Fund management & charges

Lifestyle equity fund

The equity fund provides access to the UK and overseas equity markets via index funds and aims to capture global equity market returns, as represented by the FTSE All-Share index in the UK and the FTSE World (ex-UK) index overseas. The equity allocation is in line with the proportion of the global market that each region represents. To reduce the impact on the fund’s return of possible currency fluctuations, approximately 50% of the fund’s overseas investment is currency hedged

0.084% a year
or £0.84 per £1,000 invested

Lifestyle & Freestyle bond funds

The bond funds aim to provide a broadly based exposure to long-dated gilts, index-linked gilts and corporate bonds with the gilt funds tracking the FTSE-A Government (over 15 year) and the index-linked (over 5 year) indices respectively. The funds invest 50% in over 5 year index-linked gilts, 25% in over 15 year gilts, and 25% in AAA fixed interest over 15 year bonds
0.084% a year
or £0.84 per £1,000 invested

Lifestyle & Freestyle cash funds

The cash funds deliver competitive rates of return from cash deposits and other short-term investments. They track the LIBID 7-day notice rate
0.084% a year
or £0.84 per £1,000 invested

Freestyle UK equity tracker fund

The UK equity tracker fund aims to capture the total return of the FTSE All-Share index to within + / – 0.25% a year for 2 years in 3.
0.084% a year
or £0.84 per £1,000 invested

Freestyle global equity tracker fund

The global equity tracker fund provides access to overseas equity markets via index funds. It aims to capture the total return of the FTSE World (ex-UK) index (less withholding tax) to within + / – 0.5% a year for 2 years in 3
0.084% a year
or £0.84 per £1,000 invested

Freestyle property fund

The property fund invests in commercial property in the UK. It aims to outperform the CAPS Pooled median index over rolling 3 and 5 year periods
0.70% a year
or £7.00 per £1,000 invested
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