St James's Place International Equity L

A portfolio of global equities managed externally by Magellan.

  • 1005.00p
    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.

  • 1110.00p
    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!

  • 2.00%
    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).

  • 2.26%
    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.

  • 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…

Prices as at 25 September 2020

The investment objective of the fund is to achieve long-term capital appreciation by investing internationally in a focused portfolio of equities.

Fund summary

Sector Global
Structure UNIT TRUST
Launched February, 1997
Size £0m
Yield 0.00%
Charging basis
Dividends paid Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread -0.02%
Annual management charge 2.00%
Ongoing charges figure 2.26%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.44%
  • 16/17 -0.15%
  • 17/18 0.16%
  • 18/19 0.73%
  • 19/20 -0.12%

Bestinvest MRI

  • 3 years 0.26%
  • 5 years 0.04%
  • Career 0.06%
  • 3 years 93.20%
  • 5 years 84.40%
  • Career 92.90%

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

Hamish Douglass

Douglass is co-founder and Chief Executive Officer of Magellan Financial Group and is the Portfolio Manager for the Magellan Global Fund. Prior to Magellan Douglass was Co-Head of Global Banking for Deutsche Bank AG in Australia and New Zealand. He is a member of the Australian Government’s Foreign Investment Review Board (FIRB), a member of the Australian Government’s Financial Literacy Board, a member of the Australian Government’s Takeovers Panel and is a member of the Forum of Young Global Leaders – World Economic Forum. Douglass is a member of Magellan’s Investment Committee and the lead Portfolio Manager for Global Equities.

Track record

Hamish Douglass has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.06%. During the worst period of relative performance (from June 2013 - March 2018) there was a decline of 11% relative to the index. The worst absolute loss has been 10%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 93%.

Periods of worst performance

Absolute -10.00% (January 2020 - March 2020)
Relative -11.00% (June 2013 - March 2018)

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 31 July 2020

.0773% Microsoft Corp
.0733% Alibaba Group Hldg Ltd
.0685% Tencent Hldgs Ltd
.0612% Facebook Inc
.0601% Alphabet Inc
.0489% Reckitt Benckiser Group Plc
.0422% Starbucks Corp
.0418% Sap Se
.0379% Novartis Ag
.0378% Xcel Energy Inc
Source: Trustnet

Sector breakdown

Communications 19.00%
Information Technology 18.00%
Consumer Discretionary 18.00%
Others 14.00%
Consumer Staples 13.00%
Utilities 10.00%
Health Care 4.00%
Real Estate 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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