fund
UBS Global Allocation C
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89.75p
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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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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0.89%
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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1.50%
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 | Mixed Investment 40-85% Shares |
| Structure | OEIC |
| Launched | August, 2012 |
| Size | £133m |
| Yield | 1.50% |
| Charging basis | |
| Dividends paid | Acc units only |
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 | 0.89% |
Allocation
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Investment process
The fund aims to achieve long-term capital growth through active management of a diversified portfolio invested in domestic and international equities, bonds and cash.
Manager research
Average monthly relative returns
- 16/17 0.05%
- 17/18 0.17%
- 18/19 -0.05%
- 19/20 0.21%
- 20/21 0.09%
Bestinvest MRI
- 3 years 0.08%
- 5 years 0.09%
- Career 0.02%
- 3 years 68.80%
- 5 years 76.10%
- Career 78.80%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Andreas Koester
Koester joined UBS Global Asset Management in 2009 having previously worked at Schroder Investment Management where he was Head of US & European Multi-Asset Solutions and was also a member of their global asset allocation and alternative investment committees. Prior to joining Schroder in 2005, he worked for AXA Investment Managers and Commerzbank Asset Management in various portfolio management and asset allocation roles. He began his career in the investment banking division of Société Generale. Koester is a DVFA (Society of Investment Professionals in Germany) Charterholder and also holds the Certified EFFAS Financial Analyst (CEFA) and Investment Management Certificate (IMC) qualifications. He attended the University of Osnabrueck (Germany), BA and Heinrich Heine University of Düsseldorf (Germany), MBA
Track record
Andreas Koester has 10.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from April 2010 - November 2011) there was a decline of 16% relative to the index. The worst absolute loss has been 19%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 79%.
Periods of worst performance
| Absolute | -19.00% (December 2019 - March 2020) |
| Relative | -16.00% (April 2010 - November 2011) |
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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Portfolio
This fund will hold between 250 - 300 positions in its portfolio.
Key Investor Information