ASI UK Opportunities Equity P1

UK small and mid cap fund with with relatively low volatility.

  • 129.50p
    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.

  • 137.70p
    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!

  • 0.75%
    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).

  • 0.91%
    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.

  • 0.30%

    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 January 2022, we don’t currently provide commentary on this fund.

The Fund aims to provide long term growth by investing predominantly in the shares of small and medium sized companies listed on the UK stock market. The fund may also invest in larger UK companies.

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 2012
Size £181m
Yield 0.30%
Charging basis Income
Dividends paid 30 Apr, 31 Oct


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 0.91%


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Investment process

Manager research

Average monthly relative returns

  • 17/18 1.04%
  • 18/19 -0.14%
  • 19/20 0.31%
  • 20/21 1.88%
  • 21/22 -0.50%

Bestinvest MRI

  • 3 years 0.56%
  • 5 years 0.52%
  • Career 0.37%
  • 3 years 92.10%
  • 5 years 97.10%
  • Career 93.50%

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 5.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.37%. During the worst period of relative performance (from October 2020 - March 2021) there was a decline of 14% 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 94%.

Periods of worst performance

Absolute -28.00% (December 2019 - March 2020)
Relative -14.00% (October 2020 - March 2021)

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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 December 2021

3.9414% Impax Asset Management Group Plc
3.9269% Future Plc
3.8845% Kainos Group Plc
3.4474% Auction Technology Group Plc
3.0929% Keywords Studios Plc
3.0338% Bytes Technology Group Plc
2.595% Computacenter
2.535% Team17 Group Plc
2.3109% Molten Ventures Plc
2.2568% Rws Hldgs
Source: Trustnet

Sector breakdown

Consumer Discretionary 23.00%
Technology 23.00%
Industrials 15.00%
Financials 14.00%
Consumer Staples 7.00%
Health Care 5.00%
Basic Materials 4.00%
Real Estate 4.00%
Telecommunications 3.00%
Others 1.00%


A focused portfolio of around 60 to 70 stocks.


Maximum holding of 5% in an individual stock and no more than 10% in AIM companies.

Key Investor Information - Income


Key Investor Information - Accumulation