fund
TB Wise Income B
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111.14p
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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246.27p
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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0.88%
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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2.90%
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 | Flexible Investment |
| Structure | OEIC |
| Launched | October, 2005 |
| Size | £0m |
| Yield | 2.90% |
| Charging basis | Capital |
| Dividends paid | 15 Feb, 15 May, 15 Aug, 15 Nov |
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 | 0.88% |
Allocation
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Investment process
To provide a starting yield roughly equivalent to a good building society account, with the potential for income and capital growth.
Manager research
Average monthly relative returns
- 16/17 -0.40%
- 17/18 0.36%
- 18/19 -0.20%
- 19/20 -0.21%
- 20/21 0.05%
Bestinvest MRI
- 3 years -0.12%
- 5 years -0.08%
- Career -0.06%
- 3 years 48.80%
- 5 years 54.00%
- Career 64.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Tony Yarrow
Yarrow founded Wise Investment in 1992. Prior to this he graduated from Cambridge university and made a career as an Investment Adviser.
Track record
Tony Yarrow has 12.8 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 April 2008 - May 2020) there was a decline of 23% relative to the index. The worst absolute loss has been 38%.
Periods of worst performance
| Absolute | -38.00% (May 2008 - March 2009) |
| Relative | -23.00% (April 2008 - May 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 31 August 2020
| 7.4121% | Partners Group Princess Private Equity Holdings Limited Ord Eur0.001 (Eur) |
| 7.1781% | Legal & General Group |
| 5.881% | Blackrock World Mining Trust Plc Ord 5p |
| 4.8727% | Rio Tinto |
| 4.2343% | Aberdeen Asian Income Ltd Ord Npv |
| 4.2227% | Middlefield Canadian Income Trust I |
| 3.3818% | Bmo European Assets Trust Plc |
| 3.0381% | Ediston Property Investment Company Plc Ord 1p |
| 2.9985% | Ecofin Global Utilities & Infrastructure Trust Plc Ord 1p |
| 2.8638% | Twentyfour Income Limited Ord Red 1p |
| Source: Trustnet |