Investment Objective
The Income Fund aims to generate an annual income of 4.5% above the Bank of England Base Rate (before tax payable by the Fund) regardless of market conditions. In addition the Fund aims to preserve capital through aiming to control volatility to be less than half the volatility of the equity markets (as measured by the MSCI World Total Return Index hedged to GBP) over rolling three year periods.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.4 | 0.8 | 0.0 | 0.3 | 0.9 | 0.7 | 0.9 | 0.8 | 0.1 | 0.1 | 0.9 | 0.4 | 0.4 | |
| 2022 | 0.2 | 1.0 | 0.6 | 0.4 | 0.5 | 0.0 | 0.8 | 0.5 | 0.5 | 0.7 | 1.0 | 0.8 | 0.4 |
