fund
FP Verbatim Portfolio 3 B
Targets capital growth over the medium to longer term
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172.35p
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.
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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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5.00% 0.00%
Initial chargeSome 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!
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0.65%
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).
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1.08%
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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1.00%
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…
Fund summary
| Sector | Unclassified |
| Structure | OEIC |
| Launched | February, 2010 |
| Size | £62m |
| Yield | 1.00% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 5.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.65% |
| Ongoing charges figure | 1.08% |
Allocation
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Investment process
The Fund will use a broadly defensive investment strategy with the aim of achieving capital growth over the medium to longer term.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.65%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Bill McQuaker
McQuaker spent the first seven years of his career in asset management, culminating in a spell managing UK equity portfolios. He then moved to the sell-side, spending three years with NatWest Securities and nine years with Credit Suisse First Boston, where he was Head of Quantitative Strategy. He joined Henderson in 2005 where he is director of multimanager funds and deputy head of equities.
Track record
The track record of Bill McQuaker in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
Periods of worst performance
| Absolute | -18.00% (April 2011 - September 2011) |
| Relative | -16.00% (February 2011 - August 2012) |
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
| 10.7885% | Vanguard Global Bond Index Hedged Acc Gbp |
| 9.7491% | L&G Sterling Corporate Bond Index I Inc |
| 6.5918% | Axa Sterling Buy And Maintain Credit Z Gross |
| 6.577% | Fidelity Moneybuilder Income W Dis Gbp |
| 6.237% | Royal London Corporate Bond M Inc |
| 6.1444% | L&G All Stocks Gilt Index Trust I Acc |
| 4.4487% | L&G Uk Property I Acc |
| 3.3464% | Fidelity Index Uk P |
| 3.1369% | Royal London Index Linked M Inc |
| Source: Trustnet |
Key Investor Information