The Fund has a concentrated portfolio of below 80 stocks, though typically this would be around 30-60 stocks. The Fund aims to achieve the investment objective by investing at least 80% of the value of its property in shares listed on UK securities markets in companies that are incorporated or domiciled in the UK. These companies may or may not be headquartered in the UK and may or may not have a significant part of their business activities in the UK. The Fund will typically have a core of mid cap holdings, some large cap names and a few carefully selected small caps including AIM. A maximum of 30% can be invested in smaller companies including AIM. There is no upper cap on individuals holdings sizes.
The Fund manager is not restricted in his selection of investments for the Fund by any geographic or industry specialisation.
The Fund has the flexibility to be up to 20% non-UK invested. This offers the manager the freedom to pursue specific investment themes and opportunities which are not available in the UK.
The Fund offers an income share class for those investors requiring a level of income although this is not a principle objective for the Fund.