SVM World Equity B

  • 498.80p
    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).

  • 1.26%
    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.

  • 0.20%
    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 07 May 2021

Fund summary

Sector Global
Structure OEIC
Launched December, 2010
Size £16m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

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 1.26%

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Investment process

The objective of this Fund is to achieve above average capital growth over the medium to long term (although short-term investment opportunities will also be considered) and it aims to outperform its peers in the IA Global Sector. The Fund will invest in a portfolio of global equities and other equity related investments such as exchange traded funds.

Manager research

Average monthly relative returns

  • 16/17 -0.02%
  • 17/18 0.03%
  • 18/19 -0.13%
  • 19/20 -0.26%
  • 20/21 1.81%

Bestinvest MRI

  • 3 years 0.47%
  • 5 years 0.29%
  • Career 0.26%
  • 3 years 84.90%
  • 5 years 82.90%
  • Career 92.50%

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

Neil Veitch

Prior to joining SVM, Veitch was responsible for UK mid & small cap investments at Dutch merchant bank, Kempen Capital Management. As well as managing the UK portfolios, he also managed European mandates. He holds a BA (Hons) in Economics, a MSc in Investment Management and is qualified as a Chartered Financial Analyst (CFA). His sector responsibilities include European industrials, technology, oil and gas E&P and UK support services & house builders.

Track record

Neil Veitch has 15.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.26%. During the worst period of relative performance (from April 2006 - October 2008) there was a decline of 44% relative to the index. The worst absolute loss has been 66%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 93%.

Periods of worst performance

Absolute -66.00% (May 2007 - February 2009)
Relative -44.00% (April 2006 - 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

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Top 10 holdings

Data accurate as at 31 July 2020

9.44% Alphabet Inc
9.41% Microsoft Corp
8.61% Visa Inc
4.9% Uniphar Plc
4.48% Sk Hynix Inc
4.46% Micron Technology Inc
4.28% Roche Hldg Ag
4.26% Crh
4.15% Synthomer Plc
3.99% Capgemini Se
Source: Trustnet

Sector breakdown

Technology 35.00%
Industrials 13.00%
Financials 12.00%
Consumer Services 12.00%
Health Care 9.00%
Basic Materials 7.00%
Oil & Gas 6.00%
Consumer Goods 4.00%

Key Investor Information

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