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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 invest in underlying assets. Any comparisons against indices are for illustrative purposes only.

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 11/08/2020
Accumulation Shares
Income Shares
230.39p
Fund Size
£132m (31/07/20)

Past performance is not a guide to future performance.

July 2020

Your Fund returned +0.7% during the month compared to a return of +0.3% for the IA Flexible Investment (TR).

Egerton Capital Equity has the longest track record of any of the funds held by Spectrum.  Launched in 1995, Egerton’s long-only fund is still going strong 25-years later.  Such longevity is unusual - the consistency of the fund’s strong performance even more so.  Over a quarter of a century, Egerton Capital Equity has steadily outperformed its global equity benchmark, delivering a compound annual return of +17%, well in excess of the +9% annualised return generated by the MSCI World Index.

An ability to adapt to a dynamically changing world underpins Egerton’s sustained success.  This is rooted in a culture that emphasises humility and self-improvement.  Egerton’s investment team constantly question their own assumptions, admit mistakes and move on if the facts change. 

Egerton’s adaptability also stems from an investment philosophy that focuses on companies that are growing stronger, steering the team towards thriving businesses and away from those in structural decline.

This philosophy has resulted in the portfolio having a higher weighting in good quality technology businesses in recent years.  However, one of the fund’s main attractions is its continued diversity and breadth, with large holdings in companies such as Charter Communications and Canadian Pacific Railway sitting alongside investments in Microsoft and Amazon.  As the valuations of top technology companies expand, Egerton’s continued capacity to find attractive opportunities across a broad range of industries should stand the fund in good stead.

Source: Lipper, Link Fund Solutions Limited

 

Total Return 29/02/2008
Since Launch
31/07/2010
10 Years
31/07/2015
5 Years
31/07/2017
3 Years
31/07/2019
1 Year
31/01/2020
6 Months
Trojan Spectrum O Acc +139.7% +98.8% +47.8% +13.7% -2.0% -1.8%
Bank of England Base Rate +10.5% +5.0% +2.4% +1.7% +0.5% +0.1%
IA Flexible Investment TR +83.2% +85.7% +30.2% +7.6% -2.6% -3.4%
UK Retail Price Index +38.5% +30.9% +13.2% +7.3% +1.1% +0.7%
Discrete Calendar Annual Returns (%) 2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Trojan Spectrum O Acc -3.0% +17.8% -3.5% +6.4% +3.5% +7.4% +5.2% +19.6% +10.4% -3.3% +16.5% -1.5%

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 31 July 2020.

Source: Lipper, Link Fund Solutions Limited

 

Risk Analysis Since Launch (29/02/2008) Trojan Spectrum O Acc IA Flexible Investment TR
Total Return +139.7% +83.2%
Max Drawdown -19.1% -33.4%
Best Month +8.4% +7.2%
Worst Month -11.5% -12.9%
Positive Months +63.1% +61.7%
Annualised Volatility +9.6% +11.3%

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 standard deviation of annual returns. 

Source: Lipper, Link Fund Solutions Limited.  

Top 10 holdings (excluding government bonds) Fund %
Egerton Capital Equity 11.8
WCM Global Equity Fund 11.0
Findlay Park American 10.6
Gold Bullion Securities 9.2
Polar Capital Global Insurance 8.3
AMP Capital Global Equity 7.1
Lindsell Train Global Equity 6.3
Evenlode Income 6.1
Samarang Asian Prosperity 4.9
CG Portfolio Real Return 3.9
Total Top 10 79.4
7 other holdings 16.3
Cash & Equivalent 4.3
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