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VIRGIN UK INDEX TRACKING

VIRGIN UK INDEX TRACKING - Overview

Overview of VIRGIN UK INDEX TRACKING

This is a tracker fund, aiming to match the total returns of the FTSE All-Share Index after taking into account costs. This index comprises over 600 of the largest UK equities which together make up around 97% of the UK equity market by value. The fund buys all of the shares in the index, with the amount invested in each dependent on its market value.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched March, 1995
Size £2,760m
Yield 3.0%
Charging basis Income
Dividends paid May, Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.00%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

With annual charges of 1% this fund is expensive for a tracker – investors should consider switching into a cheaper alternative. The fund was innovative when it launched in 1995, providing retail investors with easy and cheap access to the UK stockmarket. However, an increase in the number of rival funds has dramatically raised competition and driven down costs, and the performance of tracker funds is largely dependent on how cheap they are.

Portfolio

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 97
Europe 2
North America 1
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 78
Mid Caps 18
Small Caps 4

View all performance data for this fund

Investment process

This tracker fund follows a full replication process – it buys shares in every company in the UK's FTSE All-Share Index, with the amount invested in each company dependent on the percentage of the index they represent. This index is made up of the FTSE 100, the FTSE 250 and FTSE Small Cap indices - over 600 companies in total. This gives investors substantial diversification including some international exposure, though the portfolio can be concentrated by company size – the multinationals of the FTSE 100 make up around 85% of the index. Though primarily an equity fund, the manager will also use futures, a type of derivative which provides liquid exposure to the whole of the index. These are used to manage cash balances in the fund - by buying and selling futures the manager can regulate market exposure in response to inflows and outflows without the costs involved in trading all of the shares in the portfolio.

Live feed

Bid price(inc) (20.10p) 267.00p
Accum units 267.00p
Fund commentary 25/10/13
Fund data updated on 22/10/19

Asset allocation

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 97
Europe 2
North America 1
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 78
Mid Caps 18
Small Caps 4

Top 10 holdings

As at: 15/03/2019
5.43% Hsbc Hldgs
4.62% Bp
3.92% Royal Dutch Shell
3.46% Astrazeneca Plc
3.2% Diageo
3.18% Glaxosmithkline
3.04% Royal Dutch Shell
2.01% Unilever
2% Lloyds Banking Group Plc
1.83% Prudential Plc
Source: Trustnet

Sector breakdown

Oil & Gas 14%
Banks 10%
Industrials 9%
Financial Services 8%
Health Care 8%
Household Goods 8%
Resources 7%
Food, Beverages and Tobacco 6%
Insurance 5%
Travel 5%

Portfolio details

The portfolio holds all of the 600+ constituents of FTSE All-Share Index.

Constraints

This is a tracker fund and so is managed passively.

Average monthly relative returns Bestinvest MRI
14/15 15/16 16/17 17/18 18/19   3 years 5 years Career 3 years 5 years Career
0.01% -0.05% 0.00% -0.05% -0.01%   -0.02% -0.02% -0.09% 54.80% 59.50% 20.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

State Street Global Advisors

Manager. State Street Global Advisors (SSgA) is the asset management business of State Street Corporation, a provider of financial services to institutional investors with a history dating back over two centuries. SSgA has more than 400 investment professionals and over 2400 employees in total based around the world.

Track record

State Street Global Advisors has 21.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from March 1998 - March 2019) there was a decline of 21% relative to the index. The worst absolute loss has been 44%.

Periods of worst performance
Absolute -44% (December 1999 - January 2003)
Relative -21% (March 1998 - March 2019)

Other funds managed

Sector record since March 1998 (22 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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