | 
|---|---|
| ROYAL DUTCH SHELL 'B' (UK) | 10.5% | 
| HSBC HOLDINGS (UK REG) | 8.1% | 
| VODAFONE GROUP | 6.1% | 
| ASTRAZENECA (UK) | 5.1% | 
| BP | 4.8% | 
| BG GROUP | 3.5% | 
| BRITISH AMERICAN TOBACCO | 3.2% | 
| BHP BILLITON | 2.6% | 
| IMPERIAL TOBACCO GROUP | 2.6% | 
| TESCO | 2.6% | 
| Key | % Net Assets | 
|---|---|
| 10.5% | |
| 8.1% | |
| 6.1% | |
| 5.1% | |
| 70.2% | 
| Date | 21-Jun-2019 | 
|---|---|
| NAV | 76.12p | 
| Currency | GBP | 
| Change | -0.95p | 
| % | -1.23% | 
| YTD change | 76.12p | 
| YTD % | n/a | 
| Fund Inception | 14/02/1994 | 
|---|---|
| Fund Manager | Samuel Morse | 
| TER | 1.20 (28-Feb-2013) | 
| Minimum Investment | |
|---|---|
| Initial | £500 | 
| Additional | £250 | 
| Savings | £50 | 
| Charges | |
|---|---|
| Initial | n/a | 
| Annual Mang't | 1.00% | 
| Exit | n/a | 
| Name | % | 
|---|---|
| Standard deviation | 0.02 | 
| Sharpe ratio | 0.10 | 
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