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Ashburton Africa Equity Opportunities Class R - Accumulation (USD)

Sell:570.15p Buy:570.15p Change: 4.25p (0.75%)
Prices as at 20 March 2019
Sell:570.15p
Buy:570.15p
Change: 4.25p (0.75%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 20 March 2019
Sell:570.15p
Buy:570.15p
Change: 4.25p (0.75%)
Prices as at 20 March 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.26%
Initial saving from HL: 5.26%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: Yes   View risks
Ongoing charge (OCF/TER): 2.70%
Ongoing saving from HL: 1.00% i
Net ongoing charge: 1.70%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Paul Clark
Fund launch date: 22 May 2013
Sector: Specialist
Fund size: $8 million
Number of holdings: 29
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Weekly
Valuation point: 21:00
Trustee: State Street Bank Luxembourg S.A.
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

22/03/14 to 22/03/15 22/03/15 to 22/03/16 22/03/16 to 22/03/17 22/03/17 to 22/03/18 22/03/18 to 22/03/19
Annual return -0.86% -24.99% 3.72% 31.64% -12.04%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The investment objective of the Sub-Fund is to maximise risk-adjusted returns over the long run while preserving capital, regardless of market conditions, by investing in companies whose primary source of income is from, or whose major assets are based on, the african continent. It is anticipated that at least 80% of the Fund will be invested in companies listed on African stock exchanges and the balance on stock exchanges outside Africa. The Fund can also invest up to 10% in selected investment opportunities, such as pre-IPO opportunities or unlisted investments.

Income Details

Income paid: n/a
Type of payment: No income
Ex-dividend date:
Payment date:

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
Seplat Petroleum Development Company 9.91%
EFG-Hermes Holding SAE 6.08%
Centum Investment Company 4.85%
Sonatel SA - Sonatel SA 4.20%
Lekoil 4.10%
EQUITY BANK 4.05%
Obour Land for Food Industries 4.01%
Orascom Construction Ltd 3.92%
Zenith Bank 3.84%
Guaranty Trust Bank 3.80%
Sector Weight
Banks 31.20%
Financial Services 15.29%
Oil & Gas Producers 14.01%
Non-Classified 9.79%
Food Producers 4.01%
Construction & Materials 3.92%
Tobacco 3.57%
Cash and Equiv. 3.46%
Personal Goods 2.90%
Leisure Goods 2.83%
Country Weight
Egypt 38.50%
Nigeria 24.05%
Kenya 16.24%
Cote D'Ivoire 4.20%
United Kingdom 4.10%
Uganda 3.53%
Cash and Equiv. 3.46%
Botswana 2.07%
Mauritius 1.94%
Switzerland 1.91%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 20 March 2019. Data provided by Funds Library, correct as at 28 February 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.