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 23/05/2018GBX 207.78
Day Change0.32%
12 Month Yield0.23%
ISINGB00B2403R79
SEDOL
Dividend FrequencySemi-Annually
Net Assets (mil) 30/04/201829.73 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
Ongoing Cost1.33%
AMC1.00%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_2

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

Numis SC Plus AIM Ex Invt Com TR GBP

Morningstar® Benchmark

FTSE Small Cap Ex Investment Trust TR GBP

Growth Of 10,000 (GBP) 30/04/2018

How has this security performed
201320142015201620172018
Fund29.5524.459.669.9310.83-4.85
Category39.58-1.2515.627.7125.970.97
Benchmark43.86-2.6812.9912.5415.610.06
  • 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) 23/05/2018
FundCatBmark
YTD-4.974.753.87
3 Years Annualised7.0014.2010.50
5 Years Annualised12.9914.3912.57
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The investment objective of MI 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 Profile30/04/2018

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
Real Good Food 6.5% Loan Note 28/06/2020 2020-06-28Not Classified6.77
Redhall Group PLC Industrials6.09
AdEPT Telecom PLC Communication Services5.70
Braemar Shipping Services PLC Industrials5.30
Gama Aviation PLC Industrials5.09
Asset Allocation %
LongShortNet
Stocks77.590.0077.59
Bonds9.190.009.19
Cash10.620.0010.62
Other2.590.002.59
Top Stock Regions
Region%
United Kingdom100.00
United States0.00
Canada0.00
Latin America0.00
Eurozone0.00
Top Stock Sectors
Stock Sector%
Industrials49.45
Technology16.79
Communication Services7.35
Financial Services6.35
Healthcare5.94
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.
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