UNICORN UK SMALLER COMPANIES A

UNICORN UK SMALLER COMPANIES A - Overview

Overview of UNICORN UK SMALLER COMPANIES A

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

  • Standard Initial Charge 5.50%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched August, 2002
Size £83m
Yield 0.5%
Charging basis Income
Dividends paid 30 Nov

Charges

Standard initial charge 5.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 2.11%

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 94
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 6
Allocation Proportion(%)
UK 97
Europe 0
North America 3
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 0
Mid Caps 7
Small Caps 93
View all performance data for this fund

Investment process

The aim is to produce capital growth by investing in a portfolio of UK listed smaller companies. The benchmark for the fund is the Numis Smaller Companies index. The manager invests in a focused portfolio of stocks aiming to identify good quality companies ahead of an improvement, that is, at a point in their business cycle where their true worth is not fully recognised by the stockmarket. Favoured company characteristics include: experienced and well-motivated management; good cash generation to finance ongoing development allied with a progressive dividend policy and sound operational and financial controls.

Live feed

Bid price(inc) 409.35p
Accum units 409.35p
Fund commentary 21/04/06
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 94
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 6

Equity Geographic

Allocation Proportion(%)
UK 97
Europe 0
North America 3
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 7
Small Caps 93

Top 10 holdings

As at: 31/01/2014
4.5% Porvair Plc
4.1% Trifast
3.9% Servelec Group Plc
3.9% Goodwin
3.6% Vp
3.6% Ncc Group
3.4% Pendragon Plc
3.3% Tyman Plc
3.1% Acal
3% Avon Rubber
Source: Trustnet

Sector breakdown

Software 19%
Industrials 13%
Support Services 13%
Retailers - General 9%
Financial Services 7%
Electronic & Electrical Equipment 7%
Building & Construction 6%
Transport 5%
Money Market 5%
Travel 4%

Portfolio details

A focused portfolio of around 20-30 stocks.

Constraints

There are no specific constraints on the holdings within this fund.
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
1.00%   0.87%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

John Mcclure / Simon Moon

Manager. McClure is an Investment Manager at Unicorn Asset Management and has specialised in investing in UK smaller companies for the past 24 years. He previously managed smaller companies portfolios at Guinness Flight Global Asset Management Limited (April 1992 – October 1997) before joining Unicorn in 1997. Prior to this he worked for United Friendly Assurance (September 1987 – January 1989) and Hermes Asset Management (January 1989 – April 1992). McClure is a Business Administration graduate from Strathclyde University with an MBA from Edinburgh University. Simon 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

The track record of John Mcclure / Simon Moon in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance
Absolute -1% (February 2014 - March 2014)
Relative -3% (June 2013 - July 2013)

Other funds managed

  Start Date
UNICORN UK SMALLER COMPANIES AMar 2013

Sector record since March 2013 (1 yr)




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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