Fact sheet: MI Dwng UK MC Gth

Fund information
Fund name
MI Downing UK Micro-Cap Growth B Acc
Fund manager company
Downing LLP
Fund type
OEIC
Fund manager
  • Judith MacKenziesince 01/02/2011
Fund objective
MI Downing UK Micro-Cap Growth Fund (“the Fund”) invests in a concentrated portfolio of between 25- 30 UK companies within the Numis Smaller Companies Indices - typically those with market capitalisations between £20 million and £150 million. The Fund seeks to generate capital growth, whilst retaining a strong focus on capital preservation. The Fund aims to outperform returns from other UK small-cap equity funds by selecting investments that the Manager believes are undervalued by the market.
Benchmark
  • NUMIS Smaller Companies Indices NSC plus AIM
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
22.7%
1 Year rank in sector
13/49
Sector
UT UK Smaller Companies
Yield
0.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.4%
Fund size
£27m (£21m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
72
Mid price
207.8
Top in this sector
Fund name1 Year
Cavendish AIM41.6%
The MI Discretionary Unit32.8%
Jupiter UK Smaller Companies29.1%
Schroder UK Dynamic Sm Cos27.8%
Old Mutual UK Sm Cos27%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK83.7%
    Money Market16.4%
  • Money Market16.4%
    Software15.3%
    Electronic & Electrical Equipment13.7%
    Food Producers11.8%
    Building & Construction7.4%
  • UK Equities83.7%
    Money Market16.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%7%13.3%22.7%44.3%125.7%
Sector0.7%7.4%10%17.8%22.8%90.3%
Rank within sector42 / 4931 / 4911 / 4913 / 495 / 4711 / 45
Quartile4th3rd1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund5.3%9.9%9.7%24.5%29.6%
Sector6.6%7.7%14.2%-1.9%37.4%
Rank within sector37 / 4918 / 4840 / 481 / 4745 / 46
Quartile4th2nd4th1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
8.53
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.72
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.04
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.84
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.02
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.92
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.57
Price movement
52 week high211.4
52 week low157.27
Current bid price-
Current offer price-
Current mid price207.8
Region
1UK83.65%
2Money Market16.35%
Industry sector
1Money Market16.35%
2Software15.26%
3Electronic & Electrical Equipment13.7%
4Food Producers11.84%
5Building & Construction7.39%
6Hardware4.3%
7Oil & Gas4.26%
8Support Services4.24%
9Retailers - General4.09%
Asset type
1UK Equities83.65%
2Money Market16.35%
Individual holdings
1REDHALL GROUP7.39%
2PENNANT INTERNATIONAL GROUP ORD GBP0.056.15%
3SCIENCE IN SPORT PLC5.33%
4AMINO TECHNOLOGIES4.3%
5SMART METERING SYSTEMS PLC4.26%
Management
Fund manager group
No data available.
Fund manager company
Downing LLP
Fund type
OEIC
Fund objective
MI Downing UK Micro-Cap Growth Fund (“the Fund”) invests in a concentrated portfolio of between 25- 30 UK companies within the Numis Smaller Companies Indices - typically those with market capitalisations between £20 million and £150 million. The Fund seeks to generate capital growth, whilst retaining a strong focus on capital preservation. The Fund aims to outperform returns from other UK small-cap equity funds by selecting investments that the Manager believes are undervalued by the market.
Benchmark
  • NUMIS Smaller Companies Indices NSC plus AIM
Investment style
Concentrated,Growth
Investment method
Shares
Fund manager
NameSinceBiography
Judith MacKenzie01/02/2011Judith joined Downing in October 2009. Previously she was a partner at Acuity Capital managing AIM-quoted VCT and IHT investments and the CF Acuity RAM Fund (the predecessor to this Fund). Prior to Acuity, Judith spent seven years as a senior investment manager with Aberdeen Asset Management Growth Capital as co-Investment Manager of the five Aberdeen VCTs, investing in both public and private companies. Judith has held various non executive and advisory roles in Scottish Government and private companies, and is a Fellow of the Securities Institute.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Downing UK Micro-Cap Growth B Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)1.4%
Total expense ratio (TER)3.15%
Bid price-
Offer price-
Mid price207.8
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA7Q1
MI Downing UK Micro-Cap Growth C Acc
Initial charge5%
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.58
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZWG
Data provided by

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