TM Redwheel Global Equity Income R Acc

The objective of the Fund is to provide a combination of income and capital growth, net of fees, over five year rolling periods by investing in a concentrated portfolio of global companies.
The Fund will primarily (over 70%) invest its assets (excluding cash and cash equivalents) in equity and equity linked securities of companies that are listed on a global stock market. Equity and equity-linked securities include shares, depository receipts, warrants and other participation rights, convertible securities, index and participation notes and equity linked notes. The construction of the Fund portfolio takes into account more than just fundamental company information as the Investment Manager believes that no company, market or economy can be considered on their own. This approach concentrates on investing in stocks that, in the opinion of the Investment Manager, offer an attractive value and are issued by companies with good prospects and strong fundamentals (more specifically and not limited to, an established business model, evidence of profitability, lower dependence on debt financing, better probability of recuring profits, experienced leadership team etc.). The most attractive stocks for this strategy tend to be those of good quality, cash generative companies with realisable dividend yields. The Fund has an inherent style bias; every holding in the portfolio must have a yield that is at least 25% more than holdings in the broader market (compared to MSCI World Equity Index NDR index) at the point of purchase. Any holding whose prospective yield falls below the comparative index yield is sold within six months. The Fund typically holds investments in 30-50 companies and is therefore considered a concentrated portfolio.
The Fund may invest up to 10% of its net assets in collective investment schemes (which may be managed by either the ACD or its associates or the Investment Manager or its associates). In addition, the Fund may also invest and gain exposure to fixed income instruments, including emerging market and sub-investment grade debt, and convertible securities. Fixed and floating rate debt securities as well as cash and cash equivalents may be held. GBP is the Fund currency but assets may be denominated in other currencies. In certain market conditions currency exposure may be hedged. The Fund may invest in financial derivative instruments for hedging and investment purposes. The use of derivatives is expected to be limited. Financial derivative instruments, either exchange traded or OTC, in which the Fund may invest, include, but are not limited to, options, swaps and index futures.