MONTANARO UK INCOME GBP

  • 117.60p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.85% Ongoing charges
  • 3.40% Yield

Fund data last updated 14 November 2019

Fund summary

Sector UK All Companies
Structure OFFSHORE FUND
Launched November, 2015
Size £502m
Yield 3.40%
Charging basis
Dividends paid Mar, May, Sep, Nov

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.85%

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Investment process

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.33% -0.67% -1.19% 1.00% 0.00% 0.00% 0.00% 0.10% 0.00% 0.00% 85.10%

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

Charles Montanaro

Charles Montanaro is CIO Montanaro Investment Managers. He established the company in 1991. Previously he worked at Apax partners from 1990-1991 and prior to that as a stockbroker with Merril Lynch, Dean Witter and Drexel Burnham.

Track record

Charles Montanaro has 10.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.1%. During the worst period of relative performance (from September 2001 - January 2004) there was a decline of 26% relative to the index. The worst absolute loss has been 52%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 85%.

Periods of worst performance

Absolute -52.00% (August 2000 - March 2003)
Relative -26.00% (September 2001 - January 2004)

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.

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Key Investor Documents

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