BMO US Smaller Companies 1

Aims for long term growth from small and mid sized US companies.

  • 2963.00p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.65% Ongoing charges
  • 0.00% Yield

Prices as at 06 December 2019

The fund's objective is to provide capital growth. The Fund Manager, Nish Patel, seeks to achieve the objective by investing predominantly in a diversified spread of equities of US smaller and medium sized companies.

Fund summary

Sector North American Smaller Cos
Structure OEIC
Launched August, 1983
Size £70m
Yield 0.00%
Charging basis Income
Dividends paid 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 1.65%

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Investment process

The Fund aims to achieve long term capital growth through investment in smaller and medium sized quoted companies in the USA.

Manager research

Average monthly relative returns

  • 14/15 -0.20%
  • 15/16 0.03%
  • 16/17 -0.32%
  • 17/18 0.10%
  • 18/19 0.10%

Bestinvest MRI

  • 3 years -0.04%
  • 5 years -0.06%
  • Career -0.02%
  • 3 years 54.80%
  • 5 years 52.00%
  • Career 58.30%

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

Nish Patel

Patel joined F&C in November 2007. Prior to this, he worked at Deloitte in their telecommunications, media and technology audit division for three years. Prior to this he interned at Goldman Sachs. Patel graduated from University College London with a BSc in Economics and is a Chartered Accountant and CFA Charterholder.

Track record

Nish Patel has 5.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.02%. During the worst period of relative performance (from April 2016 - September 2017) there was a decline of 10% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (August 2018 - December 2018)
Relative -10.00% (April 2016 - September 2017)

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.

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Top 10 holdings

Data accurate as at 28 June 2019

1.3% Novocure Ltd
1.2% Portland General Electric Co
1.1% Performance Food Group Co
1.1% Sps Commerce
1.1% Unifirst Corp
1.1% American Assets Trust Inc Usd0.01
1.1% Cogent Communications Group Inc
1.1% Deckers Outdoor Corp
1.1% Herman Miller Inc Ord
1% Insight Enterprise Inc
Source: Trustnet

Sector breakdown

Financials 22.00%
Industrials 20.00%
Health Care 18.00%
Technology 14.00%
Consumer Services 10.00%
Consumer Goods 8.00%
Utilities 3.00%
Money Market 3.00%
Oil & Gas 2.00%
Others 2.00%

Key Investor Information

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