BMO Multi Manager Investment Trust 1

Aims to outperform the investment trust sector.

  • 321.00p
    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?

  • 5.00% 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!

  • 1.25%
    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).

  • 1.68%
    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.

  • 0.00%
    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 13 December 2019

Fund summary

Sector Flexible Investment
Structure OEIC
Launched October, 1985
Size £15m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.68%

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Investment process

The fund's aim is to outperform the Investment Trust sector. It invests mainly in investment trusts in the UK.

Manager research

Average monthly relative returns

  • 14/15 -0.48%
  • 15/16 -2.49%
  • 16/17 0.62%
  • 17/18 0.42%
  • 18/19 -1.17%

Bestinvest MRI

  • 3 years -0.04%
  • 5 years -0.62%
  • Career -0.18%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 37.10%

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

Peter Hewitt

Hewitt is a Director and Investment manager in F&C’s Global Equities team and is responsible for managing a number of investment trust fund of funds portfolios. Prior to rejoining the group (then Friends Ivory & Sime) in 1999, he spent two years as Head of UK Equities with Murray Johnstone. Between 1983 and 1996 he was an Investment Manager with Ivory & Sime, working initially in US team and from 1986 in the UK team, where he was responsible for a variety of pension fund and investment trust clients. Hewitt holds an honours degree in Economics from the Heriot Watt University.

Track record

Peter Hewitt has 10.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.18%. During the worst period of relative performance (from June 2007 - March 2009) there was a decline of 42% relative to the index. The worst absolute loss has been 31%.

Periods of worst performance

Absolute -31.00% (October 2007 - March 2009)
Relative -42.00% (June 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 28 June 2019

4.2% Scottish Mortgage Investment Tst
3.2% Bh Macro Eur
2.9% Baillie Gifford Monks Investment Trust Plc Ord 5p
2.9% Rcm Technologies Inc
2.8% Rit Capital Partners
2.7% Capital Gearing Trust Plc
2.6% Polar Capital Technology Trust Plc Ord 25p
2.5% Jupiter European Opportunities
2.5% Personal Assets Trust
2.4% Finsbury Growth & Income Trust Plc Ord 25p
Source: Trustnet

Key Investor Information

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