BMO Managed Growth C

Fund of internal funds with around 50% invested in the UK.

  • 72.33p
    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.

  • 76.33p
    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).

  • 1.14%
    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.

  • 0.50%
    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 15 January 2021

Fund summary

Sector Flexible Investment
Structure OEIC
Launched November, 2015
Size £76m
Yield 0.50%
Charging basis
Dividends paid 31 Mar

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 1.14%

Allocation

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Investment process

The Fund aims to achieve medium to long term capital growth through investment in a selected portfolio of shares in other authorised and recognised collective investment schemes. The portfolio will usually consist of shares in other F&C collective investment schemes including securities companies and money market schemes covering a wide spread of domestic and international equity and fixed interest assets including an element of currency exposure. Collective investment schemes, securities companies and money markets schemes of other managers may be included from time to time as appropriate.

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 -0.64%
  • 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.

Paul Niven

Niven joined F&C in 1996, initially in a fund management role in Pacific Basin equities before moving on to the position of Investment Strategist in 1999. He assumed the position of Head of Strategy for ISIS in July 2002 and then for F&C in October 2004. He is now Head of Multi Asset Investment at F&C, as well as Chair of its Asset Allocation and Policy Implementation Committees. Niven holds a BA (Hons) in Accounting and Economics from the University of Strathclyde and an MPhil in Finance. He is an associate member of AIMR and a member of UKSIP.

Track record

The track record of Paul Niven 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 -21.00% (April 2007 - March 2009)
Relative -12.00% (April 2007 - March 2009)

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

20.3% Bmo North American Equity
19.2% Bmo Total Return Bond Fund
14.2% Bmo Ftse All Share Tracker
12.8% Bmo Select European Equity
9.8% Bmo Pacific Ex Japan Equity
8.4% Bmo Global Small Cap Equity
6.5% Japan Equity Fund Inc Usd0.01
4% Bmo Uk Equity Income Fund
3.2% Pacific Ex Japan Equity Etf
1.1% Bmo Sterling Liquidity Fund
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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