Valu-Trac VT AJ Bell Cautious Class I Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/20
to
31/03/21		 31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24		 31/03/24
to
31/03/25
Fund 9.3% 2.4% -3.2% 6.5% 1.1%
Sector 12.1% -0.2% -5.9% 5.9% 3.3%
Rank 41/48 7/55 6/58 26/61 62/63
Quartile 4 1 1 2 4

Annualised performance

Annualised
3 Years to
31/03/25		 5 Years to
31/03/25		 10 Years to
31/03/25
Fund 1.4% 3.1% n/a
Sector 0.9% 2.9% 2.1%
Rank 28/58 26/48 n/a
Quartile 2 3 n/a

Top 10 Holdings

Stock % Weight
State Street EM Hard Currency Gvt Bd Idx I USD Acc 5.98
1¼% Treasury Gilt 2027 2.03
⅛% Treasury Gilt 2026 2.03
US T Bill 1.25% 15/04/2028 (Index Linked) 1.98
3¼% Treasury Gilt 2044 1.55
3¾% Treasury Gilt 2052 1.55
1¾% Treasury Gilt 2037 1.53
US T Bill 1.625% 15/10/2029 (Index Linked) 1.49
US T Bill 0.125% 15/04/2027 (Index Linked) 1.49
UK GILT 4.125% 22/07/2029 1.02
Total 20.66

Fund Aims

The investment objective of the VT AJ Bell Passive Cautious is to achieve long-term capital growth with a high level of exposure to lower risk assets such as cash and fixed income and a low level of exposure to higher risk assets such as equities. The Fund will seek to achieve its objective by investing primarily in listed securities (ETFs, futures, fixed income securities, money market instruments and equities), but also, particularly in the early stages of the Fund's growth, in other collective investment schemes. The Fund will invest, wherever practically possible, in 'passive' investments, which are instruments and investment strategies that aim to track the performance of various financial indices. The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required. The Fund may have exposure to emerging markets through its investments in e.g. collective investment schemes or futures. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price of other assets) are held only for efficient portfolio management purposes.

Fund Manager

AJ Bell Investments LLP manager for 7 years and 11 months

Photo of AJ Bell Investments LLP TBC

Fund Overview

Mid (02/04/2025) 120.87p
Historic yield 1.55%
Fund size (28/02/2025) £109.65m
Number of holdings 4783
Entry Charge 0.00%
Ongoing Charges 0.31%
Launch date 18/04/2017

Asset Allocation

pie chart
  International Bonds 20.82%
  International Equities 15.51%
  UK Gilts 11.24%
  UK Corporate Bonds 6.61%
  Cash and Equivalents 5.64%
  UK Equities 3.77%
  Money Market 2.71%
  Investment Trusts 0.21%
  Alternative Trading Strategies 0.20%
  Other Assets 33.28%
Portfolio data accurate as at: 28/02/25
Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 20.82%
  International Equities 15.51%
  UK Gilts 11.24%
  UK Corporate Bonds 6.61%
  Cash and Equivalents 5.64%
  UK Equities 3.77%
  Money Market 2.71%
  Investment Trusts 0.21%
  Alternative Trading Strategies 0.20%
  Other Assets 33.28%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 38.67% - - -
 
 Non-Classified 33.29% - - -
 
 Non-Classified - 21.04% - -
 
 Non-Classified - - 21.04% -
 
 Non-Classified - - - 21.04%
 
 Cash and Equivalents 8.35% - - -
 
 Technology 4.43% - - -
 
 Technology - 4.43% - -
 
 Technology Hardware & Equipment - - 2.41% -
 
 Semiconductors - - - 1.34%
 
 Computer Hardware - - - 0.76%
 
 Production Technology Equipment - - - 0.23%
 
 Electronic Components - - - 0.08%
 
 Software & Computer Services - - 2.03% -
 
 Software - - - 1.18%
 
 Consumer Digital Services - - - 0.68%
 
 Computer Services - - - 0.17%
 
 Financials 3.36% - - -
 
 Banks - 1.54% - -
 
 Banks - - 1.54% -
 
 Banks - - - 1.54%
 
 Financial Services - 1.16% - -
 
 Investment Banking & Brokerage Services - - 0.76% -
 
 Asset Managers & Custodians - - - 0.32%
 
 Diversified Financial Services - - - 0.22%
 
 Investment Services - - - 0.22%
 
 Equity Investment Instruments - - 0.22% -
 
 Equity Investment Instruments - - - 0.22%
 
 Finance & Credit Services - - 0.19% -
 
 Financial Data & Systems - - - 0.16%
 
 Consumer Lending - - - 0.03%
 
 Mortgage Finance - - - 0.00%
 
 Insurance - 0.66% - -
 
 Non-life Insurance - - 0.49% -
 
 Full Line Insurance - - - 0.21%
 
 Property & Casualty Insurance - - - 0.14%
 
 Reinsurance - - - 0.07%
 
 Insurance Brokers - - - 0.06%
 
 Life Insurance - - 0.18% -
 
 Life Insurance - - - 0.18%
 
 Industrials 2.59% - - -
 
 Industrial Goods & Services - 2.30% - -
 
 Industrial Support Services - - 0.61% -
 
 Transaction Processing Services - - - 0.33%
 
 Professional Business Support Services - - - 0.21%
 
 Industrial Suppliers - - - 0.06%
 
 Security Services - - - 0.01%
 
 Business Training & Employment Agencies - - - 0.01%
 
 Forms & Bulk Printing Services - - - 0.00%
 
 Aerospace & Defence - - 0.49% -
 
 Aerospace - - - 0.32%
 
 Defense - - - 0.17%
 
 General Industrials - - 0.35% -
 
 Diversified Industrials - - - 0.27%
 
 Containers & Packaging - - - 0.04%
 
 Paints & Coatings - - - 0.03%
 
 Plastics - - - 0.01%
 
 Glass - - - 0.00%
 
 Electronic & Electrical Equipment - - 0.32% -
 
 Electrical Components - - - 0.19%
 
 Electronic Equipment: Control & Filter - - - 0.06%
 
 Electronic Equipment: Gauges & Meters - - - 0.04%
 
 Electronic Equipment: Other - - - 0.02%
 
 Electronic Equipment: Pollution Control - - - 0.01%
 
 Industrial Transportation - - 0.31% -
 
 Railroads - - - 0.06%
 
 Transportation Services - - - 0.06%
 
 Delivery Services - - - 0.05%
 
 Commercial Vehicle-Equipment Leasing - - - 0.05%
 
 Commercial Vehicles & Parts - - - 0.05%
 
 Marine Transportation - - - 0.03%
 
 Trucking - - - 0.01%
 
 Railroad Equipment - - - 0.01%
 
 Industrial Engineering - - 0.22% -
 
 Machinery: Construction & Handling - - - 0.09%
 
 Machinery: Industrial - - - 0.06%
 
 Machinery: Agricultural - - - 0.02%
 
 Machinery: Engines - - - 0.02%
 
 Machinery: Tools - - - 0.02%
 
 Machinery: Specialty - - - 0.01%
 
 Construction & Materials - 0.29% - -
 
 Construction & Materials - - 0.29% -
 
 Building Materials: Other - - - 0.09%
 
 Construction - - - 0.07%
 
 Cement - - - 0.06%
 
 Building: Climate Control - - - 0.04%
 
 Engineering & Contracting Services - - - 0.03%
 
 Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
 Consumer Discretionary 2.50% - - -
 
 Retail - 0.85% - -
 
 Retailers - - 0.85% -
 
 Diversified Retailers - - - 0.58%
 
 Home Improvement Retailers - - - 0.13%
 
 Apparel Retailers - - - 0.08%
 
 Specialty Retailers - - - 0.06%
 
 Consumer Products & Services - 0.57% - -
 
 Personal Goods - - 0.30% -
 
 Clothing & Accessories - - - 0.16%
 
 Luxury Items - - - 0.06%
 
 Footwear - - - 0.05%
 
 Cosmetics - - - 0.03%
 
 Consumer Services - - 0.13% -
 
 Vending & Catering Service - - - 0.08%
 
 Consumer Services: Misc. - - - 0.05%
 
 Rental & Leasing Services: Consumer - - - 0.00%
 
 Household Goods & Home Construction - - 0.09% -
 
 Home Construction - - - 0.07%
 
 Household Equipment & Products - - - 0.01%
 
 Household Appliance - - - 0.00%
 
 Household Furnishings - - - 0.00%
 
 Leisure Goods - - 0.05% -
 
 Electronic Entertainment - - - 0.02%
 
 Recreational Vehicles & Boats - - - 0.01%
 
 Consumer Electronics - - - 0.01%
 
 Toys - - - 0.01%
 
 Recreational Products - - - 0.00%
 
 Photography - - - 0.00%
 
 Automobiles & Parts - 0.38% - -
 
 Automobiles & Parts - - 0.38% -
 
 Automobiles - - - 0.34%
 
 Auto Parts - - - 0.02%
 
 Tires - - - 0.02%
 
 Auto Services - - - 0.00%
 
 Media - 0.36% - -
 
 Media - - 0.36% -
 
 Publishing - - - 0.16%
 
 Entertainment - - - 0.12%
 
 Media Agencies - - - 0.06%
 
 Radio & TV Broadcasters - - - 0.02%
 
 Travel & Leisure - 0.34% - -
 
 Travel & Leisure - - 0.34% -
 
 Restaurants & Bars - - - 0.10%
 
 Travel & Tourism - - - 0.08%
 
 Hotels & Motels - - - 0.07%
 
 Airlines - - - 0.06%
 
 Casinos & Gambling - - - 0.03%
 
 Recreational Services - - - 0.00%
 
 Health Care 2.14% - - -
 
 Health Care - 2.14% - -
 
 Pharmaceuticals & Biotechnology - - 1.46% -
 
 Pharmaceuticals - - - 1.35%
 
 Biotechnology - - - 0.11%
 
 Medical Equipment & Services - - 0.47% -
 
 Medical Equipment - - - 0.33%
 
 Medical Supplies - - - 0.13%
 
 Medical Services - - - 0.01%
 
 Health Care Providers - - 0.21% -
 
 Health Care Management Services - - - 0.16%
 
 Health Care Facilities - - - 0.03%
 
 Health Care Services - - - 0.02%
 
 Consumer Staples 1.37% - - -
 
 Food, Beverage & Tobacco - 0.79% - -
 
 Beverages - - 0.30% -
 
 Soft Drinks - - - 0.13%
 
 Distillers & Vintners - - - 0.12%
 
 Brewers - - - 0.05%
 
 Food Producers - - 0.29% -
 
 Food Products - - - 0.26%
 
 Farming, Fishing, Ranching & Plantations - - - 0.02%
 
 Fruit & Grain Processing - - - 0.01%
 
 Tobacco - - 0.20% -
 
 Tobacco - - - 0.20%
 
 Personal Care, Drug & Grocery Stores - 0.58% - -
 
 Personal Care, Drug & Grocery Stores - - 0.58% -
 
 Personal Products - - - 0.34%
 
 Food Retailers & Wholesalers - - - 0.14%
 
 Nondurable Household Products - - - 0.07%
 
 Drug Retailers - - - 0.04%
 
 Energy 0.95% - - -
 
 Energy - 0.95% - -
 
 Non-Renewable Energy - - 0.92% -
 
 Integrated Oil & Gas - - - 0.64%
 
 Oil: Crude Producers - - - 0.09%
 
 Oil Refining and Marketing - - - 0.09%
 
 Pipelines - - - 0.05%
 
 Oil Equipment & Services - - - 0.03%
 
 Offshore Drilling & Other Services - - - 0.01%
 
 Coal - - - 0.00%
 
 Renewable Energy - - 0.03% -
 
 Renewable Energy Equipment - - - 0.03%
 
 Alternative Fuels - - - 0.00%
 
 Basic Materials 0.63% - - -
 
 Basic Resources - 0.39% - -
 
 Industrial Metals & Mining - - 0.33% -
 
 General Mining - - - 0.23%
 
 Iron & Steel - - - 0.04%
 
 Copper - - - 0.03%
 
 Metal Fabricating - - - 0.02%
 
 Aluminum - - - 0.01%
 
 Nonferrous Metals - - - 0.01%
 
 Precious Metals & Mining - - 0.03% -
 
 Gold Mining - - - 0.03%
 
 Platinum & Precious Metals - - - 0.01%
 
 Diamonds & Gemstones - - - 0.00%
 
 Industrial Materials - - 0.03% -
 
 Paper - - - 0.02%
 
 Diversified Materials - - - 0.01%
 
 Forestry - - - 0.00%
 
 Chemicals - 0.24% - -
 
 Chemicals - - 0.24% -
 
 Chemicals: Diversified - - - 0.14%
 
 Specialty Chemicals - - - 0.10%
 
 Fertilizers - - - 0.01%
 
 Chemicals & Synthetic Fibers - - - 0.00%
 
 Utilities 0.61% - - -
 
 Utilities - 0.61% - -
 
 Electricity - - 0.36% -
 
 Conventional Electricity - - - 0.35%
 
 Alternative Electricity - - - 0.02%
 
 Gas, Water & Multi-utilities - - 0.23% -
 
 Multi-Utilities - - - 0.17%
 
 Water - - - 0.04%
 
 Gas Distribution - - - 0.01%
 
 Waste & Disposal Services - - 0.03% -
 
 Waste & Disposal Services - - - 0.03%
 
 Telecommunications 0.51% - - -
 
 Telecommunications - 0.51% - -
 
 Telecommunications Service Providers - - 0.34% -
 
 Telecommunications Services - - - 0.30%
 
 Cable Television Services - - - 0.04%
 
 Telecommunications Equipment - - 0.16% -
 
 Telecommunications Equipment - - - 0.16%
 
 Real Estate 0.38% - - -
 
 Real Estate - 0.38% - -
 
 Real Estate Investment Trusts - - 0.29% -
 
 Other Specialty REITs - - - 0.05%
 
 Industrial REITs - - - 0.04%
 
 Retail REITs - - - 0.04%
 
 Residential REITs - - - 0.04%
 
 Health Care REITs - - - 0.03%
 
 Infrastructure REITs - - - 0.03%
 
 Diversified REITs - - - 0.02%
 
 Storage REITs - - - 0.02%
 
 Office REITs - - - 0.01%
 
 Hotel & Lodging REITs - - - 0.01%
 
 Timber REITs - - - 0.00%
 
 Real Estate Investment & Services - - 0.09% -
 
 Real Estate Holding and Development - - - 0.06%
 
 Real Estate Services - - - 0.03%
 
 Alternative Trading Strategies 0.20% - - -
 
 Alternative Trading Strategies - 0.20% - -
 
 Alternative Trading Strategies - - 0.20% -
 
 Alternative Trading Strategies - - - 0.20%

Regional Allocation

pie chart
  UK 21.61%
  North America 21.60%
  Non-Classified 34.93%
  Developed Europe - Excl UK 9.59%
  Cash and Equivalents 8.35%
  Emerging Asia 1.58%
  Australia & New Zealand 0.73%
  Japan 0.65%
  Middle East & Africa 0.31%
  Other Regions 0.64%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 60.81%
  Pound Sterling 28.48%
  US Dollar 9.25%
  Unrecognised 0.74%
  Cash 0.52%
  Euro 0.17%
  Other Currencies 0.03%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 21.61% -
 
 United Kingdom - 21.62%
 
 North America 21.60% -
 
 United States - 20.69%
 
 Canada - 0.91%
 
 Non-Classified 34.93% -
 
 Developed Europe - Excl UK 9.59% -
 
 France - 2.46%
 
 Germany - 1.53%
 
 Netherlands - 1.33%
 
 Switzerland - 0.99%
 
 Luxembourg - 0.74%
 
 Spain - 0.47%
 
 Sweden - 0.40%
 
 Denmark - 0.38%
 
 Italy - 0.33%
 
 Ireland - 0.31%
 
 Finland - 0.26%
 
 Norway - 0.20%
 
 Belgium - 0.16%
 
 Austria - 0.02%
 
 Portugal - 0.01%
 
 Cash and Equivalents 8.35% -
 
 Emerging Asia 1.58% -
 
 India - 0.51%
 
 Taiwan - 0.49%
 
 South Korea - 0.26%
 
 Philippines - 0.18%
 
 Indonesia - 0.04%
 
 Malaysia - 0.04%
 
 Thailand - 0.04%
 
 China - 0.03%
 
 Bangladesh - 0.00%
 
 Australia & New Zealand 0.73% -
 
 Australia - 0.82%
 
 Japan 0.65% -
 
 Japan - 0.65%
 
 Middle East & Africa 0.31% -
 
 Saudi Arabia - 0.10%
 
 South Africa - 0.07%
 
 United Arab Emirates - 0.06%
 
 Cote D'Ivoire - 0.03%
 
 Qatar - 0.02%
 
 Kuwait - 0.02%
 
 Israel - 0.00%
 
 Egypt - 0.00%
 
 Property 0.19% -
 
 South & Central America 0.17% -
 
 Mexico - 0.13%
 
 Venezuela - 0.03%
 
 Chile - 0.01%
 
 Colombia - 0.00%
 
 Peru - 0.00%
 
 Developed Asia 0.12% -
 
 Singapore - 0.10%
 
 Hong Kong - 0.02%
 
 Australia & New Zealand 0.10% -
 
 Emerging Europe 0.07% -
 
 Poland - 0.04%
 
 Turkey - 0.02%
 
 Greece - 0.01%
 
 Hungary - 0.01%
 
 Czech Republic - 0.00%
 
 Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
11.63%
Large
 
 
3.34%
Medium
 
 
1.04%
Small
 
 
0.15%
Micro
 
 
0.03%
Non-Classified
 
 
36.79%
Bonds
 
 
38.67%
Cash
 
 
8.35%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
24.25%
5Yr - 10Yr Maturity
 
 
4.65%
10Yr - 15Yr Maturity
 
 
3.08%
> 15Yr Maturity
 
 
6.69%
Cash And Equivalents
 
 
8.35%
Unknown Maturity
 
 
12.09%
Other Asset Types
 
 
40.89%

Fixed Interest Quality Profile

AAA
 
 
11.79%
AA
 
 
13.47%
A
 
 
4.31%
BBB
 
 
5.03%
Sub-Investment Grade
 
 
0.11%
Unknown Quality
 
 
3.95%
Cash and Equivalents
 
 
8.35%
Other Asset Types
 
 
52.98%

Top 10 Fund Holdings

Name % Weight Sector Country
1 Vanguard U.K Investment Grade Bond Index Institutional Plus 13.66% Managed Funds Managed Funds
2 BlackRock Institutional Cash Series ICS Sterling Liquidity Premier 11.12% Managed Funds Managed Funds
3 iShares iShares IV plc £ Ultrashort Bond UCITS ETF GBP (Dist) 10.12% Managed Funds Managed Funds
4 SPDR ETF SPDR S&P 500 UCITS ETF - 9.64% Managed Funds Managed Funds
5 State Street EM Hard Currency Gvt Bd Idx I USD Acc 5.98% Non-Classified Non-Classified
6 Vanguard FTSE Developed Europe ex-U.K Equity Index Institutional Plus GBP 4.20% Managed Funds Managed Funds
7 Vanguard FTSE U.K. All Share Index Unit Trust Institutional Plus GBP 4.14% Managed Funds Managed Funds
8 SSgA Global High Yield Constrained Index Class I Hedged 3.30% Managed Funds Managed Funds
9 Invesco Markets Plc Invesco GBP Corporate Bond UCITS ETF (Dist.) 2.51% Managed Funds Managed Funds
10 1¼% Treasury Gilt 2027 2.03% Bonds United Kingdom

Top 10 Holdings

Stock % Weight Sector Country
1 State Street EM Hard Currency Gvt Bd Idx I USD Acc 5.98% Non-Classified Non-Classified
2 1¼% Treasury Gilt 2027 2.03% Bonds United Kingdom
3 ⅛% Treasury Gilt 2026 2.03% Bonds United Kingdom
4 US T Bill 1.25% 15/04/2028 (Index Linked) 1.98% Bonds United States
5 3¼% Treasury Gilt 2044 1.55% Bonds United Kingdom
6 3¾% Treasury Gilt 2052 1.55% Bonds United Kingdom
7 1¾% Treasury Gilt 2037 1.53% Bonds United Kingdom
8 US T Bill 1.625% 15/10/2029 (Index Linked) 1.49% Bonds United States
9 US T Bill 0.125% 15/04/2027 (Index Linked) 1.49% Bonds United States
10 UK GILT 4.125% 22/07/2029 1.02% Non-Classified Non-Classified

Identification Codes

Sedol Code BYW8RV9
Mex Code VMSEI
Isin Code GB00BYW8RV97
Citi Code NT3G

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.31%

Aims and Benchmark

Aims The investment objective of the VT AJ Bell Passive Cautious is to achieve long-term capital growth with a high level of exposure to lower risk assets such as cash and fixed income and a low level of exposure to higher risk assets such as equities. The Fund will seek to achieve its objective by investing primarily in listed securities (ETFs, futures, fixed income securities, money market instruments and equities), but also, particularly in the early stages of the Fund's growth, in other collective investment schemes. The Fund will invest, wherever practically possible, in 'passive' investments, which are instruments and investment strategies that aim to track the performance of various financial indices. The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required. The Fund may have exposure to emerging markets through its investments in e.g. collective investment schemes or futures. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price of other assets) are held only for efficient portfolio management purposes.
Benchmark NONE - The performance of the Fund can be assessed by comparing its total return to funds with similar return and/or risk objectives. The IA (Investment Association) provides the median performance of funds with similar characteristics (IA sectors). The Fund is assigned to the Mixed Investment 0-35% Shares IA sector. Other providers also provide peer groups, based on asset allocation or historical volatility, of which the Fund may be assigned, these may be a useful guide to assess performance.
Benchmark Category Comparator
IA Sector Mixed Investment 0-35% Shares

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Biannually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
31 March 31 May
30 September 30 November

Ratings

FE Crown Crown Rating of 4

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository The National Westminster Bank plc
Fund Administrator Valu-Trac Investment Management Limited
Fund Registrar Valu-Trac Investment Management Limited
Fund Custodian RBC Investor Services Trust (London Branch)

Group Details

Group name Valu-Trac
Group address Valu-Trac Investment Management Limited Orton, Fochabers Moray Scotland IV32 7QE
Group telephone 01343 880217
Dealing telephone -
Email -
Homepage www.valu-trac.com/index.php
Fax number -

Dealing

Minimum Investment £1000
Minimum Top Up £25
Minimum Regular Saving -
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals 3