FP Octopus UK Micro Cap Growth P

Invests in smaller companies including those on AiM and PLUS markets.

  • 418.28p
    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?

  • 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!

  • 0.60%
    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).

  • 1.25%
    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…

Prices as at 09 April 2021

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched November, 2016
Size £179m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.60%
Ongoing charges figure 1.25%

Allocation

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Investment process

The fund will on areas of the UK market where the investment manager identifies capital growth opportunities. It is expected that such opportunities will be focused on smaller companies with a full market listing, AiM listing or listed on PLUS Markets. The investment manager has the flexibility to hold derivatives for hedging purposes and cash in order to provide a positive return in all market conditions.

Manager research

Average monthly relative returns

  • 16/17 0.50%
  • 17/18 1.28%
  • 18/19 0.54%
  • 19/20 1.96%
  • 20/21 0.83%

Bestinvest MRI

  • 3 years 1.11%
  • 5 years 1.02%
  • Career 0.40%
  • 3 years 98.10%
  • 5 years 99.80%
  • Career 97.00%

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

Richard Power / David Crawford

Power graduated from Exeter University in 1993 joining Duncan Lawrie, where he ran their Smaller Companies fund until September 2000. He moved to Close Finsbury in January 2001, where I took over the management of the Finsbury Smaller Companies Trust. He started at Octopus on 28th June 2004.

Track record

Richard Power / David Crawford has 13.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.4%. During the worst period of relative performance (from November 2008 - March 2016) there was a decline of 36% relative to the index. The worst absolute loss has been 47%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -47.00% (October 2007 - March 2009)
Relative -36.00% (November 2008 - March 2016)

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 August 2016

5.48% Cityfibre Infrastructure Hldgs Plc
4.62% Gb Group
4.05% Advanced Medical Solutions Group
3.96% Restore Plc
3.91% Iomart Group
3.82% Renew Hldgs
3.8% Clinigen Group Plc
3.57% Fevertree Drinks Plc
3.1% Staffline Group Plc
3.03% Quixant Plc
Source: Trustnet

Sector breakdown

Others 23.00%
Support Services 17.00%
Software 13.00%
Food & Drug Retailers 6.00%
Travel 6.00%
Biotechnology/Medical 6.00%
Electronic & Electrical Equipment 6.00%
Telecommunications 5.00%
Building & Construction 5.00%
Healthcare & Medical Products 5.00%

Portfolio

The fund will invest in 30-50 companies.

Key Investor Information

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