Fidelity UK Opportunities A

  • 0.00p
    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.

  • 0.00p
    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?

  • 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).

  • 1.85%
    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.

  • 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…

The fund aims to provide long-term capital growth by investing principally in the shares of UK companies.

Fund summary

Sector UK All Companies
Structure X-OEIC
Launched February, 2014
Size £1m
Yield 0.00%
Charging basis Income
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.85%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.23%
  • 16/17 0.40%
  • 17/18 0.28%
  • 18/19 -1.10%
  • 19/20 0.98%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years 0.16%
  • Career 0.15%
  • 3 years 67.70%
  • 5 years 81.30%
  • Career 99.00%

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

Leigh Himsworth

Born in 1968, Himsworth began his career in 1989 at Price Waterhouse where he trained as an accountant. After completing an MBA he joined Rensburg in 1995, initially in private client stockbroking before moving to fund management. From 1998-2000 he was a fund manager with Nestle UK Pension Trust, responsible for UK Mid Cap and Small Cap portfolios. On rejoining Rensburg in 2001 he took over the UK Mid Cap fund. In April 2006 he joined Royal London to manage the Mid Cap growth fund. In September 2009 he joined Gartmore as Head of UK Equities. In July 2011 he moved to Eden Financial.

Track record

Leigh Himsworth has 18.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from April 2017 - June 2019) there was a decline of 13% relative to the index. The worst absolute loss has been 45%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -45.00% (February 2001 - January 2003)
Relative -13.00% (April 2017 - June 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 29 February 2020

4.4% Astrazeneca Plc
4.3% Bp
3.3% Prudential Plc
3.1% Genus Plc
3% Vodafone Group
2.8% Anglo American
2.7% Liontrust Asset Management Plc
2.7% Serco Group Plc
2.7% Wh Smith Plc
2.6% Cranswick
Source: Trustnet

Sector breakdown

Financials 24.00%
Industrials 17.00%
Consumer Services 14.00%
Oil & Gas 12.00%
Health Care 12.00%
Basic Materials 7.00%
Consumer Goods 6.00%
Telecommunications 3.00%
Money Market 3.00%
Utilities 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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