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Spectrum Fund

The investment objective of the Spectrum Fund is to produce long-term capital growth. The Fund’s investment policy is to diversify investment predominantly in collective investment schemes, though the Fund may be invested in bonds, equities, cash and other eligible instruments from time to time. The Spectrum Fund may invest up to 100% of its assets in collective investment schemes. 

In addition to the O share class referred to on this page, I Classes are also available. Please contact us for more information.

'O' Share Class Price 16/11/2018
216.81p
Accumulation Shares
Income Shares
207.88p
Fund Size
£122M (31/10/18)

October 2018

Your Fund produced a return of -4.3% during the month compared to a return of -5.1% for the IA Flexible Investment TR.

October was a particularly weak month for global equity markets with the MSCIWorld TR (GBP) falling -5.4%.  Having been the standout performer in 2018, US equities also lost their mojo, with the S&P 500 falling -6.8% and the technology-heavy Nasdaq composite      -9.2%.

Although impossible to predict whether recent stock market weakness signals the start of something more sinister or is merely just another bump in the road, it is instructive to consider the lessons of such market moves.  The significant declines in the share prices of some of the most popular growth stocks highlight the very real dangers of paying too high a price for investments.

The Spectrum Fund has always sought to invest alongside a collection of talented fund managers who manage money in markedly different ways.  This creates a balance to the portfolio that should enable us to navigate a wide range of market environments.

Historically, there has been little turnover in Spectrum’s underlying funds.  However, this masks greater activity under the bonnet, where we actively reweight holdings to reflect changing valuations.  At the beginning of October we continued to trim Spectrum’s holdings in the Lindsell Train funds, where valuations have become stretched after a prolonged period of strong performance.  The proceeds have been added to HAL Trust, Aurora and Samarang Asian Prosperity, where we believe there is less valuation risk.

 

Performance is calculated on a total return basis, net of fees, in sterling terms.

Source: Lipper, Link Fund Solutions Limited

The source of performance data has been changed.  This change may have resulted in variations from previously published performance figures.

Risk Analysis Since Launch (29/02/2008)Fund IA 
Total Return +114.5% +70.7%
Max drawdown* -12.9% -33.4%
Best Month +8.4% +7.2%
Worst Month -5.8% -12.9%
Positive Month +61.7% +60.9%
Annualised Volatility +8.8% +11.0%

*Measures the worst investment period

Performance is calculated on a total return basis, net of fees, in sterling terms.

 

Top 10 HoldingsFund (%)
Egerton Capital Equity  7.5
Findlay Park American 7.2
Polar Capital Global Insurance 6.3
Morant Wright Sakura Hedged 6.3
Odey Allegra Developed Mkts   5.8
Evenlode Income 5.3
Samarang Asian Prosperity  4.8
Lindsell Train Global Equity  4.7
Stewart Asia Pacific 4.4
CG Portfolio Real Return 4.4
Total Top 10 56.0
13 other holdings 34.3
Cash & equivalent 9.7
Total 100.0
Past performance is not necessarily a guide to future performance. The value of a fund and any income from it may go down as well as up and investors may get back less than they invested. Changes in rates of exchange may cause the value of investments to go up or down. This data is provided for information only and should not be reproduced, published or disseminated in any manner. Although Troy considers the data to be reliable, no warranty is given as to its accuracy or completeness. Any comparisons against indices are for illustrative purposes only.

How to Invest

You may invest directly, via a broker or adviser, or through a number of online fund platforms.

Find Out More

Key Facts

  • Fund Manager
    Tom Yeowart
  • Inception Date
    29/02/2008
  • Currency
    £ Sterling
  • Available Share Class
    O & I
  • ISIN (O Class)
    GB00B2990B27 (Acc)
    GB00B2996V43 (Inc)
  • Bloomberg (O Class)
    CFTSPOA_LN (Acc)
    CFTSPOI_LN (Inc)
  • Sedol (O Class)
    B2990B2 (Acc)
    B2996V4 (Inc)

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