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Spectrum Fund

The investment objective of the Spectrum Fund is to seek to achieve capital growth over the longer term (5-7 years).

The Fund is a fund of funds and its investment policy is to invest at least 70% of the fund’s assets globally in collective investment schemes, which may be open-ended or closed-ended and/or other investment funds such as investment trusts.

In addition to the O share class referred to on this page, I Classes are also available. Please contact us for more information.

'O' Share Class Price 26/07/2021
Accumulation Shares
Income Shares
Fund Size
£142m (30/06/21)

Past performance is not a guide to future performance.

June 2021

Your Fund returned +2.9% during the month compared to a return of +1.9% for the IA Flexible Investment (TR).

We recently started a new holding in Columbus Point Global Equity.  Columbus Point was founded in 2017 and has many of the characteristics we look for.  As an employee-owned investment boutique with a singular focus on one strategy, there is a strong alignment of interest between Columbus Point and its clients.  Columbus Point has no intentions of launching new strategies and the success of the business is intrinsically linked to the performance of its one fund.

A performance-driven culture is evident in the high conviction and concentrated nature of Columbus Point Global Equity’s portfolio, which typically holds a collection of 20-30 high quality global companies that generate strong returns on invested capital and have good long-term growth prospects.  Columbus Point’s relatively small size also allows it to invest in companies across the market cap spectrum.  As a result, holdings in companies such as Microsoft and Fiserv are complemented by investments in the likes of Auto Trader and Rightmove.

This multi-cap approach has served Rob Cope, Columbus Point’s founder, well over the years.  Whilst Columbus Point was only established in 2017, Rob is an experienced investor with an impressive track record from his days at Cantillon Capital.  He has also built a strong team of people around him, who are humble but also ambitious to make Columbus Point a success.  We believe these foundations give Columbus Point every chance of delivering compelling compound returns over time.


Source: Lipper, Link Fund Solutions Limited


Total Return 29/02/2008
Since Launch
10 Years
5 Years
3 Years
1 Year
6 Months
Spectrum O Acc +178.4% +108.0% +56.9% +27.1% +17.0% +8.1%
Bank of England Base Rate +10.6% +4.7% +2.1% +1.4% +0.1% 0.0%
IA Flexible Investment TR +118.6% +95.2% +53.2% +23.4% +19.6% +7.4%
UK Retail Price Index +42.8% +28.4% +14.7% +7.2% +3.1% +2.2%
Discrete Calendar Annual Returns (%) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Spectrum O Acc -3.0% +19.2% +17.8% -3.5% +6.4% +3.5% +7.4% +5.2% +19.6% +10.4% -3.3% +16.5% +5.8% +8.1%

Performance is calculated on a total return basis, net of fees, in sterling terms.

Source: Lipper, Link Fund Solutions Limited. Since Launch (29/02/2008) to 30 April 2021.

Source: Lipper, Link Fund Solutions Limited


Risk Analysis Since Launch (29/02/2008) Spectrum O Acc IA Flexible Investment TR
Total Return +178.4% +118.6%
Max Drawdown -19.1% -33.4%
Best Month +8.4% +7.4%
Worst Month -11.5% -12.9%
Positive Months +63.1% +61.9%
Annualised Volatility +9.6% +11.1%

Performance is calculated on a total return basis, net of fees, in sterling terms.

Maximum Drawdown measures the worst investment period

Annualised Volatility is measured by the annualised standard deviation of the monthly returns 

Source: Lipper, Link Fund Solutions Limited.  

Top 10 holdings (excluding government bonds) Fund %
Egerton Capital Equity 13.5
Findlay Park American 10.2
WCM Global Equity Fund 9.3
Polar Capital Global Insurance 9.1
Columbus Global Mutual Fund 7.0
AMP Capital Global Equity 6.7
Berkshire Hathaway 6.4
Samarang Asian Prosperity 6.2
Pershing Square Holdings 5.5
Aurora Investment Trust 4.6
Total Top 10 78.5
9 other holdings 21.1
Cash & Equivalent 0.4
TOTAL 100.0


Past performance is not necessarily a guide to future performance. The value of a fund and any income from it may go down as well as up and investors may get back less than they invested. Changes in rates of exchange may cause the value of investments to go up or down. Returns may increase or decrease as a result of currency fluctuations​. This data is provided for information only and should not be reproduced, published or disseminated in any manner. Although Troy considers the data to be reliable, no warranty is given as to its accuracy or completeness. Any comparisons against indices are for illustrative purposes only.

How to Invest

You may invest directly, via a broker or adviser, or through a number of online fund platforms.

How to Invest

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