Majedie Global Equity X GBP

  • 245.36p
    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!

  • 0.75%
    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).

  • 0.85%
    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.

  • 0.00%

    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 27 January 2022, we don’t currently provide commentary on this fund.

Fund summary

Sector Global
Structure OEIC
Launched June, 2014
Size £61m
Yield 0.00%
Charging basis
Dividends paid Acc units only


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 0.85%


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Investment process

The Fund aims to produce a total return in excess of the MSCI All Country World Index over the long term through investment in a diversified portfolio of primarily global equity securities.

Manager research

Average monthly relative returns

  • 17/18 0.09%
  • 18/19 -0.49%
  • 19/20 0.19%
  • 20/21 0.58%
  • 21/22 -0.62%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years -0.05%
  • Career -0.06%
  • 3 years 72.90%
  • 5 years 61.40%
  • Career 60.30%

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

Tom Record/ Adrian Brass/ Tom Morris/ Yuri Khodjamirian

Record joined Majedie in 2014 from Baillie Gifford, where he managed a range of Global Emerging Market funds. Record holds Master of Arts and Master of Natural Sciences degrees, specialising in Biochemistry, from Pembroke College, Cambridge. He is also a CFA charter holder. Brass joined Majedie in 2014 from Fidelity, where he managed US equity mandates. He holds a Bachelor of Sciences degree in Economics & Politics from the University of Bristol and is a CFA charter holder. Tom Morris holds a Master of Sciences degree in Natural Sciences, specialising in Physics, from St Catharine’s College, Cambridge. He is also a CFA charter holder. Khodjamirian holds a Master of Arts degree in Economics from St Catharine’s College, Cambridge and a Master of Science degree in Economics with distinction from the London School of Economics. He is a CFA charter holder.

Track record

Tom Record/ Adrian Brass/ Tom Morris/ Yuri Khodjamirian has 7.3 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 February 2021 - October 2021) there was a decline of 12% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (July 2019 - March 2020)
Relative -12.00% (February 2021 - October 2021)

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.


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Top 10 holdings

Data accurate as at 30 November 2021

4.332% Microsoft Corp
3.7372% Alphabet Inc
3.6739% Inc
3.4291% Meta Platforms Inc
3.0589% Nvidia Corp
2.2915% Nxp Semiconductors Nv
2.1691% Electronic Arts
2.1211% Taiwan Semiconductor Manufacturing
2.1181% Fiserv Inc
2.1054% Hasbro Inc
Source: Trustnet

Sector breakdown

Semi Conductors 10.00%
Leisure 9.00%
Media 9.00%
Retail 7.00%
Financial Services 5.00%
Software 5.00%
Biotechnology/Medical 5.00%
Electronic & Electrical Equipment 4.00%
Health Care 4.00%
Banks 3.00%

Key Investor Information