Part of our Foundation Fundlist RUFFER INVESTMENT CO RED PTG PREF SHS GBP0.0001

Symbol: RICA

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Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 25th Jun 2016 to 25th Jun 201717.01%
  • 25th Jun 2017 to 25th Jun 2018-0.82%
  • 25th Jun 2018 to 25th Jun 2019-6.99%
  • 25th Jun 2019 to 25th Jun 202014.49%
  • 25th Jun 2020 to 25th Jun 202119.19%

Key Information

Benchmark N/A
Sector IT Flexible Investment
Gearing 100%
Ex-Dividend Date 11 Mar 2021
Dividend Pay Date 26 Mar 2021
Total Dividends - Year to Date1.9
Dividend Yield (%)0.6574

Net Asset Value (Nav)

Latest actual NAV 283.05
Latest actual NAV date 22/06/2021
NAV frequency Weekly
Premium/Discount 1.57%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.2448%
Performance Fee No
AMC 1.00%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here .
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.2448%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Ruffer Investment Company Limited is a closed-ended investment company. The principal objective of the Company is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England base rate. The Company invests in internationally listed or quoted equities, or equity-related securities (including convertibles) and/or bonds, which are issued by corporate issuers, supra-nationals or government organizations. The Company invests across a range of assets, geographies and sectors. The Company may use derivatives, including futures, options, swap agreements, structured products, warrants and forward currency contracts, for portfolio management purposes. The investment manager of the Company is Ruffer AIFM Limited.

Financial Summary

BRIEF: For the six months ended 31 December 2020, RufferInvestment Company Ltd revenues increased from £16.1M to£32.7M. Net income increased from £13.6M to £30.1M.Revenues reflect Net changes in FV of financial assetsincrease from £9.1M to £19M, Movement in unrealised forwardforeign increase from £1.1M to £6.8M, Realised losses onforward foreign increase of 45% to £4.8M.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      -1.03% 0.52% 12.68% 19.19% 26.91% 47.27%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      1,333,171 bytes PDF Document; last updated 28 May 2021
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      596,861 bytes PDF Document; last updated 12 Apr 2021
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      1,397,374 bytes PDF Document; last updated 30 Jun 2020
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      515,082 bytes PDF Document; last updated 31 Dec 2020

      Management Team

      Duncan MacInnes Hamish Baillie

      Duncan MacInnes has managed this fund for 4 years and 9 months.

      Duncan MacInnes Joined Ruffer in 2012. He graduated from Glasgow University School of Law in 2007 and spent four years working at Barclays Wealth and Barclays Capital in Glasgow, London and Singapore. Duncan is a CFA charterholder.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Hamish Baillie has managed this fund for 9 years and 8 months.

      Hamish Baillie A graduate of Trinity College Dublin, he joined the Ruffer Group in 2002. Founded and manages the Edinburgh office of Ruffer LLP and is a director of Ruffer (Channel Islands) Limited. He is a member of the Chartered Institute for Securities & Investment.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      30/06/2020

      30/06/2019

      30/06/2018

      30/06/2017

      30/06/2016

      30/06/2015

      Total Revenue 46.18 0.11 8.98 33.64 1.03 28.06
      Gross profit 42.01 -4.08 4.84 29.80 -2.44 24.51
      Operating Profit/Loss 41.62 -4.44 4.20 29.19 -3.00 23.94
      Profit Before Tax 41.62 -4.44 4.20 29.19 -3.00 23.94
      Profit After Tax 41.18 -4.96 3.73 28.77 -3.49 23.54
      Equity Holders of Parent Company 41.18 -4.96 3.73 28.77 -3.49 23.54
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      30/06/2020

      30/06/2019

      30/06/2018

      30/06/2017

      30/06/2016

      30/06/2015

      Total Non-Current Assets 401.00 390.22 358.67 346.63 325.50 314.30
      Total Current Assets 51.54 19.93 50.95 31.10 19.12 23.69
      Total Assets 452.54 410.15 409.62 377.73 344.62 337.98
      Total Liabilities 8.43 3.88 3.31 2.13 13.13 0.76
      Total Net Assets 444.11 406.28 406.31 375.60 331.48 337.22
      Shareholders Funds 444.11 406.28 406.31 375.60 331.48 337.22
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 444.11 406.28 406.31 375.60 331.48 337.22

      Investment involves risk. You may get back less than invested.