ASI American Equity Income P1

  • 92.65p
    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.

  • 102.00p
    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).

  • 0.94%
    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.

  • 1.60%
    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 17 September 2021

The fund aims to provide a combination of income and capital growth over the longer term by investing mainly in US equities. The fund may also have limited exposure to Canadian and Latin American equities. Government, corporate and other bonds may be used to supplement the income of the fund.

Fund summary

Sector North America
Structure OEIC
Launched June, 2016
Size £0m
Yield 1.60%
Charging basis Capital
Dividends paid 31 Jul, 31 Oct, 31 Jan, 30 Apr

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 0.94%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.34%
  • 17/18 -0.36%
  • 18/19 0.06%
  • 19/20 -0.23%
  • 20/21 -0.42%

Bestinvest MRI

  • 3 years -0.20%
  • 5 years -0.26%
  • Career -0.23%
  • 3 years 26.80%
  • 5 years 8.50%
  • Career 12.50%

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

Scott Eun

Eun joined Standard Life Investments in 2007. He has over 19 years' investment experience. He graduated with a BA in Economics from Harvard College in 1993, and completed an MBA at The Wharton School, University of Pennsylvania in 1998.

Track record

Scott Eun has 5.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.23%. During the worst period of relative performance (from July 2016 - July 2021) there was a decline of 16% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (January 2020 - March 2020)
Relative -16.00% (July 2016 - July 2021)

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.

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Top 10 holdings

Data accurate as at 30 June 2020

8.5% Microsoft Corp
5.9% Apple Inc
3.5% Mastercard Inc
3.4% Abbvie Inc
3% United Healthcare Ltd
2.6% Broadcom Corp
2.4% Bristol Myers Squibb Sa
2.4% Comcast Corp(New)
2.4% Verizon Communications Inc
2.3% Citigroup Inc
Source: Trustnet

Sector breakdown

Information Technology 27.00%
Health Care 17.00%
Industrials 10.00%
Financials 9.00%
Communications 8.00%
Consumer Staples 8.00%
Consumer Discretionary 7.00%
Money Market 6.00%
Real Estate 4.00%
Energy 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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