Halifax - Buy Funds - Investments

At a glance performance and information

Eligibility:

Share Dealing Account

ISA

ShareBuilder

SIPP

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Fund:

CT Dynamic Real Return ZNA GBP
Sector:

IA Targeted Absolute Return
Benchmark:

UK Consumer Price Index + 4%

Discrete calendar year performance

Discrete calendar year performance
Investment	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
CT Dynamic Real Return ZNA GBP	19.60%	2.90%	-4.38%	9.10%	2.08%
IA Targeted Absolute Return	10.09%	2.50%	0.33%	6.33%	4.67%
UK Consumer Price Index + 4%	4.76%	11.32%	14.48%	7.29%	6.75%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
CT Dynamic Real Return ZNA GBP	-1.85%	0.50%	4.68%	4.19%	4.93%
IA Targeted Absolute Return	0.26%	2.36%	4.46%	4.13%	4.43%
UK Consumer Price Index + 4%	1.45%	2.76%	5.99%	8.69%	8.97%

Overview

Fund Objective: The Fund aims to provide a rate of return on your investment above inflation (defined as the Consumer Price Index (CPI)), and currently targets an average annual return of CPI +4% when measured over 3 to 5 years, before charges are deducted. Regardless of market conditions, the Fund also seeks to deliver a positive return over any 3-year period. However, positive returns are not guaranteed, and no form of capital protection applies. The Fund actively manages an exposure to bonds, company shares, money market instruments, cash, currencies, commodities, property and other alternative asset classes on a global basis. The exposure to these asset classes varies over time, as deemed necessary to achieve the investment objective, which may result in the Fund having little or no exposure to certain asset classes. The Fund obtains exposure to different asset classes by investing in other collective investment schemes (including funds managed by Columbia Threadneedle companies) or by using derivatives. The Fund may also invest directly in bonds (including government and corporate bonds), company shares, money market instruments, deposits and cash. The Fund does not invest in physical commodities or directly in property. In addition to using derivatives for investment purposes, derivatives may be used with the aim of reducing risk or managing the Fund more efficiently. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets.

Manager name	Threadneedle Investment Services Limited
Manager start date	01 November 2022
Manager Biography	Christopher Mahon is Head of Dynamic Real Return strategies at Columbia Threadneedle Investments. He joined the company in 2022 within its EMEA Asset Allocation team and is also a member of the Asset Allocation Committee. Previously, Christopher worked at Barings Asset Management for 10 years where he led the Multi Asset team and was a Senior Portfolio Manager responsible for a number of multi asset portfolios. Prior to this he was Head of Investment Strategy at Rand Merchant Bank (now Momentum Asset Management) and a Senior Analyst at Coronation Fund Managers. Christopher started his career as a consultant at Oliver Wyman Strategy Consulting and has worked in the financial services industry since 1999.Christopher has a degree in Natural Science from Cambridge University.

Investment style:	Absolute Return,Flexible,Leveraged,Total Return
Region (geographical)	Global

Benchmark	UK Consumer Price Index + 4%
Sector	IA Targeted Absolute Return
FE fundinfo Rating	2 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	N/A%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.91%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	N/A
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 581,634,312.02 GBX

Chart date: May 13, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
Global equities	19.16%
Hy credit	14.53%
Ct sterling corporate bond fund institutional x gross income gbp	10.47%
Gov of uk 1.25% 31-jul-2051	7.96%
Ct japan fund institutional x accumulation gbp	6.31%
Ct american fund institutional x accumulation gbp	5.90%
Ct asia fund institutional x accumulation gbp	4.91%
Ct uk property authorised trust institutional income gbp	4.01%
Emini s&p 500 (cme) jun 25	3.21%
Ct european select fund x accumulation gbp	2.47%

Sectors

Sectors
Sectors	Weight
Equities	19.10%
North American Equities	13.80%
High Yield Bond	13.80%
Investment Grade Bonds	10.90%
Government Bonds	8.60%
Japanese Equities	7.20%
Others	5.20%
Property	5.00%
Equities	4.60%
Equities	4.20%

World regions

World regions
Country	Weight
No results

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

CT Dynamic Real Return ZNA GBP