Junior Gold. Interim Report For the six month period ended 28 th February 2017 (Unaudited)
|
|
- Meredith Perkins
- 5 years ago
- Views:
Transcription
1 Junior Gold Interim Report For the six month period ended 28 th February 2017 (Unaudited)
2 Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate Director and Registrar Marlborough Fund Managers Ltd Marlborough House 59 Chorley New Road Bolton BL1 4QP Investor Support: (0808) (FREEPHONE) Authorised and regulated by the Financial Conduct Authority. Depositary HSBC Bank plc 8 Canada Square London E14 5HQ Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Investment Adviser Sector Investment Managers Limited 67 Grosvenor Street London W1K 3JN Authorised and regulated by the Financial Conduct Authority. Auditor Barlow Andrews LLP Carlyle House 78 Chorley New Road Bolton BL1 4BY
3 CONTENTS PAGE AUTHORISED INVESTMENT ADVISER S REPORT 1 AUTHORISED STATUS AND GENERAL INFORMATION 3 AUTHORISED CORPORATE DIRECTORS STATEMENT 3 FUND INFORMATION Price and distribution record 4 Number of shares in issue/net asset value per share 4 Ongoing charges 4 Synthetic risk and reward indicator 5 Portfolio statement 6 Portfolio transactions 7 INTERIM FINANCIAL STATEMENTS Statement of total return 8 Statement of change in net assets attributable to shareholders 8 Balance sheet 9 Notes to the interim financial statements 9
4 AUTHORISED INVESTMENT ADVISER S REPORT For the six month period ended 28 February 2017 Percentage change to 28 February 2017 Six months 1 year 3 years 5 years Since launch* Junior Gold % 57.99% 8.94% % % * launched External Source of Economic Data: Morningstar (Class P - mid to mid, net income reinvested) Class P shares first priced on 13 December In the period to that date, the past performance information for the Class C shares has been used. In the context of very strong gains during calendar year 2016, the Fund s performance in the six month period to 28 February 2017 was volatile, losing 14.8% in value. Its benchmark, the FTSE Gold Mines Index, gave up 7.6% in this period indicating the higher volatility of smaller gold mining companies. The price of Gold dropped from about $1,350 to $1,100 before recovering to $1,250 per ounce during the period denting investors confidence. January and February, nevertheless, saw some return of interest with share prices recovering some of the ground lost post the Trump election victory. Global equity markets have rallied to new all-time highs, expecting faster US and global economic growth as the Trump administration attempts to implement its grand plans. The easy picks of oil pipeline approvals were first to receive the all-clear as they can be financed with private capital without impacting the US debt levels. Some other major elements of the plans, such as road, bridge and airport construction spending coupled with tax cuts are facing strong resistance by the Democrats and would require state-backing to finance. The Fed has also softened its tone on future interest rate rises. With clear indications of inflation rising, precious metals are set to benefit as real interest rates remain low. Markets are precariously set for a significant correction either on news of trouble with the Trump administration s plans or with worsening geopolitics. European instability concerns are mounting, with the French nationalist party of Marine Le Pen appearing strong for the first round of presidential elections in April, potentially introducing a harder stance in the European Union. In Germany, Angela Merkel has, for the first time in a decade, fallen behind in the polls for the elections in September. Financial investors have started buying into gold and silver again as safe havens. The Junior Gold Fund has been one of the top performing precious metals funds over a 12 month trailing period as reported by the leading fund database Morningstar: Despite high volatility and the sell-off in gold equities since Trump s election, we think that global economic worries, coupled with rapidly rising inflation in the UK, the Eurozone and America are likely to continue to support gold and silver prices as investors seek safe havens. Precious metals should be, in our view, a key component in every investor s asset base as insurance against the inevitable turbulence and the current sell-off in gold/ silver equities presents an excellent buying opportunity. Junior Gold s portfolio should continue to benefit from the recovery in precious metals prices and those of related equities. Angelos Damaskos 27 March 2017 This report contains FTSE data. Source: FTSE International Limited ( FTSE ) FTSE FTSE is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE s express written consent. 1
5 AUTHORISED INVESTMENT ADVISER S REPORT (CONTINUED) Material Portfolio Changes For the six month period ended 28 February 2017 Major purchases Cost ( ) Major sales Proceeds ( ) Resolute Mining 1,007,599 Newmarket Gold 929,087 Yamana Gold 856,270 Goldcorp 878,722 Iamgold 813,815 Resolute Mining 854,818 Timmins Gold 660,649 Iamgold 841,965 Centamin 618,835 First Majestic Silver 804,338 Torex Gold Resources 572,600 Yamana Gold 667,910 Metals Exploration 410,000 Kingsgate Consolidated 600,965 K92 Mining 355,205 Centamin 531,185 Blackham Resources 336,049 Torex Gold Resources 447,030 First Majestic Silver 322,081 Endeavour Silver 325,101 Hochschild Mining 319,855 Pan African Resources 321,104 Gascoyne Resources 275,133 Argonaut Gold 315,043 Troy Resources 229,865 Premier Gold Mines 156,316 Red 5 212,412 Hochschild Mining 129,380 Fortuna Ventures 200,394 Red 5 116,363 Intermin Resources 173,311 Ramelius Resources 67,874 Millennium Minerals 70,405 Shanta Gold 55,742 Shanta Gold 65,856 Kingsrose Mining 46,966 Brio Gold 34,552 Other sales 2,362 Total purchases for the period 7,581,852 Total sales for the period 8,045,305 2
6 AUTHORISED STATUS AND GENERAL INFORMATION Authorised status Junior Gold is an investment company with variable capital (ICVC) incorporated under the Open Ended Investment Company (OEIC) Regulations It is a UCITS scheme as defined in the Collective Investment Schemes Sourcebook (COLL). The Company is incorporated in England and Wales with the registration number IC and is authorised and regulated by the Financial Conduct Authority with effect from 27 August The shareholders are not liable for the debts of the Company. Investment objectives The investment objective of this Fund is to provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalisation companies specialising in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals. There may be occasions, in light of adverse market conditions, where the Investment Manager chooses to hold high levels of cash, bonds and government securities. The Investment Manager may use derivatives for efficient portfolio management purposes only. Rights and terms attaching to each share class Each share of each class represents a proportional entitlement to the assets of the Fund. The allocation of income and taxation and the rights of each share in the event the Fund is wound up are on the same proportional basis. Change in prospectus No changes have been made since the last report. Up to date key investor information documents, prospectus and reports and accounts for any fund can be requested by the investor at any time. AUTHORISED CORPORATE DIRECTOR S STATEMENT This report has been prepared in accordance with the requirements of the Collective Investment Schemes Sourcebook as issued and amended by the Financial Conduct Authority. ALLAN HAMER JOINT MANAGING DIRECTOR G R HITCHIN INVESTMENT DIRECTOR MARLBOROUGH FUND MANAGERS LTD 5 April
7 FUND INFORMATION Price and distribution record Class C and Class I accumulation shares were first offered at 100p on 1 September Class P accumulation shares were first issued on 13 December Financial year to Highest price Lowest price Net income per share Class C 31 August p 28.74p p 31 August p 20.27p p 31 August p 17.25p p 31 August 2017* 57.83p 36.44p p Class I 31 August p 29.02p p 31 August p 20.50p p 31 August p 17.47p p 31 August 2017* 58.66p 36.99p p Class P 31 August p 29.02p p 31 August p 20.68p p 31 August p 17.66p p 31 August 2017* 59.44p 37.51p p * six month period to 28 February 2017 Number of shares in issue/net asset value per share Net asset value Accumulation NAV per accumulation of scheme property shares in issue share Class C 31 August ,909,233 10,270, p 31 August ,831,270 9,010, p 31 August ,388,039 8,489, p 28 February ,568,575 8,115, p Class I 31 August ,392,793 14,044, p 31 August ,755,306 13,400, p 31 August ,046,780 9,626, p 28 February ,514,998 5,630, p Class P 31 August ,121 2,037, p 31 August ,790 3,174, p 31 August ,053,298 17,048, p 28 February ,583,940 21,144, p Ongoing charges Class C Class I Class P 31 August % 1.66% 1.26% 28 February % 1.64% 1.24% The ongoing charge figure is based on expenses for the year. This figure may vary from year to year. It excludes: Performance fees Portfolio transaction costs, except in the case of an entry/exit charge paid by the fund when buying or selling units in another collective investment scheme. 4
8 FUND INFORMATION (CONTINUED) Synthetic risk and reward indicator Lower risk Higher risk Typically lower rewards Typically higher rewards The risk and reward indicator above aims to provide you with an indication of the overall risk and reward profile of the fund. It is calculated based on the volatility of the fund using weekly historic returns over the last five years. If five years data is not available for a fund, the returns of a representative portfolio are used. This Fund has been measured as 7 because it has experienced very high volatility historically. 5
9 Portfolio statement as at 28 February 2017 Holding or Bid Percentage of nominal value value total net assets as at 28 Feb 17 % AUSTRALIA (41.69%, Aug %) 8,000,000 Azumah Resources 167, ,578,947 Azure Minerals 64, ,289,474 Azure Minerals Warrants * ,000,000 Beadell Resources 690, ,000 Blackham Resources 315, ,000,000 Cardinal Resources 475, ,500,000 Doray Minerals 508, ,250,000 Eastern Goldfields 277, ,440,000 Focus Minerals 413, ,800 Gascoyne Resources 299, ,500,000 Intermin Resources 154, ,250,000 Intermin Resources Warrants * 15, ,333,335 Kingsrose Mining 658, ,130 Millennium Minerals 63, ,000 Perseus Mining 130, ,000 Perseus Mining Warrants * ,432,128 Ramelius Resources 556, ,000,000 Resolute Mining 987, ,000,000 Troy Resources 286, ,515,528 West African Resources 466, Total Australia 6,532, CANADA (48.15%, Aug %) 626,400 Alexco Resource 833, ,555 Americas Silver 822, ,666 Americas Silver Warrants * ,000 Argonaut Gold 395, ,500,000 Aurcana 366, ,016,416 Austral Gold 108, ,000 Avino Silver & Gold Mines 573, ,656 Brio Gold 32, ,250,000 Dynasty Gold 48, ,000 Endeavour Silver 599, ,700 Fortuna Ventures 701, ,000 Golden Minerals 222, ,000 K92 Mining 277, ,141,351 Kerr Mines 90, ,250,000 Llave Oro * ,000 Luna Gold 56, ,000,000 Maudore Minerals * ,000,000 Minaurum Gold 213, ,000,000 Minaurum Gold Warrants * 91, ,800 Premier Gold Mines 521, ,000 Primero Mining 307, ,000,000 San Gold * ,300,000 Teranga Gold 697, ,000,000 Timmins Gold 585, ,000,000 Timmins Gold Warrants * Total Canada 7,544,
10 Portfolio statement as at 28 February 2017 Holding or Bid Percentage of nominal value value total net assets as at 28 Feb 17 % UNITED KINGDOM (6.51%, Aug %) 500,000 Aureus Mining Warrants ( 0.378) * ,000 Hochschild Mining 183, ,200,000 Metals Exploration 389, ,350,000 Shanta Gold 445, Total United Kingdom 1,019, UNITED STATES (2.64%, Aug %) 705,880 ECI Exploration & Mining * 269, ,000 Golden Minerals 143, ,000 Golden Minerals Warrants ($1.21) * Total United States 413, Portfolio of investments 15,509, Net current assets 158, Net assets 15,667, * Unquoted Securities The investments of the Fund have been valued at their fair value at 12 noon on 28 February Fair value is normally the bid value of each security by reference to quoted prices from reputable sources; that is the market price. If the ACD believes that the quoted price is unreliable, or if no price exists, a valuation technique is used whereby fair value is the ACD's best estimate of a fair and reasonable value for that investment. The fair value excludes any element of accrued interest. All holdings of warrants are valued at the exercise price less the price of the underyling common shares. ECI Exploration is being priced at best estimate by the fund manager. Llave Oro is being valued at zero until further information is received from the company. Maudore Minerals and San Gold are deemed to be valueless. Portfolio transactions for the six months ended 28 February 2017 Total purchases, including transaction charges 7,581,852 Total sales proceeds, net of transaction charges 8,045,305 7
11 INTERIM FINANCIAL STATEMENTS (unaudited) For the six months ended 28 February 2017 Statement of total return 28 February February 2016 Income: Net capital gains/(losses) (3,233,559) 2,035,564 Revenue 6, Expenses (121,914) (46,509) Net expense before taxation (115,371) (46,493) Taxation (797) 0 Net expense after taxation (116,168) (46,493) Total return before distributions (3,349,727) 1,989,071 Distributions 1,502 (4,446) Change in net assets attributable to shareholders from investment activities (3,348,225) 1,984,625 Statement of change in net assets attributable to shareholders 28 February February 2016 Opening net assets attributable to shareholders * 18,488,117 5,245,366 Amounts receivable on issue of shares 8,636,021 1,629,835 Amounts payable on cancellation of shares (8,107,012) (614,776) Amounts payable on share class conversions (1,388) (451) 527,621 1,014,608 Change in net assets attributable to shareholders from investment activities (3,348,225) 1,984,625 Closing net assets attributable to shareholders 15,667,513 * 8,244,599 * These figures are not the same as the comparatives are taken from the preceding interim period and not the last final accounts. 8
12 INTERIM FINANCIAL STATEMENTS (unaudited) as at 28 February 2017 Balance sheet 28 February August 2016 Assets: Fixed Assets: Investment assets 15,509,385 19,167,993 Current Assets: Debtors 67,874 1,529,936 Cash and bank balances 348, ,589 Total assets 15,925,435 20,926,518 Liabilities: Creditors: Bank overdrafts 93,982 86,955 Other creditors 163,940 2,351,446 Total liabilities 257,922 2,438,401 Net assets attributable to shareholders 15,667,513 18,488,117 Notes to the interim financial statements Basis for preparation The interim financial statements have been prepared in compliance with FRS102 and in accordance with the Statement of Recommended Practice for UK Authorised Funds issued by The Investment Association in May The financial statements are prepared in sterling, which is the functional currency of the Fund. Monetary amounts in these financial statements are rounded to the nearest pound. The financial statements have been prepared on the historical cost convention, modified to include the revaluation of investments and certain financial instruments at fair value. Accounting policies The accounting policies applied are consistent with those of the annual financial statements for the year ended 31 August 2016 and are described in those annual financial statements. 9
13 Marlborough Fund Managers Ltd Marlborough House 59 Chorley New Road Bolton BL1 4QP Investor Support: (0808) (FREEPHONE) Dealing: (0808) (FREEPHONE) Fax: (01204) Website: Marlborough Fund Managers Ltd Registered in England No Authorised and regulated by the Financial Conduct Authority and a member of The Investment Association.
Junior Gold Annual Report For the year ended 31st August 2016
Junior Gold Annual Report For the year ended 31 st August 2016 Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate Director and Registrar Marlborough Fund Managers
More informationMFM SGWM OEIC. Interim Reports For the six month period ended 30 th November 2014 (Unaudited)
Interim Reports For the six month period ended 30 th November 2014 (Unaudited) Fund Details Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate Director and Registrar
More informationObjectives and Investment Policy. Risk and Reward Profile. invested back into the fund and reflected in the price of your units.
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationMarlborough Multi Cap Income Fund Class A Shares
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationMarlborough European Multi-Cap Fund Class A Units
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationGILTS UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2015
GILTS UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationASSET MANAGEMENT. Prospectus. for Royal London Equity Funds ICVC (the Company )
ASSET MANAGEMENT Prospectus for Royal London Equity Funds ICVC (the Company ) Royal London Unit Trust Managers Limited Authorised and regulated by the Financial Conduct Authority Valid as at 21 September
More informationMI Activus Wealth Funds - MI Activus Investment Fund
MI Activus Wealth Funds - MI Activus Investment Fund Interim Report 28 February 2017 Contents Page Directory................................................................. 1 Investment Objective and
More informationMI Activus Wealth Funds - MI Activus Investment Fund
MI Activus Wealth Funds - MI Activus Investment Fund Interim Report 28 February 2018 Contents Page Directory....................................................................................... 1 Investment
More informationGILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016
GILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationIFSL AMR OEIC. Interim Report and Unaudited Financial Statements For the six month period ended 31 st March 2017
Interim Report and Unaudited Financial Statements For the six month period ended 31 st March 2017 Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate Director and
More informationVanguard LifeStrategy Funds ICVC
Interim Report and Financial Statements For the six months ended 30 September 2017 Vanguard LifeStrategy Funds ICVC (An open-ended investment company incorporated with limited liability and registered
More informationPORTFOLIO OF INVESTMENTS 3 RD QUARTER USAA PRECIOUS METALS AND MINERALS FUND FEBRUARY 28, 2018
PORTFOLIO OF INVESTMENTS 3 RD QUARTER USAA PRECIOUS METALS AND MINERALS FUND FEBRUARY 28, 2018 (Form N-Q) 48478-0418 2018, USAA. All rights reserved. PORTFOLIO OF INVESTMENTS USAA Precious Metals And Minerals
More informationInterim Report & Financial Statements. WAY Momentum Portfolio. For the six months ended 31 August 2018 (unaudited)
Interim Report & Financial Statements WAY Momentum Portfolio For the six months ended 31 August 2018 (unaudited) contents WAY Momentum Portfolio Page Authorised Corporate Director s ( ACD ) Report* 3 Certification
More information(Authorised and regulated by the Financial Conduct Authority) (Authorised and regulated by the Financial Conduct Authority)
Equity Income UNIT TRUST FOR THE PERIOD ENDING 31 MARCH 2017 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationZurich Investment Funds ICVC. Interim Report & Accounts (unaudited) for the period ended 30 November 2017
Zurich Investment Funds ICVC Interim Report & Accounts (unaudited) for the period ended 30 November 2017 Zurich Investment Funds ICVC Contents Directory 3 Authorised Status 4 Sub-Fund Cross-Holdings 4
More informationMFM Techinvest Technology Fund
MFM Techinvest Technology Fund Annual Report and Audited Financial Statements for the year ended 30 th April 2017 Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate
More informationSchroder UK Real Estate Fund Interim Unaudited Consolidated Financial Statements
168477 Schroders SREF 2016 Interim Report Cover_168477 Schroders SREF 2016 Interim Report Cover 15/12/2016 16:22 Page 1 Schroder UK Real Estate Fund Interim Unaudited Consolidated Financial Statements
More informationFor professional investors and advisers only. Schroder UK Property Fund Interim Unaudited Consolidated Financial Statements.
For professional investors and advisers only Schroder UK Property Interim Unaudited Financial Statements 1 Schroder UK Property Interim Unaudited Financial Statements REPORT OF THE AUTHORISED CORPORATE
More informationMarlborough ETF OEIC: Marlborough ETF Commodity Fund Marlborough ETF Global Growth Fund. (For Retail Investors) Published 1 st March 2012
Marlborough ETF OEIC: Marlborough ETF Commodity Fund Marlborough ETF Global Growth Fund (For Retail Investors) Published 1 st March 2012. Customer Support 0808 145 2500 / enquiries@marlboroughfunds.com
More informationThe Virgin Bond, Gilt and UK Share Fund. Interim Report and Financial Statements For the six month period ended 31 January 2018 (unaudited)
The Virgin Bond, Gilt and UK Share Fund Interim Report and Financial Statements Contents Page Manager s report Management and professional services 1 Manager s investment report 2 Net asset value and operating
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE PERIOD ENDED 30 SEPTEMBER 2012 Manager St. James's Place Unit Trust Group Limited P.O. Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationMI Bespoke Funds ICVC
MI Bespoke Funds ICVC Interim Report 30 September 2018 MI Bespoke Funds ICVC Contents Page Directory....................................................................................... 1 Basis of Accounting..............................................................................
More informationMFM UK Primary Opportunities Fund Class A Shares
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationYour personal illustration
Your personal illustration Including Fund Specific Information and/or Key Investor Information Documents For individual investors with an adviser or intermediary This document must be read in conjunction
More informationMFM HATHAWAY FUND INTERIM REPORT AND UNAUDITED FINANCIAL STATEMENTS
MFM HATHAWAY FUND INTERIM REPORT AND UNAUDITED FINANCIAL STATEMENTS For the six month period ended 31 March 2018 Authorised Fund Manager and Registrar Marlborough Fund Managers Ltd Marlborough House 59
More informationPORTFOLIO ADVANTAGE FUNDS ICVC
UNAUDITED INTERIM REPORT AND FINANCIAL STATEMENTS THREADNEEDLE PORTFOLIO ADVANTAGE FUNDS ICVC JUNE 2016 THREADNEEDLE PORTFOLIO ADVANTAGE FUNDS ICVC COLUMBIATHREADNEEDLE.COM Contents Company Information...
More informationSupplementary Information Document (SID)
Supplementary Information Document (SID) This Supplementary Information Document (SID) provides additional useful information you should be aware of before investing with Marlborough. It should be read
More informationThreadneedle Dynamic Real Return Fund
Interim Short Report 25 November 2017 Fund Manager s Report Toby Nangle Performance of Class 2 Income shares* Over the six months to 25 November 2017, the published of the Threadneedle Dynamic Real Return
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE YEAR ENDED 31 MARCH 2014 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationCredit Suisse Growth Funds ICVC
Credit Suisse Growth Funds ICVC Important IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR FINANCIAL ADVISER. (An open-ended investment company with variable capital
More informationHIGH OCTANE UNIT TRUST
HIGH OCTANE UNIT TRUST FOR THE PERIOD ENDED 30 SEPTEMBER 2015 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationMI Barika UCITS Funds - MI Temple Relative Return Fund
MI Barika UCITS Funds - MI Temple Relative Return Fund Interim Report 28 February 2017 Contents Page Directory................................................................. 1 Investment Objective and
More informationIndex LInked GILts UnIt trust
Index Linked Gilts UNIT TRUST FOR THE YEAR ENDED 31 MARCH 2017 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationInterim Report & Financial Statements Omnis Managed Investments ICVC. For the six months ended 31 March 2017 (unaudited)
Interim Report & Financial Statements Omnis Managed Investments ICVC For the six months ended 31 March 2017 (unaudited) Omnis Managed Investments ICVC Page Directory* 3 Authorised Corporate Director s
More informationPerformance to 30th September Fund Factsheet. IFSL Sinfonia Risk Targeted Fund Range
Performance to 30th September 2017 Fund Factsheet IFSL Sinfonia Risk Targeted Fund Range IFSL Sinfonia OEIC s Performance to 30 th September 2017 Investment Commentary Market Overview Global equities achieved
More informationKey Investor Information
Key Investor Information This document provides you with the key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature
More informationProspectus. IFSL Brooks Macdonald Fund
Prospectus of the IFSL Brooks Macdonald Fund An Investment Company with Variable Capital Prepared in accordance with the Collective Investment Schemes Sourcebook Dated and valid as at 12 th December 2016
More informationMFM Techinvest Technology Fund. Short Report
MFM Techinvest Technology Fund Short Report For the period from 1st May 2011 to 31st October 2011 Fund Details MFM Techinvest Technology Fund Registered Office Marlborough House 59 Chorley New Road Bolton
More informationPROSPECTUS SINGER & FRIEDLANDER FUNDS ICVC
PROSPECTUS OF SINGER & FRIEDLANDER FUNDS ICVC (an umbrella type investment company with variable capital incorporated with limited liability in England and Wales under registered number IC 65 and authorised
More informationInterim Report & Financial Statements. FP Frontier ICVC. For the six months ended 30 November 2018 (unaudited)
Interim Report & Financial Statements FP Frontier ICVC For the six months ended 30 November 2018 (unaudited) contents FP Frontier ICVC Page Authorised Corporate Director s ( ACD ) Report* 3 Certification
More informationSchroder Managed Balanced Fund Interim Report and Accounts August 2018
Interim Report and Accounts August 2018 August 2018 Contents Fund Information 1 3 Investment objective and policy 3 Financial highlights 3 Fund information 3 Ongoing charges figure 4 Total purchases and
More informationTD Precious Metals Fund
526220 (08/17) TD Mutual Funds for the period ended This Interim Management Report of Fund Performance contains financial highlights, but does not contain either the complete interim financial report or
More information(Authorised and regulated by the Financial Conduct Authority) (Authorised and regulated by the Financial Conduct Authority)
Gilts UNIT TRUST FOR THE YEAR ENDED 31 MARCH 2017 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and regulated
More informationIFSL Structured Solutions OEIC
IFSL Structured Solutions OEIC Annual Long Report and Audited Financial Statements For the year ended 31st December 2010: n IFSL Privalto Stabiliser Protected Fund n IFSL Privalto Stabiliser Plus Protected
More informationKey Investor Information
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationWESLEYAN CASH FUND FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2016
WESLEYAN CASH FUND FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2016 Manager s Report August 2016 2 Cash Fund Manager s report CONTENTS Manager s report*... 4 General information*... 6 Portfolio of Investments*...11
More informationTHREADNEEDLE MANAGED FUNDS
INTERIM REPORT AND UNAUDITED FINANCIAL STATEMENTS THREADNEEDLE MANAGED FUNDS NOVEMBER 2017 THREADNEEDLE MANAGED FUNDS COLUMBIATHREADNEEDLE.COM Contents Introduction 2 Threadneedle Managed Equity Fund 3
More informationMI Momentum Investment Funds
MI Momentum Investment Funds Interim Report 31 December 2016 MI Momentum Investment Funds Contents Page Directory..................................................................1 Basis of Accounting.........................................................2
More informationASSET MANAGEMENT. Prospectus. for: Royal London Bond Funds ICVC (the Company )
ASSET MANAGEMENT Prospectus for: Royal London Bond Funds ICVC (the Company ) Royal London Unit Trust Managers Limited Authorised and regulated by the Financial Conduct Authority Valid as at 10 August 2018
More informationMI Activus Wealth Funds - MI Activus Investment Fund
MI Activus Wealth Funds - MI Activus Investment Fund Annual Report 31 August 2017 Contents Page Directory*...................................................................................... 1 Statement
More informationREPORT. semi-annual. May 31, 2016
May 31, 2016 semi-annual REPORT Sprott Gold Miners ETF (NYSE ARCA: SGDM) Sprott Junior Gold Miners ETF (NYSE ARCA: SGDJ) Sprott Buzz Social Media Insights ETF (NYSE ARCA: BUZ) An ALPS Advisors Solution
More informationMI Downing Diversified Global Managers. (Formally MFM SGWM Managed Fund)
(Formally MFM SGWM Managed Fund) Short Report 31 May 2016 Directory Authorised Corporate Director (ACD) & Registrar Authorised Corporate Director (ACD) & Registrar to 31 January 2016: Malbrough Fund Managers
More informationKey Investor Information
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More information2014 Semi-Annual Management Report of Fund Performance
(the Fund ) For the period ended March 31, 2014 Manager: BMO Investments Inc. (the Manager ) Portfolio manager: BMO Asset Management Inc., Toronto, Ontario (the portfolio manager ) 2014 Semi-Annual Management
More informationSchroder. Income Maximiser. Final Report and Accounts August 2017
Schroder Income Maximiser Final Report and Accounts August 2017 Contents Schroder Income Maximiser Fund Information 1...............................................3 Investment objective and policy......................................3
More informationAVIVA INVESTORS MANAGER OF MANAGER ICVC (ICVC2)
AVIVA INVESTORS MANAGER OF MANAGER ICVC (ICVC2) Prospectus Aviva Investors UK Fund Services Limited Registered in England and Wales under Registered Number IC132 Product Reference Number: 196511 This Prospectus
More informationTC PETERHOUSE Gold and Precious Metals Fund (Formerly SF Peterhouse Smaller Companies Gold Fund)
TC PETERHOUSE Gold and Precious Metals Fund (Formerly SF Peterhouse Smaller Companies Gold Fund) Annual Report and Audited Financial Statements for the year ended 31 August 2017 Authorised Corporate Director's
More informationAnnual Report & Financial Statements. WAY MA Portfolio. For the year ended 31 March 2017
76 93 Annual Report & Financial Statements 96 WAY MA Portfolio For the year ended 3 March 207 contents WAY MA Portfolio Page Authorised Corporate Director s ( ACD ) Report* 3 Certification of Financial
More informationequity income unit trust
equity income UNIT TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised and
More informationASA GOLD AND PRECIOUS METALS LIMITED
ASA GOLD AND PRECIOUS METALS LIMITED FINANCIAL STATEMENTS, SCHEDULES OF INVESTMENTS AND PER SHARE INFORMATION FOR THE THREE MONTHS ENDED FEBRUARY 28, 2017 AND FEBRUARY 29, 2016 ALPS Alternative Investment
More informationMI Somerset Capital Management Investment Funds ICVC. Prospectus
MI Somerset Capital Management Investment Funds ICVC (An investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC000713)
More informationINDEX LINKED GILTS UNIT TRUST
INDEX LINKED GILTS UNIT TRUST FOR THE YEAR ENDING 31 MARCH 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised
More informationLetter to Shareholders
Letter to Shareholders Gold and Precious Metals Limited Gold bullion and gold mining equities witnessed a strong start to fiscal 2017, with both demonstrating positive performance during the first half
More informationAnnual Report & Financial Statements. WAY Momentum Portfolio
Annual Report & Financial Statements WAY Momentum Portfolio contents WAY Momentum Portfolio Page Authorised Corporate Director s ( ACD ) Report* 3 Certification of Financial Statements by Directors of
More informationCCLA PUBLIC SECTOR INVESTMENT FUND ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS. Year ended 31 March 2018
CCLA PUBLIC SECTOR INVESTMENT FUND ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS Year ended CONTENTS Report of the Author ised Cor porate Director 03 Report of the Investment Manager* 04 Statement of
More informationAberdeen Asia Pacific Equity Enhanced Index Fund
Aberdeen Asia Pacific Equity Enhanced Index Fund Interim short report for the period ended 30 June 2016 Investment objective and policy The Fund aims to achieve long-term capital growth by investing in
More informationIFSL Tilney Bestinvest Multi Asset Portfolio
IFSL Tilney Bestinvest Multi Asset Portfolio An Investment Company with Variable Capital Prospectus Prepared in accordance with the Collective Investment Schemes Sourcebook Valid from 31 st May 2017. Authorised
More informationLegal & General Multi Manager Income Trust Interim Manager's Report for the period ended 15 July 2017 (Unaudited) Distribution Number 37
Legal & General Multi Manager Income Trust Interim Manager's Report for the period ended 15 July 2017 (Unaudited) Distribution Number 37 Contents Page Number Manager's Investment Reportempty 2 Authorised
More informationAberdeen Investment Funds ICVC
Aberdeen Investment Funds ICVC Prospectus July 2010 ECONOMIC INFORMATION This document is important. If you are in any doubt as to the meaning of any information in this document, you should consult your
More informationRBS STAKEHOLDER INVESTMENT FUND ICVC PROSPECTUS
RBS STAKEHOLDER INVESTMENT FUND ICVC AN INVESTMENT COMPANY WITH VARIABLE CAPITAL REGISTERED IN ENGLAND AND WALES UNDER REGISTERED NUMBER IC 000370, FCA PRODUCT REFERENCE ( PRN ): 415352 PROSPECTUS This
More informationInterim Report and Financial Statements for Sentinel Enterprise Portfolio
Interim Report and Financial Statements for Sentinel Enterprise Portfolio For the six months ended 31 January 2017 (Unaudited) HEAD OFFICE MARGETTS FUND MANAGEMENT LTD DEALING 1 SOVEREIGN COURT PO BOX
More informationLump Sum Investment Account. Supplementary Investor Information Document Provided by HBOS Investment Fund Managers Limited
Lump Sum Investment Account Supplementary Investor Information Document Provided by HBOS Investment Fund Managers Limited This Supplementary Investor Information Document (SIID) is designed to be read
More informationMI Somerset Capital Management Investment Funds ICVC
MI Somerset Capital Management Investment Funds ICVC (An investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC000713)
More informationHalifax Collective Investment Plan. Supplementary Investor Information Document Provided by HBOS Investment Fund Managers Limited
Halifax Collective Investment Plan Supplementary Investor Information Document Provided by HBOS Investment Fund Managers Limited This Supplementary Investor Information Document (SIID) is designed to be
More informationIMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. PROSPECTUS VT AJ BELL ICVC
V036\028\EH7018532.7 IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. PROSPECTUS OF VT AJ BELL ICVC (An open-ended investment company
More informationPension Fund February 2018
Pension Fund February 2018 Aviva Pension Pre-retirement Fixed Interest FP This factsheet provides factual information only. The information shown should not be used in isolation for making buying and selling
More informationIFSL Brunsdon OEIC. Interim Report and Unaudited Financial Statements. for the period 1st March 2017 to 31st August 2017:
IFSL Brunsdon OEIC Interim Report and Unaudited Financial Statements for the period 1st March 2017 to 31st August 2017: n IFSL Brunsdon Cautious Growth Fund n IFSL Brunsdon Adventurous Growth Fund Issue
More informationIFSL James Hambro Umbrella Fund
IFSL James Hambro Umbrella Fund Annual Report and Audited Financial Statements for the year ended 31 st March 2017 IFSL James Hambro Barnham Broom Fund IFSL James Hambro Master Fund IFSL James Hambro Penrhos
More informationShort report For the year ended 31 Dec 2016
Short report For the year ended 31 Dec 2016 Architas MA Active Intermediate Income Fund For the year ended 31 Dec 2016 Investment objective The aim of the Fund is for you to receive an above average level
More informationPROSPECTUS OLD MUTUAL SPECIALIST FUNDS
PROSPECTUS of OLD MUTUAL SPECIALIST FUNDS an Investment Company with Variable Capital Valid as at 12 April 2017 Macfarlanes LLP 20 Cursitor Street London EC4A 1LT CONTENTS Section Page SUMMARY... 1 DIRECTORY...
More informationPORTFOLIO ADVANTAGE FUNDS ICVC
AUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS THREADNEEDLE PORTFOLIO ADVANTAGE FUNDS ICVC DECEMBER 2015 THREADNEEDLE PORTFOLIO ADVANTAGE FUNDS ICVC COLUMBIATHREADNEEDLE.COM Contents Company Information*...
More informationAberdeen Investment Funds ICVC
Aberdeen Investment Funds ICVC Prospectus January 2010 ECONOMIC INFORMATION This document is important. If you are in any doubt as to the meaning of any information in this document, you should consult
More informationASA GOLD AND PRECIOUS METALS LIMITED
ASA GOLD AND PRECIOUS METALS LIMITED FINANCIAL STATEMENTS, SCHEDULES OF INVESTMENTS AND PER SHARE INFORMATION FOR THE THREE MONTHS ENDED FEBRUARY 28, 2018 AND FEBRUARY 28, 2017 ALPS Alternative Investment
More informationPREPARED IN ACCORDANCE WITH THE COLLECTIVE INVESTMENT SCHEMES SOURCEBOOK AND IS DATED AND VALID AS AT 27 FEBRUARY 2015 VCN: 1830
Prospectus of CF Woodford Investment Fund (AN OPEN-ENDED INVESTMENT COMPANY WITH VARIABLE CAPITAL INCORPORATED WITH LIMITED LIABILITY AND REGISTERED IN ENGLAND AND WALES UNDER REGISTERED NUMBER IC001010)
More informationDistribution Number 9
Distribution Number 9 Legal & General Emerging Markets Government Bond (Local Currency) Index Fund Annual Manager s Short Report for the year ended 20 April 2018 Investment Objective and Policy The objective
More informationIMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. PROSPECTUS VT AJ BELL ICVC
IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR PROFESSIONAL ADVISER. PROSPECTUS OF VT AJ BELL ICVC (An open-ended investment company registered in England
More informationAviva Pension UK Equity AP
Pension Fund February 2018 Aviva Pension UK Equity AP This factsheet provides factual information only. The information shown should not be used in isolation for making buying and selling decisions. Fund
More informationRisk Profile. Currency Risk
Legal & General Global Emerging Markets Index Fund Interim Manager s Short Report for the period ended 31 January 2018 Investment Objective and Policy The objective of the Fund is to track the capital
More informationLife Fund May Fund aim. Underlying fund key facts. Aviva fund key facts. Aviva fund risk warning. Aviva fund risk rating
Life Fund May 2018 Aviva Life Schroder UK Smaller Companies AL / MLC / PSB This factsheet provides factual information only. The information shown should not be used in isolation for making buying and
More informationAberdeen Foundation Growth Fund
Aberdeen Foundation Growth Fund Annual short report for the year ended 31 December 2015 Investment objective and policy The Fund aims to achieve long term capital growth and to produce a return that, before
More informationInterim Report & Financial Statements. FP Pictet OEIC. For the period ended 31 March 2016 (unaudited) FUND PARTNERS
Interim Report & Financial Statements FP Pictet OEIC For the period ended 31 March 2016 (unaudited) FUND PARTNERS contents Page FP Pictet OEIC Authorised Corporate Directors ( ACD ) Report* 3 Certification
More informationAberdeen Diversified Growth Fund
Aberdeen Diversified Growth Fund Annual short report for the year ended 31 October 2016 Investment objective and policy To achieve long term total return with lower volatility than equities. Note: The
More informationThe Charity Multi-Asset Fund. Interim Report and Accounts September 2017
Interim Report and Accounts September 2017 Contents The Charity Multi-Asset Fund Fund Information 1...............................................3 Investment objective and policy......................................3
More informationLegal & General Multi-Asset Target Return Fund Annual Manager s Short Report for the year ended 14 April Distribution Number 3
Legal & General Multi-Asset Target Return Fund Annual Manager s Short Report for the year ended 14 April 2018 Distribution Number 3 Investment Objective and Policy The Fund aims to provide long-term growth
More informationGrowth Trust. Manager s Half-Year Short Report 2013
Growth Trust Manager s Half-Year Short Report 2013 Manager s report Trust Review This is the half-year report of the Wesleyan Growth Trust covering the six months from 1 July to 31 December 2013. It was
More informationLife Fund December 2018
Life Fund December 2018 Aviva Life Ethical Safeguard Optimisers S1 FPL This factsheet provides factual information only. The information shown should not be used in isolation for making buying and selling
More informationMFM Techinvest Technology Fund. Interim Report For the six month period ended 31 st October 2012 (Unaudited)
MFM Techinvest Technology Fund Interim Report For the six month period ended 31 st October 2012 (Unaudited) Registered Office Marlborough House 59 Chorley New Road Bolton BL1 4QP Authorised Corporate Director
More informationFidelity American Special Situations Fund a sub-fund of Fidelity Investment Funds W Accumulation Shares (ISIN: GB00B89ST706)
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More information