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MI Downing UK Micro-Cap Growth B Acc

Ranked 47 out of 49 in - UK Smaller Companies over 12 months
All calculations are in GBP unless stated

Managed by

Judith Mackenzie

Hailing from Inverness, Judith MacKenzie manages equity funds at Downing LLP, having joined the company in 2010. Prior to this, she spent a year at Acuity Capital (Electra Partners) having joined from Aberdeen Asset Management. Judith started her career at Brewin Dolphin in 1997 where spent four years. She studied economics and finance and is member of the Securities Institute.

Objective

To achieve capital growth by investing in a concentrated portfolio of between 25 to 30 UK smaller companies (typically those with market capitalisations between 20 million and 150 million). The Fund seeks absolute performance whilst retaining a strong focus on capital preservation. The Investment Manager (Downing LLP) targets an annualised performance of 15% and is long term focused. The Fund aims to outperform returns from other UK small-cap equity funds by selecting investments that the Investment Manager believes are undervalued by the market.

Showing fund performance in United Kingdom View performance globally

Performance

UK Smaller Companies over : 31/10/2016 - 31/10/2017

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 5.7% 3.3% 0.4%
2016 9.9% -5.1% -6.5% 16.4% 6.4%
2015 9.7% 2.0% 1.4% 4.6% 1.5%
2014 24.4% 10.2% 3.8% 3.1% 5.6%
2013 29.6% 7.2% 2.3% 15.0% 2.8%
2012 24.6% 12.3% 0.0% 5.6% 5.0%
2011 -8.2% 1.0% 2.7% -8.7% -3.1%
2010 8.1% -2.5% 0.8% 10.8% -0.7%
2009 12.5% 0.4% 10.0% 12.4% -9.4%
2008 -18.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/05/2017

Top 10 Holdings

Stock Size
GBP Cash 17.22
Redhall Group PLC ORD 6.24
Pennant International Group PLC ORD 6.11
Science in Sport PLC ORD 4.92
Conviviality PLC ORD 4.70
Universe Group PLC ORD 4.67
Amino Technologies PLC ORD 4.33
Adept Telecom PLC ORD 3.95
Petards Group PLC ORD 3.91
Sprue Aegis PLC ORD 3.77
31/05/2017

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date05/09/2008
  • Share Class size32Mn
  • Base currencyGBP
  • ISIN GB00B2403R79

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment100

Charges

  • Annual management1.00%
  • Initial investment5

Related News

Downing soft closes AA-rated star's UK micro-cap fund

Downing has ‘soft closed’ its UK micro-cap growth fund after it reached its capacity of £30 million.

AA-rated star warns on small-cap bubble

Small caps are entering bubble territory, says Downing Strategic Micro Cap investment trust manager Judith MacKenzie.

Downing acquires Shillito's SGWM Managed fund

Downing has acquired the £19 million MFM SGWM Managed fund for an undisclosed sum in a move which will see it distribute the multi-manager portfolio to the wider intermediary market.

AAA-rated Stephen Whittaker signs Downing for UK income fund

Downing has been appointed co-manager on Citywire AAA-rated Stephen Whittaker's Querns Monthly Income fund.

Downing gives AAA-rated MacKenzie's fund a makeover

The PFS Downing Active Management fund will take on the micro-cap name to better reflect its strategy. 

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).