fund
Majedie Global Focus X GBP
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230.96p
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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1.75%
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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1.85%
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.
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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…
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | June, 2014 |
| Size | £310m |
| Yield | 0.20% |
| Charging basis | |
| 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 | 1.75% |
| Ongoing charges figure | 1.85% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.39%
- 17/18 0.13%
- 18/19 -0.04%
- 19/20 -0.18%
- 20/21 1.07%
Bestinvest MRI
- 3 years 0.28%
- 5 years 0.12%
- Career 0.09%
- 3 years 94.60%
- 5 years 87.70%
- Career 87.50%
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 6.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from November 2015 - January 2020) there was a decline of 11% relative to the index. The worst absolute loss has been 16%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 88%.
Periods of worst performance
| Absolute | -16.00% (July 2019 - March 2020) |
| Relative | -11.00% (November 2015 - January 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
| 5.2729% | Softbank Group Corp |
| 4.7047% | Electronic Arts |
| 4.5757% | Facebook Inc |
| 4.5247% | Fiserv Inc |
| 3.9622% | Taiwan Semiconductor Manufacturing |
| 3.7679% | Koninklijke Kpn Nv |
| 3.5768% | Naspers |
| 3.4546% | Zimmer Biomet Hldgs Inc |
| 3.2861% | Take Two Interactive Software Inc |
| 3.1556% | Samsung Electronics Co |
| Source: Trustnet |
Sector breakdown
| Retail | 11.00% |
| Leisure | 8.00% |
| Semi Conductors | 8.00% |
| Wireless & Mobile Communications | 7.00% |
| Media | 6.00% |
| Telecommunications Utilities | 6.00% |
| Healthcare & Medical Products | 5.00% |
| Data Processing | 5.00% |
| Pharmaceuticals | 3.00% |
| Hardware | 3.00% |
Key Investor Information