Investment Funds

UK Absolute Target Fund

Steve Cordell
Steve Cordell
OBSR A rating

Fund aim

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

Performance target

To achieve an 8 - 10% net annual absolute return with less than two-thirds of the volatility of the FTSE All-Share Index.*
*There is no guarantee that either the target or positive returns will be achieved.


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 facts

Launch date18th July 2008
Manager(s) start date1st June 2011
Fund typeOEIC: Sub-fund of Cazenove Absolute Return Fund Company (CARFCO)
Type of shareAccumulation
Share classesP1 GBP
P2 GBP
P1 Euro Hedged
P2 Euro Hedged
Base currencySterling
Initial chargeP1: 5%
P2: 0%
P1 Euro Hedged: 5%
P2 Euro Hedged: 0%
Annual management chargeP1: 1.25% + 20% performance fee (with high watermark)
P2: 0.75% + 20% performance fee (with high watermark)
P1 Euro Hedged: 1.25% + 20% performance fee (with high watermark)
P2 Euro Hedged: 0.75% + 20% performance fee (with high watermark)
Minimum initial investmentP1 GBP: £1,000
P2 GBP: £500,000
P1 Euro Hedged: €1,000
P2 Euro Hedged: €500,000
SectorIMA Absolute Return
ISINP1 GBP: GB00B39VWX15
P2 GBP: GB00B39VWZ39
P1 Euro Hedged: GB00B39VWY22
P2 Euro Hedged: GB00B39VX053
SedolP1 GBP: B39VWX1
P2 GBP: B39VWZ3
P1 Euro Hedged: B39VWY2
P2 Euro Hedged: B39VX05
BloombergP1 GBP: CUKARP1 LN
P2 GBP: CUKARP2 LN
P1 Euro Hedged: CUKAPE1 LN
P2 Euro Hedged: CUKAPE2 LN

Literature

Sales team

Telephone: 0800 015 9592