ASI MM Diversity D

Growth orientated fund of funds.

  • 151.44p
    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!

  • 0.50%
    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).

  • 1.51%
    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.

  • 1.30%
    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 20 January 2021

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched May, 2012
Size £0m
Yield 1.30%
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 0.50%
Ongoing charges figure 1.51%

Allocation

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Investment process

The fund is looking to invest in a portfolio of collective investment schemes. It is looking to invest in a wide range of asset classes including equities, bonds, cash, commodities, property and funds of hedge funds.

Manager research

Average monthly relative returns

  • 16/17 -0.13%
  • 17/18 -0.58%
  • 18/19 -0.36%
  • 19/20 -0.10%
  • 20/21 0.12%

Bestinvest MRI

  • 3 years -0.11%
  • 5 years -0.21%
  • Career -0.05%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 85.50%

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

Mark Harries / Simon Wood

Harries, Manager of the SWIP Multi-Manager Funds, joined SWIP in December 2007. He previously worked at Cazenove as Director and Head of Multi-Manager Funds and prior to that at Prudential Bache International Bank as a Vice President and Head of Asset Management. Harries is a Fellow of the Securities Institute and an Associate of the Chartered Institute of Bankers. Wood, Manager of the SWIP Multi-Manager Funds, joined SWIP in December 2007. He previously worked at Cazenove as a co-manager of the Multi-Manager Funds for Cazenove and M&G and prior to that at AXA Investment Managers as Head of Discretionary Management.

Track record

Mark Harries / Simon Wood has 11.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from February 2009 - August 2014) there was a decline of 21% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (May 2007 - February 2009)
Relative -21.00% (February 2009 - August 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

8.9% M&G Investment Funds 4 - Global Macro Bond Fund
8.5% Royal London Sterling Credit Fund
8.4% Jupiter Strategic Bond
8.3% Pimco Gis Global Investment Grade Credit Fund
8.2% Findlay Park Funds American Usd
6.9% Janus Henderson Uk Absolute Return Fund
6.9% Fundsmith Equity Fund
6.2% Payden - Absolute Return Bond Fund
5.4% New Capital Wealthy Nations Bond Fund
5.2% Lf Lindsell Train Uk Equity Fund
Source: Trustnet

Sector breakdown

Others 83.00%
Financials 17.00%

Key Investor Information

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