ASI Multi-Manager Cautious Managed Portfolio R

Fund of external funds aiming to provide an income.

  • 150.02p
    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.

  • 237.21p
    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).

  • 2.33%
    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.

  • 2.10%
    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 26 November 2020

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched August, 2001
Size £125m
Yield 2.10%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

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 2.33%

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Investment process

Fund of external funds. The investment objective of the Fund is to achieve income and capital growth by the adoption of a cautious investment approach. Up to 60% of the Fund will be invested in collective investment schemes which invest mainly in equities or which pursue a strategy mainly linked to equity investment. The Fund may also invest in other collective investment schemes including those which invest in fixed income holdings. The Fund may also invest directly in transferable securities, money market instruments, near cash, cash and deposits.

Manager research

Average monthly relative returns

  • 15/16 -0.24%
  • 16/17 -0.11%
  • 17/18 -0.56%
  • 18/19 0.12%
  • 19/20 0.24%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.11%
  • Career -0.08%
  • 3 years 59.10%
  • 5 years 52.40%
  • Career 60.30%

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

Aberdeen Multi Manager Team

Mark Harries, previously manager of the SWIP Multi-Manager Funds, joined SWIP in December 2007 and moved over to Aberdeen when they acquired SWIP in 2014. He previously worked at Cazenove as Director and Head of Multi-Manager Funds and prior to that worked 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. Simon Wood, previously manager of the SWIP Multi-Manager Funds, joined SWIP in December 2007 and also moved over to Aberdeen following their acquisition of SWIP in 2014.. He previously worked at Cazenove as a co-manager of the Multi-Manager Funds and M&G, and prior to that at AXA Investment Managers as Head of Discretionary Management.

Track record

Aberdeen Multi Manager Team has 6.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from June 2015 - March 2019) there was a decline of 12% relative to the index. The worst absolute loss has been 20%.

Periods of worst performance

Absolute -20.00% (December 2019 - March 2020)
Relative -12.00% (June 2015 - March 2019)

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 31 July 2020

10.4% Findlay Park Funds American Usd
9.6% Jupiter Strategic Bond
9.3% M&G Investment Funds 4 - Global Macro Bond Fund
7.8% Royal London Sterling Credit Fund
7.8% Pimco Gis Global Investment Grade Credit Fund
6.8% Lf Lindsell Train Uk Equity Fund
5.7% Blackrock European Dynamic Fund.
4.4% New Capital Wealthy Nations Bond Fund
4.1% Jo Hambro - Uk Dynamic Fund
3.6% Threadneedle Icvc - Uk Extended Alpha Fund
Source: Trustnet

Sector breakdown

Others 83.00%
Financials 17.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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