MFM UK Primary Opportunities A

Manager runs a multi-cap portfolio using the "wholesale" market.

  • 424.17p
    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.

  • 598.52p
    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?

  • 5.20% 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).

  • 1.64%
    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.

  • 1.80%
    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 11 December 2019, fund data last updated 03 July 2006

The Company aims to provide capital growth and investment income in total that is greater than that provided by the FTSE All-Share Index by investing in a concentrated portfolio of companies carefully selected from the full range listed on the London Stock Exchange.

Fund summary

Sector UK All Companies
Structure OEIC
Launched January, 1996
Size £29m
Yield 1.80%
Charging basis Income
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 5.20%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.28%
  • 15/16 -0.04%
  • 16/17 0.72%
  • 17/18 0.14%
  • 18/19 -0.32%

Bestinvest MRI

  • 3 years 0.18%
  • 5 years 0.16%
  • Career 0.12%
  • 3 years 95.20%
  • 5 years 88.50%
  • Career 96.90%

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

Bob Brown

Brown is a Durham University graduate and was a member of the team that successfully built up the investment management business of Phillips & Drew (PDFM) in the late-1960s and 1970s. He joined DRG running their Pension Fund between 1980-90 and formed RC Brown Investment Management in 1991. His experience and subsequent contacts within the City provide a major edge.

Track record

Bob Brown has 27.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.12%. During the worst period of relative performance (from February 2005 - February 2015) there was a decline of 32% relative to the index. The worst absolute loss has been 51%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -51.00% (May 2007 - February 2009)
Relative -32.00% (February 2005 - February 2015)

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 30 August 2019

5.481% Royal Dutch Shell
4.8001% Hsbc Hldgs
4.5725% Bp
4.3498% Astrazeneca Plc
3.5275% Glaxosmithkline
2.6965% Unilever
2.3898% British American Tobacco
2.2656% Vodafone Group Plc
2.251% Lloyds Banking Group Plc
2.2185% Reckitt Benckiser Group Plc
Source: Trustnet

Sector breakdown

Financials 25.00%
Energy 13.00%
Health Care 11.00%
Consumer Staples 11.00%
Basic Materials 7.00%
Consumer Discretionary 7.00%
Others 6.00%
Industrials 6.00%
Cash & Cash Equivalents 4.00%
Telecommunications 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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