fund
Castlefield B.E.S.T Sustainable UK Smaller Companies General
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698.17p
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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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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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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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.
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0.10%
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…
The fund's objective is to achieve long term capital growth ahead of the UK Smaller Companies sector average. In seeking to achieve the objective, the Investment Adviser uses a responsible investment research process to identify the universe of securities from which the Fund may invest. The four criteria that need to be evidenced by each investment are reflected in the name of the Fund where “B.E.S.T” indicates Business & financial, Environmental & ecological, Social and Transparency & governance.
Fund summary
| Sector | UK Smaller Companies |
| Structure | OEIC |
| Launched | June, 2007 |
| Size | £18m |
| Yield | 0.10% |
| Charging basis | |
| Dividends paid | Nov & May |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.65% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.16%
- 17/18 0.96%
- 18/19 -0.33%
- 19/20 1.12%
- 20/21 -0.15%
Bestinvest MRI
- 3 years 0.21%
- 5 years 0.35%
- Career 0.09%
- 3 years 85.30%
- 5 years 97.80%
- Career 91.30%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Alistair Currie
Before joining Edinburgh in 1990, Alistair trained as a Chartered Accountant for Peak Marwick (now KPMG) and then worked for USM. He headed the group's 6-strong UK Smaller Cos team and was responsible for £900 million (15% of total group funds). In February 2003 he was made redundant from Edinburgh, and in October 2003 he joined Premier Asset Management.
Track record
Alistair Currie has 30.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from February 2000 - December 2006) there was a decline of 71% relative to the index. The worst absolute loss has been 84%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 91%.
Periods of worst performance
| Absolute | -84.00% (February 2000 - February 2009) |
| Relative | -71.00% (February 2000 - December 2006) |
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
| 4.44% | Inspired Energy Plc |
| 4.17% | Gresham House Plc Ord 25p |
| 3.97% | Strix Group Plc |
| 3.81% | Ekf Diagnostics Holdings Plc |
| 3.79% | Macfarlane Group |
| 3.78% | Augean |
| 3.41% | Inspiration Healthcare Group Plc |
| 3.32% | Ab Dynamics Plc |
| 3.2% | Tristel Plc |
| 3.09% | Omg Plc |
| Source: Trustnet |
Sector breakdown
| Industrials | 28.00% |
| Health Care | 17.00% |
| Technology | 16.00% |
| Financials | 13.00% |
| Money Market | 7.00% |
| Consumer Goods | 7.00% |
| Consumer Services | 6.00% |
| Utilities | 3.00% |
| Support Services | 2.00% |
| Chemicals | 1.00% |
Portfolio
This fund normally holds between 40-50 positions in its portfolio.
Key Investor Information