1. Search
  2. Smith & Williamson UK Equity Growth B

fund

Smith & Williamson UK Equity Growth B

  • 184.10p
    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?

  • 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!

  • 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).

  • 0.85%
    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.

  • 1.80%
    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 22 January 2021

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched June, 2011
Size £26m
Yield 1.80%
Charging basis Income
Dividends paid 16 Jan, 16 Jul

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 0.85%

Allocation

Proportion (%)

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

Allocation

Proportion (%)

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

Allocation

Proportion (%)

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

Investment process

To achieve long-term growth of capital, primarily through investment in the UK but with some exposure to other world markets. In order to achieve the Trust’s objective, the strategy is to invest primarily in established UK companies where the Manager believes there to be good prospects for above average growth. A combination of fundamental research and quantitative screening is used to manage the portfolio.

Manager research

Average monthly relative returns

  • 16/17 -0.37%
  • 17/18 0.14%
  • 18/19 -0.53%
  • 19/20 0.50%
  • 20/21 0.84%

Bestinvest MRI

  • 3 years 0.27%
  • 5 years 0.12%
  • Career 0.15%
  • 3 years 84.60%
  • 5 years 72.20%
  • Career 90.20%

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

Mark Boucher

Boucher spent six years as an institutional stockbroker after training at Wedd Durlacher. In 1992 he joined Leopold Joseph & Sons, where he ran the Enterprise Long/Short Equity fund. He joined Smith & Williamson in 2006.

Track record

Mark Boucher has 11.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from July 2007 - October 2008) there was a decline of 17% relative to the index. The worst absolute loss has been 46%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 90%.

Periods of worst performance

Absolute -46.00% (May 2007 - February 2009)
Relative -17.00% (July 2007 - October 2008)

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 July 2020

9.3% Astrazeneca Plc
7.7% Rio Tinto
4.8% Reckitt Benckiser Group Plc
4.7% London Stock Exchange Group
4.4% Future Plc
4.1% Tesco Corp
3.7% Crh
3.7% Jd Sports Fashion Plc
3.6% 3i European T Ord Gbp0.10
3.6% Intermediate Capital Group
Source: Trustnet

Sector breakdown

Consumer Discretionary 15.00%
Materials 15.00%
Consumer Staples 15.00%
Health Care 14.00%
Financials 14.00%
Industrials 9.00%
Communications 8.00%
Energy 4.00%
Money Market 3.00%
Utilities 2.00%

Portfolio

This fund will hold 50 positions in its portfolio.

Key Investor Information

Download