TM Hearthstone UK Residential Feede
Latest (Mid) Price:
GBX 103.80
Day Change:
0.00%
| Shares Class | Inc. |
|---|---|
| Yield | 0.00 |
| Total Expense Ratio | 2.05 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 356,442.70 | Launch Date | 24/07/2012 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | No | Annual Management Charge (%) | 0.85 |
| Sector | IMA UK Equity Income | Min Investment (£) | 2,500,000.00 | Total Expense Ratio (%) | 2.05 |
| ISIN | GB00B7FMG454 | Min Topup (£) | 2,500,000.00 |
Fund Objective
The Fund invests in private rented sector housing across the UK and aims to outperform the capital benchmark, LSL Acadametrics House Price Index, plus providing an additional income return. The property investment manager, Hearthstone Asset Management, uses quantitative asset allocation methods and qualitative regional stock selection to build a portfolio of assets reflecting the distribution of UK housing stock. These properties are let under assured shorthold tenancy agreements and corporate lets. Investment returns comprise capital growth and rental income.
Fund Managers
David Gibbins
David was previously a fund manager at Morley Fund Management (now AVIVA Investors) and Goodman Property Investors. David has specialised in UK residential property for more than 20 years, and has previously been responsible for residential portfolios of approx. £135m.
Asset Breakdown
Region Breakdown
| Name | Weight |
|---|---|
| Eastern UK | 1.63% |
| London | 38.23% |
| Midlands | 10.99% |
| North West UK | 3.64% |
| Northern UK | 0.76% |
| Scotland | 5.88% |
| South East UK | 23.07% |
| South West UK | 10.79% |
| Wales | 0.87% |
| Yorkshire & Humberside | 4.14% |
Sector Breakdown
Top 10 Holdings
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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