fund
Merian Europe (ex UK) Smaller Companies R GBP
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1599.65p
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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1862.79p
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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1.31%
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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2.00%
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 Fund aims to achieve long term capital growth through investing primarily in an equity portfolio of smaller companies incorporated in Europe (excluding the United Kingdom) or of companies incorporated outside of Europe (excluding the United Kingdom) which have a predominant proportion of their assets and/or business operations in Europe (excluding the United Kingdom).
Fund summary
| Sector | European Smaller Companies |
| Structure | OFFSHORE FUND |
| Launched | November, 2014 |
| Size | £17m |
| Yield | 2.00% |
| Charging basis | |
| Dividends paid | January |
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 | 1.31% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.33%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.22%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Mark Nichols / Mark Heslop
Nichols joined Jupiter in July 2019. He previously managed European equities portfolios at Columbia Threadneedle (2015-19) and F&C (2011-15). He joined F&C in June 2011 from Oechsle International Advisors, where he was a senior analyst. From 2003 to 2005 he was a member of the research team at Lehman Brothers. He began his career at Invesco in 2001. Nichols has a degree in Philosophy, Politics & Economics from the University of Oxford and a postgraduate degree in Contemporary History & Politics from the University of London. Heslop joined Jupiter in September 2019 as a European equity manager and smaller companies specialist. He was previously an equity fund manager at Colombia Threadneedle for 11 years where he managed a global smaller companies fund and a European smaller companies fund. Prior to this he spent nine years as a sell-side analyst with Citi from 1999. He began his career as an accountant and consultant at PricewaterhouseCoopers. He has a degree in chemistry from Durham University and is an Associate of the Institute of Chartered Accountants.
Track record
The track record of Mark Nichols / Mark Heslop in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
Periods of worst performance
| Absolute | -11.00% (January 2020 - March 2020) |
| Relative | -7.00% (May 2020 - December 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.
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