fund
MI Miton Cautious Monthly Income B
The objective of the Fund is to preserve and grow capital.
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129.50p
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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169.10p
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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1.05%
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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4.20%
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 | UNIT TRUST |
| Launched | October, 2012 |
| Size | £137m |
| Yield | 4.20% |
| Charging basis | Capital |
| Dividends paid | 30 Apr, 31 Oct |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 1.07% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.05% |
Allocation
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Investment process
The objective of the Darwin Multi Asset Fund is to preserve and grow capital.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.39%
- 20/21 0.40%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.40%
- 3 years 0.00%
- 5 years 0.00%
- Career 89.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
David Jane
Jane founded Darwin Investment Managers in September 2010. He was previously head of Equities Investment at M&G from May 2002, having joined the company in 2000. He began his investment career in 1987 with United Friendly Assurance, then worked at Newton as Director of Global Financials Research before joining AXA Investment Management as Head of Global Financials Research. He graduated from Keele University with a BA in Statistics & Economics. Jane was born in 1965.
Track record
David Jane has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.4%. During the worst period of relative performance (from August 2002 - February 2003) there was a decline of 8% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.
Periods of worst performance
| Absolute | -37.00% (June 2001 - March 2003) |
| Relative | -8.00% (August 2002 - February 2003) |
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 August 2020
| 3.31% | Gold Bullion Securities Ld Gold Bullion Securities Usd |
| 2.25% | United States Of Amer Treas Bonds 4.5% Tb 15/05/38 Usd1000 |
| 2.12% | Apple Inc |
| 1.5% | Ansys Inc |
| 1.49% | Alphabet Inc |
| 1.33% | Enel Spa 7.75% Bds 10/09/75 Gbp100000reg S |
| 1.32% | Givaudan Sa |
| 1.31% | Synopsys Inc |
| 1.31% | Edwards Lifesciences Corp |
| 1.27% | Solaredge Technologies Inc |
| Source: Trustnet |
Sector breakdown
| Financials | 22.00% |
| Information Technology | 16.00% |
| Fixed Interest | 14.00% |
| Industrials | 12.00% |
| Mutual Funds | 7.00% |
| Utilities | 7.00% |
| Communications | 5.00% |
| Real Estate | 4.00% |
| Materials | 4.00% |
| Energy | 2.00% |