Quilter Investors Managed B

Internal fund of funds modelled on the Private Client Growth index (c50% UK).

  • 3651.00p
    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.

  • 6118.00p
    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?

  • 4.00% 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!

  • 1.10%
    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).

  • 1.51%
    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.

  • 1.30%
    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…

Prices as at 13 December 2019, fund data last updated 25 June 2003

A relatively conservative fund in that it is widely diversified and asset allocation is close to the Association of Private Client's International benchmark.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched November, 1985
Size £124m
Yield 1.30%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.10%
Ongoing charges figure 1.51%

Allocation

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Investment process

The objective of the fund is long term capital growth through the active management of a diversified portfolio. It will invest primarily, either directly or indirectly, in bond and equity investments, generally by investing in other Old Mutual collective investment schemes. The managers monitor their performance against the Association of Private Client Investment Managers and stockbrokers' Private Investor Growth index so as to allocate assets in line with the typical composition of a private client portfolio.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 -0.85%
  • 16/17 -0.36%
  • 17/18 -0.43%
  • 18/19 -0.22%

Bestinvest MRI

  • 3 years -0.34%
  • 5 years 0.00%
  • Career -0.34%
  • 3 years 5.40%
  • 5 years 0.00%
  • Career 7.40%

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

Lee Freeman-Shor / Anthony Gillham

Freeman-Shor joined Old Mutual in 2005 with a wealth of experience having previously worked in Private Client Investment Management as an Investment Development Manager with Winterthur Life and, more recently with Schroder Investment Management. Freeman-Shor graduated from Nottingham Law School with an LLB (Hons) degree. He holds the Investment Management Certificate. Johnson joined Old Mutual in September 2010 from Halbis Capital Management (formerly HSBC Asset Management), where she was a senior fixed income fund manager. She moved to Halbis from Investec Asset Management , which she joined as a high yield credit analyst, becoming a high yield fixed income fund manager a year later. She began her asset management career as a credit analyst at Royal & Sun Alliance Investment Management, having previously been a relationship manager at NatWest Bank. Johnson has a BA in Economics from Manchester University.

Track record

Lee Freeman-Shor / Anthony Gillham has 4.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.34%. During the worst period of relative performance (from September 2015 - September 2019) there was a decline of 20% relative to the index. The worst absolute loss has been 10%.

Periods of worst performance

Absolute -10.00% (August 2018 - December 2018)
Relative -20.00% (September 2015 - September 2019)

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 July 2019

11.4% Merian North American Equity (Irl) A Acc Usd
8.7% Merian Global Equity Income
8.1% Merian Monthly Income Bond A Inc Gbp
7.5% Merian Equity Income Class A Inc
7.3% Merian Corp. Bond Fund (U2 Inc)
7.3% Merian Uk Alpha
6.6% Merian Gear R Acc
4.8% Merian Mid Cap Fund (U2 Inc)
4.4% Blackrock Uk Equity Tracker
4.2% Merian Local Currency Emd
Source: Trustnet

Portfolio

The fund holds over 300 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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