TM Cavendish Opportunities B

  • 998.50p
    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!

  • 0.75%
    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).

  • 0.81%
    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.

  • 1.80%
    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 26 May 2020, fund data last updated 27 February 2006

Paul Mumford began his City career in late 1963. He employs his considerable experience to identify undervalued companies. Companies which are cheap in their own right as well as recovery and special situations are all considered. The fund invests mainly within smaller companies and has a 'value' bias.

Fund summary

Sector UK All Companies
Structure OEIC
Launched
Size £72m
Yield 1.80%
Charging basis
Dividends paid 15 Jan, 15 Jul

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.81%

Allocation

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Investment process

Paul Mumford has managed this fund since its launch in 1988, making this a rather unusual fund in having such a long serving manager. Although this fund specialises primarily in smaller company situations, it can also invest in larger companies and therefore qualifies for the All Companies sector. The larger cap ideas tend to be recovery or special situations. Mumford is primarily a stock picker looking for "cheap" stocks, leading to a bias more towards value than growth.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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

Energy 24.00%
Industrials 16.00%
Consumer Discretionary 14.00%
Financials 10.00%
Technology 9.00%
Communications 9.00%
Health Care 7.00%
Consumer Staples 7.00%
Materials 2.00%
Money Market 2.00%

Portfolio

There are around 65 holdings within the fund.

Key Investor Information

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