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NEWTON UK EQUITY

NEWTON UK EQUITY - Overview

Overview of NEWTON UK EQUITY

The aim is to achieve capital growth and income from a portfolio of predominantly UK equities, investing principally in larger companies, though small and mid sized stocks may also be included. Despite its name, this is not a pure income fund and investors should note the yield is enhanced by deducting charges from capital. Newton follow a global thematic approach, which sets the framework for which sectors to invest in. Note the fund may also invest up to 20% in overseas stocks.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 1985
Size £1,144m
Yield 2.8%
Charging basis Capital
Dividends paid Nov,Feb,May,Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.61%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

In recent years the fund has suffered from Newton's global house themes, which generally have been out of favour with prevailing markets as well as consistency of fund manager tenure. Its most recent fund manager Richard Wilmot took control of the fund in March 2011. The fund is not rated by Bestinvest at present and investors looking for another income-biased UK equity growth fund style fund could consider JO Hambro CM UK Opportunities rated 5 stars by Bestinvest.

Portfolio

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 82
Europe 7
North America 11
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 49
Mid Caps 39
Small Caps 12
View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 701.52p
Accum units 701.52p
Fund commentary 05/01/10
Fund data updated on 17/04/14

* This fund is part of our annual bonus scheme to which conditions apply. If you qualify for the bonus it will be paid on any holding of this fund that you have in your Investment, ISA or SIPP accounts.

Asset allocation

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 82
Europe 7
North America 11
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 49
Mid Caps 39
Small Caps 12

Top 10 holdings

As at: 31/01/2014
7.98% Vodafone Group
4.01% Glaxosmithkline
3.49% Standard Life Plc
3.26% British American Tobacco
3.02% Bhp Billiton Limited
2.44% Diageo
2.43% Prudential Plc
2.31% Whitbread
2.15% Rolls-royce Hldgs Plc
2.08% Compass Group
Source: Trustnet

Sector breakdown

Consumer Services 22%
Financials 16%
Industrials 15%
Consumer Goods 14%
Health Care 10%
Telecommunications 6%
Technology 5%
Oil & Gas 5%
Basic Materials 4%
Utilities 3%

Portfolio details

The fund holds around 60 stocks.

Constraints

Maximum 20% in overseas stocks.
The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
09/10 10/11 11/12 12/13 13/14   3 years 5 years Career 3 years 5 years Career
-0.87% 0.83% -0.15% 0.12% -0.28%   -0.10% -0.07% 0.11% 52.80% 59.90% 89.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Wilmot

Manager. Wilmot joined Newton in 1999 and has managed the Newton UK Smaller Companies Exempt fund since 2001. He holds a BSc and is a Member of the Institute of Chartered Accountants in England and Wales, Member of the United Kingdom Society of Investment Professionals (UKSIP). From 1994 -1999 he worked at Price Waterhouse Financial Services Management Consultancy and Audit.

Track record

Richard Wilmot has 8.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from February 2009 - December 2009) there was a decline of 18% relative to the index. The worst absolute loss has been 29%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance
Absolute -29% (October 2007 - March 2009)
Relative -18% (February 2009 - December 2009)

Other funds managed

  Start Date
NEWTON UK EQUITYMar 2011

Sector record since December 2005 (8 yrs)




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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