ISIN:
GB00B7W36529
IA Sector:
IA Targeted Absolute Return
Risk level:
FE fundinfo Rating:
2 of 5
Income
Price:
120.7900 GBX
15 October 2025
Last change:
icon-up-small 0.61%
1 year change:
icon-up-small 9.70%
5 year annualised return:
4.26%
12 month yield:
2.66%
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Fund Objective: The Fund seeks to deliver positive returns on a rolling 3 year basis after fees. The Fund aims to deliver positive returns before fees within a range of cash (SONIA (30-day compounded)) on a rolling 3 year basis and cash (SONIA (30-day compounded)) + 4% per annum on a rolling 5 year basis (meaning a period of three years or five years respectively, no matter which day you start on). However, positive returns are not guaranteed and a capital loss may occur. The Fund will: invest anywhere in the world; follow a broad 'multi-asset' portfolio approach (e.g. company shares (i.e. equities) and similar investments, bonds and similar debt investments and cash); invest in bonds, issued by governments and companies, with high and low credit ratings (i.e. investment grade and/or sub-investment grade bonds as rated by Standard and Poor's or similar agencies); gain exposure to currencies, commodities (e.g. gold) and property through stock exchange listed investments and/or derivatives; invest in derivatives (financial instruments whose value is derived from other assets) to help achieve the Fund's investment objective. The Fund will also use derivatives with the aim of risk or cost reduction or to generate additional capital or income; and limit investment in other collective investment schemes to 10%. The Fund may: invest in emerging markets; invest more than 35% of its assets in government and public securities issued or guaranteed by a single state, local authority or public international body; invest up to 8.5% of its assets in systematic trading strategies, which are quantitative and rule-based in nature that seek to deliver returns across different market conditions. These strategies may either not be directly accessible through traditional investment instruments such as equities or bonds, or may be implemented more efficiently (from an operational and/ or cost perspective). Access to these strategies may be gained through instruments such as structured notes, derivative instruments and collective investment schemes; invest in Contingent Convertible Securities (CoCo's); invest significantly in cash and cash-like investments; and invest in closed-ended funds which have their own operating costs. These operating costs are not included in the ongoing charges but are reflected in the Fund's performance.
| Manager name | BNY Mellon Fund Managers Ltd |
|---|---|
| Manager start date | 11 March 2024 |
| Manager Biography | Aron is co-head of the Real Return team and risk strategist for the Real Return portfolios, with a particular focus on the use of derivatives and hedging. Together with Andy Warwick, Aron is responsible for the final capital allocation decisions on the strategy. Aron joined Newton in 2006 as a member of the portfolio analytics team, where he was responsible for risk analysis and portfolio construction across Newton’s institutional and retail portfolios. Previously, he worked as a quantitative analyst at Lacima Group. |
| Investment style: | Absolute Return,Flexible |
|---|---|
| Region (geographical) | Global |
| Benchmark | Bank Of England Sterling Overnight Index Average |
|---|---|
| Sector | IA Targeted Absolute Return |
| FE fundinfo Rating | 2 of 5 |
Fund size: 2,079,729,140.57 GBX
Chart date: October 15, 2025
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Find out more about responsible investing with Halifax including ESG (Environmental, Social and Governance).
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