The GBP Conservative Fund is a Great British pound denominated fund employing a passive management strategy invested in 80% income assets (international fixed interest), with a 20% exposure to growth assets (international equities).

 

Investment Objectives

The fund seeks to track a composite index (before annual fund charge and tax), comprising 80% Bloomberg Barclays Global Aggregate Bond Index (GBP hedged) and 20% MSCI World (net dividends) (LCT).


Investment Managers

The table below sets out the target asset allocation and underlying investment managers for the Fund.

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

Asset Class

Investment Manager

Product Name Benchmark Asset Allocation 1

International Fixed Interest

BlackRock Asset Management

iShares Global Aggregate Bond UCITS ETF

80%

International Equities

BlackRock Asset Management iShares Core MSCI World UCITS ETF 20%
Total assets 100%

 

1 The Benchmark Asset Allocation, Maximum, Currency Hedging and Operating ranges are set out in the SIPO.

 

Fund Performance

Please find below the latest performance figures for the GBP Conservative Fund as at 30 September 2020.  The returns are after and fees and taxes:

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

-0.63%

1.12%

7.59%

2.59%

8.56%

0%

-0.49%

1.63%

6.23%

2.51%

9.80%

* GBP Conservative Fund was established on 24 December 2018

 

The chart below illustrates the performance of £100,000 invested in the GBP Conservative Fund from inception on 24 December 2018 to 30 September 2020. The chart shows cumulative investment performance after fees, and tax (at 28%):