Bestinvest Logo
Why us
Planning ahead
Insights
fund

Majedie UK Equity X

Bestinvest LogoCore, large cap UK equity fund with a distinctive "sub-fund" management style.

PRICE (INC)

136.65p

PRICE (ACC)

175.02p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.77%

YIELD

2%

1 YEAR
-1.12%

Prices as at 01 Jul 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets a total return in excess of the FTSE All-Share index over the long term by investing in a diversified portfolio of mainly UK equities. The fund is split into four sub-portfolios, each with its own manager. These include a dedicated smaller companies portfolio, though the bulk of investments are in large and mid-cap stocks including selected overseas shares. The managers work together and consider wider economic themes, but form their portfolios separately. The fund typically has a value bias.

Fund summary

SectorUK All Companies
StructureOEIC
LaunchedSeptember 2012
Size£231m
Yield2%
Charging BasisIncome
Dividends paid28 Feb, 31 Aug

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.77%

Investment Process

The fund is split into four sub-portfolios, each with its own fund manager. Three of the managers (James de Uphaugh, Chris Field and Matthew Smith) run 30-35 stock portfolios of primarily FTSE 350 stocks, though some overseas companies are also included - these each make up 30% of the fund. The other 10% of the fund is a smaller companies portfolio run by Richard Staveley. The managers work together and feed off the same analyst team but have different styles and form their portfolios separately. The process is primarily bottom-up, but the team does look at the macro picture and consider long term investment themes which the managers can incorporate in their portfolios. Ideas come from across the Majedie investment team, from database screens (a proprietary internal database covers over 400 companies) and from the macro view. The research process includes analysis of company reports and accounts, company meetings (over 400 a year) and attendance at seminars and conferences globally.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning