Suggestions for core-holding funds?

bowlhead99

aubergine99 wrote: »

RomfordNavy: There are some Lindsell Train funds available on iWeb.

Yes, but the one that isn't is their 'global equity' which is the only one that would really be considered as a core holding.

The reason for the LT global fund being better for a core holding than the LT investment vehicles carried by IWeb carry is that its global remit causes it to hold investments listed in multiple countries (unlike their UK Equity fund which is focused in just that one country) and it isn't massively concentrated in a single company (unlike their investment trust which has half its value invested in the LT investment company itself) .

RomfordNavy

So if the core ISA is split between the following funds, does that sound reasonable?

• Troy Trojan (Class X) Class X - Accumulation

• CG Absolute Return

• Capital Gearing Trust (CGT)

• MI Hawksmoor Distribution B Inc (Income)

Although I would need to find a different Broker other than iWeb for the Troy Trojan and CG Absolute funds, any suggestions?

The only reason that I haven't included Personal Assets Trust (PNL) in this list is that I already hold some of that outside the ISA.

ColdIron

iWeb appear to have Troy Trojan (Class X)

Aminatidi

RomfordNavy wrote: »

So if the core ISA is split between the following funds, does that sound reasonable?

• Troy Trojan (Class X) Class X - Accumulation

• CG Absolute Return

• Capital Gearing Trust (CGT)

• MI Hawksmoor Distribution B Inc (Income)

Although I would need to find a different Broker other than iWeb for the Troy Trojan and CG Absolute funds, any suggestions?

The only reason that I haven't included Personal Assets Trust (PNL) in this list is that I already hold some of that outside the ISA.

You're duplicating holding both CGT and CG Absolute return just as Trojan and PNL are pretty much the same thing but in OEIC and IT form.

RomfordNavy

ColdIron wrote: »

iWeb appear to have Troy Trojan (Class X)

All very confusing.

Search for 'Troy' in their funds search box and the only Troy fund listed is: Troy Income & Growth Trust (TIGT).

However go into their 'deal now' screen and Troy Asset Management is listed. That then lists the following funds available:
CGSTAA - CAPITA TROJAN X ACC
CGHTE - CAPITA TROJAN X DIS
TRSPOI - SPECTRUM FUND O INC NAV
TRCAOA - TROJAN GLOBAL EQUITY O ACC
TRIIA - TROJAN INCOME I ACC NAV
TRIACC - TROJAN INCOME O ACC NAV
TRIINC - TROJAN INCOME O INC NAV
CGFRE - TROJAN INCOME X GBP ACC
Q5ASB - TROJAN O ACC NAV
Q5AST - TROJAN O INC NAV
TRSPOA - TROY SPECTRUM O ACC

Any idea what all these different classes are?

Edit:
What is the difference between 'Capita Trojan' and 'Trojan Income'?
What is the Class X fund, class X isn't mentioned on the Troy Asset Management website?

Edit2:
Many of these are listed as having an Initial Charge of 5.00% is that actually charged?

ColdIron

Troy do lots of funds and the spectrum/income/global ones are some of the ones you don't want. Troy Income & Growth Trust (TIGT) is an investment trust and you don't want that either

The O X, I indicators signify different charging structures of the same fund but generally each platform will only offer one of them for purchase so don't get too hung up about this

You would seem to be interested in the Troy Trojan X Acc. The various identifiers for this are:

• ISIN GB00BZ6CNS31
• SEDOL BZ6CNS3
• Citi OAFT
• Mex CGSTAA

Go to the Funds Centre and select View all funds. In the Fund provider drop down select Troy Asset Management Limited. You will see a list of Troy funds, the one you want is the Troy Trojan X Acc at the top. Click it and press deal now. Helpfully iWeb now choose to call it CAPITAL TROJAN X ACC

iWeb can be [STRIKE]a bit[/STRIKE] very inconsistent in their naming of funds and especially their usage of ISIN, SEDOL etc codes which thet seem happy to interchange at the drop of a hat. But hey, it's cheap, if you want hand holding HL is better but at a cost

Without wishing to muddy the waters, if you go to the 'All Units' tab of the link below you will see chapter and verse of the classes and their ISIN and SEDOL codes
https://www.trustnet.com/factsheets/o/om98/trojan-o-acc

Respectfully, you seem to have jumped in at the deep end and are constructing a bespoke portfolio but are making heavy weather of it. In the nicest possible way could I suggest that you seek advice or look at one of the ready made multi-asset funds where all of this is managed for you by professional managers. It could save you an expensive mistake and surely save you a lot of agg

ColdIron

RomfordNavy wrote: »

Edit:
What is the difference between 'Capita Trojan' and 'Trojan Income'?
What is the Class X fund, class X isn't mentioned on the Troy Asset Management website?

As I say this is an example of iWeb's inconsistent naming of funds. In this particular case they are actually different funds, the Trojan that you want and a quite separate income fund that you don't. A better question would have been: What is the difference between CAPITA TROJAN X ACC and TROJAN O ACC NAV which are actually the same fund but with different OCFs, remember the O X, I indicators I mentioned above?

Edit2:
Many of these are listed as having an Initial Charge of 5.00% is that actually charged?

No. I haven't checked but some of these might be old legacy classes that imposed an initial charge. More likely they could be out of date documents that still refer to it. iWeb are known not to offer funds with an initial charge and is one of the reasons for their restricted range

thelawnet

Fwiw I used to have lots of different funds all recommended ones. Some turned out to be rubbish, in retrospect. Others were good.

Couldn't be bothered any more , so just dumped it in Vanguard global tracker

Probably you could do better, pay an IFA and get better results, but it seemed a reasonable way to go rather than having to then worry if the IFa is good or a ripoff or whatever else.

RomfordNavy

Ok so correct Troy fund now identified, thanks to @ColdIron:

• Troy Trojan (Class X) Class X - Accumulation, CGSTAA, GB00BZ6CNS31, price: £1.02 Manager: Charlotte Yonge Initial charge: 5.00%, OCF: 0.87%

Capital Gearing Trust is a bit easier because it is an IT:

• Capital Gearing Trust (CGT), CGT, GB0001738615, price £4170, OCF: 1.10%

However MI Hawksmoor Distribution (Income) is a bit more difficult as there are two:

• MI Hawksmoor Distribution B Inc (Income), DDDC34, GB00B7CPT937, price: £1.364184, manager: Daniel Lockyer, Initial charge: 0%, OCF: 1.70%
• MI Hawksmoor Dist C (Income), PZAAAM, GB00BJ4GVM54, price: £1.21, manager: Daniel Lockyer, Initial charge: 0%, OCF: 1.45%

Common sense suggests I should go for the Class C type as it has a lower OCF ubless there is someother difference that I am not aware of.

Aminatidi

C is the one I hold. The OCF looks high because it's a fund of funds.

My personal view which may not be shared by everyone is that funds quote returns net of fees and so long as a fund is doing what you intend it to do they are not the be-all and end-all that some make them to be.