Smith & Williamson ILEX Trust Acc

The Ilex Balanced Fund holds a diversified portfolio that actively balances between shares and various fixed interest securities, with shares making up between 40% and 85% of the investments. The fixed interest portion includes a mix of sovereign, investment grade, and non-investment grade bonds, mostly accessed through collective investment schemes. Additionally, the fund invests in convertible bonds, loan stock, warrants, ETFs, and other transferable securities to seek both income and long-term capital growth.