TB Saracen UK Income B

  • 108.31p
    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.

  • 143.72p
    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!

  • 0.50%
    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).

  • 1.16%
    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.

  • 2.10%
    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 30 July 2021

Fund summary

Sector UK Equity Income
Structure OEIC
Launched March, 2015
Size £0m
Yield 2.10%
Charging basis
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 0.50%
Ongoing charges figure 1.16%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.87%
  • 17/18 0.46%
  • 18/19 -0.37%
  • 19/20 -0.59%
  • 20/21 1.43%

Bestinvest MRI

  • 3 years 0.16%
  • 5 years 0.36%
  • Career 0.01%
  • 3 years 67.40%
  • 5 years 88.90%
  • Career 75.80%

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

Scott McKenzie

McKenzie spent nine years at Britannia Asset Management where he managed income funds, including the Britannia High Yield Fund, and also had responsibility for client servicing. He moved to Norwich Union Investment Management (which later became Aviva) in 1999, managing its UK Equity Income fund and the RBS Income fund and co-managing the Norwich Distribution fund. He is an Associate Member of the Society of Investment Professionals and has a Management Diploma. In October 2005 McKenzie joined Martin Currie. He moved to Saracen in 2014.

Track record

Scott Mckenzie has 15.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from January 2007 - March 2020) there was a decline of 37% relative to the index. The worst absolute loss has been 52%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 76%.

Periods of worst performance

Absolute -52.00% (May 2007 - June 2016)
Relative -37.00% (January 2007 - 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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Sector breakdown

Financials 33.00%
Industrials 22.00%
Basic Materials 15.00%
Consumer Services 13.00%
Consumer Goods 12.00%
Oil & Gas 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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