VT Chelsea Managed Monthly Income

Monthly income fund at a glanceMAR19

When you’re relying on your savings to generate an income, you want to know they’re working hard. A cash account might not cut it. The monthly income fund may be more appealing.

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The Chelsea investment philosophy & process

What does this fund do?

The monthly income fund aims to pay roughly the same amount of income each month^ so that you can budget with confidence. The fund targets an above-market income that is sustainable and consistent, as well as some capital growth, over the long term.

We think of delivering a sustainable income as a bit like a jigsaw puzzle –  all the pieces have to be in place for the picture to come together. Assets will yield differently at different times, so we will strategically combine diverse sources of income to target a high and resilient yield, year-in, year-out. 

What do we invest in?

We will invest in income funds, whose underlying assets may include UK and overseas equities, bonds, gold and targeted absolute return strategies. Assets such as property and infrastructure, which are renowned for their income-paying potential, are also expected to contribute to the fund’s yield.

We believe in transparency, so you can see a full list of what the VT Chelsea Managed Monthly Income fund invests in below.

Holding % of fund Asset class
Man GLG UK Income Professional 5.21 Equities
BlackRock Continental European Income 5.11 Equities
Fidelity Global Enhanced Income 5.02 Equities
Schroder Asian Income Maximiser 4.53 Equities
Artemis Global Income 4.34 Equities
Sanlam Strategic Bond 4.22 Fixed Income
Nomura Funds Ireland-Global Dynamic Bond 3.95 Fixed Income
M&G Global Dividend 3.87 Equities
Ashmore SICAV Emerging Markets Short Duration GBP 3.78 Fixed Income
Jupiter Strategic Bond 3.60 Fixed Income
Target Healthcare REIT Ltd 3.41 Property
Man GLG High Yield Opportunities 3.36 Fixed Income
Cash 3.23 Cash
TwentyFour Select Monthly Income Fund Ltd 3.23 Fixed Income
Sequoia Economic Infrastructure Income Fund Ltd 3.19 Fixed Income
GAM Star Credit Opportunities 3.14 Fixed Income
Royal London Short Duration Global High Yield Bond 3.04 Fixed Income
TB Evenlode Global Income 2.94 Equities
GCP Asset Backed Income Fund Ltd 2.90 Fixed Income
Premier Global Infrastructure Income 2.80 Equities
Foresight Solar Fund Ltd 2.76 Alternatives
M&G Emerging Markets Bond 2.52 Fixed Income
GCP Student Living PLC 2.47 Property
Greencoat UK Wind PLC 2.36 Alternatives
Real Estate Credit Investments Ltd 2.31 Fixed Income
Impact Healthcare REIT PLC 2.27 Property
Aberdeen Standard Equity Income Trust PLC 2.09 Equities
Montanaro UK Smaller Companies Investment Trust 1.82 Equities
Global X Silver Miners ETF 1.81 Gold & Silver
Montanaro UK Income 1.55 Equities
GCP Infrastructure Investments Ltd  1.34 Fixed Income
Lindsell Train Investment Trust PLC 1.13 Equities
Renewables Infrastructure Group Ltd 0.72 Alternatives

Information correct as at 31 August 2019. Please note percentages may not add up to 100% exactly due to rounding errors

Portfolio performance

MF Income Performance Sep19

What are the risks?

It’s important to understand investments can go down as well as up in value. You may not get back the amount originally invested. Income payments are not guaranteed.

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Important information

^Income will be smoothed to pay a roughly level amount over 11 months, with a final adjustment payment in the 12th month, which may be more or less than the regular payment. Please note that income payments may take a few months to regulate following fund launch.

Long term is 5+ years. The aim is to have lower volatility than global equities over a rolling 5-year period.

**FE Analytics 05/06/2017-31/08/2019 total return in sterling terms. Dealing to dealing on a bid to bid basis.

The VT Chelsea Managed Funds are for investors who prefer to make their own investment decisions, without personal advice.

Valu-Trac Investment Management Limited is the authorised corporate director (ACD) and investment manager of the VT Chelsea Managed Funds. Valu-Trac is authorised and regulated by the Financial Conduct Authority (FCA). Valu-Trac’s FCA registration is 145168. Chelsea Portfolio Management Services Limited will be the investment adviser for the VT Chelsea Managed Funds.