Halifax UK FTSE 100 Index Tracking A (ex-Equitable)

  • 95.19p
    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!

  • 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).

  • 0.50%
    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 12 December 2019

Fund summary

Sector UK All Companies
Structure OEIC
Launched
Size £0m
Yield 0.00%
Charging basis
Dividends paid 25 Mar, 25 Sep

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 0.50%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 -0.14%
  • 15/16 -0.10%
  • 16/17 0.01%
  • 17/18 -0.19%
  • 18/19 -0.05%

Bestinvest MRI

  • 3 years -0.08%
  • 5 years -0.09%
  • Career -0.10%
  • 3 years 55.20%
  • 5 years 49.20%
  • Career 51.60%

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

Iain Macdonald

Track record

Iain Macdonald has 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from December 2006 - March 2019) there was a decline of 15% relative to the index. The worst absolute loss has been 41%.

Periods of worst performance

Absolute -41.00% (October 2007 - February 2009)
Relative -15.00% (December 2006 - March 2019)

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 28 June 2019

6.82% Hsbc Hldgs
5.77% Royal Dutch Shell
5.61% Bp
4.96% Royal Dutch Shell
4.73% Ftse 100 Index Futur
4.33% Astrazeneca Plc
4.05% Diageo
4% Aberdeen Standard Liquidity Fu Aberdeen Stnd Liq G
3.96% Glaxosmithkline
3.22% British American Tobacco
Source: Trustnet

Sector breakdown

Financials 21.00%
Oil & Gas 16.00%
Consumer Goods 15.00%
Consumer Services 10.00%
Health Care 9.00%
Basic Materials 9.00%
Industrials 8.00%
Money Market 4.00%
Utilities 3.00%
Telecommunications 3.00%

Key Investor Information

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