fund
Sarasin Global Higher Dividend P
Global income fund investing in accordance with Sarasin's investment themes.
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169.70p
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.
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310.70p
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?
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0.00%
Initial chargeSome 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!
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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).
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0.99%
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.
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3.40%
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…
Fund summary
| Sector | Global Equity Income |
| Structure | OEIC |
| Launched | October, 2012 |
| Size | £427m |
| Yield | 3.40% |
| Charging basis | Capital |
| Dividends paid | 28 Feb, 31 May, 31 Aug, 30 Nov |
Charges
| 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 | 0.99% |
Allocation
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Investment process
Sarasin International Equity Income Fund seeks to achieve a consistently attractive level of income and in addition seeks long-term capital appreciation. It is intended that the Fund will invest in a portfolio of international securities that satisfy one or more investment themes that are expected to be key drivers of corporate profitability, investment performance and yield.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 -0.12%
- 19/20 -0.62%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.60%
- 3 years 0.00%
- 5 years 0.00%
- Career 7.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Simon Steele
Simon Steele (London), Head of Global Equities from June 2016. Mr Steele’s investment career spans 25 years’ with much of it dedicated to the management of UK and Global equity portfolios across a wide range of mandates. Prior to that he has worked at Fuji-Lord Abbett, the Royal Bank of Scotland, CCLA and Sarasin & Partners. His previous position at Sarasin & Partners involved managing the Global Equity High Yield, Global Dividend and International Income funds aggregating a total of £1.4bn assets. Mr Steele is a Chartered Member of the Institute for Securities and Investment.
Track record
Simon Steele has 3.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.6%. During the worst period of relative performance (from April 2002 - March 2005) there was a decline of 23% relative to the index. The worst absolute loss has been 43%.
Periods of worst performance
| Absolute | -43.00% (April 2002 - January 2003) |
| Relative | -23.00% (April 2002 - March 2005) |
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.
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Top 10 holdings
Data accurate as at 31 July 2020
| 4.3% | United Parcel Service Inc |
| 4.2% | Reckitt Benckiser Group Plc |
| 4.1% | Broadcom Inc |
| 4.1% | Unilever |
| 4% | Taiwan Semiconductor Co |
| 4% | Schneider Electric Se |
| 3.9% | Colgate-Palmolive Co |
| 3.8% | Home Depot Inc |
| 3.8% | Enel Spa |
| 3.7% | Texas Instruments Inc |
| Source: Trustnet |
Sector breakdown
| Health Care | 19.00% |
| Financials | 15.00% |
| Information Technology | 14.00% |
| Consumer Staples | 14.00% |
| Industrials | 13.00% |
| Consumer Discretionary | 6.00% |
| Utilities | 6.00% |
| Materials | 5.00% |
| Real Estate | 4.00% |
| Energy | 2.00% |