Unicorn UK Smaller Companies B

Targets capital growth from small cap and mid cap UK equities.

  • 670.76p
    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).

  • 0.83%
    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.

  • 0.70%
    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 data last updated 21 April 2006

The fund aims to achieve long-term capital growth by investing predominantly in shares in smaller UK companies, where a smaller company is defined as a constituent of the Numis Smaller Companies Index (excluding Investment Companies). The fund may invest up to 20% of the portfolio in companies not included in this index, including those listed on the Alternative Investment Market.

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched July, 2002
Size £53m
Yield 0.70%
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 0.83%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.02%
  • 17/18 0.84%
  • 18/19 0.09%
  • 19/20 0.52%
  • 20/21 0.07%

Bestinvest MRI

  • 3 years 0.23%
  • 5 years 0.31%
  • Career 0.33%
  • 3 years 76.10%
  • 5 years 90.20%
  • Career 97.60%

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

Simon Moon

Moon graduated with BSc (Hons) in Archaeology from the University of Liverpool. Following three years working with in the NHS finance department he moved to the City in 2007 to work for JM Finn as a research analyst. He joined Unicorn November 2008 and has been co manager of the Unicorn UK Smaller Companies fund since March 2013.

Track record

Simon Moon has 8.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.33%. During the worst period of relative performance (from July 2014 - March 2015) there was a decline of 7% relative to the index. The worst absolute loss has been 36%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -36.00% (January 2020 - March 2020)
Relative -7.00% (July 2014 - March 2015)

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

5.8407% Goodwin
5.6638% Frontier Developments Plc
4.8903% Codemasters Group Holdings Plc
4.6595% Somero Enterprise Inc
4.516% Alpha Fx Group Plc
4.289% Avon Rubber
3.8746% Numis Corp
3.8209% Breedon Group Plc
3.5954% Severfield Plc
3.1944%4 imprint Group Plc
Source: Trustnet

Sector breakdown

Industrials 21.00%
Financial Services 15.00%
Leisure 11.00%
Money Market 7.00%
Building & Construction 7.00%
Media 5.00%
Aerospace & Defence 4.00%
Transport 4.00%
Support Services 4.00%
Software 4.00%

Key Investor Information

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