Quick Stats

Mid Price GBX 2,184.49 Day Change GBX +14.08 (0.65%)
Price Date 3 Jun 2020 Crown Rating 2
Shares Class Inc. Yield 1.21 %
Last Ex-Dividend Date 01 November 2019 Dividend Frequency Semi-annually
Sector UK Smaller Companies Fund Size 43,181,729.00
Launch Date 08/08/1963 Standard Initial Charge 3.00%
Ongoing cost 1.10% Annual Management Charge 1.00%
ISIN GB0002708708 Sedol 0270870

Fund Objective

The Fund seeks capital growth over the long-term (3-5 years).

Fund Managers

Melwin Mehta
Melwin developed an interest in investing while undergoing his B.Eng (Electrical). After a short stint in an engineering firm, he followed his passion and joined an investment magazine in 2000, as a junior research assistant to the editor. He then worked for the treasury division of Bajaj Auto, a large manufacturing company where he had a ringside view of how companies took decisions on production, sales and general operations. In 2004, Melwin joined IL&FS Investment Managers, a private equity firm where he was responsible for sourcing and investing in private companies. In 2009 he joined El Oro, a family office and worked alongside the patriarch on the portfolio before joining Helium, an active hedge fund specialising in micro-caps. He is now the Portfolio Manager of MI Discretionary Fund. Melwin meets in excess of 250 companies every year, operating in diverse industries. He likes to focus on companies that other mainstream institutional investors are not interested in. He is a board member of Young Enterprises and member of the CFA UK Society of Investment Professionals. Outside of work, he is active in saving bees.