fund
Allianz UK Opportunities A
A multi-cap UK equity fund targeting capital growth.
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5118.13p
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.
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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?
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4.00% 0.00%
Initial chargeSome 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!
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1.25%
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).
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1.42%
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.
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1.30%
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…
The Fund aims to achieve capital growth by investing in all economic sectors of the UK.
Fund summary
| Sector | UK All Companies |
| Structure | OEIC |
| Launched | June, 2002 |
| Size | £94m |
| Yield | 1.30% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 4.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 1.25% |
| Ongoing charges figure | 1.42% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 15/16 -0.10%
- 16/17 0.49%
- 17/18 0.15%
- 18/19 -0.34%
- 19/20 0.07%
Bestinvest MRI
- 3 years -0.04%
- 5 years 0.05%
- Career 0.09%
- 3 years 53.60%
- 5 years 66.30%
- Career 86.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Matthew Tillett
Tillett joined Allianz Global Investors in 2006 as part of the Global Graduate Program. In 2007 he joined the Research Department as a pan-European media analyst. In 2008 he moved to portfolio management as part of the UK Equity Team. Prior to joining Allianz Global Investors, Tillett worked as an intern at Datamonitor and the Office for National Statistics. He graduated from Bristol university with a first class degree in Economics and Economic History. He also holds a masters (with distinction) in International Political Economy from the London School of Economics. Tillett holds the IMC and Chartered Financial Analyst designations.
Track record
Matthew Tillett has 10.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from January 2020 - March 2020) there was a decline of 15% relative to the index. The worst absolute loss has been 36%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 86%.
Periods of worst performance
| Absolute | -36.00% (December 2019 - March 2020) |
| Relative | -15.00% (January 2020 - March 2020) |
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 May 2020
| 4.67% | Capital Ltd |
| 4.55% | Imperial Brands Plc |
| 4.19% | British American Tobacco |
| 3.87% | Pan African Resources Plc |
| 3.84% | St James`S Place Plc |
| 3.68% | Stock Spirits Group Plc |
| 3.56% | Land Securities Group Plc |
| 3.46% | Ocean Outdoor Ltd |
| 3.37% | Tyman Plc |
| 3.17% | Palace Capital Plc |
| Source: Trustnet |
Sector breakdown
| Financials | 29.00% |
| Industrials | 21.00% |
| Consumer Goods | 18.00% |
| Basic Materials | 11.00% |
| Oil & Gas | 11.00% |
| Consumer Services | 9.00% |
| Utilities | 2.00% |
Key Investor Information