Describing themselves as ‘relentless investigators’ the Value team, headed up by renowned Value investor Alastair Mundy, comprises portfolio managers and analysts all of whom follow a consistent, disciplined process to assess all investment opportunities when constructing portfolios.
A range of Value funds positioned with the aim of taking advantage of today’s uncertain markets.
Managed using a contrarian/value approach, it blends undervalued, out-of-favour equities with complementary assets, seeking to dampen volatility.
A value-driven, contrarian UK equity Fund. It could be ideal to blend with other equity funds that adopt different investment styles, as part of an overall equity portfolio.
Invests in global companies seen as undervalued where market sentiment is believed to be generally weak. Not restricted by size, industry, or geographical location.
A high conviction ‘Best Ideas’ value portfolio with a UK focus.
A value-driven investment trust investing in a diversified blend of primarily UK companies, with different characteristics, at different stages of recovery, in different sectors.
The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth.
Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Investment objectives and performance targets are subject to change and may not necessarily be achieved, losses may be made.
Specific Risks: The following risk apply as specified;
All funds mentioned above:
Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.
Temple Bar Investment Trust:
Borrowing/leverage risk: The Company can borrow additional money to invest, known as leverage. This increases the exposure of the Company to markets above and beyond its total net asset value. This can help to increase the rate of growth of the fund but also cause losses to be magnified. Charges to capital risk: A portion (60%) of the Company’s expenses are charged to its capital account rather than to its income, which has the effect of increasing income (which may be taxable) whilst reducing its capital to an equivalent extent. This could constrain future capital and income growth.
Company share price risk: The Company’s share price is determined by supply and demand for such shares in the market as well as the net asset value per share. The share price can therefore fluctuate and may represent a discount or premium to the net asset value per share. This can mean that the price of an ordinary share can move independently of the market
Global Special Situations Fund:
Concentrated portfolio: The portfolio invests in a relatively small number of individual holdings. This may mean wider fluctuations in value than more broadly invested portfolios. Derivatives: The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.Cautious Managed and Global Special Situations Funds: Currency exchange: Changes in the relative values of different currencies may adversely affect the value of investments and any related income.
Cautious Managed Fund:
Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.
UK Special Situations and UK Total Return Funds:
Geographic / Sector: Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that the resulting value may decrease whilst portfolios more broadly invested might grow.
Cautious Managed, UK Special Situations and UK Total Return Funds:
Derivatives: The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value and includes the potential for large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.
Cautious Managed and UK Special Situations:
Government securities exposure: The Fund may invest more than 35% of its assets in securities issued or guaranteed by a permitted sovereign entity, as defined in the definitions section of the Fund’s prospectus.
Cautious Managed Fund, Temple Bar Investment Trust:
Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.