Quality Shares Portfolio
The Quality Shares Portfolio, managed by Charlie Huggins and exclusively available through Wealth Club, is a portfolio specifically designed for people who are genuinely interested in investing.
It's a portfolio of 15-20 global businesses chosen for their resilience, financial strength and pricing power – see examples.
It is profoundly different from any other investment you might hold in two key respects. The first is the level of information, insight and transparency it provides (you can see an example investor update here). The second is in the investing approach itself – see detailed investment philosophy.
The minimum investment is normally £10,000 and you can apply online through:
- an ISA (Individual Savings Account) – subscriptions and transfers
- a SIPP (Self Invested Personal Pension) – subscriptions (minimum investment £8,000) and transfers
- a GIA (General Investment Account) – subscriptions only
Please note: as the portfolio invests in equities, it should be considered high risk and held for the long term.
Find out about Charlie’s track record, investment philosophy and more
Invest now – lump sum or transfer
Please read all the offer information first
The Quality Shares Portfolio in a nutshell – from Portfolio Manager Charlie Huggins
The Quality Shares Portfolio invests in a small number of companies I consider exceptional (you can read in detail what I mean by that), with my own money invested alongside yours.
I have followed and admired these companies for years. They’re the type of businesses where you can bury the share certificate in a drawer, dig it out 10 years later and, hopefully, find the profits and cash flows are materially higher.
Once you invest, you can see the full list of all companies with notes on why they are there – to get a flavour of what to expect, you can see five examples here.
What makes the Quality Shares Portfolio different?
The Quality Shares Portfolio is profoundly different from any other investment you might hold in two key respects.
1. Unparalleled level of information, insight and transparency
The Quality Shares Portfolio is designed for investors who are genuinely interested in companies and markets and are seeking investing ideas and insights.
When you invest, I tell you what I am doing with your money and why. I offer my unvarnished views on companies and markets. I share investment ideas and principles that you can apply to the rest of your portfolio.
No other investment service offers this. Most funds give you a list of the top 10 holdings, alongside a monthly factsheet with little, if any, commentary. You rarely know detailed reasons behind the manager’s decisions, or why the portfolio is performing as it is. And you hardly ever get insights that can be applied more widely.
When you invest in the Quality Shares Portfolio, you gain access to an ‘Investor zone’. Here you can see a full list of every holding, with explanations on why I own it and how it scores against four crucial criteria in my investing checklist.
In addition, every month, you receive an update on the portfolio. These updates are detailed (several pages) and cover my views on the portfolio, companies, market developments and other timely topics – like inflation and artificial intelligence.
You can see a sample here, with snippets from past investor updates.
2. A distinct investment approach
The investment industry is notoriously short-term. The Quality Shares Portfolio adopts a patient, long-term approach. Most funds are excessively diversified, crowd into the same names and are subject to various constraints. This portfolio currently invests in just 15 holdings and can go anywhere in search of the best opportunities.
This could complement an existing investment portfolio. The key differences are summarised below:
|What you get with most funds||What you get with this portfolio|
|Top 10 holdings with limited commentary||Every holding, regular and detailed communication, insights and ideas|
|Short-term decision making||A patient, long-term approach|
|Excessive diversification (50+ positions)||High conviction (15-20 positions)|
|Same names – e.g. Amazon, Alphabet, Unilever||Many niche, under-the-radar market leaders|
|Benchmark and liquidity constraints||Very few restrictions|
|Units in a unit trust or OEIC||Direct share ownership|
Where is your money invested?
The Quality Shares Portfolio currently invests in 15 companies.
All are highly established industry leaders providing critical goods and services, with market capitalisations ranging from several billion dollars to over a trillion.
Market capitalisation breakdown (%)
As at market close, 23 October 2023. Market caps are subject to fluctuations.
For more on how I choose companies – see my investment philosophy.
Six are FTSE 100 companies – but generate most of their sales overseas; seven are listed in the US; one in Canada and one in the Netherlands.
The portfolio provides a good spread of sectors, as you can see below. Importantly, each company is well diversified in its own right – for example, Roper Technologies is home to around 30 separately managed businesses.
Portfolio breakdown by sector
These sectors reflect my understanding of what each company does and may differ from standard sector classifications. Sector breakdown based on invested assets.
What are the charges?
There is no initial charge when you invest, and dealing fees of just 0.1%. An annual custody charge of 0.25% and an annual management charge of 1% apply. If you invest via the Wealth Club SIPP, there is also an annual charge of £75 plus VAT. You can read more about the charges and other details in the Portfolio Overview.
Invest now – lump sum or transfer
Please read all the offer information first
Charlie’s track record
Charlie has a five-year performance track record, as lead manager of the HL Select UK Growth Shares Fund from launch (1 December 2016) to his departure. Over that period it was one of the UK’s best-performing funds, ranking 26th out of 209 funds in the sector, although please remember past performance isn't a guide to future returns.
Charlie applies a similar investment philosophy to the Quality Shares Portfolio, but with three key differences:
- It is more concentrated, which increases risk
- It invests globally (North America, UK and Europe)
- It has fewer constraints and restrictions
HL Select UK Growth Shares Fund: performance under Charlie’s tenure (%)
|Annual Performance Growth||01/12/2016-01/12/2017||01/12/2017-01/12/2018||01/12/2018-01/12/2019||01/12/2019-01/12/2020||01/12/2020-01/12/2021|
|HL Select UK Growth Shares (Acc)||22.0%||2.2%||15.6%||1.7%||12.2%|
|IA UK All Companies||15.3%||-3.2%||12.4%||-6.3%||18.0%|
Past performance is not a guide to the future. Performance is shown net of fees on a bid-to-bid basis, with dividends reinvested. Source: Morningstar, 01/12/2016 to 01/12/2021. Charlie managed the fund from launch until he resigned in the latter part of 2021.
Register your interest
Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.
- Discretionary Share Portfolio
- Minimum investment
- Initial charge
- Annual custody charge
- Annual management charge
- Next deadline
- 3 Jan 2023 (5pm)