ASI Global Equity Income R Founder

Dividend-paying worldwide equity fund; fixed interest may also be used.

  • 85.86p
    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.

  • 291.70p
    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% 2.50%

    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!

  • 0.95%
    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).

  • 1.07%
    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.

  • 2.70%
    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 28 October 2020

Fund summary

Sector Global Equity Income
Structure OEIC
Launched May, 1986
Size £123m
Yield 2.70%
Charging basis Income
Dividends paid 31 Jan, 30 Apr, 31 Jul, 30 Nov

Charges

Standard initial charge 5.50%
Initial charge via Bestinvest 2.50%
Additional bid/offer spread 0.00%
Annual management charge 0.95%
Ongoing charges figure 1.07%

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Investment process

The fund's objective is to provide capital appreciation, investing in an actively managed portfolio. The Fund invests in an actively managed, concentrated portfolio of investments. A substantial part of the portfolio will normally be held in UK equities with the remainder in overseas equities and where appropriate tactical positions will be taken in fixed interest. Aiming to add value through both asset allocation and stock selection, the investment manager will focus assets where the house view identifies the best relative opportunities, with stock selection delegated to a specialist regions.

Manager research

Average monthly relative returns

  • 15/16 -0.54%
  • 16/17 -0.44%
  • 17/18 -0.75%
  • 18/19 0.25%
  • 19/20 -0.59%

Bestinvest MRI

  • 3 years -0.36%
  • 5 years -0.41%
  • Career -0.17%
  • 3 years 8.20%
  • 5 years 3.40%
  • Career 25.50%

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

Kevin Troup

Troup graduated with an MA from Aberdeen University in 1987. After a period working in Australia, he spent five years with Coopers & Lybrand where he qualified as a chartered accountant. He then held positions as Investment Analyst with Scottish Life and Director with Martin Currie Investment Management, before joining Standard Life Investments in 2010 as an Investment Director within the Global Equity team.

Track record

Kevin Troup has 8.8 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 August 2015 - September 2020) there was a decline of 23% relative to the index. The worst absolute loss has been 17%.

Periods of worst performance

Absolute -17.00% (July 2019 - March 2020)
Relative -23.00% (August 2015 - September 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 30 June 2020

6.3% Microsoft Corp
3% Vonovia Se
2.9% Taiwan Semiconductor Manufacturing
2.8% Enel Spa
2.8% Nestle Sa
2.7% Astrazeneca Plc
2.6% Abbvie Inc
2.5% Equinix Inc
2.4% Ping An Insurance(Gr)Co Of China
2.3% Nextera Energy Inc
Source: Trustnet

Sector breakdown

Information Technology 18.00%
Financials 14.00%
Health Care 14.00%
Industrials 11.00%
Consumer Staples 10.00%
Money Market 9.00%
Real Estate 7.00%
Utilities 7.00%
Communications 5.00%
Materials 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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