ASI Multi Manager Multi Asset Distribution Portfolio I

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

  • 105.26p
    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.

  • 139.34p
    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).

  • 1.41%
    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.

  • 3.50%
    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 27 May 2020

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched October, 2012
Size £27m
Yield 3.50%
Charging basis Capital
Dividends paid 31 Mar 30 Jun 30 Sep 31 Dec

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 1.41%

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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

  • 15/16 -0.06%
  • 16/17 -0.25%
  • 17/18 -0.16%
  • 18/19 -0.31%
  • 19/20 0.07%

Bestinvest MRI

  • 3 years -0.14%
  • 5 years -0.14%
  • Career -0.12%
  • 3 years 47.20%
  • 5 years 44.80%
  • Career 49.60%

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 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. 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 January 2020

9.2% Royal London Sterling Credit Fund
9% Jupiter Strategic Bond
9% Pimco Gis Global Investment Grade Credit Fund
6.1% J O Hambro Capital Management Uk Umbrella Fund - Uk Equity Income Fund
6.1% Royal London Uk Equity Income Fund
6% New Capital Ucits Fund Plc - New Capital Wealthy Nations Bond Fund
6% Ubam Sicav - Global High Yield Sol Ac
5.9% Bny Mellon Investment Funds - Bny Mellon Us Equity Income Fund
5.3% Blackrock Continental European Income A Acc
5.2% Threadneedle Investment Funds Icvc - Uk Equity Income Fund
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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