fund
SVS Sanlam North American Equity B
Multicap fund targeting long term capital growth from North American equities.
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404.40p
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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0.78%
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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0.20%
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…
The objective of the fund is to achieve long-term growth of capital primarily through investment in securities quoted on markets in North America. In order to achieve the objective, the strategy will be to invest in a wide range of companies, both, small and large, which reflect growth opportunities in various sectors of the North America and global economies.
Fund summary
| Sector | North America |
| Structure | UNIT TRUST |
| Launched | June, 2011 |
| Size | £91m |
| Yield | 0.20% |
| Charging basis | Income |
| Dividends paid | 20 Jan, 20 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 | 0.78% |
Allocation
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Investment process
The fund's objective is to achieve long-term growth of capital primarily through investment in securities quoted on markets in North America. In order to achieve the Trust’s objective, the strategy will be to invest in a wide range of companies, large and small, which reflect growth opportunities in various sectors of the North American and global economies.
Manager research
Average monthly relative returns
- 16/17 0.16%
- 17/18 0.27%
- 18/19 -0.43%
- 19/20 0.32%
- 20/21 0.79%
Bestinvest MRI
- 3 years 0.23%
- 5 years 0.22%
- Career -0.06%
- 3 years 88.10%
- 5 years 94.20%
- Career 52.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Robert Royle
Royle joined Smith & Williamson in December 2008. A CFA charterholder, he joined from Citi Quilter where he had worked as a North American equity anlyst for 18 months. He started his career in 2004 as a member of the investment management team at Lloyds.
Track record
Robert Royle has 7.8 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 September 2013 - December 2018) there was a decline of 22% relative to the index. The worst absolute loss has been 17%.
Periods of worst performance
| Absolute | -17.00% (September 2018 - December 2018) |
| Relative | -22.00% (September 2013 - December 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
| 6.5% | Microsoft Corp |
| 4.9% | Alphabet Inc |
| 4.5% | Nvidia Corp |
| 4.2% | Lowes Companies Inc |
| 3.9% | Danaher Corp |
| 3.8% | Unitedhealth Group Inc |
| 3.6% | Fidelity National Info Services Inc |
| 3.5% | Sba Communications |
| 3.2% | Generac Hldgs |
| 3.2% | Honeywell International Inc |
| Source: Trustnet |
Sector breakdown
| Information Technology | 29.00% |
| Industrials | 20.00% |
| Health Care | 13.00% |
| Communications | 8.00% |
| Consumer Discretionary | 7.00% |
| Consumer Staples | 6.00% |
| Money Market | 4.00% |
| Financials | 4.00% |
| Real Estate | 4.00% |
| Utilities | 3.00% |
Key Investor Information