ASI UK Equity Growth R

  • 315.70p
    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?

  • 4.00% 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).

  • 1.60%
    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.

  • 3.30%
    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 02 December 2020, fund data last updated 01 February 2002

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 1986
Size £95m
Yield 3.30%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.60%

Allocation

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Investment process

The aim is for investment performance to be consistently above the average fund in the IA UK All Companies Sector for periods of up to one year and to be in the top quartile of such funds for any longer periods.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.56%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Andrew Millington

Millington graduated with a BA in Modern History from Oxford University in 2004. He joined Baillie Gifford in the same year and is an investment manager in the UK Investment Team. Millington left Baillie Gifford in September 2008. Millington now works at Standard Life. As Acting Head of UK Equities, Andrew is responsible for the management of the UK Equity Team and performance. Andrew also looks after the management of the Corporate UK Equity Fund and several other UK equity segregated mandates.

Track record

The track record of Andrew Millington in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -23.00% (November 2007 - July 2008)
Relative -7.00% (December 2007 - June 2008)

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

6.4% Astrazeneca Plc
5.2% Glaxosmithkline
5% British American Tobacco
4.4% Reckitt Benckiser Group Plc
3.8% Bp
3.4% Relx Nv
3.1% Prudential Plc
3% Royal Dutch Shell Plc
2.8% Vodafone Group
2.4% Bhp Billiton Plc
Source: Trustnet

Sector breakdown

Financials 20.00%
Health Care 18.00%
Consumer Goods 15.00%
Consumer Services 11.00%
Basic Materials 9.00%
Oil & Gas 9.00%
Industrials 8.00%
Telecommunications 4.00%
Utilities 3.00%
Money Market 2.00%

Portfolio

A concentrated portfolio of 50-90 stocks are held.

Key Investor Information

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