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UNICORN UK ETHICAL INCOME B

UNICORN UK ETHICAL INCOME B - Overview

Overview of UNICORN UK ETHICAL INCOME B

The fund aims to achieve an historic yield in excess of 110% of the FTSE All Share yield, over a 3 year period, by investing primarily in UK companies which meet the ACD’s ethical guidelines. The fund will invest in ethical companies based on thorough company analysis, with ethical and socially responsible criteria reviewed at the point of investment and quarterly thereafter. The portfolio a bias towards small and medium sized companies.

  • Standard Initial Charge 2.50%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK Equity Income
Structure OEIC
Launched April, 2016
Size £75m
Yield 3.0%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 2.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.81%

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 96
Europe 1
North America 3
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 0
Mid Caps 14
Small Caps 86

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 106.34p
Accum units 132.96p
Fund commentary
Fund data updated on 30/07/21

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 96
Europe 1
North America 3
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 0
Mid Caps 14
Small Caps 86

Top 10 holdings

As at: 31/08/2020
5.7597%Londonmetric Property Plc
5.6474%Telecom Plus
4.9862%Sabre Insurance Group Plc
4.8811%Phoenix Group Hldgs Plc
4.7202%B & M European Value Retail Sa
4.6364%Primary Health Properties
4.4251%Hill & Smith Hldgs
3.6878%Brewin Dolphin Hldgs
3.5785%Polar Capital Hldgs Plc
3.235%Xps Pensions Group Plc Ord Gbp0.0005
Source: Trustnet

Sector breakdown

Financial Services 20%
Industrials 13%
Property Shares 13%
Building & Construction 8%
Telecommunications 6%
Money Market 5%
Insurance 5%
Life Insurance 5%
Retailers - General 5%
Software 5%

Portfolio details

No information available.

Constraints

No information available.

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
0.67% -0.37% 0.08% -0.41% 0.61%   0.09% 0.12% 0.03% 65.50% 72.90% 63.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Simon Moon / Fraser Mackersie

Manager. Moon graduated with a BSc (Hons) in Archaeology from the University of Liverpool. Following three years working in the NHS on their graduate finance scheme, he moved to the City in 2007 to work for JM Finn as a research analyst. He joined Unicorn in November 2008. Mackersie graduated with a BSc (Hons) in Economics and Management from the University of St. Andrews in 2003. Following University he worked for Geoghegans Chartered Accountants in Edinburgh and qualified as a Chartered Certified Accountant (ACCA) in October 2006. He then spent two years with F&C Asset Management before joining Unicorn in October 2008.

Track record

Simon Moon / Fraser Mackersie has 7.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%. During the worst period of relative performance (from September 2015 - June 2020) there was a decline of 17% relative to the index. The worst absolute loss has been 34%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 64%.

Periods of worst performance
Absolute -34% (December 2019 - March 2020)
Relative -17% (September 2015 - June 2020)

Other funds managed

Sector record since June 2014 (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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