UK Growth Trust
A proven track record of delivery from the UKs largest and best known companies
Good for...
Investors looking for growth from a well established and successful fund, investing in the UK’s best-known companies.
Nothing in life is risk-free, but you should remember this is a different type of investment to a bank or building society account. The value of an investment can go down as well as up and you may get back less than you put in.
“I am looking to invest in some of the UK's strongest high-quality companies providing fantastic opportunities for long term growth. So we invest in Rolls Royce – one of the world’s leading suppliers of power systems.”
Andrew Moffat, Senior Fund Manager
Fund detail
Launched |
25th September 1989 |
|---|---|
Fund manager profile |
Andrew Moffat currently manages the UK Growth Trust, having previously managed the UK Income with Growth Trust for 11 years. He was nominated for Income Manager of the Year (Investment Week 2006, Income sector) and in 2005 achieved 2nd place for investment performance in Citywire’s UK retail industry awards. Andrew has over 20 years of industry experience. He previously worked for Equitable Life as UK Fund Manager and trained as an Investment Analyst with Confederation Life in the City. He qualified as an Associate Member of the Society of Investment Analysts in 1990 and is an ongoing Associate of the CFA, UK. He has a BA in Economics and an MA in Finance & Investment. |
Risk profile |
Balanced |
Fund aims and objectives |
This fund looks to increase the value of your money over the long term by investing primarily in the UK’s largest and best-known companies such as Burberry and Standard Chartered Bank. These companies have been chosen due to their excellent long-term growth prospects across the UK and global markets. |
You should read this brochure before you invest in any of our funds:
(Documentation will open as a PDF in a new window).
Fund facts
Who can invest?
You must be over 18 to invest. This investment can be held jointly by up to four named people.
Investment limits
You can invest:
- a lump sum (minimum £1000)
- regular monthly contributions (minimum £50)
- or a combination of both.
There is no maximum investment limit, but if you wish to invest in a Stocks & Shares ISA, the total ISA allowance is £10,680. If you wish to invest more than this, simply choose to invest part of your investment inside the ‘ISA wrapper’ and the rest outside the ‘ISA wrapper’ in a unit trust.
Flexibility
There is no fixed investment term and you can choose to increase or decrease your monthly payments, as long as you let us know in advance. And you can even take up to two ‘payment holidays’ in a year if you like.
Income
You can receive an income from this investment on a half-yearly basis. You can choose to add this income back to the fund for greater capital growth or you can receive a cheque/bank transfer into your account.
Withdrawals
You can make partial withdrawals from your investment but you should remember that making any withdrawals will not only reduce the value of your investment, but also any income you receive from it.
Valuations
We will send you a half-yearly statement to let you know how your investment is performing, or you can request a valuation of your investment at any time by calling us on 08457 46 46 46.
You can also check the daily unit price online.
Latest information
How has UK Growth Trust been performing?
Take a look at the latest fund factsheet:
(Documentation will open as a PDF in a new window).
- UK Growth Trust
fund factsheet (PDF - 0.2Mb)
Remember that past performance is not a reliable indicator of future performance and the value of an investment in this fund can go down as well as up.
Performance over the last 10 years
UK Growth Trust was launched in 1989. This graph shows the percentage change in value of a lump sum investment with income reinvested, on a buying to selling (offer to bid) basis, from 30/09/01 to 30/09/11. (Source: Lipper)
Annual performance for the past 5 years
| 30/09/10 - 30/09/11 | 30/09/09 - 30/09/10 | 30/09/08 - 30/09/09 | 30/09/07 - 30/09/08 | 30/09/06 - 30/09/07 | |
|---|---|---|---|---|---|
| Fund | -8.9 | 13.2 | 4.5 | -18.8 | 9.4 |
The table shows the percentage growth for single year periods, bid to bid price (selling price to selling price), with income reinvested and no initial charges.
Portfolio structure (as at 30th November 2011)
Fees, charges and taxation
When you invest in UK Growth Trust, as either a unit trust investment, or a Stocks & Shares ISA, we will look after and manage your money, to give it the best chance of achieving your investment goals.
There are charges made for this - which are a percentage of the value of your investment at the time.
Here is a summary of the important information:
| Charge (% of the investment value at the time) | What’s this for | How and when is it deducted? | ||
|---|---|---|---|---|
| Initial charge | If you apply online without receiving financial advice from us. (You may also request a postal application by telephoning us). | 1.5% of your initial investment | The charge for opening a unit trust (or Stocks & Shares ISA) with us. |
One-off charge on ‘day one’ of your investment. You buy units at the buying price and sell them at the selling price. The difference between the two is the initial charge. |
| AND | Annual Management Charge |
1.5% per year | The annual cost of us managing your money and investing it on your behalf. |
Daily, from the income earned on your investment. |
| AND | Additional Management Charge |
About 0.1% per year | For the additional costs of managing the Trust, such as the Trustees fees and audit expenses. |
Once a year, from the income earned on your investment. |
We aim to keep these charges to a minimum and we will notify you if there are any changes to these.
What about tax?
You will find more information about taxation in our brochure, Important Information about the Co-operative Investments Unit Trusts and ISA. You should read this before you invest to make sure you understand your tax position and if you need further guidance, you should seek specialist advice.
- If you invest in this Trust through a stocks & shares ISA, you will have no further tax to pay on your investment.
- If you invest in this Trust outside the ‘ISA wrapper’, any income you earn from an investment in this Trust is taxed as an ‘interest distribution’ so you will pay tax on it subject to your personal income tax liability. You may also have to pay capital gains tax when you sell your units. This will depend on whether you have exceeded your annual capital gains tax exemption.
