MFM Junior Gold P

  • 56.21p
    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.

  • -
    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?

  • 0.50%

    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!

  • 1.10%
    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).

  • 1.28%
    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.

  • 0.00%
    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…

Prices as at 15 January 2021

Fund summary

Sector Specialist
Structure OEIC
Launched December, 2013
Size £14m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.50%
Initial charge via Bestinvest 0.50%
Additional bid/offer spread 0.00%
Annual management charge 1.10%
Ongoing charges figure 1.28%

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Investment process

To provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalization companies specializing in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals. There may be occasions, in light of adverse market conditions, where the Investment Manager chooses to hold high levels of cash, bonds and government securities. The Investment Manager may use derivatives for efficient portfolio management purposes only.

Manager research

Average monthly relative returns

  • 16/17 0.28%
  • 17/18 -2.31%
  • 18/19 -1.10%
  • 19/20 -1.20%
  • 20/21 -0.21%

Bestinvest MRI

  • 3 years -0.83%
  • 5 years -0.91%
  • Career -0.63%
  • 3 years 24.20%
  • 5 years 14.00%
  • Career 9.70%

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

Angelos Damaskos

Damaskos is a Greek national who arrived in the UK in 1981 to attend university. He graduated in 1985 from the University of Glasgow with a Degree in Mechanical Engineering and in 1989 obtained an MBA from the University of Sheffield. He spent more than 14 years in investment banking in the City of London concentrating on natural resources. Most recently he worked with the European Bank for Reconstruction and Development where he was responsible for some of the bank’s equity investments in Russia and the CIS. In 2004, subscribing in the belief of a new commodities super-cycle, he set up Sector Investment Managers Ltd, an FSA-authorised investment advisory company and launched the Junior Oils Trust (JOT) which he advises.

Track record

Angelos Damaskos has 16.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.63%. During the worst period of relative performance (from August 2005 - March 2020) there was a decline of 85% relative to the index. The worst absolute loss has been 86%.

Periods of worst performance

Absolute -86.00% (December 2010 - March 2020)
Relative -85.00% (August 2005 - March 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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Key Investor Information

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