Fund Objective
As of May 2008, the initial charge on the Close Escalator Fund range has been reduced to 3% across all four funds.
The Close UK Escalator 100 Fund ("the Fund") is a protected unit trust which has been designed to provide returns linked to stockmarket growth with 100% capital protection in the event of a fall. It is a lower risk investment, suitable for investors tempted by stockmarket returns, but who are unwilling to risk loss of capital should the stockmarket fall.
|
Key Facts
|
|
Classification
|
Unit Trust
|
|
Unit Type
|
Accumulation
|
|
Launch Date
|
26/01/96
|
|
Launch Price
|
100.0p
|
|
Charges
|
Initial 3% / Annual 1%
|
|
TER
|
1.06% as at 31/12/2007
|
|
Minimum investment
|
£1,000 lump sum or £100 monthly
|
|
Valuation
|
10.30am Daily
|
|
Benchmark
|
FTSE 100 Index
|
|
Sedol Code
|
0203821
|
|
Currency
|
£ Sterling
|
|
UCITS Certified
|
Yes
|
|