Santander UK Growth R

A large UK fund with a conservative investment policy.

  • 234.70p
    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.

  • 412.10p
    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!

  • 1.25%
    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).

  • 1.27%
    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.

  • 2.70%

    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 27 November 2020, fund data last updated 14 July 2003

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched March, 1995
Size £0m
Yield 2.70%
Charging basis
Dividends paid Jun, Dec


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.27%


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}

Investment process

The fund invests in a diversified portfolio of UK securities with the aim of producing capital growth and income. It should be noted that the fund's investment process operated with a growth style bias.

Manager research

Average monthly relative returns

  • 15/16 0.17%
  • 16/17 -0.08%
  • 17/18 0.00%
  • 18/19 -0.25%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.09%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 95.10%

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

Graham Ashby

Ashby holds a BSc in Physics from Nottingham University and is an Associate of the Society of Investment Professionals. After graduating he worked at Crown Financial Management for four years as an UK Investment Analyst. He then moved to Friends Provident for a time before joining Deutsche in 1994 as a UK Portfolio Manager. He went on to manage a number of their equity income funds before leaving DWS in November 2005 after it was acquired by Aberdeen. He joined Sarasin Chiswell in January 2006 where he was Head of Equity Income and UK Equities before moving to Credit Suisse in October 2007 as a specialist portfolio manager for UK and global equity income funds. He subsequently worked at Ignis before joining Santander in 2015.

Track record

Graham Ashby has 11 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from February 2009 - December 2009) there was a decline of 10% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 95%.

Periods of worst performance

Absolute -37.00% (October 2007 - February 2009)
Relative -10.00% (February 2009 - December 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.


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}


Proportion (%)

  • {{chartDataItem.text}}

Top 10 holdings

Data accurate as at 31 July 2020

4.9678% British American Tobacco
4.6565% Softcat Plc
4.3974% Roche Hldg Ag
4.2096% Rio Tinto
3.6688% Berkeley Group Hldgs Plc (The)
3.6136% Anglo American
3.4842% Legal & General Group
3.1921% Ashtead Group
3.0372% Relx Plc
3.0202% Hilton Food Group Plc
Source: Trustnet

Sector breakdown

Consumer Staples 20.00%
Financials 18.00%
Materials 15.00%
Technology 12.00%
Industrials 10.00%
Consumer Discretionary 10.00%
Health Care 6.00%
Energy 5.00%
Communications 3.00%
Money Market 1.00%


The number of stocks held in the portfolio will usually range from 70-90 holdings.


Maximum active stock weighting is +/-2% against the FTSE All Share index.

Key Investor Information - Income


Key Investor Information - Accumulation