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MAJEDIE UK OPPORTUNITIES B - Fund overview

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Overview of MAJEDIE UK OPPORTUNITIES B

Majedie are a relatively new UK equity fund management group, built around a team of four fund managers who had been on the Merrill Lynch UK Alpha institutional desk. Their retail fund is a focused, actively managed multi cap portfolio of UK equities. It is designed to leverage off the specialist expertise of the manager and the experience of a close-knit team of UK equity specialists. The aim is to achieve absolute returns and add value above the benchmark.

Standard Initial Charge

5.00% 5.00%

Fund summary

Sector	UK All Companies
Product type	OEIC
Launched	July, 2003
Size	£17m
Yield	0.9%
Charging basis	–
Dividends paid	–
Bid price	245.06p

Fund Charges

Standard Initial charge	5.00%
Initial charge via Bestinvest	5.00%
Additional bid/offer spread	0.00%
Annual management charge	1.00%
Total expense ratio	1.07%
Reduction in yield (10yr)	1.58%

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No information available.

Portfolio

majedie uk opportunities b asset allocation illustration

Allocation		Proportion

	Equity	94%
	High yield bonds	–
	Quality bonds	–
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	6%

majedie uk opportunities b equity geographic illustration

Allocation		Proportion

	UK	98%
	Europe	0%
	Nth America	1%
	Japan	0%
	Pacific	0%
	Other Equity	1%

majedie uk opportunities b equity capitalisation illustration

Allocation		Proportion

	Large Caps	29%
	Mid Caps	22%
	Small Caps	49%

View all performance data for MAJEDIE UK OPPORTUNITIES B

Investment process

The manager's remit is to maximise returns wherever they can be identified. To achieve this he identifies companies trading at 20-40% discount to his perception of their long-term worth. These companies are characterised by motivated management, good cash flow and the presence of a catalyst to narrow this value differential. Sector coverage is informally split between the four UK equity managers who comprise the Majedie team. The company structure is flat, with information and ideas openly shared amongst managers. A committee decision making process is deliberately avoided to ensure rapid execution of ideas.
The portfolio is initially structured around macro themes originating from team discussions or proprietary market models designed to capture cyclical drivers. Stock picking ideas will be driven by the manager and team's collective market experience and external sources. The fund might be described as pragmatic, in terms of value and growth investing, and contrarian in style.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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