ES River and Mercantile UK Dynamic Equity B

Concentrated multi-cap portfolio, primarily of UK equities.

  • 513.95p
    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?

  • 5.25% 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!

  • 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).

  • 0.85%
    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.

  • 1.70%
    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 15 January 2021

The investment objective of the Fund is to achieve capital growth, through investing in a concentrated portfolio which will primarily consist of UK equities. The Fund will not be restricted by reference to a benchmark, sector constraints or company size.

Fund summary

Sector UK All Companies
Structure OEIC
Launched November, 2012
Size £58m
Yield 1.70%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.85%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.24%
  • 20/21 0.45%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.01%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 60.30%

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

William Lough

Lough has spent his entire career at R&M after joining straight from university in 2009 and has been a key figure in supporting the development of the equity team's PVT [Potential, Value, Timing] philosophy, which is designed to systematically unearth investment anomalies and ensure they are sensibly applied to client portfolios in a way that maximises returns and minimises risk. William Lough manages the multi-cap R&M UK Dynamic Equity Fund.

Track record

William Lough has 2.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from February 2018 - July 2019) there was a decline of 10% relative to the index. The worst absolute loss has been 27%.

Periods of worst performance

Absolute -27.00% (December 2019 - March 2020)
Relative -10.00% (February 2018 - July 2019)

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

4.1508% Unilever
3.8144% Prudential Plc
2.9193% Anglo American
2.9168% Tesco
2.9159% Glaxosmithkline
2.8958% Sanofi
2.7966% Barrick Gold Corp
2.7798% Vodafone Group Plc
2.705% Helios Towers Plc
2.6761% Centamin Plc
Source: Trustnet

Sector breakdown

Industrials 16.00%
Financials 16.00%
Materials 16.00%
Health Care 11.00%
Consumer Staples 9.00%
Information Technology 8.00%
Consumer Discretionary 8.00%
Communications 5.00%
Energy 4.00%
Real Estate 4.00%

Portfolio

40-60 stocks.

Constraints

Stock limit of 7.5%, sector limit of 25%. There is a 10% soft limit on cash.

Key Investor Information

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