RIVER AND MERCANTILE UK EQUITY SMALLER COMPANIES A

RIVER AND MERCANTILE UK EQUITY SMALLER COMPANIES A - Overview

Overview of RIVER AND MERCANTILE UK EQUITY SMALLER COMPANIES A

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. RIVER AND MERCANTILE UK EQUITY SMALLER COMPANIES A does not fall into either of these categories at present.

  • Standard Initial Charge 5.25%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched November, 2006
Size £282m
Yield 0.5%
Charging basis
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.74%

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

No information available.

Portfolio

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 90
Europe 5
North America 2
Japan 0
Pacific 0
Other Equity 3
Allocation Proportion(%)
Large Caps 0
Mid Caps 15
Small Caps 85
View all performance data for this fund

Investment process

The investment objective of the Fund is to achieve capital growth by investing in a portfolio of investments which shall primarily consist of UK equities which reside in the bottom 10% of the UK stock market, in terms of market capitalisation.

Live feed

Bid price(inc) 220.47p
Accum units 220.47p
Fund commentary
Fund data updated on 16/04/14

* 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 90
Europe 5
North America 2
Japan 0
Pacific 0
Other Equity 3

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 15
Small Caps 85

Top 10 holdings

As at: 31/12/2013
2.3% Utilitywise Plc
2.2% Ultra Electronics Hldgs
1.9% Plus500 Ltd
1.9% Hansteen Hldgs
1.9% Home Retail Group Plc
1.9% Avon Rubber
1.8% Quindell Plc
1.8% Benchmark Hldgs Plc
1.8% Beazley Plc
1.7% Kentz Corporation Ltd
Source: Trustnet

Sector breakdown

Industrials 26%
Consumer Services 25%
Financials 18%
Technology 14%
Health Care 5%
Oil & Gas 5%
Consumer Goods 4%
Telecommunications 2%
Basic Materials 2%

Portfolio details

No information available.

Constraints

No information available.

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
  0.61% 99.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Daniel Hanbury

Manager. Hanbury graduated from Loughborough University in 1996 with a 1st class degree in Mechanical Engineering, before joining Schroder Investment Management. He spent 1 year on the UK Fund Management desk before joining the research department for 2 years as an analyst in the Pan European Capital Goods Team. In April 2000 he joined the Investec Investment Team where he managed the UK Smaller Companies Fund and was a member of the Global Capital Goods Team. He left Investec in June 2006, joining River and Mercantile that October.

Track record

Daniel Hanbury 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 +0.61%. During the worst period of relative performance (from September 2000 - February 2001) there was a decline of 14% relative to the index. The worst absolute loss has been 31%. 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 -31% (September 2000 - March 2003)
Relative -14% (September 2000 - February 2001)

Sector record since May 2000 (7 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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