fund
Guinness Global Innovators Y GBP
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2675.15p
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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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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0.50%
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).
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0.99%
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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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…
The investment objective of the fund is to provide investors with long-term capital appreciation. This is primarily achieved through investment in equity securities of companies that the managers believe are positioned to benefit from one or more of the following: advances in technology, advances in communications, globalisation, or innovative management.
Fund summary
| Sector | Global |
| Structure | OFFSHORE FUND |
| Launched | October, 2014 |
| Size | £444m |
| Yield | 0.00% |
| Charging basis | Income |
| 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 | 0.50% |
| Ongoing charges figure | 0.99% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.01%
- 18/19 -0.10%
- 19/20 0.37%
- 20/21 0.17%
Bestinvest MRI
- 3 years 0.14%
- 5 years 0.00%
- Career 0.09%
- 3 years 80.00%
- 5 years 0.00%
- Career 87.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Ian Mortimer / Matthew Page
Mortimer joined Guinness Asset Management in December 2006 after completing a DPhil in experimental physics at Christ Church, University of Oxford. He graduated from University College London, University of London, with a First Class Honours Master's degree in Physics in 2003. He has completed the IMC and is a level 2 candidate in the CFA program. Page joined Guinness Asset Management in 2005, having previously worked for Goldman Sachs on their graduate scheme in Foreign Exchange and Fixed Income. He graduated from New College, University of Oxford with a Master's Degree in Physics. He has completed the IMC and is a CFA charterholder.
Track record
Ian Mortimer / Matthew Page has 5.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from September 2011 - September 2018) there was a decline of 8% relative to the index. The worst absolute loss has been 11%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 87%.
Periods of worst performance
| Absolute | -11.00% (January 2020 - March 2020) |
| Relative | -8.00% (September 2011 - September 2018) |
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.
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Key Investor Information