A Great British denominated fund that seeks to generate a modest return but with a more cautious approach to attaining capital growth over the short to medium term. The Fund will invest in an actively managed and diversified portfolio of fixed income, absolute return, property and commodity investments with a more cautious approach to equity exposure. 

Investment Objectives

The Fund seeks to track a composite index (before annual fund charge and tax), comprising 35% MSCI World (net dividends) (LCT) and 65% 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 Moderate 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

65%

55% to 80%

Bloomberg Barclays Global Aggregate Bond Index (GBP hedged)

International equities

35%

20% to 45%

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 Moderate Active 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%

-0.77%

-0.05%

8.58%

-3.77%

-1.77%

0%

-0.53%

0.65%

6.64%

-3.76%

-0.40%

* GBP Moderate Active Fund was established on 9 April 2019

 

The chart below illustrates the performance of £100,000 invested in the GBP Moderate Active Fund from inception on 14 February 2019 to 30 September 2020. The chart shows cumulative investment performance after fees, and tax (at 28%):