GAM Global Diversified A

  • 3872.31p
    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.

  • 5260.33p
    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!

  • 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).

  • 1.58%
    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.

  • 0.70%
    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 23 October 2020

Fund summary

Sector Global
Structure OEIC
Launched January, 1984
Size £96m
Yield 0.70%
Charging basis Income
Dividends paid 28 Feb

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.58%

Allocation

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Investment process

The objective of the Fund is to provide capital appreciation, primarily through investment in quoted securities on a worldwide basis.

Manager research

Average monthly relative returns

  • 15/16 -0.66%
  • 16/17 -0.05%
  • 17/18 -0.78%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.24%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 98.80%

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

Andrew Green

From 1970-83, Green specialised in the management of private client portfolios and was senior fund manager at Kitcat & Aitken. He joined GAM in 1983 as the Director responsible for onshore fund management and is now an Investment Adviser, continuing to advise certain GAM funds as an independent consultant. He was educated at John Lyon School, Harrow.

Track record

Andrew Green has 27.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.24%. During the worst period of relative performance (from May 1994 - December 1998) there was a decline of 35% 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% (May 2007 - February 2009)
Relative -35.00% (May 1994 - December 1998)

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 30 June 2020

7.926% Microsoft Corp
6.7222% Alibaba Group Hldg Ltd
5.5001% Reckitt Benckiser Group Plc
5.2773% Unilever
4.1561% Alphabet Inc
4.006% Cvs Health Corp
3.9401% Becton Dickinson & Co
3.7475% Bunzl
3.7202% Tencent Hldgs Ltd
3.6691% Mondelez Intl Inc
Source: Trustnet

Sector breakdown

Consumer Staples 21.00%
Consumer Discretionary 17.00%
Information Technology 17.00%
Health Care 11.00%
Communications 10.00%
Money Market 5.00%
Industrials 5.00%
Energy 4.00%
Financials 3.00%
Real Estate 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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