ASI MULTI MANAGER MULTI ASSET DISTRIBUTION PORTFOLIO I

Fund of external funds offering exposure to a variety of asset classes.

  • 118.30p Price (Inc)
  • 153.69p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.50% Annual management charge
  • 1.41% Ongoing charges
  • 3.60% Yield

Fund data last updated 15 November 2019

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched October, 2012
Size £34m
Yield 3.60%
Charging basis Capital
Dividends paid 31 Mar 30 Jun 30 Sep 31 Dec

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 1.41%

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Investment process

The investment objective of the Fund is to generate income payable quarterly and long term capital growth. Investments will be mainly in shares or units of collective investment schemes investing (directly or indirectly) in equities of fixed interest securities or pursuing an absolute return objective in any geographical area or sector. The Fund may include an indirect exposure to property with any geographical or sector focus. The Fund may also invest in other collective investment schemes (including unregulated schemes) and directly in transferable securities, money market instruments, near cash, cash and deposits. The Fund may also invest in derivatives for the purpose of delivering its investment objective.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
-0.08% -0.19% -0.12% -0.35% -0.04% -0.17% -0.16% -0.15% 39.70% 42.10% 43.60%

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 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.15%. 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 12%.

Periods of worst performance

Absolute -12.00% (May 2015 - September 2015)
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 August 2019

9.1% Jupiter Strategic Bond
9.1% Pimco Gis Global Investment Grade Credit Fund
9.1% Royal London Sterling Credit Fund
6.4% Royal London Uk Equity Income Fund
6.2% New Capital Ucits Fund Plc - New Capital Wealthy Nations Bond Fund
6% Bny Mellon U.s. Equity Income Fund
6% Ubam Sicav - Global High Yield Sol Ac
5.9% J O Hambro Capital Management Uk Umbrella Fund - Uk Equity Income Fund
5.4% Artemis Income R Acc
5.2% Threadneedle Investment Funds Icvc - Uk Equity Income Fund
Source: Trustnet

Sector breakdown

Others 88.00%
Financials 12.00%

Key Investor Documents

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