Discovery Balanced B GBP Acc (FUND:B92M6Y2) - Overview

Fund Report

Discovery Balanced Fund B GBP Acc

Key Stats
Morningstar® CategoryGBP Moderate Allocation
Manager Name-
Inception Date24/12/2012
NAV 02/12/2016GBX 131.56
Day Change-0.74%
12 Month Yield3.30%
ISINGB00B92M6Y21
SEDOLB92M6Y2
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/201624.45 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.68%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Cat 50%Barclays StlAgg TR&50%FTSE Wld TR

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund9.3217.243.222.976.30
Category8.569.905.511.357.95
Benchmark9.039.3312.652.5716.80
  • Fund: Discovery Balanced Fund B GBP Acc
  • Category: GBP Moderate Allocation
  • Benchmark: Cat 50%Barclays StlAgg TR&50%FTSE Wld TR
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD5.547.2316.02
3 Years Annualised4.475.0310.63
5 Years Annualised7.796.8410.08
10 Years Annualised4.504.337.59

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The objective of the fund is to provide returns through a combination of capital growth and income whilst being managed so as to remain, over a market cycle, within a defined volatility range agreed from time to time between the ACD and the Investment Manager. The fund may gain exposure globally to a range of assets such as company shares, bonds, deposits, cash, property, commodities and derivatives to provide diversification. It will typically invest in these assets by using other collective investment schemes managed across several management groups but may also invest into securities directly. The Fund may also invest in money market investments, deposits, cash or near-cash investments and derivatives. Derivatives will be used only for the purpose of Efficient Portfolio Management.

Portfolio Profile31/10/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks54.480.4454.04
Bonds21.363.8917.47
Cash49.9838.7011.28
Other18.200.9917.21
Top Stock Regions
Region%
United States28.17
United Kingdom26.13
Eurozone16.38
Europe - ex Euro7.62
Japan6.99

Top Sectors

Stock Sector%
Financial Services14.53
Industrials14.34
Technology12.68
Consumer Cyclical12.50
Consumer Defensive11.36
Fixed Income Sector%
Corporate Bond42.73
Cash & Equivalents41.49
Government9.77
Asset Backed1.60
Commercial Mortgage Backed1.56
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
Blackstone/GSO Loan Financing Not Classified7.94
New since last portfolioMGTS Ardevora UK Income Instl Net Acc Not Classified7.88
KBI Instl North Amer Eq HIYNA GBP A Dis Not Classified6.72
Fundsmith Equity I Inc Not Classified6.69
FP CRUX European Special Sit I Inc GBP Not Classified6.62
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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