Royal London UK Growth Trust A

Targets capital growth from investment in UK equities.

  • 434.10p
    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.

  • -
    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?

  • 5.00% 1.76%

    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!

  • 1.50%
    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).

  • 1.53%
    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.

  • 2.30%
    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 30 March 2020, fund data last updated 24 February 2009

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched September, 1989
Size £1,138m
Yield 2.30%
Charging basis
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 1.76%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.53%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.25%
  • 16/17 -0.26%
  • 17/18 0.11%
  • 18/19 0.18%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.03%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 76.40%

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

Andrew Moffat

Andrew Moffat currently manages the UK Growth Trust, having previously managed the UK Income with Growth Trust for 11 years. He previously worked for Equitable Life as UK Fund Manager and trained as an Investment Analyst with Confederation Life in the City. Moffat qualified as an Associate Member of the Society of Investment Analysts in 1990 and is an ongoing Associate of the CFA, UK. He has a BA in Economics and an MA in Finance & Investment.

Track record

Andrew Moffat has 12 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from January 1999 - February 2000) there was a decline of 21% relative to the index. The worst absolute loss has been 35%.

Periods of worst performance

Absolute -35.00% (April 1999 - January 2003)
Relative -21.00% (January 1999 - February 2000)

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 28 February 2020

4.3514% Diageo
3.9656% Lloyds Banking Group Plc
3.5803% Relx Nv
3.5049% Astrazeneca Plc
3.3995% Experian Group Ltd Usd0.1
3.1786% Rentokil Initial Plc
2.9557% Rio Tinto
2.7617% Royal Dutch Shell
2.7409% Smith & Nephew
2.7023% Bellway
Source: Trustnet

Sector breakdown

Financials 25.00%
Industrials 23.00%
Consumer Services 10.00%
Consumer Goods 10.00%
Health Care 10.00%
Basic Materials 9.00%
Oil & Gas 7.00%
Technology 4.00%
Utilities 2.00%

Key Investor Information

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