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UNICORN UK SMALLER COMPANIES B - Fund overview

Bestinvest rating Unrated


Overview of UNICORN UK SMALLER COMPANIES B

This is a concentrated fund with an emphasis on value investing. The manager often invests in recovery stocks trading at large discounts to their true worth. Webb's contrarian style can lead to periods of underperformance.

Standard Initial Charge

5.50% 0.50%

Fund summary

Sector  UK Smaller Companies
Product type  OEIC
Launched  July, 2002
Size  £1m
Yield 0.2%
Charging basis  –
Dividends paid  –
Cofunds  No
FundsNetwork  No
Bid price 191.84p 0.92p

Fund Charges

Standard Initial charge 5.50%
Initial charge via Bestinvest 0.50%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Total expense ratio 1.44%
Reduction in yield (10yr) 1.49%

Portfolio

unicorn uk smaller companies b asset allocation illustration
Allocation Proportion
Equity 95%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 5%
unicorn uk smaller companies b equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
unicorn uk smaller companies b equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 3%
Small Caps 97%

Investment process


The aim is to produce capital growth by investing in a portfolio of UK listed smaller companies. The benchmark for the fund is the Hoare Govett Smaller Companies index.
The manager invests in a focused portfolio of stocks aiming to identify good quality companies ahead of an improvement, that is, at a point in their business cycle where their true worth is not fully recognised by the stockmarket. Favoured company characteristics include: experienced and well-motivated management; good cash generation to finance ongoing development allied with a progressive dividend policy and sound operational and financial controls.

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