VT Castlebay UK Equity B

A concentrated portfolio of UK equities run with a "quality value" style at boutique Castlebay.

  • 142.68p
    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!

  • 0.80%
    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).

  • 0.80%
    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.

  • 2.90%
    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 20 January 2022, we don’t currently provide commentary on this fund.

Fund summary

Sector UK All Companies
Structure OEIC
Launched January, 2015
Size £101m
Yield 2.90%
Charging basis
Dividends paid Aug, Nov, Feb, May

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.80%
Ongoing charges figure 0.80%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 17/18 -0.11%
  • 18/19 0.41%
  • 19/20 0.24%
  • 20/21 1.64%
  • 21/22 -1.04%

Bestinvest MRI

  • 3 years 0.28%
  • 5 years 0.23%
  • Career 0.14%
  • 3 years 81.90%
  • 5 years 86.70%
  • Career 83.40%

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

David Ridland

Ridland co-founded Castlebay and has managed its UK Equity fund since inception. Previously he managed UK equities at Ignis and Barclays. He took Modern History at the University of St Andrews, as well as the MSC in Investment Analysis at Stirling University.

Track record

David Ridland has 6.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%. During the worst period of relative performance (from September 2020 - October 2021) there was a decline of 14% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 83%.

Periods of worst performance

Absolute -17.00% (December 2019 - March 2020)
Relative -14.00% (September 2020 - October 2021)

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 2021

5.7759% Croda International Plc
5.1688% Admiral Group Plc
5.1121% Reckitt Benckiser Group Plc
5.0129% Unilever Plc
5.0096% Diageo
5.0021% Victrex
4.9676% Relx Plc
4.9111% Intertek Group
4.4985% Compass Group Plc
4.3315% Craneware Plc
Source: Trustnet

Sector breakdown

Consumer Staples 29.00%
Consumer Discretionary 20.00%
Industrials 17.00%
Health Care 11.00%
Materials 11.00%
Financials 5.00%
Cash & Cash Equivalents 4.00%
Information Technology 2.00%

Key Investor Information

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