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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 04/06/2020
Accumulation Shares
Income Shares
224.04p
Fund Size
£123M (30/04/20)

Past performance is not a guide to future performance.

April 2020

Your Fund returned +7.0% during the month compared to a return of +7.4% for the IA Flexible Investment (TR).

Following a steep market decline in March, April saw a strong rebound.  The speed of both the initial fall and the subsequent recovery has been dramatic.  For example, shares in Polar Capital Technology Trust have risen +44% since we established a holding (~1%) in March.  The Trust’s strong performance partly relates to the fact that its shares traded at a 15% discount to net asset value at the time of purchase and now trade at a small premium.  However, it also reflects confidence in the financial strength of the companies Polar Capital own, as well as a belief that the pandemic will accelerate many of the technological tailwinds that existed beforehand.

Despite the strong recovery in markets, it is impossible to predict how equities will react over the coming months.  The damage caused by the virus is severe and the range of economic possibilities remains extremely wide.  This is likely to remain the case until the world finds a medical solution.  Rather than trying to predict the short-term gyrations of stock markets, we prefer to focus on owning good-quality funds, managed by outstanding people, which we can hold for the long-term.  We also retain enough dry powder to benefit from any further volatility by adding to investments like Polar Capital Technology at more attractive prices.

 

Source: Lipper, Link Fund Solutions Limited

 

Total Return 29/02/2008
Since Launch
31/05/2010
10 Years
31/05/2015
5 Years
31/05/2017
3 Years
31/05/2019
1 Year
30/11/2019
6 Months
Trojan Spectrum O Acc +135.2% +92.6% +41.5% +12.3% +2.9% -2.2%
Bank of England Base Rate +10.4% +5.1% +2.5% +1.7% +0.6% +0.2%
IA Flexible Investment TR +79.2% +82.3% +22.8% +5.8% +1.1% -4.3%
UK Retail Price Index +38.4% +30.9% +13.2% +7.7% +1.2% +0.5%
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% -3.4%

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 May 2020.

Source: Lipper, Link Fund Solutions Limited

 

Risk Analysis Since Launch (29/02/2008) Trojan Spectrum O Acc IA Flexible Investment TR
Total Return +135.2% +79.2%
Max Drawdown -19.1% -33.4%
Best Month +8.4% +7.3%
Worst Month -11.5% -12.9%
Positive Months +62.6% +61.2%
Annualised Volatility +9.7% +11.4%

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 %
Findlay Park American 10.6
Egerton Capital Equity 10.1
WCM Global Equity Fund 9.6
Gold Bullion Securities 8.7
Polar Capital Global Insurance 8.3
Lindsell Train Global Equity 6.5
Evenlode Income 6.4
AMP Capital Global Equity 4.8
Samarang Asian Prosperity 4.6
CG Portfolio Real Return 4.0
Total Top 10 73.8
9 other holdings 24.0
Cash & equivalents 2.2
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

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