fund
LF Canlife North American C
Aims for capital growth, mainly from shares quoted on North American markets.
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1842.87p
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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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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0.81%
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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0.60%
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…
The aim of the fund is to provide capital growth mainly from investment in shares quoted on North American markets. In order to achieve it's objective, the fund manager blends top down macro views and bottom up stock selection to identify investment ideas. The fund is unconstrained which allows the manager to take high conviction positions to back these ideas to deliver superior growth. The fund contains a wide spread of investments with a bias towards medium sized companies.
Fund summary
Sector | North America |
Structure | OEIC |
Launched | May, 2012 |
Size | £178m |
Yield | 0.60% |
Charging basis | Income |
Dividends paid | Acc units only |
Charges
Standard initial charge | 0.00% |
Initial charge via Bestinvest | 0.00% |
Additional bid/offer spread | 0.00% |
Annual management charge | 0.75% |
Ongoing charges figure | 0.81% |
Allocation
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Investment process
This Fund aims to provide capital growth mainly from investment in shares quoted on North American markets.
Manager research
Average monthly relative returns
- 16/17 0.01%
- 17/18 0.07%
- 18/19 -0.18%
- 19/20 0.20%
- 20/21 -0.18%
Bestinvest MRI
- 3 years -0.05%
- 5 years -0.02%
- Career -0.06%
- 3 years 50.00%
- 5 years 50.00%
- Career 71.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Mike Willans
London Business School Portfolio Management Course Stock Exchange Practice Mike joined Canada Life in October 1999 and has been a Japanese Fund Manager since 1986 with companies such as Kleinwort Benson, Manulife, Lazards and NPI.
Track record
Mike Willans has 14.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from June 2000 - November 2007) there was a decline of 28% relative to the index. The worst absolute loss has been 63%.
Periods of worst performance
Absolute | -63.00% (June 2000 - April 2003) |
Relative | -28.00% (June 2000 - November 2007) |
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
6.2% | Apple Inc |
5.3% | Microsoft Corp |
4.7% | Amazon.com Inc |
3.2% | Alphabet Inc |
3% | Berkshire Hathaway Inc |
2.4% | Johnson & Johnson |
2.2% | Jpmorgan Chase & Co |
2.1% | Alexandria |
1.9% | Facebook Inc |
1.8% | Pfizer Inc |
Source: Trustnet |
Sector breakdown
Information Technology | 28.00% |
Consumer Discretionary | 14.00% |
Health Care | 12.00% |
Communications | 11.00% |
Financials | 10.00% |
Industrials | 8.00% |
Consumer Staples | 5.00% |
Energy | 4.00% |
Others | 4.00% |
Real Estate | 3.00% |
Key Investor Information