Investment and Banking
Thornbury Building SocietyFund manager
Thornbury Cautious Managed
For savers who want steady income and smaller swings. About 60% is lent to the Government in gilts, the rest is in the five biggest companies and cash.
Open Cautious managed: Mostly gilts (government bonds), with some of the biggest companies and some cash.
Unit price (NAV)£3.0926Worked out 6 November 2026
Fund size£46,39115,000 units
Ongoing charge0.45% a yearTaken a little each day
Risk1234567Its price swings point to 7 (volatility 167.99% a year)
Performance
| A day | A week | 30 days | Since launch |
|---|---|---|---|
| +34.96% | +35.12% | Not known yet | +209.26% |
Past performance is not a guide to the future. The price can fall as well as rise.
Buy and sell units
Every deal is at the latest unit price (£3.0926), not the next one. There is no dealing fee or stamp duty on units. In a Stocks and Shares ISA there is no tax; in a General Investment Account capital gains tax applies when you sell at a gain, and distributions count as dividends.
Log in to buy units.
What it holds
| Holding | Amount | Price | Value | Of the fund |
|---|---|---|---|---|
| Cash Cash | £18,927 | 40.8% | ||
| Hopkins PLC Shares | 668 shares | £24 | £16,032 | 34.6% |
| UKOGB Treasury Gilt 4.00% 2026-10 Gilt, yield 2.71% | 114 units | £100.28 | £11,432 | 24.6% |
Charges and income
| Ongoing charge | 0.45% a year, kept by Thornbury Building Society |
| Charges taken so far | £7 |
| Income received (dividends and gilt interest) | £5,240 |
| Paid out to unit holders | £5,231 |
| Waiting to be paid out at the next weekly distribution | £9 |
| Money in (units bought), all time | £0 |
| Money out (units sold), all time | £0 |
Distributions
- 5 November 2026: £8 (£0.0005 a unit)
- 29 October 2026: £5,223 (£0.3482 a unit)
How it invests
- Keeps 5% as cash, about 60% in gilts, and the rest in up to 5 companies its style picks.
- Trades when a holding is more than 3% of the fund off its target, at most 2 orders every 24 hours.
- Last run 6 November 2026.
Recent activity
- 6 November 2026: Sold 0 of 443 Hopkins PLC shares at £24 (it holds £10,621 more than its target); the rest waits on the market
- 5 November 2026: Sold 0 of 1336 Hopkins PLC shares at £6 (it holds £8,016 more than its target); the rest waits on the market
- 5 November 2026: Paid a distribution of £8 to unit holders
- 4 November 2026: Sold 0 of 1530 Hopkins PLC shares at £6 (it holds £9,176 more than its target); the rest waits on the market
- 3 November 2026: Sold 0 of 1530 Hopkins PLC shares at £6 (it holds £9,176 more than its target); the rest waits on the market
- 2 November 2026: Sold 0 of 1530 Hopkins PLC shares at £6 (it holds £9,177 more than its target); the rest waits on the market
- 1 November 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,190 more than its target); the rest waits on the market
- 31 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,190 more than its target); the rest waits on the market
- 30 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,191 more than its target); the rest waits on the market
- 29 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,191 more than its target); the rest waits on the market
- 29 October 2026: Paid a distribution of £5,223 to unit holders
- 28 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,188 more than its target); the rest waits on the market
- 27 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,188 more than its target); the rest waits on the market
- 26 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,189 more than its target); the rest waits on the market
- 25 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,189 more than its target); the rest waits on the market
- 24 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,189 more than its target); the rest waits on the market
- 23 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,189 more than its target); the rest waits on the market
- 22 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,190 more than its target); the rest waits on the market
- 22 October 2026: Bought 27 of 27 units of UKOGB Treasury Gilt 4.00% 2026-10 at £100 (to bring gilts up to 60% of the fund (bought at issue))
- 22 October 2026: Sold 0 of 1532 Hopkins PLC shares at £6 (it holds £9,190 more than its target); the rest waits on the market