BMO Select UK Equity 1

Invests across the FTSE All-Share.

  • 2824.00p
    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!

  • 1.50%
    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).

  • 1.78%
    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.

  • 1.40%
    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 18 September 2020, fund data last updated 01 February 2002

Fund summary

Sector UK All Companies
Structure OEIC
Launched April, 1970
Size £43m
Yield 1.40%
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 1.50%
Ongoing charges figure 1.78%

Allocation

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Investment process

The fund aims to provide capital growth from a broad spread of equities in the UK market. A pragmatic investment style is adopted, aiming to provide flexibility in responding to fast changing markets. Stocks selected are based on rigorous analyses conducted by R&SA's managers and analysts.

Manager research

Average monthly relative returns

  • 15/16 0.27%
  • 16/17 -0.46%
  • 17/18 0.14%
  • 18/19 -0.20%
  • 19/20 -0.61%

Bestinvest MRI

  • 3 years -0.22%
  • 5 years -0.17%
  • Career -0.15%
  • 3 years 28.80%
  • 5 years 31.20%
  • Career 34.80%

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

Tom Wilson

Track record

Tom Wilson has 5.4 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 March 2016 - August 2020) there was a decline of 14% relative to the index. The worst absolute loss has been 36%.

Periods of worst performance

Absolute -36.00% (December 2019 - March 2020)
Relative -14.00% (March 2016 - August 2020)

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

7.5% Astrazeneca Plc
6.4% Diageo
5.4% Glaxosmithkline
4.5% Unilever
4.4% Reckitt Benckiser Group Plc
4.2% Rio Tinto
3.9% Relx Plc
3.7% Bunzl
3.2% Dcc
3.1% National Grid
Source: Trustnet

Sector breakdown

Consumer Goods 20.00%
Financials 20.00%
Industrials 19.00%
Consumer Services 15.00%
Health Care 13.00%
Basic Materials 7.00%
Oil & Gas 3.00%
Utilities 3.00%

Portfolio

The portfolio holds 70-80 stocks. The mkt cap split is 70%-80% in FTSE 100, 15%-25% in Mid 250 stocks and under 5% in Small Caps.

Constraints

Strict risk controls are in place - maximum 2% deviation from All-Share weight for FTSE 100 stocks, and max 1% for Mid Caps.

Key Investor Information

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