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 Hdg2.050.849.911,780.20-Buy
7IM AAP Adventurous C Acc4.7617.3746.82264.491.20Buy
7IM AAP Balanced C Acc1.429.2128.261,579.041.40Buy
7IM AAP Income C Acc-0.139.1120.6691.463.20Buy
7IM AAP Moderately Adventurous C Acc3.1414.3639.81654.551.40Buy
7IM AAP Moderately Cautious C Acc0.164.9017.42762.821.30Buy
7IM Adventurous C Acc5.3018.3852.85136.630.60Buy
7IM Balanced C Acc1.729.2729.12775.361.30Buy
7IM Cautious C Acc-0.42--41.751.30Buy
7IM Moderately Adventurous C Acc3.3414.7841.76440.020.70Buy
7IM Moderately Cautious C Acc0.234.8918.20303.531.80Buy
7IM Personal Injury B Acc-0.265.3516.45269.201.50Buy
7IM Personal Injury C Acc-0.265.3516.70269.201.50Buy
7IM Sustainable Balance C Acc1.5511.9131.8781.831.90Buy
ACUMEN Adventurous Portfolio X Acc4.16--68.48-Buy
ACUMEN Conservative Portfolio X Acc0.9513.82-295.961.30Buy
ACUMEN Income Portfolio X Acc0.12--175.272.40Buy
ACUMEN Progressive Portfolio X Acc4.5117.17-96.620.60Buy
AHFM Defined Returns B4.6620.00-504.61-Buy
AXA Defensive Distribution Z Gr Acc-0.4110.2120.42293.640.85Buy
AXA Defensive Distribution Z Acc-0.449.4318.61293.640.86Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
Carmignac Portfolio Capital Plus F GBP Acc Hdg2.050.849.911,780.20-Buy
7IM AAP Adventurous C Inc4.7717.3846.82264.491.20Buy
7IM AAP Balanced C Inc1.429.2128.251,579.041.40Buy
7IM AAP Income C Inc-0.149.1420.6791.463.30Buy
7IM AAP Moderately Adventurous C Inc3.1514.3539.79654.551.40Buy
7IM AAP Moderately Cautious C Inc0.164.9317.46762.821.30Buy
7IM Adventurous C Inc5.3018.3652.86136.630.60Buy
7IM Balanced C Inc1.739.2429.11775.361.30Buy
7IM Cautious C Inc-0.42--41.751.30Buy
7IM Moderately Adventurous C Inc3.3314.7541.74440.020.70Buy
7IM Moderately Cautious C Inc0.234.8718.18303.531.80Buy
7IM Personal Injury C Inc-0.255.3116.66269.201.50Buy
7IM Personal Injury B Inc-0.265.3116.44269.201.50Buy
7IM Sustainable Balance C Inc1.5612.0731.9381.831.90Buy
ACUMEN Income Portfolio X Inc0.12--175.272.40Buy
AXA Defensive Distribution Z Gr Inc-0.4310.2020.41293.640.85Buy
AXA Defensive Distribution Z Inc-0.419.4118.52293.640.87Buy
AXA Distribution Z Inc-0.849.8823.34798.202.21Buy
AXA Ethical Distribution Z Inc1.3413.8431.67224.481.56Buy
AXA Framlington American Growth Z Inc13.1442.41112.95495.70-Buy
AXA Framlington Biotech Z Inc3.38-0.70136.66487.90-Buy

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