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Contact details

Chelsea House, West Gate, London, W5 1DR
01392 477 662 (Dealing & Administration)
020 8810 7551 (Fax Number)
020 8810 8041 (IFA Information)
020 8810 8041 (Main Number)

Fund managers

* Paul Mumford05-Oct-2005 to Present

Investment objectives

The fund aims to achieve long term capital growth.

Key Information

Fund vs sector

  1y 3y
Position 20 / 54 47 / 52
Quartile 2 4

Fund ratings

FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 11.62 10.86
Alpha 3.94 -1.48
Beta 1.33 0.96
Sharpe 0.03 1.07
Info Ratio 0.65 -0.39
R2 0.81 0.71
Quartiles:   1  2  3  4   help with ratios
vs. UK Smaller Companies»
performance chart
INC -0.3+49.8+80.3+33.3+12.8-9.6+33.2
  UK SMALLER COMPANIES   -1.9+64.9+96.6+36.1+23.5-8.2+29.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf CAVENDISH AIM B INC 149.00 (p) 19-Dec-2014 0.40 0.89% TM46 B0JX3Z5
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf CAVENDISH AIM A INC 145.30 (p) 19-Dec-2014 0.00 1.64% TM91 B0JX3X3

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 Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£30.6m / $47.8m (19-Dec-14)
Savings plan Fund has Savings Plan  Launch05-Oct-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:30
Minimum initial£ 2,500
Minimum additional£ 1,500
Initial charge5.00%
Annual management charge1.50%
Note to chargesInitial Charges: Max;
Trustee / DepositaryThe Royal Bank of Scotland Plc
RegistrarNorthern Trust Global Services Limited
Dividend policyNov 15 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Smaller Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
ECKOH PLC 3.50 1 - *
RENEW HLDGS 3.50 2 - *
TRISTEL 2.40 3 - *
M&C SAATCHI 2.30 4 - *
SOLID STATE PLC 2.00 6 - *
EMIS GROUP PLC 2.00 7 - *
LOK`N STORE GROUP 1.90 9 - *
Regional weightings, 31-Oct-2014
UK99.501 99.50% UK
Cash0.502 0.50% Cash
Sector weightings, 31-Oct-2014
Technology21.601 21.60% Technology
Industrials17.102 17.10% Industrials
Health Care16.903 16.90% Health Care
Consumer Discretionary11.604 11.60% Consumer Discretionary
Communications9.805 9.80% Communications
Energy9.306 9.30% Energy
Financials7.007 7.00% Financials
Materials6.208 6.20% Materials
Cash0.509 0.50% Cash

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, 99.50%
99.5000% ofUK Equities
Cash, 0.50%
0.5000% ofCash

FE Adviser Fund Index

Sector analysis


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