VT Momentum Diversified Growth B

  • 216.87p
    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).

  • 1.26%
    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.

  • 2.10%
    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 27 September 2021

The objective of the fund is to provide capital growth mainly through exposure to equities, without taking undue risk. This is potentially a one-stop product for investors, which sets itself apart by the inclusion of third party specialist managers and alternative asset classes. Simon Edwards the manager from launch in 2002 resigned on 30th June 2011 and the co-manager Simon Callow took over the management. This prompted us to downgrade this from 2 stars to 1 star.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched
Size £156m
Yield 2.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.26%

Allocation

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Investment process

The fund is initially structured using a top down approach and subsequently a sector overlay. The equity element of the portfolio is complemented by a smaller spread of investments in Fixed Income, Property, Structured Products, Commodities, Venture Capital and Hedge Funds, with the aim of reducing volatility, providing diversification and introducing an element of total return into the portfolio. The diversification is intended to help the portfolio to outperform in down markets, whilst in rising markets the management rely on astute asset and sector calls to at least maintain pace with market movements. The fund is built around a core of direct holdings in FTSE 350 equities, gilts and investment grade debt securities. Exposure to other assets classes will normally be via open ended and closed collective investment products.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Allocation

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Allocation

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Sector breakdown

Financials 8.00%
Industrials 8.00%
Japanese Equities 7.00%
Global Emerging Market Equities 7.00%
Cash & Cash Equivalents 6.00%
Equities 5.00%
Europe ex UK Equities 5.00%
Mutual Funds 5.00%
Asia/Pacific Equities 4.00%
Property 4.00%

Portfolio

Asset class exposure operates within predefined ranges, core long-term levels are equities: 60%, bonds: 15%, alternative assets: 25%. Compared to competitor funds the model portfolio has a relatively high weighting in International Equities at 25%.

Key Investor Information

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