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fund

Aegon UK Smaller Companies B

Invests in the bottom 10% of the UK stockmarket by market capitalisation.

  • 489.20p
    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?

  • 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.

  • 0.70%
    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 09 April 2021

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched June, 2006
Size £273m
Yield 0.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
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 maximise total return, from capital and net income combined, by investing principally in UK companies which form the bottom 10% of the UK stock market based on their market capitalisation.

Manager research

Average monthly relative returns

  • 16/17 -0.47%
  • 17/18 1.08%
  • 18/19 -0.09%
  • 19/20 1.62%
  • 20/21 -0.83%

Bestinvest MRI

  • 3 years 0.23%
  • 5 years 0.26%
  • Career 0.17%
  • 3 years 73.90%
  • 5 years 85.30%
  • Career 95.40%

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

Elaine Morgan

Morgan joined Aegon in 1988 as a UK investment analyst, direct from Edinburgh University where she graduated with an MA in economics with law. She became a UK fund manager in 1992 with responsibility for the Smaller Companies Fund. In 1994 she took charge of their ethical fund range, which she ran for six years before becoming fund manager for the smaller companies funds in 2000. She is an associate of UKSIP.

Track record

Elaine Morgan has 14.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from January 2009 - July 2014) there was a decline of 21% relative to the index. The worst absolute loss has been 41%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 95%.

Periods of worst performance

Absolute -41.00% (October 2007 - November 2008)
Relative -21.00% (January 2009 - July 2014)

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 July 2020

4.7368% Gamma Communications Plc
4.2263% Gb Group
3.4758% Integrafin Holdings Plc
3.3282% Dechra Pharmaceuticals
3.1463% Team17 Group Plc
3.0466% Brewin Dolphin Hldgs
3.0054% Hilton Food Group Plc
2.9309%4 imprint Group Plc
2.604% S4 Capital Plc
2.4477% Knights Group Hldgs Plc
Source: Trustnet

Sector breakdown

Financials 24.00%
Industrials 22.00%
Consumer Services 13.00%
Consumer Goods 13.00%
Technology 11.00%
Health Care 8.00%
Telecommunications 5.00%
Basic Materials 2.00%
Oil & Gas 2.00%

Key Investor Information

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