fund
MI Hawksmoor Vanbrugh C
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128.10p
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.
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145.35p
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?
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0.00%
Initial chargeSome 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!
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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).
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1.75%
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.
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2.30%
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…
Fund summary
| Sector | Mixed Investment 20-60% Shares |
| Structure | OEIC |
| Launched | March, 2014 |
| Size | £190m |
| Yield | 2.30% |
| Charging basis | 50% Income 50% Capital |
| Dividends paid | 30 Jun, 31 Dec |
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 | 1.75% |
Allocation
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Investment process
The Fund's portfolio consists primarily of a range of open and closed ended funds, although significant exposure to other investments such as fixed interest securities are expected to be included in the portfolio from time to time. Through its investments, the portfolio will be exposed to a range of asset classes, underlying currencies, geographic spread and holding funds managed by a variety of fund management groups and style of investment manager.
Manager research
Average monthly relative returns
- 16/17 1.47%
- 17/18 1.55%
- 18/19 0.00%
- 19/20 1.25%
- 20/21 0.84%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.77%
- 3 years 50.00%
- 5 years 50.00%
- Career 99.90%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Richard Scott
After gaining a 2:1 BA Hons in History from Exeter University; Scott joined Smith New Court in 1987 as a graduate trainee, specialising in UK equities. In January 1991 he moved to Hambros and ran government, corporate and private accounts. He was involved in international portfolios and turned his specialisation towards US stocks, as well as asset allocation. In October 1995 he joined Exeter where he was subsequently made a director, running two unit trusts before their sale to New Star as well as the New Zealand IT . Following iimia’s merger with Exeter he continued in the same role as well as working as a consultant to New Star. Scott is married with two children, a Christian involved in church activities, and enjoys golf. Scott is an Associate of the UK Society of Investment Professionals.
Track record
Richard Scott has 7.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.77%. During the worst period of relative performance (from January 1998 - October 1998) there was a decline of 11% relative to the index. The worst absolute loss has been 59%. 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 | -59.00% (April 1996 - August 1998) |
| Relative | -11.00% (January 1998 - October 1998) |
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
| 4.469% | Merian Gold And Silver U1 Acc Gbp |
| 3.9146% | Schroder Strategic Credit L Inc |
| 3.6791% | Allianz Strategic Bond I Inc |
| 3.5448% | Cg Dollar D |
| 3.2323% | Garraway Financial Trends A Hedged Gbp |
| 3.0401% | Wisdomtree Physical Gold Gbp |
| 2.9845% | Artemis Corporate Bond I Inc Gbp |
| 2.9176% | Twentyfour Monument Bond I Net Inc Gbp |
| 2.873% | Phoenix Spree Deutschland Ltd |
| 2.5532% | Ninety One Global Gold I Acc Gbp |
| Source: Trustnet |