UBS Global Optimal C

Targets long term capital growth, primarily from overseas equities.

  • 141.36p
    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).

  • 0.84%
    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 09 April 2021

Fund summary

Sector Global
Structure OEIC
Launched August, 2012
Size £20m
Yield 0.30%
Charging basis Income
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 0.84%

Allocation

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Investment process

This fund aims to achieve long-term capital growth through active management of a diversified portfolio invested primarily in overseas securities.

Manager research

Average monthly relative returns

  • 16/17 0.08%
  • 17/18 -0.01%
  • 18/19 -0.21%
  • 19/20 -0.35%
  • 20/21 0.58%

Bestinvest MRI

  • 3 years 0.01%
  • 5 years 0.02%
  • Career -0.10%
  • 3 years 62.60%
  • 5 years 69.20%
  • Career 48.80%

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

Nick Melhuish

Melhuish is a Managing Director and has been Head of Global Equities at UBS Global Asset Management since 2007. Previously, he was the lead portfolio manager and team head for the traditional global equity strategy at Nicholas Applegate Capital Management from 2003 to 2007.

Track record

Nick Melhuish has 13.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from April 2010 - August 2020) there was a decline of 26% relative to the index. The worst absolute loss has been 32%.

Periods of worst performance

Absolute -32.00% (May 2008 - February 2009)
Relative -26.00% (April 2010 - August 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.

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Top 10 holdings

Data accurate as at 31 August 2019

2.9% Amazon.com Inc
2.7% Mastercard Inc
2.3% Mondelez International Inc A
2.2% Wells Fargo & Co
2% Johnson & Johnson
2% Sony Corp
1.8% Facebook Inc
1.8% Microsoft Corp
1.8% Comcast Corp(New)
1.6% Tjx Cos Inc
Source: Trustnet

Sector breakdown

Financials 17.00%
Health Care 15.00%
Information Technology 15.00%
Consumer Discretionary 14.00%
Industrials 12.00%
Communications 10.00%
Consumer Staples 7.00%
Others 4.00%
Energy 3.00%
Materials 2.00%

Key Investor Information

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