fund
TB Saracen Global Income and Growth B
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160.07p
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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215.42p
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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1.02%
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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4.20%
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…
Fund summary
| Sector | Global Equity Income |
| Structure | OEIC |
| Launched | June, 2011 |
| Size | £0m |
| Yield | 4.20% |
| Charging basis | 50% Income 50% Capital |
| Dividends paid | 31 Mar, 30 Sep |
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 | 1.02% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 -0.05%
- 17/18 -0.23%
- 18/19 -0.63%
- 19/20 -0.56%
- 20/21 -1.25%
Bestinvest MRI
- 3 years -0.81%
- 5 years -0.54%
- Career -0.61%
- 3 years 2.90%
- 5 years 4.30%
- Career 0.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Graham Campbell / David Keir
Campbell joined Saracen Fund Managers in 2011. Prior to this he was an investment director at Edinburgh Partners having joined from SWIP in 2003. He holds a BA (Hons) degree in Business Studies from Glasgow Caledonian University, an MBA from Edinburgh University and is a CFA charterholder. Keir joined Saracen Fund Managers in 2013 having joined from Edinburgh Fund Managers. He has over 15 years of experience in the financial industry and is a Chartered Accountant and CFA Charterholder. Keir studied Business Studies and Accounts (BCom Honours) at the University of Edinburgh.
Track record
Graham Campbell / David Keir has 6.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.61%. During the worst period of relative performance (from June 2014 - October 2020) there was a decline of 43% relative to the index. The worst absolute loss has been 26%.
Periods of worst performance
| Absolute | -26.00% (July 2019 - March 2020) |
| Relative | -43.00% (June 2014 - October 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.
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Sector breakdown
| Financials | 19.00% |
| Health Care | 17.00% |
| Industrials | 16.00% |
| Technology | 16.00% |
| Basic Materials | 14.00% |
| Consumer Goods | 10.00% |
| Consumer Services | 5.00% |
| Oil & Gas | 4.00% |
| Money Market | 1.00% |