ASI UK Equity High Alpha R

Rebranded October 2007 - previously Growth & Income fund

  • 79.75p
    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.

  • 188.60p
    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).

  • 1.61%
    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.

  • 2.60%
    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 November 2020

Fund summary

Sector UK All Companies
Structure OEIC
Launched February, 1992
Size £73m
Yield 2.60%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

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 1.61%

Allocation

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Investment process

The fund's strategy is based on providing a balance between capital growth and income. The stock selection process aims to identify improving situations which are not fully recognised by the market. The manager uses a number of indicators including company visits, earnings momentum and traditional valuation measures.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 -0.54%
  • 19/20 -0.47%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.53%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 8.50%

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

Frederik Nassauer

Frederik Nassauer joined Standard Life Investments (now Aberdeen Standard Investments) in June 2015 from The Capital Group (World Investors), where he was an Equity Research Associate working with global equity portfolios. Prior to this, he held equity research and private equity positions at JP Morgan and Goldman Sachs. German MEng (Dipl.-Wi.-Ing.), UK MSc (Hons)

Track record

Frederik Nassauer has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.53%. During the worst period of relative performance (from April 2018 - March 2020) there was a decline of 18% relative to the index. The worst absolute loss has been 35%.

Periods of worst performance

Absolute -35.00% (May 2018 - March 2020)
Relative -18.00% (April 2018 - March 2020)

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

5.2% British American Tobacco
4.3% Royal Dutch Shell Plc
3.9% Glaxosmithkline
3.8% Astrazeneca Plc
3.8% Diageo
3.8% Prudential Plc
3.7% Reckitt Benckiser Group Plc
3.7% Bhp Billiton Plc
3.5% London Stock Exchange Group
3.4% Bp
Source: Trustnet

Sector breakdown

Consumer Goods 19.00%
Financials 15.00%
Consumer Services 14.00%
Industrials 13.00%
Health Care 13.00%
Oil & Gas 11.00%
Basic Materials 8.00%
Utilities 4.00%
Technology 2.00%
Money Market 1.00%

Portfolio

The fund will tend to hold between 70 and 110 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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