Growth and Core Funds Asset Allocation

These funds currently account for 24.4% of my investment accounts.

I’m using 18th June 2019 valuations as a starting point.

The largest holding is Smithson Investment Trust 30.03% at 1229p. Second is Findlay Park American 24.22% at USD 124.33 ( straightforward fund – not currency hedged). Third is Vanguard Dividend Appreciation ETF (VIG) 20.52% at USD 114.46. Fourth is Castlefield Buffettology Fund Institutional Income Class 15.92% at 325.73p. Fifth and last is Schwab US Dividend Equity ETF (SCHD) 9.31% at USD 53.06.

I should add that the two US Exchange Traded Funds are held in tax free accounts such as U.K. SIPPs and ISAs to avoid any unfavourable tax consequences which could occur on personal or trust accounts. As I am not prepared to research tax on these it is just easier to park the holdings in the tax free zones rather than argue the toss with HMRC (who will usually win because of technicalities like distributor status, etc.)

My non core fund holdings are gradually being liquidated, so it is most likely that additional core holdings will be added from time to time. Five is fine, and I do not think that I would want to hold more than eight.

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