ASI (AAM) UK Smaller Companies A

A mid and small cap fund

  • 419.27p
    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!

  • 1.50%
    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).

  • 1.61%
    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.

  • 0.30%
    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…

Prices as at 21 September 2020

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched April, 1993
Size £83m
Yield 0.30%
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 1.50%
Ongoing charges figure 1.61%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The aim is to achieve capital growth with a moderate level of income from investment in UK companies which are not included within the 200 largest by market capitalisation.

Manager research

Average monthly relative returns

  • 15/16 0.55%
  • 16/17 0.19%
  • 17/18 1.19%
  • 18/19 0.29%
  • 19/20 1.98%

Bestinvest MRI

  • 3 years 1.15%
  • 5 years 0.84%
  • Career 0.43%
  • 3 years 99.30%
  • 5 years 99.70%
  • Career 100.00%

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

Harry Nimmo

Nimmo spent the early years of his career as a Land Surveyor working both in the UK and in Saudi Arabia. He obtained an MBA from Edinburgh University in 1984 and joined Standard Life as an investment analyst with responsibility for UK equity funds in 1985. He became senior investment analyst with sector responsibility for larger UK quoted company funds in 1990 and an investment manager in 1993, responsible for the UK equity smaller company funds. He is now head of smaller companies in Standard Life's UK Equity team.

Track record

Harry Nimmo has 23.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.43%. During the worst period of relative performance (from February 2009 - August 2009) there was a decline of 19% relative to the index. The worst absolute loss has been 42%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -42.00% (May 2007 - November 2008)
Relative -19.00% (February 2009 - August 2009)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

4.8% Games Workshop Group
4.8% Gamma Communications Plc
4.1% Kainos Group Plc
3.9% Hilton Food Group Plc
3.9% Future Plc
3.9% Discoverie Group Plc
3.3% Xp Power Ltd
3.2% Gb Group
3.2% Cranswick
2.8% Telecom Plus
Source: Trustnet

Sector breakdown

Industrials 21.00%
Information Technology 20.00%
Communications 15.00%
Consumer Discretionary 11.00%
Consumer Staples 7.00%
Financials 6.00%
Others 5.00%
Health Care 4.00%
Materials 4.00%
Utilities 3.00%

Key Investor Information

Download