TM Fulcrum Diversified Core Absolute Return Fund

Select share classes
There is only one type of share class for this fund.

TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc

Category Macro Trading GBP


star-filledstar-filledstar-filledstar-filled
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

14,675.00p

arrow-up88.00p (+0.60%)

Fund Code

TMACA

BRTNY84

GB00BRTNY847

Prices updated as at 12 Dec 2025
|
Prices in GBX

Investment objective
The Fund seeks to achieve absolute returns equal to the Sterling Overnight Index Average (SONIA) plu 3.5%, net of fees, in all market conditions over rolling five year annualised periods. In doing so the Fund aims to achieve a positive return on a rolling 3 year basis. However, a positive return is not guaranteed and a capital loss may occur. The Fund will be managed with a forward looking volatility cap of 12%. In seeking to achieve its investment goal, the Fund will hold a diversified portfolio consisting of equities, commodity related instruments, fixed income and cash either directly or indirectly through the use of derivatives. Investments may be made through collective investment schemes (including index funds such as exchange traded funds (ETFs) and actively managed funds managed by the Investment Manager).

Portfolio as of 31/10/2025

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Large core

35.93%

% Weight
Value
Core
Growth
Large

17

36

23

Medium

5

11

4

Small

1

1

1

Valuation

TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc
Macro Trading GBP

20.87

20.87
18.82

2.21

2.21
1.93

4.07

4.07
2.99

14.49

14.49
12.25

Growth rate

TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc
Macro Trading GBP

9.90%

9.90%
8.99%

1.30%

1.30%
1.57%

13.34%

13.34%
10.12%

Top 10 holdings

1
Willow No 2 Cayman Ltd Medium Term Note Zero Cpn
Sector
-
Country
-
% of assets
6.48794
2
Willow No 2 Ireland Plc Medium Term Note Zero Cpn
Sector
-
Country
-
% of assets
6.48794
3
France (Republic Of)
Sector
-
Country
France
% of assets
5.4179
4
United Mexican States Bond Fixed 8.5% 02/Mar/2028
Sector
-
Country
-
% of assets
4.50334
5
iShares Physical Gold ETC
Sector
-
Country
Ireland
% of assets
4.09801
6
France (Republic Of)
Sector
-
Country
France
% of assets
4.07358
7
Fulcrum Equity Dispersion Z GBP HSC Acc
Sector
-
Country
Luxembourg
% of assets
3.7288
8
France (Republic Of)
Sector
-
Country
France
% of assets
3.55573
9
France (Republic Of)
Sector
-
Country
France
% of assets
3.55249
10
Fulcrum Thematic Eq Mkt Ntl Z GBP Acc
Sector
-
Country
Luxembourg
% of assets
3.43613
Assets in top 10 holdings %

45.34%

Total no. of equity holdings

292.00

Total no. of bond holdings

90.00

Stock sectors

TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc
Macro Trading GBP

26.59%

Basic materials

1.97%
-

Con cyclical

8.68%
-

Financial svs

14.90%
-

Real estate

1.04%
-

53.27%

Comm services

8.57%
-

Energy

3.48%
-

Industrials

10.36%
-

Technology

30.87%
-

20.13%

Con defensive

5.61%
-

Healthcare

10.59%
-

Utilities

3.93%
-


Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.


Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
© Copyright 2025 Morningstar. All rights reserved.