Omnis Income and Growth Fund

Investment Objective

The Fund aims to achieve a return consisting of both income and capital growth which exceeds that of the FTSE All-Share Index TR Index, after all fees and expenses, over a five-year rolling period.

Ben Whitmore believes that a major factor in whether an investment turns out to be successful is whether or not the price paid to own the shares is high or low relative to long-term history. This philosophy is generally known as ‘value investing’ and relies on the lower shares coming back into favour as either their profits move closer to the industry average or the fears that are worrying the stock market about the business prove to be unfounded or not as severe as first thought.

Clearly, not all lowly valued shares will make good investments, so his team are constantly weighing up the price they pay for a share against their view of the quality of the company’s business. They assess the quality of the business in terms of the strength of its market position in comparison to its competitors, any recent or potential changes in its industry and the company’s ability to turn profits into cash – especially when that cash can be paid out to investors as income (in the form of dividends).

His team sees the search for value as opportunistic, meaning they do not always focus on just a few specific industries, although they do tend to focus on the large and medium-sized companies listed in the UK.

Key Fund Facts

A mix of attractive investment opportunities

A portfolio built around income generation and exciting early-stage businesses.

Making the right decisions when conditions are difficult

Investing only when there is a compelling long-term reason to do so.

A long-term focus

Cutting through short-term pressures and focussing all efforts on providing an absolute long-term return for investors.

Investment Policy

The Fund aims to invest at least 70% in UK listed securities including companies which are listed but not incorporated in the UK.

The Fund may invest in transferable securities, unlisted securities, money market instruments, warrants, units in collective investment schemes (including exchange traded funds and other schemes managed by the ACD or its associates), cash, near cash and deposits as detailed in the Prospectus.

The Fund may make use of derivatives for the purposes of efficient portfolio management.