Investec Cautious Managed A

A balanced fund with typically 60/40 equity/bond split.

  • 273.00p Price (Inc)
  • 415.13p Price (Acc)
  • 4.50% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.59% Ongoing charges
  • 0.10% Yield

Prices as at 09 December 2019

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched March, 1998
Size £1,542m
Yield 0.10%
Charging basis Income
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.59%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund aims to provide a combination of income and long-term capital growth by investing conservatively in a diversified portfolio of equities, bonds and other fixed interest securities of high quality and marketability. At all times, the Fund’s equity exposure will be limited to a maximum of 60% of the portfolio value.

Manager research

Average monthly relative returns

  • 14/15 -0.21%
  • 15/16 -0.46%
  • 16/17 -0.24%
  • 17/18 0.35%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 71.90%

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

Alastair Mundy

Mundy graduated in 1988 from the City University in Actuarial Sciences. He managed money at CGU from 1991, initially in their fixed interest team, moving to equity income in 1992 where he maintained some 15% in split-cap shares in his portfolios. He joined Investec's UK Income team in August 2000 and became head of its Value team in 2002.

Track record

Alastair Mundy has 13.5 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 June 2001 - February 2003) there was a decline of 31% relative to the index. The worst absolute loss has been 23%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is

Periods of worst performance

Absolute -23.00% (August 2001 - October 2002)
Relative -31.00% (June 2001 - February 2003)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 August 2019

14.4% Hm Treasury United Kingdom Dmo 0.125% Idx Lkd Gilt 22/11/19 Gbp0.01
8.6% Norway(Kingdom Of) 3.75% Bds 25/05/21 Nok1000
3.2% United States Treasury Inflation 0.125 Jan 15 23
2.9% Travis Perkins
2.3% Citigroup Inc
2.2% Grafton Group
2.1% Capita Plc
1.9% American Express Co
1.9% Barclays Plc
1.7% Uranium Participation Corp
Source: Trustnet

Sector breakdown

Money Market 17.00%
Precious Metals & Stones 16.00%
Financials 13.00%
Industrials 13.00%
Government Bonds 9.00%
Others 8.00%
Consumer Discretionary 7.00%
Materials 5.00%
Government Index Linked 3.00%
Information Technology 3.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download