fund
JPM UK Smaller Companies C
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140.00p
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.
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790.90p
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?
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0.00%
Initial chargeSome 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!
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0.75%
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).
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0.93%
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.
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0.20%
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…
Fleming's disciplined UK investment process aimed at marginal outperformance versus a benchmark appears to have been translated successfully to this smaller companies fund.
Fund summary
| Sector | UK Smaller Companies |
| Structure | OEIC |
| Launched | |
| Size | £248m |
| Yield | 0.20% |
| Charging basis | Income |
| Dividends paid | 31 Jan, 30 Apr, 31 Jul, 31 Oct |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.93% |
Allocation
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Investment process
The aim is to achieve a small amount of outperformance of the FTSE Small Cap index with relatively low risk through a portfolio of stocks below the FTSE 350. The strategy is to identify mispriced and undervalued companies and the process has 3 stages. The first stage is quant and screen driven. This looks for attractive valuations with high relative growth combined with price momentum and earnings revisions. The second stage involves traditional fundamental analysis. It does not involve company visits but relies on published information. Cash flow, pricing power, and volume growth are important components of this research stage. The third stage is top down looking to find trends and themes from macroeconomic changes.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
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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Sector breakdown
| Financial Services | 14.00% |
| Software | 10.00% |
| Leisure | 9.00% |
| Retailers - General | 8.00% |
| Media | 7.00% |
| Building & Construction | 5.00% |
| Electronic & Electrical Equipment | 4.00% |
| Equities | 4.00% |
| Travel | 4.00% |
| Household Goods | 4.00% |
Portfolio
There are around 140 stocks within the portfolio and stock size will range from £50 -£500m, although those which grow above this level can have an upper limit of £1bn.