fund
BMO Responsible UK Equity 2
Invests in UK companies whose products and operations are considered to be of long term benefit to the community at home and abroad.
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89.24p
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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381.30p
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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1.00% 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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0.79%
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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1.50%
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…
This fund aims to deliver long term capital growth and increasing income with the emphasis on growth through investment in a diversified portfolio of ethically screened UK companies.
Fund summary
| Sector | UK All Companies |
| Structure | OEIC |
| Launched | August, 2003 |
| Size | £435m |
| Yield | 1.50% |
| Charging basis | |
| Dividends paid | 31 Jan, 31 Jul |
Charges
| Standard initial charge | 1.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.79% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.33%
- 17/18 0.66%
- 18/19 0.64%
- 19/20 -0.22%
- 20/21 0.29%
Bestinvest MRI
- 3 years 0.24%
- 5 years 0.21%
- Career 0.15%
- 3 years 85.10%
- 5 years 92.40%
- Career 98.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Catherine Stanley
Stanley joined F&C in 2000 as a fund manager within the UK Smaller Companies team. Prior to joining F&C she spent nine years at Framlington, where she managed retail UK smaller company funds, including the Capital Trust. Stanley has an MA (Hons) in Geography from Oxford University, she is an associate of the UK Society of Investment Professionals and is a member of the CFA Society of the UK.
Track record
Catherine Stanley has 16.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from July 2008 - March 2010) there was a decline of 19% relative to the index. The worst absolute loss has been 53%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.
Periods of worst performance
| Absolute | -53.00% (May 2007 - February 2009) |
| Relative | -19.00% (July 2008 - March 2010) |
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
| 5.9% | Astrazeneca Plc |
| 4.1% | Glaxosmithkline |
| 3.9% | Experian Plc |
| 3.3% | Unilever |
| 3.1% | Rentokil Initial Plc |
| 2.8% | Avast Plc |
| 2.7% | Hsbc Hldgs |
| 2.5% | Intermediate Capital Group |
| 2.4% | Ferguson Plc |
| 2.3% | Computacenter |
| Source: Trustnet |
Sector breakdown
| Industrials | 29.00% |
| Financials | 17.00% |
| Health Care | 16.00% |
| Consumer Services | 12.00% |
| Consumer Goods | 7.00% |
| Technology | 7.00% |
| Basic Materials | 5.00% |
| Telecommunications | 3.00% |
| Utilities | 3.00% |
| Money Market | 1.00% |
Portfolio
60-75 holdings representing high conviction long term ideas.
Constraints
Due to the ethical constraints there are large parts of the index that are excluded from investment. Min stock weight 0.75%, Max 10%. Tracking error range 3-9%.