Fund Managers
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Stuart TaylorSenior Fund Manager, UK Equities
About the Fund
The Fund aims to achieve capital growth, over any five-year period, after all costs and charges have been taken. The Fund’s comparator benchmark is the Bloomberg UK Large, Mid & Small Cap Total Return Index.
Essential features of the Fund
The Fund invests at least 80% of its assets in the shares of companies which are incorporated or domiciled in the United Kingdom, including real estate investment trusts (REITs).
It can invest across different industry sectors and market capitalisations without limitation.
It may also invest up to 20% of the assets by value in debt securities (such as corporate bonds, government and public securities), money market instruments, deposits and cash.
Investments in collective investment schemes is limited to 10% of the Fund’s assets.
The Fund may use derivatives for the purpose of efficient portfolio management.
Up to 25% of the Fund’s holdings by value may be used to generate additional income from stock lending.
How the Fund is managed
The Fund uses a blend of bottom up stock selection process, but is flexible, pragmatic and mindful of prevailing economic and market conditions.
Fundamental analysis
Specific holdings are determined through research that is undertaken by the Keyridge equities team, including company visits and conferences. The UK market is the primary focus, but the team draws on a wide range of global research and insights.
Sector selection
Sector allocations are important in order to ensure balanced diversification. Typically, macro and market factors such as growth, cyclicality and defensiveness are considered in order to construct a diversified portfolio across sectors and investment themes.
Stock selection
The portfolio typically holds a diversified range of large and mid cap shares, but may also invest selectively in small cap companies. The investment process focuses on companies with strong cash flow generation, robust balance sheets and attractive, sustainable dividend potential, whilst also taking valuation and quality into account.
Reasons to recommend
Attractive growth
The Fund has a quality growth orientation investing in mid cap companies as well as large caps, giving diversified exposure to long term growth trends and opportunities in the UK equity market.
Active management targeting consistent long term performance
Our Fund Managers follow a high conviction active management style, focusing on fundamental analysis to identify mispriced opportunities where they believe the market underestimates a company’s long term prospects. Portfolio construction aims to balance risk through diversification by sector, company size and style.
The value of investments may fall as well as rise and investors may not get back the amount invested
Due to the underlying assets held, the price of the fund is classed as having above average to high volatility.
This page is for information only. It does not constitute a direct offer to anyone, or a solicitation by anyone, to subscribe for shares or buy units in fund(s). Subscription for shares and buying units in the fund must only be made on the basis of the latest Prospectus and the Key Investor Information Document (KIID) available in the Literature section.