BMO MM Navigator Balanced C

Fund of funds looking for balance between capital growth and reasonable income.

  • 86.99p
    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.

  • 96.87p
    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).

  • 1.63%
    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.

  • 1.20%
    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 20 January 2021

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched July, 2012
Size £75m
Yield 1.20%
Charging basis Capital
Dividends paid 31 May, 30 Nov

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 1.63%

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Investment process

The Fund’s investment objective is to achieve a balance between capital growth and reasonable income. The Fund is looking to invest in shares or units of regulated and/or unregulated collective investment schemes and/or closed ended funds. The Fund may also invest directly in transferable securities, money market instruments, warrants, deposits, near cash and cash. The Fund may utilise derivatives for hedging and efficient portfolio management purposes and as part of its investment policy. In seeking to achieve its investment objective and policy, the exposure of the Fund directly or indirectly to equities and equity related investments (including for these purposes convertible securities) is currently restricted to 85% with at least a 10% exposure maintained in Non-UK equities.

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 0.13%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 81.10%

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

Robert Burdett / Gary Potter

Burdett and Potter joined Thames River in August 2007 to head up long-only multi-manager team. Prior to this Gary Potter and Robert Burdett were co-heads of Credit Suisse Multi-Manager Portfolio Fund of Funds and were jointly responsible for the CSAMF Multi-Manager Funds established in August 2001. They joined CSAMF as Directors in June 2001 together with three colleagues from Rothschild Asset Management Ltd (RAM) where they were main board directors. At RAM, they were jointly responsible for a Multi-Manager business with approximately US$1.8bn under management. Potter has over 20 years investment experience, of which over ten have been involved with Multi-Manager, prior to which his responsibilities extended to private client fund management with specific focus on asset allocation and stock research. He is an associate member of the Securities Institute. Burdett has 16 years investment experience, over ten of which have been in the Multi-Manager field, and holds a diploma from The Securities Institute.

Track record

Robert Burdett / Gary Potter has 78.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.13%. During the worst period of relative performance (from February 2000 - December 2001) there was a decline of 81% relative to the index. The worst absolute loss has been 99%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 81%.

Periods of worst performance

Absolute -99.00% (February 2000 - January 2003)
Relative -81.00% (February 2000 - December 2001)

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

6.5% Findlay Park American Dollar Usd
6.3% Janus Henderson Strategic Bond I Acc
5.2% Liontrust Strategic Bond M Inc
5% Heronbridge Uk Equity A
4.6% Lf Lindsell Train Uk Equity Acc
4.4% Man Glg Undervalued Assets Prof Inc D Gbp
4.4% Memnon European U2 Gbp
4.2% Gvq Uk Focus I
4.1% Merian Uk Dynamic Equity R Gbp Inc
3.8% Legg Mason Wa Macro Opps Bond A Usd Dist
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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