fund
Slater Growth P
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922.66p
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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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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0.80%
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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0.00%
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…
The fund's objective is long term capital growth, principally by investing in UK companies. The portfolio includes businesses of all sizes, but typically has a strong bias to small cap stocks. Manager Mark Slater favours companies offering sustainable growth at attractive valuations, forming a concentrated portfolio with at times large holdings in his highest conviction positions.
Fund summary
| Sector | UK All Companies |
| Structure | UNIT TRUST |
| Launched | |
| Size | £1,306m |
| Yield | 0.00% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.80% |
Allocation
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Investment process
The primary valuation tool utilised in stock selection is the price earnings to growth ratio (PEG) - the manager looks for companies whose value (based on PE) is cheap compared to their growth rate. He screens the entire UK market for low PEG ratios, then applies a secondary cashflow-based screen to verify the earnings figure. Around 85% of portfolio companies come from this screening process, though other sources are also used. The resulting companies are then analysed with a focus on: - Sustainable and above-average earnings growth prospects; - Robust balance sheet/low debt; - A competitive advantage such as a high market share or brand name; - A positive recent trading statement; - An absence of heavy directors’ selling and ideally some recent directors’ buying. Only once this analysis has taken place does Slater meet company management. He is supported by a co-manager and two highly experienced analysts.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
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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Sector breakdown
| Others | 17.00% |
| Software | 13.00% |
| Biotechnology/Medical | 13.00% |
| Media | 13.00% |
| Services | 9.00% |
| Financials | 7.00% |
| Consumer Services | 7.00% |
| Healthcare & Medical Products | 3.00% |
| Insurance | 3.00% |
| Food & Drug Retailers | 3.00% |
Portfolio
25-40 stocks.
Key Investor Information