Director, Portfolio Manager, Multi Asset Solutions
View BioThe Managed Portfolio Trust is a ‘multi-manager’ portfolio, investing in trusts managed by different investment providers.
The Company’s investments are managed in two separate portfolios; the Income Portfolio and the Growth Portfolio, to which the Income shares and the Growth shares are respectively entitled.
The investment objective for each portfolio is:
To provide Income shareholders with an attractive level of income with the potential for income and capital growth from a diversified portfolio of investment companies.
To provide Growth shareholders with capital growth from a diversified portfolio of investment companies.
The benchmark index for both the Income Portfolio and the Growth Portfolio is the FTSE All-Share Index.
The Income Portfolio will invest in a diversified portfolio of at least 25 investment companies:
The Growth Portfolio will invest in a diversified portfolio of at least 25 investment companies:
The Company invests principally in closed ended investment companies, wherever incorporated, which are listed on the Official List of the UK Listing Authority. The majority of the Company’s holdings comprise equity investments although it is permitted to invest in other securities issued by investment companies.
The Company is permitted to invest in other closed ended investment companies, wherever incorporated, whose shares are traded on AiM or a Regulated Exchange (other than the Official List of the UKLA) up to a maximum of 25 per cent of the total assets of the relevant Portfolio.
In accordance with the Listing Rules of the UK Listing Authority, the Company will not invest more than 10 per cent of its total assets in other UK listed investment companies that themselves may invest more than 15 per cent of their total assets in other UK listed investment companies.
There are no maximum levels set for underlying exposures to geographic regions or sectors.
No investment in either Portfolio may exceed 15 per cent of the relevant Portfolio’s total assets at the time of the latest purchase.
The Manager may invest the assets of the Company in other investment companies managed by the Manager or another member of the BMO Group, provided that such investments in the Income or Growth Portfolios shall not exceed 20 per cent of the total assets of the relevant Portfolio at the time of investment.
There are no defined limits on securities and accordingly the Company may invest up to 100 per cent of total assets in any particular type of security.
The Company may use derivatives, principally, for the purpose of efficient portfolio management, including protecting the Portfolios against market falls.
The Company may use borrowings in either Portfolio. Borrowings are not normally expected to exceed 20 per cent of the total assets of the relevant Portfolio. Under the Company’s Articles of Association the maximum borrowing limit is 50 per cent of the total assets of the relevant Portfolio.
The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.
| Investment manager | BMO Investment Business Limited |
| Benchmark | FTSE All-Share Index |
| AIC sector* | Flexible Investment |
| Launch date | 01.04.2008 |
| Total assets | £130.2 million (as at 31.10.18) |
| Currency | Sterling |
| ISIN | GB00B2PP3J36 (Income shares) GB00B2PP2527 (Growth shares) |
| SEDOL | B2PP3J3 (Income shares) |
| Ticker symbol | BMPI (Income shares) BMPG (Growth shares) |
* The AIC is the trade body for closed-ended investment companies, including investment trusts.
| Annual general meeting | September |
| Year end | 31.05.2018 |
| Dividends paid | January, April, July, October |
BMO offer a range of plans designed to meet different investment goals and help you make your money work harder.
As with all investments, you need to be comfortable that you may not get back the original amount invested.
Opening a BMO plan is easy.
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You can invest through your usual financial adviser, or through a wide range of companies.
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