MFM Techinvest Technology B

  • 1061.26p
    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?

  • 0.00%

    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!

  • 1.10%
    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).

  • 1.22%
    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 26 February 2021

Fund summary

Sector Technology and Telecoms
Structure OEIC
Launched January, 2013
Size £57m
Yield 0.00%
Charging basis
Dividends paid Acc units only.

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.10%
Ongoing charges figure 1.22%

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 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.43%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 31.90%

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

Conor McCarthy

McCarthy is founder and editor since 1984 of the Techinvest newsletter. Before devoting himself full-time to Techinvest in 1993, he spent 30 years working in the telecoms industry for companies in the UK, Canada and Ireland. Between 1982 and 1993 he held project management positions on major projects for a number of countries including Ireland, Kenya and Germany. He has been an advisor to the Dublin-based Montgomery Oppenheim Technology Exempt Unit Trust since its inception in 1994. He is also a member of the Advisory Committee of the Campus Companies Venture Capital Fund, set up in May 1998 with funding from an Irish Government agency and the seven principal universities in Ireland, to commercialise academic research.

Track record

Conor Mccarthy has 2.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.43%. During the worst period of relative performance (from September 2005 - August 2006) there was a decline of 17% relative to the index. The worst absolute loss has been 15%.

Periods of worst performance

Absolute -15.00% (January 2007 - March 2009)
Relative -17.00% (September 2005 - August 2006)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

8.3776% Aviat Networks Inc
4.7635% Allot Ltd
4.5326% Pinterest Inc
4.4971% Onespan Inc
4.3714% Ceva Inc
3.4507% Sapiens International Corp Nv
3.4328% Mitek Systems Inc
3.337% Etsy Inc
3.3018% Vicor Corp
3.2444% Silicom
Source: Trustnet

Key Investor Information

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