iShares North American Equity Index D

Index tracker aiming to match the performance of the FTSE North America.

  • 498.10p
    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!

  • 0.07%
    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).

  • 0.07%
    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.

  • 1.30%
    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 15 January 2021

The objective of the fund is to achieve capital growth for investors by tracking closely the performance of the FTSE World Americas Index by investing in companies in the Index. The fund will invest directly into constituent companies and via other transferable securities giving exposure to such companies.

Fund summary

Sector North America
Structure UNIT TRUST
Launched June, 2012
Size £6,571m
Yield 1.30%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.10%
Annual management charge 0.07%
Ongoing charges figure 0.07%

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Investment process

The aim of the Fund is to seek to achieve capital growth for investors by tracking closely the performance of the FTSE World Americas Index by investing in companies in the Index. Investment will be made directly into constituent companies and via other transferable securities giving exposure to such companies. The Fund may also invest in permitted money market instruments, permitted deposits, and units in collective investment schemes. Derivatives and forward transactions may be used for the purposes of efficient portfolio management.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.07%
  • 18/19 -0.10%
  • 19/20 0.16%
  • 20/21 -0.01%

Bestinvest MRI

  • 3 years 0.02%
  • 5 years 0.00%
  • Career -0.01%
  • 3 years 57.50%
  • 5 years 0.00%
  • Career 51.60%

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

Kieran Doyle

Doyle joined Barclays Global Investors (BGI) in 2004, which merged into BlackRock in 2009. Prior to joining BGI, he was with KPMG. Doyle has a master's degree in economics and finance from Bristol University in 2000 and is a CFA holder.

Track record

Kieran Doyle has 4.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from November 2016 - February 2020) there was a decline of 6% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (September 2018 - December 2018)
Relative -6.00% (November 2016 - February 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

5.8723% Apple Inc
5.1874% Microsoft Corp
4.5323% Amazon.com Inc
2.0578% Facebook Inc
1.5089% Alphabet Inc
1.4841% Alphabet Inc
1.3027% Johnson & Johnson
1.0868% Visa Inc
1.0822% Procter & Gamble Co
.9901% Jpmorgan Chase & Co
Source: Trustnet

Sector breakdown

Technology 28.00%
Financials 16.00%
Consumer Services 15.00%
Health Care 13.00%
Industrials 11.00%
Consumer Goods 8.00%
Utilities 3.00%
Oil & Gas 3.00%
Basic Materials 2.00%
Telecommunications 2.00%

Key Investor Information

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