Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

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

Sell:170.89p Buy:170.89p Change: 0.18p (0.10%)
Prices as at 19 July 2019
Sell:170.89p
Buy:170.89p
Change: 0.18p (0.10%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 19 July 2019
Sell:170.89p
Buy:170.89p
Change: 0.18p (0.10%)
Prices as at 19 July 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
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): 1.25%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.25%

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
Manager:
Judith MacKenzie
Fund launch date: 5 September 2008
Sector: UK Smaller Companies
Fund size: £14 million
Number of holdings: 29
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: Yes
Minimum regular savings value: £25.00

Performance

19/07/14 to 19/07/15 19/07/15 to 19/07/16 19/07/16 to 19/07/17 19/07/17 to 19/07/18 19/07/18 to 19/07/19
Annual return 17.19% -4.93% 32.04% -6.18% -16.45%

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.

View fund chart

Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The Fund aims to grow your investment. The Fund will invest in a concentrated portfolio of between 25-30 smaller companies based, or carrying out much of their business, in the United Kingdom. Smaller companies will typically be those valued between £20 million and £150 million at the time of investment. The Fund will invest in companies that show strength of management, strategies that have been overlooked by the stock market and the potential to increase valuations by an Internal Rate of Return (IRR) of 15%. The IRR is used to measure and compare the rate of growth various companies are expected to generate. Any income this share class generates will be reinvested to grow the value of your investment.

Income Details

Historic yield : 0.46%
Income paid: n/a
Type of payment: Dividend
Ex-dividend date: 31 July 2019 31 January 2020
Payment date: 30 September 20194 31 March 20204

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 June 2019.

Security Weight
Real Good Food 10% Loan Note 29/06/2020 7.97%
DX (GROUP) 7.52%
NORMAN BROADBENT 7.06%
PETARDS GROUP 6.01%
PITTARDS 5.24%
SYNECTICS 4.91%
SYSGROUP 4.76%
DUKE ROYALTY LTD 4.67%
UNIVERSE GROUP 4.63%
ADEPT TECHNOLOGY GROUP 4.62%
Sector Weight
Industrial Support Services 22.61%
Industrial Transportation 20.62%
Non-Classified 11.87%
Software & Computer Services 7.73%
Electronic & Electrical Equipment 7.68%
Personal Goods 5.24%
Investment Banking & Brokerage Services 4.67%
Telecommunications Service Providers 4.62%
Real Estate Investment & Services 4.00%
Cash and Equiv. 3.82%
Country Weight
United Kingdom 87.50%
Non-Classified 8.68%
Cash and Equiv. 3.82%

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 19 July 2019. Data provided by Funds Library, correct as at 30 June 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

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.