ASI UK Equity Unconstrained P1

  • 125.00p
    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?

  • 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!

  • 1.00%
    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).

  • 1.15%
    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.

  • 0.20%
    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 30 November 2021, fund data last updated 27 May 2014

The fund aims to provide long term capital growth by investing in UK equities. Unusually, the official benchmark is the FTSE 350 equally weighted index, though the fund generally has a bias to medium sized companies. This is a high conviction portfolio which typically has a high weighting to the Standard Life UK equity team’s best ideas (the “Winners List” comprised of 20 stocks), but the manager also sources ideas from his own broker contacts.

Fund summary

Sector UK All Companies
Structure OEIC
Launched
Size £459m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.15%

Allocation

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Investment process

The fund is officially benchmarked against the equally weighted FTSE 350 index – the manager believes size weighted indices lead to excessive focus on larger companies – but the portfolio is relatively unconstrained and small cap companies may also feature. The investment process is built around Standard Life's Focus on Change philosophy - the belief that with changes in company earnings or investor sentiment driving share prices, identifying such changes ahead of the market is the key to outperformance. Portfolio companies are sourced from a combination of the UK equity team's best ideas, summarised in its Winners List (c.20 stocks), and the manager's own contacts. McCoy meets the management of all portfolio companies. Standard Life's proprietary UK stock Matrix, a quantitative scoring system, assists in identifying potential investment opportunities. The fund is pragmatic in style, which the manager believes gives him the opportunity to perform throughout the cycle.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Consumer Discretionary 27.00%
Financials 24.00%
Industrials 11.00%
Health Care 11.00%
Technology 8.00%
Basic Materials 6.00%
Energy 5.00%
Others 4.00%
Consumer Staples 2.00%
Real Estate 2.00%

Portfolio

40-60 stocks.

Key Investor Information

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