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Mixed Investment 20%-60% Shares
Discovery Cautious
Managed by Hawksmoor Investment ManagementPart of The Discovery Fund
Latest factsheet
Jul 2026
Fund size
£47.3m
Yearly charge
0.99%
Manager fee
–
Income yield
3.07%
Holdings
26
Launched
1 Apr 2019
The objective of the Fund is to provide returns through a combination of capital growth and income over a market cycle (5 years). The fund will primarily gain exposure indirectly via eligible collective investment schemes and other collective investment vehicles (for example, investment companies, exchange traded funds) and may also invest directly in eligible assets (excluding property and commodities). Derivatives will be used only for the purpose of Efficient Portfolio Management.
James Kempster (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 3M | +3.28% | +2.74% | +2.74% | – |
| 6M | +4.55% | +3.59% | +3.59% | – |
| 1Y | +11.36% | +9.92% | +9.92% | – |
| 3Y | +27.61% | +27.80% | +27.80% | – |
| 5Y | +19.69% | +21.14% | +21.14% | – |
| Since launch | +33.31% | +40.05% | +40.05% | – |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | HSBC FTSE 100 Index | 9.27% | |
| 2 | HSBC American Index | 6.91% | |
| 3 | M&G Global Dividend Fund | 6.09% | |
| 4 | Royal London Corporate Bond | 5.97% | |
| 5 | Legal & General All Stocks Gilt Index | 5.35% | |
| 6 | HSBC European Index | 5.20% | |
| 7 | iShares Overseas Corporate Bond Index | 4.93% | |
| 8 | Fidelity Emerging Markets | 4.78% | |
| 9 | AI Multi-Strategy Target Return | 3.99% | |
| 10 | Schroder Recovery Fund | 3.24% |
Portfolio breakdown
Asset allocation
| International Equities | 31.41% | |
| Fixed Interest | 30.58% | |
| UK Equities | 22.40% | |
| Alternatives | 5.97% | |
| Cash | 3.64% | |
| Multi-Asset | 3.02% | |
| Property & Infrastructure | 2.98% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| C Acc | GB00BYYB5341 | – | acc | – | – | 0.99% | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 20 Aug 2026 |
| Apr 2026 | View original factsheet ↗ | 2 Aug 2026 |