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OEIC
WS Ruffer Diversified Return Fund
Managed by Ruffer LLPPart of WS Ruffer Managed Funds
Latest factsheet
Aug 2026
Fund size
£1.48bn
Yearly charge
1.13%
Manager fee
1.10%
Income yield
0.66%
Holdings
–
Launched
15 Sept 2021
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 one or a number of 12 month periods.
Ian Rees (Lead Portfolio Manager) · Jasmine Yeo (Lead Portfolio Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| YTD | +2.10% | – | – | – |
| 1Y | +5.50% | – | – | – |
| 3Y | +4.50% | – | – | – |
| 5Y | – | – | – | – |
| 10Y | – | – | – | – |
| Since launch | +2.50% | – | – | – |
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| – | -2.70% | +1.60% | +5.10% | +4.20% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | BP | 1.00% | |
| 2 | Microsoft | 0.90% | |
| 3 | Amazon | 0.90% | |
| 4 | Solventum | 0.80% | |
| 5 | Prosus | 0.80% |
Portfolio breakdown
Sector
| Other equities | 12.70% | |
| Consumer discretionary equities | 8.70% | |
| Energy equities | 4.80% | |
| Industrials equities | 4.40% | |
| Financials equities | 4.40% | |
| Commodity exposure | 2.20% |
Geography
| North America equities | 13.10% | |
| UK equities | 8.50% | |
| Europe equities | 6.80% | |
| Japan equities | 3.70% | |
| Asia ex-Japan equities | 2.90% |
Asset allocation
| Short-dated nominal bonds | 20.20% | |
| Long-dated nominal bonds | 17.40% | |
| Long-dated non-UK inflation-linked bonds | 14.00% | |
| Short-dated non-UK inflation-linked bonds | 5.00% | |
| Gold and precious metals exposure | 3.50% | |
| Cash | 2.20% | |
| Credit and derivative strategies | 0.60% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| C GBP acc | GB00BMWLQT53 | BMWLQT5 | acc | – | 1.10% | 1.13% | £1k |
| C GBP inc | GB00BMWLQS47 | BMWLQS4 | inc | – | 1.10% | 1.13% | £1k |