MERIAN US EQUITY INCOME R GBP

Focused portfolio. US Large cap value. Only a slight dividend yield premium over the S&P500.

  • 1676.92p Price (Inc)
  • 1588.18p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.88% Ongoing charges
  • 2.00% Yield

Fund data last updated 14 November 2019

Investing in a portfolio of primarily large capitalisation US stocks, the fund aims to achieve returns that are superior to the returns of its benchmarks over complete market cycles, while taking below-average risks. The fund seeks to achieve an attractive total return gained from the combination of dividend yield, growth of the dividend, and capital appreciation.

Fund summary

Sector
Structure OFFSHORE FUND
Launched June, 2013
Size £175m
Yield 2.00%
Charging basis
Dividends paid

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.88%

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Investment process

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
1.32% -0.23% 0.13% 0.33% 0.00% 0.00% 0.00% 0.29% 0.00% 0.00% 100.00%

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

Ray Nixon

Nixon joined BHMS in 1994 from Smith Barney, Inc., where he was a member of the firm's Investment Policy Committee and served as their lead institutional stockbroker for the Southwest. He has also served as a research analyst for the Teacher Retirement System of Texas. Nixon is a member of the Board of the Presbyterian Healthcare Foundation, the Board of the Salvation Army, and the Investment Committee of the Susan G. Komen Foundation. He holds a BA and an MBA from the University of Texas.

Track record

Ray Nixon has 13 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 September 2002 - May 2007) there was a decline of 12% relative to the index. The worst absolute loss has been 43%. 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 -43.00% (October 2007 - February 2009)
Relative -12.00% (September 2002 - May 2007)

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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Constraints

portfolio of 30-45 names, all of which must have a 25-year history of paying dividends.

Key Investor Documents

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