Kames UK Equity A

A total return UK equity portfolio

  • 272.72p
    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?

  • 2.50% 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!

  • 1.50%
    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).

  • 1.56%
    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%

    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 25 November 2020

The primary investment objective is to maximise total return from capital and net income combined. Investment will principally be in equities and equity type securities in companies based in the UK, principally conducting business in the UK or listed on the UK stock market.

Fund summary

Sector UK All Companies
Structure OEIC
Launched August, 1985
Size £166m
Yield 1.30%
Charging basis Income
Dividends paid 30 Nov


Standard initial charge 2.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.56%


Proportion (%)

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.20%
  • 16/17 -0.06%
  • 17/18 -0.49%
  • 18/19 -0.04%
  • 19/20 0.83%

Bestinvest MRI

  • 3 years 0.10%
  • 5 years 0.01%
  • Career 0.05%
  • 3 years 81.90%
  • 5 years 66.60%
  • Career 94.10%

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

Stephen Adams

Adams joined AEGON Asset Management in July 2000 and is Head of UK Equities. He was previously Head of UK tactical funds, with responsibility for higher performance target mandates. Prior to joining AEGON he was with Abbey National Asset Managers for 13 years, managing both retail and institutional portfolios. He spent one year there as Head of US Equities. Before joining Abbey National, Adams trained and qualified as a solicitor. He is also a member of UKSIP.

Track record

Stephen Adams has 16.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%. During the worst period of relative performance (from June 2008 - December 2018) there was a decline of 15% relative to the index. The worst absolute loss has been 38%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -38.00% (October 2007 - February 2009)
Relative -15.00% (June 2008 - December 2018)

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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

8.4678% Astrazeneca Plc
4.4526% Diageo
3.8115% S4 Capital Plc
3.6582% Rio Tinto
3.4168% Gb Group
3.121% Glaxosmithkline
2.9086% Phoenix Group Hldgs Plc
2.7125% Relx Plc
2.6087% Prudential Plc
2.6047% London Stock Exchange Group
Source: Trustnet

Sector breakdown

Financials 20.00%
Industrials 17.00%
Health Care 15.00%
Consumer Goods 15.00%
Basic Materials 9.00%
Consumer Services 8.00%
Technology 7.00%
Oil & Gas 5.00%
Telecommunications 2.00%
Money Market 1.00%

Key Investor Information