Aegon Sustainable Equity B

Aims to exploit special investment situations throughout the world

  • 333.56p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.50% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.88%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021

Fund summary

Sector Global
Structure OEIC
Launched October, 1987
Size £112m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.88%

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Investment process

The primary investment objective is to provide capital growth by exploiting special investment situations and opportunities throughout the world by investing globally.

Manager research

Average monthly relative returns

  • 16/17 -0.11%
  • 17/18 0.83%
  • 18/19 -0.87%
  • 19/20 0.16%
  • 20/21 0.72%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.15%
  • Career 0.04%
  • 3 years 56.40%
  • 5 years 75.20%
  • Career 73.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Craig Bonthron / Neil Goddin

Bonthron is an investment manager in the Aegon Equities team, responsible for co-managing global equities portfolios. He joined Aegon in 2014 from SWIP, where he was investment director in global equities and was the joint fund manager of the SWIP Global Sustainable Equity Fund and the SWIP Global Islamic Equity Fund. In addition, he also has analysis responsibilities for the tech, energy and utility sectors. Prior to SWIP, he was a portfolio manager at Kleinwort Benson Investors, a member of the global environmental equity team, and co-manager of the KBI Global Water Fund. Bonthron has a 1st Class honours degree in Building Surveying and a MSc with Distinction in Business Information Technology Systems from Strathclyde Business School. Prior to joining Aegon, Neil Goddin was Head of Investment Risk at LV Asset Management and before that, he worked for WestLB Mellon Asset Management and Deutsche Asset Management in various risk-management roles. Goddin joined Aegon in September 2012, where he took the responsibility for developing Aegon’s screening and portfolio construction capabilities as Head of the Quant Equity Research team. Shortly after joining in 2012, he became involved in the management of the Aegon Global Equity Fund and assisted in designing its new investment approach. He was then named co-manager of the Fund in October 2014 to reflect his participation and contribution since 2012. Goddin also co-manages the Aegon Global Sustainable Equity Fund (launched April 2016) and the Aegon Global Equity Market Neutral Fund (launched June 2016). He has 19 years’ industry experience and is a Certified Risk Manager by the Global Association of Risk Professionals.

Track record

Craig Bonthron / Neil Goddin has 8.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.04%. During the worst period of relative performance (from August 2018 - October 2019) there was a decline of 16% relative to the index. The worst absolute loss has been 22%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 74%.

Periods of worst performance

Absolute -22.00% (August 2018 - March 2020)
Relative -16.00% (August 2018 - October 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 January 2020

4.1521% Ansys Inc
3.4588% Auto Trader Group Plc
3.3921% Amdocs Ltd
3.2905% Church & Dwight
3.0487% Tetra Tech Inc
2.9732% Kingspan Group
2.9366% Cochlear
2.9277% Burlington Stores Inc
2.9237% Geberit Ag
2.4619% Marketaxess Hldgs Inc
Source: Trustnet

Sector breakdown

Information Technology 26.00%
Industrials 24.00%
Consumer Discretionary 16.00%
Health Care 11.00%
Consumer Staples 7.00%
Financials 6.00%
Money Market 5.00%
Communications 4.00%
Materials 1.00%

Key Investor Information

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