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This shows the number of portfolios you hold. Portfolios can be constructed from Unit Trusts & OEICs,IMA Unit Trusts & OEICs,Investment Trusts,Pension Funds,Life Funds,Offshore Funds,Exchange Traded Funds and cash. Holdings and acquisition costs can be recorded so that profits/losses can be calculated. These can be calculated in terms of a number of base currencies. Overall portfolio values, as well as portfolio constituents, can be made the subject of alerts.
You have one watchlist, and this shows you the number of items currently stored in the watchlist. Items stored here do not have holdings records, so this list simply monitors the price of items held, which can also be subject to alerts
This is designed to be a temporary collection of items selected by you for further analysis in the tools section. Items can be subsequently transferred from the Basket to the Watchlist or Portfolio.
Would you ever use open-ended funds for property exposure?
The objective of this fund is to provide growth. The fund will typically invest between 90% and 100% in company shares from a small number of UK companies. The fund will invest in smaller and medium sized companies and also larger sized companies which form part of the FTSE All-Share, Fledgling and Alternative Investment Market (AIM) indices of shares. These indices consist of shares of a variety of UK companies representing all economic sectors. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management, To reduce some of the risks of the market. The fund may also invest in cash or deposits. Your units will be accumulation units. Income from investments held by the fund (dividends) will be reinvested into the value of your units.
The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.
Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.
Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.
The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.
Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.
Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.
All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.
Be aware of the nearly 9% spread in price, meaning an initial cost of nearly 4% even if you get the whole of the stated 5% initial charge refunded.
Here we have a fund delivering what it promises, a high alpha. It is a very special species among all the impostors of this industry. Why is not the manager alpha grade?
If shares in the FTSE AS index pay a div. of 2.65% on the average, funds like this with a TER 1.65% should be paying a div. of 1%. Why are they paying nothing? Clearly the TER grossly understates the total expenses deducted from the fund and it is time such deceptions stopped. I think one day some institution or rich individual should sue the biggest investment companies for for $billions, in the same way they sued the tobacco companies.
do you pay an income or not please from this unit trust?
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