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MI Downing UK Micro-Cap Growth Class B - Accumulation (GBP)

Sell:212.50p Buy:212.50p Change: 13.23p (5.86%)
Prices as at 10 June 2021
Change: 13.23p (5.86%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 10 June 2021
Change: 13.23p (5.86%)
Prices as at 10 June 2021
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.00%
Initial saving from HL: 5.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.75%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.75%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Other Information

Unit type: Unbundled
Judith MacKenzie
Fund launch date: 5 September 2008
Sector: UK Smaller Companies
Fund size: £9 million
Number of holdings: 33
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 10:00
Trustee: Northern Trust Global Services Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: No
Minimum regular savings value: n/a

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14/06/16 to 14/06/17 14/06/17 to 14/06/18 14/06/18 to 14/06/19 14/06/19 to 14/06/20 14/06/20 to 14/06/21
Annual return 24.72% -2.52% -13.32% -20.92% 49.48%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

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Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The investment objective of MI Downing UK Micro-Cap Growth Fund is to generate capital growth. The Fund seeks to achieve its investment objective through investing at least 90% of its assets in shares of companies which are included within the Numis Small Cap plus AIM excluding Investment Trusts Index, and which are based, or which carry out much of their business, in the United Kingdom. The Fund takes a proactive private equity approach to investing in quoted smaller companies. Investee companies will typically be capitalised between £20m - £350m at the time of investment. The Fund may also hold companies capitalised greater than £350m if it is deemed beneficial to the Fund. The Fund will aim to hold a portfolio of 25-40 investments.

Income Details

Historic yield : 0.46%
Income paid: n/a
Type of payment: Dividend
Ex-dividend date: 31 July 2021 31 January 2022
Payment date: 30 September 20214 31 March 20224

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 April 2021.

Sector Weight
Industrial Support Services 17.75%
Cash and Equiv. 17.48%
Software & Computer Services 10.01%
Electronic & Electrical Equipment 8.92%
Medical Equipment & Services 7.02%
Non-Classified 5.19%
Industrial Transportation 4.43%
General Industrials 4.28%
Waste & Disposal Services 2.89%
Media 2.63%
Country Weight
United Kingdom 74.71%
Cash and Equiv. 17.48%
Non-Classified 5.19%
Israel 2.63%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 10 June 2021. Data provided by Funds Library, correct as at 30 November 2020.


4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.