Factsheet: TB Wise Multi-Asset Income B Inc

Mixed Asset 61-100% Equity

Rated Fund 2015-2018. Looks for income opportunities across the asset spectrum

This fund was highly commended in Money Observer's Best Mixed Asset Higher Risk Fund category in 2015. Tony Yarrow, chairman and founder of wealth manager Wise Investments, has managed it since inception in 2005. He was joined by a co-manager in 2017, in the form of Vincent Ropers.The managers describe this as a strategic income fund, as they are able to look globally for attractive income-paying assets across the widest spectrum including fixed interest, commercial property, shares and alternative assets such as private equity and infrastructure. They obtain this exposure mainly through other investment funds and trusts, though they can also invest direct. The fund has an attractive yield of 4.8 per cent and pays income quarterly.Yarrow's process begins with economic, market, fund and company analysis. When considering which assets to buy he looks for those that are of high quality, but undervalued and out of favour with the market. He is prepared to hold onto these investments until their prospects improve. When holdings become fashionable and expensive he tends to sell them.At the end of 2017, the fund had 80 per cent in equities. The managers have been increasing allocations to UK equities, where they see attractive value opportunities despite investors' nervousness around Brexit. UK small companies were their largest sector allocation, accounting for more than a fifth of assets, while they also had 11 per cent in UK large companies. Property, utilities and private equity made up the rest of their top five sector allocations.The fund has ongoing charges of 0.93 per cent.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
TB Wise Multi-Asset Income B Inc
Manager
Wise Investments Limited (T.Bailey)
Type
Open Ended Investment Company
ISIN
GB00B0LJ0160
Sector
Flexible Investment
Launched
03/10/2005
OCF
0.93 %
Risk Rating
5
3 Year Sharpe
1.06
Yield
5.3 %
Benchmark
Bats UK All Companies NR GBP
The investment objective of TB Wise Multi-Asset Income is to provide a yield in excess of the BATS UK All Companies Index with the potential to provide income growth and capital growth over the medium to long term in line with, or better than, the rate of UK inflation (based on the Bank of England’s preferred measure of UK inflation, which is currently the Consumer Prices Index (CPI)). Investors should note that their capital is at risk and that there is no guarantee that a positive return will be achieved over any time period.
Holding %
Princess Private Equity Ord 4.38 %
Legal & General Group PLC 4.28 %
Ediston Property Investment Company 4.02 %
Middlefield Canadian Income Ord 4.00 %
Ecofin Global Utilities & Infra Ord 3.49 %
BlackRock World Mining Trust plc 3.32 %
British Land Co PLC 3.08 %
Aberdeen Asian Income Ord 3.03 %
Shoe Zone PLC 2.85 %
National Grid PLC 2.77 %
Region %
United Kingdom 87.38 %
Canada 5.20 %
Sector %
Consumer Cyclical 26.95 %
Financial Services 19.63 %
Real Estate 10.91 %
Utilities 9.47 %
Basic materials 8.87 %
Communication Services 7.44 %
Industrials 7.25 %
Name
Wise Investments Limited (T.Bailey)
Address
NG1 6FJ, Nottingham, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Tony Yarrow
Joined 10/04/2005

Data provided by Morningstar.

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