fund
ASI UK Mid-Cap Equity I
Targets capital growth, primarily by investing in companies from the FTSE 250 index.
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219.91p
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.
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249.04p
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?
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0.00%
Initial chargeSome 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!
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0.75%
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).
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0.86%
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.
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0.70%
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…
The fund aims to achieve a combination of income and capital growth by investing mostly in companies that feature in the FTSE 250 index.
Fund summary
| Sector | UK All Companies |
| Structure | OEIC |
| Launched | October, 2012 |
| Size | £173m |
| Yield | 0.70% |
| Charging basis | Income |
| Dividends paid | 30 Apr, 31 Oct |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.86% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.23%
- 17/18 0.72%
- 18/19 0.11%
- 19/20 0.52%
- 20/21 0.77%
Bestinvest MRI
- 3 years 0.46%
- 5 years 0.38%
- Career 0.38%
- 3 years 87.70%
- 5 years 91.50%
- Career 91.50%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Abby Glennie
Glennie joined the UK Smaller Companies team in January 2016. She has been at Standard Life Investments since February 2013, on the UK Larger Companies team, where she ran funds with a variety of UK Equity mandates, and had sector responsibilities including Technology, Non-Life Insurance and Healthcare. Previously she worked on the UK Equities team at Kames Capital, which she joined as a graduate in 2007. Glennie has a First Class Joint Honours degree in Economics and Finance from The University of Aberdeen.
Track record
Abby Glennie has 5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.38%. During the worst period of relative performance (from October 2020 - December 2020) there was a decline of 9% relative to the index. The worst absolute loss has been 28%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 92%.
Periods of worst performance
| Absolute | -28.00% (December 2019 - March 2020) |
| Relative | -9.00% (October 2020 - December 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 31 July 2020
| 4.8% | Kainos Group Plc |
| 4.4% | Games Workshop Group |
| 4% | Gamma Communications Plc |
| 3.8% | Keywords Studios Plc |
| 3.4% | Hilton Food Group Plc |
| 3.3% | Computacenter |
| 3.2% | Future Plc |
| 3.1% | Aveva Group |
| 3% | Cranswick |
| 2.9% | Team17 Group Plc |
| Source: Trustnet |
Sector breakdown
| Information Technology | 24.00% |
| Industrials | 13.00% |
| Consumer Discretionary | 13.00% |
| Communications | 13.00% |
| Financials | 9.00% |
| Consumer Staples | 7.00% |
| Real Estate | 5.00% |
| Materials | 5.00% |
| Health Care | 5.00% |
| Mutual Funds | 4.00% |