Fidelity UK Select A

A multi cap UK equity fund targeting long-term capital growth.

  • 324.60p
    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?

  • 3.50% 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).

  • 1.71%
    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.

  • 0.80%
    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 11 December 2019, fund data last updated 10 June 2005

The fund aims to provide long-term capital growth through investment primarily in the shares of UK companies. The portfolio is likely to have a bias towards medium and smaller-sized companies.

Fund summary

Sector UK All Companies
Structure OEIC
Launched November, 1987
Size £496m
Yield 0.80%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 3.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.99%
  • 15/16 -0.27%
  • 16/17 -0.02%
  • 17/18 -0.06%
  • 18/19 0.34%

Bestinvest MRI

  • 3 years 0.09%
  • 5 years 0.19%
  • Career 0.15%
  • 3 years 81.30%
  • 5 years 91.60%
  • Career 98.20%

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

Aruna Karunathilake

Karunathilake joined Fidelity in 2000 after 2 years as a research analyst with Dresdner Kleinworth Benson. He started as a research associate, then became an analyst covering the construction, real estate, telecoms and technology sectors. He has run part of an institutional multi-manager fund since November 2006. Aruna has a Masters degree in Chemistry from Oxford University. He is a CFA charteholder.

Track record

Aruna Karunathilake has 11.8 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 December 2015 - April 2018) there was a decline of 7% relative to the index. The worst absolute loss has been 32%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -32.00% (May 2008 - February 2009)
Relative -7.00% (December 2015 - April 2018)

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 2019

5.9475% Royal Dutch Shell
5.8139% Diageo
5.1859% Unilever
4.2149% Compass Group
4.0753% Bp
3.9996% Relx Plc
3.9524% London Stock Exchange Group
3.5978% Rio Tinto
3.3725% Intercontinental Hotels Group
3.2409% Meggitt Plc
Source: Trustnet

Sector breakdown

Consumer Services 23.00%
Industrials 20.00%
Consumer Goods 16.00%
Financials 14.00%
Oil & Gas 12.00%
Health Care 6.00%
Basic Materials 5.00%
Money Market 3.00%
Technology 2.00%

Key Investor Information

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