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OEIC
WS Ruffer Absolute Return Fund
Managed by Ruffer LLPPart of Asperior Investment Funds
Latest factsheet
Aug 2026
Fund size
£1.81bn
Yearly charge
1.22%
Manager fee
1.20%
Income yield
1.81%
Holdings
–
Launched
31 Jan 2006
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 | +5.60% | – | – | – |
| 3Y | +4.00% | – | – | – |
| 5Y | +2.20% | – | – | – |
| 10Y | +3.30% | – | – | – |
| Since launch | +5.40% | – | – | – |
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +1.70% | -1.50% | +0.90% | +3.70% | +4.30% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | BP | 1.40% | |
| 2 | Microsoft | 1.00% | |
| 3 | Amazon | 0.70% | |
| 4 | Prosus | 0.60% | |
| 5 | LVMH | 0.60% |
Portfolio breakdown
Sector
| Other equities | 11.80% | |
| Consumer discretionary equities | 7.90% | |
| Industrials equities | 5.50% | |
| Financials equities | 4.20% | |
| Energy equities | 4.10% | |
| Commodity exposure | 2.20% |
Geography
| UK equities | 10.80% | |
| North America equities | 10.80% | |
| Europe equities | 6.00% | |
| Asia ex-Japan equities | 3.00% | |
| Japan equities | 3.00% |
Asset allocation
| Short-dated nominal bonds | 19.00% | |
| Long-dated nominal bonds | 17.70% | |
| Long-dated non-UK inflation-linked bonds | 14.50% | |
| Short-dated non-UK inflation-linked bonds | 4.90% | |
| Gold and precious metals exposure | 4.00% | |
| Cash | 3.50% | |
| Credit and derivative strategies | 0.60% | |
| Protection | – |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| C GBP acc | GB00B0XP2X86 | B0XP2X8 | acc | – | 1.20% | 1.22% | £1.0m |
| C GBP inc | GB00B0XP1T75 | B0XP1T7 | inc | – | 1.20% | 1.22% | £1.0m |