FP Russell Investments Limited Multi Asset Growth Fund I Class C Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 3.2% | 4.5% | -11.0% | 2.1% | 8.6% |
| Sector | 3.2% | 3.7% | -9.5% | 1.3% | 9.1% |
| Rank | 26/44 | 24/49 | 38/55 | 21/60 | 43/62 |
| Quartile | 3 | 2 | 3 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -0.5% | 1.3% | n/a | |
| Sector | 0.0% | 1.4% | 2.4% | |
| Rank | 41/55 | 31/44 | n/a | |
| Quartile | 3 | 3 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| British Pound Spot | 0.30 |
| KFW MTN RegS 4.125 02/18/2026 | 0.09 |
| European Investment Bank 6% 2028 | 0.08 |
| KFW MTN RegS 3.75 07/30/2027 | 0.08 |
| KFW MTN RegS 4.875 10/10/2028 | 0.08 |
| KFW BANKENGRUPPE MTN 6 12/07/2028 | 0.08 |
| EUROPEAN INVESTMENT BANK 5.625 06/07/2032 | 0.08 |
| EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 | 0.07 |
| KFW MTN RegS 0.875 09/15/2026 | 0.06 |
| KFW MTN RegS 1.375 12/15/2025 | 0.06 |
| Total | 0.99 |
Fund Aims
The Fund aims to preserve the value of capital in line with inflation (Consumer Price Index) over the long term (5 to 6 years). Capital invested in the Fund is at risk and there is no guarantee that that the investment objective will be met over the 5 to 6 year investment period or in respect of any other period.
Fund Manager
Senior Portfolio Manager, Multi-Asset Solutions – EMEA
B.A. (Honours), Economics and Law
Member of the Securities Institute
CFA Charterholder, CFA Institute
David Vickers is a Senior Portfolio Manager in the Multi-Asset Solutions team at Russell Investments, where he and his team are responsible for the flagship Multi Asset Growth portfolios. The majority of these assets have outcome orientated objectives and as such David plays a key role in the formation of the firm’s dynamic and tactical asset allocation policy.
David joined Russell Investments in 2013 from Sarasin & Partners where he was the lead fund manager within the multi-asset team. During his tenure at Sarasin, David managed The Alpha Common Investment Fund, Sarasin’s flagship charity endowment fund, for which his team won the FT charity fund Managers investors award in 2011, 2012. David was also a core member of the investment policy committee that set the asset allocation and investment strategy for the firm. He was made a partner in 2011.
David joined Sarasin’s in 2007 from Baring Asset Management, where his primary responsibility had been the management of multi asset portfolios for ultra-high net worth charities and private individuals. In addition David managed the US equity element of Barings’ flagship private client unit trust. David started his career in the asset management industry in 1999.
Fund Overview
| Mid (20/12/2024) | 104.08p |
| Historic yield | 1.53% |
| Fund size (31/10/2024) | £27.60m |
| Number of holdings | 1396 |
| Entry Charge | 3.00% |
| Ongoing Charges | 0.61% |
| Launch date | 23/11/2015 |
Asset Allocation
| International Bonds | 9.88% | |
| Commodities | 9.82% | |
| UK Corporate Bonds | 4.74% | |
| Money Market | 0.11% | |
| Cash and Equivalents | -0.09% | |
| Other Assets | 75.54% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 9.88% | |
| Commodities | 9.82% | |
| UK Corporate Bonds | 4.74% | |
| Money Market | 0.11% | |
| Cash and Equivalents | -0.09% | |
| Other Assets | 75.54% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 75.54% | - | - | - | |
| Non-Classified | - | 75.29% | - | - | |
| Non-Classified | - | - | 75.29% | - | |
| Non-Classified | - | - | - | 75.29% | |
| Bonds | 14.63% | - | - | - | |
| Commodities | 9.82% | - | - | - | |
| Commodities | - | 9.82% | - | - | |
| Commodities | - | - | 9.82% | - | |
| Commodities | - | - | - | 9.82% | |
| Cash and Equivalents | 0.02% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Non-Classified | 76.83% | |
| Developed Europe - Excl UK | 13.69% | |
| UK | 4.74% | |
| North America | 2.96% | |
| Commodities | 1.13% | |
| Emerging Asia | 0.22% | |
| Australia & New Zealand | 0.14% | |
| South & Central America | 0.13% | |
| Japan | 0.07% | |
| Other Regions | 0.10% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 85.38% | |
| Pound Sterling | 14.05% | |
| US Dollar | 0.36% | |
| Euro | 0.20% | |
| Australian Dollar | 0.01% | |
| Lari | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 76.83% | - | |
| Developed Europe - Excl UK | 13.69% | - | |
Ireland
|
- | 8.72% | |
France
|
- | 1.16% | |
Germany
|
- | 1.02% | |
Luxembourg
|
- | 0.87% | |
Netherlands
|
- | 0.75% | |
Spain
|
- | 0.25% | |
Finland
|
- | 0.17% | |
Denmark
|
- | 0.17% | |
Switzerland
|
- | 0.15% | |
Sweden
|
- | 0.14% | |
Italy
|
- | 0.12% | |
Norway
|
- | 0.09% | |
Belgium
|
- | 0.08% | |
| UK | 4.74% | - | |
United Kingdom
|
- | 4.74% | |
| North America | 2.96% | - | |
United States
|
- | 2.53% | |
Canada
|
- | 0.43% | |
| Commodities | 1.13% | - | |
| Emerging Asia | 0.22% | - | |
Philippines
|
- | 0.22% | |
| Australia & New Zealand | 0.14% | - | |
Australia
|
- | 0.14% | |
| South & Central America | 0.13% | - | |
Mexico
|
- | 0.09% | |
Venezuela
|
- | 0.03% | |
| Japan | 0.07% | - | |
Japan
|
- | 0.07% | |
| Middle East & Africa | 0.07% | - | |
Cote D'Ivoire
|
- | 0.04% | |
United Arab Emirates
|
- | 0.03% | |
| Cash and Equivalents | 0.02% | - | |
| Developed Asia | 0.02% | - | |
Singapore
|
- | 0.02% | |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | British Pound Spot | 0.30% | Non-Classified | Non-Classified |
| 2 | KFW MTN RegS 4.125 02/18/2026 | 0.09% | Bonds | Germany |
| 3 | European Investment Bank 6% 2028 | 0.08% | Bonds | Luxembourg |
| 4 | KFW MTN RegS 3.75 07/30/2027 | 0.08% | Bonds | Germany |
| 5 | KFW MTN RegS 4.875 10/10/2028 | 0.08% | Bonds | Germany |
| 6 | KFW BANKENGRUPPE MTN 6 12/07/2028 | 0.08% | Bonds | Germany |
| 7 | EUROPEAN INVESTMENT BANK 5.625 06/07/2032 | 0.08% | Bonds | Luxembourg |
| 8 | EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 | 0.07% | Bonds | Luxembourg |
| 9 | KFW MTN RegS 0.875 09/15/2026 | 0.06% | Bonds | Germany |
| 10 | KFW MTN RegS 1.375 12/15/2025 | 0.06% | Bonds | Germany |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | - | - | - | - | - | - | - | -0.09% | -0.09% |
| Bonds | - | - | 4.74% | 9.88% | - | - | - | - | 14.63% |
| Non-Classified | - | - | - | - | - | - | 85.35% | 0.11% | 85.47% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BYXJKM3 |
| Mex Code | - |
| Isin Code | GB00BYXJKM30 |
| Citi Code | MU6C |
Fund Charges
| Entry Charge | 3.00% |
| Ongoing Charges | 0.61% |
Aims and Benchmark
| Aims | The Fund aims to preserve the value of capital in line with inflation (Consumer Price Index) over the long term (5 to 6 years). Capital invested in the Fund is at risk and there is no guarantee that that the investment objective will be met over the 5 to 6 year investment period or in respect of any other period. |
| Benchmark | No Benchmark for this fund |
| Benchmark Category | - |
| IA Sector | Mixed Investment 0-35% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 07:00 |
| Fund type | ICVC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 02 December | 31 January |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | State Street Trustees Limited |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | FP Russell Investments Limited |
| Group address | IFDS House St Nicholas Lane Basildon Essex SS15 5FS |
| Group telephone | 0845 002 0785 |
| Dealing telephone | - |
| - | |
| Homepage | https://russellinvestments.com/uk/ |
| Fax number | - |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £500 |
| Minimum Regular Saving | £100 |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.