The Munro Fund seeks to deliver the total return of the FTSE 350 index through its unique process of creating a tracker fund using forecast gross cash dividends to construct the portfolio.
This graph shows how important it is to reinvest dividends to get good returns from equity investing. Active managers focussing on capital growth are more likely to get a disappointing performance that is closer to the lower line on the graph. Even conventional market capitalisation tracker funds struggle to match their benchmarks.
What makes The Munro Fund unique is that it recognises the powerful forces that are captured by this graph and uses them in its own way to create a portfolio that maximises dividend income. The power of compound interest and maximising dividend income are demonstrated by the top line in the graph.
The fund was launched in September 2007 just as the financial world entered a period of exceptional turmoil. Despite that it has delivered returns that match the FT350 Index and provided a stable and rising income stream in the income units.
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The Latest Munro Fund Fact Sheet for the latest news and information regarding the fund.
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The Munro Fund does not:
- lend out stock
- use derivatives
- charge performance fees
Note that all graphics are for illustration only and that detailed fund performance can be accessed by following this link.