Smith & Williamson Defensive Growth Fund B Inc

Buy/Sell Price  (as of 19/07/2018) £1.3546   Day Change :  0.39%     Fund Code:  SMCGI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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James joined Smith & Williamson in September 1999 and started working on the investment trust desk in January 2001. James leads the Managed Portfolio Service as well as the Multi Manager team, which oversees the Smith & Williamson MM Global Investment Fund, MM Cautious Growth Fund and the MM Endurance Balanced Fund. James sits on the Asset Allocation Policy Committee and he also co-ordinates the investment trust recommended list for the Private Client department. James graduated from the University of St. Andrews in 1998 with an MA (Hons) and is a Chartered Member of the Chartered Institute for Securities & Investment.


Genevra joined the Smith & Williamson Investment Management Graduate Scheme in September 2008, and became a permanent member of the firms Multi-Manager team in January 2010. She has been assistant fund manager on the MM Cautious Growth Fund and MM Global Investment Fund since January 2014 and became assistant fund manager on MM Endurance Balanced Fund since September 2014. Genevra graduated from Durham University in 2007 with a BA (Hons) degree in Politics. She is a Chartered Member of the Chartered Institute of Securities & Investment (CISI) and is a CAIA Charter Holder.
Investment HouseSmith & Williamson
Fund ProviderSmith & Williamson Inv Mgt (Ireland) Ltd
ManagerJames Burns   Biography
ManagerGenevra Banszky von Ambroz   Biography

Fund Objective The investment objective of the Fund is to achieve long-term steady capital growth by adopting a policy to normally invest at least 50% of the assets in zerodividend preference shares (zeros), and synthetic zeros.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £1.35
12-Month NAV Low £1.30
Fund Comparative Index -
Morningstar CategoryTMGBP Moderate Allocation
Dividend FrequencyTwice Yearly
Historic Yield -

Annual Charges

Morningstar ratings

 as of  30/06/2018
Overall2 star
3 Years3 star
5 Years2 star
10 Years2 star

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  19/07/2018

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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