DUNEDIN SMALLER COMPANIES IT

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    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?

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    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!

  • 0.40%
    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).

  • 0.82%
    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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    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…

This fund is managed by Ed Beal of Aberdeen and he invests the fund in small companies, and / or companies investing in technology or venture and development capital stocks.

Fund summary

Sector UK Smaller Companies
Structure X-INVESTMENT TRUST
Launched
Size £142m
Yield 0.00%
Charging basis
Dividends paid Jan, Jul

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.40%
Ongoing charges figure 0.82%

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Investment process

To objective of this fund is to provide shareholders with medium to long term capital growth by investing in a portfolio of predominantly UK smaller companies which have the potential to increase their value either by delivering on a growth business plan or by structural, corporate or shareholder change. Using an active management style, the managers seek stocks where value can arise - especially in emerging and mature companies. The fund is benchmarked against the AIC Smaller Companies Index.

Manager research

Average monthly relative returns

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  • 15/16 0.00%
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  • 18/19 0.00%

Bestinvest MRI

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  • Career 0.00%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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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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Portfolio

The fund manager invests in c.70 stocks with the top 10 making up approximately 25% of the fund. c.50% of the fund is invested in stocks with a market capitalisation below £300m.

Key Investor Information

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