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Investec Target Return I Acc GBP

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Investec Fund Managers Ltd
Fund Summary The Fund aims to produce a positive return above overnight GBP LIBOR over rolling 3 year periods regardless of market conditions by investing primarily in interest bearing assets and related derivatives. The Fund targets a return of overnight GBP LIBOR +2.5% (gross of fees) per annum over rolling 3 year periods. While the Fund aims to achieve a positive return and its performance target, there is no guarantee either it will be achieved over rolling 3 year periods or over any period of time. There is no guarantee that all capital invested in the Fund will be returned.
SEDOL code B0FNM41
ISIN GB00B0FNM414
Fund code ICTRA
Managers Russell Silberston, Imran Ahmad
Manager Tenure 3 years
Morningstar Category Alt - Long/Short Credit
IMA Sector Targeted Absolute Return
Fund Size £110 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.75%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.0376
Buy Price £1.0376
Price Change +0.0193%
Price Date 21st October 2019
Yield 1.83%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 12th November 2012
Fund Status OPEN
Russell is head of Multi-Asset Absolute Return. He is responsible for the investment decisions within Investec Asset Management’s Absolute Return offering as well as the major market interest rate and currency positioning within a wide range of multi-strategy fixed income portfolios. He is also a portfolio manager for our Target Return Strategy. Before turning to portfolio management in 1998, Russell worked for Investec Bank. Russell started his City career in 1982 at merchant bankers, Samuel Montagu & Co.

3-year Mean Monthly Return: -0.134%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +0.91% -5.46% -0.17% +0.73% -0.88% +0.89% -0.11% +1.89% -4.25% +0.44%
Benchmark Performance
(Alt - Long/Short Credit)
Time Period Cumulative Benchmark Performance
(Alt - Long/Short Credit)
Fund Compared to Benchmark
1 day 0.02% Currently unavailable Currently unavailable
1 week -0.04% Currently unavailable Currently unavailable
1 month -0.17% Currently unavailable Currently unavailable
3 months 0.25% Currently unavailable Currently unavailable
6 months 1.86% Currently unavailable Currently unavailable
1 year 1.20% Currently unavailable Currently unavailable
3 years -1.59% Currently unavailable Currently unavailable
5 years -1.01% Currently unavailable Currently unavailable
10 years -0.70% Currently unavailable Currently unavailable
YTD 2.42% Currently unavailable Currently unavailable
Since inception 0.42% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United States Treasury Bills USA 5.89%
United States Treasury Bills USA 5.89%
United States Treasury Bills USA 5.89%
United States Treasury Bills USA 5.89%
United States Treasury Bills USA 5.89%
JLN IRS 1.7525 31JUL24 VS NOK6M_Receive 5.50%
United Kingdom of Great Britain and Northern Ireland GBR 3.63%
United Kingdom of Great Britain and Northern Ireland GBR 1.81%
Citibank, N.A. 3.4% USA 1.05%
Wells Fargo Bank, National Association 3.62% USA 1.03%
Dividend Date Per share amount Reinvestment Price
2nd September 2019 0.0062 £1.0406
3rd June 2019 0.0067 £1.0203
1st March 2019 0.0040 £1.0235
3rd December 2018 0.0015 £1.0132
3rd September 2018 0.0031 £1.0317
1st June 2018 0.0034 £1.0388