The new ‘I’ share class will be accessible from 1 May, and it will have an annual management charge of 0.75%.
In addition to abolishing the performance charge, the firm is changing the management charge on the “N” non-trail retail share class to 1% from 1.25%.
The fund, launched in November 2006, is managed by James Sullivan and Martin Gray. As of the end of March it had £12.5m under management. Full details of current holdings and cumulative performance can be found in the latest factsheet.
The fund’s performance has fluctuated over the past year, and it underperformed its sector for the six months from September to mid-March. In the past few weeks, however, it has outperformed, as shown in the graph.
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It invests across a range of asset classes, including hedge funds, cash and transferable securities.
