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Contact details

14 Melville Street, Edinburgh, EH3 7NS
0845 608 0940 (Dealing)
013 1220 0735 (Fax Number)
013 1220 0733 (Main Number)

Fund managers

* Alistair Whyte20-Mar-1991 to Present
* Richard Newbery»20-Mar-1991 to Present
* Andy Bamford»23-Apr-2001 to Present
* Euan Macdonald»14-May-2001 to Present
* Keith Muir»03-Mar-2011 to Present
* Mark Williamson»01-Nov-2014 to Present
David T. M. Ross»20-Mar-1991 to 31-Mar-2014
John Evans»20-Mar-1991 to 31-Aug-2011
David Warnock»20-Mar-1991 to 31-Dec-2008

Investment objectives

The Fund’s objective is to achieve a total return greater than on the NSCI (XIC) over the long term by investing in a diversified portfolio of small UK quoted companies.

Key Information

Fund vs sector

  1y 3y
Position 21 / 53 4 / 51
Quartile 2 1

Fund ratings

GoldMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 9.83 12.99
Alpha 3.99 0.74
Beta 1.13 1.26
Sharpe 0.09 1.55
Info Ratio 0.86 0.98
R2 0.80 0.88
Quartiles:   1  2  3  4   help with ratios
vs. IMA UK Smaller Companies»
performance chart
ACC -0.3+92.7+109.0+46.6+31.9-11.9+23.1
  IMA UK SMALLER COMPANIES   -1.6+65.3+98.1+35.7+23.8-8.3+30.6
Clean share class
   Bid OfferDateYieldTER help CiticodeSEDOL
pdf ABERFORTH UK SMALL COMPANIES ACC 18223.00 (p) 18575.00 (p) 18-Dec-2014 0.00 0.86% A109 0007272
pdf ABERFORTH UK SMALL COMPANIES INC INC 15301.00 (p) 15597.00 (p) 18-Dec-2014 2.14 0.86% AXW0 B2N9GS7

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£188.2m / $293.8m (18-Dec-14)
Savings plan Fund has Savings Plan  Launch20-Mar-1991
Pricing times16:30 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 16:30
Minimum initial£ 1,000
Minimum additional£ 1,000
Initial charge0.00%
Annual management charge0.80%
Note to chargesn/a
Trustee / DepositaryRoyal Bank of Scotland Plc
RegistrarCapita Financial Administrators Limited
Dividend policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed IMA UK Smaller Companies
Largest holdings, 30-Nov-2014
Holding (%) Rank Fund factsheet Equity factsheet
VESUVIUS PLC 2.66 3 - *
QINETIQ GROUP 2.46 5 - *
GO-AHEAD GROUP 2.35 6 - *
SHANKS GROUP 2.25 8 - *
FLYBE GROUP PLC 2.17 9 - *
FIRSTGROUP 2.16 10 - *
Regional weightings, 30-Nov-2014
UK100.001 100.00% UK
Sector weightings, 30-Nov-2014
Industrials33.001 33.00% Industrials
Consumer Services24.002 24.00% Consumer Services
Financials16.003 16.00% Financials
Technology9.004 9.00% Technology
Consumer Goods6.005 6.00% Consumer Goods
Oil & Gas4.006 4.00% Oil & Gas
Health Care4.007 4.00% Health Care
Basic Materials3.008 3.00% Basic Materials
Telecommunications1.009 1.00% Telecommunications

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

UK Equities, 100.00%
100.0000% ofUK Equities

FE Adviser Fund Index

Sector analysis


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