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OEIC
WS Ruffer Total Return Fund
Managed by Ruffer LLPPart of WS Ruffer Investment Funds
Latest factsheet
Aug 2026
Fund size
£1.37bn
Yearly charge
1.23%
Manager fee
1.20%
Income yield
1.78%
Holdings
–
Launched
27 Sept 2000
To achieve positive returns in all market conditions over any 12 month period, after all costs and charges have been taken. Underlying this objective is a fundamental philosophy of capital preservation. Capital invested is at risk and there is no guarantee that a positive return will be delivered over any 12 month period.
Matt Smith (Lead Portfolio Manager) · Alexander Chartres (Lead Portfolio Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| YTD | +2.20% | – | – | – |
| 1Y | +5.40% | – | – | – |
| 3Y | +4.20% | – | – | – |
| 5Y | +2.00% | – | – | – |
| 10Y | +3.30% | – | – | – |
| Since launch | +7.20% | – | – | – |
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +0.50% | -2.20% | +0.40% | +5.10% | +4.20% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | BP ADR | 1.30% | |
| 2 | Microsoft | 0.80% | |
| 3 | LVMH | 0.70% | |
| 4 | Siemens Healthineers | 0.70% | |
| 5 | Bayer | 0.70% |
Portfolio breakdown
Sector
| Other equities | 12.20% | |
| Consumer discretionary equities | 7.10% | |
| Industrials equities | 5.80% | |
| Financials equities | 4.40% | |
| Energy equities | 3.90% | |
| Commodity exposure | 2.20% |
Geography
| UK equities | 11.30% | |
| North America equities | 9.60% | |
| Europe equities | 6.30% | |
| Asia ex-Japan equities | 3.20% | |
| Japan equities | 2.90% |
Asset allocation
| Short-dated nominal bonds | 19.70% | |
| Long-dated nominal bonds | 18.20% | |
| Long-dated non-UK inflation-linked bonds | 14.60% | |
| Short-dated non-UK inflation-linked bonds | 5.00% | |
| Gold and precious metals exposure | 4.10% | |
| Cash | 2.50% | |
| Credit and derivative strategies | 0.60% | |
| Protection | – |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| C GBP acc | GB00B80L7V87 | B80L7V8 | acc | – | 1.20% | 1.23% | £1k |
| C GBP inc | GB00B58BQH88 | B58BQH8 | inc | – | 1.20% | 1.23% | £1k |