Ninety One UK Alpha I

Growth-biased multicap UK equity fund with at least 50% in FTSE 100 stocks.

  • 351.22p
    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.

  • 226.58p
    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!

  • 0.75%
    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).

  • 0.85%
    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.

  • 2.50%

    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…

Prices as at 15 January 2021, fund data last updated 01 November 2013

The fund targets long term capital growth, primarily through investment in UK equities from the FTSE 100 and FTSE 250 indices.

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 2012
Size £2,314m
Yield 2.50%
Charging basis Income
Dividends paid 30 Nov


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 0.85%


Proportion (%)

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.60%
  • 17/18 -0.01%
  • 18/19 0.00%
  • 19/20 0.07%
  • 20/21 0.39%

Bestinvest MRI

  • 3 years 0.16%
  • 5 years -0.03%
  • Career 0.04%
  • 3 years 80.80%
  • 5 years 57.10%
  • Career 94.10%

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

Simon Brazier

Born in 1975, Brazier holds a BA (Hons) in Economics and French from Durham University. His investment career commenced in 1998, upon joining Schroders where he spent a year as an assistant fund manager in both the UK Equity Department and the International Fixed Income Department. In 2000 he joined Schroder & Co as a fund manager in UK Equities. Brazier is a member of the UK Equity Strategy Team and an Associate Member of the UK Society of Investment Professionals. He joined Threadneedle as Co-Head of UK Equities in 2010.

Track record

Simon Brazier has 14 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.04%. During the worst period of relative performance (from July 2008 - December 2008) there was a decline of 9% relative to the index. The worst absolute loss has been 43%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -43.00% (May 2007 - February 2009)
Relative -9.00% (July 2008 - December 2008)

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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

4% Reckitt Benckiser Group Plc
4% London Stock Exchange Group
3.7% Bp
3.5% Unilever
3.5% Tesco
3.3% Diageo
3.2% Glaxosmithkline
3% Rio Tinto
2.9% Experian Plc
2.9% Fevertree Drinks Plc
Source: Trustnet

Sector breakdown

Financials 21.00%
Consumer Goods 18.00%
Consumer Services 16.00%
Industrials 12.00%
Health Care 10.00%
Oil & Gas 7.00%
Basic Materials 6.00%
Technology 6.00%
Telecommunications 2.00%
Money Market 1.00%


50-90 stocks.


Max 5% in one stock. Minimum 50% in FTSE 100 stocks. Max 10% total in small caps. Sector weights typically within 8% of benchmark. Typical 3-7% tracking error.

Key Investor Information - Income


Key Investor Information - Accumulation