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WS Ruffer Charity Trust
Managed by Ruffer LLPPart of WS Ruffer Caif
Latest factsheet
Aug 2026
Fund size
£513.2m
Yearly charge
1.13%
Manager fee
1.00%
Income yield
2.74%
Holdings
–
Launched
8 Mar 2012
The fund will follow an ‘absolute return’ investment strategy. This means the Manager will not endeavour to track or ‘outperform’ a specific benchmark or stock market index, but instead seek to generate consistent positive returns regardless of the prevailing market conditions. The Manager expresses its absolute return approach through two principal investment objectives for the fund: 1) preservation of capital, which the Manager defines as not losing money on a rolling 12 month basis and 2) delivering consistent positive returns (through a combination of capital and income) greater than the return on cash (as defined by the Bank of England Bank Rate).
Jasmine Yeo (Lead Portfolio Manager) · Ian Rees (Lead Portfolio Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +1.00% | – | – | – |
| YTD | +1.20% | – | – | – |
| 1Y | +4.90% | – | – | – |
| 3Y | +4.30% | – | – | – |
| 5Y | +2.80% | – | – | – |
| 10Y | +3.90% | – | – | – |
| Since launch | +4.50% | – | – | – |
Calendar-year performance
| 2022 | 2022 | 2023 | 2023 | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| – | +4.00% | -1.80% | – | 0.00% | – | +6.10% | – | +3.00% | – |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | BP | 1.40% | |
| 2 | Prosus | 0.90% | |
| 3 | Amazon | 0.80% | |
| 4 | Microsoft | 0.70% | |
| 5 | RS Group | 0.70% |
Portfolio breakdown
Sector
| Other equities | 11.90% | |
| Consumer discretionary equities | 7.50% | |
| Financials equities | 4.40% | |
| Industrials equities | 4.40% | |
| Energy equities | 4.30% |
Geography
| UK equities | 10.50% | |
| North America equities | 8.90% | |
| Europe equities | 6.70% | |
| Japan equities | 3.00% | |
| Asia ex-Japan equities | 2.90% | |
| Other equities | 0.30% |
Asset allocation
| Long-dated nominal bonds | 17.00% | |
| Short-dated nominal bonds | 14.00% | |
| Long-dated non-UK inflation-linked bonds | 13.90% | |
| Credit and derivative strategies | 9.20% | |
| Short-dated non-UK inflation-linked bonds | 5.00% | |
| Protection | 3.90% | |
| Gold and precious metals exposure | 3.50% | |
| Cash | 2.70% | |
| Commodity exposure | 2.30% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| C GBP acc | GB00B740TC99 | B740TC9 | acc | – | 1.00% | 1.13% | £500 |
| C GBP inc | GB00B7F77M57 | B7F77M5 | inc | – | 1.00% | 1.13% | £500 |