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SKANDIA HENDERSON UK & IRISH SMALLER COS PF - Fund overview

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Overview of SKANDIA HENDERSON UK & IRISH SMALLER COS PF

The fund aims to provide long-term capital growth by investing in UK and Irish smaller company shares. There are no formal portfolio constraints but the large number of holdings provides diversification. Despite the fund's name, Irish exposure has been very low in recent years. Previously a Garmore fund, this attracted a strong following under manager Gervais Williams, but he left Gartmore in 2010 and the new team are still building up a track record at Henderson.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  PENSION FUND
Launched  January, 2003
Size  £7m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 201.70p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 4.99%
Annual management charge
Total expense ratio
Reduction in yield (10yr) 0.51%

Bestinvest says


Previously a Garmore fund, this attracted a strong following under manager Gervais Williams, but he left Gartmore in 2010 and the new team are still building up a track record at Henderson.

Portfolio

skandia henderson uk & irish smaller cos pf asset allocation illustration
Allocation Proportion
Equity 101%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash -1%
skandia henderson uk & irish smaller cos pf equity geographic illustration
Allocation Proportion
UK 98%
Europe 2%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
skandia henderson uk & irish smaller cos pf equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 1%
Small Caps 99%

Investment process


The fund's stock universe comprises companies with a market capitalisation below £1bn, including AiM. Stocks in the portfolio are primarily sourced by the UK Smaller Companies team, comprising the two fund managers and two investment managers. However, ideas may also be supplied other Henderson teams and from external research.
The team believes that earnings are a core driver of share prices, and that identifying companies whose earnings can exceed market expectations is the key to adding value. They undertake around 1000 company meetings each year, evaluating businesses based on their market, company franchise within that market, management and their financial position (in particular balance sheet strength). They use this information to build proprietary fundamental models for each company, looking for those where their valuation differs from that of the market.

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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