MITON INCOME OPPORTUNITIES

  • 0.00p
    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!

  • 0.80%
    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).

  • 1.38%
    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…

This trust provides broad access to a market that has historically produced attractive returns relative to larger UK companies, but is a very illiquid and therefore risky. The investment process combines an index tracking approach with an active overlay of up to 30%. Value appears to have been added through the active overlay policy.

Fund summary

Sector UK Growth & Income
Structure X-INVESTMENT TRUST
Launched
Size £81m
Yield 0.00%
Charging basis
Dividends paid Mar, Sep.

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.80%
Ongoing charges figure 1.38%

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Investment process

The company seeks long-term growth in capital and dividends through investments in the constituents of the FTSE Fledgling Index (ex Investment Companies). These are companies which are the smallest 1/2% of the UK equity market by market capitalisation. Whilst a substantial proportion of the index is replicated, the portfolio also incorporates a small active overlay, whereby those companies whose directors have recently purchased shares in their own business are overweighted, conversely companies, that the managers believe pose an insolvency risk are avoided. .

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

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Relative 0.00% ()

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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Portfolio

The Managers follow a hybrid investment policy that combines indexation with a small active overlay aimed at mitigating Company management fees and annual portfolio rebalancing costs. The portfolio of shares and securities held possesses characteristics that broadly match those of the Fledgling Index in terms of, inter alia, types of business ctivity, market capitalisation and yield. A substantial proportion of the Index is replicated

Key Investor Information

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