GAM North American Growth

  • 3919.06p
    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.

  • 4886.99p
    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).

  • 1.53%
    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 23 November 2020

This is a pure stockpicking fund, with underlying stocks selected on the basis of rigourous research at the individual company level. The fund's manager Gordon Grender is a stockmarket veteran and has managed this fund for over 25 years. He targets shareholder friendly companies and takes a buy and hold approach, which results in a concentrated portfolio of some 30 stocks.

Fund summary

Sector North America
Structure OEIC
Launched
Size £81m
Yield 0.00%
Charging basis Income
Dividends paid 28 Feb

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.53%

Allocation

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Investment process

The fund's objective is capital appreciation through investment in quoted securities in the USA and Canada. The fund's manager takes a longer term view of markets employing a buy and hold approach to stocks. Conservatively run companies with strong business models are backed and they usually feature the following characteristics: Companies that can expand through their own generation of cash; management shareholdings; sales growth; undervalued vs long-term growth prospects and leanly-run companies. The majority of stock ideas emanate from the manager’s long experience and industry contacts.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Industrials 31.00%
Consumer Discretionary 15.00%
Financials 13.00%
Consumer Staples 11.00%
Health Care 7.00%
Materials 7.00%
Energy 7.00%
Money Market 5.00%
Information Technology 3.00%

Portfolio

A concentrated portfolio of some 30 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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