Harris Associates Global Concentrated Equity N/A GBP

  • 224.13p
    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!

  • 1.20%
    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).

  • 1.20%
    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.

  • 0.10%
    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 09 April 2021

The investment objective of the fund is to achieve long-term growth of capital. In order to meet its objective, the Fund will invest at least 80% of its assets in shares of companies around the world quoted on Eligible Markets, including emerging markets. The Fund may invest in companies with a market capitalization greater than $5 billion at the time of initial purchase.

Fund summary

Sector Global
Structure OEIC
Launched July, 2014
Size £14m
Yield 0.10%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.20%
Ongoing charges figure 1.20%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.83%
  • 17/18 -0.18%
  • 18/19 -0.59%
  • 19/20 -1.04%
  • 20/21 1.41%

Bestinvest MRI

  • 3 years -0.07%
  • 5 years 0.09%
  • Career 0.00%
  • 3 years 52.00%
  • 5 years 69.50%
  • Career 62.90%

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

Robert Levy / David Herro

Track record

Robert Levy / David Herro has 6.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -00%. During the worst period of relative performance (from January 2018 - March 2020) there was a decline of 23% relative to the index. The worst absolute loss has been 26%.

Periods of worst performance

Absolute -26.00% (July 2019 - March 2020)
Relative -23.00% (January 2018 - March 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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

8.1% Alphabet Inc
6.3% Daimler Ag
5.4% Glencore Plc
4.9% Credit Suisse G.n.
4.8% Cnh Industrial Nv
4.5% Allianz Se
4.2% Booking Us Usd
4.1% Bayer Ag
3.8% Prosus N.v.
3.8% Charter Uw Usd
Source: Trustnet

Sector breakdown

Consumer Discretionary 30.00%
Financials 24.00%
Communications 16.00%
Health Care 14.00%
Materials 5.00%
Industrials 5.00%
Information Technology 3.00%
Cash & Cash Equivalents 3.00%
Consumer Staples 1.00%

Key Investor Information

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