Absolute UK Dynamic Fund

Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

Fund overview

Fund aim

The fund aims to achieve absolute returns through targeted investment strategies independent of UK market conditions or indices.

Fund overview and performance target

Fund managers, Paul Marriage and John Warren, aim to deliver a positive return from both rising and falling equity prices, with less volatility than the stock market. The fund has a bias towards medium and small cap stocks, targeting a return of +10% per annum (net of fees) over the medium term. There is no guarantee that either this target or positive returns will be achieved.

Fund facts
Manager(s) start date	7th September 2009
Launch date	7th September 2009
Sector	IMA Absolute Return
Fund type	UK OEIC sub-fund
Base currency	Sterling
Type of share	Accumulation
Share classes	P1 Acc P2 Acc P1 Euro Hedged P2 Euro Hedged

Fund codes
Sedol	P1: B3N74T5 P2 B3N5347	P1 Euro Hedged: B6939N7 P2 Euro Hedged: B645671
ISIN	P1: GB00B3N74T57 P2: GB00B3N53472	P1 Euro Hedged: GB00B6939N77 P2 Euro Hedged: GB00B6456719
Bloomberg	P1: CUKDY1G LN P2: CUKDY2G LN	P1 Euro Hedged: CAZAUPO LN P2 Euro Hedged: CAZAUPT LN

Fund manager(s)

Paul Marriage joined Cazenove Capital in 2005 and is a member of the pan-European equity team. Paul joined from Insight Investment where he was head of UK Small Cap investments. Prior to this, he was an analyst at GH Asset Management. Paul graduated from University College, Oxford with a degree in Modern History. He is a member of ASIP and has 15 years of investment experience.

At 30/04/13

John Warren joined Cazenove Capital in 2010 and is a member of the pan-European equity team. John has over 12 years’ investment experience, having previously been at UBS and Investec Bank. John graduated from Loughborough University with a degree in Economics and Accountancy. He holds the ACA and SFA qualifications.

At 30/04/13

Fund charges
Initial charge	P1: 5% P2: 0%
Annual management charge	P1: 1.5% + 20% performance fee (with high watermark) P2: 1.0% + 20% performance fee (with high watermark)

Minimum initial investment
P1	£1,000, €1,000
P2	£500,000, €500,000