MI Charles Stanley Equity B

Targets capital growth from UK equities, most of which will be in the FTSE350 index.

  • 158.76p
    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.

  • 191.72p
    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!

  • 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).

  • 1.08%
    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.

  • 1.00%
    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 17 September 2021

The objective of the fund is to generate capital growth from a portfolio consisting predominantly of companies which form the FTSE350 Index. There may be occasions when the investment manager chooses to hold a high level of bonds, government securities, cash and money market instruments.

Fund summary

Sector UK All Companies
Structure OEIC
Launched December, 2012
Size £21m
Yield 1.00%
Charging basis
Dividends paid Mar, Sep

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 1.08%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.37%
  • 17/18 0.05%
  • 18/19 0.47%
  • 19/20 1.46%
  • 20/21 -0.38%

Bestinvest MRI

  • 3 years 0.52%
  • 5 years 0.25%
  • Career 0.17%
  • 3 years 95.00%
  • 5 years 90.70%
  • Career 87.50%

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

Chris Ainscough

Ainscough joined Matterley as an analyst in April 2014 to work alongside Chris Evans on the Regular High Income and Equity funds having originally joined Charles Stanley Pan Asset in 2013. He holds a MMath degree in Mathematics from Oxford University and since joining Matterley he has completed the Investment Management Certificate and passed the CFA Level One examination.

Track record

Chris Ainscough has 6.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from July 2020 - March 2021) there was a decline of 11% relative to the index. The worst absolute loss has been 19%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 88%.

Periods of worst performance

Absolute -19.00% (December 2019 - March 2020)
Relative -11.00% (July 2020 - March 2021)

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

5.7% Allianz Technology Trust
5.1% Astrazeneca Plc
5.1% Reckitt Benckiser Group Plc
4.8% Rentokil Initial Plc
4.1% Unilever
3.9% Avast Plc
3.7% Croda International Plc
3.6% Diageo
3.6% Segro Plc
3.5% Halma
Source: Trustnet

Sector breakdown

Industrials 18.00%
Consumer Staples 13.00%
Financials 12.00%
Materials 10.00%
Information Technology 10.00%
Health Care 8.00%
Consumer Discretionary 6.00%
Mutual Funds 6.00%
Utilities 6.00%
Real Estate 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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