FP Verbatim Portfolio 6 B

Targets capital growth over the medium to longer term

  • 196.56p
    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?

  • 5.00% 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!

  • 0.65%
    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).

  • 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 20 January 2021

Fund summary

Sector Unclassified
Structure OEIC
Launched February, 2010
Size £55m
Yield 0.00%
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 1.25%

Allocation

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Investment process

The Fund will use a broadly balanced 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 -0.07%
  • 19/20 -0.62%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.31%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 37.50%

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

Simon Mungall

Mungall joined Ignis as a joint venture partner in September 2007, to jointly lead-manage its three flagship multi-manager unit trusts. He was formerly portfolio manager in Fidelity International’s multi-manager team, manager at Aon Consulting and before that a sell-side credit analyst. He has an MA in Philosophy, Politics and Economics from the University of Oxford and an MSc in Economics from the University of Glasgow.

Track record

Simon Mungall has 3.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.31%. During the worst period of relative performance (from June 2010 - November 2011) there was a decline of 15% relative to the index. The worst absolute loss has been 11%.

Periods of worst performance

Absolute -11.00% (February 2011 - September 2011)
Relative -15.00% (June 2010 - November 2011)

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

8.5242% Jpm Us Equity Income C Acc
6.4407% Ubs Us Growth C Acc
5.0249% Liontrust European Income I Acc
5.0116% L&G Uk Property I Acc
4.7042% Axa Sterling Buy And Maintain Credit Z Gross
4.6291% M&G Property Portfolio I Inc Gbp
4.494% Liontrust Gf Asia Income C3 Dis Gbp
4.4168% Artemis Global Emerging Markets I Acc Gbp
3.8056% Schroder Asia Pacific
Source: Trustnet

Key Investor Information

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