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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

One Coleman Street, London, EC2R 5AA
0845 070 8684 (Broker Line)
0370 050 0955 (Customer Support)
0207 528 6838 (Fax Number)

Fund managers

* Richard Penny01-May-2005 to Present

Investment objectives

The objective of this fund is to provide growth. The fund will typically invest between 90% and 100% in company shares from a small number of UK companies. The fund will invest in smaller and medium sized companies and also larger sized companies which form part of the FTSE All-Share, Fledgling and Alternative Investment Market (AIM) indices of shares. These indices consist of shares of a variety of UK companies representing all economic sectors. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management, To reduce some of the risks of the market. The fund may also invest in cash or deposits. Your units will be accumulation units. Income from investments held by the fund (dividends) will be reinvested into the value of your units.

Key Information

Fund vs sector

  1y 3y
Position 14 / 287 251 / 280
Quartile 1 4

Fund ratings

FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 12.14 14.66
Alpha 15.43 0.27
Beta 0.76 0.87
Sharpe 1.62 0.59
Info Ratio 1.20 -0.19
R2 0.30 0.45
Quartiles:   1  2  3  4   help with ratios
vs. UK All Companies»

FE Risk Scores

Instrument 1y(%) Growth FE Risk Score
L&G UK Alpha 12.7
UK All Companies 6.3
Cash n/a
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>
performance chart
ACC +12.7+38.3+86.0+32.2-7.2+13.0+19.1
  UK ALL COMPANIES   +6.3+51.2+64.9+23.4+15.3-2.1+11.3
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G UK ALPHA I ACC ACC 167.50 (p) 172.60 (p) 19-Sep-2014 n/a 0.79% AOI0 B28PT70
pdf L&G UK ALPHA F ACC ACC 165.30 (p) 170.40 (p) 19-Sep-2014 0.10 1.18% G5XF B89LSY9
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G UK ALPHA R ACC ACC 157.90 (p) 170.80 (p) 19-Sep-2014 n/a 1.68% LT34 B079QX4

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£212.3m / $346.3m (31-Jul-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch27-May-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge5.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarLegal & General (Portfolio Management Services)Lim
Dividend policyJun 18 (Final), Dec 18
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK All Companies
Largest holdings, 31-Jul-2014
Holding (%) Rank Fund factsheet Equity factsheet
VECTURA GROUP 4.11 5 - *
AA PLC 4.04 7 - *
ESERVGLOBAL 3.77 8 - -
SAGA PLC 3.60 10 - *
Regional weightings, 31-Jul-2014
UK91.231 91.23% UK
Middle East/ Africa4.652 4.65% Middle East/ Africa
Australia and New Zealand3.953 3.95% Australia and New Zealand
Cash and Equivalents0.174 0.17% Cash and Equivalents
Sector weightings, 31-Jul-2014
Industrials20.681 20.68% Industrials
Technology18.352 18.35% Technology
Consumer Services14.633 14.63% Consumer Services
Health Care14.124 14.12% Health Care
Utilities9.355 9.35% Utilities
Financials7.506 7.50% Financials
Basic Materials6.027 6.02% Basic Materials
Oil & Gas5.978 5.97% Oil & Gas
Telecommunications3.219 3.21% Telecommunications
Cash & Cash Equivalents0.1710 0.17% Cash & Cash Equivalents

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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Trevor Hodges Oct 05th, 2011 at 07:10 AM

Be aware of the nearly 9% spread in price, meaning an initial cost of nearly 4% even if you get the whole of the stated 5% initial charge refunded.

Theo Sep 04th, 2011 at 04:21 PM

Here we have a fund delivering what it promises, a high alpha. It is a very special species among all the impostors of this industry. Why is not the manager alpha grade?

Theo Sep 04th, 2011 at 04:04 PM

If shares in the FTSE AS index pay a div. of 2.65% on the average, funds like this with a TER 1.65% should be paying a div. of 1%. Why are they paying nothing? Clearly the TER grossly understates the total expenses deducted from the fund and it is time such deceptions stopped.

I think one day some institution or rich individual should sue the biggest investment companies for for $billions, in the same way they sued the tobacco companies.

David Porter Dec 06th, 2009 at 10:17 PM

do you pay an income or not please from this unit trust?


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Asset allocation

UK Equities, 91.23%
91.2300% ofUK Equities
Middle East & African Equities, 4.65%
4.6500% ofMiddle East & African Equities
Australia and New Zealand, 3.95%
3.9500% ofAustralia and New Zealand
Cash & Cash Equivalents, 0.17%
0.1700% ofCash & Cash Equivalents

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