RIVER AND MERCANTILE GLOBAL RECOVERY B

  • 515.80p Price (Inc)
  • - Price (Acc)
  • 5.25% 0.00%

    Initial charge
  • 1.00% Annual management charge
  • 1.27% Ongoing charges
  • 1.20% Yield

Fund data last updated 14 November 2019

The investment objective of the Fund is to achieve capital growth. To achieve this, it will invest in a portfolio which will primarily consist of international equities that the investment manager believes will benefit from a recovery in company profitability over the medium and longer term. The Fund will not be restricted by reference to a benchmark, territory, sector constraints or company size.

Fund summary

Sector Global
Structure OEIC
Launched March, 2013
Size £435m
Yield 1.20%
Charging basis
Dividends paid 31 May, 30 Nov

Charges

Initial charge 5.25%
Initial charge via Bestinvest 5.25%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.27%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

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
0.07% -0.18% 0.85% 0.04% -0.41% 0.16% 0.07% 0.13% 88.10% 79.10% 91.60%

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

Hugh Sergeant

Sergeant graduated from the London School of Economics in 1987 with an economics degree and joined Gartmore Investment Limited as a trainee manager. He spent two years in UK equity research before taking on fund management responsibility for unit trusts and pension funds. He joined UBS Global Asset Management as a pension fund manager in 1990, specialising in the management of UK equities. In 1997 Sergeant was made Head of Smaller Companies and in 1998 launched the UK Smaller Companies Fund. In March 2000 he was appointed Head of UK Equities and Chairman of the UK Equity subcommittee. He joined SGAM in 2002 where he was Head of UK Equities. He joined River and Mercantile in August 2006, where he is Head of the UK Equity team at River and Mercantile with overall responsibility for managing and developing the team

Track record

Hugh Sergeant has 12.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.13%. During the worst period of relative performance (from January 2007 - January 2009) there was a decline of 22% 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 92%.

Periods of worst performance

Absolute -52.00% (May 2007 - February 2009)
Relative -22.00% (January 2007 - January 2009)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 August 2019

.8305% Facebook Inc
.7067% Baidu Inc
.6503% Cegedim
.6029% Prada Spa
.595% Alphabet Inc
.5727% Citigroup Inc
.5405% Bank Of America Corp
.4962% Qiwi Plc
.4596% Wiit Spa
.451% Freeport-Mcmoran Inc
Source: Trustnet

Sector breakdown

Financials 20.00%
Consumer Discretionary 18.00%
Industrials 13.00%
Information Technology 12.00%
Communications 11.00%
Health Care 6.00%
Energy 6.00%
Materials 5.00%
Consumer Staples 4.00%
Real Estate 3.00%

Key Investor Documents

Download