| Morningstar Fund Report | 05/04/2025 |  |
WS Ruffer Total Return Fund H Accumulation |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 8.9 | 4.4 | -6.2 | -1.7 | 4.9 |
| +/-Cat | 0.2 | 14.3 | -12.2 | -8.0 | 4.9 |
| +/-B’mrk | 1.0 | 13.6 | -15.5 | -10.3 | 5.0 |
| Category: GBP Flexible Allocation | ||||||
| Category Benchmark: Morningstar UK Mod Tgt Allo... | ||||||
| Key Stats | ||
| NAV 02/04/2025 | GBP 5.87 | |
| Day Change | -0.07% | |
| Morningstar Category™ | GBP Flexible Allocation | |
| IA (formerly IMA) Sector | Mixed Investment 20-60% Shares | |
| ISIN | GB00BJ5JLX42 | |
| Fund Size (Mil) 28/02/2025 | GBP 1625.44 | |
| Share Class Size (Mil) 02/04/2025 | GBP 1.35 | |
| Max Initial Charge | 5.00% | |
| Ongoing Charge 18/02/2025 | 1.13% | |
| Morningstar Research |
| Analyst Report | 04/03/2025 Tom Mills, Principal Morningstar, Inc |
LF Ruffer Total Return benefits from a clear and consistent focus on capital preservation, with a well-resourced, experienced, and collegial investment team. The strategy’s clean C share class retains its Morningstar Analyst Rating of Bronze,... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: WS Ruffer Total Return Fund H Accumulation |
| To seek to achieve positive returns in all market conditions over any 12 month period, after all costs and charges have been taken. To invest both directly and indirectly in the following asset classes: equities (including equity related securities), debt instruments (including government and public securities, corporate bonds, distressed debt and private debt), alternative investments (such as property and commodities such as precious metals), money market instruments, deposits and cash. As part of the equity exposure, the Sub-fund may invest in Investment Trusts. |
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| Management | ||
Manager Name Start Date | ||
Steven Russell 01/10/2006 | ||
Matt Smith 01/10/2019 | ||
| Click here to see others | ||
Inception Date 24/04/2019 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| UK Bank Base Rate | Morningstar UK Mod Tgt Alloc NR GBP |
| Portfolio Profile for WS Ruffer Total Return Fund H Accumulation | 31/03/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |||
| Price Return | 11.98 | 8.95 | 4.37 | -6.23 | -1.75 | 4.86 | ||
| +/- Category | 7.36 | 0.21 | 14.32 | -12.25 | -7.95 | 4.94 | ||
| +/- Category Index | 6.69 | 0.95 | 13.63 | -15.49 | -10.31 | 4.96 | ||
| % Rank in Category | 4 | 38 | 5 | 97 | 96 | 1 | ||
| Trailing Returns (GBP) | 02/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.07 | 0.83 | 1.64 |
| 1 Week | 0.07 | 1.56 | 1.81 |
| 1 Month | 0.87 | 3.74 | 4.38 |
| 3 Months | 4.84 | 6.09 | 6.86 |
| 6 Months | -0.55 | 0.73 | -0.01 |
| YTD | 4.78 | 5.64 | 6.20 |
| 1 Year | 4.11 | 1.17 | 0.25 |
| 3 Years Annualised | -1.05 | -2.36 | -4.14 |
| 5 Years Annualised | 4.64 | -1.06 | -1.56 |
| 10 Years Annualised | - | - | - |
| Category: GBP Flexible Allocation | |||
| Category Index: Morningstar UK Mod Tgt Alloc NR GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 4.86 | - | - | - |
| 2024 | -1.12 | 0.75 | 3.12 | -4.37 |
| 2023 | -1.05 | -6.11 | -0.59 | 1.52 |
| 2022 | 4.01 | -4.75 | 1.20 | 4.10 |
| 2021 | 6.66 | 0.62 | 0.10 | 1.42 |
| 2020 | -0.80 | 6.32 | 1.18 | 4.93 |
| Morningstar Rating™(Relative to Category) | 28/02/2025 | ||||||||||||||||||||
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| Category : GBP Flexible Allocation | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar UK Mod Tgt Alloc NR GBP | Morningstar Global Bas Mat TME NR USD | |
| 3-Yr Beta | 0.29 | 0.27 |
| 3-Yr Alpha | -4.83 | -3.51 |
| Investment Style Details | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: GBP Flexible Allocation | |||||||||||||||||||||||||||||||||||||||||
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/03/2025 |
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| World Regions | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: GBP Flexible Allocation | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 31/03/2025 | ||||||||||||||||||||||||||||||||||||
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| Category: GBP Flexible Allocation | |||||||||||||||||||||||||||||||||||||
Real Estate
Healthcare
Utilities
Communication Services
Industrials
Technology| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 160 |
| Total Number of Bond Holdings | 17 |
| Assets in Top 10 Holdings | 61.58 |
| Name | Sector | Country | % of Assets | ||
| United States Treasury Notes |  | United States | 10.60 | ||
 United States Treasury Notes | | United States | 8.85 | ||
| United States Treasury Notes | | United States | 8.46 | ||
| Japan (Government Of) 0.005% | | Japan | 7.60 | ||
| United States Treasury Notes | | United States | 6.48 | ||
| Japan (Government Of) 0.005% | | Japan | 6.15 | ||
| WS Ruffer Gold I Acc | | United Kingdom | 5.34 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 2.93 | ||
| BP PLC ADR |  | United Kingdom | 2.74 | ||
 iShares MSCI China A ETF EUR H Acc | | Ireland | 2.43 | ||
Increase Decrease  New since last portfolio | |||||
| Category: GBP Flexible Allocation | |||||
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| Biography | |
| Started as a research analyst at SLC Asset Management in 1987, where he became Head of Equities in charge of £5bn of equity funds. In 1999 moved to HSBC Investment Bank as Head of UK and European Equity Strategy, before joining Ruffer in September 2003. Became a non -executive director of JPMorgan European Investment Trust in 2005 and is co-manager of the CF Ruffer Total Return Fund. |
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| Fund Manager | Matt Smith |
| Manager Start Date | 01/10/2019 |
| Career Start Year | 2011 |
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| Biography | |
| Matt Smith joined Ruffer in 2011 after graduating from Edinburgh University with a first class honours degree in history and German. He spent 2015 seconded to Ruffer’s Hong Kong office as an equity analyst, and is a fellow of the Chartered Institute for Securities & Investment, having achieved a distinction in the Financial Derivatives paper. He primarily manages portfolios for pension schemes and institutions and co-manages the LF Ruffer Total Return Fund. |
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| Fund Manager | Alexander Chartres |
| Manager Start Date | 01/10/2019 |
| Career Start Year | 2010 |
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| Biography | |
| Alex Chartres joined Ruffer in 2010 after graduating from Newcastle University with a first class honours degree in history and politics. Alex worked closely with Clemmie Vaughan and Jonathan Ruffer for six years. In 2012, he became a member of the Chartered Institute for Securities & Investment, achieving a merit in the Private Client Advice and Management paper. He specialises in geopolitics and its investment implications, with a particular focus on European and Great Power politics. He is a co-manager of the LF Ruffer Total Return Fund. |
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