A Great British pound denominated fund that seeks to generate modest capital growth over the medium to long-term and return above the rate of inflation. The Fund will be invested in an actively managed and diversified portfolio of equity, fixed income, absolute return, property and commodity investments at various parts of the economic cycle.

Investment Objectives

The fund seeks to track a composite index (before annual fund charge and tax), comprising 50% MSCI World (net dividends) (LCT) and 50% Bloomberg Barclays Global Aggregate Bond Index (GBP hedged).


Investment Managers

The table below sets out the target asset allocation. The underlying investment fund for the Fund is the TAM Balanced Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset Class

Benchmark asset allocation

Operating ranges

Benchmark Index

Cash and cash equivalents

0%

 0% to 15%

Not applicable

International fixed interest

50%

40% to 70%

Bloomberg Barclays Global Aggregate Bond Index (GBP hedged)

International equities

50%

30% to 60%

MSCI World (net dividends) (LCT)

Other

0%

0% to 15%

Not applicable

Total assets                                                    100%

  
Fund Performance

Please find below the latest performance figures for the GBP Balanced Active Fund as at 31 May 2022.  The returns are after fees and taxes:

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

-1.41%

-1.19%

-6.15%

-4.24%

1.04%

0%

-1.31%

-0.91%

-5.63%

-3.16%

2.17%

* GBP Balanced Active Fund was established on 9 April 2019

* Returns for periods longer than one year are annualised

 

The chart below illustrates the performance of £100,000 invested in the GBP Balanced Active Fund from inception on 14 February 2019 to 31 May 2022. The chart shows cumulative investment performance after fees, and tax (at 28%):