MONTANARO UK INCOME
An income fund focused on small and mid-cap UK equities, with some European exposure.
ANNUAL MANAGEMENT CHARGE
Prices as at 04 Dec 2023.
Fund commentary last updated 20 Oct 2022.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||UK All Companies|
|Dividends paid||February, April, July, October|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0%|
|Annual Management Charge||0.75%|
|Ongoing Charges Figure||0.84%|
The managers run an active bottom-up investment process with a focus on finding quality growth companies. These are firms who are market leaders with pricing power, a strong market position, high operating margins, and good management teams. They also need to be able to generate an attractive and sustainable cash flow, which will ultimately fund long-term dividend and capital growth. The team generates their own investment ideas by running proprietary screens, looking at growth themes and analysing a company’s quality, its finances including return on equity, and ESG credentials. They place a huge value on meeting management face-to-face. The ideas are then fed into a pan-European approved list and pitched to the Investment Committee. If approved, the companies are placed on the ‘quality approved list’. After finding these good businesses, the managers then ask themselves whether they will also make a good investment. They look at a company’s valuation including free cash flow and dividend yield, its intrinsic value, and risks such as dividend safety.
The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.
Past performance is not a guide to future performance. View full risk warning