BMO Responsible UK Income 1

UK ethical investment fund with a focus on income.

  • 149.50p
    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.

  • 294.20p
    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!

  • 1.50%
    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).

  • 1.64%
    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.

  • 4.10%
    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 data last updated 27 June 2008

This fund's objective is to provide income and long-term capital growth via a portfolio of predominately UK equities that meet the fund's ethical screening criteria. The manager may also invest in other instruments such as corporate bonds and derivatives. Manager Catherine Stanley seeks to invest in companies making a positive contribution to society and the environment, while avoiding investments in companies with damaging or unsustainable business practices. To do this she uses both negative and positive screening, with "invest, avoid and improve" the key philosophy.

Fund summary

Sector UK Equity Income
Structure OEIC
Launched October, 1987
Size £345m
Yield 4.10%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.58%
  • 15/16 -0.18%
  • 16/17 0.40%
  • 17/18 0.96%
  • 18/19 -0.37%

Bestinvest MRI

  • 3 years 0.33%
  • 5 years 0.28%
  • Career 0.15%
  • 3 years 96.10%
  • 5 years 98.00%
  • Career 98.30%

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 14.9 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 30 August 2019

5.8% Hsbc Hldgs
5.4% Astrazeneca Plc
5.4% Glaxosmithkline
3.4% Unilever
3.3% Intermediate Capital Group
3.3% Vodafone Group
3% Experian Plc
2.7% Bhp Group Ltd
2.7% Legal & General Group
2.2% National Grid
Source: Trustnet

Sector breakdown

Financials 33.00%
Industrials 13.00%
Health Care 12.00%
Consumer Services 10.00%
Consumer Goods 8.00%
Others 7.00%
Fixed Interest 6.00%
Telecommunications 4.00%
Money Market 4.00%
Technology 4.00%

Portfolio

The portfolio may hold up to 20% of it assets within fixed income securities.

Key Investor Information - Income

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Key Investor Information - Accumulation

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