MI Downing UK Micro-Cap Growth B (FUND:B2403R7) - Fund price - Overview

Fund Report

MI Downing UK Micro-Cap Growth Fund B shares

Key Stats
Morningstar® CategoryUK Small-Cap Equity
Manager NameJudith Mackenzie
Inception Date05/09/2008
NAV 26/07/2017GBX 217.61
Day Change-0.02%
12 Month Yield0.42%
ISINGB00B2403R79
SEDOLB2403R7
Dividend FrequencySemi-Annually
Net Assets (mil) 30/06/201729.81 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time08:30:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.40%
AMC1.00%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

60% FTSE AIM All Share TR GBP, 40% FTSE Small Cap TR GBP

Morningstar® Benchmark

FTSE Small Cap Ex Investment Trust TR GBP

Growth Of 10,000 (GBP) 30/06/2017

How has this security performed
20132014201520162017
Fund29.5524.459.669.939.15
Category39.58-1.2515.627.7114.43
Benchmark43.86-2.6812.9912.548.82
  • Fund: MI Downing UK Micro-Cap Growth Fund B shares
  • Category: UK Small-Cap Equity
  • Benchmark: FTSE Small Cap Ex Investment Trust TR GBP
Trailing Returns % (GBP) 26/07/2017
FundCatBmark
YTD10.3016.8511.05
3 Years Annualised13.7413.0911.34
5 Years Annualised17.7817.5118.93
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The investment objective of PFS Downing UK Micro-Cap Growth Fund is to generate capital growth from a portfolio consisting of companies within the Numis Smaller Companies Indices. The Fund takes a pro-active private equity approach to investing in quoted smaller companies. Investee companies will typically be capitalised between £20m - £150m. The Fund will aim to hold a concentrated portfolio of 25-30 investments. The Investment Manager aims to identify investments that are valued on low price-cash flow rations relative to peers, and will undertake rigorous due-diligence, modeled on that of a Private Equity style, to establish the robustness of management teams and company strategy.

Portfolio Profile30/06/2017

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
IncreaseRedhall Group PLC Industrials8.23
New since last portfolioReal Good Foods 6.5% Loan Note 28/06/2020 2020-06-28Not Classified6.76
Pennant International Group PLC Technology6.12
Universe Group PLC Industrials4.79
Science in Sport PLC Healthcare4.51
Asset Allocation %
LongShortNet
Stocks81.490.0081.49
Bonds6.760.006.76
Cash9.320.009.32
Other2.440.002.44
Top Stock Regions
Region%
United Kingdom100.00
United States0.00
Canada0.00
Latin America0.00
Eurozone0.00
Top Stock Sectors
Stock Sector%
Industrials42.71
Technology21.20
Consumer Defensive18.90
Consumer Cyclical7.14
Healthcare5.53
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
© Copyright 2017 Morningstar. All rights reserved.