T Bailey Growth I

Global equity fund of funds.

  • 229.42p
    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!

  • 0.60%
    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).

  • 1.53%
    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 22 June 2021

Fund summary

Sector Global
Structure UNIT TRUST
Launched December, 1999
Size £0m
Yield 0.00%
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 0.60%
Ongoing charges figure 1.53%

Allocation

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Investment process

The aim of the fund is to provide capital growth over the medium-to-long term and to outperform the IA Global sector mean over rolling three-year periods. The fund invests predominantly in equities, largely via underlying Regulated Collective Investment Schemes.

Manager research

Average monthly relative returns

  • 16/17 -0.54%
  • 17/18 0.23%
  • 18/19 -0.70%
  • 19/20 -0.48%
  • 20/21 0.84%

Bestinvest MRI

  • 3 years -0.11%
  • 5 years -0.13%
  • Career -0.16%
  • 3 years 51.60%
  • 5 years 51.60%
  • Career 44.00%

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

Richard Martin / Elliot Farley

Farley has been involved with the T. Bailey funds since 2000. He was previously an ACA with Deloitte & Touche and is a Warwick University Mathematics graduate.

Track record

Richard Martin / Elliot Farley has 10.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from July 2011 - March 2020) there was a decline of 30% relative to the index. The worst absolute loss has been 19%.

Periods of worst performance

Absolute -19.00% (December 2019 - March 2020)
Relative -30.00% (July 2011 - March 2020)

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 28 August 2020

5.8452% Baillie Gifford Japanese Smaller Companies B Acc
5.674% Lf Miton European Opportunities F Acc
5.5464% Mi Chelverton Uk Equity Growth B Acc
5.4919% Jpm Japan C Acc
5.4715% Gold Bullion Securities Ld Gold Bullion Securities Usd
5.3057% Ishares Digitalisation Ucits Etf Usd
5.2358% Lf Miton Us Smaller Companies F Acc
5.2102% Baillie Gifford Pacific B Acc
4.9817% Polar Capital Automation & Artificial Intelligence S Acc Gbp
4.9132% First Trust Global Funds Public Limited Company Cloud Computing Ucits Etf Acc Gbp
Source: Trustnet

Sector breakdown

Information Technology 16.00%
Industrials 8.00%
Health Care 8.00%
Consumer Discretionary 8.00%
Money Market 8.00%
Communications 7.00%
Financials 7.00%
Commodity & Energy 4.00%
Materials 4.00%
Consumer Staples 3.00%

Key Investor Information

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