Unicorn Mastertrust B

International fund of fund of investment trusts.

  • 578.80p
    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).

  • 0.94%
    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.

  • 1.00%
    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 22 June 2021

Fund summary

Sector Flexible Investment
Structure OEIC
Launched December, 2001
Size £126m
Yield 1.00%
Charging basis Income
Dividends paid 30 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 0.94%

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Investment process

Unicorn Mastertrust is a Fund of Investment Trusts. It provides exposure to a widely diversified range of equity markets and asset classes around the world. The Fund seeks to select the best funds from the best managers at the best time.

Manager research

Average monthly relative returns

  • 16/17 0.16%
  • 17/18 0.21%
  • 18/19 -0.33%
  • 19/20 0.14%
  • 20/21 0.98%

Bestinvest MRI

  • 3 years 0.26%
  • 5 years 0.23%
  • Career 0.28%
  • 3 years 82.90%
  • 5 years 88.50%
  • Career 99.30%

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

Peter Walls

Was appointed as a director of Unicorn Asset Management in July 2001. His in-depth knowledge of the collective funds industry was acquired as a leading investment trust analyst and commentator between 1983 and 2001. From 1983 to 1988 he was the investment trust analyst at Hoare Govett (now ABN Amro). Prior to this (1976 to 1983) he produced the Datastream Consortium Investment Trust Service for a group of leading stockbrokers. Peter joined Credit Lyonnais Securities in 1988 where his responsibilities included the publication of the Investment Trust Yearbook and was head of the Investment Trust department before moving to Unicorn in 2001.

Track record

Peter Walls has 18.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.28%. During the worst period of relative performance (from February 2006 - December 2008) there was a decline of 25% relative to the index. The worst absolute loss has been 45%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -45.00% (May 2007 - February 2009)
Relative -25.00% (February 2006 - December 2008)

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 2020

3.1864% Alliance Trust Plc
3.1299% The Biotech Growth Trust Plc
2.854% Blackrock World Mining Trust Plc Ord 5p
2.8416% Herald Investment Trust Plc
2.7416% Harbourvest Gbl Private Equity Ltd
2.7326% Genesis Emerging Market Gbp
2.4404% Oakley Capital Investments Ltd
2.4055% Avi Global Trust Plc
2.4044% Hipgnosis Songs Fund Ltd Ord Npv
2.3944% Aberdeen New Dawn Investment Trust Plc Ord 5p
Source: Trustnet

Sector breakdown

Equities 94.00%
Financial Services 4.00%
Money Market 2.00%

Key Investor Information

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