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WS Ruffer Charity Trust
Managed by Ruffer LLPPart of WS Ruffer Caif
Latest factsheet
May 2024
Fund size
£609.5m
Yearly charge
1.15%
Manager fee
1.00%
Income yield
2.78%
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 (Fund Manager) · Ian Rees (Fund Manager) · Jos North (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| YTD | -0.30% | – | – | – |
| 1Y | -1.00% | – | – | – |
| 3Y | -0.20% | – | – | – |
| 5Y | +5.50% | – | – | – |
| 10Y | +4.30% | – | – | – |
| Since launch | +4.40% | – | – | – |
Calendar-year performance
| 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| +4.50% | +21.80% | +8.00% | +1.00% | -7.30% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | BP | 2.10% | |
| 2 | Prudential | 1.20% | |
| 3 | Cigna | 1.00% | |
| 4 | Amazon | 1.00% | |
| 5 | Citigroup | 1.00% |
Portfolio breakdown
Sector
| Short-dated bonds | 31.00% | |
| Credit and derivative strategies | 12.90% | |
| Non-UK index-linked | 11.70% | |
| Gold and precious metals exposure | 9.50% | |
| Cash | 7.00% | |
| Other | 6.30% | |
| Long-dated index-linked gilts | 4.90% | |
| Commodity exposure | 0.60% |
Geography
| UK equities | 9.20% | |
| Europe equities | 5.60% | |
| North America equities | 5.10% | |
| Asia ex-Japan equities | 2.50% |
Asset allocation
| Sterling | 76.40% | |
| Yen | 14.30% | |
| Euro | 1.90% | |
| Hong Kong dollar | 1.10% |
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 |