BMO US Smaller Companies 1

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

  • 2565.00p
    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).

  • 1.65%
    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 09 July 2020

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 £56m
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

  • 15/16 0.19%
  • 16/17 -0.29%
  • 17/18 -0.04%
  • 18/19 0.00%
  • 19/20 -0.54%

Bestinvest MRI

  • 3 years -0.19%
  • 5 years -0.14%
  • Career -0.12%
  • 3 years 34.80%
  • 5 years 39.70%
  • Career 40.90%

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 6.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from April 2016 - June 2020) there was a decline of 15% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (July 2019 - March 2020)
Relative -15.00% (April 2016 - June 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 January 2020

1.3% Portland General Electric Co
1.2% Performance Food Group Co
1.1% Medpace Hldgs Inc
1% Bmc Stock Hldgs Inc
1% Cathay General Bancorp
1% Cogent Communications Group Inc
1% Eastgroup Properties Inc
1% Itron Inc
1% Nmi Hldgs Inc
1% Walker & Dunlop Inc
Source: Trustnet

Sector breakdown

Health Care 21.00%
Industrials 18.00%
Information Technology 17.00%
Financials 15.00%
Consumer Discretionary 8.00%
Others 7.00%
Real Estate 6.00%
Utilities 3.00%
Consumer Staples 3.00%
Money Market 1.00%

Key Investor Information

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