TM Cerno Select C

  • 1368.00p
    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.

  • 1398.00p
    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).

  • 1.49%
    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.

  • 0.30%
    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 17 February 2020

Fund summary

Sector Flexible Investment
Structure OEIC
Launched September, 2013
Size £96m
Yield 0.30%
Charging basis
Dividends paid

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 1.49%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 -1.36%
  • 17/18 -0.45%
  • 18/19 -0.52%
  • 19/20 -0.74%

Bestinvest MRI

  • 3 years -0.57%
  • 5 years 0.00%
  • Career -0.78%
  • 3 years 5.80%
  • 5 years 0.00%
  • Career 0.20%

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

James Spence

Track record

James Spence has 4.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.78%. During the worst period of relative performance (from September 2015 - September 2019) there was a decline of 36% relative to the index. The worst absolute loss has been 8%.

Periods of worst performance

Absolute -8.00% (August 2018 - December 2018)
Relative -36.00% (September 2015 - September 2019)

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 30 November 2019

27.6% Global Leaders
7.4% Ishares Msci Japan (Gbp)
5.8% Hicl Infrastructure Co Ltd
5.3% Bb Healthcare Trust Plc Red Ord 1p
5% Matthews Asia Funds China Small Comp S Gbp Cap
4.6% Wisdomtree Physical Swiss Gold
4.5% Ishares Physical Gold
4.5% Ocean Dial Emerging India A
4% Baillie Gifford Global Discovery B Acc
3.5% Hipgnosis Songs Limited C Npv
Source: Trustnet

Sector breakdown

Mutual Funds 46.00%
Money Market 12.00%
Property Shares 7.00%
Investment Companies 7.00%
Chemicals 4.00%
Software 3.00%
Healthcare & Medical Products 3.00%
Semi Conductors 3.00%
Machinery 2.00%
Electronics 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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