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BMO RESPONSIBLE UK INCOME 1

BMO RESPONSIBLE UK INCOME 1 - Overview

Overview of BMO RESPONSIBLE UK INCOME 1

This fund's objective is to provide income and long-term capital growth via a portfolio of predominately UK equities that meet the fund's ethical screening criteria. The manager may also invest in other instruments such as corporate bonds and derivatives. Manager Catherine Stanley seeks to invest in companies making a positive contribution to society and the environment, while avoiding investments in companies with damaging or unsustainable business practices. To do this she uses both negative and positive screening, with "invest, avoid and improve" the key philosophy.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK Equity Income
Structure OEIC
Launched October, 1987
Size £445m
Yield 2.8%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

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 86
High yield bonds 0
Quality bonds 5
Property 0
Commodities 0
Hedge 0
Fund cash 9
Allocation Proportion(%)
UK 90
Europe 5
North America 5
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 46
Mid Caps 24
Small Caps 30

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) (10.70p) 144.10p
Accum units 299.20p
Fund commentary 27/06/08
Fund data updated on 30/07/21

Asset allocation

Allocation Proportion(%)
Equity 86
High yield bonds 0
Quality bonds 5
Property 0
Commodities 0
Hedge 0
Fund cash 9

Equity Geographic

Allocation Proportion(%)
UK 90
Europe 5
North America 5
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 46
Mid Caps 24
Small Caps 30

Top 10 holdings

As at: 31/07/2020
7.5% Astrazeneca Plc
5.5% Glaxosmithkline
3.9% Hsbc Hldgs
3.9% Intermediate Capital Group
3.5% Unilever
3.3% Experian Plc
3.1% National Grid
2.7% Vodafone Group
2.6% Legal & General Group
Source: Trustnet

Sector breakdown

Financials 31%
Health Care 14%
Industrials 14%
Consumer Goods 8%
Consumer Services 7%
Fixed Interest 7%
Technology 6%
Others 6%
Utilities 5%
Money Market 3%

Portfolio details

The portfolio may hold up to 20% of it assets within fixed income securities.

Constraints

There are some limits placed on the portfolio but these could result in significant divergences from the benchmark from time to time.

Average monthly relative returns Bestinvest MRI
16/17 17/18 18/19 19/20 20/21   3 years 5 years Career 3 years 5 years Career
0.40% 0.87% -0.22% 0.46% -0.11%   0.04% 0.28% 0.15% 65.50% 96.60% 98.50%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Catherine Stanley

Manager. Stanley joined F&C in 2000 as a fund manager within the UK Smaller Companies team. Prior to joining F&C she spent nine years at Framlington, where she managed retail UK smaller company funds, including the Capital Trust. Stanley has an MA (Hons) in Geography from Oxford University, she is an associate of the UK Society of Investment Professionals and is a member of the CFA Society of the UK.

Track record

Catherine Stanley has 16.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from July 2008 - March 2010) there was a decline of 19% relative to the index. The worst absolute loss has been 53%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance
Absolute -53% (May 2007 - February 2009)
Relative -19% (July 2008 - March 2010)

Sector record since November 2004 (17 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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