Introduction to Unit Trusts & OEICs

Unit trusts and open-ended investment companies (OEICs) are types of collective investment, which allow investors to pool their money with other investors to invest more efficiently in stock and bond markets. As 'open-ended' funds, more shares are issued each time someone invests and sold when they exit. In practice, this means that the asset pool will expand and contract as people buy and sell out of the fund and that the price of the fund always reflects the value of the underlying stocks or bonds.

These funds usually have income and accumulation units. The income units pay out any income generated by the fund (such as dividends from shares or coupons from bonds), while for accumulation units, this is simply added back into the units. Each fund will also have different types of share class with different fee structures. Some, for example, have inbuilt commission structures, allowing payments to be made to brokers and advisers. Increasingly fund managers offer 'clean' share classes, which do not contain any facility for such payments and therefore have a lower annual management charge.

When buying unit trusts and OEICs, investors may have to pay an upfront fee, and then the ongoing annual management charge which is deducted automatically from the unit value.

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
Carmignac Portfolio Capital Plus F GBP Acc Hdg3.144.6912.031,817.32-Buy
Carmignac Portfolio Emerging Discovery F GBP Acc Hdg15.7733.7043.08359.33-Buy
5alpha Adventurous A Acc GBP8.59--0.00-Buy
5alpha Adventurous B Acc GBP8.58--0.00-Buy
5alpha Conservative A Acc GBP0.35--0.00-Buy
5alpha Conservative B Acc GBP0.35--0.00-Buy
7IM AAP Adventurous C Acc11.3930.8164.10260.361.40Buy
7IM AAP Balanced C Acc6.3418.8438.861,601.631.50Buy
7IM AAP Income C Acc5.0416.5327.7692.473.30Buy
7IM AAP Moderately Adventurous C Acc9.2825.9053.94663.151.40Buy
7IM AAP Moderately Cautious C Acc3.3711.8024.43793.121.40Buy
7IM Adventurous C Acc11.2330.0769.78136.190.70Buy
7IM Balanced C Acc6.2217.8339.17791.191.20Buy
7IM Cautious C Acc2.67--43.511.50Buy
7IM Moderately Adventurous C Acc9.0225.3956.09448.050.90Buy
7IM Moderately Cautious C Acc3.7511.2824.90312.661.60Buy
7IM Personal Injury B Acc3.1311.4222.37283.161.70Buy
7IM Personal Injury C Acc3.1411.4222.70283.161.70Buy
7IM Sustainable Balance C Acc6.7322.0543.3081.762.00Buy
ACUMEN Adventurous Portfolio X Acc11.46--51.35-Buy
ACUMEN Conservative Portfolio X Acc5.3622.18-235.591.30Buy
ACUMEN Income Portfolio X Acc6.35--137.012.40Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
Carmignac Portfolio Capital Plus F GBP Acc Hdg3.144.6912.031,817.32-Buy
Carmignac Portfolio Emerging Discovery F GBP Acc Hdg15.7733.7043.08359.33-Buy
7IM AAP Adventurous C Inc11.4130.8264.13260.361.40Buy
7IM AAP Balanced C Inc6.3318.8338.841,601.631.50Buy
7IM AAP Income C Inc5.0416.5727.7892.473.30Buy
7IM AAP Moderately Adventurous C Inc9.2825.8753.90663.151.50Buy
7IM AAP Moderately Cautious C Inc3.5511.8324.47793.121.40Buy
7IM Adventurous C Inc11.1330.0569.80136.190.70Buy
7IM Balanced C Inc6.2317.8139.17791.191.20Buy
7IM Cautious C Inc2.67--43.511.50Buy
7IM Moderately Adventurous C Inc8.9725.3656.07448.050.90Buy
7IM Moderately Cautious C Inc3.7511.2624.89312.661.60Buy
7IM Personal Injury C Inc3.1311.3822.65283.161.70Buy
7IM Personal Injury B Inc3.1411.3922.37283.161.70Buy
7IM Sustainable Balance C Inc6.7322.2443.4881.762.10Buy
ACUMEN Income Portfolio X Inc6.34--137.012.40Buy
AXA Defensive Distribution Z Gr Inc5.3718.0231.09311.660.89Buy
AXA Defensive Distribution Z Inc5.3917.1128.81311.660.89Buy
AXA Distribution Z Inc7.3321.1337.48848.682.31Buy
AXA Ethical Distribution Z Inc8.7627.1147.56229.761.54Buy
AXA Framlington American Growth Z Inc18.8554.87127.48488.75-Buy
AXA Framlington Biotech Z Inc11.6414.65164.24482.95-Buy

Funds analysis

Thu, 14th December 2017 - 11:12

Still unsure about what to buy your loved ones this Christmas? Investment analyst Dzmitry Lipski has some great fund ideas for the whole family.

Tue, 12th December 2017 - 12:35

James Milne, co-manager of FP CRUX European Special Situations, tells Tom Bailey what he's been buying, holding and selling lately. 

Mon, 11th December 2017 - 12:40

Several of our experts' 2017 fund recommendations produced outstanding returns amid profound uncertainty. Holly Black looks how these various funds fared.

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