Halifax International Growth C

  • 115.80p
    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?

  • 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).

  • 1.51%
    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 22 June 2021

Fund summary

Sector Global
Structure OEIC
Launched May, 1986
Size £495m
Yield 0.70%
Charging basis
Dividends paid 31 May

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.51%

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Investment process

This fund aims to achieve capital growth over the long-term by investing in a wide range of companies across the world.

Manager research

Average monthly relative returns

  • 16/17 -0.15%
  • 17/18 0.11%
  • 18/19 -0.61%
  • 19/20 -0.49%
  • 20/21 -0.02%

Bestinvest MRI

  • 3 years -0.38%
  • 5 years -0.23%
  • Career -0.16%
  • 3 years 4.70%
  • 5 years 18.10%
  • Career 39.70%

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

Mike Mcnaught-Davis

Mcnaught-Davis is Head of the International Equities Desk at SWIP. He joined from Martin Currie, where he had worked for six years, on both the Global and Japanese desks. Prior to that Mcnaught-Davis was head of the Japanese desk at F&C from 1998-2001 inclusive, after having worked at Morgan Grenfell for 10 years on Japanese equities from 1987. He is a CFA and is proficient in Japanese, French and German. He holds an MA (Hons) in English Literature from St. Andrews University.

Track record

Mike Mcnaught-Davis has 10.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from May 2013 - November 2020) there was a decline of 24% relative to the index. The worst absolute loss has been 18%.

Periods of worst performance

Absolute -18.00% (July 2019 - March 2020)
Relative -24.00% (May 2013 - November 2020)

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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Top 10 holdings

Data accurate as at 30 June 2020

8.06% Scottish Widows Unit Trust Managers Emerging Markets Cls X Acc Nav
4.41% Apple Inc
4.15% Microsoft Corp
3.22% Amazon.com Inc
2.78% Alphabet Inc
2.07% Facebook Inc
1.72% Johnson & Johnson
1.58% Procter & Gamble Co
1.52% Home Depot Inc
1.43% Roche Hldg Ag
Source: Trustnet

Sector breakdown

Technology 24.00%
Health Care 13.00%
Financials 12.00%
Consumer Services 11.00%
Consumer Goods 10.00%
Industrials 9.00%
Others 8.00%
Basic Materials 5.00%
Utilities 3.00%
Telecommunications 2.00%

Key Investor Information

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