Majedie UK Focus X

  • 204.66p
    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.

  • 240.06p
    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!

  • 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).

  • 1.54%
    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%
    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…

Prices as at 17 September 2021

Fund summary

Sector UK All Companies
Structure OEIC
Launched September, 2012
Size £718m
Yield 1.30%
Charging basis
Dividends paid 28 Feb, 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.54%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.37%
  • 17/18 0.03%
  • 18/19 -0.26%
  • 19/20 0.76%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.17%
  • 5 years 0.18%
  • Career 0.29%
  • 3 years 88.90%
  • 5 years 93.90%
  • Career 100.00%

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

Majedie UK Focus Team

James de Uphaugh co-founded Majedie Asset Management in 2002 and has co-managed the UK Focus Fund since inception. Chris Field co-founded Majedie Asset Management in 2002 and has co-managed the UK Focus Fund since inception. Matthew Smith joined Majedie Asset Management in April 2006 and has co-managed the UK Focus Fund since November 2010. Chris Reid joined Majedie Asset Management in 2002 and has co-managed the UK Focus Fund since December 2012

Track record

Majedie Uk Focus Team has 16.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.29%. During the worst period of relative performance (from June 2015 - June 2016) there was a decline of 10% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -31.00% (October 2007 - February 2009)
Relative -10.00% (June 2015 - June 2016)

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 31 October 2018

8.3966% Bp
8.3062% Tesco
5.8784% Royal Dutch Shell
5.6032% Centrica Plc
5.2337% Rentokil Initial
4.6983% Legal & General Group
3.9156% Morrison(Wm.)Supermarkets
3.8485% Daily Mail & General Trust `A`Ord Non Vtg Gbp0.125
3.6726% Associated British Foods
3.2644% Orange Sa
Source: Trustnet

Sector breakdown

Oil & Gas Exploration & Production 15.00%
Food & Drug Retailers 14.00%
Support Services 8.00%
Life Insurance 6.00%
Utilities 6.00%
Money Market 5.00%
Telecommunications 5.00%
Travel 5.00%
Media 5.00%
Retailers - General 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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