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CF Ruffer Total Return

Ranked 40 out of 46 in - Absolute Return over 12 months
All calculations are in GBP

Managed by

David Ballance

David Ballance graduated from Oxford University and started his career with Allied Dunbar, where he was a senior investment manager before he left to join Threadneedle Investment Managers as head of European equities. David moved to Rothschild Asset Management in the same position, and later joined Rothschild Private Management where he was head of International equities. Since 2006, David has been an investment director at Ruffer and co-manages the CF Ruffer Total Return Fund alongside Steven Russell.

Steve Russell

Steve Russell started his career in 1987 as a research analyst at SLC Asset Management where he eventually became the head of equities. In 1999 he moved to HSBC Investment Bank where he was the head of UK and European equity strategy. Steve joined Ruffer in 2003 where he co-manages of CF Ruffer Total Return Fund alongside David Ballance. He has also been a non-executive director of JP Morgan Fleming Continental Investment Trust since 2005.

Objective

The investment objective of Fund is to achieve low volatility, positive returns from an actively managed portfolio of different asset classes, including equities, bonds and currencies. The sub-fund may also invest in collective investment schemes, cash, money market instruments, other transferable securities and derivatives and forward transactions and other investments to the extent that each is permitted by the Regulations. Pervading this objective is a fundamental philosophy of capital preservation.

Performance

Absolute Return over : 31/07/2013 - 31/07/2014

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 0.2% -0.9% 0.4% 0.8%
2013 9.6% 10.1% -1.3% 0.0% 0.9%
2012 2.7% 2.2% -3.3% 1.3% 2.6%
2011 1.2% 0.0% 1.0% -2.0% 2.2%
2010 13.9% 5.6% -0.7% 3.1% 5.3%
2009 11.0% -5.0% 6.2% 7.7% 2.1%
2008 21.2% 4.6% -2.3% 0.7% 17.8%
2007 6.3% 1.7% -0.4% 3.1% 1.7%
2006 -2.6% 2.2% -3.6% -1.0% -0.1%
2005 19.0% 2.6% 2.3% 10.8% 2.3%
2004 8.0% 0.4% 0.3% 4.2% 2.9%
2003 23.9% 2.6% 8.2% 7.0% 4.2%
2002 5.8% 1.2% 2.7% 0.7% 1.2%
2001 15.5% 6.2% 4.4% -0.9% 5.1%
2000 8.3% 8.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2014

Top 10 Holdings

Stock Size
United Kingdom 1.250% 22-Nov-2017 5.55
GBP Cash 4.83
US Treasury 0.125% 15-Apr-2016 4.26
United Kingdom 1.875% 22-Nov-2022 4.02
US Treasury 0.125% 15-Jan-2022 3.83
United Kingdom 0.500% 22-Mar-2050 3.46
US Treasury 1.250% 15-Jul-2020 2.97
GOLD BULLION SECURITIES ETC 2.86
United Kingdom 1.250% 22-Nov-2055 2.82
BP PLC ORD 2.16
28/02/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/09/2000
  • Share Class size2,824Mn
  • Base currencyGBP
  • ISIN GB0009684878

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment10,000

Charges

  • Annual management1.5%
  • Initial investment5

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).